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Japan Times
COMMENTARY / World
May 13, 2003

From Myanmar to Mae Sot

MAE SOT, Thailand F rom a distance, the textile factories near Mae Sot, Thailand, loom like fortified castles. The main buildings resemble fully encased airplane hangers. Cement walls enclose the compounds, though sometimes these, in a decorative touch, are plastered with white stucco. Entrance is via...
COMMENTARY
May 10, 2003

Let market forces decide corporate fates

WASHINGTON -- America's series of corporate scandals have demonstrated the power of the market to discipline errant businesses. Market forces can also rehabilitate firms, unless Uncle Sam decides to shoot the economy's wounded.
Japan Times
BUSINESS
May 7, 2003

Japan Post to create model offices in bid to reform

Japan Post will try to improve its operations by creating 12 model post offices around the country so employees at its 24,000 outlets can learn about cost-cutting measures and improving productivity, Japan Post President Masaharu Ikuta said in a recent interview.
COMMENTARY
May 5, 2003

China still hasn't learned the right lesson

HONG KONG -- The dismissal on Easter Sunday of Chinese Health Minister Zhang Wenkang and Beijing Mayor Meng Xuenong for their role in covering up the seriousness of the SARS (severe acute respiratory syndrome) epidemic was the biggest governmental shakeup in over a decade and has far-reaching ramifications....
COMMENTARY
May 4, 2003

Rare chance for U.S. to fix tort lottery

WASHINGTON -- Trial attorney and U.S. Sen. John Edwards is well-liked by the plaintiff's bar. Too well-liked perhaps, since the Justice Department is investigating apparently illegal contributions to his presidential campaign -- which have since been returned -- from an Arkansas law firm. Although Edwards...
BUSINESS
May 3, 2003

SMBC eyes 40% stake in Mitsui Mutual Life

Sumitomo Mitsui Banking Corp. and Mitsui Mutual Life Insurance Co. are in final talks to make the insurer a joint-stock company by next April, with the bank taking a roughly 40 percent stake in it, officials at both companies said Friday.
Japan Times
COMMUNITY
May 3, 2003

Time to reconnect? Home is where the hearts are

Living abroad has its ups and downs. There are times of euphoria -- total absorption and delight with one's adopted culture -- and there are the deep troughs, when negativity sets in and everything turns hateful and to be despised. There is also that infinitely more bewildering phase, when nothing feels...
EDITORIALS
May 2, 2003

Reviewing Mr. Koizumi's record

Prime Minister Junichiro Koizumi, now just one week into his third year in office, sounds as upbeat as he did when he took office two years ago, even as the gulf between his words and deeds continues to widen. He says he is still firmly committed to his banner slogan: "structural reform with no sacred...
Japan Times
BUSINESS
May 2, 2003

Economic woes weigh on Fukui

The fragile economy makes worrying almost an official job responsibility for the governor of the Bank of Japan. Looking back on six weeks at the helm of the central bank, Gov. Toshihiko Fukui even worried about worrying.
Japan Times
BUSINESS
May 1, 2003

Flailing Japanese companies, government turn to U.S. recovery 'guru'

Japan, still struggling to find a way out of its bad-loan quagmire, is looking for salvation from a "guru" credited with turning around whole sectors of U.S. industry.
Japan Times
JAPAN
Apr 29, 2003

Tokyo Station a mecca for outlying colleges

Hoping to ensure their survival, better meet students' needs and enhance ties with the business community, universities are increasingly opening offices and satellite campuses around Tokyo Station.
BUSINESS
Apr 26, 2003

Fujitsu slashes group net loss but remains in red

Fujitsu Ltd. remained in the red in fiscal 2002, posting a consolidated net loss for the second consecutive year after booking a restructuring cost of 151.49 billion yen, the firm reported Friday.
JAPAN
Apr 26, 2003

METI to send official to help ORHA

The Ministry of Economy, Trade and Industry will send an energy official to Baghdad to join the U.S. body administering postwar Iraq, METI chief Takeo Hiranuma said Friday.
Japan Times
JAPAN
Apr 26, 2003

Is Koizumi's political star waning?

