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April 12, 2025
 

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JAPAN
May 14, 1997

Bad loans force credit firms to shift assets and operations

OSAKA -- Tanabe Credit Cooperative and Chogin Osaka Credit Association Branch, two Osaka-based small financial institutions that are burdened with mounting bad loans, announced May 14 they will transfer their assets and operations to other financial institutions.
JAPAN
Apr 25, 1997

NCB, Bankers Trust formally announce tieup

Nippon Credit Bank and Bankers Trust Company formally announced April 25 their agreement to collaborate on securitization of transactions and overseas financial business operations and to hold shares in each other.
JAPAN
Apr 25, 1997

Daiwa and Nikko post net losses

Daiwa Securities Co. and Nikko Securities Co., two of the nation's Big Four brokerage firms, on April 25 both reported net losses for the business year that ended March 31 due to the cost of bailing out their troubled affiliates.
JAPAN
Apr 11, 1997

Saito denies buying Diet seat

Real estate company chief Mamoru Saito, who is allegedly involved in the Orange Kyosai Kumiai mutual aid society fraud, repeatedly denied Friday that he distributed money to politicians to buy a Diet position for Upper House member Tatsuo Tomobe.
JAPAN
Apr 10, 1997

NCB plans tieup with Bankers Trust

Nippon Credit Bank and Bankers Trust New York Corp. announced April 10 their intention to forge a business tieup that would transfer NCB's overseas business to the U.S. bank and initiate a cross-shareholding arrangement between the two firms. The contract for the tieup, expected to be formally signed...
JAPAN
Apr 9, 1997

Tsumura pleads not guilty to breach of trust

Akira Tsumura, former president of leading Chinese medicine maker Tsumura & Co., and two colleagues on April 9 pleaded not guilty to aggravated breach of trust allegations related to loan improprieties.
JAPAN
Apr 8, 1997

CCPC buys 662.3 billion yen in loans

The Cooperative Credit Purchasing Co., a loan collection body set up by the nation's financial institutions, said April 8 that it bought loans worth 662.3 billion yen in principal terms during the latter half of fiscal 1996.
JAPAN
Mar 26, 1997

Realtor tight-lipped on Tomobe scandal

A Tokyo realtor who allegedly helped Tatsuo Tomobe win his Upper House seat in 1995 refused Mar. 26 to comment on the allegations, saying he did not want to incriminate himself.
JAPAN
Mar 25, 1997

Land liquidity plan may use special firms, tax breaks

A comprehensive package to spur land liquidity to be drawn up Mar. 24 would include such measures as allowing thecreation of special purpose companies within Japan by fiscal 1998 to help securitize land held as loan collateral, the finance minister said Mar. 25.
JAPAN
Mar 21, 1997

Exec tied to Tomobe scandal skips Diet testimony

Real estate company head Mamoru Saito, who is allegedly deeply involved in the Orange Kyosai Kumiai mutual aid society fraud, suddenly refused to give sworn testimony Mar. 21 before the Diet, claiming poor health.
JAPAN
Mar 21, 1997

Hong Kong's future secure as China set to return, exec says

With little more than three months to go before reverting to Chinese control, Hong Kong is confident it will maintain its economic prosperity and rule by law, Hong Kong's chief representative here said Mar. 21.
JAPAN
Mar 18, 1997

Hashimoto orders steps for raising land liquidity

Prime Minister Ryutaro Hashimoto on Mar. 18 instructed Finance Minister Hiroshi Mitsuzuka to draw up by the end of the month comprehensive measures to increase the liquidity of land held as collateral for loans.
JAPAN
Mar 15, 1997

Chief of Nomura steps down . . . again

The president of Nomura Securities Co., the nation's top brokerage, resigned Mar. 14 over the widening scandal caused by the company's illicit business practices on behalf of a firm run by a relative of a former "sokaiya" corporate extortionist.
JAPAN
Feb 28, 1997

Shinagawa plot sold for 184 billion yen

Japanese National Railways Settlement Corp. announced Feb. 28 that its 5.3-hectare plot of land located on the east side of JR Shinagawa Station would be sold to 10 firms for 183.8 billion yen.
JAPAN
Feb 20, 1997

Group advises on rent discrimination

A human rights group representing Korean residents will set up a three-day hotline next week to provide support and advice to foreigners facing discrimination in trying to find apartments.
JAPAN
Feb 5, 1997

TSE wooing foreign firms in effort to halt exodus

During the asset-inflated bubble economy of the late 1980s, when the Tokyo stock market was enjoying rocketing prices, brisk transactions and a high reputation, securities authorities did not have to worry about how to invite foreign companies to list. But times have changed.
Japan Times
BUSINESS / Tech
Jun 20, 2023

Survey finds 61% of firms in Japan are positive about generative AI use

The proportion of companies that have no plans to utilize generative AI stood at 17.7%.
Japan Times
COMMENTARY / World
Jun 14, 2023

