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BUSINESS / ON THE FRONT LINE
Aug 2, 2002

Individual players set to rule market

Tokyo stocks in July felt the brunt of the shock waves that hit the New York market and the Nikkei average fell below 10,000, a level long considered solid.
BUSINESS
Aug 2, 2002

Sumitomo net profits jump 20%

Trading house Sumitomo Corp. said Thursday its group posted net profits of 10.31 billion yen in the April-June quarter, up 20 percent from a year earlier.
BUSINESS
Aug 1, 2002

Tax revenue shortfall puts general account in the red

The main budget for government operations posted a 500 million yen deficit in fiscal 2001, the Finance Ministry reported Wednesday.
JAPAN
Jul 31, 2002

Whistle-blower files not guilty plea

OSAKA -- A former senior prosecutor who blew the whistle on alleged corruption among fellow prosecutors pleaded not guilty on Tuesday to charges of taking bribes and abusing his authority.
BUSINESS
Jul 31, 2002

Sumitomo Mitsui plans to establish holding company

Sumitomo Mitsui Banking Corp. announced Tuesday it will set up a financial holding company in early December and place itself and three affiliates under the company's umbrella to increase group flexibility and efficiency.
BUSINESS
Jul 31, 2002

Sharp bucks trend with plan to hire 130 midcareer staff

Sharp Corp. will hire 130 midcareer workers this year, despite a general trend among consumer electronics companies to downsize amid stagnation in the information technology sector, company officials said Tuesday.
BUSINESS
Jul 30, 2002

Honda sees group net profits grow 20% to 107.6 billion yen

Honda Motor Co. said Monday its group net profit rose 20.4 percent to a record 107.6 billion yen in the April-June quarter from a year earlier on strong sales and a weaker yen.
BUSINESS
Jul 30, 2002

U.S. rebound would dispel global gloom

Tokyo stocks, as measured by the Nikkei average of 225 major issues, are hovering around 10,000.
COMMENTARY
Jul 29, 2002

Beware the property bubble

LONDON -- These are worrying times for the world economy, and perhaps even more so for the armies of highly paid analysts who failed to predict the current slump in world stock markets.
BUSINESS
Jul 29, 2002

Koo backs expansionary fiscal policy for Japan

Richard Koo appears to be one of the small group of dissenters vocally critical of the economic and fiscal policies of Prime Minister Junichiro Koizumi and his Cabinet.
JAPAN
Jul 29, 2002

Eco-law in works to push rail, sea freight transport over trucks

The transport ministry has begun deliberating a new law to cut carbon dioxide emissions from goods distributed by truck by supporting businesses that switch to rail and marine transport, ministry officials said.
JAPAN
Jul 28, 2002

Group to study legal issues in IT age

A study group examining legal issues in the information technology era was launched Saturday in Tokyo, with more than 160 individuals and organizations from academia, business and government circles participating.
CULTURE / TV & Streaming / CHANNEL SURF
Jul 28, 2002

Putting her house in order

In Japan, the vast majority of legal adoptions -- more than 90 percent -- are of adults and are usually carried out for inheritance or family succession purposes. A house with only daughters, say, will adopt a grown man who can maintain the family business and family name.
LIFE / Food & Drink / BEST BAR NONE
Jul 28, 2002

He's got jazz izakaya to an art form

Many newly opened bars and stores proudly display their year of establishment on the signage out front -- even if it just opened. Vagabond, a funky jazz izakaya in Shinjuku, is no exception. The signboard outside proudly boasts "Tavern Since 1976." When I arrived in 1981, this made me laugh. But now...
COMMUNITY
Jul 28, 2002

Into the unknown Sea of Okhotsk

The Bering Sea, 1999. A wave-dashed shore ahead; leaden skies above. The way the rough sea was lifting and pitching and rolling our ship was not promising. I could just make out a bleak and deserted beach backed by lush knee-high vegetation, with a low, steep bank beyond. Somewhere there, 250 years ago,...
JAPAN
Jul 27, 2002

Sakura Bank fundraising for Koizumi scrutinized

Senior officials of the former Sakura Bank collected donations from firms the bank was lending to for Junichiro Koizumi before he became prime minister, informed sources said Friday.
BUSINESS
Jul 27, 2002

8.7 trillion yen in 'zaito' funds not used by recipients

As much as 8.7 trillion yen of the government's fiscal investment and loan program, or 26.7 percent of the initial budget of 32.55 trillion yen, was left unused in fiscal 2001, according to a report released Friday by the Finance Ministry.
BUSINESS
Jul 27, 2002

Nomura sees pretax profits decline 65.3% in first quarter

Brokerage giant Nomura Holdings Inc. said Friday its group pretax profits for the April-June quarter plunged 65.3 percent from a year earlier to 18.37 billion yen.
EDITORIALS
Jul 26, 2002

Steeling for a fight with Iraq

By every indication, the United States is eager to take the fight to Iraq and expel Iraqi President Saddam Hussein from office. President George W. Bush has said he is studying every option, and the U.S. appears to be proceeding with the diplomacy needed to prepare for conflict. Mr. Hussein's departure...
BUSINESS
Jul 26, 2002

Koizumi set to issue financial stability directive

Prime Minister Junichiro Koizumi indicated Thursday he will instruct his Cabinet ministers to step up measures to stabilize the financial system and reassure bankers before the imposition of a cap on all bank deposit guarantees in April.
BUSINESS
Jul 25, 2002

Firms team up to market new electronic map system

Electric Power Development Co. and two other firms plan to market a new type of geographic information system in which day-to-day changes in cityscapes and streets can be recorded, the company said Wednesday.
JAPAN
Jul 25, 2002

Theme parks fail to buoy domestic leisure market

Japan's leisure market shrank 2.3 percent in 2001 to 83.07 trillion yen, the third consecutive year of contraction, a semipublic institute said Wednesday in an annual report.
COMMUNITY / Issues / THE ZEIT GIST
Jul 25, 2002

Debunking strange myths about Asia, Part I

In 1980, I traveled through the United States just after the TV miniseries "Shogun" ended its run. Any time I mentioned to someone that I was living in Japan, he or she would invariably ask me one of two questions related to the program. One was, "Is it true that back then a samurai could chop off somebody's...
EDITORIALS
Jul 24, 2002

It's now or never

The Foreign Ministry, its public image badly tarnished by a string of corruption scandals and policy blunders, is set to work out an action plan to clean up its act. The plan will be based more or less on the recommendations submitted on Monday to Foreign Minister Yoriko Kawaguchi by her advisory panel....
COMMENTARY
Jul 24, 2002

Chinese media's coverage of U.S. proves balanced

HONG KONG -- A study of the Chinese media, commissioned by a bipartisan American congressional panel -- the U.S. China Security Review Commission -- has found that the controlled Chinese press, in its reporting on the United States, appears to be relatively balanced overall.
JAPAN
Jul 24, 2002

Kawaguchi faces uphill battle over reform effort

Foreign Minister Yoriko Kawaguchi is set to map out her plan on ministry reform in August, but she faces a tough job satisfying a weary public and proposals from diverse circles on how to put the scandal-tainted ministry on track.
BUSINESS
Jul 24, 2002

Nippon Sheet Glass in French tieup

Nippon Sheet Glass Co. said Tuesday it will establish a joint company with Saint-Gobain Vetrotex International S.A. of France in September.

Longform

Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
Japan’s sauna movement: Relax, refresh, repeat