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November 22, 2024
 

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Mayumi Negishi
Japan Times
BUSINESS
Jun 27, 2003
AIG seeks 'organic' growth in insurance industry
The tortoise, and not the hare, is more comfortable in the climate of Japan's life insurance sector.
BUSINESS
Jun 26, 2003
Mizuho executives fail to placate shareholders
While leaders in other industries are incorporating changes to improve better shareholder participation in managerial decisions, the shareholders' meeting held Wednesday by Mizuho Financial Group, Inc. indicates change is slow to come to the banking sector.
BUSINESS
Jun 20, 2003
Resona still in dark over profit status
The new management team at Resona Holdings Inc. won't know until October whether the banking group will be able to turn a profit in the current business year, new Resona Holdings Chairman Eiji Hosoya said Thursday.
BUSINESS
Jun 13, 2003
Resona hints profit vow is unattainable
Resona Holdings Inc. may be unable to make it into the black this year as promised, the company's president admitted Thursday.
Japan Times
BUSINESS
Jun 12, 2003
Ex-Resona chief blames auditors
Had auditors informed banking group Resona Holdings Inc. by March of critical changes in auditing standards, next month's infusion of 1.96 trillion yen in public funds could have been avoided, former Resona Holdings President Yasuhisa Katsuta told the Diet on Wednesday.
BUSINESS
May 31, 2003
Life insurers' revenues, assets still spiraling down
Falling stock prices and sluggish demand left all the nation's major life insurance companies with reduced revenues and net assets in the year that ended on March 31, according to earnings reports released Friday.
Japan Times
BUSINESS
May 30, 2003
Is Resona the tip of the iceberg?
The whistle-blowing erupted a few days before May 17, the day Resona, the nation's fifth-largest banking group, announced its capital had tumbled below regulation levels.
Japan Times
BUSINESS
May 27, 2003
Banks remain in the red for second straight year
Japan's seven major banking groups stayed mired squarely in the red for the second year in a row, spending more than 5 trillion yen to dispose of bad loans and shouldering over 3 trillion yen in stock-related losses for the 12 months ended March, business results confirmed Monday.
BUSINESS
May 21, 2003
BOJ decides to pump more cash into system
The Bank of Japan decided Tuesday to pump still more money into the economy amid falling stock prices, a rising yen and the bailout of Resona Bank.
BUSINESS
May 20, 2003
Doublespeak dominates aftermath of Resona move
The government holds a financial crisis council, but says there is no crisis. It will inject 2 trillion yen into a bank and is expected to become its top stakeholder, but says this does not nationalize the bank.
Japan Times
BUSINESS
May 16, 2003
LDP ready to aid life insurers
The ruling coalition is ready to endorse a controversial draft bill that would allow troubled life insurance companies to reduce payouts promised to policyholders, the Liberal Democratic Party said Thursday.
BUSINESS
May 14, 2003
Yield cut proposal goes to LDP
The Financial Services Agency presented a draft bill Tuesday to the Liberal Democratic Party that would enable troubled life insurers to lower promised yields on insurance contracts.
BUSINESS
May 10, 2003
Sorting out the recent fuss over pension funds, share prices
Thought Tokyo stock prices could fall no further? Think again. Corporate pension managers are poised to sell between 2 trillion yen and 3 trillion yen worth of stocks in the coming months -- and think tanks estimate that figure could double.
BUSINESS
May 3, 2003
Ruthless foreigners given bad-news role
Japan's regional banks are turning to a tried and true method of conveying bad news: asking a foreign third-party to do it for them.
Japan Times
BUSINESS
May 2, 2003
Economic woes weigh on Fukui
The fragile economy makes worrying almost an official job responsibility for the governor of the Bank of Japan. Looking back on six weeks at the helm of the central bank, Gov. Toshihiko Fukui even worried about worrying.
BUSINESS
May 1, 2003
BOJ promises to keep economy flush
The Bank of Japan on Wednesday said it would force-feed the economy with money as needed, in a bid to wipe out even hints of a collapse in the financial system.
BUSINESS
Apr 26, 2003
Costs for bad loans climb 1.3 trillion yen
The Financial Services Agency reported Friday that the nation's 11 largest banks incurred additional bad loan disposal costs of 1.3 trillion yen for the 2002 business year, which ended in March.
BUSINESS
Apr 22, 2003
Central bank managers want ins and outs of ABCPs
Bank of Japan Gov. Toshihiko Fukui met a torrent of questions about the central bank's proposals to support banks' lending activities to small and midsize companies when he held his first meeting with branch managers Monday.
BUSINESS
Apr 19, 2003
Life insurer chief offers stock tip to BOJ
As the Bank of Japan delves into unconventional policies, it should consider buying bank stocks from life insurers and other large bank stakeholders, the chairman of the Life Insurance Association of Japan said Friday.
Japan Times
BUSINESS
Apr 18, 2003
Cerberus eyes Aozora for keeps
The Cerberus Group may hold on to a controlling stake in Aozora Bank for keeps in an effort to cement its position in Japan, according to James Danforth Quayle, an adviser for the U.S. investment fund and a member of Aozora Bank's board of directors.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

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