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BUSINESS
Jan 26, 2001

NTT to test broadband in Shibuya

NTT East Corp. will begin in March a six-month experiment using wireless broadband services, which operate at a speed of up to 36 megabytes per second, in and around Tokyo's Shibuya Ward, the company announced Thursday.
BUSINESS
Jan 26, 2001

Yen fall now starting to raise eyebrows

The forthcoming regular meeting of the Federal Open Market Committee, the policy-setting arm of the U.S. Federal Reserve, will again be the focus of close attention.
BUSINESS
Jan 26, 2001

Third-quarter profits at Sony tumble 19.6%

Sony Corp. recorded consolidated pretax profits of 133.42 billion yen for the third quarter of fiscal 2000, down 19.6 percent from the corresponding period the previous year, company officials said Thursday.
COMMENTARY
Jan 26, 2001

Plagued by scandal yet again

Fukushiro Nukaga was forced to resign Tuesday as minister for economic and fiscal policy over allegations that he received 15 million yen from the mutual-aid organization KSD in return for favors. Nukaga denied accepting the money himself but admitted that one of his secretaries had received it. He said...
COMMENTARY / World
Jan 26, 2001

Major trends start at microeconomic level

2000 should be remembered as the first year in which it was statistically confirmed that microeconomic activities can significantly affect macroeconomic performance, according to Naoki Tanaka, president of the 21st Century Public Policy Initiative.
COMMENTARY / World
Jan 26, 2001

Macroeconomic pacing urged

Both Japan and the United States are vulnerable to the same macroeconomic policy mistakes -- overreacting to short-term bad news and making wrong policy decisions, a renowned American economist warned during a recent symposium held in Tokyo.
BUSINESS
Jan 26, 2001

Fast Retailing takes top income

Fast Retailing Co., operator of the rapidly growing Uniqlo chain of clothing stores, recorded the largest declared income among companies closing their books in August 2000, replacing Hikari Tsushin Inc., which slipped to second, Teikoku Databank said Thursday.
BUSINESS
Jan 26, 2001

Cisco to buy 1.65% of Softbank

Softbank Corp. said Thursday that it and Cisco Systems Inc. of the United States have agreed to strengthen their partnership through capital cooperation and launch an investment fund for Internet infrastructure in the Asia-Pacific region.
JAPAN
Jan 26, 2001

Aum's Joyu moves to Setagaya

Fumihiro Joyu, a leading member of the Aum Shinrikyo cult, said Thursday he has moved to an apartment in Minami-Karasuyama in Tokyo's Setagaya Ward from another facility in Ota Ward.
CULTURE / Film
Jan 26, 2001

From any angle, you've seen it before

They've got self-help books for just about every disorder you can think of out there, but I can think of one more niche that needs filling, namely, "Why Good Directors Make Bad Films." Chapter One: The Angle.
BUSINESS
Jan 26, 2001

Marubeni-Daiei deal nearly sealed

The ailing supermarket chain Daiei Inc. is in the final stage of talks with Marubeni Corp. over the latter's purchase of a 5 percent stake in Daiei and an additional 10 percent stake in its affiliate supermarket chain Maruetsu Inc., a Daiei official said Thursday.
COMMENTARY / World
Jan 26, 2001

Japan's banking system still shaky despite 'reforms'

Japan's banking system can still be described as "fragile" or even "precarious" despite nearly a decade of supposed reforms and a wave of industry realignment, according to Benn Steil, New York-based senior fellow of the Council on Foreign Relations.
JAPAN
Jan 26, 2001

Three groups dominate underworld

About 68 percent of some 83,600 known gangsters in Japan were affiliated with three large "boryokudan" underworld syndicates as of the end of last year, reflecting the growing oligopolization of the mob, a National Police Agency report said Thursday.
BUSINESS
Jan 26, 2001

NKK discussing ties with Thyssen Krupp

NKK Corp., Japan's second-largest steelmaker, said Thursday it is holding talks with a steel unit of major German industrial group Thyssen Krupp AG to strengthen technological cooperation.
SOCCER / World cup
Jan 26, 2001

National soccer team chooses 45 members

Midfielder Koji Kumagai and forward Takayuki Suzuki of the J. League champion Kashima Antlers have been called up for the first time to Japan's national team training camp next month, the Japan Football Association announced Thursday.
CULTURE / Film
Jan 26, 2001

Many rivers to cross in Les Rivieres Pourpres

On what attracted him to the project -- Matthieu Kassovitz: "The book was a best seller in France, and the producer came to me with the project. Jean was already interested in playing the lead, and I also thought it was a good chance to work with Vincent again. So getting this script was like a big present...
MORE SPORTS
Jan 26, 2001

Giants hope backs can provide spark against Ravens

TAMPA, Fla. -- The weather report says it'll be fine with partly cloudy skies on Sunday, but the New York Giants will be looking for "Thunder and Lightning" at Raymond James Stadium when the NFC champions square off against the Baltimore Ravens in Super Bowl XXXV.
JAPAN
Jan 26, 2001

Preventing child abuse main priority: ministry

The Health, Labor and Welfare Ministry has ordered prefectural governments to make sure their child welfare agencies are complying with a newly enacted law against child abuse.
CULTURE / Music
Jan 26, 2001

ATDI: scary monsters and super afros

If there's any doubt as to how beholden Rolling Stone magazine is to the record industry (or, for that matter, Hollywood), all one has to do is take a look at their Best Album list for 2000 and note that there isn't an indie release in the whole batch. What's more, the best new band is At the Drive-In,...
JAPAN
Jan 26, 2001

Ministry plans e-voting legislation

The Ministry of Public Management, Home Affairs, Posts and Telecommunications has started working toward the introduction of electronic voting in local elections and may submit related bills to the Diet session slated to start later this month, government officials said Wednesday.
BUSINESS
Jan 26, 2001

LDP panel to push buyback review

A ruling party panel examining measures to bolster the sagging stock market plans to seek a legal amendment that would allow companies to buy back shares up to an amount equivalent to their earned surplus, a senior official of the panel said Thursday.
COMMENTARY / World
Jan 26, 2001

It's up to Japan to act on trade ties

The new administration of George W. Bush has placed low priority on trade policy toward Japan, making it crucial that Tokyo take the initiative in developing closer trans-Pacific economic ties rather than waiting for overtures from Washington, a U.S. think tank member told a symposium held just before...
JAPAN
Jan 26, 2001

Fired Foreign Ministry official facing embezzlement charges

A senior Foreign Ministry official was fired Thursday for allegedly embezzling state funds and a criminal complaint was filed against him with the Metropolitan Police Department, Foreign Minister Yohei Kono said.
BUSINESS
Jan 26, 2001

Tokyo Sowa buyer to restore bank's niche role

Officials of Tokyo Sowa Bank's new owner-to-be said Thursday they intend to rebuild the failed regional bank's "niche retail" functions by targeting small firms and individuals left behind in the era of megabank mergers.
EDITORIALS
Jan 25, 2001

Scandal threatens the Mori Cabinet

An unfolding bribery scandal surrounding an insurance group for small business led to the resignation of Mr. Fukushiro Nukaga, state minister for economic and fiscal policy, on Tuesday. Just a week earlier, Mr. Takao Koyama, a Liberal Democratic member of the Upper House, was arrested on charges of receiving...

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