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BUSINESS
Jul 20, 2002

Diet enacts bills to liquidate JNOC, scale back state's hand in oil business

The Diet enacted legislation Friday to dissolve the debt-ridden Japan National Oil Corp. in 2005 and reshuffle the nation's oil-exploration and petroleum-stockpiling policies.
BUSINESS
Jul 20, 2002

Eco-fund creator urges responsible investment

Mizue Tsukushi, who introduced so-called eco-fund investment trusts to Japan, has called on individuals to make socially responsible investments to create a better environment.
BUSINESS
Jul 19, 2002

Asset-backed securities enjoying surge of popularity in Japan

Since British rock star David Bowie surprised Wall Street in 1997 by selling his old song royalties in bulk by issuing bonds, asset securitization has attracted greater public attention in Japan.
BUSINESS
Jul 19, 2002

PoweredCom, IIJ in tieup talks

PoweredCom Inc., a data communications firm owned by Tokyo Electric Power Co. and nine other utilities, is negotiating with Internet provider Internet Initiative Japan Inc. over a possible business integration deal, the two companies confirmed Thursday.
Japan Times
JAPAN
Jul 19, 2002

Suzuki aide pleads not guilty to bid-rigging charge

An aide to indicted lawmaker Muneo Suzuki pleaded not guilty Thursday to charges of rigging bids for a government-funded project on Russian-held Kunashiri island.
BUSINESS
Jul 18, 2002

Sony, NEC cut some PC prices

Sony Corp. and NEC Corp. have cut the shipment prices on some of their personal computers by 10,000 yen to 20,000 yen in response to price reductions by other computer makers, company officials said Wednesday.
BUSINESS
Jul 18, 2002

Red-ink firms could face big 'pro forma' tax bills

The implementation of a proposed "pro forma standard tax" would oblige red-ink companies that have been exempt from tax to pay an average of 1.79 million yen every year, four industry bodies said Wednesday.
COMMUNITY / How-tos / LIFELINES
Jul 18, 2002

Taking a break in Tokyo and getting to grips with coins

Did you miss me? Hopefully not. Due to stockpiling three columns, I was able to escape the worst excesses of rainy season to the U.K. for five weeks without leaving a gaping hole on the page.
BUSINESS
Jul 17, 2002

DBJ looks to help firms restructure

The Development Bank of Japan said Tuesday it has launched a special lending mechanism to help midsize companies implement drastic operational reforms as part of the government's policy to reinvigorate the economy.
Japan Times
CULTURE / Art / NEW ART SEEN
Jul 17, 2002

Taking a balanced view of life and death

Kristian Haggblom has some quirky ideas. Like the notion that an estimated 29,000 Lego building blocks are currently floating on the oceans of the world. I don't know where the Australian artist dug up this weird statistic, but he mentioned it twice in the course of our conversation last week. Haggblom...
BUSINESS
Jul 17, 2002

Asahi Diamond to set up two overseas units

Asahi Diamond Industrial Co., a maker of diamond-tipped tools, said Tuesday it will set up two subsidiaries this month, one in the United States and one in China.
BUSINESS
Jul 16, 2002

Sumitomo Mitsui Banking ATMs fail

Sumitomo Mitsui Banking Corp. said Monday its automated teller machine systems in eastern Japan failed during the morning for a short period.
MORE SPORTS
Jul 16, 2002

Japan qualifies for Rugby World Cup finals

SEOUL -- Japan maintained its proud record of having appeared at every Rugby World Cup finals when it beat South Korea 55-17 at Tondaemun Stadium, Seoul on Sunday to ensure it finished top of the Asian qualifying group.
EDITORIALS
Jul 14, 2002

The little cell phone that could

What is the single most annoying product of modern technology -- at least when other people use it? If letters to the editor of this newspaper are any indication, the clear winner is the cell phone. It seems that many, if not most, of us experience a surge of irrational irritation when we see people...
Japan Times
COMMUNITY
Jul 14, 2002

