Nippon Goro Goro : Rumblings from Japan and, occasionally, other parts of NE Asia & the NW Pacific Ocean region.
Updated: 6/26/2006; 9:09:13 PM.

 

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2006.01.24



As expected, no agreement reached during talks today in Tokyo between USDA and Japanese officials on when there could be a resumption of beef exports from the United States to Japan.



2006.01.24     
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Tokyo Stock Exchange will allow Livedoor stock, bound for delisting, to trade less than two hours per day amid fears that the deluge of sell orders will crash the exchange's woefully inadequate computerized trading system.



2006.01.24     
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LDP Avoids Livedoor Executive (AP).

A weekly magazine ad featuring internet company Livedoor Co. President Takafumi Horie, shown at bottom right, hangs in a subway train in Tokyo Tuesday, Jan. 24, 2006. Horie, a brash, young entrepreneur, was arrested Monday for alleged securities law violations in a scandal that has caused a week of turmoil in Japan's stock market, where Horie had made his fortune. The Japanese on the ad reads: the end of his fate. (AP Photo/Katsumi Kasahara)Japanese governing party legislators scramble to distance themselves from Internet startup Livedoor's chief executive, arrested on suspicion of violating securities laws.





2006.01.24     
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Livedoor, struggling to maintain a shred of legitimacy, quickly names a new president to replace the jailed Takafumi Horie.



2006.01.24     
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Vocalist Kawamura marries Miss Japan 2002 (Mainichi Daily News).

Ryuichi Kawamura, former vocalist of the Japanese band Luna Sea has married Miss Japan 2002, Kumi Sano.


2006.01.24     
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USA urges ROK to join crackdown on DPRK. [AFP]

The United States urges South Korea to join a crackdown on alleged North Korean counterfeiting and money-laundering and to do more to counter weapons proliferation.



2006.01.24     
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Koizumi in hot seat after jailing of disgraced IT guru. [Radio Australia]

Reform of Japan's staid business community has suffered a major setback with the arrest and jailing of one of its high-profile new entrepreneurs. Internet tycoon Takafumi Horie denies misleading investors and inflating the shareprice of his company Livedoor. But the old guard of Japan's corporate world is hoping the country's financial regulators will make an example of the brash executive.


2006.01.24     
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Japan successfully launches disaster-monitoring satellite (AFP).

The H-2A rocket leaving the launching pad at Tanegashima Space Center. Japan launched the space programme's leading rocket for the first time in nearly a year, aiming to put into orbit a satellite that can monitor disasters and hunt for natural resources(AFP/Jiji Press)Japan has launched its space program's leading rocket for the first time in nearly a year, aiming to put into orbit a satellite that can monitor disasters and hunt for natural resources.




2006.01.24     
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Japanese Stocks Rebound, Dollar Higher (AP).

Japanese businessmen watch stock prices in downtown Tokyo Monday, Jan. 23, 2006. Japan's benchmark stock index fell more than 2 percent Monday as the market's unease continued over a criminal probe into Internet company Livedoor Co.  The Nikkei 225 lost 336.04 points, or 2.14 percent, to close at 15,360.65 points. (AP Photo/Katsumi Kasahara)Japan's benchmark stock index bounces back this morning after dropping more than two percent the previous session amid continuing fallout from Livedoor Shock.




2006.01.24     
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Japan successfully fires off an H-II rocket. Or so it seems.


Developing...



2006.01.24     
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Analysts: Japan Needs Securities Agency (AP).

Livedoor Co. President Takafumi Horie listens to a reporter's questions as he announces his candidacy for the Parliamentary elections at Japan's ruling Liberal Democratic Party headquarters in Tokyo on Aug. 19, 2005. Prosecutors interrogated Horie on Monday, Jan. 23, 2006 over allegations of securities fraud, public broadcaster NHK reported. Horie's Internet company, Livedoor Co., has been under investigation since last week over the allegations of violating security laws by providing false information to coverup losses. (AP Photo/Koji Sasahara)The arrest of Japan's most popular startup star  highlights what some see as an astounding weakness: The world's second largest economy has no independent body that regulates its stock market.


2006.01.24     
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Top U.S. State Department official gets a tongue-lashing in Tokyo over veal shipment.


2006.01.24     
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Japan-Livedoor Scandal (Washington Post).
Arrested CEO of internet group was once viewed as a  new breed of Japanese businessmen.

2006.01.24     
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Livedoor CEO Takafumi Horie and other company executives are spending the night in jail -- the first of perhaps 20 such nights, maybe more.


2006.01.24     
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Tokyo Stock Exchange sending Livedoor to bourse's purgatory ahead of likely de-listing.


2006.01.24     
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© Copyright 2006 The Taisho Cable & Wireless Company.



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