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November 23, 2024
 

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JAPAN
Mar 7, 2004

Two more arrested over Seibu Railway payoff scandal

Two more men have been arrested in connection with suspected payoffs by Seibu Railway Co. to a corporate racketeer, bringing the number of arrests in the case to 11, Tokyo police said.
COMMUNITY / Issues / THE ZEIT GIST
Mar 2, 2004

Home Sweet Uchi

Dec 31, 2002, a total of 1,851,758 foreigners were registered with immigration authorities in Japan. That's about 1.5 percent of this country's population. But it's an exceptionally diverse group and comprehensive information on their housing conditions is difficult, if not impossible, to come by.
JAPAN
Jan 23, 2004

Group urges landlords to accept foreign tenants

Finding a place to live is one of the biggest difficulties foreign residents of Japan face, and one of the main reasons is that landlords are reluctant to accept them as tenants.
BUSINESS
Dec 5, 2003

Capital spending rising at slower pace

Capital spending in the July-September period rose on a year-on-year basis for the second quarter in a row, although the pace of expansion slowed to 0.4 percent, according to a Finance Ministry survey released Thursday.
CULTURE / Books / THE BOOK REPORT
Dec 4, 2003

Living on 3 million yen a year

Is there a conspiracy among Japanese politicians, economic experts and elite bureaucrats to destroy Japan's egalitarian postwar social and economic systems and replace them with an American-style, dog-eat-dog type of capitalism typified by a society of haves and have-nots? In his best-selling "Nenshu...
BUSINESS
May 23, 2003

White paper asks for transparency in land prices

The land ministry compiled a draft white paper on land for fiscal 2002, urging that real estate trading prices be made public, and presented it Thursday to the ruling Liberal Democratic Party, ministry officials said.
BUSINESS
Apr 5, 2003

Kumagai Gumi seeks 300 billion yen bailout, merger

Ailing construction firm Kumagai Gumi Co. announced Friday it will ask its main creditor banks for a bailout of 300 billion yen under a new three-year restructuring plan while seeking a merger with Tobishima Corp.
BUSINESS
Apr 4, 2003

Kumagai to integrate with Tobishima

Ailing construction firm Kumagai Gumi Co. is planning to integrate operations with Tobishima Corp. next April under a revamped restructuring program in which it will spin off its loss-making real estate business into a new company, sources said Thursday.
BUSINESS
Mar 11, 2003

Ando to inject Hazama with 1 billion yen

Midsize general contractor Ando Corp. said Monday it has agreed to forge a capital tieup with Hazama Corp., seeking to inject the troubled builder with 1 billion yen through the purchase of preferred shares.
BUSINESS
Nov 8, 2002

Towa requests second bailout from banks of 230 billion yen

Towa Real Estate Development Co. said Thursday it is seeking a 230 billion yen bailout package from UFJ and other creditor banks under a new five-year restructuring program.
JAPAN
Aug 7, 2002

Suzuki bribe info faxed to property firm

The Tokyo District Public Prosecutor's Office mistakenly faxed a witness account about indicted lawmaker Muneo Suzuki's bribery case to a Tokyo real estate firm in June, a top official of the office said Tuesday.
COMMUNITY / Issues / THE ZEIT GIST
Jun 6, 2002

Looking at the bright side of Japan's cash woes

One of the most soul-destroying experiences of my life in Japan occurred back in 1986.
BUSINESS
May 29, 2002

Condo firm Haseko crumbles into the red

Condominium builder Haseko Corp. said Tuesday its group net balance sank into the red in the 2001 business year, due chiefly to latent losses on its real-estate holdings for sale and on other fixed assets.
BUSINESS
Mar 30, 2002

Matsushita kin to help debt-ridden developer

OSAKA -- The family of the late Konosuke Matsushita, founder of the Matsushita group, has decided to extend financial help to Matsushita Investment & Development Inc., a debt-ridden real-estate developer, industry sources said Friday.
BUSINESS
Feb 28, 2002

Matsushita plans to sell Osaka towers

OSAKA -- Matsushita Investment & Development Inc., a real estate developer in the Matsushita group, plans to securitize its twin towers in Osaka and other properties and sell them to investors for some 60 billion yen, company sources said.
BUSINESS
Feb 24, 2002

Banks offer 500 billion yen to aid Daikyo

UFJ Bank, Dai-Ichi Kangyo Bank and Asahi Bank have entered informal talks with Daikyo Inc. on the provision of up to 500 billion yen in financial assistance to Japan's largest condominium builder, industry sources said Saturday.
BUSINESS
Jan 10, 2002

Residential land prices decline again

The nation's land prices in eight major residential areas declined in 2001, a private-sector survey showed Wednesday.
BUSINESS
Oct 27, 2001

Market slump damages Daiwa's interim earnings

Daiwa Securities Group Inc. said Friday its group pretax profit for the first half of fiscal 2001 plunged 98.9 percent from a year earlier to 1.18 billion yen.
JAPAN
Sep 19, 2001

Slayer of elderly land holder gets 15-year term

OSAKA -- An executive of a real estate firm was sentenced to 15 years in prison for murdering an 81-year-old woman who refused to vacate her house, which stood in the middle of a condominium construction site.
BUSINESS
Jun 1, 2001

Keidanren, bankers to work on debt relief

The Japan Federation of Economic Organizations (Keidanren) and the Japanese Bankers Association have agreed to begin working on guidelines for banks to forgive loans to troubled corporate borrowers, Financial Services Minister Hakuo Yanagisawa said Thursday.
BUSINESS
Apr 7, 2001

Doubts linger over loan disposal

The emergency economic measures unveiled Friday, which focus on reducing banks' sour loans, leave unanswered the key questions that will determine their success.
BUSINESS
Mar 28, 2001

Ministers ordered to have emergency plan by early April

Prime Minister Yoshiro Mori instructed his economic ministers Tuesday to compile by early April a package of emergency economic measures to support Japan's fragile economy, government officials said.
JAPAN
Mar 1, 1999

Recruit sells building to U.S. firms

Recruit Co., a major information service company, has sold its office building in front of JR Kawasaki Station to two U.S real estate firms as part of efforts to reduce its huge debts, informed sources said Monday.
JAPAN
Nov 25, 1998

Prejudice evident in house hunting, foreigners' panel says

Although many apartments remain vacant during the prolonged recession, foreign residents in Tokyo are still finding it extremely difficult to rent accommodations, participants of a foreign residents' advisory panel to the Tokyo governor said Wednesday.
JAPAN
Apr 2, 1998

Business groups unhappy with government steps

Reflecting the poor business sentiment shown by the Bank of Japan's latest "tankan" survey, business leaders Thursday criticized the government for its vague economic measures.
JAPAN
Jul 4, 1997

Contractor files for bankruptcy

A medium-size general contractor listed on the first section of the Tokyo Stock Exchange effectively went bankrupt July 4 due to real estate-related debts that inflated after the burst of the bubble economy in the early 1990s.
Japan Times
ASIA PACIFIC
Jan 26, 2023

Exodus of wealthy Chinese accelerates with end of 'zero-COVID'

Many rich Chinese have begun traveling overseas to check out real estate or firm up plans to emigrate, threatening a brain drain in the world’s second-largest economy.
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.
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.
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.”
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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