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BUSINESS
Mar 15, 2001

Emergency economic aid set for April

The government will implement the ruling coalition's package of emergency economic measures in April and May, the Liberal Democratic Party's policy chief said Wednesday.
JAPAN
Mar 9, 2001

MPD officer arrested for bribery

Metropolitan Police Department officer was arrested Thursday on suspicion of accepting bribes from a company president in exchange for influencing police officers investigating a case involving his firm, police sources said.
JAPAN
Feb 27, 2001

Kamei received 30 million yen cash, witness tells court

A witness told the Tokyo District Court on Monday that he saw an Osaka real estate developer give 30 million yen to Shizuka Kamei, chairman of the Policy Affairs Research Council of the ruling Liberal Democratic Party.
JAPAN
Feb 27, 2001

Kamei received 30 million yen cash, witness tells court

A witness told the Tokyo District Court on Monday that he saw an Osaka real estate developer give 30 million yen to Shizuka Kamei, chairman of the Policy Affairs Research Council of the ruling Liberal Democratic Party.
BUSINESS
Feb 6, 2001

Condos ride tax breaks to powerful market surge

The number of condominiums put up for sale in Japan's major cities in 2000 came to 182,067, the second-largest number on record, thanks to tax cuts for housing loan borrowers and low mortgage rates, the Real Estate Economic Institute said Monday.
JAPAN
Jan 28, 2001

Area's jewelers rode wave of fortune

While not as well-known as the Ameyoko shopping street to the north, Okachimachi Station's south side in Tokyo's Taito Ward has traditionally been the country's largest jewelry town.
JAPAN
Dec 24, 2000

Woman battles unfair rental practices

SHINGU, Hyogo Pref. -- When Suzuko Miura learned in March she would be returned only 34,181 yen of the 98,000 yen deposit she had paid on her son's Kyoto apartment, she refused to go down without a fight.
JAPAN
Dec 5, 2000

Lower House ranks' assets slip

House of Representatives lawmakers declared an average of 73.22 million yen in personal assets as of June, down from 87.05 million yen in their last asset reports in March 1997, according to calculations by Kyodo News.
COMMENTARY / World
Nov 22, 2000

Two countries, one system?

CAMBRIDGE, England -- Last week, Willy Wo-Lap Lam lost his job as the China correspondent on the South China Morning Post. That technically he resigned rather than be "promoted" to a non-China-related job is irrelevant, as it was clear that he was not going to be allowed to continue writing his weekly...
BUSINESS
Sep 4, 2000

Japanese seen embracing a risky future

At 30, Tetsushi Nakamura is a seasoned stock investor. The system engineer from Hibarigaoka, Saitama Prefecture, got his hands on stocks when he was in his fourth year of elementary school, buying shares of a construction company on his dad's advice.
JAPAN
Aug 27, 2000

Corpse identified; foul play suspected

OSAKA -- Police on Saturday identified the body of a woman found adrift in May in waters off Bizen, Okayama Prefecture, as that of an Osaka woman who had been missing since early April, police said.
BUSINESS
Aug 17, 2000

Seibu scheme brings in 108 billion yen

In an effort to reduce interest-bearing debts, Seibu Department Stores Ltd. said Wednesday it raised 108.1 billion yen by securitizing its flagship store in Tokyo's Ikebukuro.
JAPAN
Aug 5, 2000

Average Cabinet minister has 258 million yen in assets

The personal and family assets of Prime Minister Yoshiro Mori and his Cabinet at the time of the Cabinet's formation July 4 averaged 258 million yen, according to government data released on Friday.
COMMUNITY
Jul 30, 2000

When life gets you down, litigate, litigate, litigate

SAN FRANCISCO -- There are those in the U.S. who tie up the courts with questionable lawsuits. Then there's Patricia Alice McColm.
BUSINESS
Jul 19, 2000

Seiyo goes bankrupt with 550 billion yen debt

Real estate developer Seiyo Corp. filed for liquidation Tuesday with the Tokyo District Court, collapsing under group debts estimated at 550 billion yen.
JAPAN
Jul 19, 2000

Heo denies swindling petrol company

Heo Young Joong, a real estate developer suspected of causing financial damage to defunct trading house Itoman Corp., pleaded not guilty Tuesday to charges that he swindled a petroleum goods seller out of 18 billion yen in promissory notes.
BUSINESS
Jul 5, 2000

Sogo chief asked to give up assets

Troubled department store operator Sogo Co. has asked its former chairman to hand over more of his personal assets to make reparations for its financial woes, Sogo officials said Tuesday.
BUSINESS
Jun 23, 2000

Restructuring putting a damper on recovery

Recent economic reports indicate the nation has finally pulled itself out of a decade of doldrums.
BUSINESS
Jun 22, 2000

Bankruptcy declared for realtor, unit

Real estate developer EIE International Corp. and its affiliate General Lease Co. have been declared bankrupt by the Tokyo District Court, a private credit research agency said Wednesday.
BUSINESS
Jun 1, 2000

Tokyo Sowa execs indicted for fraud

Prosecutors on Wednesday indicted five former executives of the failed Tokyo Sowa Bank on charges of conspiring to falsely show the bank had adequate capital reserves.
EDITORIALS
May 31, 2000

Bright prospects for corporate Japan

Corporate-earnings reports for fiscal 1999, which ended March 31, provide further evidence of a budding recovery in the corporate sector. Most of the companies listed on the Tokyo Stock Exchange posted their first net profit increase in three years. On a consolidated basis, pretax profits surged an estimated...
BUSINESS
May 29, 2000

Seibu seeks more capital to cover hole left by Seiyo

Seibu Department Stores Ltd. will increase its capital in an effort to wipe out a large capital deficit left by Seiyo Corp., a real estate developer in its Saison retail group, sources familiar with the move said Sunday.
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.
JAPAN
May 12, 2000

Tokyo Sowa execs held for fixing books

Police on Thursday arrested six former executives of the failed Tokyo Sowa Bank on suspicion they conspired to falsify accounts to hide the company's capital inadequacy.
JAPAN
Mar 16, 2000

Lawyer held for hiding client

An Osaka lawyer was arrested Wednesday on suspicion of hiding a man accused of helping real estate developer Heo Young Joong, 53, evade police after the start of his trial on charges of conspiring to cause damage to defunct trading house Itoman Corp.
JAPAN
Mar 7, 2000

Former defense official served with fresh bribery warrant

OSAKA -- A former Defense Facilities Administration Agency official under arrest for fraud was served a fresh warrant Monday on suspicion he accepted 2 million yen in bribes from an oil sales company to help the firm start business with the Defense Agency, prosecution officials said.
JAPAN
Mar 1, 2000

State agencies dealt with Aum

A police raid of eight facilities related to Aum Shinrikyo on Tuesday revealed that major companies and government agencies had placed orders with a computer software company believed to be a major source of funds for the cult, investigators said.
JAPAN
Feb 29, 2000

State agencies did business with Aum company

A police raid of eight facilities related to Aum Shinrikyo on Tuesday revealed that major companies and government agencies had placed orders with a computer software company believed to be a major source of funds for the cult, investigators said. Police searched the facilities on suspicion that a cultist...
JAPAN
Jan 21, 2000

Stocks, cell phones raise industrial index

The nation's overall service industry activity increased 0.6 percent in November from the previous month due to increased mobile phone sales and active stock trading, marking the first rise in three months, according to a preliminary report issued Friday by the Ministry of International Trade and Industry....
JAPAN
Nov 16, 1999

Regional Special: Sanin

'Inaka' taps city disenchanted to repopulate>Staff writer

Longform

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