Thursday, February 01, 2007

Kansai News clips Jan.23-Feb.1

1. Unusually warm winter has changed consumers’ behavior in the Kansai region. Sales of spring/summer goods such as spring apparel, salad greens, beer, and garden supplies are robust. Golf links and amusement parks have seen the increase of visitors this winter.
2. Although the number of new employees is increasing, it is very difficult to get a regular job in Kansai. This is because some big businesses moved out from this region and remaining firms prefer to hire temporary workers.
3. Izumiya, a grocery store chain, starts to charge for plastic shopping bags in both Kyoto and Osaka on trial.
4. The Osaka Security Exchange announced to list gold-linked and foreign stock-linked investment funds as early as this April.
5. Osaka Prefecture and City will organize a technology assembly for small and medium size businesses to publicize their new innovations.
6. Business performance from April to December
-All Listed Kansai security companies: drop of incomes and profits (Year on Year)
-JR West: 6% drop of current profits (YoY)
-Kansai Electric Power: 3% drop of current profits (YoY)
-Osaka Gas: 7 % increase of current profits (YoY)
7. The Kyoto Central Market announced to invest 3.7 billion Yen to establish a new process and distribution center.
8. The Mitsui Real Estate purchased a 10 billion Yen shopping center in the center of Kobe.

***All news articles are cut out from the Kansai pages of Nihon Keizai Shimbun.
***This is written for USCS.

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