Firms jockey for Japan's pension market

Article Abstract:

A series of planned reforms in the Japanese pension market is attracting the interest of a number of local and foreign companies. The overhaul of the country's pension system will include the adoption of a defined-contribution system, new tax measures and the raising of Japan's retirement age. Companies that have signified their interest in the nation's pension system include Fidelity Investment and State Street Corp, both of Boston, MA, and local groups such as Nomura Securities Ltd, Sumitomo Bank Ltd and Industrial Bank of Japan Ltd.

Commercial Banks, Commercial Banking, Securities Dealers, Investment Banking and Securities Dealing, Financial management, Financial Services, Finance and Insurance, Pension Funds & Benefit Plans, Pension Funds, Management, Finance, Pensions, Industrial Bank of Japan Ltd., Nomura Securities Company Ltd., Fidelity Investments, State Street Corp., Sumitomo Bank Ltd. (Tokyo, Japan)

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Merger trend picks up in drug, food-service sectors

Article Abstract:

The Switzerland-based Roche Holding AG is paying 155 billion yen to 198 billion yen for a 50.1% stake in Chugai Pharmaceutical Co., one of Japan's leading pharmaceutical companies. The United Kingdom-based Compass Group PLC is paying approximately $277 million for a Japanese restaurant operator, Seiyo Food Systems Inc.

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Switzerland, Eating places, Food Services and Drinking Places, Drugs, Statistical Data Included, Pharmaceutical industry, Mergers, acquisitions and divestments, Restaurant industry, Restaurants, Roche Holding Ltd., Compass Group PLC, Chugai Pharmaceutical Company Ltd., Seiyo Food Systems Inc.

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