Search - business

 
 
COMMENTARY
Dec 22, 2000

The EU gets ready to grow

LONDON -- The recent European Union summit at Nice seems to have been bad tempered and acrimonious. Yet it eventually, even if only after days of wrangling, ended in an agreement of sorts and the way is now open to the admission of new members from Eastern Europe and the Mediterranean, leading in due...
BUSINESS
Dec 21, 2000

Vodafone expands presence in Japan

In a move to secure a foothold in the Japanese market, cellphone operator Vodafone Group PLC of Britain said Wednesday that it has signed a contract to acquire 15 percent of Japan Telecom Co.'s outstanding stocks from two Japan Railway group firms.
COMMENTARY / World
Dec 21, 2000

Time once again for Russia's perennial heating crisis

VLADIVOSTOK, Russia -- The communist central planners who designed modern Russia's infrastructure devised a system of boiling water kilometers from where it is needed, running it through aboveground pipes across a region where temperatures can drop as low as minus 40 C -- and expected this to warm the...
JAPAN
Dec 21, 2000

Regenerative cartilage may replace artificial joints

Artificial joints normally last 12 to 13 years, but regenerative cartilage could make them obsolete, according to Tetsuya Tateishi, a professor at the University of Tokyo.
JAPAN / Media / MEDIA MIX
Dec 21, 2000

Success of discount barns should come as no surprise

" 'Tis the season," and while many a crabby gaijin points out that Japan's decidedly commercial spin on Christmas excludes its religious meaning, shopping makes a lot of people happy, so why knock it?
JAPAN
Dec 20, 2000

Product helps diabetics, but not here

Japanese businesses wanting to develop techniques for the regeneration of human tissue and commercialize their products are facing a major obstacle.
BUSINESS
Dec 20, 2000

Cerberus to waive most of credits owed by Dia

U.S. investment fund Cerberus Asia Capital Management LLC has agreed to waive claims on 17 billion yen of its 23 billion yen in credits to Dia Kensetsu Co., the nation's second-largest condominium builder, it was announced Tuesday.
JAPAN
Dec 20, 2000

Kingpins accountable in mistaken gang hit

The Supreme Court on Tuesday upheld a lower court ruling ordering the leaders of two gangster organizations in Okinawa Prefecture to pay roughly 57.5 million yen to the parents of a youth who was fatally shot in 1990 after being mistaken as a rival gangster.
BUSINESS
Dec 20, 2000

Mitsubishi Motors to shut down major plant in Nagoya

Mitsubishi Motors Corp. plans to close one of its three main domestic car assembly plants during fiscal 2001, which begins next April, company sources said Tuesday.
BUSINESS
Dec 20, 2000

Members of new economic advisory panel named

The government on Tuesday unveiled the lineup of a soon-to-be-launched advisory panel that is hoped to play a key role in setting the direction of economic and fiscal policies.
LIFE / Digital
Dec 20, 2000

Gifts galore for the gadget lover

Japan constantly churns out high-tech gadgets, and Christmas is a great time to buy the best.
BUSINESS
Dec 19, 2000

Rising path seen ahead for growth stocks

The Tokyo stock market appears to have hit a recent bottom on Nov. 22 when the key 225-issue Nikkei average dropped to 14,301.31, its lowest closing reading since March 4, 1999.
BUSINESS
Dec 19, 2000

Daiei names more stores for closure

Ailing supermarket chain operator Daiei Inc. said Monday it will shut down its stores in Chiba Prefecture's Narita and Kisarazu and four other outlets by the end of February as part of a rehabilitation program that will shutter a total of 32 shops.
JAPAN
Dec 19, 2000

Mori allots 250 billion yen toward IT 'revolution'

Prime Minister Yoshiro Mori on Monday unveiled the breakdown of a 700 billion yen special budget that places special emphasis on efforts to realize an information technology "revolution" in Japan.
JAPAN
Dec 18, 2000

Businessman found with gun, bullets

OSAKA -- Police found a businessman in possession of a handgun and five rounds of ammunition at his home Saturday night while investigating a suspicion that he had handcuffed and confined an employee.
JAPAN
Dec 18, 2000

