Japanese conglomerates are warming to Western-style management, despite government constraints, acco...
Japanese conglomerates are warming to Western-style management, despite government constraints, according to Natasha Chetwynd, director of Japanese equities at Britannic Asset Management. She is optimistic that restructuring within large conglomerates is on the rise and cites general trading company Itochu as an example. Its shares have risen 13.85% in yen terms for the year to 18 March 2002. She says: 'It has quadrupled its profits and halved its debts through focusing on high return business. It also sold non-core assets and some assets with large capital gains, such as software ...
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