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April 24, 2025
 

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BUSINESS
May 30, 2003

Resona Holdings suffers 549.4 billion yen latent loss

Resona Holdings Inc. has incurred a 549.4 billion yen latent loss on the preferred shares it issued through the previous round of public fund injections, a senior government official said Thursday.
BUSINESS
May 28, 2003

Net overseas assets off slightly on stronger yen

The outstanding balance of Japan's net overseas assets stood at 175.31 trillion yen at the end of last year, down 2.2 percent from a record high marked a year earlier and the first drop in three years, the Finance Ministry said Tuesday.
BUSINESS
May 28, 2003

Japan still aiming to meet WTO frameworks deadline

Japan will continue efforts during the ongoing World Trade Organization negotiations to set up frameworks for nonfarm trade liberalization by Saturday's deadline, trade minister Takeo Hiranuma said Tuesday.
BUSINESS
May 27, 2003

JETRO, ministries opening 14 foreign investment offices

The Japan External Trade Organization and 13 other entities, including the trade and foreign ministries, were to each set up an office Monday aiming to boost direct foreign investment in Japan, Chief Cabinet Secretary Yasuo Fukuda said.
BUSINESS
May 27, 2003

Fukuda, Shiokawa clash on sales tax

The government has yet to make a decision on raising the consumption tax in fiscal 2007, Chief Cabinet Secretary Yasuo Fukuda said Monday, downplaying the finance minister's remark the previous day in favor of such a hike.
BUSINESS
May 23, 2003

Broadband mart seen growing fivefold in five years

The telecommunications ministry expects the value of the nation's broadband market to post a fivefold surge to 10.2 trillion yen over the next five years, according to a copy of a draft 2003 white paper made available Thursday.
COMMENTARY / World
May 22, 2003

Euro's supporters face uphill battle in Britain

LONDON -- If a strong economy and a strong currency are meant to go hand in hand, the 12-nation euro zone is disproving conventional wisdom, and posing stiff challenges for policymakers with implications for the wider world economy.
BUSINESS
May 21, 2003

Report cites flat economy, mounting risks of SARS

The economy remained flat in May, the government said Tuesday. In its monthly economic report, the government also described the spread of severe acute respiratory syndrome as a risk factor.
BUSINESS
May 21, 2003

Bill imminent to let insurers shirk on yields

The tripartite ruling coalition approved Tuesday an amended bill that would allow life insurers to cut yields guaranteed to policyholders, resulting in a possible cut in payouts, coalition officials said.
BUSINESS
May 20, 2003

Doublespeak dominates aftermath of Resona move

The government holds a financial crisis council, but says there is no crisis. It will inject 2 trillion yen into a bank and is expected to become its top stakeholder, but says this does not nationalize the bank.
EDITORIALS
May 20, 2003

On the brink of another recession

Japan's economy appears on the brink of yet another recession -- the fourth in a decade. The nation's gross domestic product -- the total value of goods and services produced at home -- remained flat in real terms, not including price effects, in the first three months of the year, according to data...
BUSINESS / JAPANESE PERSPECTIVES
May 19, 2003

It's time to meet expectations by installing stock-market package

Japan managed to avoid the so-called March crisis as share prices picked up temporarily toward the end of the month. However, the stock market remained in a slump in April, with the Nikkei average dipping at one point to the 7,600 range.
COMMENTARY / World
May 19, 2003

North Korea tops Koizumi's U.S. agenda

HONOLULU -- When Prime Minister Junichiro Koizumi meets with U.S. President George W. Bush at the president's ranch in Texas this week, he will be speaking for a Japan that feels more threatened, this time by North Korea, than at any time since World War II.
BUSINESS
May 14, 2003

Business lobbies push for creation of career centers

Two major business lobbies asked the government Tuesday to help create career centers to help boost employment among the young.
BUSINESS
May 14, 2003

Core machinery orders grow 3.8%

Core private-sector machinery orders rose a seasonally adjusted 3.8 percent in March from a month earlier but are expected to fall 10.5 percent in the April-June quarter amid concerns over the U.S. economy as well as other economies in Asia, the government said Tuesday.
EDITORIALS
May 13, 2003

Streamlining state subsidies

In a move toward greater local autonomy, a government panel has submitted a report to Prime Minister Junichiro Koizumi calling for large cuts in state subsidies to local governments, including a reduction in government payments for public education. Currently the central government pays half of the salaries...
Japan Times
COMMENTARY / World
May 13, 2003

