Agency may face Mr. Gloom: Sakaiya could shake up optimistic atmosphere

Article Abstract:

Japanese economic analyst and critic Taichi Sakaiya has been selected by newly-elected Japanese premier Keizo Obuchi to head the Economic Planning Agency (EPA). The agency is headed for a heated relationship with Sakaiya, a harsh critic of Japanese economic planners and the agency during Sakaiya's tenure as an author and critic. The EPA is known for its optimistic projections on the Japanese economy, reluctantly refusing to concede to Japan's economic woes. Sakaiya is expected to bring the EPA to new heights of economic reporting, with accuracy as his goal.

Administration of General Economic Programs, Economic Planning & Research, Officials and employees, Appointments, resignations and dismissals, Economic conditions, Japan. Economic Planning Agency, Sakaiya, Taichi

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Japan's restaurant stocks dish out appetizing prospects after food scare

Article Abstract:

Analysts encourage investors to buy stocks in Japanese restaurant companies as stock prices which went into depression during the outbreak of food poisoning are expected to rise now that the food poisoning issue is over. The epidemic, which was traced to a bacterium called E. coli O157 that was detected in ingredients for preparing school lunches in the city of Sakai, caused a 5%-12% decline in restaurant stock prices. To boost prices and attract investors, many restaurants have invested on computer systems that store consumer information.

Eating places, Restaurants & Food Service, Food Services and Drinking Places, Finance, Restaurant industry, Food poisoning, Epidemics

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Corporate Japan is shedding its chieftains: but most companies still need to take broad restructuring measures

Article Abstract:

A number of large Japanese corporations are reducing the size of their executive staff in order to cope with decreased earnings. Japanese corporations such as Mitsubishi Electric Corp, Japan Airlines and Yakult Honsha Co are some of the companies that have done layoffs of executives. The drastic measures were taken due to the decreased exports in the Asian market which has diluted earnings, with pretax profits dropping by an average of 10%.

Management Termination, Human resource management, Economic policy, Labor relations, Corporations, Executives, Managers, Employment terminations

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