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BUSINESS
July 6, 1992 | TOM PETRUNO
Elizabeth Allan should be one of the loneliest mutual fund managers in America. Instead, she's found that misery does indeed love company. Allan runs the Japan Fund, the oldest and largest American-based fund that invests exclusively in Japanese stocks. By now, the problems of Japan and its 2 1/2-year-old stock bear market are well-known to many U.S. investors.
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WORLD
November 29, 2002 | Mark Magnier, Times Staff Writer
TOKYO -- Japan ratcheted up the pressure Thursday on North Korea with passage of a bill granting financial support to Japanese citizens abducted by the communist regime. The bill, which applies only to those who have returned from the reclusive Stalinist state, was unanimously approved by the lower house of parliament, making it all but certain it will become law within days. Upper house approval is largely a formality.
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BUSINESS
February 17, 1992
Average total return, including dividends, in percent for periods ended Thursday, Feb. 13. TOP 10 Fund Type Notes 12 mos. Yr. to date Week Sherman, Dean Fund CA NL +18.28% +22.17% +5.98% MetLife SS Global Energy NR LL -15.94 +1.88 +4.10 Fidelity Select Energy Service NR LL -22.95 +1.61 +3.95 Schield Value G LL +8.42 +8.51 +3.87 Fidelity Select Savings & Loan FS LL +56.15 +16.20 +3.82 American Heritage Fund CA NL +98.24 +17.65 +3.45 Gintel Capital Appreciation CA NL +17.84 +11.79 +3.
NEWS
November 22, 1996 | Associated Press
Prime Minister Ryutaro Hashimoto and nine other Japanese politicians received a total of $685,000 in donations from groups linked to a bribery scandal, a national newspaper said Thursday. Without citing its sources, the Mainichi Shimbun said Hashimoto's two political organizations received $41,000 between 1990 and 1993 from the groups, which are linked to a nursing home developer who is accused of bribing Health Ministry officials.
BUSINESS
August 28, 1992 | TOM PETRUNO
Has Tokyo's bear market growled its last? Since the Japanese government announced a plan on Aug. 18 to bolster the nation's beleaguered stock and real estate markets, the Tokyo Stock Exchange's Nikkei index has rocketed 22.7%, from 14,309.40 to 17,555 by Thursday. In U.S. terms, an equivalent move in the Dow Jones industrial average would be 738 points from Thursday's close of 3,254.64. Heavy stuff. By midday today, the Nikkei rose another 74.06 points to 17,629.
BUSINESS
October 6, 1987
Data includes both equity and income funds. Data printed in Saturday's editions included only equity funds, as data for income funds was unavailable at press time. Figures include appreciation plus reinvested income and capital gains. QUARTER ENDED SEPT. 30, 1987 Top Performers Keystone Precious Metals +26.49% GT Japan Growth +25.39 IDS Precious Metals +24.56 USAA Gold +23.79 Shearson Lehman Prec Metals +23.62 Franklin Gold Fund +23.58 Van Eck Gold/Resources +23.
BUSINESS
June 22, 1992 | KATHY M. KRISTOF, TIMES STAFF WRITER
The past few years have been a nightmare for investors who plowed money into the Japanese stock market through a growing number of Asia-oriented mutual funds. Thanks to a slowing economy and disappointing corporate earnings, Japanese stocks have fallen steeply from their late-1989 peak. As a result, mutual fund investors have seen their shares decline an average of 25.5% the past year, according to Lipper Analytical Services in New York.
NEWS
March 7, 1991 | From Times Staff Writer
The upper house of Parliament gave final approval Wednesday to Japan's pledge of an additional $9 billion of assistance to the U.S.-led multinational forces in the Middle East. Approval of a supplemental budget and related bills needed to raise the funds marked an end to a two-year surge in support for the opposition Socialists. It also represented a significant erosion in the pacifist orientation of post-World War II Japanese diplomacy.
SPORTS
December 1, 1989 | From Times Wire Services
Angels pitcher Jim Abbott found time today to assist the Japanese agencies helping victims of the Oct. 17 earthquake in Northern California. Abbott, the Angels' rookie who was born without a right hand, arrived in Japan on Thursday to solicit money for the earthquake relief effort. In addition, Abbott raised almost $6,600 for the NHK Helping Hand Campaign in Japan and $25,500 for the organization worldwide. He gave out autographed baseballs to the first 200 people who made donations.
BUSINESS
May 9, 1985 | SAM JAMESON, Times Staff Writer
Preston Martin, vice chairman of the Federal Reserve Board, said Wednesday that an end to the flow of "tens of billions of dollars" in Japanese capital that finances American budget deficits would force higher interest rates in the United States. "It would put pressure on the Congress to take action so there wouldn't be so much of the budget to finance (with government bonds)," Martin told a group of reporters.