Dam Politics

Poverty haunts the people of Myanmar but those who live in remote, landlocked Karenni State are among the poorest of the poor. Karenni, Myanmar's smallest state, is also the least populated with less than 250,000 inhabitants, many of them landless. Communication is poor and there is little employment....
COMMENTARY
May 12, 2003

A rocky British partnership

LONDON -- Prime Minister Tony Blair has staked his reputation on achieving a significant improvement in British public services. Under previous Conservative Party administrations, public services were allowed to run down as public expenditures were reduced.
BUSINESS
May 10, 2003

Ikuta against using postal savings to prop up stocks

Japan Post President Masaharu Ikuta said Friday he is against calls for the new public postal corporation to dump more funds from postal savings and insurance into the flagging stock market.
BUSINESS
May 10, 2003

Consumer pessimism lifts slightly

The key index of consumer confidence in Tokyo rose 1.7 points in April from the previous month to 40.5, up for the first time in two months, the government said Friday.
BUSINESS
May 8, 2003

METI to open 10 youth job centers in '03

The Ministry of Economy, Trade and Industry plans to open 10 youth job-placement centers by the end of the current fiscal year, ministry officials said Wednesday.
BUSINESS
May 1, 2003

BOJ promises to keep economy flush

The Bank of Japan on Wednesday said it would force-feed the economy with money as needed, in a bid to wipe out even hints of a collapse in the financial system.
EDITORIALS
May 1, 2003

Privacy bills still have faults

The Diet debate on the government-proposed privacy legislation cleared a major hurdle last week as a Lower House special committee approved it with the support of the ruling parties. The controversial package, designed to protect personal information held by government offices and private companies,...
JAPAN
Apr 30, 2003

Nobel chemist, ex-Kobe mayor among government honorees

Masatoshi Koshiba, winner of the Nobel Prize in chemistry, and Kosaku Inaba, former chairman of the Japan Chamber of Commerce and Industry, will be honored with the Grand Cordon of the Order of the Rising Sun, the Cabinet office said in releasing the names of 4,301 men and 297 women in Japan on this...
JAPAN
Apr 30, 2003

Hatfield of U.S., Devakula of Thailand to be decorated

Former U.S. Sen. Mark Hatfield and Thai Privy Councilor Thep Devakula will be honored with the Grand Cordon of the Order of the Sacred Treasure, the second-highest decoration awarded regularly by the Japanese government, the Cabinet Office said Tuesday.
BUSINESS
Apr 29, 2003

Deflation-fearing firms want action

More than half of major firms responding to a recent survey said the government must implement both fiscal and monetary policies to combat deflation, the Cabinet Office said Monday.
JAPAN
Apr 28, 2003

Support waning for hikes in pension premiums: poll

The number of people expressing understanding of a rise in public pension premiums has dropped compared with 10 years ago, according to recent government survey.
JAPAN
Apr 28, 2003

Pianist, barber to receive government medals

A maverick jazz pianist and a hearing-impaired barber are among the 810 people who will receive government medals Tuesday in recognition of their contributions to society, the Cabinet Office said Sunday.
Yen on the march as Plaza Accord 2.0 debate grows
The yen strengthened dramatically this month — hitting ¥139.9 to the dollar on Tuesday — and could become a topic of conversation in trade talks between the United States and Japan.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Jetstar Japan fined for failing to provide adequate cabin crew breaks
The logo of Jetstar Airways on an aircraft parked outside a maintenance hangar in Melbourne, Australia, on Feb. 27.
Japan wants to 'separate' tariff and security issues. That may be tough.
Japan’s chief tariff negotiator, Ryosei Akazawa, poses with a "Make America Great Again" cap at the White House in Washington on April 16.
Cases of epidural use in labor rise in Japan alongside concerns
Of the 721,000 childbirths reported in 2024 in Japan, 13.8% involved the use of an epidural, according to the Japan Association of Obstetricians and Gynecologists.
Is Japan’s parliament ready to welcome more youth to its ranks?
Lower House lawmaker Kai Odake in his Tokyo office on Wednesday
The floor is art: Takuro Tamayama transforms mundanity
Takuro Tamayama’s sculpture “Models (Pair, 6 sets, 12 rings)” comes with a mathematical formation that scales it for different spaces.
Cases of epidural use in labor rise in Japan alongside concerns
Of the 721,000 childbirths reported in 2024 in Japan, 13.8% involved the use of an epidural, according to the Japan Association of Obstetricians and Gynecologists.
Nothing sells like Shohei Ohtani, MLB’s marketing megastar
People walk past an advertisement featuring Los Angeles Dodgers two-way star Shohei Ohtani outside Tokyo Dome on March 18.

Podcast

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

Longform

Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.
By Tomoko Otake

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