Mumbai, India (CNN) – While Japan has a slowing economy and an aging population, India has just the opposite. That’s why the number of Japanese companies in India has doubled in the last two years.
Japanese businesses looking to expand are faced with problems at home, including a strong Yen, which makes exports expensive, and a weak economy, which means shrinking domestic demand. The result? Many Japanese businesses are looking to grow overseas, with India emerging as a favored destination.
Japanese companies are investing in various sectors of the Indian economy, such as automobiles, white goods and pharmaceuticals, and Japan has invested billions of dollars in the construction of an industrial corridor linking Mumbai with Delhi.
Hong Kong (CNN) – To paraphrase Claude Rains in “Casablanca,” reports from U.S. regulators suggest they are “Shocked! Shocked!” to learn Hollywood studios may be lining pockets in Beijing to get a foothold in the Middle Kingdom's theater market.
The U.S. Securities and Exchange Commission appears to be poking around whether Hollywood studios are buying their way into one of the world’s largest – and most tightly controlled – media market. The investigation, first reported by Reuters, says the SEC has sent inquiries to 20th Century Fox, Disney and DreamWorks Animation.
The investigation centers on bribes to Chinese official to get the right to film and show studio movies in China, according to Reuters, the New York Times and the L.A. Times – all citing anonymous sources. The news comes just two months after China’s Vice-President Xi Jinping – who is widely expected to succeed Hu Jintao as president of China in 2013 – wrapped up a week-long trip to the U.S. with a Los Angeles visit that included a $2 billion deal between two Chinese firms and Dreamworks Animation.
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