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BUSINESS
Aug 22, 2000

Bandai Music approved for liquidation

The Tokyo District Court has approved the start of liquidation of Bandai Music Entertainment Inc., a unit of major toy maker Bandai Co., a leading private credit-research agency said Monday.
COMMENTARY / World
Aug 20, 2000

The targeting of a journalistic pariah

Despite an abundance of wives and concubines, ancient Israel's King David bedded another man's wife. The prophet Nathan condemned David with the parable of a rich man who ignored his own flocks to seize a poor man's lamb (2 Samuel 12:1-4). So it is with leftwing activists who lobby for the firing of...
JAPAN
Aug 19, 2000

Mori to embark on diplomatic tour in Asia

Prime Minister Yoshiro Mori leaves today for an eight-day trip to four Southwest Asian countries, during which he is expected to call on India and Pakistan to sign an international treaty banning tests of nuclear weapons.
BUSINESS
Aug 11, 2000

PCCW to take 81% stake in Jaleco

Pacific Century CyberWorks Ltd., a Hong Kong-based multimedia company, will pay 27 billion yen to acquire an 81 percent stake in Jaleco Ltd., a Japanese video game software maker, senior officials of the firms announced Thursday.
BUSINESS
Aug 9, 2000

Construction firm Hazama seeks alliances to survive debts

Major construction firm Hazama Corp., in an attempt to convince major creditors to forgive some of its debts of 420 billion yen, is seeking tieups with other contractors, among them Niigata-based Fukuda Corp., industry sources said Tuesday.
BUSINESS
Aug 3, 2000

Nippon Steel teams up with Posco

Nippon Steel Corp. and South Korea's Pohang Iron & Steel Co. (Posco) announced Wednesday that they have signed a contract forming a strategic business alliance.
Japan Times
COMMUNITY / Our Lives / PERSONALITY PROFILE
Jul 30, 2000

Nigel Mortimer

When he was a youth, Kiyomu Shimomura found his mentor in the late scholar Masahiro Yasuoka. Yasuoka wrote the draft of the statement made by the Emperor Showa at the end of World War II. That was the first time for a Japanese emperor to speak to the people, and in his radio address to the nation he...
JAPAN
Jul 28, 2000

China tourism pact welcomed

Kyodo News Japan's travel industry is hoping that this year will see an official agreement to allow Chinese from selected areas to visit Japan on package tours, and that more than 1 million Chinese tourists will visit in less than a decade.
LIFE / Digital / CYBERIA
Jul 19, 2000

Big train a-comin'

Pick your measure. No matter what standard you choose, the information revolution is less than 3 percent complete. That's right: Whether you count users, devices, speed, content or number of applications, the revolution is just revving up. That has two implications: 1) virtual lifetime employment for...
BUSINESS
Jul 18, 2000

BOJ again decides not to raise interest rates

Amid concerns over the nation's economic future following the collapse last week of department store operator Sogo Co., the Bank of Japan on Monday once again decided against raising interest rates.
COMMENTARY / World
Jul 16, 2000

Will G8 swelter in sartorial splendor?

U.S. Ambassador to Japan Thomas Foley was the first to predict that the forthcoming G8 summit on Okinawa might have to be held with the participants wearing sport or aloha shirts instead of formal or business attire.
JAPAN
Jul 15, 2000

Hail a cab in Naha now and they'll all come quick

NAHA, Okinawa Pref. -- It is said there is a reliable litmus test to gauge the state of Okinawa's economy: Stick out your hand and see how long it takes to hail a taxi.
BUSINESS
Jul 5, 2000

Upbeat 'tankan' may lead to rate hike

Business sentiment among the nation's corporations improved over the past three months, underscoring a recent recovery trend, according to the Bank of Japan's "tankan" business sentiment survey for June.
COMMUNITY
Jun 29, 2000

Fresh ideas keep old traditions alive

"A hundred people must have told me it was impossible," said Sarah Cummings as we sipped sake in the stylish Kurabu restaurant in the village of Obuse.
BUSINESS
Jun 10, 2000

Keidanren urges structural reform

Takashi Imai, chairman of the Federation of Economic Organizations (Keidanren), called on the government Friday to implement structural reforms to achieve sustainable economic recovery.
BUSINESS
Jun 8, 2000

Exports help boost auto parts makers' sales 4.5%

Auto parts makers' combined sales rose 4.5 percent to 9.768 trillion yen on a consolidated basis in the 1999 business year, the Japan Auto Parts Association said Wednesday.
JAPAN
Jun 8, 2000

Illegal date club undoes ministry man

An official of the Agriculture, Forestry and Fisheries Ministry has been arrested on suspicion of running a telephone date club without a permit, police said Wednesday.
BUSINESS
Jun 5, 2000

Companies must re-engineer anew

Information technology has revolutionized the economic system of the United States, and it is believed the U.S. economy is now in a long-term, high-growth phase in which growth is being led by rising productivity.
BUSINESS
May 31, 2000

FRC outlines new banks' rules

The Financial Reconstruction Commission on Tuesday released its preliminary guidelines for granting licenses to new banks, emphasizing the need to shield them from potential business risks of their parent companies.
BUSINESS
May 29, 2000

Job outlook rosy for 2001: survey

Employment prospects for students graduating in spring 2001 have improved for the first time in three years, thanks to a mild recovery in the economy, according to a survey by Kyodo News.
BUSINESS
May 25, 2000

No end in sight for treadmill of bad loans

It has been the same story for years. When banks release their earnings reports in May, bank officials say they have written off their bad loans "pre-emptively." Since they have written off huge portions of their problem loans, their future costs for bad-loan disposal will be marginal, they say.
BUSINESS
May 25, 2000

Bank deposit, insurance policy safety nets enacted

The Diet passed a bill Wednesday to create a new mechanism to safeguard deposits in the event of bank failures after the current blanket deposit protection system is lifted in April 2002.
BUSINESS
May 24, 2000

Four banks returned to profitability in 1999

Four major banks that released their fiscal 1999 earning reports Tuesday returned to the black after at least a year of losses.
BUSINESS
May 23, 2000

Market focus turning to corporate profits

The Tokyo stock market is turning its attention to corporate earnings now that the highly anticipated U.S. Fed policy meeting is over.
BUSINESS
May 23, 2000

Sumitomo, Sakura back in black

Sumitomo Bank and Sakura Bank returned to the black in fiscal 1999, partly due to gains from sales of stocks and fewer bad-loan writeoffs compared to the year before, according to their earnings reports released Monday.

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