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JAPAN
May 20, 2004

Hosoda admits omission of donations from fund-report

Chief Cabinet Secretary Hiroyuki Hosoda admitted Wednesday that he failed to declare in political funding reports some 31 million yen that a scandal-tainted company shouldered as part of the salary for his chauffeur between 1996 and 2003.
JAPAN
May 19, 2004

Brokerage chief, two others held over deposit padding

Tokyo prosecutors have arrested three people, including the president of Tokyo General Corp., a failed commodity futures brokerage house, on suspicion of faking its financial statements and padding the deposit balance by more than 20 billion yen.
BUSINESS
May 13, 2004

Daiei, while still ailing, now deemed 'out of intensive care unit'

Once a month, bank officials in charge of struggling Daiei Inc.'s financial affairs hold a meeting to assess how well the leading supermarket chain is rebuilding.
Japan Times
BUSINESS
May 11, 2004

Struggling Daiei adapts stores to suit local shoppers' needs

Debt-ridden Daiei Inc. has begun adapting its stores to suit the needs of local shoppers.
JAPAN
May 10, 2004

New Saudi petro-complex planned

Sumitomo Chemical Co. and Saudi Arabian Oil Co. announced Sunday they have agreed to form an equally owned company to build a major integrated refining and petrochemical complex in the Saudi Red Sea town of Rabigh at an estimated cost of $4.3 billion.
JAPAN
May 8, 2004

Ex-Takefuji employee gets suspended term for wiretapping

A former employee of consumer loan company Takefuji Corp. was sentenced Friday to a suspended three-year prison term for wiretapping two journalists in 2000 and 2001.
BUSINESS
May 7, 2004

Teijin posts 8.45 billion yen net profit

Textile maker Teijin Ltd. said Thursday its group net balance in fiscal 2003 returned to the black due to increased operating profit.
BUSINESS
May 7, 2004

Jasdaq chief to resign over unreported Yahoo trading

Jasdaq Market Inc. President Nobuo Kurakazu said Thursday he will resign to take the blame for his unreported trading in shares of Yahoo Japan Corp. in 2002.
EDITORIALS
May 4, 2004

Google-eyed on Wall Street

The announcement that Google, the company that created the No. 1 Internet search engine, is about to go public has investors the world over in a lather. While the fever recalls the heady days of the Internet bubble, the clamor surrounding the offering speaks to a deeper hunger: a desire for markets to...
JAPAN
Apr 27, 2004

Nippon Shinpan data may have been leaked

Nippon Shinpan Co. said Monday that personal data of up to 100,000 holders of its NICOS credit cards might have been leaked.
BUSINESS
Apr 27, 2004

Nissan saw profit reach record level in fiscal '03

Nissan Motor Co. said Monday it posted a record group operating profit of 825 billion yen for fiscal 2003, up 11.9 percent from the previous year.
COMMENTARY / World
Apr 25, 2004

Fear and loathing of the private sector

GUATEMALA CITY -- Citing Microsoft's dominance in the personal-computer industry, European Union regulators imposed tough sanctions, including a record fine of 497 million euros (about $596 million). Following the arguments of this ruling, South Korean authorities have taken their own actions. Meanwhile,...
BUSINESS
Apr 24, 2004

Mitsui O.S.K. lifts earnings forecast

Shipping company Mitsui O.S.K. Lines Ltd. said Friday it has raised its earnings forecast and dividend payment plan for fiscal 2003 as a market recovery and progress in cost cuts boosted its business.
EDITORIALS
Apr 22, 2004

A beef with the USDA

Until recently, it was not that hard to understand the standoff between the U.S. and Japanese governments over this country's ban on imports of American beef. Both nations have experienced mad cow disease scares, but they have responded differently. Japan, with 11 cases of the disease since 2001, tests...
Japan Times
BUSINESS
Apr 22, 2004

First female ANA executive acts as liaison

As the first female executive officer of All Nippon Airways Co., Junko Yamauchi believes her mission is to improve communication between management and flight attendants.
JAPAN
Apr 17, 2004

Bribes get Suzuki aide suspended term

A former aide to former lawmaker Muneo Suzuki received a suspended two-year prison term Friday for conspiring to accept 1.1 million yen in bribes and concealing 100 million yen in income from Liberal Democratic Party-related ticket sales and donations in 1997 and 1998.
BUSINESS
Apr 17, 2004

Daiei exceeded earnings target for 2003

Struggling retailer Daiei Inc. said Friday it beat its earnings target for the year that ended Feb. 29, helped by sales campaigns cashing in on its professional baseball team's national championship.
BUSINESS
Apr 13, 2004

Kao CEO exits, denies Kanebo link

Kao Corp., the nation's largest toiletry maker, said Monday its president and chief executive, Takuya Goto, will step down and 54-year-old Motoki Ozaki will succeed him.
JAPAN
Apr 10, 2004

Abductions put Japan's resolve on line

News that three Japanese civilians had been taken hostage by apparent terrorists in Iraq demanding that the Self-Defense Forces troops be withdrawn from the country drew a mixed response Friday on the streets of Tokyo.
BUSINESS
Mar 27, 2004

Listed firms try to keep faith of investors by bearing gifts

The rationale is simple: If you want investors to hold on to your company's shares, send them gifts.
Japan Times
COMMUNITY
Mar 20, 2004

Landmark hosts second intensive ballet seminar

From March 30 to April 1, Landmark Hall in Yokohama's Landmark Tower will echo to the sound of classical ballet instruction in English to a Japanese piano accompaniment. Since lots of nice things were said about the first Yokohama Ballet Intensive in 2003, YBI Director Helen Price is confident this year's...
BUSINESS
Mar 20, 2004

Nikko Beans, Monex announce plan to merge

Online brokerages Monex Inc. and Nikko Beans Inc. said Friday they will merge their operations in August to secure an edge in individual securities investment.
Japan Times
JAPAN
Mar 10, 2004

Unions playing softball despite lift in economy

Labor unions at large companies, debilitated by falling membership and record unemployment, have given up all hope of obtaining wage increases for their members this year.
Japan Times
JAPAN
Mar 4, 2004

Amusement parks on white-knuckle ride

Roller coasters and merry-go-rounds at amusement parks offer people an opportunity to spice up their lives with a few thrills and spills.
BUSINESS
Feb 28, 2004

Softbank offers 500 yen to Yahoo! BB users, confirms data leak on millions

Softbank Corp. said Friday it has confirmed that information on some 4.52 million users of its Yahoo! BB high-speed Internet service had been stolen from its data base.
Japan Times
BUSINESS
Feb 25, 2004

Yamanouchi, Fujisawa to merge

Yamanouchi Pharmaceutical Co. and Fujisawa Pharmaceutical Co. said Tuesday they have agreed to merge in a bid to survive intensifying global competition.

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