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November 27, 2024
 

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JAPAN
Jan 31, 2002

Kansai Kogin lied in recapitalization drive

OSAKA -- Failed credit union Kansai Kogin raised more than 15 billion yen in additional capital in 1999 and early 2000 without telling potential investors that it was facing financial difficulties, sources close to the credit union said Wednesday.
Japan Times
LIFE / Digital / NAME OF THE GAME
Jan 31, 2002

Nautical 'kombat' game is a wash

Role-playing games, probably the most popular genre in Japan, have a moderate following in the United States. Americans prefer action-packed, top-down view style RPGs like "Baldur's Gate" and "Diablo" to traditional "Final Fantasy" RPGs.
BUSINESS
Jan 31, 2002

Life, nonlife insurers scrap tieup

Tokio Marine & Fire Insurance Co. and Asahi Mutual Life Insurance Co. have decided to scrap their plans to integrate under a single holding company by March 2003 due to the cautious stance of the nonlife insurer, sources from the two companies said Wednesday.
BUSINESS
Jan 31, 2002

Analysts release ethical standards draft

The Security Analysts Association of Japan has unveiled a draft on professional ethical standards that calls for analysts to be banned from investing in securities that they recommend to investors.
Japan Times
BUSINESS
Jan 31, 2002

Sumitomo, Mitsui announce tieup of construction arms

General contractors Sumitomo Construction Co. and Mitsui Construction Co. formally announced on Wednesday their plan to integrate their management but said the timing of the move and numerical business targets are still under discussion.
BUSINESS
Jan 30, 2002

Showa Denko revises earnings, expects net loss

Chemical manufacturer Showa Denko K.K. said Tuesday it revised downward its fiscal 2001 group earnings projection to a 34.5 billion yen net loss from a break-even estimate due to additional advanced writeoffs of about 31.6 billion yen in restructuring costs.
BUSINESS
Jan 30, 2002

Liberty Mutual Insurance to pull out

Major U.S. nonlife insurer Liberty Mutual Insurance Co. plans to withdraw from the Japanese market at the end of March because the country's business prospects are poor, industry sources said Tuesday.
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 29, 2002

19 Mycal outlets to close doors

OSAKA -- Failed supermarket chain operator Mycal Corp. announced Monday that it will close 19 outlets nationwide, including Otaru Vivre in Hokkaido and Toyoda Saty in Aichi Prefecture.
BUSINESS / TAKING STOCK
Jan 29, 2002

Bourse in wait-and-see mode

While the Tokyo stock market awaits signs of the government's resolve to fix the nation's financial woes, macroeconomic environments surrounding the market are gradually showing improvement.
JAPAN
Jan 28, 2002

More fraud allegations emerge in Snow debacle

Compiled from wire services Scandal-ravaged Snow Brand Food Co. faced fresh allegations Sunday that it asked a storage contractor to lie about how much beef was in a container in order to cash in on a government mad cow subsidy.
JAPAN
Jan 27, 2002

JAS to stop flights abroad from Kansai

Japan Air System plans to stop operating international flights to and from Kansai International Airport in Osaka Prefecture when the second runway at Narita airport outside Tokyo opens in April, JAS sources said Saturday.
JAPAN / Media / MEDIA MIX
Jan 27, 2002

Hi-Vision advocates display a lack of foresight

Being someone who isn't intimidated by purchases of electronics, I recently entered the digital age with an alarming lack of serious forethought. I bought a digital BS tuner. At less than 50,000 yen, it's hardly a huge investment by itself, but since being hooked up to my TV, it's caused me to reflect...
COMMENTARY
Jan 26, 2002

A revolution in British politics

LONDON -- The British Constitution has long been widely admired, if not always understood.
BUSINESS
Jan 26, 2002

Chuo Mitsui to invest in Japan Trustee Services

Chuo Mitsui Trust & Banking Co. will next month invest in an asset management joint venture by Sumitomo Trust & Banking Co. and Daiwa Bank, Chuo Mitsui officials said Friday.
BUSINESS
Jan 26, 2002

Firms to expedite restructuring, boost profits

Major Japanese companies are expected to boost their profitability through restructuring efforts from 2002 and thus revitalize the local stock market, according to a Japanese unit of Zurich-based Credit Suisse Group AG.
JAPAN
Jan 26, 2002

