A News Escort For Tokyo Escorts.

The Olympus logo on its camera is seen in this illustrative photograph taken in Tokyo November 24, 2011. Credit: Reuters/Kim Kyung-Hoon
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“Essentially, everyone feels they are on death row. It does seem extremely strange to have the death-row cell inside the company,” said Nicholas Smith, head of Japanese equity strategy at CLSA in Tokyo.
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Olympus shares surged nearly 30 percent on the news, with investors betting the company’s clean-up efforts would help it to avoid a humiliating delisting from the Tokyo Stock Exchange, in turn helping to ensure it stayed on bidders’ radars.
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Rights issues are an unwieldy and rare in Japan and private equity firms are often viewed as foreign asset strippers.
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Sources told Reuters on Monday that the Tokyo Stock Exchange was likely to keep Olympus listed under a “security on alert” designation, which would effectively enable it to remain traded provided it showed steady improvement in its internal controls.

See the full article from “Reuters”

TOKYO (Reuters) – Michael Woodford, the ousted boss of Japan’s Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.
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How much it can raise may be limited by Tokyo Stock Exchange listing rules that require a company to seek either shareholder approval or an independent entity to bless an offering equal to more than 25 percent of outstanding shares. At the current stock price that would restrict it to 72 billion yen.
Woodford, who was a rare foreign CEO in Japan, has outlined his own ideas for Olympus to raise capital, through either private equity or a rights issue — but both are unlikely to win support from Japanese investors, Tokyo investment bankers say.
Rights issues are an unwieldy and rare form of raising capital in Japan, and domestic shareholders may flinch from selling part of Olympus to private equity firms which are often viewed in Japan as foreign asset strippers.

See the full article from “Malaysia Star”

TOKYO (Reuters) – Michael Woodford, the ousted boss of Japan’s Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.
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Woodford, who was a rare foreign CEO in Japan, has outlined his own ideas for Olympus to raise capital, through either private equity or a rights issue – but both are unlikely to win support from Japanese investors, Tokyo investment bankers say.
Rights issues are an unwieldy and rare form of raising capital in Japan, and domestic shareholders may flinch from selling part of Olympus to private equity firms which are often viewed in Japan as foreign asset strippers.
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(Additional reporting by Junko Fujita and Taiga Uranaka in TOKYO and Alexander Smith in LONDON; Editing by Mark Bendeich and Ian Geoghegan)

See the full article from “Huffington Post”

TOKYO (Reuters) – Michael Woodford, the ousted boss of Japan’s Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.
…
Woodford, who was a rare foreign CEO in Japan, has outlined his own ideas for Olympus to raise capital, through either private equity or a rights issue – but both are unlikely to win support from Japanese investors, Tokyo investment bankers say.
Rights issues are an unwieldy and rare form of raising capital in Japan, and domestic shareholders may flinch from selling part of Olympus to private equity firms which are often viewed in Japan as foreign asset strippers.
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(Additional reporting by Junko Fujita and Taiga Uranaka in TOKYO and Alexander Smith in LONDON; Editing by Mark Bendeich and Ian Geoghegan)

See the full article from “Yahoo!7 News”

Former Olympus CEO Michael Woodford waves from a car window as he leaves at a news conference at the Japan National Press Club in Tokyo December 15, 2011. Credit: Reuters/Issei Kato
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Woodford, who was a rare foreign CEO in Japan, has outlined his own ideas for Olympus to raise capital, through either private equity or a rights issue – but both are unlikely to win support from Japanese investors, Tokyo investment bankers say.
Rights issues are an unwieldy and rare form of raising capital in Japan, and domestic shareholders may flinch from selling part of Olympus to private equity firms which are often viewed in Japan as foreign asset strippers.
…
(Additional reporting by Junko Fujita and Taiga Uranaka in TOKYO and Alexander Smith in LONDON; Editing by Mark Bendeich and Ian Geoghegan)

See the full article from “Reuters India”

