MW-45 -- Cyclical vs Secular -- Not a Problem Until 2004

=====================================================================
J@pan Inc Magazine Presents:
M O N E Y W A T C H
Weekly Financial Commentary from Tokyo
=====================================================================

Issue No. 45
Thursday, September 25, 2003
Tokyo

========================= ADVERTISEMENT==============================
NOKIA Japan Co.,Ltd.

FINALLY THE NEW NOKIA 6650 ALLOWS YOU TO USE THE
SAME NUMBER IN JAPAN AND OVERSEAS*

MW-44 -- Investors Search for Latecomers to the Recovery

=====================================================================
J@pan Inc Magazine Presents:
M O N E Y W A T C H
Weekly Financial Commentary from Tokyo
=====================================================================

Issue No. 44
Tuesday, September 16, 2003
Tokyo

========================= ADVERTISEMENT==============================
NOKIA Japan Co.,Ltd.

FINALLY THE NEW NOKIA 6650 ALLOWS YOU TO USE THE
SAME NUMBER IN JAPAN AND OVERSEAS*

MW-43 -- Are Corporate Revitalization Plays a Short?

=====================================================================
J@pan Inc Magazine Presents:
M O N E Y W A T C H
Weekly Financial Commentary from Tokyo
=====================================================================

Issue No. 43
Tuesday, September 9, 2003
Tokyo

++ Viewpoint: Are Corporate Revitalization Plays a Short?

MW-42 -- Japan's "New" Seniors Drive Consumption

=====================================================================
J@pan Inc Magazine Presents:
M O N E Y W A T C H
Weekly Financial Commentary from Tokyo
=====================================================================

Issue No. 42
Tuesday, September 2, 2003
Tokyo

++ Viewpoint: Japan's "New" Seniors Drive Consumption

The Bottom Line
Top-Down: The rapid aging of Japan is a macro-economic
negative, but it will bring Japan's "gray panthers" to the
forefront.

MW-41 -- Japan's China Card

=====================================================================
J@pan Inc Magazine Presents:
M O N E Y W A T C H
Weekly Financial Commentary from Tokyo
=====================================================================

Issue No. 41
Tuesday, August 26, 2003
Tokyo

++ Viewpoint: Japan's China Card

MW-40 -- Five-Percent Yields in Japan?

=====================================================================
J@pan Inc Magazine Presents:
M O N E Y W A T C H
Weekly Financial Commentary from Tokyo
=====================================================================

Issue No. 40
Thursday, August 21, 2003
Tokyo

++ Viewpoint: Five-Percent Yields in Japan?

MW-39 -- Election Scenarios and the Banks

=====================================================================
J@pan Inc Magazine Presents:
M O N E Y W A T C H
Commentary on the week's music technology news
=====================================================================

Issue No. 39
Monday, August 11, 2003
Tokyo

++ Viewpoint: Election Scenarios and the Banks

MW-38 -- Jasdaq: Less of a Winner than You Think

=====================================================================
J@pan Inc Magazine Presents:
M O N E Y W A T C H
Commentary on the week's music technology news
=====================================================================

Issue No. 38
Wednesday, August 6, 2003
Tokyo

++ Viewpoint: Jasdaq: Less of a Winner than You Think

The Bottom Line:

Top-Down

MW-37 -- Dogs of the Nikkei

=====================================================================
J@pan Inc Magazine Presents:
M O N E Y W A T C H
Commentary on the week's music technology news
=====================================================================

Issue No. 37
Tuesday, July 29, 2003
Tokyo

++ Viewpoint: Dogs of the Nikkei

The Bottom Line:

MW-36 -- Do You Believe or Are You Just Greedy?

======================================================================
J@pan Inc Magazine Presents:
M O N E Y W A T C H
Weekly Financial Commentary from Tokyo
======================================================================

Issue No. 36
Tuesday, July 22, 2003
Tokyo

============================= EVENT ==================================
G-MAC's "BPM/BPO Forum 2003"
Date: July 23rd
Location: Aoyama Diamond Hall (Tokyo), Japan.

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