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BUSINESS
Jun 5, 2002

Hitachi, IBM to integrate their hard disk operations

Hitachi Ltd. and International Business Machines Corp. on Tuesday announced an agreement to integrate their hard disk drive businesses under a joint company to be majority-owned by Hitachi.
BUSINESS
Jun 4, 2002

Casualty insurance giants plot three-way alliance

The largest casualty insurers in Japan, China and South Korea have agreed to form a business tieup on product development and market research, company sources said Monday.
Japan Times
JAPAN / CUP COUNTDOWN
May 29, 2002

Hotels vie for World Cup windfall

As the Friday opening of the 2002 FIFA World Cup approaches, hoteliers in and around Tokyo are making last-minute efforts to get their slice of the hoopla that will carry on through the next month.
BUSINESS
May 29, 2002

Japan Telecom posts net losses of 66 billion yen

Struggling with ongoing restructuring efforts, Japan Telecom Co. on Tuesday reported net losses of 66 billion yen for the business year that ended in March. It was Japan Telecom's first net loss as a publicly traded company.
JAPAN
May 22, 2002

Duskin admits using antioxidant for dumplings

OSAKA -- Duskin Co., which runs the Mister Donut chain in Japan, on Tuesday reported to the Osaka Prefectural Government on its use of an unauthorized antioxidant for producing dumplings, as was disclosed Monday.
BUSINESS
May 21, 2002

Top three automakers post record profits

Despite the sluggish global economy, the nation's top three automakers ran up record-high profits while No. 4 and No. 5 returned to profitability with better-than-expected performances in 2001, according to business results announced as of Monday.
JAPAN
May 9, 2002

McDonald's joins stampede toward personalized marketing

Ltd. revealed its plans to launch a new e-shopping venture targeting users of cellular phones and personal computers. While the e-business entry by the fast-food giant underscores the huge potential of the sector, some experts believe consumers need to be aware that greater convenience carries with it...
BUSINESS
May 4, 2002

52% of firms expect October-March upturn

Some 52 percent of major companies expect an economic upturn in the latter half of the current business year, according to a recent survey by Kyodo News released Friday.
JAPAN
Apr 30, 2002

Asia awaits Japan's recovery

Despite Japan's protracted economic slump, its neighbors are still looking to it for support and leadership.
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.
BUSINESS
Apr 20, 2002

Daiei suffers 332.5 billion yen loss

Ailing supermarket operator Daiei Inc. announced Friday a consolidated net loss of 332.51 billion yen for the business year that ended in February, blaming the losses on increased restructuring costs.
BUSINESS
Apr 12, 2002

Seven-Eleven Japan thanks extra stores for 3.3% sales growth

Seven-Eleven Japan Co., the nation's largest convenience store chain, said Thursday its sales rose 3.3 percent to 2.11 trillion yen in the business year through February.
BUSINESS
Apr 11, 2002

Government sees economy approaching bottom

The economy is showing increasing signs of bottoming out, the government said Wednesday, upgrading its assessment for the second straight month.
BUSINESS
Apr 10, 2002

Yamaha to boost presence in China, Asian markets

Yamaha Motor Co. said Tuesday it has launched a three-year business plan that focuses on sales growth in China and other Asian markets.
BUSINESS
Apr 2, 2002

KDDI starts high-speed mobile service

KDDI Corp. launched a third-generation high-speed data transmission service Monday for its au mobile phone service, moving to compete with a similar service offered by rival NTT DoCoMo Inc.
BUSINESS
Mar 29, 2002

DoCoMo set to post appraisal losses

NTT DoCoMo Inc. said Thursday it may, if necessary, post appraisal losses on its overseas investments for the 2001 business year due to stock price movements.
COMMENTARY
Mar 26, 2002

Getting tough on bid rigging

Japanese newspapers are awash with scandals over bidding for public works projects. Japan's construction industry, which accounts for more than 10 percent of the nation's employed workers, is the world's largest. It is unconscionable that this important industry has become a hotbed of collusion among...
BUSINESS
Mar 23, 2002

Snow Brand Foods to sell additives unit to Nissho Iwai

Snow Brand Foods Co., a meat processor and subsidiary of Snow Brand Milk Products Co., said Friday that it will sell its imported food additives operation to trading house Nissho Iwai Corp. on March 31.
COMMENTARY / JAPAN IN THE GLOBAL ERA
Mar 18, 2002

'Gerontocrat' academicians with myopia

LAUSANNE, Switzerland -- After Harvard Professor Ezra Vogel's famous book "Japan as Number One" appeared in 1979, the West experienced a "learning from Japan" boom. I fully participated in this movement in both of its manifestations: publications, seminars etc., and the establishment of university Japanese...
BUSINESS
Mar 14, 2002

Kansai businesses on China mission

OSAKA -- Business groups in the Kansai region said Wednesday they will send a mission to China on Sunday to discuss economic changes with government leaders.
BUSINESS
Mar 6, 2002

Tobishima to speed up debt cut

Construction company Tobishima Corp. said Tuesday it has devised a new rehabilitation plan to cut its group interest-bearing debts of 135 billion yen by 50 billion yen over three years.
BUSINESS
Mar 4, 2002

Sato Kogyo files for bankruptcy

Debt-saddled Sato Kogyo Co. and eight of its subsidiaries filed for protection from creditors with the Tokyo District Court on Sunday under the Corporate Rehabilitation Law, becoming the second midsize general construction contractor to collapse in the three months since Aoki Corp. folded in December....
BUSINESS
Mar 1, 2002

U.S. legal firm, citing globalism, hopes to tap into Japan

As companies increasingly engage in cross-border transactions and international operations, legal services are also going global, according to a U.S. law firm hoping to tap into the Japanese market.
BUSINESS
Feb 25, 2002

Analysts expect gradual Japan recovery

Japan is capable of overcoming its deep-seated economic problems, according to experts attending a recent symposium in London, but Western-based analysts were less optimistic than their Japanese counterparts that there is sufficient resolve at the political and boardroom levels to make the transition...
BUSINESS
Feb 25, 2002

Possible global meltdown 'frightening'

The final session of the London Business School economic forum considered the recovery of the global economy. In her opening statement, Noriko Hama, research director at Mitsubishi Research Institute Inc., said, "We might just as well be talking about no recovery of the global economy.
BUSINESS
Feb 16, 2002

Fujita seeks integration with Mitsui-Sumitomo

As banks and the government desperately work to solve the issue of mounting problem loans, many of which were extended to the construction industry, financially troubled contractor Fujita Corp. said Friday that it plans to merge its key construction division with Mitsui Construction Co. and Sumitomo...
BUSINESS
Feb 13, 2002

Fujitsu, Accenture to join hands

Fujitsu Ltd. and Accenture Corp. said Tuesday they will jointly provide information technology-based solutions to firms seeking to improve their business strategies.
BUSINESS
Feb 11, 2002

FTC moves raise doubts over Antimonopoly Law

For more than 120 years during the Meiji, Taisho and Showa eras, the government was the primary driving force of the Japanese economy. That changed as the nation entered the Heisei era, as the private sector began to play a public role previously monopolized by the government. This is why the nation...
BUSINESS
Feb 8, 2002

Kansai forum hears calls for innovation

OSAKA -- "No guts, no glory" was the rallying cry for nearly 400 Kansai area business and government leaders Thursday, the opening day of the 40th annual Kansai Economic Seminar.

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