Search - business

 
 
JAPAN
Mar 3, 1997

ACCJ urges persistence to remove trade barriers

The U.S. government should continue playing an active role in Japan-U.S. trade issues and help U.S. companies gain greater access to the Japanese market, the American Chamber of Commerce and Industry said in a report released Mar. 3.
JAPAN
Feb 28, 1997

Unorthodox barber doesn't do dos

Kuniyoshi Konishi has struck gold with his new barbershop venture -- by adopting such oddball ideas as vacuuming the heads of customers after cutting their hair.
JAPAN
Feb 26, 1997

Chain stores call for more freedom

As a government review of the Large-Scale Retail Store Law looms, an association of chain stores called Feb. 26 for greater freedom in choosing closing times, business days and opening new stores.
JAPAN
Feb 26, 1997

Nissan to hire 900 grads in Spring 1998

Nissan Motor Co. announced on Feb. 26 that recruitment of non-engineering college and high school graduates will resume for the first time since 1995. The major automaker plans to hire a total of 900 people in the spring of 1998, a major increase from the 146 recruits the firm expects to hire in April...
JAPAN
Feb 25, 1997

Forum to seek public backing for nuclear project

Business leaders and academics supporting construction of a next-generation thermal fusion reactor in Japan set up a conference Feb. 25 to promote broader public consensus on the issue.
JAPAN
Feb 21, 1997

Life insurers opposed to banks moving in

The nation's life insurers joined ranks with their nonlife counterparts Feb. 21 in voicing opposition to the entry of banks into the insurance market through holding companies.
JAPAN
Feb 20, 1997

Insurance leader speaks out against allowing banks

Banks' entry into the insurance business would reduce competition and should not be permitted, even through holding companies, the head of the nation's nonlife insurance industry said Feb. 20.
JAPAN
Feb 18, 1997

Jupiter links with Canadian firm

Jupiter Telecommunications Co. announced Feb. 18 that it has signed a five-year contract with Canada-based digital communication device maker Northern Telecom Japan Inc. for the supply of telecommunications systems to be used in Japan's first cable TV telephone service network.
JAPAN
Feb 18, 1997

Ex-Pan Am employees announce revival in Asia

Hoping to complete an ironic twist of fortune, former employees of a U.S. airline that collapsed under deregulation in 1991 said Feb. 18 that they want to revive the carrier in East Asia -- by taking advantage of ongoing deregulation in Japan.
JAPAN
Feb 17, 1997

DPJ to submit pair of bills for more Kobe quake relief

The Democratic Party of Japan -- the second largest opposition force -- will soon submit to the Diet two bills designed to provide more financial aid to survivors of the Great Hanshin Earthquake.
JAPAN
Feb 12, 1997

Sony, Namco, Polygon to unite in graphics venture

To compete with rapidly advancing computer graphics technology in the U.S., Namco Ltd., Sony Computer Entertainment Inc. and Polygon Pictures Inc. announced Feb. 12 that they will jointly establish a company to produce digital contents for graphics-based films and entertainment software.
JAPAN
Feb 6, 1997

NEC develops the first four-gigabit DRAM

NEC Corp. announced Feb. 6 it has developed the world's first four-gigabit dynamic random access memory chip, capable of storing approximately the same amount of data as a CD-ROM.
JAPAN
Feb 5, 1997

Intersolv sets up Japanese subsidiary

Intersolv Inc., a computer software solution supplier based in Maryland, announced Feb. 5 that it has established a wholly owned subsidiary in Japan.
JAPAN
Jan 31, 1997

Shiseido to offer lifetime employment in junior year

From this spring, the guarantee of a job for life will be granted one year before students seeking to join cosmetics giant Shiseido Co. graduate from college, a policy that is expected to be copied at other firms.The firm announced Jan. 31 that it plans to interview in March college juniors who are...
JAPAN
Jan 31, 1997

GM Japan chief wary of weak yen

Douglas Herberger, president of General Motors Japan Ltd., expressed concern Jan. 31 over the yen's recent depreciation, saying the firm would have to reassess its strategies in Japan if the trend continues."If that trend continues, I will be very concerned," Herberger said, adding that he hopes exchange...
JAPAN
Jan 30, 1997

Britain still in running for investment, Toyota head assures

Hiroshi Okuda, president of Toyota Motor Corp., said his company has made no decision on future investment in Europe and Britain remains one of many possible options.In a statement issued Jan. 30, Okuda said, "The Toyota Motor Corp. position regarding future investment in Europe is now under study and...
JAPAN
Jan 29, 1997

