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COMMENTARY / World
Jan 26, 2001

Macroeconomic pacing urged

Both Japan and the United States are vulnerable to the same macroeconomic policy mistakes -- overreacting to short-term bad news and making wrong policy decisions, a renowned American economist warned during a recent symposium held in Tokyo.
BUSINESS
Jan 26, 2001

Tokyo Sowa buyer to restore bank's niche role

Officials of Tokyo Sowa Bank's new owner-to-be said Thursday they intend to rebuild the failed regional bank's "niche retail" functions by targeting small firms and individuals left behind in the era of megabank mergers.
CULTURE / Film
Jan 23, 2001

Lock, stock and instant noodles

Here's a word association game for you. What comes to mind when you hear "Thai cinema?" A blank? Don't worry -- in Japan, you're hardly alone.
JAPAN
Jan 23, 2001

Hokkaido retiree gets new start as teacher

As a boy, Ichio Yachimukai wanted to become a teacher out of gratitude for the kindness of his junior high school teacher, but he never imagined that he would one day venture to Vietnam to realize his ambition.
COMMENTARY
Jan 22, 2001

Fairness for foreign workers

The recent arrest of Tadao Koseki, former president of KSD, a mutual-aid society for small business, on bribery charges has turned the spotlight on problems involving foreigners working here as "trainees." Koseki was also director of an agency called IMM Japan that takes care of trainees from Indonesia....
JAPAN
Jan 19, 2001

Bureaucratic reform date set

Basic reform principles for Japan's civil service and special public corporations will be drafted by June, Ryutaro Hashimoto, minister in charge of administrative reforms, said Thursday.
BUSINESS
Jan 18, 2001

Daiichi Mutual administrators pull plug

The administrators of failed Daiichi Mutual Fire & Marine Insurance Co. on Wednesday said they have terminated an eight-month search for a white knight.
BUSINESS
Jan 17, 2001

Izumiya to close nine supermarkets running at a loss

OSAKA -- Izumiya Co., a midsize supermarket operator based here, will close down nine of its 20 loss-making stores and eliminate 400 jobs by introducing an early retirement program by the end of February 2003, the company said Tuesday.
COMMENTARY
Jan 16, 2001

Best politics money can buy

Under a new law, which will come into force shortly in Britain, all political donations of more than 5,000 British pounds (some 800,000 yen) will have to be reported and foreign donations will be disallowed. The rules have been brought in to deal with suspicions that large donations to party funds may...
COMMENTARY
Jan 15, 2001

Calling off all bets on Japan

Predictions can be dangerous when Japan is involved.
COMMENTARY / World
Jan 14, 2001

How Washington turns virtue into vice

WASHINGTON -- Only in the morally sick society of Washington would the charitable actions of Linda Chavez, George Bush's nominee for labor secretary, be condemned as political vices rather than celebrated as civic virtues. Her withdrawal of her candidacy unveils the perverse policies that the new administration...
COMMUNITY
Jan 14, 2001

Turning gray offices into great places to work

Steven Louie, vice president and design director of Gensler Tokyo, is not only warm, open and charming; he's also sensitive, patient, and very very kind. This was illustrated by his treatment of the 16-year-old student from the U.K. (on a work experience program) who accompanied me, listening attentively...
BUSINESS
Jan 13, 2001

Nikkeiren shuns pay raise, offers compromise to labor

Japan's largest employers group on Friday balked at labor's demands for pay raises and instead endorsed a policy that would allow employees to share increases in profit at major firms through bigger bonuses or one-off allowances.
COMMENTARY / World
Jan 11, 2001

China's 'democratic' option

LONDON -- The recently released details of the secret debate among China's leaders before they crushed the prodemocracy protests on Tiananmen Square in 1989 don't just tell us about China's past. They also tell us a lot about its present, and even about its likely future.
BUSINESS
Jan 7, 2001

Think twice before 'penalizing' firms that adopt consolidated tax

Following tax reform proposals issued by the ruling coalition late last year, the government has decided to introduce the consolidated corporate taxation system in fiscal 2002.
EDITORIALS
Jan 6, 2001

Good luck, Mr. Bush, you'll need it

At the start of a new century, the world situation remains in flux. The much-heralded "new world order" has yet to arrive. The United States, of course, holds the key. Developments in the next few years -- not only in the field of economics, but also in politics and security -- will depend largely on...
BUSINESS
Jan 6, 2001

Young information technology execs join social revolution

The role played by young people in promoting information technology in society was highlighted in early December when a teenage company executive was recognized and won an award for being the person most representative of the IT revolution.
JAPAN
Jan 4, 2001

Public wants coalition dropped a peg

Forty percent of the Japanese electorate hopes the House of Councilors election scheduled for July will end in a tie between the ruling and opposition parties, and 87 percent would like to directly elect the prime minister, according to a Kyodo News poll released Wednesday.
COMMENTARY / World
Jan 4, 2001

For freedom to work, we need fairness

Globalization is breaking down frontiers around the world. For the first time in centuries, freedom is a reality for most people in most countries. But freedom -- both political and economic -- can only serve all citizens when exercised responsibly and fairly. Disappearing borders for business, in an...
BUSINESS
Jan 1, 2001

Economy expected to limp toward recovery

The consensus among economists at private think tanks is that the economy will continue to grow, albeit slowly, for the remaining three months of fiscal 2000 and through the next fiscal year.
COMMENTARY / World
Jan 1, 2001

Progress alone won't be enough

IT, shorthand for information technology, was a buzzword in Japan in 2000. Never before had computers and the Internet caused such a furor in the media. To be sure, IT had created a boom several times in the past, but its impact had been confined to the corporate sector. In contrast, the latest boom...
JAPAN
Dec 31, 2000

Cities set to merge divided over new leader

It looked like a match made in heaven when, on Aug. 10, the two beaming mayors of Hoya and Tanashi shook hands on a deal to merge the two western Tokyo cities.
BUSINESS
Dec 29, 2000

Spring recovery may see the yen rebound

The dollar has climbed past the 114 yen level for the first time in a year and four months amid growing skepticism about Japan's economic recovery.
BUSINESS
Dec 29, 2000

Downsizing victims to open second pub

A union comprised mainly of middle-aged Japanese who lost their jobs due to restructuring drives is set to open its second pub in February, union members said.
BUSINESS
Dec 28, 2000

Kumagai debt waiver OK'd

After months of negotiations, the 15 creditor banks of ailing general contractor Kumagai Gumi Co. have basically agreed to a debt-waiver package that would relieve the firm of a loan burden totaling 450 billion yen, sources close to the talks said Wednesday.
JAPAN
Dec 27, 2000

Evacuees face New Year gloom

The dawn of the 21st century will be little cause for celebration for some 3,800 evacuees from Miyake Island.
JAPAN
Dec 26, 2000

Number of temporary workers up 19% in 1999

The number of temporary workers in Japan surged 19.3 percent in fiscal 1999 from a year earlier to 1,067,949, according to the Labor Ministry.

Longform

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