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November 23, 2024
 

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BUSINESS
Mar 29, 2002

Government experts butt heads over path to recovery

Discord is increasing between two key government panels debating whether to prioritize tax cuts or fiscal belt-tightening.
BUSINESS
Mar 28, 2002

Builder Haseko to get 150 billion yen loan bailout

Daiwa Bank and two other commercial lenders on Wednesday agreed to provide 150 billion yen in financial aid to embattled condominium builder Haseko Corp. through a debt-equity swap, Haseko announced Wednesday.
COMMENTARY
Mar 25, 2002

There's more to a name than meets the eye

As someone who has crossed the Pacific Ocean over 450 times since 1956, I am constantly fascinated by the similarities and differences between the United States and Japan. Among the challenges facing someone who lives in both societies is that what is so positive in one country can often be so negative...
Japan Times
COMMUNITY
Mar 24, 2002

How does your balcony garden grow?

If you're chafing about the city's dearth of green spaces, but you're blessed with a balcony, you could make your own garden. It could be your little contribution toward greening the city. If you haven't tried it before, you might be pleasantly surprised by how much joy a tiny space brimming with leaves...
BUSINESS
Mar 20, 2002

Daiei seeks government handout

As part of its rebuilding efforts, debt-saddled supermarket chain Daiei Inc. filed with the government Tuesday for tax breaks and other preferential treatment under the industrial rehabilitation law, government officials said.
BUSINESS / TAKING STOCK
Mar 19, 2002

Rally not just down to technical factors

Having slumped to 9,420.85 on Feb. 6, the 225-issue Nikkei average has been hovering around 12,000 in recent days.
COMMUNITY
Mar 17, 2002

Cathedrals of commerce, towers of power

The tall building radically reshaped the modern city, thrusting it upward in the decades around the turn of the 20th century, just as the automobile pushed it outwards between the world wars. The skyward trend began in the 1890s, when high-rise commercial buildings began replacing the six- and seven-story...
BUSINESS
Mar 15, 2002

New condos put on sale in Tokyo rose 16% in February

The number of new condominiums put on sale in the Tokyo metropolitan area logged a year-on-year rise of 16 percent in February, marking the first such increase in five months, the Real Estate Economic Institute said Thursday.
BUSINESS
Mar 15, 2002

Government considering tax cuts for fiscal 2002

The government may cut taxes in fiscal 2002, which starts April 1, instead of waiting until fiscal 2003 if the economy shows signs of worsening, officials said.
BUSINESS / ON THE FRONT LINE
Mar 14, 2002

Rally has put 12,000 in Nikkei's cross hairs

During the recent rally on the Tokyo Stock Exchange, the 225-issue Nikkei average broke the 11,000 resistance line.
BUSINESS
Mar 9, 2002

Sato Kogyo asks creditors for assistance

Failed construction firm Sato Kogyo Co. held on Friday the first meeting of its creditors, asking for help with its rehabilitation.
BUSINESS
Mar 7, 2002

Aoki identifies rehab sponsors

Bankrupt second-tier general contractor Aoki Corp. said Wednesday it has persuaded midsize general contractors Takamatsu Corp. and Komatsu Construction Co. to sponsor its court-led rehabilitation plan.
BUSINESS
Mar 4, 2002

Sato Kogyo files for bankruptcy

Debt-saddled Sato Kogyo Co. and eight of its subsidiaries filed for protection from creditors with the Tokyo District Court on Sunday under the Corporate Rehabilitation Law, becoming the second midsize general construction contractor to collapse in the three months since Aoki Corp. folded in December....
BUSINESS
Mar 3, 2002

Sato Kogyo to commence bankruptcy proceedings

Sato Kogyo Co., a midsize construction contractor with group liabilities estimated at more than 500 billion yen, has given up efforts to rehabilitate itself and will resort to legal bankruptcy proceedings, company sources said Saturday.
BUSINESS
Mar 2, 2002

