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JAPAN
Oct 19, 1998

Small firms get tips on coping with credit crunch

Managers from about 250 small and medium-size companies based in Tokyo gathered Monday for advice on coping with the worsening credit crunch.The Tokyo Chamber of Commerce hosted the seminar as many smaller firms are finding it difficult to obtain loans from Japanese financial institutions. Participants...
JAPAN
Oct 19, 1998

Six DKB execs freed for paying 'sokaiya'

The Tokyo District Court handed down suspended prison sentences Monday to six former Dai-Ichi Kangyo Bank executives in connection with the bank's illicit payments to "sokaiya" corporate extortionist Ryuichi Koike.Presiding Judge Kiyoshi Kimura sentenced former DKB Senior Managing Director Kenji Tanaka,...
JAPAN
Oct 19, 1998

Shiga rail crash hearings come to end

OSAKA -- The Osaka District Court concluded hearings Monday in a civil suit filed by relatives of some of the 42 people killed and 614 hurt in a head-on train collision in 1991 in Shigaraki, Shiga Prefecture.A group of 23 plaintiffs, relatives of nine of those killed, demanded a total of 1.14 billion...
JAPAN
Oct 19, 1998

Atami's fortune no longer springs eternal

Staff writerATAMI, Shizuoka Pref. -- This used to be one of the most popular spa resorts in Japan, with streets packed with yukata-dressed tourists and hotel rooms fully booked for company parties.But such memories have been fading in Atami. Hard-hit by earthquakes and the recession, the city's central...
JAPAN
Oct 14, 1998

Corporate failures in first half surge to postwar high

The number of corporate bankruptcies with debts of more than 10 million yen each totaled 10,034 during the first half of fiscal 1998 -- the April to September period -- major corporate research firm Teikoku Databank said Wednesday.It was the first time in 14 years the figure has exceeded 10,000 during...
JAPAN
Oct 14, 1998

Chiyoda Life, UNUM boost tieup

Chiyoda Mutual Life Insurance Co. and UNUM Corp., a major nonlife insurer in the United States, have agreed to strengthen their current sales tieup arrangements, with Chiyoda reinsuring UNUM's insurance contracts, the two companies said Wednesday.With the agreement, Chiyoda is the nation's first life...
JAPAN
Oct 13, 1998

Tax evasion, bribes earn Izui two years in prison

The Tokyo District Court sentenced oil dealer Junichi Izui to two years in prison Tuesday for tax evasion and bribery, and acquitted him on a fraud charge over a series of oil deals involving Mitsui Mining Co. and other firms.Presiding Judge Kohei Ikeda also levied 80 million yen in fines against the...
JAPAN
Oct 13, 1998

SmithKline wins 3 billion yen lawsuit

SmithKline Beecham Seiyaku K.K. was awarded some 3 billion yen in damages in a patent infringement lawsuit, the largest compensation ordered in such a case in Japan, the drug maker said.The Tokyo District Court ruled Monday that Fujimoto Seiyaku Co., a drug maker based in Osaka Prefecture, sold an ulcer...
JAPAN
Oct 9, 1998

Give banks in need of funds breathing space, Nonaka urges

Chief Cabinet Secretary Hiromu Nonaka voiced concern Friday about imposing excessive restrictions on banks asking for public funds.Sufficient information disclosure and clarification of management responsibility should be preconditions for infusions of public funds, the chief government spokesman told...
JAPAN
Oct 8, 1998

LTCB merger now 'option' for Sumitomo Trust

Sumitomo Trust & Banking Co. President Atsushi Takahashi hinted Thursday the bank's planned merger with the troubled Long-Term Credit Bank of Japan was effectively dead, saying the LTCB is now "one of the options" among the bank's alliance strategies.Takahashi, however, said it is too early to make...
JAPAN
Oct 6, 1998

Saison ties with H.I.S. in travel insurance

Saison Automobile & Fire Insurance Co., a nonlife insurance wing of the Saison group, and H.I.S. Co., a travel agency that has a strong foothold in the overseas travel market, reached a comprehensive tieup agreement Tuesday to provide new insurance services for those traveling abroad, the two companies...
JAPAN
Oct 5, 1998

Investment firm puts trust in disclosure

18th in an occasional series on financial deregulationStaff writerAlliance Capital Investment Trust Management Inc. of Tokyo is attempting to calm anxious customers by fully explaining how their funds have been hurt amid global financial instability, company President Takahiro Fujino said.The severe...
JAPAN
Oct 2, 1998

Toza students, creditors may be out of luck

OSAKA -- It is highly unlikely that students of the Kansai branches of the failed English-language school Toza Gaigo Gakuin or creditors of Alles, the school's operator, will recover their tuition or loan payments, as the bankrupt firm's collected assets were far less than taxes owed, an administrator...
JAPAN
Oct 2, 1998

