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April 05, 2025
 

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JAPAN
Sep 26, 2003

Daiei's Fukuoka units to go to Colony Capital

Struggling retailer Daiei Inc. has decided to sell its Fukuoka businesses to U.S. investment firm Colony Capital LLC, sources said Thursday.
BUSINESS
Aug 16, 2002

Shinsei, Mellon to launch asset management venture

Shinsei Bank and Mellon Financial Corp. of the United States said Thursday they will launch a 50-50 asset management joint venture in Tokyo later this year.
BUSINESS
Jun 13, 2001

Royal Dutch/Shell to join Iran deal

The Royal Dutch/Shell group plans to join a Japanese public-private consortium in an oil development project in Iran's biggest oil field, industry sources have revealed.
BUSINESS
Sep 27, 2000

Sakura group granted approval to set up Internet bank

The Financial Reconstruction Commission said Tuesday it has formally approved a plan by a consortium led by Sakura Bank to form an Internet bank -- the first to be licensed for Web-based banking services.
BUSINESS
Sep 7, 2000

FRC to approve first Internet bank

The government's Financial Reconstruction Commission will provisionally approve today a plan by a consortium led by Sakura Bank to form an Internet bank, making it the first to be granted a license to offer Web-based banking services, FRC officials said Wednesday.
BUSINESS
Sep 2, 2000

State finalizes sale of NCB to Softbank

The government said Friday it completed the sale of the nationalized Nippon Credit Bank to a consortium led by Internet investor Softbank Corp., ending 21 months of state control of the bank.
BUSINESS
Sep 1, 2000

Reborn NCB to reach for the skies as Aozora Bank

The new buyers of Nippon Credit Bank plan to rename the lender Aozora Bank, sources close to the consortium said Thursday.
JAPAN
Aug 3, 2000

Shinsei Bank yields in row over 2 billion yen advisory fees

In response to public criticism and pressure from the Japanese government, Shinsei Bank, formerly the nationalized Long-Term Credit Bank of Japan, announced Wednesday that two U.S. consulting firms with links to members of its board will return 2.1 billion yen the bank had paid them as advisory fees....
BUSINESS
Aug 3, 2000

Mori backs NCB sales contract

Prime Minister Yoshiro Mori told the Diet on Wednesday that the government's decision not to renegotiate the contract for selling Nippon Credit Bank to a consortium led by Softbank Corp. "is the position of the government."
BUSINESS
Aug 2, 2000

Financial law to stay despite sale of NCB, Aizawa says

The government will not meddle with the financial system revival law for the sake of renegotiating the sale of Nippon Credit Bank to a consortium led by Softbank Corp., Hideyuki Aizawa, newly appointed chief of the Financial Reconstruction Commission, said Tuesday.
JAPAN
Jul 28, 2000

MITI to establish center for gene studies

The Ministry of International Trade and Industry has launched a consortium to study the application of the decoded genetic makeup of humans to medical treatment.
BUSINESS
Jun 22, 2000

Shinsei to ask DIC to buy Sogo loans

Shinsei Bank, formerly the Long-Term Credit Bank of Japan, has unofficially asked the state-run Deposit Insurance Corp. to buy 200 billion yen in outstanding loans made to major department store operator Sogo Co., bank sources said Wednesday.
JAPAN
Nov 16, 1999

Fourth party makes bid for NCB

A fourth candidate has officially submitted a bid to buy the failed Nippon Credit Bank, the chairman of the Financial Reconstruction Commission said Tuesday.
JAPAN
Sep 29, 1999

Miyazawa defends use of public funds in LTCB sale

Finance Minister Kiichi Miyazawa on Wednesday defended the planned use of additional public funds to sell Long-Term Credit Bank of Japan to a consortium led by Ripplewood Holdings L.L.C. of the United States, calling the burden nothing new.
JAPAN
Jan 13, 1999

Universal theme park faces developer pullout

With the recent pullout of a group of investors from plans to develop the area around Universal Studios Japan, there are growing concerns among potential investors that Osaka's hopes for a USJ-led economic revival face a serious setback.
JAPAN
Jun 24, 1998

Tokyo Bay waterfront resumes development

For the first time in more than seven years, major businesses will conclude long-term land leases to construct new buildings in the controversial Tokyo Bay waterfront development area, the Tokyo Metropolitan Government said Wednesday.
Japan Times
BUSINESS / Companies
Feb 28, 2023

