Search - 2005

 
 
EDITORIALS
Jun 12, 2004

A crucial vote for Iraq

The United Nations Security Council's vote to formally end the occupation of Iraq is a crucial step toward the restoration of sovereignty and stability in that troubled country. The decision is a milestone, but it is by no means a solution to Iraq's woes. In many ways, the real work begins now, with...
EDITORIALS
Jun 10, 2004

Iraqi people's trust will be decisive

The people of Iraq may have mixed feelings about the interim government that came into existence last week, for it is an unelected government assembled ostensibly under the aegis of the United Nations but actually under the influence of the United States. Nevertheless, it is set to take over power from...
BUSINESS / Companies
Jun 6, 2004

UFJ group to sell ailing Aplus to foreign firm

The UFJ group is in the final stages of talks with several foreign financial institutions, including Citigroup Inc. of the United States, to sell struggling consumer finance affiliate Aplus Co., sources close to the talks said Saturday.
EDITORIALS
Jun 5, 2004

Haze of perpetual highway debt

The Diet has approved controversial legislation for privatizing the nation's deficit-ridden highway system. The need for privatization is widely recognized, yet doubts remain about the ways and means of achieving it. The fundamental question is whether the new system will really serve the purpose of...
BUSINESS
Jun 5, 2004

Ishihara attacks government's reform blueprint

Tokyo Gov. Shintaro Ishihara on Friday said the new government blueprint for economic management and structural reform places a burden on local governments.
BUSINESS
Jun 4, 2004

Tax revenue debate said clouding reforms

Recent wrangling over the transfer of tax revenue sources from the central government to local governments is clouding the future course of Japan's fiscal reform, analysts said Thursday.
BUSINESS
Jun 3, 2004

3 trillion yen target set for tax transfer to regions

Finance Minister Sadakazu Tanigaki and home affairs chief Taro Aso agreed Wednesday to set a target of transferring 3 trillion yen in tax revenue sources from the national government to local governments between April 2005 and 2007.
BUSINESS
Jun 3, 2004

Eco-friendly convenience stores eyed

The government will help finance convenience stores' efforts to counter global warming, hoping their actions will encourage other entities to take similar steps nationwide, the Environment Ministry said Wednesday.
BUSINESS
Jun 1, 2004

Two regional economies upgraded

The government said Monday it has revised upward its economic assessment for two of 11 regions nationwide due to a pickup in personal spending and improvement in employment conditions.
BUSINESS
May 29, 2004

Nippon Shinpan, UFJ Card to merge

Consumer credit firms Nippon Shinpan Co. and UFJ Card Co. said Friday they have signed an accord to merge in April 2005.
EDITORIALS
May 28, 2004

Banks and their 'debt of gratitude'

It appears that most of Japan's top banks are making good progress toward cleaning up their nonperforming loans. They may not be out of the woods yet, but their latest financial reports indicate that they are on track to meeting a government target for bad-debt reduction in fiscal 2004, which ends March...
BUSINESS
May 26, 2004

UFJ, Merrill Lynch to buy loans

UFJ Bank said Tuesday it and the Merrill Lynch group will create a fund of up to 100 billion yen to purchase loans to ailing small and midsize enterprises.
BUSINESS
May 25, 2004

Drugmakers ink merger accord

Yamanouchi Pharmaceutical Co. and Fujisawa Pharmaceutical Co. said Monday they have signed a definitive agreement to merge April 1, 2005, to create the nation's second-largest drugmaker in terms of group sales.
JAPAN
May 25, 2004

Wrangling over new Kobe airport rumbles on

OSAKA -- Tension over the future of airports in the Kansai region boiled over recently, with politicians and business leaders in Kobe and Osaka engaging in public skirmishes with the central government and with each other.
JAPAN
May 22, 2004

Embattled MMC unveils 'last chance' survival plan

Japan's crisis-hit Mitsubishi Motors Corp. unveiled a survival plan Friday featuring a 450 billion yen cash injection, relocation of its head office from Tokyo to Kyoto and major cuts in its global workforce and Australian output.
BASKETBALL / NBA / NBA REPORT
May 22, 2004

McGrady looking at Suns, Rockets, Spurs, Lakers for future

NEW YORK -- For obvious reasons, Tracy McGrady has narrowed his choices to play next season -- or the following one, at the latest, should the Magic incomprehensibly fail to arrange a trade -- to four teams, all of whom flaunt a centrifugal force.
Japan Times
BUSINESS
May 22, 2004

Ministry to mint expo, airport coins

Japan will mint special coins to mark the 2005 World Exposition in Aichi Prefecture and the opening of Chubu international airport next year, the Finance Ministry said Friday.
JAPAN
May 22, 2004

Embattled MMC unveils 'last chance' survival plan

Japan's crisis-hit Mitsubishi Motors Corp. unveiled a survival plan Friday featuring a 450 billion yen cash injection, relocation of its head office from Tokyo to Kyoto and major cuts in its global workforce and Australian output.
JAPAN
May 20, 2004

Hosoda admits omission of donations from fund-report

Chief Cabinet Secretary Hiroyuki Hosoda admitted Wednesday that he failed to declare in political funding reports some 31 million yen that a scandal-tainted company shouldered as part of the salary for his chauffeur between 1996 and 2003.
COMMENTARY
May 20, 2004

A Kerry victory would curtail spending

WASHINGTON -- Republicans control both the White House and Congress, but Washington, D.C. remains a fiscal sinkhole. The best hope for budget probity is to turn over one branch of government to the Democrats.
JAPAN
May 16, 2004

Experts are forecasting 60 more cases of mad cow

About 60 more cases of mad cow disease are expected to occur in Japan, with the number likely to peak in 2005 and 2006, according to a Cabinet Office report.
BUSINESS
May 15, 2004

Sony Bank remains mired in the red

Sony Bank Inc. posted a net loss of 2.1 billion yen in fiscal 2003 for third consecutive annual loss since it started operations.
BUSINESS
May 13, 2004

Special farm subsidies face reduction or abolishment

The Finance Ministry wants to reduce or abolish the special subsidies paid to farmers who cultivate land deemed to be at a geographical disadvantage, ministry sources said Wednesday.
Japan Times
CULTURE / Art / CERAMIC SCENE
May 12, 2004

The Emperor's phantom porcelain set

Rarely, if ever, has a dinner set taken on such a mysterious aura as the maboroshi (phantom) porcelain service made by the late Yoshimichi Fujimoto (1919-92). Used only once and then, for reasons that remain enigmatic, hidden away for years, it comprises 230 pieces, enough to serve 15 diners. Only two,...

Longform

A man offers prayers at Hebikubo Shrine in Tokyo's Shinagawa Ward. The shrine is one of several across the country dedicated to the snake.
Shed your skin and reinvent yourself in the Year of the Snake