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November 26, 2024
 

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Japan Times
JAPAN
Feb 14, 2003

Loan sharks feasting on ballooning number of people deep in debt

With the economy in the doldrums for years and unemployment at a record high, Japanese are racking up debts, falling prey to loan sharks and declaring bankruptcy by the thousands.
Japan Times
BUSINESS
Feb 14, 2003

Toray Industries chief puts faith in technological research

Sadayuki Sakakibara, president of Toray Industries Inc., is confident there are researchers at his company who have the potential to win a Nobel Prize, just like Shimadzu Corp.'s Koichi Tanaka.
COMMENTARY / World
Feb 13, 2003

Time for a Japan-Chile free trade accord

Chilean President Ricardo Lagos is currently visiting Japan at the official invitation of Prime Minister Junichiro Koizumi. I suppose that one of the aims of his visit is to ask Japan to begin a joint study with Chile on the possibility of a free trade agreement, or FTA, between Japan and Chile. I say,...
BUSINESS
Feb 11, 2003

Nissho Iwai targets bonuses to shape up ahead of merger

Nissho Iwai Corp. has proposed to its union that it pay no bonuses to nonmanagement staff in the business year starting April 1, a move that would effectively cut their annual salaries by about 20 percent, company officials said Monday.
BUSINESS / ON MANAGEMENT
Jan 14, 2003

The Bad News Bearer: How to look good even if the tidings aren't glad

The scene was a lavish business function, the type we're seeing less and less of these days. Asked by an earnest professor at a prestigious business school what sort of unorthodox job skills he would wish on today's generation of MBAs, the CEO -- and the party's host -- thought a moment before flashing...
JAPAN
Jan 10, 2003

Recession proving to be karaoke industry's ultimate sour note

After a decade in the karaoke business, lounge owner Kagura Muto has heard her share of sour notes. But business of late has been a different sort of flat.
BUSINESS
Jan 8, 2003

Major banks opt to put greater emphasis on private banking

The banking industry has begun putting greater emphasis on private banking as it seeks to increase profitability and eradicate huge loan-loss charges.
COMMENTARY
Jan 6, 2003

Time to rock economic boat

After remaining in the doldrums for more than 10 years, the Japanese economy is now plagued by deflation. The Tokyo Stock Exchange's benchmark Nikkei index has fallen to the 8,500 level, and the nation's unemployment rate remains high. Last fall the government announced a policy package for expediting...
EDITORIALS
Dec 23, 2002

Pay cuts demand job security

It has been a long time since the word "shunto" -- the spring labor offensive -- stood for its traditional meaning. With the domestic economy caught in a deflationary spiral, the idea of winning across-the-board wage concessions from management on top of regular pay increases no longer holds water. So...
BUSINESS
Nov 26, 2002

Seiyu to sell financing unit to Lone Star

Major supermarket chain Seiyu Ltd. said Monday it will sell Tokyo City Finance Co. to the U.S. investment fund Lone Star Group on Friday.
BUSINESS
Nov 19, 2002

NTT posts first-ever fall in consolidated revenues

Telecom giant Nippon Telegraph and Telephone Corp. reported Monday that its consolidated sales fell 1.7 percent to 5.37 trillion yen in the fiscal first half to Sept. 30, marking the first-ever decline in revenue since the firm's privatization in 1985.
Japan Times
JAPAN
Nov 14, 2002

Innovation takes off if colleges, businesses link: Stanford head

With the economy in dire need of a boost, an increasing number of Japan's universities have, with government support, started collaborating with the private sector to create new businesses to revamp the nation's industrial competitiveness.
BUSINESS
Nov 14, 2002

Profits must answer to ethics, expert says

The seemingly endless series of corporate scandals emerging around the world underscores the point that responsible business management is in the long term vital to making profits, according to the leader of a global group that promotes business ethics.
Japan Times
COMMUNITY
Oct 26, 2002

Social entrepreneur targets cross-cultural themes

Ken Nakamori has a dream: a vision of deepening the understanding between people of different countries and creating a new bridge of communication through digital media communities.
EDITORIALS
Sep 26, 2002

A harmful exception to the rule

Banking reform in Japan continues to disappoint. The general perception is that both authorities and banks are mostly taking stopgap measures, such as the Bank of Japan's plan to buy bank shares. Another notable example of expediency is the de facto reversal of the government decision to abolish full...
COMMENTARY / World
Sep 23, 2002

Reform delays discouraging

Junichiro Koizumi was Japan's first prime minister to receive a mandate to push structural reforms by convincing the public that there would be no economic growth without painful reforms. It remains to be seen, however, whether Koizumi will succeed in his reforms. More than a year after launching his...
JAPAN / INTERNATIONAL RATIONALE
Aug 23, 2002

