Posts Tagged ‘bailout’

Japanese government to give 100 billion yen bailout to Japan Airlines

An emergency loan from the Japanese government:

Loss-making Japan Airlines (JAL) could receive up to 100bn yen ($1bn; £635m) in state aid, say reports, on condition that the airline’s management improves.

Any loan would be made through state owned Development Bank of Japan (DBJ).

Looks like cutting CEO pay wasn’t enough to help them through their financial problems…

• Akihabara News – Gadgetry from Japan (Subscribe)
• dannychoo.com – Your portal to Japan (Subscribe)
• Kirainet.com – A geek in Japan (Subscribe)

Permanent residents to receive cash handouts from the government

Wondering about your share of the Japanese government’s huge economic stimulus package? It was previously unclear whether or not foreigners living in Japan would get any handouts as part of the package, but Mainichi is now reporting that foreigners holding permanent residency will receive cash from the government. It does not appear that tax paying foreigners on working visas or spouse visas will be included.

• Akihabara News – Gadgetry from Japan (Subscribe)
• dannychoo.com – Your portal to Japan (Subscribe)
• Kirainet.com – A geek in Japan (Subscribe)

US Senator wants Wall Street executives to deliver Japanese-style apologies

US Senator Chuck Grassley (R Iowa) has told the press that he wants Wall Street’s failed executives to deliver Japanese-style apologies to the American people:

“I’ve suggested it wouldn’t be a bad thing that the leadership of these institutions would take a Japanese-style approach to corporate governance, and I’m not talking about going out and committing suicide as some Japanese do in these circumstances, but I am talking about scenes I’ve seen on television where in belly-up corporations the CEOs go before the board of directors, before the public, before the stockholders and bow deeply and apologize for their mis-management. Something like that happening among Wall Street executives would go a long way toward satisfying my constituents and many Americans that help might be needed and would more gracefully be given by the taxpayers of this county.”

[via FG]

George Bush/Alien video on Japanese TV

The following clip of an old “no bailouts” speech by George W. Bush made it on to Japanese TV the other night because there is a strange object in the window behind the president: