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JAPAN
Apr 26, 2002

Ex-LTCB exec must pay RCC 100 million yen

The Tokyo District Court on Thursday ordered a former vice president of the failed Long-Term Credit Bank of Japan to pay 100 million yen in compensation to the Resolution and Collection Corp. for approving irrecoverable loans to a resort developer in 1992.
BUSINESS
Apr 26, 2002

Japan Telecom to cut spending

Japan Telecom Co. announced Thursday a midterm business management plan that includes cutting planned capital expenditures by up to one-third by the end of the 2004 business year.
BUSINESS
Apr 26, 2002

Toshiba, NEC, Fujitsu report huge losses

High-tech giants Toshiba Corp., NEC Corp. and Fujitsu Ltd. on Thursday reported decreased sales and huge losses for the 2001 business year, blaming the slump in global demand for semiconductors and a sharp decline in prices.
LIFE / Language
Apr 26, 2002

How Greek myths live on in English expressions

You'd think Greek myths might have lost their relevance by now, almost 3,000 years after they were first written down. But they are so full of vibrant stories and characters that people still often allude to them in their daily lives, and many references from them have become part of the English language....
BUSINESS
Apr 26, 2002

Nichido Fire rapped for car policies

The Financial Services Agency ordered Nichido Fire & Marine Insurance Co. on Thursday to suspend some of its operations after it was found to have sold an unauthorized type of automobile insurance.
Japan Times
JAPAN
Apr 25, 2002

IWC factions set for annual showdown

Government delegates and experts from prowhaling and antiwhaling nations have gathered in the traditional whaling town of Shimonoseki, Yamaguchi Prefecture, for the Thursday start of the International Whaling Commission's 54th annual conference.
JAPAN
Apr 25, 2002

Osaka-Pusan ferry service begins

OSAKA -- A new ferry service connecting Osaka with Pusan, South Korea, went into service Wednesday.
JAPAN
Apr 24, 2002

Nabbed prosecutor now probed for tax evasion

OSAKA -- The prosecutor arrested Monday on suspicion of fraud owns 16 real estate properties but has not declared at least 5 million yen in rent revenue, informed sources alleged Tuesday.
BUSINESS
Apr 24, 2002

Shareholders to get chance to vote online

About 100 companies in Japan this year will allow or consider allowing shareholders to use the Internet to vote in place of mailing in ballots or attending meetings, according to surveys conducted by trust banks.
BUSINESS
Apr 24, 2002

Mizuho faults known: Tokyo Gas

Tokyo Gas Co. said Tuesday that the Mizuho financial group knew it was having problems integrating the computer systems of its three component banks before the April 1 merger.
BUSINESS
Apr 24, 2002

Suntory to sell 'happoshu' ad space

OSAKA -- Suntory Ltd. in June plans to launch a low-malt beer carrying advertisements for other firms, company officials said Tuesday.
BUSINESS
Apr 24, 2002

JAL-JAS merger plan likely to get approval

The Fair Trade Commission is expected to approve a revised merger plan submitted Tuesday by Japan Airlines and Japan Air System.
JAPAN
Apr 24, 2002

Consultant charged with tax evasion

Mitsuro Ozaki, a Tokyo consulting firm executive already indicted for bribery, was charged Tuesday with allegedly evading more than 32 million yen in corporate taxes.
BUSINESS
Apr 23, 2002

Let firms police selves, panel says

An advisory panel to Prime Minister Junichiro Koizumi on Monday suggested that companies enter into covenants with their customers regarding product quality and safety.
BUSINESS
Apr 23, 2002

Nidec to make minimotors in China

Precision motor manufacturer Nidec Corp. said Monday it will set up a subsidiary in Guangdong Province, China, in mid-May to produce small precision motors for use in multimedia equipment, such as CD-ROMs and DVDs.
COMMENTARY
Apr 23, 2002

A path through the smoke

Japan indisputably is the top smokers' paradise in the industrial world, as well as in East Asia, where China, South Korea, Hong Kong and Taiwan are tightening restrictions on smoking. In Japan, smoking is allowed in many government and company offices, restaurants and taxis. Some hospitals do not restrict...
BUSINESS
Apr 23, 2002

Four firms to forge major Net alliance

NEC Corp., KDDI Corp., Japan Telecom Co. and Matsushita Electric Industrial Co. said Monday they will jointly develop broadband Internet content and services.
BUSINESS
Apr 22, 2002

Over 30% of firms to reduce recruitment due to IT slump

More than 30 percent of 150 major companies are planning to cut new recruitment next spring, mainly due to the slump in the information technology industry, a Kyodo News survey showed Sunday.
JAPAN
Apr 20, 2002

Three held in connection with mobile phone scam

Police said Friday they have arrested three men on suspicion of running a mobile phone scam in which victims were billed for unwittingly listening to sexual or other messages by calling back a number that appeared on their phones.
JAPAN
Apr 19, 2002

Travel agencies found in JET air-ticket scam

Major travel agency Kinki Nippon Tourist Co. was involved in a scheme last year in which it issued cut-rate airline tickets to JET teachers, billed local governments for regular fares and pocketed the difference, it was learned Thursday.
Japan Times
LIFE / Lifestyle / MATTER OF COURSE
Apr 19, 2002

Perfect parenting . . . it's all in the labeling

Here's what mid-April in Japan means to me: The cherry blossoms have come and gone, the kids are back in school and mothers all over the country are suffering writer's cramp from labeling school gear.
BUSINESS
Apr 18, 2002

Softbank net profits down 91%

Softbank Investment Corp. said Wednesday its group earnings plunged in the first half through March 31, blaming falling revenues on the extended economic slump and stagnant stock market conditions.
BUSINESS
Apr 18, 2002

Hitachi, IBM to form hard disk drive alliance

Hitachi Ltd. and International Business Machines Corp. said Wednesday they have agreed to form a strategic alliance in the field of storage technologies and will set up a joint venture to integrate their hard disk drive operations.
Japan Times
BUSINESS
Apr 17, 2002

Heads begin to roll over Mizuho fiasco

The former presidents of Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan -- the three components that on April 1 merged into two banks under Mizuho Holdings Inc. -- will step down to take responsibility for the sputtering group's ongoing computer snarls.
BUSINESS
Apr 17, 2002

Lawson reports 11% profit drop

Lawson Inc., the nation's second-largest convenience-store chain operator, said Tuesday its group pretax profit fell 10.9 percent to 35.21 billion yen in the year ended Feb. 28.

Longform

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