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BUSINESS
May 31, 2003

Fujitsu sells part of stake in Fanuc

Fujitsu Ltd. said Friday it has sold part of its shareholdings in industrial robot manufacturer Fanuc Ltd. to raise funds to repay interest-bearing debts, although it still the biggest shareholder.
EDITORIALS
May 30, 2003

Self-help is the best help for banks

The latest earnings reports from Japan's top banks confirm what everyone already knows: They are still heavily burdened with bad loans that won't be paid back. In the financial year that ended March 31, the seven largest lenders chalked up a combined deficit of 4.6 trillion yen, in large part because...
BUSINESS
May 29, 2003

Sony unveils massive restructuring plans

Sony Corp. said Wednesday it will place more emphasis on flat TVs and DVD recorders and spend 300 billion yen on a massive restructuring drive over the next three years.
BUSINESS
May 28, 2003

No retirement bonus for Seibu execs

Seibu Department Stores Ltd., set to integrate operations with the Sogo retail group next month, will not pay retirement bonuses to Chairman Kotaro Matsumoto and seven other departing top executives, company officials said Tuesday.
Japan Times
CULTURE / Stage
May 28, 2003

Enjoy your complicite in a world of dizzying multiplicity

It was a difficult delivery. The fruit of the union between actor/director Simon McBurney, founder of London-based Complicite (formerly Thea^tre de Complicite), and a Japanese cast in Tokyo had been long-awaited, but even so it kept everyone guessing past the expected arrival time.
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 27, 2003

Norway to push whale meat exports

Norwegian Prime Minister Kjell Magne Bondevik, who arrived Monday in Tokyo, will promote controversial plans to export whale meat to Japan during three days of trade and business talks.
Japan Times
COMMUNITY
May 25, 2003

Kansai rides the onsen wave

It's a sunny Saturday afternoon, and Spa World in Osaka's Naniwa Ward is crowded with people of all ages drawn to its 16 different kinds of baths. True to its name, it's an onsen theme park with a global approach.
EDITORIALS
May 25, 2003

Auguries in a coffee cup

Eight years ago, there was no such thing as a Starbucks coffee shop in Japan. Now they are part of the landscape; in the big cities, you can often find two or three of the ubiquitous stores with the round green logo within a couple of blocks of each other. That might sound like the ultimate definition...
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.
BUSINESS
May 22, 2003

Sluggish ad sales dent Fuji TV profit

Fuji Television Network Inc. said Wednesday its group net profit for fiscal 2002 fell 14.4 percent from the previous year to 14.82 billion yen.
BUSINESS
May 21, 2003

Nissan announces Taiwan venture

Nissan Motor Co. said Tuesday it will set up a joint venture with Taiwan-based Yulon Motor Co. by the end of the year to promote car sales in Taiwan and China.
BUSINESS
May 21, 2003

Rising fuel costs bludgeon Tepco profits

Tokyo Electric Power Co.'s group net profit dropped 18.1 percent to 165.27 billion yen in fiscal 2002, with the increasing cost of fuel used to fire up thermal power generators weighing heavily on its earnings, the utility said Tuesday.
BUSINESS
May 21, 2003

Ministry calls for sweeping overhaul of farm co-ops

Structural reform is lagging behind in the farm sector and the Japan Agricultural Cooperatives group should undergo a major overhaul, the agricultural ministry said Tuesday in its annual white paper.
Japan Times
CULTURE / Music / HIGH NOTES
May 21, 2003

King Sunny Ade: "Syncro Series"

King Sunny Ade of Nigeria came and went as a star of African music, and these days makes only sporadic appearances. At his peak, in the early '80s, he had a deal with Island Records, which was then hoping he would fill the shoes and sales of the recently deceased Bob Marley. But if Ade's music was reigning...
BUSINESS
May 20, 2003

43-year-old to become president at Sega Corp.

Sega Corp., which saw two potential merger deals slide down the drain earlier this month, announced Monday that a 43-year-old senior officer will replace Hideki Sato as president.
BUSINESS
May 20, 2003

Nonlife insurers show mixed fortunes

Three of the nation's six major nonlife insurer groups posted a net loss in fiscal 2002, due to hefty valuation losses on their securities holdings, according to parent-only financial statements released Monday.
COMMENTARY
May 18, 2003

Arms sales hinder S. Asian peace effort

ISLAMABAD -- U.S. Assistant Secretary of State Richard Armitage, concluding his visit to India and Pakistan, extended Washington's support for a new peace process between the two nuclear-armed neighbors without a direct role for the United States in settling the drawn out dispute over the divided Himalayan...
COMMENTARY
May 17, 2003

Let Asia resolve the North Korean crisis

WASHINGTON -- The Iraq war is over, but the Korean Peninsula is growing hotter. Obvious disagreement over policy toward the North has clouded South Korean President Roh Moo Hyun's visit to the United States, while Washington's recent nuclear talks with North Korea ended in acrimony. U.S. President George...
BUSINESS
May 16, 2003

Mitsubishi Materials cuts net loss

Major nonferrous metal smelter Mitsubishi Materials Corp. said Thursday it slashed its group net loss to 26.85 billion yen in fiscal 2002 from the previous year's 61.32 billion yen on the strength of cost cuts and fewer special losses.
BUSINESS
May 13, 2003

Sogo, Seibu to merge operations in June

Struggling department store operator Sogo Inc. announced Monday that it will integrate its operations with Seibu Department Stores Ltd. on June 1 under a new holding company, Millennium Retailing Inc.
Japan Times
BUSINESS
May 13, 2003

Fingerprint IDs touted as leading security option

Have you ever forgotten your PIN number when attempting to withdraw cash from a bank ATM? If so, you are a target user for fingerprint identification systems.
BUSINESS
May 9, 2003

Key gauge above 50% in March

A key gauge of the current state of the economy stayed above the boom-or-bust line of 50 percent in March for the third straight month, but will probably fall below the line next month due to slowing production, the government said Thursday.
Japan Times
LIFE / Language / BILINGUAL
May 8, 2003

O-soji: the way of the Japanese housewife

A lot of things baffled when I attended a Japanese school for the first time at the age of 14. Lot's of things baffled me, but the custom of soji -- or cleaning -- of the classroom and school buildings everyday after the last bell, seemed outrageous.
Japan Times
ENVIRONMENT / OUR PLANET EARTH
May 8, 2003

Shoppers' power coming to the aid of sustainable development

Few environmentalists or economists doubt that the G-7 must take an active role in promoting environmental protection and economic prosperity in the developing world. To date, however, though the G-7 nations -- the economic powers of the developed North -- have dispensed substantial aid to the developing...
BUSINESS
May 7, 2003

Seafood firm, Waseda forge alliance

Seafood maker Natori Co. said Tuesday it will set up a joint venture with Waseda University to develop food items for the elderly.
BUSINESS
May 3, 2003

Ruthless foreigners given bad-news role

Japan's regional banks are turning to a tried and true method of conveying bad news: asking a foreign third-party to do it for them.
COMMENTARY / World
May 1, 2003

Kelly's 'fairies' threaten peace

CAMBRIDGE, England -- Last October, U.S. Assistant Secretary of State James Kelly set off an international crisis by claiming that North Korean officials had told him that Pyongyang was developing nuclear weapons. The officials denied saying that.

Longform

Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
Japan’s sauna movement: Relax, refresh, repeat