FEBRUARY 1987

FINANCE

Japanese Securities Firms - The Richest of the Rich

Japanese Dominate International Underwriting

International Bank Lending, Japanese Strengthen Domination

Tokyo Stock Exchange to Top New York in 1987

Gold and Diamonds

Foreign Securities Firms

Banks Versus Securities Companies

Foreign Banks

Bank Finances

Japanese Banks Internationalize

Bank Regulation: Capital Ratios, Bank Affiliates, Real Estate

Bank Shares and Bonds

Undesirable Shareholders - Foreigners & Gangsters

Investment Advisors and Trust Banks, Shareholder Recording

Abolition of Tax Free Deposits

Financial Services Tax

Capital Gaiins Tax

Withholidng Tax

Divident Taxation

Securities Trading Transaction Tax

Gold Tax

Yen Denominated Bankers Acceptances Tax

Venture Businesses

Commercial Paper

Corporate Takeovers, Mergers & Acquisitions

Foreign Exchange

Foreign Shares

Over-the-Counter Market

The Tokyo Stock Exchange - Brokerage Commissions

Tokyo Offshore Market

Churning, Securities Fraud, Stock Manipulation

Disclosure, Financial Statements, Earnings Per Share

Deposit Deregulation

Postal Ministry - The Big Boy in Town

Japan Tops US in Bond Futures Trading

Stock Index Futures

Commodities Futures

Bond Revolution to Begin, Commercial Code Revision?

Samurai & Shogun Bonds

Euroyen Bonds

Private Placements, Shogun Bonds

Unsecured Bonds, Credit Ratings

Shelf Registration, Bond Issues, Share Issues

Warrant Bonds, Insurance Company Investors

Convertible Bonds, Pricing, Taxes Trading Commissions

Government Bonds - Foreign Banks, Foreign Brokers, Postal Savings System

Government Guaranteed Bonds

Fund Trusts, Share Trusts, Designated Monetary Trusts

Tokyo - The World's Credit Center, Zaitech

Finance Related Laws and Cabinet Orders

Short Term Financial Markets