Cash lifeline: Koreans in Japan subsidise Pyongyang

Article Abstract:

Kim Il Sung's North Korean regime derives substantial material and financial support from the approximately 100,000 Koreans residing in Japan who give their allegiance to the North rather than to South Korea. The Chosen Soren, or General Assn of Koreans, funnels the $600-700 million that North Korea receives every years from its nationals in Japan. Despite US pressure, the Japanese government has done little to restrict Chosen Soren's money-raising efforts due to a reluctance to violate human rights. However, Chosen Soren's sway among Koreans in Japan appears to be weakening.

Economic aspects, Political activity, Cover Story, Japanese foreign relations, North Korea, North Korean foreign relations, Koreans, Koreans in Japan, General Association of Korean Residents in Japan

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Riding on success: JR East listing gets an enthusiastic welcome in Tokyo

Article Abstract:

East Japan Railway (JR East), a public utility created in 1987 by the demise of Japan National Railways, achieved success with its first public offering of 600,000 shares on the Tokyo stock market on Aug 27, 1993. Bidding boosted the average weighted price to 379,806 yen per share, far above the 250,000 generally foreseen. JR East will offer a further 1.4 million shares starting on Oct 26 at 380,000 yen per share. Oversubscription may compel JR East to dispose of these shares through a lottery. However, some analysts believe that JR East lacks diversification.

Railroads, Securities, Securities listing, Tokyo Stock Exchange, East Japan Railway Co.

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Steamed up: Japan's rice-import ban stays, despite shortfall

Article Abstract:

The Japanese government has retained the ban on imports of rice even though the 1993 crop will be the lowest since World War Two. An emergency import of 200,000 tonnes was allowed, but the shortfall is close to two million tonnes, or 1/5 of the total deemed officially a normal level. The political pressure to maintain the import ban comes from rice farmers, while other sectors of the economy are more favorable to imports.

International trade, Grain industry

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