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November 22, 2024
 

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BANKRUPTCY

China Evergrande has sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies undergoing restructurings from creditors that hope to sue them or tie up assets in the United States.
BUSINESS / Companies
Aug 18, 2023
China Evergrande files for protection in U.S. bankruptcy court
The company sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies that are undergoing restructuring.
Japan Times
JAPAN / Politics
Jun 6, 2023
Japan OKs bills to digitalize divorce and bankruptcy procedures
The legislation will allow people to submit necessary applications online, instead of the current system of such documents being brought or mailed to courts.
Japan Times
BUSINESS
May 3, 2023
Japan sees 'zombie' firms rise 30% after zero-interest pandemic loan program
The number of corporate failures in fiscal 2020 dropped by nearly 20% from the previous year, and the number in fiscal 2021 hit the lowest level in 57 years, according to a research agency.
Japan Times
BUSINESS / Markets
Dec 1, 2022
FTX’s Japan unit drafts plan to return client funds
The proposal, which has yet to be finalized, centers on using a platform called Liquid to facilitate the return of assets starting in January.
Japan Times
EDITORIALS
Nov 25, 2022
FTX collapse is a reminder of the simple reality of cryptocurrencies
One veteran of bankruptcies called the FTX collapse the worst he had ever seen — which included the $74 billion loss that followed the Enron debacle.
Japan Times
BUSINESS / Tech
Nov 21, 2022
What is next for the FTX fallout?
The dramatic collapse of the crypto exchange continues to reverberate throughout the industry.
Japan Times
BUSINESS / Tech
Nov 11, 2022
Elon Musk warns Twitter bankruptcy possible if cash burn lingers
The warning came amid a tumultuous start to Musk's reign at the social media company — a two-week period in which he has fired half of Twitter's staff.
Japan Times
BUSINESS / Companies
Nov 9, 2022
‘Grave of the Fireflies’ candy-maker goes bust as costs soar
The Tokyo-based company will end operations on Jan. 20, attributing the closure to rising raw material and energy prices as well as staff-hiring challenges.
Japan Times
BUSINESS
Oct 5, 2022
Ruling LDP looks to continue aid to struggling Japan firms as pandemic loans end
The party will draw up new support proposals for firms at risk of default, aiming to reflect them in the government's economic package that will be put together by the end of the month.
Japan Times
BUSINESS / Companies
Jun 26, 2022
Japanese auto supplier Marelli files for court-led rehabilitation
Marelli had tried to turn itself around under an out-of-court settlement procedure called alternative dispute resolution, but the attempt ended in failure.
Japan Times
ASIA PACIFIC
Apr 28, 2022
A powerful dynasty bankrupted Sri Lanka in just 30 months
In recent weeks Sri Lanka has run out of cash to pay for essential goods like food and fuel, leading to long petrol lines and daily 13-hour power cuts.
Japan Times
BUSINESS
Jan 28, 2022
Fewest bankruptcies since 1966 raise fears of Japan 'zombie' firms
Japan has a long history of easy credit that's been blamed for keeping 'zombie” firms alive, which 'bring down the potential growth rate and can even sap the impact of monetary easing.”
Japan Times
BUSINESS / Longform
Sep 20, 2021
Kyoto is facing bankruptcy. What happens now?
Massive budget cuts have been proposed to stem the losses now that international tourism to the city has all but dried up.
Japan Times
BUSINESS
Aug 11, 2021
Kyoto's reconstruction plan calls for big spending cuts
Kyoto faces a financial shortfall of nearly u00a5280 billion over the next five years, and now day care centers, transport subsidies and the bureaucracy are on the chopping block.
Japan Times
BUSINESS / View from Osaka
Jul 2, 2021
Amid overspending, Kyoto stares down threat of bankruptcy
Some might attribute the city's financial woes to COVID-19's impact on tourism, but the mayor puts the lion's share of the blame elsewhere.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

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

Longform

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

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mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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