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JAPAN
Apr 6, 2002

Mad cow losses put at 365 billion yen

Mad cow disease caused at least 365 billion yen in damage to the farming sector and related industries, according to the Agriculture, Forestry and Fisheries Ministry.
BUSINESS
Apr 5, 2002

METI plans rebuttal to U.S. trade claims

The Ministry of Economy,Trade and Industry will address Japan's auto and steel market practices when it compiles a rebuttal to the recent U.S. annual report on trade barriers, the ministry's top bureaucrat said Thursday.
Japan Times
JAPAN
Apr 5, 2002

Waseda community makes recycling pay

"Super Oyaji," also known as grocer Junichiro Yasui, has been gaining attention for his green streak -- and it has nothing to do with his produce section.
BUSINESS
Apr 5, 2002

Asahi Mutual's new policy contracts see 17% increase

Struggling Asahi Mutual Life Insurance Co. said Thursday the number of new policy contracts in the 2001 business year is estimated to have grown 17 percent due to brisk sales of new products.
Japan Times
JAPAN / KANSAI BEAT
Apr 4, 2002

Win for Tigers in 2002 pennant race may spark Kansai recovery: analyst

OSAKA -- As a rabid Hanshin Tigers fan, Daiwa Research Institute President Koichi Kunisada seems pretty sure of the destiny of this year's Central League pennant -- it is bound for Osaka.
BUSINESS
Apr 4, 2002

Nippon Steel in talks over unit merger

Nippon Steel Corp. is engaged in final negotiations with its two group firms on the proposed merger of the units this business year, informed sources said Wednesday.
Japan Times
JAPAN
Apr 4, 2002

Group targets family ties via storytelling

As soon as the men would arrive on their big black bikes, children would cheer, set aside their toys and swarm around them even before they began sounding their wooden clappers. A signature large wooden box with openings and drawers was mounted on the back of their bicycles.
BUSINESS
Apr 4, 2002

Asahi, Maxxium reach liquor deal

Asahi Breweries Ltd. said Wednesday it has reached a basic agreement with Dutch liquor wholesaler Maxxium Worldwide to acquire the exclusive rights to sell Remy Martin and other premium spirits on the Japanese market, excluding Okinawa.
EDITORIALS
Apr 3, 2002

Not an enduring recovery

A ray of sunlight is breaking through the clouds. That may be one way to describe the state of Japan's economy, judging from the latest "tankan" quarterly survey of business sentiment. The March report from the Bank of Japan, released Monday, says the confidence index for major manufacturers has stopped...
BUSINESS
Apr 3, 2002

Taipei, Seoul face dumping accusation

The government is set to accuse South Korean and Taiwanese companies of exporting polyester staple fiber to Japan at unfairly low prices and levy antidumping duties on their imports, government sources said Tuesday.
Japan Times
BUSINESS
Apr 3, 2002

Tokyo Marine, Nichido Fire integrate into holding firm

Tokio Marine & Fire Insurance Co. and Nichido Fire & Marine Insurance Co. integrated their operations Tuesday and established a holding company that will eventually cover the Millea Insurance Group, which comprises three nonlife and one life insurer.
Japan Times
JAPAN
Apr 2, 2002

Nonsmokers little-served by air purifiers

Whether they are waiting to board a flight at Tokyo's Haneda airport or taking a break in the lobby of a government ministry in the Kasumigaseki district, smokers nowadays are often herded into areas with prominent air filtering devices.
BUSINESS
Apr 2, 2002

'Tankan' report shows gloom lifting among big manufacturers

The decline in corporate sentiment among large manufacturers slowed for the first time in five quarters but remains weak overall, according to the Bank of Japan's quarterly "tankan" survey released Monday.
BUSINESS
Apr 2, 2002

Mizuho Holdings sees new dawn

Mizuho Holdings Inc., the world's largest banking group by assets, made a fresh start Monday as its three core banks merged into two -- Mizuho Bank and Mizuho Corporate Bank.
Japan Times
BUSINESS
Apr 1, 2002

