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Minister resigns over remark TOKYO -- Japan's new trade minister resigned Saturday over a remark seen as insensitive to nuclear evacuees, dealing a blow to a government that took office just eight days ago in the hopes it could better tackle the daunting tsunami recovery. "A series of my remarks caused serious distrust among the people, especially the people of Fukushima," Yoshio Hachiro said at a news conference. "I seriously reflected on my remarks, and I made the decision to step down." Noda, Hachiro and other government ministers were visiting the Fukushima Dai-ichi nuclear power plant Thursday when Hachiro called the desolate evacuation zone around the plant "a town of death." Sweating heavily under intense questioning by reporters, Hachiro said the remarks "rubbed the feelings of...
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LONDON, August 11, 2011 /PRNewswire/ --
Business Monitor International (BMI) has released its latest special report, "Japan After The Quake: Resurgence Or Another Lost Decade?" examining the state of Japan's economy and exploring the risks and potential areas of outperformance across six industries covering retail, agribusiness, IT, automotives, commercial banking and power.
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WASHINGTON, May 23 /PRNewswire-USNewswire/ -- Today, the American Council of Life Insurers (ACLI) praised joint efforts by the U.S. and E.U. governments to resolve a long-standing disagreement with the Government of Japan over its preferential treatment of Japan Post Insurance, and again urged Japan to live up to its commitments under the General Agreement on Trade in Services (GATS).
Frank Keating, President and CEO of ACLI said, "We appreciate the unparalleled cooperation between the U.S. and E.U. governments to forcefully raise the international community's longstanding concerns over the preferential treatment for Japan Post Insurance. In particular, we would like to thank U.S. Ambassador to the WTO Michael Punke and the USTR team for their strong leadership of the recent joint U.S.-...
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THE SCENARIO WAS eerily familiar. A long real estate bubble that had expanded extra rapidly for the previous five years suddenly burst, and asset pric...
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OLDWICK, N.J. -- Japan Post Insurance Co. and Axa lead as the world's largest insurers, while U.S. insurers barely crack the top five, according to th...
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By Malcolm Foster
The Associated Press
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MISAKUBO, Japan - By many accounts, Japan has the best postal service in the world. At the most far-flung of its 24,700 post offices, such as in this mountain village, mail carriers make house calls to wrap packages, deliver cash and even arrange insurance.
Service is so quick and reliable that Japanese commonly use the mail to send fruit, fresh seaweed and cut flowers as gifts. Parcels are delivered three times a day.
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Japan Post is the world's largest insurer, according to AM Best's new ranking of the World's Largest Insurers based on total, non-banking assets at the end of 2008. Japan Post's more than $1 trillion in assets are all related to life products. Three of the top 20 insurers hail from Japan, but Continental Europe boasts nine players on the list, with three in France, two each in Germany and the Netherlands, and one each from Italy and Switzerland. The UK is home to three more of the top 20. Economic and political factors may lead to changes in the rankings. The Top 20 global insurance organizations ranked by AM Best Co, based on 2008 total non-banking assets include: 1. Japan Post Insurance Co Ltd, 2. Axa SA, 3. American International Group Inc, 4. Allianz Societas Europaea, 5. Assicurazi...
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Resounding success with a record number of buyer meetings
BOSTON -- Marking one year since the Great East Japan Earthquake and ensuing tsunami, the ...