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November 23, 2024
 

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BUSINESS
Jul 9, 2002

BIS calls for honesty in banking policy

The Bank for International Settlements on Monday issued a dire warning to Japan over the shaky position of its banking system, urging the government to explain to taxpayers that their money could again be needed to clean up the problem-loan situation.
JAPAN
Jul 2, 2002

Developer appeals ruling in Ishibashi Sangyo fraud case

Heo Young Joong, sentenced last week to seven years in prison for defrauding an oil materials sales company out of nearly 18 billion yen, filed an appeal Monday against the ruling.
JAPAN
Jun 29, 2002

Fixer sentenced to seven years for fraud

Real estate developer Heo Young Joong, a known fixer with ties to politicians and the underworld, was sentenced Friday to seven years in prison for bilking a Tokyo-based petroleum goods seller out of about 18 billion yen in 1996.
JAPAN
Jun 9, 2002

Rakuten eyes full shopping via mobiles

Rakuten Inc., operator of Japan's largest Internet shopping site, Rakuten Ichiba, plans to make its full online shopping service available on mobile phones by the end of the year, company officials said Saturday.
BUSINESS
Jun 8, 2002

Seibu to cut 15% of full-time jobs

Seibu Department Stores Ltd. plans to cut some 800 jobs, or about 15 percent of its full-time workforce of 5,300, by the end of March, company officials said Friday.
JAPAN
May 31, 2002

Prosecutors seek prison for Nakao

Prosecutors on Thursday sought a 3 1/2-year prison term for former construction minister Eiichi Nakao, claiming he took 60 million yen in bribes from Wakachiku Construction Co. while he was a Cabinet member in 1996.
BUSINESS / ON THE FRONT LINE
May 30, 2002

Global economic prospects remain shaky

The government declared earlier this month that the economy has bottomed out.
BUSINESS
May 28, 2002

Kumagai Gumi reports first profit in nine years

Kumagai Gumi Co. on Monday said it posted a net profit of 2.55 billion yen for the 2001 business year, the first time in nine years that black ink flowed onto its books.
BUSINESS
May 23, 2002

Odakyu Electric Railway sees black

Odakyu Electric Railway Co. said Wednesday it posted a group pretax profit of 29.41 billion yen in the 2001 business year, up 6.9 percent from the previous year, due to its strengthened management bases.
BUSINESS / ON THE FRONT LINE
May 23, 2002

Stocks climb, appear poised to top 12,000

Tokyo stocks are out of the doldrums and now appear poised to lift the Nikkei average back above 12,000, a level unseen for years.
BUSINESS / JAPANESE PERSPECTIVES
May 20, 2002

Tax reform will offer Japan realistic chance to revitalize economy

The government's Council on Economic and Fiscal Policy is scheduled to set the direction for tax reform by the end of June. Since its establishment last year, the council has set out guidelines for structural reform in fiscal, social security and other fields, but not much has been discussed about the...
COMMENTARY / World
May 19, 2002

A foil to the 'Asian Miracle'

CAMBRIDGE, England -- The past few weeks have been sad ones for the supporters of the still young democratic process in South Korea. It has been alleged that a web of corruption surrounds the presidency of Kim Dae Jung, winner of the 2001 Nobel Peace Prize. While no one has, yet, suggested that the president...
COMMENTARY
May 17, 2002

Iranians-in-exile mull return of the shah

BEVERLY HILLS, California -- These days the animated chatter in this storied city's sun-splashed cafes and deep-carpeted restaurants is not about the aftermath of 9/11, or the fall of Enron, or even the Middle East imbroglio. It's about the coming revolution in Iran.
BUSINESS
May 17, 2002

JR Tokai says revenues up 2.5%

Central Japan Railway Co. (JR Tokai) said Thursday its consolidated operating revenues grew 2.5 percent to 1.37 trillion yen in fiscal 2001, due to increased traffic on its Tokaido Shinkansen Line bullet train services.
BUSINESS
May 16, 2002

Trading house Mitsubishi logs 34.6% profit drop

Trading house Mitsubishi Corp. said Wednesday its group net profits in fiscal 2001 plunged 34.6 percent, primarily due to a 51.5 billion yen fall in securities sales.
Japan Times
JAPAN
May 15, 2002

Koto moves to stem resident boom

As many areas of central Tokyo try to woo new residents, Koto Ward is taking the opposite tack and virtually begging developers to stop constructing new apartment complexes.
BASEBALL / MLB
May 11, 2002

Giants' utility man Crespo ready to do whatever it takes

If it were up to Felipe Crespo, he'd be chasing fly balls in the Tokyo Dome outfield. Somewhere -- left, right or center -- it doesn't matter.
JAPAN
May 8, 2002

Heo repeats not guilty plea in Itoman appeal

OSAKA -- Real-estate broker Heo Young Joong repeated his not guilty plea Tuesday before the Osaka High Court in the first hearing of his appeal against a district court ruling last year on a fraud case involving collapsed trading house Itoman Corp.
COMMENTARY / World
May 4, 2002

No end in sight to China's banking woes

While Japan's recession and its wobbly banks distract much of the world, the banking sector in China is in much worse shape. Xinhua News Agency has reported that central bank governor Dai Xianglong admits that nonperforming loans (NPLs) account for 26.6 percent of total lending by China's top four state-owned...
BUSINESS
Apr 28, 2002

Asahi Mutual eyes net profits in '01

Asahi Mutual Life Insurance Co. will likely secure the equivalent of a stock company net profit in the year to March 31 despite its plan to write off some 400 billion yen in latent stockholding losses, company sources said Saturday.
JAPAN
Apr 24, 2002

Nabbed prosecutor now probed for tax evasion

OSAKA -- The prosecutor arrested Monday on suspicion of fraud owns 16 real estate properties but has not declared at least 5 million yen in rent revenue, informed sources alleged Tuesday.
JAPAN
Apr 24, 2002

Itoman defendants' sentences upheld

OSAKA -- The Osaka High Court on Tuesday upheld prison sentences of up to 10 years for two executives of the now-defunct trading house Itoman Corp. for aggravated breach of trust and other charges.
EDITORIALS
Apr 16, 2002

Tip of the 'bad debt' iceberg

The results of special bank audits announced last week by the Financial Services Agency confirm that Japan's banking sector is still saddled with large amounts of bad debt. The message is that banks remain heavily exposed to the risks of default despite stepped-up efforts to improve the situation.
JAPAN
Apr 16, 2002

Ex-Daiwa Toshi president denies 2.9 billion yen scam

OSAKA -- Former Daiwa Toshi Kanzai President Hiroshi Toyonaga pleaded not guilty Monday to defrauding clients out of 2.9 billion yen through sales of securities by the failed mortgage-backed securities broker that were later found to be worthless.
JAPAN
Apr 13, 2002

FSA's bank probe sparks downgrades for large borrowers

The Financial Services Agency on Friday officially disclosed the results of its latest inspections of major banks, downgrading credit assessments of 71 of the banks' 149 large corporate borrowers.
BUSINESS
Apr 5, 2002

Asahi Mutual's new policy contracts see 17% increase

Struggling Asahi Mutual Life Insurance Co. said Thursday the number of new policy contracts in the 2001 business year is estimated to have grown 17 percent due to brisk sales of new products.
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

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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