Honda takes firm Asia stand

Article Abstract:

Honda Motor Co. new President Hiroyuki Yoshino vows to keep boosting the company's Asian operations despite slump in the region. The auto maker has rolled out new models in a bid to spur demand. Honda's biggest manufacturing base in Asia outside Japan is Thailand. The company maintains manufacturing operations through joint ventures in Malaysia, Indonesia and the Philippines. Yoshino believes that motorcycle sales would continue to be a source of strength for Honda. The firm's motorcycle sales have been less affected by the Asian slump than auto sales.

Comment:

Its new President Hiroyuki Yoshino vows to keep boosting the company's Asian operations despite slump in the region

Strategy & planning, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Honda Motor Company Ltd.

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Trend Micro piques interest

Article Abstract:

Trend Micro Inc., an antivirus computer-software maker, has attracted the attention of Japanese investors when it launched an initial public offering of 2.5 million shares for 4,300 yen ($29.68) a share on Aug. 18, 1998. The lead underwriter of the offering is Nomura Securities Co. Trend Micro Chief Executive Officer Steve Chang, a former Hewlett-Packard engineer and Taiwan native, said investors ordered 130 million shares, signifying strong demand. The firm, established by Chang in 1988, has a market share of about 60% in Japan and 10% world-wide.

Comment:

Attracts attention of Japanese investors when it launches an IPO of 2.5 mil shares for 4,300 yen a share on 8/18/98

Software Publishers, Organizational history, Communication Software Pkgs, Telecommunications software, Trend Micro Inc.

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Economic figures are worse than expected for quarter

Article Abstract:

Economic figures showing a decrease in Japan's GDP by 0.8% in the last quarter of 1998 were even worse than what market analysts predicted and that the poor economic performance might put pressure on the government to promote measures that would stimulate growth. The figures also indicated a decline in the external demand as shown by the 0.3 point subtracted from the GDP growth. The primary reasons contributing to the poor economic performance were the stagnant investment on capital and fears of corporate reorganizations and unemployment.

Financial analysis, Gross Domestic Product, Economic aspects, Economic indicators

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