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JAPAN
Jan 22, 1999

DaimlerChrysler begins tieup talks with Nissan

The chairmen of DaimlerChrysler AG said Friday they opened tieup talks with Nissan Motor Co. Thursday night, but refused to divulge details of their discussions with Nissan President Yoshikazu Hanawa.
JAPAN
Jan 21, 1999

Sandwich makers sue Subway, Suntory

Eight former franchisees of Subway Japan, a fast-food sandwich chain, filed a 457 million yen damages suit Thursday with the Tokyo District Court against its headquarters and Suntory Ltd., alleging that unfair contracts between the owners and the headquarters resulted in the failure of their shops.
JAPAN
Jan 20, 1999

Daiei president steps down to speed restructuring efforts

Daiei Inc. Chairman and President Isao Nakauchi, who established the nation's largest supermarket chain operator, relinquished his post as president to accelerate its restructuring efforts, Daiei officials said Wednesday.
JAPAN
Jan 20, 1999

Sanwa, Toyo Trust to set up 'Big Bang' survival alliance

Sanwa Bank and Toyo Trust & Banking Co. have agreed to form an extensive business alliance to survive the ongoing "Big Bang" financial reforms, officials of the two banks announced Wednesday.
JAPAN
Jan 20, 1999

1998 domestic car output fell 9%

Domestic production by Japan's five top automakers in 1998 dropped 8.9 percent from the previous year to 7,880,395 units, according to figures separately released by the firms Wednesday.
JAPAN
Jan 19, 1999

Failures in '98 hit second-highest level since war

The number of corporate bankruptcies in 1998 jumped to 19,171, the second-highest level in postwar history, a private research firm announced Tuesday.
JAPAN
Jan 15, 1999

Air Link's members-only approach winning believers

24th in a series of occasional articles on venture businesses
JAPAN
Jan 14, 1999

Meiji Life hawking policies in magazines

Meiji Life Insurance Co. has started selling a 5 million yen life insurance plan through magazine advertisement inserts, company officials said Thursday.
JAPAN
Jan 14, 1999

Imported auto show dampened by recession

The nation's largest imported automobile trade show started Thursday in Tokyo, with the number of participating companies and cars on display significantly decreased from previous shows amid the economic slump.
JAPAN
Jan 13, 1999

Toyota unveils 1,000cc hatchback

Toyota Motor Corp. unveiled Wednesday a new 1-liter hatchback vehicle called Vitz, which will serve as a base for its line of cars aimed at the global compact car market, the automaker says.
JAPAN
Jan 6, 1999

Nissan to sell textile unit to Toyoda Loom

Nissan Motor Co. has reached a basic agreement with Toyoda Automatic Loom Works Ltd. to transfer its water jet textile business to the founding firm of the Toyota Motor group, the two firms announced on Wednesday.
JAPAN
Dec 28, 1998

Fujita restructuring plan, default requests unveiled

Fujita Corp., a general contractor, unveiled a new five-year restructuring plan Monday and requested that six main creditor banks renounce a total of 120 billion yen in loans provided to the firm.
JAPAN
Dec 18, 1998

Nissan denies rumor of DaimlerChrysler talks

Nissan Motor Co. President Yoshikazu Hanawa on Friday denied his company has negotiated with DaimlerChrysler AG over a capital-tieup alliance, but added that "generally speaking," the firm will welcome talks for a global alliance with other major automakers to survive the 21st century.
JAPAN
Dec 16, 1998

LDP finalizes record 9.3 trillion yen tax cut plan

The ruling Liberal Democratic Party finalized a large package of tax revisions Wednesday allowing for a record 9.3 trillion yen in tax cuts for fiscal 1999.
JAPAN
Dec 16, 1998

Government wary of sales tax welfare role

The government Tax Commission, in a set of recommendations to the prime minister finalized Wednesday, called for cautious discussions about limiting the use of consumption tax revenues for welfare purposes.
JAPAN
Dec 15, 1998

