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November 23, 2024
 

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BUSINESS
Nov 27, 2002

Towa secures 230 billion yen bailout

Towa Real Estate Development Co. said Tuesday that UFJ Bank and other creditor banks have agreed to a 230 billion yen bailout -- 200 billion yen in debt relief and 30 billion yen in debt-for-equity swaps.
BUSINESS
Sep 25, 2002

Tertiary industry activity up 0.3%

Activity in tertiary industries grew a preliminary 0.3 percent in July from the previous month for the first gain in two months, the Ministry of Economy, Trade and Industry reported Tuesday.
BUSINESS
Sep 12, 2002

Major builders' merger still under construction

Mitsui Construction Co. and Sumitomo Construction Co. said Wednesday progress is being made in their business integration talks but no specifics have been settled.
COMMUNITY
Jul 28, 2002

Into the unknown Sea of Okhotsk

The Bering Sea, 1999. A wave-dashed shore ahead; leaden skies above. The way the rough sea was lifting and pitching and rolling our ship was not promising. I could just make out a bleak and deserted beach backed by lush knee-high vegetation, with a low, steep bank beyond. Somewhere there, 250 years ago,...
JAPAN
Jul 19, 2002

Bad loans don't cost LTCB execs

The Tokyo District Court on Thursday rejected a demand from the Resolution and Collection Corp. that four former executives of the Long-Term Credit Bank of Japan pay the state damages for "illicit decisions" to extend loans in 1990 to the now-defunct real-estate developer EIE International Corp.
JAPAN
May 30, 2002

Morgan Stanley fund accused of tax evasion

A real-estate investment fund operated by the Morgan Stanley group of the U.S. allegedly failed to report 18 billion yen in Japanese income from the buying and selling of bad loans in 1999 and 2000, sources said Wednesday.
BUSINESS
Feb 26, 2002

Misawa Homes considering 120 billion yen writeoff

Misawa Homes Co. said Monday that it is considering writing off 120 billion yen in latent losses on property-backed loans, property assets and shareholdings in the business year ending March 31.
BUSINESS
Feb 22, 2002

Haseko calls on major banks for 150 billion yen in support

Struggling condominium developer Haseko Corp. unveiled a sweeping restructuring plan Thursday, calling for 150 billion yen in financial support from major creditor banks and a 10 percent cut in personnel expenses in three years.
BUSINESS
Feb 16, 2002

Asahi Mutual to cut stock losses

Asahi Mutual Life Insurance Co. said Friday it will raise 150 billion yen and cut its shareholding losses by 400 billion yen by March 31 in a bid to regain customer trust and stop policy cancellations.
JAPAN
Feb 8, 2002

Are cell phones becoming too disruptive?

Masahito Tagami spent some 900,000 yen on a relay antenna system when he opened an "izakaya" restaurant in the basement of a building in Shibuya Ward, Tokyo, last April, so that customers could use their mobile phones.
EDITORIALS
Jan 28, 2002

An inadequate rescue plan

A new three-year restructuring program for Daiei Inc., the nation's second-largest supermarket chain operator, is symbolic of the debt woes that plague large Japanese distributors, constructors and real estate firms. Earlier this month, Daiei's three creditor banks -- UFJ Holdings Inc., Sumitomo Mitsui...
BUSINESS
Jan 12, 2002

Ailing Daiei looks to unload baseball team, dome

Troubled Daiei Inc. is planning to sell a majority of its shares in the Fukuoka Daiei Hawks baseball team and its ballpark, the Fukuoka Dome, as part of efforts to reduce its massive interest-bearing debts, according to company sources.
JAPAN
Jan 5, 2002

Politicians' assets average 46 million yen

Members of the Tokyo Metropolitan Assembly possess assets worth 45.86 million yen on average, down 45 percent from four years ago, the Tokyo Metropolitan Government said Friday.
JAPAN
Dec 24, 2001

Tax-evasion case reveals connivery behind Kepco's nuclear plant quest

KYOTO -- A recent ruling handed down by the Yokohama District Court on a tax evasion case details for the first time the methods employed by major power companies to circumvent national land laws and stymie local opposition to nuclear power plants.
JAPAN
Oct 23, 2001

'Jusen' chief gets three-year prison term

The Tokyo District Court on Monday sentenced the former president of a now-defunct "jusen" housing loan lender to three years and two months in prison for aggravated breach of trust.
JAPAN
Sep 19, 2001

Public housing strategy at the crossroads

National housing policy is set for change with the reformist Koizumi Cabinet having launched a political battle to abolish or privatize all unprofitable semigovernmental corporations.
JAPAN
Aug 17, 2001

Population decline not all bad news

Japan's population is charting a downward trajectory.
BUSINESS
May 24, 2001

Tobishima reports return to profit

Construction firm Tobishima Corp. said Wednesday its group net balance returned to the black in fiscal 2000, mainly due to sales of securities holdings.
JAPAN
May 19, 2001

Warrant issued for Sumiyoshi-kai chairman

Police obtained an arrest warrant Friday for the chairman of Sumiyoshi-kai, one of Japan's largest yakuza gangs, on suspicion of conspiring with a Tokyo realtor to evade a creditors' asset seizure, police officials said.
BUSINESS
May 16, 2001

New condos for sale in Tokyo on decline

The number of new condominiums put up for sale in the Tokyo metropolitan area in April fell 27.9 percent from a year earlier to 5,763, down for the first time in two months, a private research institute said Tuesday.
BUSINESS
May 10, 2001

Ex-Tokuyo execs agree to repay 90 million yen

The state-run Resolution and Collection Corp. said Wednesday it has reached an out-of-court settlement with three former managers of the defunct Tokuyo City Bank over dubious loans it extended in 1991.
JAPAN
Apr 11, 2001

Ex-Sogo chairman faces charges of hiding assets

Hiroo Mizushima, former chairman of the failed Sogo Co. department store chain, is suspected of concealing assets by illegally withdrawing some 155 million yen, investigative sources said Tuesday.
BUSINESS
Apr 10, 2001

Jusco sees record sales, pretax profits

Jusco Co. scored record sales and pretax profits on a consolidated basis for the fiscal year that ended Feb. 20, the firm said Monday.
JAPAN
Mar 23, 2001

Straining under their weight, bank behemoths strive to survive

All-out competition will break out among Japan's four major banking groups next month in an arena that will host some of the world's largest banks in terms of aggregate assets.
EDITORIALS
Mar 21, 2001

Welcome return to zero-interest rates

In yet another move to roll back deflationary pressures, the Bank of Japan on Monday decided to increase the money supply and bring the key overnight money-market rate back to zero. The decision, which follows a round of marginal interest-rate cuts in February, indicates that the central bank is pulling...
BUSINESS
Mar 20, 2001

Miyazawa may tap budget to energize land market

Finance Minister Kiichi Miyazawa voiced readiness Monday to earmark budgetary spending for urban redevelopment projects to revitalize Japan's land market.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Saitama court bans demonstrations over anti-Kurd hate speech
Kurdish people in Japan in 2015. A court injunction has banned acts that defame the Japan Kurdish Cultural Association and are disrespectful, such as putting up banner flags or handing out fliers with hate speech like “Refugees should go back to their home countries.”
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

Podcast

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

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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