Toshiba buyout proposal faces increasing uncertainty

It is unclear whether activist shareholders, including foreign investment funds, will agree to a ¥2 trillion buyout proposed by a consortium led by investment fund Japan Industrial Partners.
JAPAN
Dec 22, 2022

A controversy forces Tokyo to define 'public park'

A plan to redevelop the capital's Meiji Jingu Gaien park and its sporting venues has drawn ire from people who want the area's trees to be spared.
Japan Times
BUSINESS / Companies
Dec 16, 2022

Japanese banks agree to back Toshiba’s preferred bidder, sources say

The four major banks are finalizing the details and could issue commitment letters as soon as the end of this month, the sources said.
Japan Times
BUSINESS
Dec 10, 2022

Toshiba's preferred bidder moving closer to securing financing for buyout

Concrete restructuring steps proposed by Japan Industrial Partners have made a group of lenders more confident in JIP's post-acquisition plans.
JAPAN / Crime & Legal / EXPLAINER
Dec 2, 2022

The Tokyo Games bribery and bid-rigging scandals: What you need to know

Allegations of bid-rigging by leading advertising firms for Games test events have recently surfaced, adding to a scandal over suspected bribes paid for sponsorship contracts.
Japan Times
BUSINESS / Companies
Nov 26, 2022

JIP to launch Toshiba tender offer by end of March

JIP, which holds preferential negotiating rights for the firm, plans to procure more than u00a52.2 trillion by securing investments from over 10 companies and bank loans.
Japan Times
BUSINESS
Nov 16, 2022

Japan to resume offshore wind auctions in December with revised rules

An auction in northern Japan was abruptly suspended in March after complaints from businesses about the lack of clarity around the bidding process.
Japan Times
BUSINESS / Companies
Nov 11, 2022

Bain goes on Japan buying spree with $40 billion in investments

The U.S. firm is on a buying spree, sealing a multi-billion dollar deal last month to acquire Hitachi's metals unit, while it is involved in a bidding war for Toshiba.
U.S. tourist arrested after bringing a handgun into Japan
Hyogo police believe the handgun a U.S. tourist inadvertently brought into Japan slipped through security procedures at Kansai International Airport in Osaka Prefecture.
3D printer used to construct train station building in Japan
A train station building (front) is assembled from parts printed using 3D printer technology, in Arida, Wakayama Prefecture, on Wednesday.
Japan’s leader didn’t read the job description
Prime Minister and ruling Liberal Democratic Party leader Shigeru Ishiba is facing a political funding scandal that has damaged his reputation and sparked speculation that internal efforts to remove him are underway.
Japan promises 'bold and speedy' response to Trump’s surprise 24% tariffs
U.S. President Donald Trump unveils new U.S. tariffs at the White House in Washington on Wednesday.
Tokyo’s KK Line to close for decadelong overhaul as public greenway
People enjoy running and yoga on Tokyo Expressway’s KK Line, a 2-kilometer elevated expressway cutting through the capital’s commercial Ginza district, when it was opened as a pedestrian space in May last year.
Haruki Murakami TV adaptation revisits 30 years of watershed moments
Though Haruki Murakami's trademark whiff of offbeat existentialism is threaded throughout NHK's "After the Quake," the final episode — conceived as a sequel to the story "Super-Frog Saves Tokyo" — is the most stylized, featuring an anthropomorphic talking frog (voiced by Non) and his erstwhile associate Katagiri (Koichi Sato).
Nintendo to launch the Switch 2 on June 5
The controllers for the Switch 2 will attach to the console magnetically rather than sliding on rails as with the original device.
A new human trafficking trend emerges from Myanmar scam centers
Victims of scam centers who were tricked or trafficked into working in Myanmar gather at a compound inside KK Park, a fraud center on the country's border with Thailand, after a multinational crackdown in February.
Meiji says sayonara to bottled milk, a staple of Japan's bathhouses
Meiji bottled milk lined up in a fridge at Kosugiyu, a bathhouse in Tokyo. The sticker urges patrons to enjoy the milk one last time before it’s gone.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.

Podcast

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

Longform

Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone.
The last cleanup: Life and death in a lonely Japan
By Johan Brooks

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