New technology firms to show wares at OCCI forum

OSAKA -- The Osaka Chamber of Commerce and Industry is inviting companies to the Global Venture Forum '98, slated for later this month, to view new technologies created by venture businesses in Japan and other countries.At the two-day convention starting here Oct. 22, 35 venture companies from eight...
JAPAN
Sep 28, 1998

Mitsubishi Motors accelerates streamlining

Staff writerTo expedite its restructuring program, Mitsubishi Motors Corp. has revised its earlier plan to reduce the number of employees and interest-bearing liabilities, an executive of MMC said Monday.
JAPAN
Sep 28, 1998

City banks Tokai, Asahi agree on retail tieup

In a strategic move to strengthen their presence in the retail banking field, Tokai Bank and Asahi Bank, both among the nation's nine major city, or commercial, banks, reached a comprehensive tieup agreement Monday to consolidate their branch offices and jointly develop financial products.
JAPAN
Sep 25, 1998

Defense Agency spurns NEC, Toyo

The Defense Agency announced Friday that it will suspend business dealings with electronics giant NEC Corp. and affiliate Toyo Communication Equipment Co. from Oct. 1 in the wake of a procurement scandal involving former officials of the agency and the companies.
JAPAN
Sep 25, 1998

JNR Settlements given 191 billion yen in rescue loans

The government decided Friday to extend about 191 billion yen in relief loans to JNR Settlements Corp. to avoid the public corporation's possible default.
JAPAN
Sep 25, 1998

Toyota test-drive center caters to younger buyers

KOBE -- Responding to requests from younger customers, Toyota Motor Corp. will open a test driving center here on an unprecedented scale today in Nishi Ward.
JAPAN
Sep 24, 1998

Nissan sells head office in restructuring effort

In an effort to strengthen its financial position, Nissan Motor Co. on Thursday sold one of its two head office buildings in Ginza, an upscale shopping district in Tokyo, to Mori Building Development Co. and affiliate Mori Building Sangyo Co., the firm said.
JAPAN
Sep 16, 1998

Emperor takes trip to the future

The Emperor visited the Time 24 Building on the Tokyo waterfront in Koto Ward on Wednesday to get a firsthand look at future business activities and shopping via computer. The building mainly houses government organizations promoting future high-tech businesses.
JAPAN
Sep 16, 1998

Japan Tobacco asks JAL, ANA to rethink smoking ban

Japan Tobacco Inc. asked Japan Airlines Wednesday to reconsider a plan announced last week to ban smoking on all international flights starting next spring.
JAPAN
Sep 11, 1998

Mitsubishi heavyweights form financial services alliance

In a strategic move to secure an edge over competitors amid ongoing "Big Bang" financial deregulations, four financial firms in the Mitsubishi group announced Friday they are forming a business alliance that will provide a wide range of new financial services.
JAPAN
Sep 9, 1998

JNR debt-sharing proposal gains support

A plan to allocate the debt left behind by the former Japanese National Railways among the seven JR group companies received backing by economic experts during a Lower House committee meeting Wednesday.
JAPAN
Sep 7, 1998

NEC starts up communications unit in Singapore

NEC Corp. announced Monday it has set up a subsidiary in Singapore to design and develop hardware and software of base stations for wide-band Code Division Multiple Access (W-CDMA), a next-generation wide-band mobile communication system.
JAPAN
Sep 4, 1998

Police warn against copycat poisonings

The Metropolitan Police Department requested the nation's retailers and beverage makers on Friday to tighten security in the wake of a recent series of poisoning cases in Wakayama, Niigata and Nagano prefectures.
JAPAN
Sep 3, 1998

Toa Steel to announce largest postwar liquidation

Struggling steelmaker Toa Steel Co. has decided to liquidate itself in what will become the largest manufacturing failure to date in Japan's postwar era, a corporate credit research agency said Thursday.
JAPAN
Sep 3, 1998

Tokyo man shot with arrow dies

A man from Machida, western Tokyo, died after being shot through the neck with a metal arrow near his home late Wednesday night, police said.
JAPAN
Sep 3, 1998

General Motors Japan names new president

General Motors Japan Ltd. said Thursday that Mitsuru Sato, former president of Volkswagen Group Japan K.K., has become president of GM Japan, succeeding Douglas J. Herberger.
JAPAN
Sep 2, 1998

Telephone boasts e-mail, Internet functions

Sharp Corp. on Wednesday unveiled a multimedia phone that boasts e-mail and Internet browsing functions in addition to standard telephone and fax functions.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

Podcast

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

Longform

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

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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