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Novartis management replaced

TOKYO, Japan - David Epstein, president of Swiss pharmaceutical giant Novartis holds a press conference in Tokyo on April 3, 2014. The Japanese sales arm of the company, Novartis Pharma K.K., announced that its president, Yoshiyasu Ninomiya, and two other top executives have resigned to take responsibility for its employees' inappropriate involvement in a clinical study led by medical doctors.

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Novartis management replaced

TOKYO, Japan - Dirk Kosche, new president of Novartis Pharma K.K., speaks during a press conference in Tokyo on April 3, 2014. The Japanese sales arm of Swiss pharmaceutical giant Novartis announced that its president, Yoshiyasu Ninomiya, and two other top executives have resigned to take responsibility for its employees' inappropriate involvement in a clinical study led by medical doctors.

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Novartis management replaced

TOKYO, Japan - David Epstein (L), president of Swiss pharmaceutical giant Novartis speaks during a press conference in Tokyo on April 3, 2014. The Japanese sales arm of the company, Novartis Pharma K.K., announced that its president, Yoshiyasu Ninomiya, and two other top executives have resigned to take responsibility for its employees' inappropriate involvement in a clinical study led by medical doctors. At right is new Novartis Pharma K.K. President Dirk Kosche.

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Kyushu Electric managers to stay on

FUKUOKA, Japan - Kyushu Electric Power Co. President Toshio Manabe speaks during a press conference in Fukuoka on Oct. 14, 2011. The utility announced a three-month, 100-percent salary cut for Manabe and Chairman Shingo Matsuo over a scandal involving the company manipulating public opinion in favor of restarting reactors at its Genkai nuclear power plant in Saga Prefecture. The two top executives will remain in their posts.

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Gov't puts off further proposal over next BOJ chief

TOKYO, Japan - Prime Minister Yasuo Fukuda looks grim heading into a meeting of top executives of the ruling Liberal Democratic Party at the Diet on March 17, with two days remaining of Bank of Japan Governor Toshihiko Fukui's five-year term, as the government put off a plan to come up with a new nominee as Fukui's successor. The government had been scheduled to name an alternative on March 17 after the opposition, which controls the upper house, rejected its proposal to keep Fukui in the job. Appointment of top BOJ officials must be endorsed by both houses of parliament.

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Mizuho Securities, Shinko Securities to merge Jan. 1, 2008

TOKYO, Japan - The top executives of Mizuho Securities Co. and Shinko Securities Co., both affiliates of Mizuho Financial Group Inc., meet the press in Tokyo on Jan. 10 after the two companies announced they have reached a basic agreement to merge Jan. 1, 2008, to form Japan's third-largest brokerage house in terms of operating revenue. From L to R: Shinko Securities President Takashi Kusama, Mizuho Securities President Makoto Fukuda, and Mizuho Securities Vice President Keisuke Yokoo. Yokoo will be president of the new company, Kusama chairman, and Fukuda vice chairman.

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Shareholders seek 350 mil. yen damages from Seibu, Kokudo

TOKYO, Japan - Plaintiffs suing scandal-tainted Seibu Railway Co, its parent Kokudo Corp., and former top executives enter the Tokyo District Court building Feb. 1. A total of 211 individuals and two companies holding shares in Seibu Railway jointly sought more than 350 million yen in damages. The plaintiffs had purchased Seibu Railway shares before the company revealed its long-time practice of falsifying its financial statements.

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Nippon Meat says 2 execs involved in beef scam

TOKYO, Japan - Hiroji Okoso (C), president of Nippon Meat Packers Inc., says in Tokyo on Aug. 9 that two of its top executives were either directly involved in or aware of the subsidiary Nippon Food Inc.'s abuse of the state-run beef-buyback program. Okoso apologized for the fraud with Motoaki Shoji (L), senior managing director of Nippon Meat Packers, who also serves as director of Nippon Food Inc., and Heihachiro Azuma (R), vice president of Nippon Meat and president of the subsidiary.

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Cambodian, Chinese entrepreneurs explore business opportunities

STORY: Cambodian, Chinese entrepreneurs explore business opportunities DATELINE: May 19, 2022 LENGTH: 00:04:12 LOCATION: Phnom Penh CATEGORY: ECONOMY SHOTLIST: 1. various of 2022 Cambodia-China Trade and Investment Forum 2. various of Seang Thay speaking 3. various of Qian Keming speaking 4. various of the trade fair STORYLINE: The 2022 Cambodia-China Trade and Investment Forum was convened in a hybrid format on Wednesday, exploring ways to further boost business relations between the two countries. Held under the theme "Share Development Opportunities and Create Regional Prosperity," the half-day forum was attended by some 100 business executives in person and dozens of others via video link. Speaking at the event, Cambodian Ministry of Commerce's Secretary of State Seang Thay said China is the largest investor and top trading partner of Cambodia. The Southeast Asian country attracted fixed asset investment of 2.32 billion U.S. dollars from China in 2021, up 67 percent from 1.39 billion dol

