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JAPANESE NEWSPAPER HIGHLIGHTS - OCT 1, 2003.

AsiaPulse News

| October 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, Oct 1 Asia Pulse - Highlights of today's newspapers:

NIKKEI NET

- Japanese managers grew more upbeat about business condidions in the three months to September, a key Bank of Japan survey showed Wednesday, with optimists outnumbering pessimists among large manufacturers for the first time in nearly three years.

- The U.S. dollar traded in the lower half of the 111 yen level in early Tokyo trading Wednesday, down slightly from its levels overnight in New York.

- All Nippon Airways Co. (9202), known as ANA, plans to reduce the salaries of all employees in the spring by about 5%, The Nihon Keizai Shimbun learned Tuesday.

- Mid-sized contractor Morimoto Corp. (1845) said Wednesday it has filed for court-led rehabilitation, leaving behind liabilities totaling Y215.3 billion.

- The reconstruction of Iraq will cost about 55 billion dollars over a four-year period starting in 2004, according to an estimate by the World Bank and the International Monetary Fund (IMF), The Nihon Keizai Shimbun learned Tuesday.

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Source: HighBeam Research, JAPANESE NEWSPAPER HIGHLIGHTS - OCT 1, 2003.

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