Search Details

Word: yamaichi (lookup in dictionary) (lookup stats)
Dates: during 1990-1999
Sort By: most recent first (reverse)


Usage:

...true inability of the Japanese to manage in a difficult situation," says ING Baring Furman Selz managing director Maryann Keller, who has studied Japanese industry for 30 years. Once unthinkable, the idea that foreigners might "save" Japanese companies is becoming commonplace. Witness Merrill Lynch and its absorption of Yamaichi Securities, or General Electric Capital Corp. and its $6.5 billion takeover of one of Japan's biggest leasing companies. Or Goodyear's bid to control Sumitomo Rubber Industries. If it is shameful to be acquired by foreigners, at least Nissan president Hanawa is far from alone...

Author: /time Magazine | Title: Nissan Calls For A Tow | 3/1/1999 | See Source »

...still unraveling tale of hidden loans and payoffs at Japan's financial institutions has tainted several top companies. Just last week, a former chairman of Daichi Kangyo Bank admitted that he regularly paid racketeers not to divulge embarrassing corporate information. Yamaichi Securities' Nozawa dissolved in a shower of presidential tears over $2 billion in bad loans the company could no longer hide...

Author: /time Magazine | Title: Ending The Culture Of Deceit | 1/26/1998 | See Source »

...crisis could move to Japan are very real. Those Asian nations are major consumers of goods from Japan, which is suffering from its own prolonged recession and instability caused by overextended financial institutions. Japan's vulnerability was brought home last week by the collapse of the 100-year-old Yamaichi Securities, that nation's largest business failure since the end of World...

Author: /time Magazine | Title: IMF TO THE RESCUE | 12/8/1997 | See Source »

...openly recognize problems. That's the vital first step toward fixing them. In Japan, last week's bank failure was the catharsis that investors wanted, and the market's swift approval is certain to encourage more bold acts. Indeed, the ink hadn't dried on this page when giant Yamaichi Securities said it too would liquidate--and regulators pledged cash to protect the firm's clients. Japan's financial system has some $500 billion of uncollectible debt--reminiscent of the savings-and-loan mess in the U.S. a decade ago. America's taxpayer-financed bailout was painful, costing more than...

Author: /time Magazine | Title: JAPAN: HITTING ROCK BOTTOM | 12/1/1997 | See Source »

...Take it to the Bank The collapse of Yamaichi nettles the Nikkei. But the long view is rosy...

Author: /time Magazine | Title: The Front Page | 11/25/1997 | See Source »

| 1 | 2 | 3 | Next