TOKYO (Reuters) – Michael Woodford, the ousted boss of Japan’s Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.
…
How much it can raise may be limited by Tokyo Stock Exchange listing rules that require a company to seek either shareholder approval or an independent entity to bless an offering equal to more than 25 percent of outstanding shares. At the current stock price that would restrict it to 72 billion yen.
Woodford, who was a rare foreign CEO in Japan, has outlined his own ideas for Olympus to raise capital, through either private equity or a rights issue – but both are unlikely to win support from Japanese investors, Tokyo investment bankers say.
Rights issues are an unwieldy and rare form of raising capital in Japan, and domestic shareholders may flinch from selling part of Olympus to private equity firms which are often viewed in Japan as foreign asset strippers.

See the full article from “Reuters UK”

TOKYO (Reuters) – Michael Woodford, the ousted boss of Japan’s Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.
…
How much it can raise may be limited by Tokyo Stock Exchange listing rules that require a company to seek either shareholder approval or an independent entity to bless an offering equal to more than 25 percent of outstanding shares. At the current stock price that would restrict it to 72 billion yen.
Woodford, who was a rare foreign CEO in Japan, has outlined his own ideas for Olympus to raise capital, through either private equity or a rights issue – but both are unlikely to win support from Japanese investors, Tokyo investment bankers say.
Rights issues are an unwieldy and rare form of raising capital in Japan, and domestic shareholders may flinch from selling part of Olympus to private equity firms which are often viewed in Japan as foreign asset strippers.

See the full article from “Reuters”

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Tokyo pimp busted for running home hooking service
TOKYO (TR) – Tokyo Metropolitan Police arrested a 35-year-old man for dispatching women from two apartments to supply sexual services to men, reports the Sankei Shimbun (Nov. 21).
Hiromasa Shishijima, residing in Fuchu City, was taken into custody for violating the Anti-Prostitution Law. “I started doing it to earn money,” the suspect is quoted by police.
According to investigators, Shishijima, who is employed independently in interior design, began his side business in December, 2009 from an apartment in Tachikawa. Utilizing mobile phone encounter sites, the suspect dispatched women from a standby pool of up to six to male customers introduced through mobile phone encounter sites.
Including a similar operation Shishijima operated from an apartment in Machida, the suspect collected 50 million yen in revenue, police said.

See the full article from “The Tokyo Reporter”

That is, until they moved on to unsettling art of their own. The final two rooms of “Edo Pop” consists of contemporary art that directly or indirectly references these Japanese woodblock prints. An exhibit like this is rather overwhelming, and so one must choose where one wishes to focus one’s attention; I chose the contemporary pieces. There is, as an example, a series of images by Yoshitomo Nara, who produces cartoonish, childlike images of big-eyed waif and smiling white dogs; he has a series of images here that seem to slyly parody ukuyo-e prints — his Mt. Fuji, for example, has a child skiing down it. He also offers a picture of a courtesan with a breast exposed, and she reveals all sorts of piercings. She carries a towel that reads “No fun,” which the curators opine might be a commentary on prostitution. I sincerely doubt it. Nara is at least as much influenced by punk rock as he is by anything else, and “No Fun” is the name of a Stooges song that just about every British punk band covered.

See the full article from “MinnPost.com (blog)”

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Tokyo man busted for employing teen in hooker service, customer list 1,500
TOKYO (TR) – Tokyo Metropolitan Police arrested three men responsible for a prostitution service after a teenage girl was revealed to be an employee, a violation of child welfare statutes, reports the Sankei Shimbun (Nov. 9).
Atsuo Yoshinari, 27, a resident of Nishi Shinjuku, Tokyo, and two others were taken into custody by officers from the youth affairs department for employing a 17-year-old girl to supply sexual services to a 41-year-old office worker in a hotel in Kita Ward in June.
According to police, between September and October last year, Yoshinori recruited more than 1,500 men via encounter Web sites to be customers for women under the age of 25. The rates were set at 20,000 yen per session. Revenues totaled 30 million yen.

See the full article from “The Tokyo Reporter”