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JAPAN
Feb 21, 2004

Diet dean Yamanaka, LDP's sales tax champion, dies at 82

Liberal Democratic Party heavyweight Sadanori Yamanaka, who influenced the nation's tax policies in the 1980s as a champion for the consumption tax, died Friday at Juntendo University Hospital in Tokyo. He was 82.
BUSINESS
Feb 21, 2004

Families shell out for latest school supplies

With the new school year just around the corner in April, many manufacturers of school supplies are introducing a slew of new products with the latest designs and gadgets.
EDITORIALS
Feb 20, 2004

GDP growth belies strong recovery

Japan's economy expanded at an annualized rate of 7 percent in the last quarter of 2003, with export-oriented large manufacturers providing the main thrust of growth. Whether this will lead to a broad and enduring recovery remains to be seen, however. The export boom will fizzle out if overseas demand...
BUSINESS
Feb 20, 2004

Rakuten reports profit now in record territory

Rakuten Inc., Japan's biggest Internet shopping mall operator, said Thursday that its group pretax profit surged 97.9 percent in the year to Dec. 31 from the previous year to a record 4.44 billion yen on an increase in tenants at its mall.
Japan Times
JAPAN
Feb 19, 2004

Housing corporations in deflation funk

An increasing number of local public housing corporations are on the brink of insolvency due to declining land prices, threatening to deal a serious blow to already fragile regional economies.
Japan Times
BUSINESS
Feb 18, 2004

The market for 'hot' underwear is heating up

"Heat-generating" fibers developed by Japanese textile manufacturers utilizing the water-absorbing, quick-drying functions of artificial fibers are warming up the underwear market.
BUSINESS
Feb 18, 2004

Index of coincident economic indicators revised upward

The government Tuesday revised upward the key gauge of the state of the economy for December, underlining the gradual recovery.
JAPAN
Feb 17, 2004

Kanebo eyes IRCJ instead of Kao deal

In a sudden turn of events, Kanebo Ltd. said Monday it has scrapped a plan to sell its core cosmetics business to Kao Corp. and instead will seek a government bailout.
JAPAN
Feb 17, 2004

Japan CDs made abroad face five-year import ban: agency

The Cultural Affairs Agency is considering a ban on importing Japanese music CDs manufactured overseas until about five years after their release, government sources said Monday.
BUSINESS
Feb 17, 2004

Honda, GE to market engine for business jets

Honda Motor Co. and General Electric Co. said Monday they have agreed to jointly commercialize a new turbofan jet engine for small business planes.
JAPAN
Feb 14, 2004

'Cool' hunter leads foreign visitors along cutting edge of Japan fashion

Loic Bizel leads visitors through alleys packed with wild-haired youngsters, makes his way into tiny boutiques tucked beneath stairwells and points out fatigue-inspired jackets, hand-painted sneakers and plaid miniskirts.
JAPAN
Feb 14, 2004

Electronics retailers searched

Government authorities on Friday searched two electronics retail outlets in Fukuoka over their suspected sales of thousands of used home appliances that had been collected for recycling.
BUSINESS
Feb 13, 2004

Coca-Cola Japan eyes new business strategy

The Japanese unit of The Coca-Cola Co. plans to strengthen its four main products through advertising campaigns and develop health drinks and other new products to respond more quickly to changing beverage trends.
BUSINESS
Feb 13, 2004

Softbank ups Yahoo! BB subscriber target by 50%

Softbank Corp. said Thursday it has raised the target number of subscribers to its Yahoo! BB high speed Internet connection service by 50 percent.
Japan Times
JAPAN / LABOR PAINS
Feb 12, 2004

Osaka firms turning to foreign workers

OSAKA -- The Imazato district of Osaka has long been home to a large concentration of small and midsize enterprises.
Japan Times
JAPAN
Feb 11, 2004

Fire rages at Akihabara electronics store

A fire broke out Tuesday at an electronics store in Tokyo's Akihabara district and two firefighters were slightly injured in tackling the blaze, police and firefighters said.
Japan Times
JAPAN
Feb 10, 2004

Russian chocolatier steeped in tradition

St. Valentine's Day is just around the corner, and chocolate is occupying the thoughts of many people across the nation.
BUSINESS
Feb 10, 2004

Sumitomo Chemical posts profit

Sumitomo Chemical Co. reported Monday a group net profit of 23.42 billion yen for the April-December period, attaining about 70 percent of its target for the full fiscal year to March 31.
COMMENTARY
Feb 10, 2004

'Next big thing' key to growth

During Japan's bubble-economy years of fiscal 1987-1990, consumer spending grew at an annualized 5.5 percent in real terms. But during the Heisei recession of fiscal 1991-2001, consumer-spending growth slowed to an annualized 1.0 percent. Most experts agree that the slowdown in consumer spending, which...
BUSINESS
Feb 10, 2004

Shinsei Bank sets IPO price at 525 yen for listing on TSE

Shinsei Bank said Monday it will make an initial public offering at 525 yen per share when it lists on the Tokyo Stock Exchange on Feb. 19.
BUSINESS
Feb 10, 2004

Japan Tobacco increases pretax profit forecast

Japan Tobacco Inc. said Monday it has raised its group pretax profit forecast for fiscal 2003 to 197 billion yen from 187 billion yen, due to cost cuts in its domestic tobacco operations.
BUSINESS
Feb 10, 2004

Unison Capital eyes Kanebo cosmetics

Venture capital firm Unison Capital Inc. said Monday it has proposed taking over Kanebo Ltd.'s cosmetics operations, challenging Kao Corp.'s bid for the operations.
Japan Times
JAPAN
Feb 7, 2004

Harajuku Segway stunt draws Tokyo cops' ire

Tokyo police turned over to prosecutors Friday their case against a businessman who asked an employee to ride a U.S.-made Segway scooter on a public street, allegedly in violation of the Road Traffic Law.
BUSINESS
Feb 7, 2004

Mitsubishi, wholesalers turn up heat on food firms

Mitsubishi Corp. said Friday it and five food wholesalers will establish a joint venture this month to strengthen their bargaining power in dealing with food makers.

Longform

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