Word: keizai
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...just stood there blankly," said a floor dealer. Another market watcher described it as a "bottomless swamp." The market edged upward on Friday as bargain hunters poured in, but a new era of wariness had clearly arrived. THE MARKET THAT WAS DREAMING A DREAM, blared a headline in Nihon Keizai Shimbun, a financial daily...
...uproar prompted the resignations of Hiromasa Ezoe, chairman of Recruit's parent company, and Ko Morita, president of the leading financial daily, Nihon Keizai Shimbun; who admitted that he too was a beneficiary. The biggest ; fallout for the L.D.P. could come later this summer in parliament, where Takeshita's proposal for tax reform is likely to face an emboldened opposition...
Verbal reaction followed the same down- and upbeat course. Nihon Keizai Shimbun, Tokyo's respected business daily, headlined an editorial VOLCKER'S RESIGNATION IS VERY REGRETTABLE. But Takeshi Ohta, deputy governor of Japan's central bank, said with evident satisfaction, "Mr. Greenspan is the best successor that the President could have chosen." British Chancellor of the Exchequer Nigel Lawson called Greenspan's appointment an "excellent choice." In the U.S., where Greenspan is much better known, most economic thinkers and money managers hailed the Fed newcomer -- once they had regretted Volcker's departure. Said Frederick Joseph, chief executive officer...
...most surprising sign of Japan's new hard times is the slump in the electronics industry. For the six months that ended Sept. 30, Toshiba's pretax profits plunged 80% from the same period in the previous year. At Fujitsu, Japan's top computermaker, profits fell 79%. Nihon Keizai Shimbun, Japan's leading business newspaper, last month reported that for the first time since 1975, Hitachi, Mitsubishi Electric and Fuji Electric planned temporary layoffs, shocking workers and managers in the industry. The companies denied the report, but rumors persist. Says Daisaku Kodama, an Osaka-based subcontractor for Matsushita Electric Industrial...
...Japanese newspaper field includes four other giants: Asahi Shimbun (circ. 12.1 million), which is Yomiuri's longtime rival; Mainichi (circ. 6.9 million); Sankei (circ. 3.1 million); and the business-oriented Nihon Keizai, or "Nikkei" (circ. 3 million). Though the 119 million Japanese are known as a TV-obsessed society, they buy 68 million copies of 125 daily newspapers, making them perhaps the world's most devoted newspaper readers...