Japan Prepares to Dip into Postal Savings, Insurance Funds
November 22, 2009
Ordinary JGB Issuance To Exceed Y140tln In FY10 | www.nni.nikkei.co.jp
Nikkei reports plans for the issuance of more than JPY 150 trillion in government bonds during Fiscal 2010, nearly 30% of GDP, including the rollover of JPY 100 trillion in existing debt plus new issuance of 44 trillion in JGBs and 10 trillion in Fiscal Investment and Loan Program (FILP) bonds. Actual issuance could easily exceed plans, however, due to declining tax revenues and blanket guarantees extended to troubled borrowers.
ISDA Determination on JAL Rehabilitation Not Welcome
November 19, 2009
Will JAL Be Required to Settle JPY100 Billion in Derivatives Contracts? | headlines.yahoo.co.jp
The Yomiuri Shinbun reports that the International Swaps and Derivatives Association (ISDA) may require Japan Airlines Corporation to settle JPY 100 billion in swaps and derivatives as a result of filing for creditor protection under ADR provisions of the Special Measure for Industrial Revitalization, raising the specter of potential retaliation by Japanese financial regulators.
Japan Consumer Finance Regulation Faces Final Hurdle
November 1, 2009
Govt May Backtrack On Tighter Moneylender Regulations | www.nni.nikkei.co.jp
A committee of policy makers assigned to the Financial Services Agency, Consumer Affairs Ministry and Ministry of Justice will convene this month to assess the impact of Revisions to the Money Lending Business Law on the consumer credit industry in Japan. The committee will either recommend to proceed with full implementation of interest rate harmonization and quantitative lending restrictions or propose new legislation to alleviate the burden on the industry.
JAL Downgraded on Transport Minister Comments
October 31, 2009
R&I Cuts JAL's Credit Rating 3 Notches On Turnaround Concerns | www.nni.nikkei.co.jp
Domestic rating agency R&I downgraded the corporate credit rating for Japan Airlines Corporation to CCC junk grade amid reports that Transport Minister Hon. Seiji Maehara may seek special legislation designating the company as "effectively bankrupt" in order to reduce pension payouts, underscoring the threat that unrealistic and inconsistent political directives pose to nation's flagship carrier.
JAL Rehabilitation Requires a Political Decision
October 28, 2009
MARKET SCRAMBLE: JAL Shareholders Get No Respect -- Again | www.nni.nikkei.co.jp
Transport Minister Hon. Seiji Maehara wasted no time stepping between troubled carrier Japan Airlines Corporation and its three main creditor megabanks, but the latest rehabilitation plan may require a major overhaul to address three main issues: personnel, pensions and profitability. A political decision must be made regarding which stakeholder group should enjoy the benefits of a massive injection of public funds.
October 24, 2009
Three solar companies set up units in Andhra | www.business-standard.com
There is lot of scope and room for expansion of power generation in India.Solar power will prove a boon for energy hungry population. There is an urgent need for more such projects.
October 23, 2009
In India, Property Stocks Act Like Tech | online.wsj.com
Customs and Practice define the rules of Real estate.Real estate is/has been real business since the Jurassic Age but Tech is recent.
DPJ Looks to Postal Savings, Insurance to Fill Gaps in Budget
October 21, 2009
New Japan Post Chief Faces Tightrope Act | www.nni.nikkei.co.jp
The appointment of Jiro Saito as Japan Post Holdings President indicates plans to draw on the Postal Savings and Insurance schemes to bridge ever widening budget gaps with Fiscal Investment and Loan Program (FILP) funds and massive JGB purchases, turning back the clock on fiscal and financial market reforms a decade or more.
Japan Post President to Resign as DPJ Rolls Back Privatization Reforms
October 19, 2009
Kamei: Japan Post boss on notice | search.japantimes.co.jp
The Yomiuri Shimbun reports the imminent resignation of Japan Post Holdings President Yoshifumi Nishikawa following his meeting yesterday with State Minister for Postal Services and Financial Affairs Hon. Shizuka Kamei.
JAL Rehabilitation May Require Massive Injection of Public Funds
October 19, 2009
JAL Task Force To Maintain, Expedite Draft Rehab Plan In October | www.nni.nikkei.co.jp
Nikkei reports that four main creditors of Japan Airlines Corporation (JAL) soundly rejected the latest rehabilitation plan crafted by top management of the now defunct Industrial Revitalization Corporation of Japan (IRCJ), suggesting the need for a massive injection of public funds in the JPY 500 billion to JPY 1 trillion range.
New FINRA Rule 2210-Simplification Whose Time Has Come
November 4, 2009
ADP Must Grow Three Major Markets for Continued Success
October 22, 2009
Battle for Dominance in Mortgage Fraud Analytics Space
October 17, 2009
All hands on deck, full steam ahead
September 7, 2009
Dollar destined to be second class currency in world's largest banana republic
September 1, 2009