Nissan Construction Co., stiffed by Mycal, files for protection

Nissan Construction Co., affiliated with collapsed retailer Mycal Corp., has filed for protection from creditors.
EDITORIALS
Mar 31, 2002

Wal-Mart, Sprawl-Mart

Two weeks ago, Wal-Mart Stores Inc. announced a deal with local supermarket chain Seiyu that would give the U.S. cut-price retail colossus a foothold in the Japanese market: a 6.1 percent share in Seiyu now, with an option to increase its stake to two-thirds by the end of 2007. The announcement has been...
BUSINESS
Mar 30, 2002

Industrial production rises 1.3%

Japan's industrial production rose a seasonally adjusted 1.3 percent in February, the government reported Friday.
BUSINESS / ON THE FRONT LINE
Mar 29, 2002

Brace for realities of the new fiscal year

The recent developments on the Tokyo stock market have been perplexing.
BUSINESS
Mar 29, 2002

DoCoMo set to post appraisal losses

NTT DoCoMo Inc. said Thursday it may, if necessary, post appraisal losses on its overseas investments for the 2001 business year due to stock price movements.
BUSINESS
Mar 29, 2002

Japan Telecom forges alliance with Qwest

Japan Telecom Co. said Thursday it has agreed with Qwest Communications Corp. of the United States to jointly offer international data communications network services in Japan, the U.S. and Europe.
EDITORIALS
Mar 28, 2002

A fairer tax system needed

Two years ago the Tokyo Metropolitan Government imposed a controversial tax on large banks doing business in the capital, with business size, not income, as the standard. Twenty-one banks (now 18 due to reorganization) filed a lawsuit seeking repeal of the tax. On Tuesday the Tokyo District Court ruled...
BUSINESS
Mar 28, 2002

Balance of stocks sold short continues downward slide

The balance of stocks sold short continued to fall last week, while that of margin buying edged higher.
Japan Times
BUSINESS
Mar 27, 2002

DaimlerChrysler man to head MMC

DaimlerChrysler AG's representative to its partner Mitsubishi Motors Corp. will take over the presidency of the Japanese carmaker from Takashi Sonobe, MMC sources said Tuesday.
CULTURE / Art / NEW ART SEEN
Mar 27, 2002

Putting a 'gloss' on exhibitions

A computer-geek friend of mine recently posed an interesting problem to me: "If you wanted to save a document so that it was easily accessible 100 years from now, what format would you use?"
BUSINESS
Mar 26, 2002

Nagasakiya wants 16 years to pay back 17.5% of debt

Supermarket chain Nagasakiya Co., currently undergoing court-mandated rehabilitation, has compiled an installment plan to pay some of its debt over 16 years, the company said Monday.
SUMO
Mar 25, 2002

Musashimaru ends with loss

Yokozuna Musashimaru, looking somewhat relaxed after capturing the Haru Basho title the previous day, lost to ozeki Tochiazuma on the final day, to finish with a 13-2 record and his 10th title.
BUSINESS / JAPANESE PERSPECTIVES
Mar 25, 2002

Sinking investment signals need to embrace deflation

Two sets of key government statistics on economic conditions released earlier this month -- the October-December data on corporate activities issued March 6 and the quarterly 2001 annual gross domestic product released March 8 -- both highlighted the lackluster state of capital investment by Japanese...
EDITORIALS
Mar 23, 2002

Taiwan flexes its muscles

There appears to be a new confidence in Taiwan these days. The island government senses new diplomatic opportunities and is wasting no time in exploiting them. That is understandable, but Taipei must also be cautious. Over-reaching will only anger China, which is ever sensitive to the status of the island...
Japan Times
BUSINESS
Mar 22, 2002

Apple increases price of iMac by 20,000 yen

Following a recent rise in computer component prices, Apple Computer Inc. has decided to increase the price of its iMac computer by 20,000 yen in Japan and $100 in the United States, effective immediately, Steve Jobs, Apple's chief executive officer, revealed Thursday.
BUSINESS
Mar 21, 2002

Balance of shares sold short logs first fall in three weeks

The balance of shares sold short turned lower for the first time in three weeks last week, reflecting a growing wave of buying to cover short positions.

Longform

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