Last weekend, Prime Minister Junichiro Koizumi was on the campaign trail alongside Liberal Democratic Party candidates fighting Diet by-elections in Tokyo and Ibaraki Prefecture.
Japan Times
JAPAN
Apr 23, 2003

Europe-based executive MBA program pitched at Japanese

European business school INSEAD has recently begun offering an exclusive executive MBA program -- and is hoping to attract some Japanese students.
BUSINESS
Apr 22, 2003

Job-creation policy sought by ministry

Economy minister Takeo Hiranuma asked the leaders of two major business lobbies Monday to propose ways to boost employment, particularly for young people.
Japan Times
BUSINESS
Apr 22, 2003

ASIMO gets job at Takashimaya

ASIMO, the humanoid robot developed by Honda Motor Co., started work Monday as a department store clerk for customer services at Takashimaya Co. in Tokyo.
JAPAN
Apr 22, 2003

Protection sought for whistle-blowers in fraud cases

Consumer groups on Monday urged that planned legislation to shield corporate whistle-blowers from retaliation by employers include a provision to protect workers who report fraudulent business deals, government officials said.
COMMENTARY
Apr 21, 2003

Peacemaker for Sri Lanka

Japan plans to play a leading role in rebuilding strife-torn Sri Lanka. Peace talks are under way to end more than 20 years of ethnic conflict between the Sinhalese (Buddhist) majority and the Tamil (Hindu) minority. An international conference on Sri Lankan reconstruction and development is scheduled...
Japan Times
BUSINESS
Apr 21, 2003

Can markets defeat global uncertainty?

With the Saddam Hussein regime effectively ousted, the world is a lot less jittery than when the U.S.-led war in Iraq began, but that doesn't mean clear skies for the global economy, according to Edwin A. Finn Jr., editor and president of Barron's magazine.
JAPAN
Apr 20, 2003

Travel, cars, ads top jobs wish list

Many of the careers most widely coveted by Japanese university students are related to the tourism industry, automakers and ad agencies, a recent survey suggests.
BUSINESS
Apr 17, 2003

IRC official to ensure it's free of political meddling

The Industrial Revitalization Corp. will hire a compliance officer to ensure that it operates ethically and without political meddling, IRC President Atsushi Saito said Wednesday.
BUSINESS
Apr 17, 2003

Tobishima returns to banks for 30 billion yen bailout

Struggling construction firm Tobishima Corp. said Wednesday it will ask its three main creditor banks to buy 30 billion yen in new preferred shares.
JAPAN
Apr 16, 2003

Employment insurance to cost more

The House of Representatives approved revisions Tuesday to the Unemployment Insurance Law, raising the premium to 1.6 percent from 1.4 percent of employee pay and slashing benefits for high-income earners.
EDITORIALS
Apr 15, 2003

Party influence continues to wane

With public interest drawn to developments in the ongoing Iraq war, the first round of elections in local governments and assemblies featured low-key campaigning and a generally poor turnout. The media has not shown great interest in hyping up the local poles. And established political parties have tended...
Japan Times
COMMUNITY
Apr 13, 2003

Black where they belong

Rewind to September 1986. Yasuhiro Nakasone, prime minister of a self-assured, economically powerful Japan, was taking swipes at American minorities -- especially African-Americans.
COMMENTARY / World
Apr 12, 2003

Slash taxes and spending, not interest rates

UBUD, Indonesia -- Alan Greenspan denounced the recent round of tax-cut proposals by the Bush administration. As governor of the world's most important central bank, his words carry a considerable amount of gravitas.
COMMENTARY / World
Apr 10, 2003

War fuels Saudi fears and anger

RIYADH -- You won't find the newly published "Hatred's Kingdom" in any Saudi bookshop, but it is in such demand among high officials that the government has brought out a reprint of its own. Its author is Dore Gold, a hardline Israeli spokesman. According to him, the "hatred" in question is rooted in...
BUSINESS
Apr 8, 2003

Sanyo goes back to school for guidance on personnel

Sanyo Electric Co. will tap academic expertise to improve its personnel management system through joint projects with Cambridge University, Hong Kong University and France's INSEAD business school, company officials said Monday.

Longform

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