Search - 2003

 
 
BUSINESS
Jan 15, 2002

Daiei gets green light to use revitalization law

Daiei Inc., seeking to avoid bankruptcy under more than 2 trillion yen of debt, will be allowed to rehabilitate under the industrial revitalization law if its restructuring plan is approved, the Ministry of Economy, Trade and Industry said Monday.
EDITORIALS
Jan 14, 2002

Relief step best left unused

Banks were once regarded as a symbol of financial security. People deposited money with banks, confident that it would be fully protected. Bank failure was simply out of the question. The myth of the "invincible bank" collapsed following the burst of the economic bubble a decade ago. Now depositors know...
BUSINESS
Jan 12, 2002

Deposits at credit unions may get protection: FSA

Financial Services Agency chief Hakuo Yanagisawa said Friday the government may protect deposits at small savings associations as a safeguard against chaos after blanket deposit protection at failed banks is abolished in April.
BUSINESS
Jan 11, 2002

Stock surge euphoria may yield to hangover

Although the Tokyo Stock Exchange ushered in 2002 on a positive note, a long lasting surge appears unlikely. The outlook remains bleak for the year ahead and beyond.
JAPAN
Jan 11, 2002

Okayama city sets sights on nation's first electronic ballot

Niimi, in Okayama Prefecture, is aiming to use the nation's first electronic voting system in its mayoral and municipal assembly elections in June.
BUSINESS
Jan 9, 2002

Aso calls for time frame for consumption tax hike

The Liberal Democratic Party's top policymaker on Tuesday called for setting mid- to long-term time frames for raising the consumption tax beyond the current 5 percent.
BUSINESS
Jan 8, 2002

Two potential replacements named as buzzards circle Hayami

Bank of Japan Gov. Masaru Hayami has little more than a year left in his term, but speculation is already brewing over who will succeed him.
EDITORIALS
Jan 8, 2002

AFTA becomes reality

Since 1997, and the onset of the Asian financial crisis, there has been little for the Association of Southeast Asian Nations to celebrate. But ASEAN rang in this New Year with a much needed boost. On Jan. 1, six of its 10 member-nations completed their plans to create an ASEAN Free Trade Area. Creation...
COMMUNITY
Jan 6, 2002

Life in the new year: Que sera sera

What joys and sorrows will the coming year bring for Japan? Fast forward to Jan. 1, 2003, apply tongue firmly to cheek and enjoy the benefit of hindsight by reading the alternative futures contained in the 2002 diaries of long-suffering Tokyo banker Gamansuruzo Nostrodoomus, and go-getting Kansai career...
BUSINESS
Jan 6, 2002

Koizumi hints at more public funds for banks

Prime Minister Junichiro Koizumi has pledged to take every possible step to avert financial crisis, hinting at yet another injection of public money into banks suffering from bad loans.
JAPAN
Jan 5, 2002

Theater eyes alliance with Globe

The nation's oldest Kabuki theater in the town of Kotohira, Kagawa Prefecture, is working to forge an alliance with Shakespeare's Globe Theatre in London, according to Kotohira Mayor Masaomi Yamashita.
Japan Times
BUSINESS
Jan 4, 2002

Town ties fate to remnants of an industry

KUSHIRO, Hokkaido -- Although the new year was just around the corner, there was little joy to be seen in the southeast end of this port city.
JAPAN
Jan 3, 2002

East Asian community sought by region's leaders

While China drew much media attention by declaring its bid to conclude a free-trade agreement with the Association of Southeast Asian Nations within 10 years, the creation of an even bigger Asian community including ASEAN, China, Japan and South Korea has turned up as a hot topic.
BUSINESS
Jan 3, 2002

Tax panel chief leans toward broader base, not rate cuts

Tax Commission chief Hiromitsu Ishi said Wednesday he does not favor cutting taxes to stimulate the economy; instead he would broaden the tax base to better help the government fill its depleted coffers.
MORE SPORTS
Dec 29, 2001

