

Japan's construction shaky
Asia Times, June 14, 2005
Japan's four top general contractors enjoyed revenue growth for the April-December period, but six second-ranking companies are still struggling for survival and their need for greater debt renunciation is putting pressure on Japan's banking system as a whole and dragging down the speed of the nation's economic recovery.
The four largest general contractors combined had 11.8% more orders....
Among the four, Taisei Corp and Obayashi Corp have won large orders for engineering projects in foreign countries. Kajima Corp has been faring well in the field of urban redevelopment projects, selling two buildings it constructed in Tokyo to a Singapore state investment corporation. Shimizu Corp, which has strong business ties with electronics makers, raised its earnings...more...