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Japan's mega-banks bracing for huge losses

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Taking up herewith Japanese Business Trend News by Media.
Japanese Business Situation might be understood by these News.
Japan's mega-banks bracing for huge losses
Apr 24, 2009 by The Australian

Nomura Holdings, the big Japanese securities house now trying to grow into a major international investment bank, is expected to declare a net loss around Y700billion ($10.06billion) for the March 31 fiscal year. Starting today with Nomura, Japanese financial houses will become the first in the world to unveil the full-year consequences of the post-Lehman Brothers meltdown -- and the picture could be even uglier than anticipated.

Ibaraki airport not winning over airlines
Apr 24, 2009 by Japan Times

With just a year left until Ibaraki airport opens, South Korea's Asiana Airlines is the only carrier so far that has decided to fly into the airport. The Ibaraki Prefectural Government is advertising the airport, scheduled to open next March, as the third in the Tokyo metropolitan area after Haneda and Narita.

After Tokyo, the Michelin Guide heads to Kansai
Apr 24, 2009 by Japan Times

Speaking last week about Michelin's decision to release its Kyoto/Osaka dining guide this October, Jean-Luc Naret punctuates his sentences with the practiced smile of a man who has worked in the hospitality industry for a long time. If sales of the Tokyo Michelin Guide are anything to go by, there's a lot to smile about.

Alcohol-free brew surprise hit in beer-loving Japan 
Apr 23, 2009 by Reuters
Japanese thirsting for a beer, but not the buzz, are quaffing an alcohol-free brew that is a first in a country with a strong drinking tradition. There are many beers on the market from all over the world that are labeled as non-alcoholic, but brewer Kirin Holdings, which makes "Kirin Free," claims its brew is the only one with 0.00 percent alcohol.

Mizuho Financial post 5.9-bln-dlr loss 
Apr 23, 2009 by AFP
Japan's second-largest bank Mizuho Financial Group said Thursday it suffered an estimated net loss of 580 billion yen (5.9 billion dollars) in the past financial year to March.

Japan's Pioneer seeks Honda's help, says official
Apr 23, 2009 by AFP

Japan's Pioneer has asked Honda Motor for financial support, a spokesman said Thursday amid reports that the automaker is poised to take an equity stake in the struggling electronics firm.

Nomura to log $7 billion net loss
Apr 23, 2009 by AFP

Japan's top brokerage firm Nomura Holdings Inc. is likely to log a record net loss of 700 billion yen, or 7.1 billion dollars, in the year to March, a report said Thursday. The loss stemmed partly from evaluation losses on commercial real estate, loans and shareholdings, as well as write-downs on inventories of securities for sale to investors, the daily Nikkei said.

Kirin Offers to Buy Lion Nathan as Japan Sales Fall
Apr 23, 2009 by Bloomberg
Kirin Holdings Co., Japan?s largest beverage maker, offered to buy the 54 percent of Lion Nathan Ltd. it doesn?t already own, accelerating its push into Australia to counter falling beer sales at home.

Japanese car sales slump
Apr 23, 2009 by VOA News

In spite of some signs the recession in Japan could be easing, the important export market is down nearly 46 percent, compared to a year ago. At the center of the downturn, are Japan's car manufacturers - heavily dependent on foreign markets. It is not only a lack of demand from abroad that has hurt these companies, but growing disinterest in car ownership at home, too.

MTV Japan launches streaming video service
Apr 23, 2009 by Worldscreen Com

MTV Networks Japan has added video streaming functionality to its website, delivering free access to a host of music video clips, as well as shows from the MTV Networks International content library.

London toasts sake-tasting on grand scale 
Apr 23, 2009 by Japan Times

One of the largest-ever overseas sake-tasting events was held Tuesday in London to promote consumption of the drink in Europe. The event was held as part of International Wine Challenge, one of the world's largest wine-tasting events. A "Champion Sake" will be announced Sept. 2 after screening by 29 sake and wine experts.

Toyota managers face 60% summer bonus cut
Apr 23, 2009 by Japan Times

Toyota Motor Corp. said Wednesday it will cut the summer bonuses of managers in Japan by 60 percent from the previous year as it braces to report its first loss in almost six decades.

Airline bookings surge for holidays
Apr 23, 2009 by Japan Times
Eleven airlines have reported increased reservations for the Golden Week holidays, up 8 percent for international flights and 1 percent for domestic flights from the previous year.
We Don't Need No Stinkin' Summer Games Over Here: William Pesek
Apr 22, 2009 by Bloomberg

Tokyo is flush with Olympic fever. That's at least what Governor Shintaro Ishihara wants the International Olympic Committee to believe as Tokyo bids for the 2016 games. Count me among those who are less than enthused about welcoming the five-ring circus that is the summer games. Really, guys, please do Tokyo a favor and award the event to Chicago, Madrid or Rio de Janeiro.
By J.S. in Apr., 2009



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