Word: nikko
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What does the future hold for the Black Eyed Peas? Nikko Carlson CHAPEL HILL...
Japan's banks have worked to reduce their shareholdings, but economists and bank analysts have mixed views on just how much exposure banks now have to stock price movement. Hironari Nozaki, a bank analyst at Nikko Citigroup, says that mega-banks should be stable even if the Topix plummets to 600 or the Nikkei 5,500. (they closed Monday at 746 and 7,162 respectively). "But," he says, "I don't want to imagine that situation...
...Patna, the capital of the state of Bihar, and hiring an SUV for $45 for a bumpy three-hour road trip or by taking a train to the Gaya, half an hour away. You won't find anything remotely like a luxury hotel in Bodh Gaya, but the Lotus Nikko (about $70 a night for a double room) is comfortable. Some monasteries also offer rooms to visitors...
...April, Japan's Big Three (Toyota, Honda and Nissan) led Asia's automakers to a record 37.5% share, according to market-research firm Autodata Corp. "The Japanese are moving into new segments [like hybrids and small SUVs], while the Americans are struggling to update their aging product lines," says Nikko Citigroup analyst Andrew Phillips. At the head of the pack: Nissan, with a 32% gain in sales compared with April 2004. --By Jim Frederick/Tokyo
...around the corner, wallets snap shut again. Part of the problem this time is that companies have been loath to share their record profits with employees. "Economic recovery started in early 2002, and worker income still has not risen," says Jeffrey Young, head of economic and market analysis at Nikko Citigroup in Tokyo. As a result, domestic spending in the third quarter edged up only...