Buy 'em while supplies last

If there's one giant showroom where you can find up-to-the-minute electronic goods, it would have to be Akihabara's "Electric Town." In this high-tech mecca of global renown, emerging technologies hit the shelves with dizzying speed and deafening hype. If a product can leave an impression here, it can...
Japan Times
COMMUNITY
Jul 14, 2002

It's a wired, wired world

If you were among the hordes of shoppers itching to spend summer bonuses last weekend, perhaps you got caught up in the frenzy in Akihabara. Everywhere in Tokyo's "Electric Town," the hunt was on for air conditioners, computers, MD players, stereos and the latest flat-screen TVs.
BUSINESS
Jul 13, 2002

NTN to set up China auto parts unit

NTN Corp. said Friday it will set up a subsidiary in China in August to produce components for constant-velocity joints for use in cars.
BUSINESS
Jul 13, 2002

Bankruptcies increase 4.7%

The number of corporate bankruptcies during the first six months of 2002 rose 4.7 percent from a year earlier to 9,872, the third-highest number since World War II, Teikoku Databank Ltd. said Friday.
BASEBALL / MLB
Jul 13, 2002

Tigers dominate at All-Star Game

As George Arias rounded the bases, he was pumped, thrilled, excited. But he showed no exuberance, trotting back to the dugout in a cool, soothing manner like the picture of the Kirin Beer ad he had just hit with a monstrous 147-meter blast at the Tokyo Dome.
EDITORIALS
Jul 12, 2002

Narrow the wage gap

The important fact about Japanese wages today is that pay scales for regular workers have not fallen despite declining prices. This "downward rigidity" in seniority-based wages may be partly responsible for the growing presence of part-time workers and for the nation's persistently high level of unemployment....
JAPAN
Jul 12, 2002

Mitsui will be urged to halt ODA bids

The Foreign Ministry will urge major trading house Mitsui & Co. to temporarily refrain from bidding on projects related to official development assistance, ministry sources said Thursday.
BASEBALL / MLB
Jul 12, 2002

Carp owner dies

The owner of the Hiroshima Toyo Carp professional baseball team Kohei Matsuda died of stomach cancer at Keio University Hospital in Tokyo on Wednesday. He was 80.
Japan Times
JAPAN / CLOSE NEIGHBORS
Jul 11, 2002

Japan's carmakers tooling up for China

BEIJING -- Zhao Xue Bo, an international relations researcher at Beijing Broadcasting Institute, a national university, has been saving money for some time to buy a new car.
BUSINESS
Jul 11, 2002

NTT to launch Web chat service

NTT Communications Corp. said Wednesday it will start a new Web chat service in which animated characters augment written messages.
BUSINESS
Jul 11, 2002

Honda to export cars from China

The president of Honda Motor Co. said Wednesday his company will set up a joint manufacturing plant in the Chinese coastal city of Guangzhou to produce and export small cars to the rest of Asia, Europe, Australia and New Zealand.
COMMUNITY / How-tos / LIFELINES
Jul 11, 2002

Permanent status and foreign driving licences in Japan

Reader AEB from Kyushu writes: "I am single, have lived here in Japan for almost 10 years, and have a stable job. I hope to apply for permanent residency. I heard that you must have lived here for 10 years consecutively, or be married to a Japanese national.
BUSINESS
Jul 10, 2002

EU trade chief seeks overhaul of U.S. steel industry

European Union Trade Commissioner Pascal Lamy called Tuesday for a bold restructuring of the U.S. steel industry to resolve the global trade row prompted by Washington's imposition of emergency steel import tariffs.
Japan Times
CULTURE / Music / HIGH NOTES
Jul 10, 2002

Seigen Ono: 'So Peaceful, Simple and Strong'

Last month, when Marc Ribot was playing Aoyama Cay, one of Seigen Ono's people proffered an advance copy of "So Peaceful, Simple and Strong" to him backstage, saying, "It's good, Marc. It's really good." Ribot, heavy-lidded with jet lag and fatigue from touring Europe, grimaced and dropped the disc onto...

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