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BUSINESS
May 10, 2003

Nippon Steel posts 51.7 billion yen loss

Nippon Steel Corp.'s group net loss widened to 51.69 billion yen in the 2002 business year, up from 28.40 billion yen the previous year, due to restructuring-related losses and appraisal losses on land and stockholdings.
COMMUNITY / Our Lives / JAPAN LITE
May 10, 2003

Japan's most honorable form of death

"Well, you don't have a fever," the doctor told me. Next, he looked down my throat.
Japan Times
COMMUNITY / Our Lives / PERSONALITY PROFILE
May 10, 2003

Matt Lagan

People say that the show must go on. They also say that what may happen behind the scenes only the actors know.
BUSINESS
May 10, 2003

Nippon Life hit for ads that misled

The Fair Trade Commission on Friday directed Nippon Life Insurance Co. to inform policyholders that it may have misled them through its sales practices for cancer insurance policies.
EDITORIALS
May 9, 2003

Disappointments in Damascus

U.S. Secretary of State Colin Powell visited Syria last weekend to demand that the government in Damascus do more to help bring peace to the Middle East. As a key player in the region, Syria's cooperation is essential to any viable peace between Israel and its neighbors. So far, though, Syria has resolutely...
COMMENTARY / World
May 9, 2003

The silent birth of a killer virus

BEIJING -- Is it the "big one" -- the indestructible one? Perhaps not. Either way, China's inability to tell the truth has made it a threat to all of us.
BUSINESS
May 9, 2003

Disney operator's profit up 48.8%

Oriental Land Co., operator of Tokyo Disneyland and Tokyo DisneySea, said Thursday its group net profit for fiscal 2002 rose 48.8 percent to 18.93 billion yen.
COMMENTARY / World
May 9, 2003

Postscript: The man who tore down the cloak of silence

BEIJING -- When SARS broke out in Guangdong Province, the government chose to keep quiet about it. It was a mistake that would not only endanger the world's health and economy, but also undermine the credibility of the Chinese government itself.
BUSINESS
May 9, 2003

JT net profit more than doubles

Japan Tobacco Inc. said Thursday its group net profit for the fiscal year that ended March 31 leaped 104.3 percent from the previous year to 75.3 billion yen due to improved profitability on the back of cost cuts and higher sales of its flagship brands.
Japan Times
BUSINESS
May 9, 2003

Camera-phones help DoCoMo to post solid profit

NTT DoCoMo Inc., the nation's top mobile phone firm, said Thursday it posted a group net profit of 212.49 billion yen for the year through March, thanks to strong growth stimulated by camera-equipped handsets.
BUSINESS
May 9, 2003

Aiful posts 70.9% rise in net profit

Consumer loan company Aiful Corp. said Thursday its group net profit jumped to 59.91 billion yen in fiscal 2002, up 70.9 percent from the previous year as a result of efforts to become a more diversified financial group.
Japan Times
BUSINESS
May 9, 2003

Gaming industry revolution falls through

A potential revolution within the gaming industry fell apart Thursday, with Sega Corp. announcing it has scrapped integration talks with Sammy Corp. and video game maker Namco Ltd. saying it has dropped a merger proposal submitted to Sega.
BUSINESS
May 9, 2003

Mizuho to cut long-term lending rate

Mizuho Corporate Bank said Thursday it will cut its long-term prime lending rate by 0.05 percentage point to a record low 1.35 percent per year.
BUSINESS
May 9, 2003

Toyota Motor logs third straight year of record earnings

Toyota Motor Corp. continued to perform strongly in fiscal 2002, setting new sales and profit highs for the third consecutive year, the nation's leading automaker said Thursday.
BUSINESS
May 9, 2003

Foreign reserves hit new record

Japan's foreign-exchange reserves at the end of April hit a new record high for the fifth straight month, rising by $3.26 billion from a month earlier to $499.44 billion, the Finance Ministry said Thursday.
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.
BUSINESS
May 9, 2003

LDP split over allowing insurers to cut high yields

The Liberal Democratic Party was divided Thursday over a government plan to allow troubled life insurers to cut the high yields guaranteed to policyholders during the asset-inflated bubble economy, party lawmakers said.
Japan Times
BUSINESS
May 9, 2003

Corporate revitalization body rolls up its sleeves

The Industrial Revitalization Corporation of Japan, the government's latest attempt to deal with the nation's bad-loan mess and resuscitate ailing companies, launched full-blown operations Thursday.
Japan Times
LIFE / Food & Drink / TOKYO FOOD FILE
May 9, 2003

Le Jardin: The fine art of museum dining

What could be more cultured and civilized -- indeed more pleasurable -- than to spend the morning strolling around a good museum and then, with legs aching and aesthetic senses saturated, to adjourn from exhibition hall to adjoining restaurant for a leisurely lunch? Especially when the cuisine is sophisticated...
BUSINESS
May 9, 2003

Kokuyo swings back into black

Office supplies maker Kokuyo Co. said Thursday it swung back into the black in fiscal 2002, posting a group net profit of 231 million yen against a loss of 1.42 billion yen the previous year.
EDITORIALS
May 8, 2003

Mr. Blair's vote of confidence

In his first political test after the Iraq war, British Prime Minister Tony Blair has fared well. His Labour Party suffered larger than expected losses in local elections last week, but such votes are usually protests against the party in power. The prime minister benefits from a weak opposition. Mr....
MORE SPORTS
May 8, 2003

NFL plans Tokyo visit

The Super Bowl champion Tampa Bay Buccaneers will take on the New York Jets on Aug. 2 at Tokyo Dome in the NFL Tokyo 2003, the game's organizers announced Wednesday.
BUSINESS
May 8, 2003

Yamaha Motor triples its net profit

Yamaha Motor Co. scored a record group net profit of 25.56 billion yen for the year through March, up roughly threefold from the previous year, the company said Wednesday.
BUSINESS
May 8, 2003

Mitsui, Mitsubishi, Shell ink oil, gas deal

Mitsui & Co., Mitsubishi Corp. and the Royal Dutch/Shell Group of the Netherlands have agreed to invest $10 billion, or about 1.2 trillion yen, over five years in a joint oil and gas development project in Russia, company officials said Wednesday.
BUSINESS
May 8, 2003

Shiseido shoots back to black, record earnings

Shiseido Co. not only returned to profitability for the first time in three years in fiscal 2002 but also logged record earnings thanks to strong overseas sales and cost-cutting efforts, the company said Wednesday.
BUSINESS
May 8, 2003

METI to open 10 youth job centers in '03

The Ministry of Economy, Trade and Industry plans to open 10 youth job-placement centers by the end of the current fiscal year, ministry officials said Wednesday.

Longform

The volunteer lifesavers of Nishihama Surf Lifesaving Club never know what's in store at the start of their day.
It's no simple day at the beach for Japan's volunteer lifesavers