Kyodo economic news summary -7-.
Japan Weekly Monitor, December, 2004
TOKYO, Dec. 24 Kyodo
---------- FSA to enforce order for companies to review financial statements
TOKYO - The Financial Services Agency said Friday it will strongly urge companies to respond to its orders to review financial statements and will conduct on-site inspections on those who refuse.
The agency has called on 4,543 publicly traded companies to check their financial statements for possible errors in the wake of a series of scandals involving Seibu Railway Co.
---------- Credit Saison to buy up to 34% stake in UC Card by March
TOKYO - Major Japanese credit card service provider Credit Saison Co. said Friday it will acquire a stake of up to 34 percent in UC Card Co., Mizuho Financial Group Inc.'s credit card unit, by...
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