Sojitz to incur 16 bil. yen in appraisal losses on commodity trading

TOKYO, Japan - Sojitz Holdings Corp. President Hidetoshi Nishimura (L) tells a press conference on March 9 that the company expects to incur about 16 billion yen in appraisal losses possibly caused by a ''serious violation'' of an in-house rule on commodity futures transactions at trading house Sojitz Corp. The company said it will set up an ''investigation committee,'' inviting an outside lawyer to unravel the matter.

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