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November 23, 2024
 

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EDITORIALS
Jan 14, 2002

Relief step best left unused

Banks were once regarded as a symbol of financial security. People deposited money with banks, confident that it would be fully protected. Bank failure was simply out of the question. The myth of the "invincible bank" collapsed following the burst of the economic bubble a decade ago. Now depositors know...
BUSINESS
Jan 13, 2002

Credit union set to fight FSA insolvency ruling

The Financial Services Agency declared Saturday Eitai Credit Union insolvent, legally forcing it to begin insolvency proceedings under the Deposit Insurance Law, FSA sources said.
BUSINESS
Jan 10, 2002

Sanwa, three other banks look at bailing out struggling Daiei

Sanwa Bank and three of Daiei Inc.'s other creditor banks are considering a bailout package for the struggling supermarket chain, including debt forgiveness and a debt-for-equity swap, as one of "many options," a Sanwa Bank spokesman said Wednesday.
JAPAN
Jan 7, 2002

Consumption tax hike ruled out

The secretary general of the Liberal Democratic Party ruled out a possible consumption tax hike Sunday, calling it "politically impossible for the time being."
COMMENTARY
Jan 1, 2002

New national goal for Japan

The Sept. 11 terrorist attacks and subsequent developments have brought home to Japan a critical challenge it faces in the post-Cold War world: Establishing a new national goal and designing a national strategy geared to international cooperation.
BUSINESS
Dec 19, 2001

No trading for ministers, Fukuda says

The government has formally decided to give up a controversial proposal to remove a 12-year ban on Cabinet ministers engaging in stock transactions, Chief Cabinet Secretary Yasuo Fukuda said Tuesday.
BUSINESS
Dec 12, 2001

Deregulation measures target health and labor

Japan should seek early deregulation in six priority areas, including health care, to build a consumer-friendly society and revive the faltering economy, a government advisory panel on deregulation said Tuesday.
BUSINESS
Dec 12, 2001

Gist of deregulation steps

The following is a summary of key deregulation measures proposed Tuesday in a report drafted by the Council for Regulatory Reform, a 15-member panel consisting of academics and business leaders:
BUSINESS
Dec 7, 2001

Lack of urgency widens stock market schism

New York share prices shot up Wednesday, surprising players on the Tokyo market.
BUSINESS / ON THE FRONT LINE
Dec 5, 2001

Stock rally may be corporate red herring

A stream of disappointing corporate profit reports has thus far failed to spur extensive selloffs on the Tokyo stock market.
BUSINESS
Dec 4, 2001

Tokyu posts 47.5% drop in profits

Railway operator Tokyu Corp. said Monday its consolidated pretax profit dropped 47.5 percent in the fiscal first half to Sept. 30 as its mainstay rail business shrank.
JAPAN
Nov 29, 2001

Three nabbed in security van theft

OSAKA -- Three men have been arrested on suspicion of being involved in an attack on a security van in the prefecture and the theft of 50 million yen from it in September, according to police.
COMMENTARY / World
Nov 29, 2001

Lee Teng-hui on a mission to save his vision of Taiwan

NEW YORK -- Taiwan will hold an election Saturday to choose members of the national Parliament, mayors and county magistrates. The outcome will have a lasting impact on Taiwan's future -- in particular on its relationship with China.
EDITORIALS
Nov 29, 2001

Banks come to grips with bad debts

After years of timid attempts to clear mountains of nonperforming loans, Japanese banks appear to be finally coming to grips with the bad-debt crisis. In the half-year business term to September, most of the 14 top lenders took larger-than-expected charges against their dud loans, even dipping into their...
BUSINESS
Nov 27, 2001

Major banks brace for loan writeoffs

All but two of the nation's 14 major banks fell into the red during the first six months of this business year, together setting aside a hefty 2.7 trillion yen in loan-loss reserves to cushion the potential impact from nonperforming loans.
BUSINESS
Nov 27, 2001

Major banks brace for loan writeoffs

All but two of the nation's 14 major banks fell into the red during the first six months of this business year, together setting aside a hefty 2.7 trillion yen in loan-loss reserves to cushion the potential impact from nonperforming loans.
Japan Times
JAPAN
Nov 24, 2001

South Korean author protests mayor's 'sangokujin' remark

When Shinjuku Ward Mayor Takashi Onoda referred to "sangokujin" in a speech on Nov. 13, Shin Sugok could not believe it.
Japan Times
BUSINESS
Nov 22, 2001

Banker sees smooth euro cash start, no 'black fund'

FRANKFURT -- Japanese investors should have full confidence in the stability and strength of the euro as the currency is launched in its physical form at the start of next year, according to the European central banker coordinating the project.
BUSINESS
Nov 22, 2001

Sumitomo Mitsui sees 150 billion yen loss

Sumitomo Mitsui Banking Corp. announced Wednesday a sharp increase in loan-loss charges and large losses in its shareholdings, prompting it to revise its 2001 earnings forecast from a consolidated net profit of 180 billion yen to a 150 billion yen net loss.
BUSINESS
Nov 16, 2001

JT sees interim net profit grow 4.2%

Japan Tobacco Inc. said Thursday its consolidated net profit for the April-September first half of fiscal 2001 rose 4.2 percent from a year earlier to 35.63 billion yen, thanks to strong growth in its food business, increased volume in international tobacco sales and favorable foreign exchange rates....
BUSINESS
Nov 14, 2001

Consumer anxiety reaches record high

An index gauging consumer anxiety into the next 12 months has climbed to its highest level since 1977, a government-backed research institute said Tuesday.
Japan Times
JAPAN
Nov 7, 2001

Former investment firm chief, 18 others arrested over fraud

OSAKA -- The former president of a failed firm here that sold mortgage-backed securities was arrested along with 18 others Tuesday on suspicion of defrauding clients of about 1.1 billion yen by misrepresenting the financial products of the firm's affiliates, police said.
CULTURE / Art / NEW ART SEEN
Nov 7, 2001

Art in the midst of 'iniquity'

I live in Kabukicho -- the infamous tangle of sex clubs and mahjongg parlors located just north of Shinjuku Station's East Exit. There are a number of reasons why I live where I do: the hundreds of wonderful all-night Asian restaurants and supermarkets; the fact that I can walk from my apartment to the...
JAPAN
Oct 30, 2001

Nuisance emergency caller arrested

A 62-year-old Tokyo man has been arrested on suspicion of making more than 1,200 nuisance calls to the police emergency number over a four-month period, the Metropolitan Police Department said Monday.
JAPAN
Oct 26, 2001

Former Tokyo Shogin boss gets new warrant over loans

A former head of the failed credit union Tokyo Shogin was served a fresh arrest warrant for alleged breach of trust in connection with illegal loans of 1.6 billion yen to a business owner, prosecutors said Thursday.
BUSINESS
Oct 18, 2001

Bankruptcy rush simmering: Teikoku Databank expert

Katsuyuki Kumagai has witnessed an abundance of corporate bankruptcies during his 17-year tenure at a credit research firm.
JAPAN
Oct 10, 2001

Tide may turn for older job-seekers as companies do away with age limits

Although age specifications have long been the bane of middle-aged and elderly job-seekers, the number of businesses moving away from this practice and hiring people on the basis of ability alone is slowly increasing.
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.
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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