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JAPAN
Mar 5, 2003

Recruit trials finally come to end

Hiromasa Ezoe was found guilty Tuesday for his role in the Recruit scandal, which shook Japan's political, bureaucratic and business circles in the late 1980s, making him the last of the 12 charged in the case to be sentenced.
Japan Times
JAPAN
Mar 5, 2003

Recruit exec gets suspended term in bribes scandal dating from '80s

The Tokyo District Court, ruling on a 15-year-old bribery scandal that led to the downfall of a prime minister and touched deep into the bureaucracy, gave a suspended sentence Tuesday to Hiromasa Ezoe, founder and former chairman of information conglomerate Recruit Co.
BUSINESS
Feb 22, 2003

Asahi group's pretax profit sinks 5.1% on weak sales

Asahi Breweries Ltd. said Friday its group pretax profit for the business year to Dec. 31 fell 5.1 percent from the previous year to 57.55 billion yen due to weak sales.
BUSINESS
Feb 18, 2003

Failures down in January but liabilities rose

The number of corporate bankruptcies fell 11.4 percent in January from a year earlier, but liabilities left behind rose 14.2 percent to 1.22 trillion yen, the largest January figure in the postwar period, Teikoku Databank Ltd. said Monday.
Japan Times
BUSINESS
Feb 18, 2003

Income tax season gets under way

The period for filing income tax began Monday with 524 local tax offices accepting returns for 2002.
BUSINESS
Feb 14, 2003

Tokyo new condo supply slips 2.8%

The number of new condominiums put on sale in the Tokyo metropolitan area in January fell 2.8 percent from a year before to 3,327 units, the Real Estate Economic Institute said Thursday.
JAPAN
Feb 14, 2003

Osaka unveils slimmer draft budget

OSAKA -- The city of Osaka unveiled on Thursday a belt-tightening 1.78 trillion yen draft budget for fiscal 2003 featuring cuts in subsidies, public projects and personnel outlays.
CULTURE / Books / THE ASIAN BOOKSHELF
Feb 9, 2003

Role models for a changing nation

One welcome exception to the gloomy news in Japan last year was the unexpected awarding of a Nobel Prize in chemistry to an apparently ordinary company worker. Koichi Tanaka's steadfastness, lack of personal ambition and open, nice-guy persona were a refreshing throwback to a less cynical age, and his...
BUSINESS
Feb 1, 2003

Bond buying spree expected to continue

The recent buying spree of Japanese government bonds that has pushed the key long-term interest rate to a record low will continue for at least several months, as an end to the deflationary trend is nowhere in sight, economists and analysts say.
Japan Times
LIFE / Food & Drink / TOKYO FOOD FILE
Jan 31, 2003

Coca Restaurant: Fun food in funky retro style

There is precious little architecture left in central Tokyo these days that has any history attached to it. So when restaurants want to imbue their premises with a period feel, mostly they just have to fake it. The results can range from ersatz Edo-style castles to flimsy, film-set backdrops glorifying...
JAPAN
Jan 27, 2003

Industrial revitalization body to rebuild local firms

The government has decided that a planned state-backed industrial revitalization body will help rebuild large, heavily indebted firms in each region of Japan, government sources said Sunday.
BUSINESS
Jan 24, 2003

Tertiary industry activity continues downward slide

Tertiary industry activity fell 0.7 percent in November from October for the third consecutive monthly dip, the government said Thursday.
EDITORIALS
Jan 24, 2003

The next BOJ governor

The Bank of Japan's governor, Mr. Masaru Hayami, is to retire in late March when his five-year term expires. At the moment, who will succeed him is a matter of speculation. There is no question, however, that the next governor will face the same difficult challenge that has confronted the outgoing governor:...
JAPAN
Jan 21, 2003

People in advanced years opting for music lessons

A growing number of middle-aged and elderly people are turning their attention to playing musical instruments in their retirement years.
BUSINESS
Jan 17, 2003

Tokyo condominium supply, prices slip further

There were 88,516 new condominiums put up for sale in the Tokyo metropolitan area in 2002, topping 80,000 for the fourth consecutive year, the Real Estate Economic Institute said Thursday.
JAPAN
Jan 9, 2003

Six men arrested over 2001 slaying

Six men, including a senior member of a religious organization, were arrested Wednesday alleged involvement in the slaying of a 70-year-old real estate agent in Tokyo, according to sources.
JAPAN
Jan 8, 2003

Court-ordered property auctions moving to Net

Information on properties up for public auction, currently only accessible at individual courthouses arranging the sales, will be posted on the Internet, Supreme Court officials said Tuesday.
Japan Times
BUSINESS
Jan 7, 2003

Maker of stylus-free record player has got his groove back

SAITAMA -- His friends backed him up 15 years ago when he left his lofty position at one of the world's largest electronics makers and ended up at a small audio manufacturer. But when he decided to pursue a piece of analog equipment seemingly destined to die in an increasingly digital world, they wrote...
CULTURE / TV & Streaming / CHANNEL SURF
Jan 5, 2003

Staging stellar shows at bargain prices

As the commercial networks wind up their holiday offerings of low-budget blooper specials and celebrity-heavy quiz shows, regular programming slowly returns. However, things don't really get back to "normal" until next week.
JAPAN
Jan 3, 2003

Ishihara's first term gets mixed review

Outspoken Tokyo Gov. Shintaro Ishihara is one of the most talked-about politicians in Japan today, often mentioned by the media as a possible future prime minister.
Japan Times
CULTURE / Art / NEW ART SEEN
Jan 1, 2003

So you thought '02 was good? Well, there's Mori to come

It looks, at first glance, like a refreshing case of "out with the old, and in with the new": In late 2002 the Tokyo art community bade a teary goodbye to its Mecca, when the falling-down old Sagacho building, home for years to some of Japan's most progressive gallery spaces, finally closed its doors...
COMMENTARY / JAPAN IN THE GLOBAL ERA
Dec 16, 2002

Sicily's sobering message for grandparents

SYRACUSE, Sicily -- Sicily is an ideal place to ponder the fate of civilizations and to reflect on the future. This island off the boot of Italy, with a population of 5 million, has been a crossroads of civilizations for almost three millennia. The Greeks, Romans, Saracens, Normans, Catalans, French,...
BUSINESS
Nov 28, 2002

Orient plans to liquidate four more subsidiaries

Struggling consumer credit firm Orient Corp. said Wednesday it will liquidate four more financial subsidiaries to bolster the rehabilitation efforts of the parent company.
Japan Times
JAPAN
Nov 28, 2002

Hachiyo chief held over fraud

Police on Wednesday arrested Osamu Tadokoro, former honorary chairman of health food firm Zenkoku Hachiyo Butsuryu (Hachiyo), and 13 of its former employees for allegedly defrauding investors out of some 70 million yen by promising them their money would grow within a certain period.
BUSINESS
Nov 26, 2002

Seiyu to sell financing unit to Lone Star

Major supermarket chain Seiyu Ltd. said Monday it will sell Tokyo City Finance Co. to the U.S. investment fund Lone Star Group on Friday.
Japan Times
JAPAN / INTERNATIONAL RATIONALE
Nov 23, 2002

Recession opens lucrative doors for foreign lawyers

Hideo Norikoshi was 10 years into his diplomatic career when a partner at a British law firm offered him a chance to throw it all away and study law in England.

Longform

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