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November 23, 2024
 

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BUSINESS
Nov 20, 2002

Monetary policy to go unchanged

As stock prices continue to slide, the Bank of Japan made a rare announcement Tuesday that it will flood the market with yen to the limit of its current policy.
BUSINESS
Nov 18, 2002

British law firm capitalizes on thirst for global tools, investment advice

Despite Japan's much-publicized economic problems, independent financial advisers Towry Law are "very pleased" with the performance of their Japan operations, according to John Simmonds, managing director of the Britain-based company.
BUSINESS
Nov 16, 2002

Fewer bankruptcies but high liabilities left behind

The number of corporate bankruptcies fell in October from a year earlier for the third straight month, but the amount of liabilities left by failed firms was at the second-highest level for October in the postwar period, credit research agency Teikoku Databank Ltd. said Friday.
BUSINESS
Nov 15, 2002

Nippon Yusen's profit sinks 50% as deflated assets sold

Nippon Yusen K.K., the nation's biggest shipping firm, said Thursday its group net profit slid 49.7 percent in the fiscal first half to Sept. 30 from a year earlier to 7.79 billion yen.
Japan Times
LIFE / Lifestyle / JET STREAM
Nov 15, 2002

Perfectly at home with the local culture

Fame comes easy to Doug Brittain, a four-year resident of Sado Island in Niigata Prefecture. Last August, the 28-year-old assistant language teacher became the grand champion in the island's annual Akadomari Sumo tournament.
Japan Times
COMMUNITY / CLOSE-UP
Nov 3, 2002

A 'young blood' at Yokohama's helm

Hiroshi Nakada shocked the nation in March when, at the age of 37, he was elected as the mayor of Yokohama, beating 72-year-old Hidenobu Takahide. Takahide, who died in August, ran the city for 12 years and was backed in the election by the ruling coalition and the opposition Social Democratic Party....
BUSINESS
Nov 2, 2002

Targets for debt ratios to be part of rescue deal

The government is considering setting debt-ratio targets that companies in danger of folding will be required to meet before getting government help securing further financing, Economy, Trade and Industry Minister Takeo Hiranuma said Friday.
EDITORIALS
Nov 2, 2002

A disappointing economic package

The economic package that the government unveiled on Wednesday, together with the Bank of Japan's decision to expand the credit supply, represents a concerted attempt to fight deflation. The comprehensive program includes measures to accelerate disposal of bad bank loans, help rebuild debt-heavy but...
JAPAN
Nov 1, 2002

7 1/2-year sentence upheld for Heo

OSAKA -- The Osaka High Court on Thursday upheld a 7 1/2-year prison term and 500 million yen fine for an Osaka-based South Korean real-estate developer for his involvement in the collapse of trading house Itoman Corp.
COMMENTARY / THE VIEW FROM NEW YORK
Oct 13, 2002

Beijing stymies Pyongyang experiment

HONG KONG -- Pyongyang-Beijing ties used to be characterized as being "as close as lips and teeth," but that phrase no longer applies to the relationship. For no sooner does North Korea arouse deep Japanese public outrage with its prevarication over past abductions than the isolated Stalinist state provokes...
EDITORIALS
Oct 3, 2002

Challenges for Mr. Takenaka

The reshuffled Cabinet of Prime Minister Junichiro Koizumi has a powerful economic portfolio that may well be described as "deputy prime minister for economic affairs." As state minister in charge of economic and fiscal policy as well as financial affairs, Mr. Heizo Takenaka is now the de facto economic...
BUSINESS
Sep 27, 2002

Private-sector salaries decline for fourth year

The average annual salary for workers in the private sector was 4.54 million yen last year, posting a decline for the fourth consecutive year, the National Tax Agency said Thursday.
BUSINESS
Sep 26, 2002

Aso rejects latest plan for RCC to pay more

A key LDP policymaker balked Wednesday at a proposal to allow the state-run Resolution and Collection Corp. buy collateral-backed bad loans at effective book value.
BUSINESS
Sep 20, 2002

Land prices down for 11th year

Land prices in Japan fell in the 12-month period to July 1 for the 11th consecutive year, showing larger margins of decline than in the previous year for both residential and commercial properties, according to a government study released Thursday.
BUSINESS
Sep 19, 2002

