Ex-Morgan banker proposes steps to curb Japan insider acts
News On Japan via BusinessWeek -- Jun 15
Japan's ruling party will consider limiting the period for public stock offerings to four days to curtail share declines and discourage insider trading, said lawmaker and former Morgan Stanley banker Tsutomu Okubo.
A Democratic Party of Japan working group will discuss truncating the period from the announcement of sales to settlement of the deals from the current minimum 15 days, Okubo said in an interview. The panel, which meets for the first time tomorrow, was set up to examine ways to restore confidence in markets rocked by trading and accounting scandals.
Japanese regulators are investigating short selling by investors who used information leaked from underwriters including Nomura Holdings Inc. (8604) before stock offerings were announced. The benchmark Topix Index (TPX) has lost 16 percent since the securities watchdog revealed the first case on March 21.
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May 19
| Japan's child kidnapping problem |
|  Dozens of American children are abducted to Japan every year-not by strangers, but by parents after messy divorces. (thedailybeast.com  ) |
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May 18
| China cracks down on over-the-top anti-Japan dramas |
|  China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters ) |
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May 17
| Man kills 3 family members, then himself |
|  Police said Friday they have found four dead bodies in an apartment in Kashiwa, Chiba Prefecture, in what is believed to have been a family murder-suicide. (Japan Today ) |
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May 17
| Chinese tourists a bane for Japanese hookers |
|  Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter) |
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May 17
| 6 dead in freighter fire at Wakkanai |
|  Six sailors were found dead after a fire on a foreign freighter docked at a port in Hokkaido, northern Japan.
The sailors are presumed to be Russians. (NHK ) |
A 5-year-old boy sustained an injury at a shopping mall in Nagoya on Friday after his hand became trapped in an escalator. (Japan Today 
A 24-year-old woman was in a serious condition Friday after being stabbed by a man whom she reported to police for stalking her in Kurashiki, Okayama Prefecture. (Japan Today 
A 70-year-old woman has been rescued from a toilet in which she had been waiting for help for three days, Hiroshima police said Friday. (Japan Today 
A traditional dance was performed on Friday at an ancient temple in Nikko City, northeast of Tokyo. (NHK 
A bear was shot dead after it wandered into a school in Kanazawa, Ishikawa Prefecture, on Thursday. (Japan Today