FRC declares two Korean credit unions insolvent

The Financial Reconstruction Commission on Saturday declared Kansai Kogin and Tokyo Shogin insolvent, believing the credit unions are severely undercapitalized, and will appoint administrators to oversee them, FRC officials said.
EDITORIALS
Dec 17, 2000

Words in their best order

Whereas this editorial leader is at least in part calculated to obfuscate momentous contemporary issues, the better to emerge astonishingly prescient after the fact, it will deliberately adopt a stance of maximum evenhandedness, indeed obliquity, and trust an indefatigable readership to plumb, if not...
JAPAN
Dec 17, 2000

Japan, U.S. urged to forget trade spats and rethink focus

Japan and the United States should shift the focus of their economic relationship away from coping with individual trade issues and toward creating a more business-friendly environment, according to a still-classified Foreign Ministry report.
BUSINESS
Dec 16, 2000

Reform panel chief hits wall of regulations, vested interests

After making steady progress in the economic field, Japan's deregulatory efforts are now entering a more difficult stage as they come to grips with social regulations, according to Yoshihiko Miyauchi, chairman of Orix Corp. and head of a government panel on regulatory reforms.
BUSINESS
Dec 15, 2000

Nissan now switching focus to domestic competitiveness

Looking back on a year in which Nissan Motor Co. appears to have finally stemmed its downward slide, President Carlos Ghosn said that regaining competitiveness in the domestic market will be the automaker's priority for the coming year.
BUSINESS
Dec 15, 2000

GDP actually fell in third quarter

The Economic Planning Agency will likely revise the gross domestic product data for the July-September quarter from a 0.2 percent quarter-to-quarter expansion to a contraction, an EPA official acknowledged Thursday.
COMMENTARY
Dec 15, 2000

Japan ties under Bush hinge on U.S. economy

Call it U.S. exceptionalism or a deep distrust of government. Whatever it is, Americans have demonstrated a historical preference for divided government as a check against one-party dominance. But nobody had ever expected a U.S. election with a hairline split and as much divisiveness as the one that...
EDITORIALS
Dec 14, 2000

Help needed for discontented workers

Despite the continuing bleak employment picture, perhaps partly because of it, many Japanese working men and women say they are unhappy in their jobs. This is not surprising, since changes in the traditional workplace are occurring so rapidly that the old rules and procedures for minimizing employee...
JAPAN
Dec 14, 2000

LDP, partners hope tax relief fires economy

The ruling Liberal Democratic Party and its coalition partners reached a basic agreement Wednesday on a final draft of their annual tax code revisions for fiscal 2001 that features steps to support the nation's fragile economic recovery through tax breaks totaling some 177 billion yen.
BUSINESS
Dec 14, 2000

Biggest union calls for performance-based pay

Nippon Telegraph and Telephone Corp.'s 210,000-strong labor union decided Wednesday to push for the adoption of a new wage system that gives priority to results rather than seniority.
SPORTS / SPORTS SCOPE
Dec 14, 2000

Owners taking the hands-on approach

Watching Mario Lemieux as he made his rounds in Japan this past October, one could sense there was something very wrong with the picture. At various functions in Tokyo leading up to the National Hockey League opening games, here was this strapping 6-foot-5 man, just turned 35, looking healthy and fit...
BUSINESS
Dec 13, 2000

Brewers must beat problems to diversify, Moody's reports

While Japanese brewers will diversify into other beverage products to cope with the new dynamics of the domestic market, numerous obstacles to becoming comprehensive drink providers could undermine this reorientation and hurt credit quality, Moody's Investors Service Inc. said Tuesday in a special report....
CULTURE / Books / THE ASIAN BOOKSHELF
Dec 13, 2000

The willow world stripped bare

GEISHA: The Secret History of a Vanishing World, by Lesley Downer. London: Headline Books, 2000, 370 pp., 20 British pounds. A common question asked about geisha is: Do they or don't they? Their attraction seems balanced between artistic prowess and sex appeal, but just how often is the latter properly...

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