BOJ eyes unprecedented purchase of stocks from ailing banks

In a surprise break with market principles, the Bank of Japan said Wednesday that it is considering purchasing stocks held by the nation's most troubled banks, effectively bolstering their financial standing and stock prices at its own expense.
BUSINESS
Sep 18, 2002

BOJ starts high-pressure policy meeting

The Bank of Japan began a two-day policy meeting Tuesday amid growing calls by the government and the ruling coalition that it further ease credit to overcome deflation.
BUSINESS
Sep 13, 2002

Supply of new Tokyo condos jumps 42.1%

The number of new condominiums put on sale in the Tokyo metropolitan area in August jumped 42.1 percent over the previous year to 4,715, a record high for the month, the Real Estate Economic Institute said Thursday.
COMMENTARY / World
Sep 11, 2002

Once again at ground zero

LOS ANGELES -- Japan is once again at a historical tipping point, what could be called a political ground zero. Japan has been at ground zero two other times in its modern history and both times the outcome was not pretty.
JAPAN
Sep 7, 2002

Obuchi kin fined over tax evasion

The widow, daughter and two other relatives of late Prime Minister Keizo Obuchi have been fined a total of 15 million yen for failing to declare income of more than 60 million yen, sources close to the case said Friday.
JAPAN
Sep 7, 2002

Aomori seeks help on swindled cash

Aomori Gov. Morio Kimura on Friday asked the Foreign Ministry to help the prefecture reclaim money that a former employee of a public housing corporation allegedly embezzled and gave to his Chilean wife.
BUSINESS
Sep 6, 2002

Toyota top income earner for third consecutive year

Toyota Motor Corp. remained Japan's top taxable income earner in fiscal 2001, dominating the nation's top 50 businesses for the third year in a row, according to a list released Thursday by the National Tax Agency.
MORE SPORTS
Sep 3, 2002

American bowler strikes it rich

JUNJI NODA Staff writer Hugh Miller had made plans for his wife's birthday on Sept. 4. He was supposed to take part in the four-day Dream Bowl 2002 Match Play Tournament in Yokohama and fly home just in time to be with his wife, Donna.
BUSINESS
Aug 31, 2002

64 billion yen bailout saves Arai-Gumi

OSAKA -- Struggling general contractor Arai-Gumi Ltd. said Friday it has agreed with Konoike Construction Co. to form a capital and operational alliance, a move orchestrated by their main lender, Sumitomo Mitsui Banking Corp., to assist Arai-Gumi.
BUSINESS
Aug 24, 2002

SMBC eyes Arai-Gumi bailout move

Sumitomo Mitsui Banking Corp. is considering providing Arai-Gumi Ltd., a medium-size construction company, with a bailout worth billions of yen, sources close to the deal said Friday.
Japan Times
JAPAN
Aug 23, 2002

'Politically motivated' arrests slammed

The head of the public security department of the Osaka High Public Prosecutor's Office was arrested April 23 for allegedly being entertained to the tune of 280,000 yen by mobsters in return for providing internal information.
Japan Times
ENVIRONMENT
Aug 15, 2002

Concrete forests glimpsed through four trees

Mike was upset when he heard that four gingko trees on the corner of a lot he can see from his Setagaya Ward house in Tokyo were to be cut down. A developer is to build six cookie-cutter homes on the 600-sq.-meter plot.
Japan Times
ENVIRONMENT / WILD WATCH
Aug 15, 2002

Isolation spells survival in the Sea of Okhotsk

In penguinlike tuxedoed masses, the Tyuleni Island murres were standing in murmuring hordes, crowding the rock ledges of their remote breeding colony off the east coast of Sakhalin in the Sea of Okhotsk.
Japan Times
COMMUNITY
Aug 11, 2002

Chill out in Tokyo's favourite haunts

Sites of assassinations, murders and suicides; dark, dank tunnels and creepy old abandoned buildings; weird creatures, the stuff of legends whose origins are lost in the mists of time . . . Tokyo harbors dozens -- perhaps even hundreds -- of "ghost spots" where inexplicable, sinister phenomena have reputedly...
BUSINESS
Aug 10, 2002

Japan Telecom to sell off part of engineering unit

Japan Telecom Holdings Co. said Friday it has agreed to sell off part of an engineering subsidiary to Australian-based construction and real estate company Bovis Lend Lease Corp. in an effort to concentrate on its core telecommunications business.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
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.”
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
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.

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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