Land of the setting sun?

Article Abstract:

The Japanese central bank created a deflationary environment by hiking the official discount rate five times from May 1989 to Aug. 1991. This decision came after realizing that asset prices were spiralling uncontrollably as a result of its initiative to raise the discount rate and the government's bid to appreciate the yen. The byproduct of discount-reduction strategy is a drop in the price of land and stocks, culminating in a recessionary environment. Bad debts plagued the banking industry and the housing loan companies (jusens), primarily affecting agricultural cooperatives which lent heavily to the jusens. The credit system of Japan is now in disarray. In response, the central bank reduced the discount rate to an all-time low of 0.5% and provided funds to the banking sector via bond purchases and other open-market operations. Also, aggressive policy initiatives, such as public funds to the agricultural coops and tax revisions, should be introduced.

Economic aspects, Japan, Economic development, Japanese, Japanese (Asian people)

---

Contaminated land: keep out?

Article Abstract:

The British Environmental Protection Act of 1990 contains a provision that proposes the public registration of contaminated land. The aim of this proposal is to ensure that local authorities and all interested parties are informed of the potential danger of contamination. This environmental legislation, which is set to take effect in April 1993, has important implications for companies and their board directors. The financial burden of cleaning up contaminated land can fall on the the company that owns the land, whether or not it was responsible for the contamination. To avoid costly penalties, companies should investigate if their lands are polluted and should register them if they have been found to be so.

Laws, regulations and rules, Soil pollution

---

Site uncertainty, allocation uncertainty, and superfund liability valuation

Article Abstract:

A study was conducted to analyze dependent Superfund valuation by examining factors related to the differential valuation of contingencies. Uncertainty about Superfund contingent liabilities was categorized into two sources, namely uncertainty concerning site-clean-cup cost and concerns regarding the division of total site-clean-up costs across different parties. Results indicated that the measurement of the total cost of remediating a Superfund site significantly contributes to the uncertainty surrounding estimation of individual company liability.

Administration of Air and Water Resource and Solid Waste Management Programs, Pollution Control & Abatement, Pollution control, Superfund

Similar abstracts:

• Abstracts: Teamwork for Profit. Survey details profit-sharing plans: is revealing allocation formulas a performance incentive?
• Abstracts: RJR Nabisco securities: 1991 tax issues. New accountancy education requirements: tax issues

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.