business

Steelmaking giant posts $3.9 bil first-half loss

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© 2012 AFP

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Steel making and other manufacturing would benefit from starting the Tohoku reconstruction.

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In a globally linked economy with 'hybride' personnages such as Monsieur Carlos Ghosn -- A French educated Brazilian with parents migrated from Beyroute. Japan Inc has by far been behind others in creating a pool of multi-cultural pool of talents.

Japan's examples : 'Olympus' & 'Sony' -- Window dressing Gaijin boss erected as facade whereas the inherent corporate culture including some malpractices retained among the Japanese management team Korea's example : Samsung Electronics -- As recent as 15 years ago, no one would take the 'risk' of buying a 'samsung' branded gadget. Today, the success seems obvious. Behind the scenes, a genuinely international team is at work

0 ( +0 / -0 )

@herefornow "So all the cross-holdings comes back to bite another Japanse company in the butt. Steel firms are supposed to produce steel and sell it for a profit, not be investing in stock. If they had spent those funds investing in new plants, they might not be having to close down the "money-losing" ones. The Japan Inc model is way broken and will drag the country down unless more folks like Carlos Ghosn come to the rescue"

Interesting viewpoint indeed -- Japan Inc ( Govt Administrative guidance closely linked to conglomerates ) Model, worked out fine the 70's ~ 90's, why this is broken now ?

0 ( +0 / -0 )

All these articles about Japanese major companies, seem to be excuses, everything negative, looking to blame something or other.Never looking closely at themselves to see, if just maybe , they themselves are the cause of the problem.

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The whopping shortfall for Nippon Steel and Sumitomo Metal Corp was largely linked to stock investment losses and the writedown of money-losing Japanese mills, it said.

So all the cross-holdings comes back to bite another Japanse company in the butt. Steel firms are supposed to produce steel and sell it for a profit, not be investing in stock. If they had spent those funds investing in new plants, they might not be having to close down the "money-losing" ones. The Japan Inc model is way broken and will drag the country down unless more folks like Carlos Ghosn come to the rescue.

0 ( +0 / -0 )

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