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BUSINESS
September 26, 1996 | From Associated Press
In a move to reduce taxpayers' burden in an unpopular bailout of failed housing lenders, Japan's central bank said Wednesday that it will contribute about $910 million to a new fund to help dispose of the bad loans. The government earlier had set aside about $6.2 billion in taxpayers' money to help clean up the debt problems of seven housing lenders. Proceeds from the new fund are intended to replace some of the taxpayer funds. Private banks have agreed to put up about $5.
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BUSINESS
September 26, 1996 | From Associated Press
In a move to reduce taxpayers' burden in an unpopular bailout of failed housing lenders, Japan's central bank said Wednesday that it will contribute about $910 million to a new fund to help dispose of the bad loans. The government earlier had set aside about $6.2 billion in taxpayers' money to help clean up the debt problems of seven housing lenders. Proceeds from the new fund are intended to replace some of the taxpayer funds. Private banks have agreed to put up about $5.
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NEWS
May 2, 1989 | From Reuters
A Lebanese businessman has topped the list of Japan's biggest taxpayers with a record income tax payment of $51.5 million. The tax was paid by Abdel Hadi Debs on the sale of a block of land in Tokyo last year, a government official said Monday.
NEWS
May 2, 1989 | From Reuters
A Lebanese businessman has topped the list of Japan's biggest taxpayers with a record income tax payment of $51.5 million. The tax was paid by Abdel Hadi Debs on the sale of a block of land in Tokyo last year, a government official said Monday.
BUSINESS
April 27, 1997
What's the mystery about high gasoline prices ("State's Drivers May See Lower Gasoline Prices Just Around the Corner," April 15)? The public has been ripped off again by the oil industry's selling Alaskan oil to Japan. American taxpayers were induced to support development of Alaskan oil with the understanding that it was to reduce dependence on foreign oil. Arco was the biggest developer of Alaskan oil and consequently able to keep state gas prices to a competitive level. The industry found that answer--get Japan to bid up the price and reduce supplies.
CALIFORNIA | LOCAL
March 17, 2001 | From Times Staff and Wire Services
Isao Okawa, president and chairman of Sega Corp., the third-biggest video game maker, died Friday of heart failure in a Tokyo hospital, Sega and its largest shareholder, CSK Corp., said in a statement. Okawa was 74. Okawa, also the founder and honorary chairman of CSK, a computer service provider, had been Sega's chairman since April 1984 and took on the added role of president last June. He also was chairman of Ascii Corp., Bellsystem 24 Inc., CSK Electronics Corp. and Nextcom KK.
NEWS
May 21, 1991 | SAM JAMESON, TIMES STAFF WRITER
One is the illegitimate son of a wealthy industrialist. The foundation of another's fortune was a long-ago U.S.-backed loan. A third is a notorious high-stakes gambler liable to risk millions of dollars in a day at the racetrack, while yet another furnishes his house in plastic. A capitalist who backed a revolution is on the list, as is a refugee from communism who is now devoting much of his energy to courting his giant Communist neighbors.
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