Oji Paper Co., Ltd.
Oji Paper Co., Ltd. (TSE: 3861) was established in 1873 and reorganized in 1949. The company is Japan's largest manufacturer of papers, and produces a wide range of products from newsprint for mass circulation to consumer goods. Oji Paper is the largest land holder in Japan.
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Yesterday the Asian major bourses posted losses, driven by negative sentiment caused in large part by doubts over the financial rescue package in the US and profit-taking. The US President Barack Obama was sending Congress a budget that projects the government's deficit for this year will soar to US$1.75 trillion, reflecting efforts to pull the nation out of a deep recession and a severe financial crisis.
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