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.

Source: Reuters



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 )
May 18 5-year-old boy's hand gets caught in shopping mall escalator
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 )
May 18 Woman stabbed by stalker despite asking police for help
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 )
May 18 70-year-old woman rescued from toilet after 3-day ordeal
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 )
May 18 Traditional dance performed at Nikko temple
A traditional dance was performed on Friday at an ancient temple in Nikko City, northeast of Tokyo. (NHK )
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 )
May 17 Bear shot dead after entering school in Ishikawa
A bear was shot dead after it wandered into a school in Kanazawa, Ishikawa Prefecture, on Thursday. (Japan Today )
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 )
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)
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 )