Rapid decentralization of government urged

The government should swiftly move as many of its functions to local governments as possible to increase the efficiency of administrative services and reduce fiscal deficits, a business executive said Jan. 29.Ken Moroi, adviser to Chichibu Onoda Cement Corp. and head of the government advisory panel...
JAPAN
Jan 28, 1997

Mitsubishi Motors links up with Italian firm

Mitsubishi Motors Corp. announced Jan. 28 that it will entrust production of its new small sports utility vehicle for the European market to Industrie Pininfarina SpA, an Italian automaker, beginning in 1999.The two firms signed an eight-year agreement on the project, in which a total of 20 billion...
JAPAN
Jan 28, 1997

Sanyo to boost investment in solar battery business

Sanyo Electric Co. will invest 2.5 billion yen in its solar power battery operations in fiscal 1997 and another 10 billion yen in the following three years, Sanyo President Yasuaki Takano said Jan. 28. Takano said the strategy will make Sanyo a leader in the field in Japan by 2000.Takano predicted that...
JAPAN
Jan 22, 1997

Yen's quick decline concerns BOJ chief

Bank of Japan Gov. Yasuo Matsushita expressed concern Jan. 22 over the fast pace at which the yen is weakening against the dollar and said authorities will carefully monitor the foreign exchange market.Speaking at a news conference, the head of the central bank said it was desirable for foreign exchange...
JAPAN
Jan 17, 1997

Haneda slot allocation to favor new airlines

Landing and takeoff slots to be made available when a long-awaited runway at Haneda airport opens in April may be distributed in a way that encourages competition and favors fledging competitors, according to a Transport Ministry panel meeting Jan. 17."Reducing the differences in the number of slots...
JAPAN
Jan 14, 1997

Israeli envoy looking to boost trade

Israel Ambassador Moshe Ben-Yaacov said Jan. 14 that economic relations between Japan and his country are growing quickly, thanks to improved peace prospects in the Middle East.Bilateral trade has reached $2.2 billion, and increasing numbers of cars and other Japanese products are flowing into Israel,...
JAPAN
Jan 13, 1997

Astronaut kicks off earthquake symposium in Tokyo

With the second anniversary of the 1995 Great Hanshin Earthquake approaching, an international earthquake symposium in Tokyo got under way Jan. 13 attended by several quake experts and volunteers.Apollo 13 skipper James A. Lovell Jr. opened the meeting with a speech that stressed the importance of leadership,...
JAPAN
Jan 10, 1997

First day of civil aviation talks ends nowhere

Japan and the U.S. made no progress Jan. 10 in their first day of civil aviation talks, spending the session strongly rejecting each other's proposals, according to Transport Ministry officials. The discussions will continue Jan. 11.Saying it is unlikely that either side will agree to the current proposals...
JAPAN
Jan 9, 1997

Town's energy need blows in the wind

TACHIKAWA, Yamagata Pref. -- On a cloudy winter afternoon, a cold, fierce wind blowing from the Sea of Japan relentlessly turns three large windmills on a hill. Inside a nearby building with an oval-shaped roof, a man in work clothes keeps an eye on the windmills' control console, checking the rotors,...
JAPAN
Jan 9, 1997

U.K. official urges earlier decontrol

Kenneth Clarke, Britain's chancellor of the exchequer, urged Jan. 9 that sweeping deregulation of Japan's financial system be undertaken sooner than the current timetable of 2001, according to government officials.During a meeting with Finance Minister Hiroshi Mitsuzuka, Clarke said he hopes the reforms,...
JAPAN
Jan 6, 1997

TSE starts sluggishly as dollar tests 117 yen

Japan's financial markets started the New Year's first trading Jan. 6 with ominous news: The dollar momentarily reached 117 yen -- its highest level since March 1993.Although the U.S. currency later fell back to the 116 yen range, and the Nikkei Stock Average of the Tokyo Stock Exchange subsequently...
JAPAN
Jan 6, 1997

Reform decisively, leaders of economic groups warn

Leaders of the nation's four major economic organizations on Jan. 6 warned that the economy will remain sluggish this year unless the government embarks on a clear course toward full-scale reform.At the same time, the leaders said they are not so worried about the so-called "Japan-passing" trend whereby...
JAPAN
Jan 2, 1997

Will Japan be able to compete in the IR revolution?

In the past, a country's competitiveness was decided mostly by the productivity of its industries.
JAPAN
Jan 2, 1997

More failures to come as 'Jusen' iceberg emerges, many say

While public anger over the government's use of 685 billion yen in taxpayers' funds to liquidate seven "jusen" housing loan companies has subsided, this year may see the outbreak of yet another financial crisis that could eventually require the injection of public money.Analysts say the fuss over the...

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