BUSINESS
August 28, 1992 | TOM PETRUNO
Has Tokyo's bear market growled its last? Since the Japanese government announced a plan on Aug. 18 to bolster the nation's beleaguered stock and real estate markets, the Tokyo Stock Exchange's Nikkei index has rocketed 22.7%, from 14,309.40 to 17,555 by Thursday. In U.S. terms, an equivalent move in the Dow Jones industrial average would be 738 points from Thursday's close of 3,254.64. Heavy stuff. By midday today, the Nikkei rose another 74.06 points to 17,629.
BUSINESS
July 6, 1992 | TOM PETRUNO
Elizabeth Allan should be one of the loneliest mutual fund managers in America. Instead, she's found that misery does indeed love company. Allan runs the Japan Fund, the oldest and largest American-based fund that invests exclusively in Japanese stocks. By now, the problems of Japan and its 2 1/2-year-old stock bear market are well-known to many U.S. investors.
BUSINESS
June 22, 1992 | KATHY M. KRISTOF, TIMES STAFF WRITER
The past few years have been a nightmare for investors who plowed money into the Japanese stock market through a growing number of Asia-oriented mutual funds. Thanks to a slowing economy and disappointing corporate earnings, Japanese stocks have fallen steeply from their late-1989 peak. As a result, mutual fund investors have seen their shares decline an average of 25.5% the past year, according to Lipper Analytical Services in New York.
BUSINESS
February 17, 1992
Average total return, including dividends, in percent for periods ended Thursday, Feb. 13. TOP 10 Fund Type Notes 12 mos. Yr. to date Week Sherman, Dean Fund CA NL +18.28% +22.17% +5.98% MetLife SS Global Energy NR LL -15.94 +1.88 +4.10 Fidelity Select Energy Service NR LL -22.95 +1.61 +3.95 Schield Value G LL +8.42 +8.51 +3.87 Fidelity Select Savings & Loan FS LL +56.15 +16.20 +3.82 American Heritage Fund CA NL +98.24 +17.65 +3.45 Gintel Capital Appreciation CA NL +17.84 +11.79 +3.
NEWS
March 7, 1991 | From Times Staff Writer
The upper house of Parliament gave final approval Wednesday to Japan's pledge of an additional $9 billion of assistance to the U.S.-led multinational forces in the Middle East. Approval of a supplemental budget and related bills needed to raise the funds marked an end to a two-year surge in support for the opposition Socialists. It also represented a significant erosion in the pacifist orientation of post-World War II Japanese diplomacy.
BUSINESS
January 31, 1991 | From Associated Press
Japan's government said today that it plans to fund its new pledge of $9 billion for multinational forces in the Persian Gulf with temporary increases in petroleum, cigarette and corporate taxes. Under the plan, short-term government bonds would be issued to collect the money quickly. These would be repaid with the higher taxes, to be levied only in the fiscal year beginning April 1, government spokesman Misoji Sakamoto said.
NEWS
November 22, 1996 | Associated Press
Prime Minister Ryutaro Hashimoto and nine other Japanese politicians received a total of $685,000 in donations from groups linked to a bribery scandal, a national newspaper said Thursday. Without citing its sources, the Mainichi Shimbun said Hashimoto's two political organizations received $41,000 between 1990 and 1993 from the groups, which are linked to a nursing home developer who is accused of bribing Health Ministry officials.
BUSINESS
January 31, 1991 | From Associated Press
Japan's government said today that it plans to fund its new pledge of $9 billion for multinational forces in the Persian Gulf with temporary increases in petroleum, cigarette and corporate taxes. Under the plan, short-term government bonds would be issued to collect the money quickly. These would be repaid with the higher taxes, to be levied only in the fiscal year beginning April 1, government spokesman Misoji Sakamoto said.
NEWS
September 14, 1990 | SAM JAMESON, TIMES STAFF WRITER
Japan today announced that it will give Turkey, Jordan and Egypt $2 billion in aid and add $1 billion to its support for U.S.-led multinational forces in the Middle East to bring the total for those forces to $2 billion. The increment in aid to the American-led forces was a clear response to mounting criticism of Japan in the U.S.
SPORTS
December 1, 1989 | From Times Wire Services
Angels pitcher Jim Abbott found time today to assist the Japanese agencies helping victims of the Oct. 17 earthquake in Northern California. Abbott, the Angels' rookie who was born without a right hand, arrived in Japan on Thursday to solicit money for the earthquake relief effort. In addition, Abbott raised almost $6,600 for the NHK Helping Hand Campaign in Japan and $25,500 for the organization worldwide. He gave out autographed baseballs to the first 200 people who made donations.
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