Cara heads into IPO with solid turnaround, short track record + MORE Feb 18th

TOKYO – Japan’s central bank ended a board meeting with no change to its ultra-loose monetary policy while pointing to signs of improvement in the economy.
The Bank of Japan noted that lower energy costs due to the plunge in crude prices will slow progress toward its inflation target of 2 per cent.
But it cited a recovery in exports and increased corporate investment as evidence that the world’s third-largest economy is in a “moderate recovery trend.” Japan exited a recession in the last quarter of 2014.
The bank said housing investment, a recent weak point, is beginning to bottom out.
The BOJ is injecting tens of trillions of yen (hundreds of billions of dollars) into the economy each year to encourage business investment and push prices higher, in turn weakening Japan’s currency.
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Privately-held Cara Operations Ltd, the company behind Canadian restaurant staples Swiss Chalet and burger chain Harvey’s, is looking to go public again as it aims to capitalize on the recent string of blockbuster restaurant IPOs.

Early restructuring results are promising, but they aren’t conclusive

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TOKYO – Japanese fashion empire Fast Retailing Co. says it will expand monitoring of its suppliers following complaints over labour violations and other problems.
Yukihiro Nitta, who is in charge of corporate social responsibility at the fashion giant, said Wednesday the company’s oversight would extend to the fabric manufacturers who supply the garment companies that make clothes for Fast Retailing.
The company plans to have a pilot program involving 30 per cent of the fabrics used in Uniqlo clothing in place by the end of March, and to expand it to all of its textile suppliers by March 2016.
Tadashi Yanai, the founder of Fast Retailing, is reported to be the richest man in Japan, with wealth estimated by business magazine Forbes at $17.8 billion as of April 2014. He has parlayed the men’s clothing store his father started in a western Japanese mining town into a global garment empire employing more than 30,400 workers.
But the company’s low-cost, high fashion production model faces is challenged by rising wages in China, obliging it to operate in lower-cost countries such as Cambodia and Bangladesh, where managing conditions at factories could prove more daunting…