Japanese lawmakers to crack down on insider trading
News On Japan via Reuters -- Jul 14
A group of lawmakers from Japan's ruling Democratic Party will propose a revision of regulations to ban domestic pension funds from allocating public money to asset management companies involved in insider trading.
The party has set up a working group to look into measures to stamp out insider trading after a spate of scandals involving Japanese heavyweight brokers such as Nomura Securities and Daiwa Securities rocked investor confidence in the stock market and threatened to hamper corporate fund-raising.
Three asset managers -- Chuo Mitsui Asset Trust and Banking, Asuka Asset Management and Japan Advisory -- were found by regulators to have been involved in insider trading cases.
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 )
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)