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JAPAN
May 3, 2004

Toshiba, GE hope to build nuclear plant in U.S.

Toshiba Corp. and General Electric Co. have applied for permission with the U.S. Department of Energy to conduct a feasibility study on building a nuclear plant in Alabama, company sources said Sunday.
BUSINESS
Feb 17, 2004

TSE listing reflects Shinsei's return to viability

Demonstrating its successful revival, Shinsei Bank, the successor to the failed Long-Term Credit Bank of Japan, will list its shares Thursday on the Tokyo Stock Exchange.
BUSINESS
Jan 17, 2004

Shinsei Bank slates Feb. 19 listing on TSE

Shinsei Bank, the successor to the provisionally nationalized Long-Term Credit Bank of Japan, said Friday it will list its shares on the Tokyo Stock Exchange on Feb. 19.
SOCCER / PREMIER REPORT
Oct 3, 2003

England could use experience, skill of McManaman in lineup

LONDON -- When Sven-Goran Eriksson names the England squad this weekend for the decisive Euro 2004 qualifying tie in Turkey on Oct. 11 it is a safe bet that Steve McManaman will not be included.
JAPAN
Jul 2, 2003

U.S. pressure places Iran-Japan oil deal in doubt

The government on Tuesday urged a state-backed consortium of Japanese firms to delay signing a contract on an Iranian oil development project, citing international suspicion that Tehran is developing nuclear weapons.
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.
Japan Times
BUSINESS
Jan 31, 2003

Shinsei experience: lattes in the lobby, free ATM transactions

A typical Japanese bank looks a bit like the dowdy, paper-shuffling office of a shoddily run company. There are plenty of bowing clerks. But don't count on conveniences like 24-hour ATMs.
BUSINESS
Nov 19, 2002

Asia Global Crossing selects buyer

Financially troubled Asia Global Crossing Ltd. will sell its business and assets to Asia Netcom Corp., a planned joint venture to be set up by a group of investors, Asia Global Crossing's Japanese unit said Monday.
JAPAN
Nov 18, 2002

No talks without pledge on abductees' kids: Abe

Deputy Chief Cabinet Secretary Shinzo Abe on Sunday urged North Korea to promise that the children of five Japanese abductees can come to Japan.
JAPAN
Nov 2, 2002

EU 'withholds funds' for N. Korea reactors

The European Parliament has decided to temporarily withhold its 2003 funding to a consortium charged with building nuclear reactors in North Korea following Pyongyang's admission that it is developing nuclear arms, EU sources said Friday.
Japan Times
JAPAN
Aug 8, 2002

Cities waging a new kind of bidding war

With Japan's public works projects having long been tainted by bid-rigging and bribery, the city of Yokosuka in Kanagawa Prefecture is taking an aggressive approach toward curbing such corruption.
JAPAN
Dec 24, 2001

Tax-evasion case reveals connivery behind Kepco's nuclear plant quest

KYOTO -- A recent ruling handed down by the Yokohama District Court on a tax evasion case details for the first time the methods employed by major power companies to circumvent national land laws and stymie local opposition to nuclear power plants.
BUSINESS
Nov 7, 2001

Bank bosses to testify about FSA lending pressure

The House of Representatives Committee on Financial Affairs will summon two bank presidents to give unsworn testimony on reports that a top Financial Services Agency official pressured the banks to favor specific borrowers, officials said Tuesday.
COMMENTARY / World
Jul 28, 2001

Malnutrition plagues Tibet's children

NEW YORK -- Recent studies on children's health in Tibet reveal that almost half of them suffer from malnutrition. As a result, they suffer from stunted growth and their mental development has potentially been damaged.
BUSINESS
Jun 1, 2001

Former Nippon Credit Bank returns to black after three years

Aozora Bank, the reincarnation of Nippon Credit Bank, returned to profitability in fiscal 2000 for the first time in three years with group pretax profits of 99.1 billion yen -- a sharp upturn from the 112.6 billion yen loss the previous year.
BUSINESS
Dec 2, 2000

NCB sees two key balances move back into the black

Releasing its first financial results since its sale on Sept. 1 to an investment consortium led by Softbank Corp., Nippon Credit Bank said Friday its operating and pretax balances moved back into the black in the first half of fiscal 2000.
JAPAN
Sep 21, 2000

NCB's Honma dies 16 days after bank's rebirth

Nippon Credit Bank President Tadayo Honma passed away Wednesday morning of heart failure. He was 60.
BUSINESS
Sep 15, 2000

Public funds approved for NCB infusion

The Financial Reconstruction Commission approved Thursday a capital injection of 260 billion yen in public funds into Nippon Credit Bank, which resumed operations this month after 21 months under government control.
BUSINESS
Sep 8, 2000

FRC approves banks' plan to set up Mizuho Holdings

The Financial Reconstruction Commission approved a plan Thursday by Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan to set up a holding company as well as a plan by a Sakura Bank-led consortium to form an Internet bank.
BUSINESS
Sep 5, 2000

NCB not afraid to ask state to buy loans: execs

Nippon Credit Bank will not hesitate to ask the government to buy back loss-incurring loans if necessary, top executives said Monday, as the newly privatized bank began its first day of operations.
BUSINESS
Aug 1, 2000

Shinsei reports billions spent on consultants

Shinsei Bank, formerly the nationalized Long-Term Credit Bank of Japan, concluded contracts worth about 5.7 billion yen with three consulting firms, two of which are headed by two Shinsei board directors, the bank said Monday.
JAPAN
Jul 1, 2000

DIC purchases 198 billion yen of Sogo's loans from Shinsei

The state-run Deposit Insurance Corp. announced Friday it will buy 197.6 billion yen of Shinsei Bank's outstanding loans to troubled department store chain Sogo Co. and waive 97 billion yen of that amount.
EDITORIALS
Jun 28, 2000

The finest map in the world

Rival researchers this week announced that they had completed a draft model of the human genome -- the blueprint of the human being. The breakthrough was hailed as "a milestone in science," a "revolution in medical science" and "the most important, most wondrous map ever produced by humankind." For once,...
JAPAN
Jun 25, 2000

DIC to buy, waive loans from Shinsei to Sogo Co.

The state-run Deposit Insurance Corp. will buy loans from Shinsei Bank to Sogo Co. and then waive a substantial portion of them to help rehabilitate the struggling department store operator, DIC sources said Saturday.
BUSINESS
Jun 24, 2000

Debt waiver for Sogo 'possible,' DIC says

The head of the semigovernmental Deposit Insurance Corp. on Friday described the proposed partial forgiveness by the DIC of loans owed by the Sogo Co. department store chain to Shinsei Bank as a "possible option."

Longform

Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone.
The last cleanup: Life and death in a lonely Japan