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BUSINESS
Jun 9, 2000

Machinery orders record fourth month of decline

Core private-sector machinery orders in Japan shrank a seasonally adjusted 1.1 percent in April from March, marking the fourth consecutive month of decline, the Economic Planning Agency said Thursday.
JAPAN
Jun 4, 2000

FRC, Softbank-led group near NCB deal

The Financial Reconstruction Commission and a consortium led by Softbank Corp. have bridged their differences over the purchase of the failed Nippon Credit Bank, a participant in the negotiations said Saturday.
LIFE / Food & Drink / TOKYO FOOD FILE
May 25, 2000

On a culinary cruise in Akasaka

We have numerous restaurants which bear the name of their chefs, owners or svengalis. But Denis Allemand is perhaps the first to proudly boast the name of the man responsible for its interior design -- whose main work in Japan up to now has been producing deli-diners in airport departure lobbies for...
BUSINESS
May 24, 2000

Brokers must inform about risks

The House of Representatives on Tuesday passed and enacted an investor protection bill that obliges brokers to inform investors of the risks involved when investing in specific financial products.
BUSINESS
May 23, 2000

'99 tertiary industry logs 2% growth

Activity in Japan's tertiary industries grew 2 percent in fiscal 1999 over the previous period for the first year-on-year rise in three years, according to a preliminary report issued Monday by the Ministry of International Trade and Industry.
BUSINESS
May 20, 2000

Mitsubishi group's net profits drop 78% to 5.57 billion yen

Trading house Mitsubishi Corp. said Friday that its group net profits plunged 78 percent to 5.57 billion yen in fiscal 1999, on sales of 13.109 trillion yen, down 4.2 percent.
JAPAN
May 13, 2000

Mori reports assets totaling 130 million yen

Prime Minister Yoshiro Mori owned some 130 million yen in personal and family assets as of April 5, the day his Cabinet was launched, according to government data released Friday.
BUSINESS
May 13, 2000

NEC drags itself back into the black

NEC Corp. is back in the black after posting 30.2 billion yen in consolidated pretax profit for the business year that ended March 31, the major computer and chip manufacturer reported Friday.
JAPAN
May 10, 2000

Landlord poll finds a quarter turn elderly away

About 25 percent of real estate agents and other property managers said they have denied elderly clients a lease on such grounds as difficulty in dealing with sudden illness, an industry survey said earlier this week.
JAPAN
May 2, 2000

Daiichi Mutual ordered to shut down

The Financial Supervisory Agency ordered financially troubled Daiichi Mutual Fire & Marine Insurance Co. to suspend its operations Monday. It is the first bankruptcy in the nation's nonlife insurance sector.
LIFE / Food & Drink / TOKYO FOOD FILE
Apr 27, 2000

Ohmatsuya: Down on the farm, just off the Ginza

You could call Ohmatsuya rustic -- but only in the most Ginza sense of the word. It sits just one floor above the brand-name bustle of the street, inside a modern multistory building little different from any others occupying that premium patch of real estate. Step inside, however, and you could have...
COMMUNITY / Our Lives / WHEN EAST MARRIES WEST
Apr 19, 2000

Family life full of give and take

After 20 years of wedlock, my Japanese wife and I usually see things eyeball-to-eyeball, especially when staring at each other. Yet, there is one case where we match up like sushi and whipped cream.
ENVIRONMENT / WILD WATCH
Apr 19, 2000

Too harsh for humans, perfect for birds

Think of the automobile and which country comes to mind first? America, of course.
JAPAN
Mar 30, 2000

Cult lawyer gets 12 years for sarin attack

A former Aum Shinrikyo lawyer was sentenced to 12 years in prison on Wednesday for attempting to kill attorney Taro Takimoto with sarin gas in May 1994.
BUSINESS
Mar 28, 2000

Sumitomo, Mitsui tieup advanced by six months

Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. announced Monday they will merge in October 2001, moving up an earlier schedule by six months.
BUSINESS
Mar 25, 2000

Toyota Tsusho to take on 10% of Tomen

Toyota Tsusho Corp., a trading house affiliated with Toyota Motor Corp., will accept a request to take a stake of more than 10 percent in the embattled trading house Tomen Corp., sources close to Toyota Tsusho said Friday.
BUSINESS
Mar 15, 2000

Families' savings in '99 averaged 13.93 million yen

Salaried workers' families reported an average balance of 13.93 million yen in savings per household at the end of 1999, up 3 percent from the previous year, with the amount of money invested in stocks showing a substantial increase, an annual government survey released Tuesday showed.
BUSINESS
Mar 11, 2000

Two chemical firms to settle antitrust suit

OSAKA -- Daicel Chemical Industries Ltd. and Nippon Synthetic Chemical Industry Co. said Friday they have agreed to pay $39.7 million to settle out of court a U.S. antitrust lawsuit over their sales of sorbic acid.
BUSINESS
Mar 10, 2000

IT sector leads way for huge gains in corporate pretax profits

A triple-digit surge in the pretax profits of personal computer makers and telecommunication companies more than offset a steep decline in other sectors as the combined figure jumped 41.8 percent in the October-December quarter.
COMMENTARY / World
Mar 4, 2000

A new dawn for marketing in Japan

and MASAAKI KOTABE The Japanese market holds much promise for U.S. firms as new forms of doing business evolve. Mail-order and nonstore retailing are becoming part of the daily consumer landscape. Likely to be even more prominent is the ability to conduct business in "market space" rather than the traditional...
BUSINESS
Mar 1, 2000

Nippon Asset's rehab plan approved by Tokyo court

The Tokyo District Court has approved a rehabilitation plan submitted by Nippon Asset Management Inc. pledging to repay roughly 30 percent of its debts in five years.
ENVIRONMENT
Mar 1, 2000

Why ignore the canaries in the coal mine?

For all that the toads that I wrote about in this column a few weeks back have thick warty skins, amphibians in general are thin-skinned and very sensitive. That sensitivity is proving their undoing, and we should be paying much more attention to their demise than we are.
COMMUNITY
Feb 24, 2000

Home is where change is

A visit to Tobetsu would surprise anyone looking for a glimpse of "old Japan" in the countryside.
JAPAN
Feb 22, 2000

Ex-fugitive again denies Itoman breach of trust

OSAKA -- Former fugitive real estate developer Heo Young Joong, 52, on Tuesday pleaded not guilty again to charges of causing damage to the defunct trading house Itoman Corp. The Osaka businessman restated the plea when his Osaka District Court trial resumed Tuesday following a 28-month recess caused...
JAPAN
Feb 21, 2000

Tertiary industrial activity rose 1% in 1999

The nation's tertiary industry activity grew 1 percent in 1999, marking the first rise in two years, according to a preliminary report issued Monday by the Ministry of International Trade and Industry. The index of activity in the tertiary industry for the year stood at 103.2 against a base of 100 in...
JAPAN
Feb 8, 2000

Foreigner sues bank over loan rejection

An American journalist filed a lawsuit Tuesday against Asahi Bank after it refused his application for a housing loan because he does not have permanent residence status. The suit, filed with the Tokyo District Court, seeks 11 million yen in damages for the mental anguish inflicted by the bank's refusal. According...
BUSINESS
Jan 27, 2000

Postal savings outflow to help lagging shares

With money flowing into the stock market, investors are opting to purchase long-neglected low-priced stocks.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?