Auction site to introduce new fees

Internet portal Yahoo Japan Corp. said Friday it will introduce new fees for its online auction service starting April 15.
Japan Times
JAPAN
Feb 28, 2002

Two held over stock price manipulation

The president of a management consultancy in Tokyo and a former brokerage employee were arrested Wednesday for allegedly manipulating the stock price of nonferrous metals manufacturer Shimura Kako Co. through illegal trading.
BUSINESS
Feb 28, 2002

Seibu to log 80 billion yen special loss

Seibu Department Stores Ltd. plans to post extraordinary losses of some 80 billion yen for its business year to Feb. 28 after liquidating a subsidiary and incurring capital losses, company sources said Wednesday.
COMMENTARY / JAPAN IN THE GLOBAL ERA
Feb 18, 2002

No surprise investors shun 'homely' Japan

LAUSANNE, Switzerland -- For a nation to be competitive in the global era, above all it has to be attractive. That, argues my colleague Stephane Garelli, author of the annual IMD World Competitiveness Yearbook (WCY), is the ultimate criterion in determining how nations compete in the global era. Attractiveness...
BUSINESS
Feb 8, 2002

Mitsubishi saw profit dive 45% in third quarter

Mitsubishi Corp. said Thursday its group net profit in the October-December period plunged 45.3 percent from a year earlier to 10.43 billion yen on operating revenue of 3.37 trillion yen, down 4.5 percent.
BUSINESS
Feb 7, 2002

Tokyu may inject capital into construction unit

Tokyu Corp. said Wednesday it may replenish the capital base of its subsidiary, Tokyu Construction Co., a major construction firm whose large losses threaten to disqualify it from bidding for major public works projects.
JAPAN
Feb 1, 2002

Cultist's term upheld for 1994 murder attempt

The Tokyo High Court on Thursday upheld a 12-year prison term handed down to an Aum Shinrikyo defendant for attempting to kill attorney Taro Takimoto with sarin gas in May 1994.
BUSINESS
Jan 30, 2002

Nissho Iwai to eliminate 5,000 jobs in restructuring

Major trading house Nissho Iwai Corp. on Tuesday announced a three-year restructuring plan featuring a cut of 5,000 jobs from its current consolidated workforce of 19,000.
BUSINESS
Jan 30, 2002

Daiei to sell position in Maruko

Struggling retailer Daiei Inc. said Tuesday it will sell all its shares in its wholly owned real estate subsidiary Maruko Inc. for 15.1 billion yen as part of its rehabilitation plan.
BUSINESS
Jan 25, 2002

Seibu may shut five bleeding stores

Seibu Department Stores Ltd. is considering closing down about five loss-making outlets in rural areas over the next three years, company sources said Thursday.
BUSINESS
Jan 24, 2002

Tertiary activity up after five months

Activity in Japan's tertiary industries rose 1.7 percent in November over the previous month for the first gain in five months, thanks to higher consumer spending on amusement and recreation, the Ministry of Economy, Trade and Industry said Wednesday.
COMMUNITY
Jan 20, 2002

Tandoori meets takoyaki in Kansai's Little India

KOBE -- The port city of Kobe, with the largest concentration of Americans and Europeans in the Kansai region, a few of whom have lived in Japan since the Taisho Era (1912-1926), has long been known as one of Japan's most Westernized cities.
COMMUNITY
Jan 20, 2002

Kabukicho: where worlds collide

About 1 a.m. on the morning of Sept. 1, 2001, a fire of undetermined origin swept through the No. 56 Myojo Building in Shinjuku's Kabukicho district, resulting in the deaths of 44 people on the upper two floors. While investigators say they have ruled out arson, stories in the tabloid press continue...
BUSINESS
Jan 17, 2002

BOJ OKs new ways to help economy

The Bank of Japan on Wednesday approved new ways of feeding vast amounts of money into the economy while keeping its monetary policy unchanged.
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

The celebrated artist ‘updating’ the kimono
The celebrated artist ‘updating’ the kimono

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