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BUSINESS
January 4, 1999 | MARK MAGNIER, TIMES STAFF WRITER
Asian foreign-exchange dealers kicked off a new era today as trading opened in the euro, the currency policymakers hope will unify Europe's economy, banish economic malaise and give the almighty greenback a run for its money as the international currency of choice. The euro strengthened after it opened at around $1.1667 in early Asian trading, the level set Thursday by European finance ministers. During the first several hours, it remained in a relatively tight range of $1.1700 to $1.1835.
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BUSINESS
April 23, 2000 | MARK MAGNIER, TIMES STAFF WRITER
Yoshio Ishihara, 73, is suffering from a bad case of reverse sticker shock. For the last 10 years, the retiree has earned 6% interest on his postal savings, or about $600 a year. With his fixed-rate time deposit maturing, however, and Japan's interest rates approaching zero, renewing gives him a measly $20 a year on his $10,000 investment. Put another way, with the current transistor-size annual interest rate of two-tenths of a percent, it would take him 347 years to double his money.
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BUSINESS
January 22, 1991 | GEORGE WHITE, TIMES STAFF WRITER
Japanese investors' enthusiasm for U.S. real estate has fallen, but their interest in California property has remained relatively high, according to a survey released Monday. Of 90 Japanese companies responding, 42% said they expect to conduct fewer real estate transactions in 1991, according to a survey conducted in December by Mead Ventures, a business data research and publishing firm based in Phoenix.
BUSINESS
January 4, 1999 | MARK MAGNIER, TIMES STAFF WRITER
Asian foreign-exchange dealers kicked off a new era today as trading opened in the euro, the currency policymakers hope will unify Europe's economy, banish economic malaise and give the almighty greenback a run for its money as the international currency of choice. The euro strengthened after it opened at around $1.1667 in early Asian trading, the level set Thursday by European finance ministers. During the first several hours, it remained in a relatively tight range of $1.1700 to $1.1835.
BUSINESS
November 24, 1989 | From Reuters
Japanese investors are expected to buy a large stake in France's Forum des Halles shopping center, a thriving new complex that is as much a part of the Paris cityscape as the Japanese-owned Rockefeller Center is to New York's skyline. France's Credit Lyonnais bank is about to clinch a deal to sell Nippon Life Insurance Co. nearly a third of the shopping center for $68 million, bank sources said today. In Tokyo, a Nippon spokesman declined to comment on reports of the deal.
NEWS
May 26, 1998 | VALERIE REITMAN, TIMES STAFF WRITER
Kikuko Uemura, a 31-year-old office manager, was sick of earning a paltry 0.25% interest on her savings--meaning that $20,000 socked away in a bank account delivered a mere $50 a year, enough for a moderate sushi dinner for one. The swooning Japanese stock market offered little alternative appeal, with the Nikkei index worth less than half its 1989 high. Disgusted, Uemura looked for better-performing foreign alternatives for her money. First, she put $20,000 into U.S.
BUSINESS
February 28, 1990 | TERESA WATANABE and NANCY YOSHIHARA, TIMES STAFF WRITERS
At Meiko Securities in the Shinbashi district of central Tokyo, a dozen men on Tuesday silently watched a bank of 12 television monitors flashing the latest stock prices. Others, smoking cigarettes, punched up stock quotes from two computers in the lounge. But Mitsuru Tanaka, a 30-year-old rice dealer, belied the calm atmosphere.
BUSINESS
October 23, 1990 | From Associated Press
Walt Disney Co. said today it formed a film production financing partnership worth at least $600 million, backed largely by Japanese investors. For five years, Disney has limited its filmmaking risk--along with its potential profits--by raising about $1 billion through limited partnerships with mainly U.S. investors. The last of those, Silver Screen IV, will conclude as planned, Disney said.
BUSINESS
March 28, 1991 | JUBE SHIVER Jr., TIMES STAFF WRITER
Los Angeles has surpassed New York as the top American city for Japanese real estate investment, with the Big Apple's skyscrapers losing favor to residential and resort properties in the western United States, according to a study released Wednesday. The $13.06 billion in U.S. real estate purchased by Japanese investors last year was 12% less than the $14.77 billion acquired in 1989, according to the study by the accounting firm Kenneth Leventhal & Co.
BUSINESS
June 19, 1998 | SONNI EFRON, TIMES STAFF WRITER
Hope struggled with skepticism here Thursday as Prime Minister Ryutaro Hashimoto vowed to take "drastic" measures to revive Japan's economy and purge its festering bad debts. But wary investors wondered whether a government they see as dithering and ineffectual will deliver on its latest promises. The Japanese stock market soared 4.4% and the yen rose to 136.7 to the dollar following the U.S. announcement Wednesday that it had intervened to stop the freefall of the Japanese currency.