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Shareholders seek 350 mil. yen damages from Seibu, Kokudo

TOKYO, Japan - Plaintiffs suing scandal-tainted Seibu Railway Co, its parent Kokudo Corp., and former top executives enter the Tokyo District Court building Feb. 1. A total of 211 individuals and two companies holding shares in Seibu Railway jointly sought more than 350 million yen in damages. The plaintiffs had purchased Seibu Railway shares before the company revealed its long-time practice of falsifying its financial statements. (Kyodo)

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Mizuho Securities, Shinko Securities to merge Jan. 1, 2008

TOKYO, Japan - The top executives of Mizuho Securities Co. and Shinko Securities Co., both affiliates of Mizuho Financial Group Inc., meet the press in Tokyo on Jan. 10 after the two companies announced they have reached a basic agreement to merge Jan. 1, 2008, to form Japan's third-largest brokerage house in terms of operating revenue. From L to R: Shinko Securities President Takashi Kusama, Mizuho Securities President Makoto Fukuda, and Mizuho Securities Vice President Keisuke Yokoo. Yokoo will be president of the new company, Kusama chairman, and Fukuda vice chairman. (Kyodo)

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Gov't puts off further proposal over next BOJ chief

TOKYO, Japan - Prime Minister Yasuo Fukuda looks grim heading into a meeting of top executives of the ruling Liberal Democratic Party at the Diet on March 17, with two days remaining of Bank of Japan Governor Toshihiko Fukui's five-year term, as the government put off a plan to come up with a new nominee as Fukui's successor. The government had been scheduled to name an alternative on March 17 after the opposition, which controls the upper house, rejected its proposal to keep Fukui in the job. Appointment of top BOJ officials must be endorsed by both houses of parliament. (Kyodo)

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Ex-LTCB execs get suspended terms over concealing bad loans

TOKYO, Japan - Katsunobu Onogi (R), former president of the failed Long-Term Credit Bank of Japan (LTCB) enters the Tokyo District Court building on Sept. 10 to hear a court ruling on him being charged with falsifying financial statements to conceal massive bad loans. Onogi was sentenced to three years in prison, suspended for four years. The other two former top executives were also sentenced to suspended prison terms. (Kyodo)

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Nippon Meat says 2 execs involved in beef scam

TOKYO, Japan - Hiroji Okoso (C), president of Nippon Meat Packers Inc., says in Tokyo on Aug. 9 that two of its top executives were either directly involved in or aware of the subsidiary Nippon Food Inc.'s abuse of the state-run beef-buyback program. Okoso apologized for the fraud with Motoaki Shoji (L), senior managing director of Nippon Meat Packers, who also serves as director of Nippon Food Inc., and Heihachiro Azuma (R), vice president of Nippon Meat and president of the subsidiary. (Kyodo)

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Kyushu Electric managers to stay on

FUKUOKA, Japan - Kyushu Electric Power Co. President Toshio Manabe speaks during a press conference in Fukuoka on Oct. 14, 2011. The utility announced a three-month, 100-percent salary cut for Manabe and Chairman Shingo Matsuo over a scandal involving the company manipulating public opinion in favor of restarting reactors at its Genkai nuclear power plant in Saga Prefecture. The two top executives will remain in their posts. (Kyodo)

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Japan, China businesses agree to cooperate on regional infrastructure

Hiroshige Seko, Japan's minister of economy, trade and industry, speaks in Tokyo on Dec. 5, 2017, during business dialogue co-hosted by the Japan Business Federation and the China Center for International Economic Exchanges. Top corporate executives and former senior government officials from the two nations agreed to cooperate in jointly developing infrastructure in third countries. (Kyodo) ==Kyodo

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Japanese, Chinese top corporate execs discuss ways of deepening ties

Top corporate executives and former government leaders from Japan and China gather at the Great Hall of the People in Beijing on Nov. 1, 2016, for their annual meeting to discuss ways of expanding economic ties. About 60 heads of major companies from the two countries, former Japanese Prime Minister Yasuo Fukuda and former Chinese Vice Premier Zeng Peiyan were among the attendees. (Kyodo) ==Kyodo

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Top court orders retrial of bank's window-dressing case

TOKYO, Japan - Shigeoki Togo, former president of the defunct Nippon Credit Bank, speaks to reporters in front of the Supreme Court in Tokyo on Dec. 7, 2009, after the top court scrapped the ruling by the Tokyo High Court that found Togo and two other former NCB executives guilty over alleged window dressing and sent the case back to the lower court for retrial. (Kyodo)

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Top court orders retrial of bank's window-dressing case

TOKYO, Japan - Shigeoki Togo, former president of the defunct Nippon Credit Bank, speaks to reporters in front of the Supreme Court in Tokyo on Dec. 7, 2009, after the top court scrapped the ruling by the Tokyo High Court that found Togo and two other former NCB executives guilty over alleged window dressing and sent the case back to the lower court for retrial. (Kyodo)