JABBA bans foreigners from C'ships

said on Friday that foreign players registered in the Japan Basketball League (JBL) will not be allowed to take part in the 2003 national championships. JABBA explained that the rule was taken to allow Japanese players increased playing opportunities.
BUSINESS
Dec 28, 2001

Mitsubishi Electric in U.S. unit move

Mitsubishi Electric Corp. said Thursday it will establish a holding company in Los Angeles on April 1 to manage its seven U.S. subsidiaries.
JAPAN / STAGING A COMEBACK
Dec 27, 2001

Top schools eye uneasy alliance with private sector

The agenda of top-flight domestic schools such as the University of Tokyo is changing along with the turbulent economic climate.
BUSINESS
Dec 27, 2001

Fukuda backs postal revamp date

Chief Cabinet Secretary Yasuo Fukuda expressed support Wednesday for a reported plan by Prime Minister Junichiro Koizumi to privatize in 2005 a postal public corporation to be created in 2003.
SPORTS / SPORTS SCOPE
Dec 27, 2001

No Christmas cheer this year

Christmas, or more precisely ohshogatsu (the New Year), is a time when most people in Japan can take a vacation. But not for the top rugby players at high school, university and company level.
Japan Times
JAPAN
Dec 27, 2001

Building-materials publishers under fire

The nation's public works projects -- notorious for their lack of transparency -- have sucked up tens of trillions of yen in taxpayers' money for decades, pushing government coffers to the brink of crisis.
BUSINESS
Dec 27, 2001

Argentina debt default to hit Japanese investors

Japanese investors are set to suffer losses on part of the 191.5 billion yen worth of yen-denominated "samurai" bonds issued by the Argentine government due to its declaration of a default on its $132 billion debt, according to industry officials.
COMMENTARY
Dec 26, 2001

Building on the euro's success

PARIS -- Created in 1360 to help pay the ransom for King John II the Good following his capture by the Black Prince's English forces at the battle of Poitiers, the French franc is living its final days. From Jan. 1, it, along with the currencies of most other Western European nations, will be replaced...
JAPAN
Dec 26, 2001

Cabinet OKs civil-servant merit system

The government agreed Tuesday on a civil service reform framework that includes a merit-based salary system and rules governing the employment of retired civil servants in the private sector.
JAPAN
Dec 23, 2001

Foreigners may join panel on protection of human rights

A Justice Ministry panel has proposed that the ministry consider including foreigners on the country's human rights protection commission. Members of the body voluntarily provide consultations and raise awareness.
COMMENTARY / World
Dec 23, 2001

Argentina has no choice but to default

NEW YORK -- Argentina is now experiencing one of its most severe economic and social crises in recent history. Riots are spreading through the country and the government seems increasingly unable to control the situation. The declaration of a state of siege for 30 days, although a necessary measure to...
EDITORIALS
Dec 22, 2001

Reform budget a double-edged sword

The Finance Ministry's draft general-account budget, which was unveiled Thursday, is the first under the administration of Prime Minister Junichiro Koizumi. Living up to his "fiscal reform" slogan, he has kept his pledge to cap bond issuance at 30 trillion yen. The borrowing limit, however, is a "double-edged...
JAPAN
Dec 22, 2001

Bloc agrees to reform civil-servant pay system

The three ruling parties approved a government plan Friday to introduce a new wage system for national government officials based on competency and achievements, party officials said.
BUSINESS
Dec 20, 2001

Fujisawa, Dutch firm enter tieup

OSAKA -- Fujisawa Pharmaceutical Co. said Wednesday it has signed a licensing agreement with Dutch medical technology group Jomed NV in the field of medical equipment for treating cardiac disease.

Longform

Atsuyoshi Koike, the president and CEO of Rapidus, says there is a “sense of urgency” when it comes to Japan’s efforts in manufacturing semiconductors. “We have to make sure we are successful,” he says.
Atsuyoshi Koike’s big game: Fourth down and 2 nanometers to go