Report aims at cleanup of soil pollution

An advisory body to the Environment Ministry submitted a report Friday proposing steps to prevent and clean up soil pollution, and manage health risks posed by land already contaminated.
JAPAN
Jan 25, 2002

Meiji Life to merge with Yasuda Mutual

Meiji Life Insurance Co. and Yasuda Mutual Life Insurance Co. announced plans Thursday to merge by April 2004, putting the heat on other life insurers to follow suit in a bid to survive share price plunges, cutthroat competition and a decline in policyholders.
JAPAN
Jan 25, 2002

Voluntary green effort, not laws, urged

Japan should not introduce new environmental regulations for three years and instead rely on voluntary efforts by the private and business sectors to fight global warming, a government advisory panel said Thursday.
EDITORIALS
Jan 24, 2002

How to check nosocomial infection

Yet another outbreak of hospital-acquired group infection caused by serratia bacteria has occurred. At a hospital in Tokyo's Setagaya Ward, a total of 12 inpatients on the same floor were infected, and seven of them died within a week. This is an extremely serious case of medical error.
SUMO
Jan 24, 2002

Victory makes Tochiazuma perfect 11-0 at Hatsu Basho

Ozeki Tochiazuma got rough and rugged with rank-and-filer Kotonowaka on Wednesday to retain the lead with an unblemished record while Chiyotaikai sent Kotomitsuki into the ringside seats to stay one step back at the New Year Grand Sumo Tournament.
BUSINESS
Jan 24, 2002

NTT share price falls to new low

The share price of Nippon Telegraph and Telephone Corp. fell sharply Wednesday to a record low 377,000 yen amid heightened market fears over NTT's uncertain business outlook, brokers said.
BUSINESS
Jan 24, 2002

Labor bureaus asked to localize job aid

Health, Labor and Welfare Minister Chikara Sakaguchi on Wednesday called on the ministry's 47 prefectural labor bureaus to tailor their unemployment measures to the needs of their respective areas.
EDITORIALS
Jan 23, 2002

On track toward a new Afghanistan

With participating countries and organizations committed to making positive contributions to Afghan recovery and reconstruction, the Tokyo conference took a major step toward bringing civility and democracy to the war-ravaged country. Sixty-one nations and 21 international organizations pledged grants...
BUSINESS
Jan 23, 2002

Keidanren mission to visit Southeast Asian countries

The Federation of Economic Organizations (Keidanren) said Tuesday it will dispatch a mission to Thailand, Indonesia, Singapore and Vietnam from March 28 to April 6.
BUSINESS
Jan 23, 2002

Tepco enters gas market in deal with Nippon Steel

Tokyo Electric Power Co. will sell 30,000 tons of natural gas to Nippon Steel Corp. on an annual basis beginning in 2003, marking Tepco's first move into the natural gas retail market, sources close to the deal said Tuesday.
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
Trump pledges 25% tariffs on Canada and Mexico, and more levies on China
U.S. President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, on Nov. 19. Trump on Monday threatened to slap China, Mexico and Canada with hefty tariffs upon his return to the White House.
AI boom makes 139-year-old cable maker Japan’s hottest stock
Fujikura's headquarters in Tokyo's Koto Ward. The company's share price has surged by more than 400% this year.
Japan’s sauna movement: Relax, refresh, repeat
Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
Funeral held for Princess Yuriko at Tokyo cemetery
Crown Prince Akishino and Crown Princess Kiko, followed by Princess Aiko and Princess Kako, prepare to attend a funeral service for Princess Yuriko at Toshimagaoka Cemetery in Tokyo on Tuesday.
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
How Japan can exit the fossil fuel subsidies it can’t seem to quit
A man walks past a gasoline station in Tokyo on Thursday.
Are you leaving your loved ones digital legacies or headaches?
The National Consumer Affairs Center reports a growing number of consultations regarding "digital legacies" — data and online services left behind when people die.
Rayssa Leal and Chloe Covell on Japan’s teen skaters: We are friends, not rivals
Brazil’s Rayssa Leal celebrates after winning the women's Street League Skateboarding competition on Saturday in Tokyo.
An iconic 32-foot doughnut might give Randy’s an edge in Japan
Randy's Donuts in Inglewood, California. Replicas of the giant doughnut sculpture will be installed, where possible, at shops in Japan.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Greg Dvorak

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