Building confidence: Japan's housing sector shows signs of recovery

Article Abstract:

Daiwa House Industry Co is among the few companies in Japan which expects to sustain 1991 profit levels while other companies are facing drops in their earnings for 1992. While a flat earnings growth is not normally an achievement, Daiwa House shows that Japan's troubled economy may be on the verge of recovery. Some analysts point to the fact that more housing construction usually signals an economic turnaround. However, economists feel that positive developments in the housing sector do not necessarily mean better prospects for related industries.

Real estate agents and managers, Housing developers, Daiwa House Industry Company Ltd.

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Bleak houses: Japanese profits plunged in 1992, and 1993 looks grim

Article Abstract:

Earnings by Japan's corporations declined in FY 1992 and are likely to decline again for the fourth consecutive year in FY 1993. Pre-tax profits for 1,461 companies went down by an average of 24.9% in FY 1992, while the Nikkei Index forecasts a marginal fall in profits in FY 1993. Falling profits may wipe away the business relationships that were the basis for economic growth. The worsening domestic economy, poor foreign demand and rising fixed-cost obligations brought about the drop in earnings.

Profits, Corporations, Corporate profits, Corporations, Japanese

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Not a pretty picture

Article Abstract:

The value of Impressionist art works purchased by the Japanese in the late 1980s has fallen by approximately 50% due to the country's recession. Japanese buyers made the mistake of thinking that the art works would appreciate in value in spite of the recession and they bought the paintings at high prices. This vast difference in the paintings' purchase price and current worth is preventing businessmen from selling their artwork.

Prices and rates, Art industry, Art industries and trade, Painting, Modern, Modern painting

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