Tuesday, March 27, 2007

Kansai News clips Mar.21-27

Finance
1. According to the mid-term management plan announced by the Osaka Security Exchange (OSE), it will shift its focus to derivatives such as the Nikkei Stock Index Future, and strengthen its transaction systems in order to assure security and reliability for OSE. The sales amount of stock derivatives in OSE is five times as much as that of the Tokyo Stock Exchange.
Real Estate and the Hanshin Hankyu Holdings
2. The Ministry of Land, Infrastructure and Transport announced the posted land prices of January 1, 2007. The posted land prices show the sharp rise of commercial land in the central Osaka. The prices of residential area rose for the first time in 16 years.
3. The Hanshin Hankyu Holdings decided to have Hankyu Railways and Hanshin Railways work together on housing development in the bayside Osaka.
4. The Hanshin Hankyu Holdings announced its midterm business plan. The company estimated the merger would bring 5.4 billion yen a year to the company.
Survey
5. The new opening of Large-scale retail stores decreases by 30% in fiscal 2006. Large-scale retail stores previously rushed to Kobe City because of relatively cheap open space in the city, but these stores now experience excessive competition.
6. The DI of January-March period in the Kansai region goes down for the first time in three quarters. However, the downturn is expected temporary.

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

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