NCB Mortgage applies for bankruptcy

NCB Mortgage Co., an affiliate of the nationalized Nippon Credit Bank, applied to the Tokyo District Court for voluntary bankruptcy on Tuesday, company officials said.
JAPAN
Dec 11, 1998

U.S. lagging on defense deliveries: audit board

The United States failed to deliver 46.1 billion yen worth of defense equipment to Japan as of the end of fiscal 1997, despite Japan's advance payment, a Board of Audit report showed Friday.
JAPAN
Dec 10, 1998

Iwanami films files for protection

Iwanami Productions Inc., a major documentary film producer, on Thursday sought court protection from creditors under the bankruptcy law.
JAPAN
Dec 9, 1998

Kinki Nippon to sell HQ for retiree pay

Kinki Nippon Tourist Co. will sell its headquarters to Kinki Nippon Railway Co. later this month to raise retirement funds for personnel retiring early under its streamlining efforts, officials announced Wednesday.
JAPAN
Dec 7, 1998

Nissan, Hitachi to jointly research advanced auto technologies

To survive costly high-tech global competition in the auto industry, Nissan Motor Co. and Hitachi Ltd. announced Monday they are studying an alliance to jointly develop next-generation electronic technologies for automobiles.
JAPAN
Dec 7, 1998

Hiroshima mayor's refusal to run laid to economic woes

HIROSHIMA -- The announcement by Hiroshima Mayor Takashi Hiraoka that he will not seek a third term has thrown next year's election into uncertainty.
JAPAN
Dec 2, 1998

Recovery set for autumn, says Economic Strategy Council

Japan's economy seems to have hit bottom and the government's economic stimulus measures will start to be effective by next fall, the chairman of Prime Minister Keizo Obuchi's economic advisory panel said Wednesday.
JAPAN
Nov 24, 1998

15 major banks to seek funds

Of the nation's 18 major banks, 15 will apply for public funds injections within the fiscal year under the provisions of the new bank recapitalization law, the banks announced Tuesday with their midterm earnings results.
JAPAN
Nov 23, 1998

Frozen pizza entrepreneur opens doors for female execs

22nd in a series of occasional articles about venture businesses
JAPAN
Nov 20, 1998

Mitsui O.S.K., Navix Line announce maritime megamerger

Mitsui O.S.K. Lines Ltd. and Navix Line, Ltd., the country's second- and fourth-largest maritime transport companies, will merge as of April 1, becoming one of the biggest maritime carriers in the world, top executives of the two companies announced on Friday.
JAPAN
Nov 19, 1998

NEC to calculate refund owed to Defense Agency, NASDA

NEC Corp. announced Thursday that it will give back the money it overcharged the Defense Agency and the National Space Development Agency of Japan for defense and space-related equipment over several years.
JAPAN
Nov 12, 1998

Mazda's cost-cutting pays off

While many automakers struggle with shrinking profits amid the serious economic slump, Mazda Motor Corp. is reaping the fruits of desperate cost-cutting efforts. On Thursday it reported consolidated midterm net profits for the first time since fiscal 1991.
JAPAN
Nov 5, 1998

Sapporo joins Taiwanese group for restaurant venture

Sapporo Breweries Ltd., a major beer brewer, said on Thursday it has set up a joint venture in Taiwan with a local business group to run a beer restaurant chain featuring the company's draft beer products and non-Chinese dishes.
JAPAN
Oct 30, 1998

Toyota unveils Altezza sedan

Toyota Motor Corp. unveiled its new 2-liter Altezza sports sedan Friday, the first car solely developed for Netz Toyota, the company's new dealership network launched in August, company officials said.In August, Toyota renamed Auto, one of its five major dealership networks, to Netz Toyota, aiming to...
JAPAN
Oct 30, 1998

JAL first-half profits down 9.1%

Japan Airlines Co. reported 27.8 billion yen in operating profits on an unconsolidated basis for the first half of fiscal 1998, down 24.4 percent from the same period of the previous year, due to the downward trend of air fares, the officials announced on Friday.For the April-September period JAL posted...

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