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JAPANESE NEWSPAPER HIGHLIGHTS - DEC 1, 2003.
TOKYO, Dec 1 Asia Pulse - Highlights of today's newspapers:
NIKKEI NET
- Microsoft Co., the Japanese arm of U.S. software giant Microsoft Corp., will collaborate with Nihon Unisys Ltd. (8056) to construct banking systems based entirely on personal computer servers running the Windows operating system, The Nihon Keizai Shimbun learned Sunday.
- Despite the deaths of two Japanese diplomats near Tikrit, Iraq, the government remains committed to its planned deployment of Self-Defense Forces (SDF) to assist in that country's reconstruction.
- Prime Minister Junichiro Koizumi vowed on Sunday that Japan will not give in to terrorism after two Japanese diplomats were ambushed and killed in northern Iraq.
- The government will provide full guarantees to Ashikaga Bank's more than 80 billion yen in subordinated loans and subordinated bonds when the institution is placed under its control Monday, The Nihon Keizai Shimbun learned Sunday.
- The Bank of Japan is offering to buy Y1 trillion of discount bills Monday to inject liquidity into the money market and keep financial markets stable, the central bank said.
- BANK OF YOKOHAMA VETERAN LIKELY TO HEAD ASHIKAGA BANK.
- News wire article from: Asia Africa Intelligence Wire December 15, 2003 700+ words
...to head the nationalized Ashikaga Bank, The Nihon Keizai Shimbun learned on Friday. His...Insurance Corp., which holds Ashikaga Bank shares on behalf of the...new management team of Ashikaga Bank will consist of three members...
- JAPAN'S ASHIKAGA BANK TO CUT 300 JOBS, TRIM COSTS 30% BY FY05.
- News wire article from: Asia Africa Intelligence Wire February 6, 2004 700+ words
...Feb 6 Asia Pulse - Ashikaga Bank has worked out a new...fiscal 2005, The Nihon Keizai Shimbun learned Thursday...under state control, Ashikaga Bank compiled a rebuilding...taxpayers' burden, Ashikaga Bank will also employ stricter...
- JAPAN'S ASHIKAGA BANK MULLS NEW INVESTOR OPTIONS.
- News wire article from: Asia Africa Intelligence Wire January 14, 2004 700+ words
...Jan 14 Asia Pulse - Ashikaga Bank, which has been temporarily...interview with The Nihon Keizai Shimbun. The bank will...as late February, Ashikaga Bank will first work on...employee salaries, Ashikaga Bank will use Resona Group...
- JAPAN'S ASHIKAGA BANK AIMS TO CUT BAD-LOAN RATIO TO 8%.
- News wire article from: Asia Africa Intelligence Wire May 31, 2005 700+ words
...confidence that the bank -- which TOKYO, May 31 Asia Pulse - Ashikaga Bank will strive to cut its bad-loan ratio from 12.5 per...President Norito Ikeda in an interview Monday with The Nihon Keizai Shimbun. is currently under state control -- is on track to achieve...
- Japan Government Approves Takeover of Insolvent Ashikaga Bank.
- Newspaper article from: Kyodo News International (Tokyo, Japan) (via Knight-Ridder/Tribune Business News) November 30, 2003 700+ words
...night decided to nationalize insolvent Ashikaga Bank in what will be Japan's second bank...candidates to head the new management team. Ashikaga Bank will become the second Japanese bank...at a news conference. He added that Ashikaga Bank's capital adequacy ratio stood at...
- Japanese Government Completes Seizure of All Ashikaga Bank Shares.
- Newspaper article from: Kyodo News International (Tokyo, Japan) (via Knight-Ridder/Tribune Business News) December 1, 2003 700+ words
...procedures Monday to seize all shares in Ashikaga Bank, placing the insolvent regional lender...Law. Following the government step, Ashikaga Bank's stock became worthless. In addition...Council announced a plan to nationalize Ashikaga Bank in what is Japan's second bank rescue...
- Japanese government decides to nationalize insolvent Ashikaga Bank.
- News wire article from: Asia Africa Intelligence Wire November 29, 2003 700+ words
...night decided to nationalize insolvent Ashikaga Bank in what will be Japan's second bank...Prime Minister Junichiro Koizumi. Ashikaga Bank will become the second Japanese bank...fifth-largest lender by assets. Ashikaga Bank and Ashikaga Financial Group held an...
- Japan puts Ashikaga bank under state control.
- News wire article from: Europe Intelligence Wire December 3, 2003 700+ words
...Japan put insolvent regional lender Ashikaga Bank under state control while the Bank...system. The government seized all Ashikaga Bank shares, owned by holding firm Ashikaga...domestic operations. "We will hold Ashikaga Bank shares until we find buyers," the...
- Ashikaga Bank to Slash Workforce to 2,500 by March '06.
- News wire article from: Asia Africa Intelligence Wire February 5, 2004 700+ words
...Tokyo, Feb. 5 (Jiji Press)--Ashikaga Bank, a regional bank placed under temporary...with severe business environment, Ashikaga Bank will also cut salaries of its employees...assets of more than 5 trillion yen, Ashikaga Bank, based in Utsunomiya, Tochigi Prefecture...
- Ashikaga Bank Wants to Find Acquirer before Government Deposit Guarantee Ends.
- Newspaper article from: Knight Ridder/Tribune Business News January 13, 2004 700+ words
...TOKYO, Japan -- Recently nationalized Ashikaga Bank may seek to find an acquiring bank...ordinary deposits at a failed bank, Ashikaga Bank's new president indicated Tuesday...fairness in its business conditions, Ashikaga Bank will seek to find an acquirer by April...
Source: HighBeam Research, JAPANESE NEWSPAPER HIGHLIGHTS - DEC 1, 2003.