Article: JAPANESE NEWSPAPER HIGHLIGHTS - MAY 28 2009.

TOKYO, May 28 Asia Pulse - Highlights of today's newspapers:

NIKKEI NET:

- Mitsubishi UFJ Financial Group Inc. (TSE:8306) said Thursday it has decided to set up a special purpose subsidiary in the Cayman Islands to issue yen-denominated, noncumulative, perpetual preferred securities.

- Aderans Holdings Co. (TSE:8170) shareholders on Thursday voted to accept the board of director candidates proposed by U.S. investment fund Steel Partners.

- Production at major Japanese automakers skidded year on year in April, but progress in inventory adjustments helped trim the margins of decline from the previous months' record plunges.

- ...

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