BUSINESS
June 19, 1998 | SONNI EFRON, TIMES STAFF WRITER
Hope struggled with skepticism here Thursday as Prime Minister Ryutaro Hashimoto vowed to take "drastic" measures to revive Japan's economy and purge its festering bad debts. But wary investors wondered whether a government they see as dithering and ineffectual will deliver on its latest promises. The Japanese stock market soared 4.4% and the yen rose to 136.7 to the dollar following the U.S. announcement Wednesday that it had intervened to stop the freefall of the Japanese currency.
NEWS
May 26, 1998 | VALERIE REITMAN, TIMES STAFF WRITER
Kikuko Uemura, a 31-year-old office manager, was sick of earning a paltry 0.25% interest on her savings--meaning that $20,000 socked away in a bank account delivered a mere $50 a year, enough for a moderate sushi dinner for one. The swooning Japanese stock market offered little alternative appeal, with the Nikkei index worth less than half its 1989 high. Disgusted, Uemura looked for better-performing foreign alternatives for her money. First, she put $20,000 into U.S.
BUSINESS
October 17, 1997 | From Times Wire Services
The Dow Jones industrial average slid nearly 120 points Thursday as fears of a trade war with Japan added to growing skepticism about future company profits. The Dow Jones industrial average fell 119.10 points, or nearly 1.5%, to 7,938.88, swinging from an early 55-point gain to a 161-point loss before recovering a bit. Bonds ended barely changed as the trade dispute eroded gains made earlier on mild economic data. The yield on the Treasury's key 30-year bond was unchanged at 6.39%.
BUSINESS
March 6, 1995 | DAVID HOLLEY, TIMES STAFF WRITER
Investors' worries about the Barings bank scandal may have eased a bit for the moment here, but there remain plenty of other reasons why the key Tokyo stock index--despite a recovery in Japan's economy--has fallen to a 15-month low. Consider the fall of the dollar, which in early Asian trading today hit another post-World War II low against the yen, an ongoing blow to Japan's all-important exporters.
NEWS
June 15, 1993 | LESLIE HELM, TIMES STAFF WRITER
When Shunichiro Aoki first moved to Beijing in 1979 to represent Matsushita Electric Industrial Co., he ran a one-man operation out of his home. Now he is in charge of a sprawling television picture tube factory near Beijing with 2,000 employees. The consumer electronics giant recently announced plans to build new factories to manufacture air conditioners and compressors as well as sophisticated VCR components.
BUSINESS
March 28, 1991 | JUBE SHIVER Jr., TIMES STAFF WRITER
Los Angeles has surpassed New York as the top American city for Japanese real estate investment, with the Big Apple's skyscrapers losing favor to residential and resort properties in the western United States, according to a study released Wednesday. The $13.06 billion in U.S. real estate purchased by Japanese investors last year was 12% less than the $14.77 billion acquired in 1989, according to the study by the accounting firm Kenneth Leventhal & Co.
BUSINESS
March 6, 1995 | DAVID HOLLEY, TIMES STAFF WRITER
Investors' worries about the Barings bank scandal may have eased a bit for the moment here, but there remain plenty of other reasons why the key Tokyo stock index--despite a recovery in Japan's economy--has fallen to a 15-month low. Consider the fall of the dollar, which in early Asian trading today hit another post-World War II low against the yen, an ongoing blow to Japan's all-important exporters.
BUSINESS
April 23, 2000 | MARK MAGNIER, TIMES STAFF WRITER
Yoshio Ishihara, 73, is suffering from a bad case of reverse sticker shock. For the last 10 years, the retiree has earned 6% interest on his postal savings, or about $600 a year. With his fixed-rate time deposit maturing, however, and Japan's interest rates approaching zero, renewing gives him a measly $20 a year on his $10,000 investment. Put another way, with the current transistor-size annual interest rate of two-tenths of a percent, it would take him 347 years to double his money.
BUSINESS
January 22, 1991 | GEORGE WHITE, TIMES STAFF WRITER
Japanese investors' enthusiasm for U.S. real estate has fallen, but their interest in California property has remained relatively high, according to a survey released Monday. Of 90 Japanese companies responding, 42% said they expect to conduct fewer real estate transactions in 1991, according to a survey conducted in December by Mead Ventures, a business data research and publishing firm based in Phoenix.
BUSINESS
October 23, 1990 | From Associated Press
Walt Disney Co. said today it formed a film production financing partnership worth at least $600 million, backed largely by Japanese investors. For five years, Disney has limited its filmmaking risk--along with its potential profits--by raising about $1 billion through limited partnerships with mainly U.S. investors. The last of those, Silver Screen IV, will conclude as planned, Disney said.
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