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November 29, 2024
 

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BUSINESS
Mar 6, 2002

Mitsubishi Estate expects big losses

Mitsubishi Estate Co. said Tuesday it anticipates a consolidated net loss of 72.5 billion yen in the business year through March, a reversal from an earlier forecast profit of 20.5 billion yen, as it will write off latent losses on real estate holdings.
BUSINESS
Mar 5, 2002

Optimism abounds as TSE passes 11,000

Optimism is spreading rapidly throughout the Tokyo stock market. With the key Nikkei average having reclaimed 11,000, a level unseen for months, market players believe they have, for now, established the downside of the market.
BUSINESS
Mar 2, 2002

Misawa hits up UFJ for 70 billion yen

Misawa Homes Co. said Friday it has asked UFJ Bank to forgive 35 billion yen in loans and purchase 35 billion yen of its preferred shares in line with a new restructuring program.
BUSINESS
Mar 2, 2002

Komatsu forecasts larger net loss

Komatsu Ltd. said Friday it expects a larger-than-forecast group net loss for fiscal 2001, blaming a a sharp fall in demand for construction machinery that was caused by falling public investment and construction investment.
BUSINESS / ON THE FRONT LINE
Mar 2, 2002

Dollar may test 140 yen level by end of year

The dollar could snap out of its current range between 132 yen and 135 yen in mid-March and test the 140 yen line toward the close of fiscal 2001.
BUSINESS
Mar 2, 2002

Foreigners turn net sellers

Foreign investors turned net sellers of Japanese stocks last week.
SOCCER / World cup
Mar 1, 2002

FIFA 'ready' for World Cup

FIFA officials and representatives of the 32 teams competing in this year's World Cup wrapped up a two-day workshop in Tokyo on Thursday by declaring that they are ready to stage the World Cup in May and June.
EDITORIALS
Feb 28, 2002

Reform initiative faces setback

Prime Minister Junichiro Koizumi faces mounting difficulties as he tries to keep his reform initiative alive. His problem, in a nutshell, is that events are overtaking him. The gap between rhetoric and reality is widening amid growing signs of deflation. His favorite slogan, "structural reforms with...
BUSINESS
Feb 27, 2002

Nissan unveils first vehicle codeveloped with Renault

Nissan Motor Co. on Tuesday released the new version of its March compact car, the first vehicle to feature a platform jointly developed with its French partner, Renault S.A.
JAPAN
Feb 26, 2002

World Cup coins go on sale today

Orders for commemorative coins for this year's World Cup soccer finals to be cohosted by Japan and South Korea will be accepted from today to March 11, the Finance Ministry said Monday.
JAPAN
Feb 23, 2002

Snow Brand Foods to disband

Snow Brand Foods Co. will lay off most of its 1,000 employees in March and disband in April, the scandal-tainted firm said Friday.
BUSINESS
Feb 23, 2002

Foreigners snap up stocks

Foreign investors turned net buyers of Japanese stocks for the first time in five weeks last week.
BUSINESS
Feb 21, 2002

Noevir to sell cosmetic goods online

Cosmetics maker Noevir Co. said Wednesday it will begin selling products over the Internet in April.
BUSINESS
Feb 21, 2002

Cooking oil producers set to merge

A joint holding company to be formed April 1 by Honen Corp. and Ajinomoto Oil Mills Co. will merge with another cooking oil producer, Yoshihara Oil Mill Ltd., to create the largest domestic entity in the field, according to the three firms.
Japan Times
SPORTS / SPORTS SCOPE
Feb 21, 2002

'Rainbow Warrior' talks rugby, politics, life

Francois Pienaar is best known as the man who unified a nation.
BUSINESS
Feb 20, 2002

Matsushita widens loss estimate

Matsushita Communication Industrial Co. said Tuesday it has widened its estimate of losses for the year to March 31 because of wobbling sales of mobile phones at home and abroad.
BUSINESS / TAKING STOCK
Feb 19, 2002

Luring individuals to stocks a key challenge

Individual investors turned net buyers of stocks for the first time in four months in January.
JAPAN
Feb 14, 2002

Ozawa CD reaches No. 2 on charts

A compact disc featuring the Vienna Philharmonic Orchestra led by Japanese maestro Seiji Ozawa has jumped to No. 2 on Japan's album charts, according to figures compiled earlier this week.
BUSINESS
Feb 14, 2002

January beer shipments down 2.2%

Shipments of beer and "happoshu" -- a low-malt, beer-like sparkling liquor -- fell 2.2 percent in January from a year before to 360,539 kiloliters, according to data released Wednesday by Japan's five top brewers.
CULTURE / Books / THE ASIAN BOOKSHELF
Feb 10, 2002

Love in a time of decline for homegrown literature

Is there a future for Japanese literature? That is the question posed by an article in the February issue of Bungakukai. Writer Akira Nagae visited various bookstores and publishers in search of an answer. The manager of a bookstore near an arts university in Tokyo feels authors and publishers are deceiving...
JAPAN
Feb 8, 2002

Snow Foods cuts bosses' pay by 50%

Snow Brand Foods Co., the meat packer hit by a fraudulent beef-labeling scandal, said Thursday it will cut the salaries of its president and two senior managing directors by 50 percent next month.
COMMUNITY
Feb 3, 2002

Sake's never been better -- so why the poor business?

Sake is so central to life in these islands that the name of the fermented rice drink is also the Japanese word for all alcoholic drinks.
BUSINESS
Feb 1, 2002

NEC to slash 14,000 workers worldwide before March 31

Computer maker NEC Corp. said Thursday that it will reduce its global workforce by 9.3 percent, or 14,000 jobs, by the end of March, doubling the number of jobs to be slashed from the figure it announced in late October.
BUSINESS
Feb 1, 2002

SESC calls for punishment of Morgan Stanley Japan

The government's stock market watchdog has recommended to the Financial Services Agency that Morgan Stanley Japan Ltd. and two Morgan Stanley traders be punished for illegal stock deals involving short-selling.
JAPAN
Jan 31, 2002

Tokyo impounds relabeled imported beef

Tokyo Metropolitan Government officials on Wednesday impounded about 3.5 tons of imported beef repackaged as domestic and stored at Snow Brand Food Co.'s warehouse in Tokyo's Ota Ward.
JAPAN
Jan 31, 2002

NPA warns hooligans in English

The National Police Agency released an English-language message Wednesday to warn foreigners intent on causing trouble at the 2002 World Cup soccer finals cohosted by Japan and South Korea that Japan is ready to deal with them.
BUSINESS
Jan 31, 2002

Minami finally throws in the towel

Minami Corp., a cash-strapped sporting goods retailer, filed for court protection from creditors Wednesday with liabilities of 28.9 billion yen, the company said.
BUSINESS
Jan 31, 2002

Life, nonlife insurers scrap tieup

Tokio Marine & Fire Insurance Co. and Asahi Mutual Life Insurance Co. have decided to scrap their plans to integrate under a single holding company by March 2003 due to the cautious stance of the nonlife insurer, sources from the two companies said Wednesday.
JAPAN
Jan 30, 2002

Ministries working on food safety agency

The farm ministry and the health ministry are negotiating the establishment of a food safety agency in fiscal 2002, ministry officials said.
Japan researchers develop a simple way to spot signs of Alzheimer's disease
In 2022, the number of elderly people with dementia in Japan reached 4.43 million, according to data from the health ministry.
Real estate worth ¥25 trillion puts Japan companies in spotlight
Elliott Investment Management's stake in Tokyo Gas is centered around getting the utility to sell off its real estate holdings, including Shinjuku Park Tower, which houses the Park Hyatt Hotel Tokyo.
Two dead after fire at Upper House lawmaker Kuniko Inoguchi’s apartment
A fire broke out on the sixth floor of an apartment building where Upper House lawmaker Kuniko Inoguchi resides on Wednesday in Tokyo's Bunkyo Ward.
Japan investigating Amazon for allegedly bullying other businesses
Packages move along a conveyor belt at an Amazon warehouse
Tokyo’s take on that viral chocolate from Dubai
Cafe N°_5's take on the Dubai chocolate craze that has been circulating on social media over the past few months is a mix of bitter and sweet.
‘What Divides Us’ producer honors grandfather’s Hiroshima reportage
“What Divides Us" producer Cannon Hersey says his grandfather, who wrote about the aftermath of nuclear destruction in Hiroshima, never spoke about what he had seen while working with Japanese minister Kiyoshi Tanimoto to preserve the stories of survivors.
DPP’s Tamaki leverages new position with energy proposal
DPP leader Yuichiro Tamaki in Tokyo on Tuesday
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
China defense minister being investigated for corruption, report says
Chinese Defense Minister Dong Jun attends the opening ceremony of the Xiangshan Forum at the Beijing International Convention Center on Sept. 13. Dong is the third consecutive incumbent or former defense chief to be probed over alleged corruption.
How Japan can exit the fossil fuel subsidies it can’t seem to quit
A man walks past a gasoline station in Tokyo on Thursday.

Podcast

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

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
By Greg Dvorak

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