Abstracts » Business, international

THe machine is stalled

Article Abstract:

Japan's economic bureaucrats probably will not initiate any serious changes with the government in disarray. Once-routine deals are now complicated and confused, and the government is too feeble to revive the economy through any means. The bureaucrats, through virtue of their stability, remain powerful, and the 1992 spending authorizations give them considerable power. The Finance Ministry is resisting tax cuts to promote spending, though other ministries support them.

Bureaucracy

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Take the A-train: Japanese Government prepares rail listing

Article Abstract:

Japan's government plans to privatize the East Japan Railway by selling its stock on the Tokyo Stock Exchange. Accordingly, a listing application with an Oct 1993 flotation date will be filed in Apr 1993. Four million shares valued at between $3 and $4 million will be offered. The government hopes that this privatization will be smoother than the previous listing of Nippon Telegraph & Telephone, the share price of which dropped 80% in value at one point.

Railroads, Securities, Privatization, Privatization (Business), East Japan Railway Co.

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