Fox Business - The Power to Prosper
Search Site

Prime Minister Naoto Kan

Analysis: Japan governance debate mute despite Olympus, for now

By Linda SiegJapanese media interest has been muted, regulators are mostly mum and many politicians seem unaware that anything is amiss.A scandal over questionable deals at Japan's Olympus Corp has so far generated little domestic heat in a country where critics say corporate governance is lax, but signs are emerging that the wall of indifference might crack.Olympus fired its British chief executive Michael Woodford on October 14, charging that he had failed to understand the 92-year-old firm's management style and Japanese culture.Woodford -- who joined the company in 1980 -- says he was sacked for questioning a massive advisory fee paid in a 2008 takeover as well as other deals."The implications for investor confidence in corporate governance in Japan are pretty severe," said Jamie Allen, secretary general of the Hong Kong-based Asian Corporate Governance Association."What would be positive is if Olympus fronted up ... and the regulators actually took some tough action. I think regul...

Read More

  1. BOJ boosts loans for growth sectors, affirms recovery

    By Leika KiharaTOKYO (Reuters) - The Bank of Japan on Tuesday kept monetary policy on hold but expanded a loan scheme targeting growth industries, keeping up efforts...

  2. Japan panel: need to double sales tax by 2015 for welfare

    By Stanley WhiteTOKYO (Reuters) - A Japanese government panel on Thursday recommended doubling the country's sales tax in stages over the next four years to help pay...

  3. BOJ's Nakamura upbeat on Japan recovery

    By Leika Kihara and Kaori KanekoNARA/TOKYO, Japan (Reuters) - Bank of Japan board member Seiji Nakamura said solid global growth will help Japan's recovery accelerat...

  4. Moody's Warns of Japan Downgrade

    Japan's economy offered more signs of recovery from the deadly March earthquake on Tuesday, but Moody's ratings agency warned both growth and government action may f...

  5. Japan recovery takes hold, but debt downgrade looms

    By Stanley White and Linda SiegTOKYO (Reuters) - Japan's economy offered more signs of recovery from the deadly March earthquake on Tuesday, but Moody's ratings agen...

  6. Moody's: No progress on Japan fiscal policy consensus

    TOKYO (Reuters) - Moody's Investors Service said on Tuesday it has seen no progress on a consensus between Japan's government and opposition on fiscal policy, sugges...

  7. Japan govt considering small 2nd extra budget: media

    TOKYO (Reuters) - Japan's government is considering compiling a second extra budget sized at less than 1 trillion yen ($12.4 billion) to secure funds for payouts to ...

  8. Japan officials deny asking for Tepco loan waiver

    TOKYO (Reuters) - Japanese officials denied on Sunday the government will ask banks to forgive loans to Tokyo Electric Power Co <9501.T> to help it cope with massive...

  9. Japan to unveil nuclear operator Tepco compensation scheme

    By Taiga UranakaTOKYO (Reuters) - Japan is expected to unveil a scheme on Thursday that includes a $62 billion fund injection to help Tokyo Electric Power <9501.T> c...

  10. Stock index futures rise along with commodities

    (Reuters) - Stock index futures pointed to a higher open on Wall Street on Monday , with futures for the S&P 500 up 0.4 percent, Dow Jones futures up 0.32 percent an...

  11. Japan Nuclear Plant to Close on Safety Concerns

    Japan's third biggest power operator on Monday agreed to shut a nuclear plant until it can be better defended against the type of massive tsunami which in March trig...

  12. BHP Billiton sees fragile global economy near-term

    MELBOURNE (Reuters) - Top global miner BHP Billiton <BHP.AX> sees the global economy remaining fragile in the near term and warned that economic growth could slow in...

  1. Japan PM picks relatively unknown finance minister

    By Leika Kihara and Yoko KubotaTOKYO (Reuters) - New Japanese Prime Minister Yoshihiko Noda picked a relatively lightweight lawmaker as finance minister on Friday, s...

  2. Japan signals readiness to intervene in currencies

    By Kaori Kaneko and Leika KiharaTOKYO (Reuters) - Japan will take decisive action against any speculative moves in the currency market, Finance Minister Yoshihiko No...

  3. Bank of Japan may ease monetary policy again

    By Leika KiharaTOKYO (Reuters) - The Bank of Japan will consider easing monetary policy further, possibly at an emergency meeting before next month's rate review, if...

  4. Analysis: Japan to rely more on timing than size in FX action

    By Leika KiharaTOKYO (Reuters) - Japan may lack the implicit approval of G7 nations to spend big in any future efforts to stem sharp yen rises and will have to rely ...

  5. Japan sharpens verbal warning vs yen spike

    By Leika KiharaTOKYO (Reuters) - Japan sharpened its warning to currency markets on Thursday in the wake of the yen's rise near record highs against the dollar, keep...

  6. Japan's Noda warns FX, power rates may drive firms abroad

    By Tetsushi Kajimoto and Yuko YoshikawaTOKYO (Reuters) - Japan must prevent currency rates and electricity costs from driving companies abroad after the March 11 ear...

  7. Japan More Optimistic on Economy, But Trade Disappoints

    The Japanese government upgraded its view of the economy's performance and outlook for the first time in four months on Monday, but disappointing export data showed ...

‹ Prev12345Next ›
Freebase CC-BY
Source: Prime Minister Naoto Kan on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL