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BUSINESS
Dec 6, 2001

Not all auto industry restructuring drives get same mileage

As Japanese companies in almost all sectors carry out large-scale restructuring, the auto industry can offer them a number of case studies that reflect varying measures of success.
COMMENTARY / World
Dec 2, 2001

Blow away Big Tobacco's smoke screen

In an interconnected world, we're seeing ways that globalization may help or hinder our lives. Take the tobacco industry: It is using innovative means to bypass fledgling government tobacco control policies, particularly in developing countries. It is riding a wave to open regional trade in East Asia...
COMMUNITY
Dec 2, 2001

What's hot on the slopes

According to Masataka Shiwaku of Victoria Wardrobe, a snow-wear retailer in Tokyo's Kanda Ogawa-cho district, this year "many people seem to be thinking of renewing their skiing or snowboarding wardrobes."
COMMUNITY
Dec 2, 2001

'Float on Earth' at Japan's snow resorts

You draw in a sharp, crisp breath of clean air, point your board straight ahead and blast off full speed down a short, steep drop, then up a narrow slope that launches you high in the air. Landing in a meter-deep pillow of fluffy, white snow that swallows your board, your bindings and your knees brings...
BUSINESS
Dec 1, 2001

Investors fume as Enron-linked funds bleed

The phones are ringing off the hook at investment trust companies, as investors pull their cash out of money-management funds that fell below par value earlier this week.
BUSINESS
Nov 30, 2001

JAS marks down its profit estimate for '01

Japan Air System Co. on Thursday lowered profit projections for its current business year in the wake of the terrorist attacks on the United States, but also reported its highest-ever interim operating profits due to restructuring efforts.
JAPAN
Nov 28, 2001

Nonlife insurers feel the pain

Profits at Japan's 11 major nonlife insurance companies plunged sharply in the fiscal first half to Sept. 30, due to falling share prices and large reserves set aside for claims related to the Sept. 11 terror attacks in the United States.
BUSINESS
Nov 28, 2001

JTB to push cheaper package tours

Travel agency JTB Corp. said Tuesday it will boost its selection of low-price overseas package tours in early spring, with a particular emphasis on families, elderly tourists and women in their 20s and 30s.
JAPAN
Nov 28, 2001

Nonlife insurers feel the pain

Profits at Japan's 11 major nonlife insurance companies plunged sharply in the fiscal first half to Sept. 30, due to falling share prices and large reserves set aside for claims related to the Sept. 11 terror attacks in the United States.
BUSINESS
Nov 27, 2001

Major banks brace for loan writeoffs

All but two of the nation's 14 major banks fell into the red during the first six months of this business year, together setting aside a hefty 2.7 trillion yen in loan-loss reserves to cushion the potential impact from nonperforming loans.
BUSINESS
Nov 27, 2001

Major banks brace for loan writeoffs

All but two of the nation's 14 major banks fell into the red during the first six months of this business year, together setting aside a hefty 2.7 trillion yen in loan-loss reserves to cushion the potential impact from nonperforming loans.
BUSINESS
Nov 22, 2001

Koizumi, partners agree on 2.5 trillion yen in extra spending

Prime Minister Junichiro Koizumi and his two coalition partners agreed Wednesday to compile a 2.5 trillion yen second extra budget for this fiscal year to prop up the ailing economy, lawmakers of the coalition parties said.
Japan Times
BUSINESS
Nov 22, 2001

Banker sees smooth euro cash start, no 'black fund'

FRANKFURT -- Japanese investors should have full confidence in the stability and strength of the euro as the currency is launched in its physical form at the start of next year, according to the European central banker coordinating the project.
BUSINESS
Nov 22, 2001

Japan Telecom posts losses

Plagued by declining performance in its fixed-line business, Japan Telecom Co. said Wednesday it suffered net losses of 5.19 billion yen in the first half of fiscal 2001.
BUSINESS / ON THE FRONT LINE
Nov 22, 2001

Market fluctuations reflect investor jitters

With signs of an economic recovery nowhere in sight, the Tokyo stock market has been a roller coaster ride in recent weeks.
SPORTS / SPORTS SCOPE
Nov 22, 2001

Dark clouds looming in the Sky

I wish Southampton would buy a Japanese player. Sky-Perfect TV would get all excited, send over an army of media and TV crews and, "presto," I would be watching Southampton games every weekend. Christmas would have come early for a frustrated Saints fan who hardly ever gets to see his team play, apart...
BUSINESS
Nov 22, 2001

Snow Brand's first-half losses hit 13.7 billion yen

Snow Brand Milk Products Co. on Wednesday posted consolidated net losses of 13.66 billion yen for the first half of fiscal 2001, narrowing the gap from 30.66 billion yen logged in the same period the previous year.
BUSINESS
Nov 20, 2001

Daikin, Trane to enter wide-ranging alliance

OSAKA -- Japan's No. 1 air conditioner maker, Daikin Industries Ltd., is in final talks with Trane Co., the No. 2 U.S. air conditioner manufacturer, on a wide-ranging alliance, a Daikin official said Monday.
BUSINESS
Nov 20, 2001

Daikin, Trane to enter wide-ranging alliance

OSAKA -- Japan's No. 1 air conditioner maker, Daikin Industries Ltd., is in final talks with Trane Co., the No. 2 U.S. air conditioner manufacturer, on a wide-ranging alliance, a Daikin official said Monday.
BUSINESS
Nov 16, 2001

Mitsubishi Heavy cuts interim losses

Mitsubishi Heavy Industries Ltd. said Thursday that aggressive cost-cutting measures sharply reduced group net losses in the first half of fiscal 2001.
BUSINESS
Nov 16, 2001

Mitsubishi Heavy cuts interim losses

Mitsubishi Heavy Industries Ltd. said Thursday that aggressive cost-cutting measures sharply reduced group net losses in the first half of fiscal 2001.
BUSINESS
Nov 15, 2001

MMC logs first-half loss, optimistic for end of year

Mitsubishi Motors Corp. said Wednesday it suffered 31.49 billion yen in consolidated net losses in the first half of the business year, but predicted it will break even for the full year through March 31.
BUSINESS
Nov 15, 2001

Hankyu Stores profits soar 1,042%

Hankyu Department Stores Inc. said Wednesday its consolidated net profit in the first half to Sept. 30 rose 1,042.2 percent to 1.59 billion yen due to large-scale cost cutting.
BUSINESS
Nov 13, 2001

Asahi Bank to unload 200 billion yen in bad loans

Asahi Bank announced plans Monday to cut roughly 200 billion yen in bad loans in two years through a tieup with U.S. investment bank Goldman Sachs Group Inc., allaying market fears about Asahi's financial strength.
BUSINESS
Nov 9, 2001

Marubeni's '01 outlook sours

In a dramatic reversal of fortune, Marubeni Corp. expects to post consolidated net losses of 105 billion yen for the 2001 business year after earlier projecting a 15 billion yen profit, company officials said Thursday.
BUSINESS
Nov 8, 2001

DoCoMo's interim group net profit dives

Suffering from huge appraisal losses on an overseas investment, cellular operator NTT DoCoMo Inc. said Wednesday its group net profit in the first half of fiscal 2001 plunged to 103.8 billion yen, down 52.2 percent from a year earlier.
BUSINESS
Nov 8, 2001

DoCoMo's interim group net profit dives

Suffering from huge appraisal losses on an overseas investment, cellular operator NTT DoCoMo Inc. said Wednesday its group net profit in the first half of fiscal 2001 plunged to 103.8 billion yen, down 52.2 percent from a year earlier.
BUSINESS
Nov 3, 2001

LDP wants to set target for inflation

An amendment to the Bank of Japan Law endorsed Friday by a Liberal Democratic Party working group includes a provision to set an inflation target, according to LDP officials.
BUSINESS
Nov 3, 2001

LDP wants to set target for inflation

An amendment to the Bank of Japan Law endorsed Friday by a Liberal Democratic Party working group includes a provision to set an inflation target, according to LDP officials.

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