BUSINESSWEEK ONLINE : AUGUST 2, 1999 ISSUE
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INTERNATIONAL -- ASIAN BUSINESS

Japan Inc.: Lifting the Veil


1999*

COMPANIES MUST
Publish consolidated accounts, including all associates over which they have influence

EXPECTED PROBLEM
Kawasaki Steel's leasing unit may add $5 billion to parent's disclosed debts


2000*

COMPANIES MUST
Disclose the true market value of pension liabilities and whether they have shortfalls

EXPECTED PROBLEM
Nissan Motor may report $4.8 billion in underfunded pension liabilities


2000*

COMPANIES MUST
Value tradeable securities such as derivatives and equities at market prices, not historic cost

EXPECTED PROBLEM
Sharp faces estimated $33 million losses on portfolio investments


DATA: MINISTRY OF FINANCE, WARBURG DILLON READ, BUSINESS WEEK

*Fiscal years starting Apr. 1


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RELATED ITEMS
Japan's Financial Secrets Pour Out (int'l edition)

TABLE: Japan Inc.: Lifting the Veil



INTERACT
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