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COMMENTARY
May 31, 2003

No place for N. Korea in postwar order?

MANILA -- Peaceful conflict resolution has ceased to be a dominant paradigm of international relations. On the contrary, with the sole remaining superpower declaring preemptive strikes to be a strategic prerogative, and Washington's military supremacy virtually unopposed, political modesty has disappeared...
BUSINESS
May 31, 2003

Core Tokyo consumer prices for May sank 0.4% on year

The key gauge of consumer prices in Tokyo fell 0.4 percent in May from a year earlier, a record 44th consecutive month of decrease, the government said in a preliminary report Friday.
BUSINESS
May 31, 2003

Fujitsu sells part of stake in Fanuc

Fujitsu Ltd. said Friday it has sold part of its shareholdings in industrial robot manufacturer Fanuc Ltd. to raise funds to repay interest-bearing debts, although it still the biggest shareholder.
Japan Times
BUSINESS
May 31, 2003

Resona applies for 1.96 trillion yen

Resona Holdings Inc. formally applied Friday for an injection of 1.96 trillion yen in public funds and presented a restructuring program to the government that featured cuts in personnel and expenses as a condition for the bailout.
BUSINESS
May 31, 2003

Government sees 'freeters' as early warning sign

The government said Friday that the swelling ranks of young people forced into part-time work could dent Japan's economic competitiveness as these workers have less opportunity to hone a particular skill.
BUSINESS
May 31, 2003

Wage-earners' spending down 1%

Spending by Japan's wage-earning households dropped a real 1 percent in April from a year earlier, the seventh straight monthly decline, the government said Friday.
BUSINESS
May 31, 2003

Jobless rate stuck at 5.4% in April

The nation's jobless rate stood at a near-record 5.4 percent in April, unchanged from March, reflecting continued bleak employment conditions, the government said Friday.
BUSINESS
May 31, 2003

Rokkasho blunder leads to failures

Oye Kogyo Co., a manufacturer of nuclear power equipment, and its subsidiary Oye Engineering Co. have filed for protection from creditors under the corporate rehabilitation law.
BUSINESS
May 31, 2003

April housing starts increased 1.4%

Housing starts totaled 100,276 units across the country in April, up 1.4 percent from a year earlier for the first year-on-year rise in six months, the government said Friday.
BUSINESS
May 31, 2003

Matsushita to restart SARS-hit China plants

Matsushita Electric Industrial Co. was to resume operations Saturday at two factories in China shut down after five workers were diagnosed with SARS.
Japan Times
COMMUNITY / Our Lives / PERSONALITY PROFILE
May 31, 2003

Masaomi Kondo

Professor of economics at Daito Bunka University, Masaomi Kondo is also president of the Japan Association for Interpretation Studies, and senior member of the International Association of Conference Interpreters in Geneva. The scope of his interests and qualifications go way beyond economics and high-level...
BUSINESS
May 31, 2003

Life insurers' revenues, assets still spiraling down

Falling stock prices and sluggish demand left all the nation's major life insurance companies with reduced revenues and net assets in the year that ended on March 31, according to earnings reports released Friday.
COMMUNITY / Our Lives / WHEN EAST MARRIES WEST
May 31, 2003

Longtime expatriates all play 'Survivor'

It's not reality TV. It's reality.
COMMUNITY / Our Lives / JAPAN LITE
May 31, 2003

Flower power and the heathen gardener

It's time to water your garden. What garden? You mean you haven't planted your garden yet? Oh, you're too busy? Don't have enough space? No more excuses. I'll tell you how you can make a Japanese-style flower garden in just 30 seconds a day. Heck, you learned Japanese in 10 minutes a day, right?
Japan Times
COMMUNITY
May 31, 2003

Improve your English via e-mail correspondence

Studying French from age 11, it was exciting when my school in England teamed up with another in France for correspondence exchange. Francoise and I wrote to one another for five years before fading from one another's lives. But I have never forgotten her, or her impact on my life: opening up the world...
MORE SPORTS
May 30, 2003

Kawaguchi absent from Japan squad

Masafumi Kawaguchi one of the nation's top football players, was missing when the American Football Association of Japan announced the 45-man national squad for the second World Cup of American football on Thursday at a Tokyo hotel.
BASEBALL / MLB
May 30, 2003

Irabu goes distance as Tigers edge BayStars

Hideki Irabu went the distance Thursday as the Central League-leading Hanshin Tigers edged the Yokohama BayStars 2-1 at Koshien Stadium.
EDITORIALS
May 30, 2003

Self-help is the best help for banks

The latest earnings reports from Japan's top banks confirm what everyone already knows: They are still heavily burdened with bad loans that won't be paid back. In the financial year that ended March 31, the seven largest lenders chalked up a combined deficit of 4.6 trillion yen, in large part because...
BUSINESS
May 30, 2003

Domestic industrial output declined by 1.2% in April

Domestic industrial production fell a seasonally adjusted 1.2 percent in April from the previous month for the first drop in two months, the Ministry of Economy, Trade and Industry said Thursday.
BUSINESS
May 30, 2003

Public money spent for failed banks tops 10 trillion yen over last four years

The period from fiscal 1998 through fiscal 2002 saw 10.433 trillion yen in taxpayer funds spent on failed financial institutions, government sources said Thursday.
BUSINESS
May 30, 2003

Hino, Penske form capital alliance

Truck maker Hino Motors Ltd. said Thursday it has formed a capital alliance with U.S.-based major leasing firm Penske Corp. to start full-fledged operations in North America.
BUSINESS
May 30, 2003

Koizumi to push FTA with Seoul

Prime Minister Junichiro Koizumi will push for a free-trade pact with South Korea when he meets President Roh Moo-hyun next week, an official said Thursday.
COMMENTARY / World
May 30, 2003

Hollingworth affair can frazzle Australia's royal links

SYDNEY -- Sex, religion, politics -- what an explosive combination to hit Australia! And just as everyone is welcoming home troops from the Iraq war and the economy is looking good.
BUSINESS
May 30, 2003

Nonlife insurers boost Millea group profits

Millea Holdings Inc., which controls nonlife insurers Tokio Marine & Fire Insurance Co. and Nichido Fire & Marine Insurance Co., on Thursday reported a group net profit of 56.62 billion yen for the year through March 31.
Japan Times
BUSINESS
May 30, 2003

Is Resona the tip of the iceberg?

The whistle-blowing erupted a few days before May 17, the day Resona, the nation's fifth-largest banking group, announced its capital had tumbled below regulation levels.
BUSINESS
May 30, 2003

Nippon Keidanren urges gradually raising sales tax to 18%

The Japan Business Federation (Nippon Keidanren) proposed Thursday that the consumption tax be raised gradually from the current 5 percent to an upper limit of 18 percent by 2025.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’