Jun 29--PRNewswire/AsiaNetJAPANESE ECONOMIC POLICY UNVEILED... TOKYO: The Japanese Government today released its policy directions for macroeconomic management and structural economic reform to resurrect the Japanese economy.ECOMMERCE SUBSIDIARY CLAIMED... HONG KONG: Electronic payment processing technology provider, First Ecom Inc, has paid US$ 4.25 million for the remaining 50 per cent of shares it did not already own in First Ecommerce Data Services Limited, making it a wholly-owned subsidiary.BIOMEDICAL ALLIANCE... CINCINNATI: Clinical development for blood clot imaging technology will be the focus of a collaboration announced today between contract research company, Kendle International Inc, and Australian biomedical company, AGEN Biomedical Limited.STRATEGY TO RESTORE PROFITABILITY... HONG KONG: Vtech Holdings today released its annual results, together with its new strategy to restore profitability and rebuild value, stating "(the) 2001 financial year was undoubtedly the most one difficult VTech has faced since we began operations in 1976".JAPAN FINANCES INTERACTIVE MEDIA... NEW YORK: Centerseat Inc, the interactive media developer, today closed a $US 20 million round of financing from Japanese investors, including Sumitomo Corp, Matsushita Electric Industrial Co, Toppan Printing Co, and @Home Japan Co Ltd.STRATEGIC I.T OVERHAUL... PERTH: Western Australia's Curtin University today said it has chosen Sun Microsystems to upgrade its information technology infrastructure, across student, human resource, financial and library management systems.GLOBAL AD CAMPAIGN LAUNCHED... KANSAS CITY: Sprint, the Internet protocol communications company, has launched a 14-week global advertising campaign across European and Asian general press, business trade and online publications to promote the company's high-speed IP Network and data networking services.ONLINE HOSPITALITY... FREMONT: Global broadband infrastructure provider, ARESCOM Inc, said today that its broadband access product, Multi-Tenant Unit, has been chosen by Nicom Networks, to deliver online access to the hospitality marketplace.CHAIRMAN RETIRES... TOKYO: Japan's Internet services provider, Internet Initiative Japan, today announced the retirement of Mr Hiroyuki Fukase, Chairman of its Board of Directors since 1994. He will continue in an advisory capacity, the company said.AUTO SHOW DATE SET... DETROIT: The North American International Auto Show has confirmed the Cobo Centre in Detroit for the 2002 show that will feature 750 new concept and production vehicles.ASIA-PACIFIC NETWORK DRIVE... CARLSBAD: Storage network provider, Dot Hill Systems Corp, has opened a new Singapore facility to drive Asia-Pacific business, the company has said.ADVANCED BILLING SYSTEM UNVEILED... PROVO: An improved version of the NACT Telecommunications Inc's Network Telemanagement Billing/OSS System has been unveiled at Florida's Billing World Expo. (AsiaNet is a consortium of leading news agencies distributing unedited, translated press releases for worldwide clients. Contact: www.asianet.com.au for full-text versions).