How to restructure Chinese supply chains

China must reconfigure its industries and supply chains to meet the challenges posed by rising geopolitical tensions and rapid population aging.
Japan Times
WORLD / Politics
Jun 12, 2023

Former Italian leader Silvio Berlusconi dies at 86

Berlusconi, a billionaire businessman who created Italy's largest media company before transforming the political landscape, served as prime minister in 1994-1995, 2001-2006 and 2008-2011.
Japan Times
BUSINESS / Companies
Jun 9, 2023

Starbucks brews up cheaper India drinks as domestic rivals expand

Starbucks is revamping its strategy to lure Indians with smaller, cheaper beverages as it looks to expand in small towns amid a fierce challenge from domestic startups.
Japan Times
WORLD
Jun 5, 2023

'The more, the merrier': Trump boosted by bloated 2024 race

The larger the chasing pack, the more Donald Trump is likely to win by dividing the anti-Trump vote.
Japan Times
BUSINESS / Economy
Jun 1, 2023

Japanese firms ramp up capital spending in positive recovery sign

Japanese firms raised capital expenditure by 11.0% in the January-March period from the same period a year earlier, posting an eighth straight quarter of gains.
Japan Times
MORE SPORTS
May 21, 2023

Why do runners still race with paper pinned to their shirts?

Some athletes think racing bibs, a cornerstone of a runner’s race day kit and a source of race day revenue through sponsorships, are in need of an update.
Japan Times
WORLD
May 17, 2023

Icy northern U.S. city becomes haven for climate migrants

Despite its tough environment, Duluth in Minnesota is starting to make a name for itself as a refuge of sorts — for those fleeing global warming.
Japan Times
BUSINESS / Companies
May 15, 2023

Japan's top banks expect solid profits, MUFG sees record year

Sumitomo Mitsui Financial Group and Mizuho Financial Group, Japan's second- and third-largest lenders by assets, also expect their highest net profits since the mid 2010s.
Japan Times
BUSINESS
May 11, 2023

Cross-strait tensions no deterrent for Taiwan's embrace of clean wind energy

For now, economic arguments trump concerns about placing critical energy assets in what some security analysts believe could one day become a theater of war.
Japan Times
BUSINESS
May 2, 2023

First Republic sale, a relief for some, fails to quell fear of a persistent crisis

Hours after JPMorgan Chase & Co. agreed to buy First Republic, the news was digested over breakfast by attendees at the Milken Institute Global Conference in California.
Japan Times
JAPAN
May 1, 2023

Alibaba founder Jack Ma joins University of Tokyo as professor

As a visiting professor, he will provide advice on research topics and conduct research, especially in sustainable agriculture, as well as give seminars about entrepreneurship.
Japan Times
BUSINESS
May 1, 2023

Jerome Powell could face more opposition as Fed choices get tougher

Federal Open Market Committee voters have to decide whether to continue the inflation fight or try to cushion a slowing economy.
Takayasu’s latest heartbreak makes sumo history
Takayasu during the one-day Annual Sumo Tournament at the Ryogoku Kokugikan in Tokyo on Feb 9, 2020
How police are cracking down on 'scout' sex broker groups
The skyline during sunset in Shinjuku, Tokyo. Japan's new underground criminal groups operate under a highly organized and brutal system.
The man who sent Japan's cherry blossoms out to the world
Masatoshi Asari is one of Japan’s foremost living authorities on cherry trees and their blossoms.
Can a World Expo still matter? Japan is about to find out.
Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Tokyo cheers Trump’s tariff U-turn with second-biggest market gain ever
U.S. President Donald Trump looks on after signing an executive order in the Oval Office of the White House on Wednesday in Washington.
Can a World Expo still matter? Japan is about to find out.
Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
A trip to remember: Japan answers the demand for curated luxury travel
Shirakawa-go in Gifu Prefecture in 2017. Travel agencies catering to luxury tourists often include areas outside well-known cities such as Tokyo and Kyoto in their itineraries offered.
Can anyone deal with Trump better than Ishiba?
Having had two meetings with U.S. President Donald Trump, Prime Minister Shigeru Ishiba is slowly building a personal relationship with him, which matters greatly to the U.S. president and in resolving bilateral issues.
After two years in top job, BOJ's Ueda faces his biggest challenge yet 
Bank of Japan Gov. Kazuo Ueda at a news conference in January. He has been in the top position for two years.
How police are cracking down on 'scout' sex broker groups
The skyline during sunset in Shinjuku, Tokyo. Japan's new underground criminal groups operate under a highly organized and brutal system.

Podcast

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

Longform

Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.
By Tomoko Otake

SUSTAINABLE JAPAN

BOARDING & INTERNATIONAL SCHOOL DAY 2025 (Sunday, April 20)
BOARDING & INTERNATIONAL SCHOOL DAY 2025 (Sunday, April 20)

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