Word: masafumi
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...Toyota recently warned that in its coming fiscal year it would suffer its first annual operating loss in the company's 70 years. The carmaker also plans to suspend production at all 12 of its Japanese factories for 11 days in February because consumers worldwide aren't buying. Masafumi Yamamoto, head of foreign-exchange strategy for Japan at Royal Bank of Scotland, says a 10% appreciation of the yen slashes the GDP growth rate by 0.3 to 0.4 percentage points...
...appreciation of the yen slashes Japan's GDP growth rate by 0.3% to 0.4% points, says Masafumi Yamamoto, head of foreign exchange strategy for Japan at Royal Bank of Scotland. "Yen appreciation is also causing the Nikkei [stock index] plunge," he says. And that's affecting the confidence of Japan's businesses. On Monday, figures of the Bank of Japan's tankan survey, a quarterly survey of business sentiment in Japan, fell to a seven-year low. The tankan figure showed the steepest quarter over quarter decline in 34 years. The economy is expected to decline 0.8% for the fiscal...
...prone to nodding off at concerts, we have the perfect event for you. On June 12, a group of topflight Japanese musicians - including violinist Iwao Furusawa, tenor Masafumi Akikawa and wispy-voiced female vocalist Aoi Teshima - will perform a series of works with the intention of sending the audience to sleep. The concert, to be held at the Tokyo International Forum, is a live rendition of music selected for a Japan Airlines in-flight audio relaxation channel. The pieces, which include Schubert's Ave Maria and a Mozart Divertimento, were tested by a physician specializing in sleeping disorders and compiled...
...capping the rising cost of food and fuel, which have both become concerns due to price inflation. But because dollar-based profits from overseas will drop, corporations could cut back on capital investment and employment, which will have a spillover effect on households. "The negatives outweigh the positives," says Masafumi Yamamoto, head of foreign exchange strategy for Japan at Royal Bank of Scotland...
...Masafumi J. Hoshino ’02, another organizer of the event, said marking the anniversary was particularly important this year in light of acts of violence and discrimination against minority groups in the wake of Sept...