Japan gropes for ideal corporate governance model

The rash of U.S. corporate scandals has rocked the Japanese business community, which until recently admired the success of the American business model.
Japan Times
BUSINESS
Aug 16, 2002

JETRO eyes networking role

To help revitalize the nation's economy, the Japan External Trade Organization must play a key role in supporting Japanese firms in building business networks in East Asia and invite foreign companies into Japan, the new JETRO chairman said.
BUSINESS
Aug 10, 2002

Japan Telecom to sell off part of engineering unit

Japan Telecom Holdings Co. said Friday it has agreed to sell off part of an engineering subsidiary to Australian-based construction and real estate company Bovis Lend Lease Corp. in an effort to concentrate on its core telecommunications business.
Japan Times
JAPAN / CLOSE NEIGHBORS
Aug 9, 2002

Asian appliance firms seek cracks in Japanese market

Customers shopping for TVs, refrigerators, microwave ovens and other electrical appliances are increasingly likely to come across brand names Galanz, Haier, LG and Samsung, which feature stylish designs and low prices that undercut those of their Japanese rivals.
JAPAN
Aug 7, 2002

USJ's problems may stem from a cultural divide

OSAKA -- The Universal Studios Japan theme park is in the throes of a cultural divide over the handling of negative publicity generated by a recent slew of scandals, with some local media outlets accusing American officials of dodging the issue.
BUSINESS
Jul 2, 2002

Merger forms nonlife insurer Sompo Japan

Yasuda Fire & Marine Insurance Co. and Nissan Fire & Marine Insurance Co. merged Monday to form Japan's second-largest nonlife insurer, Sompo Japan Insurance Inc.
COMMUNITY
Jun 30, 2002

Sagae folk enjoying the fruits of their labor

Japan may be famously crazy about cherry blossoms, but the sakuranbo of Sagae City, Yamagata Prefecture, don't attract attention until long after their white flowers have fallen off. Sakuranbo are fruit cherries, and Sagae and neighboring Higashine cultivate more of them than anywhere else in the country....
BUSINESS
Jun 12, 2002

Lower taxes by March possible, Fukuda states

Chief Cabinet Secretary Yasuo Fukuda sounded a hopeful note Tuesday that tax cuts could be introduced by the end of March.
BUSINESS
Jun 6, 2002

Capital spending down in January-March

Capital spending by firms in all industries fell 16.8 percent in the January-March quarter from a year earlier to 11.05 trillion yen, the Finance Ministry said Wednesday.
Japan Times
BUSINESS
May 24, 2002

Snow Brand Milk posts 71.74 billion yen net loss

Struggling Snow Brand Milk Products Co. said Thursday it posted a group net loss of 71.74 billion yen for the 2001 business year, 35 percent worse than the year before, due to plunging sales in the wake of a food mislabeling scandal at its meat packing subsidiary.
Japan Times
JAPAN
May 17, 2002

Contractor focuses on middle-aged hires

A small contractor in Yokohama is challenging the country's rigid labor market with an unusual strategy -- recruiting the middle-aged.
BUSINESS
Apr 24, 2002

Colleges now cast as economic saviors

The government is turning its eye to the nation's universities in a bid to uncover a potential gold mine in venture business ideas and help lift the economy out of its prolonged slump.
Taiwan stuns Samurai Japan to capture Premier12 title
Japan starter Shosei Togo reacts after allowing a three-run home run against Taiwan in the fifth inning of the Premier12 final on Sunday.
Japan and U.S. to form missile plan in case of Taiwan emergency
A U.S. Marine Corps M142 High Mobility Artillery Rocket System (HIMARS) and a Japanese Ground Self-Defense Force Type 12 Surface-to-Ship Missile (12SSM) system are put on display at a symposium at a base in Kisarazu, Japan, in June 2022.
Preparations for Osaka Expo well underway amid lack of excitement
The Grand Ring, a symbol of the 2025 World Exposition in Osaka
Ishiba shelves proposal for liaison offices with North Korea amid rising tensions
Prime Minister Shigeru Ishiba speaks on Saturday in Tokyo at a rally that was held by a group of families of Japanese citizens abducted by North Korea decades ago to demand the immediate return of all abductees.
'Kohaku' still matters for J-pop bragging rights
Emerging Gen Z J-pop group ME:I will perform on this year's "Kohaku Uta Gassen," national broadcaster NHK’s New Year's Eve spectacle.
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.
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.
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.

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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