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BUSINESS
Feb 26, 2002

Daiei may slash capital by 99%

Debt-saddled retailer Daiei Inc. said Monday it may slash its capital by more than 99 percent under a three-year restructuring plan scheduled to be unveiled Wednesday.
BUSINESS
Feb 26, 2002

Trade data show first improvement since 2000

Japan posted a customs-cleared trade surplus of 188.1 billion yen in January, turning around from a deficit of 95.7 billion yen a year earlier, the Finance Ministry said in a preliminary report released Monday.
Japan Times
JAPAN
Feb 26, 2002

Supermarket has no beef about providing information

Retailer Aeon Co. has installed a computer system at a supermarket in Kanagawa Prefecture that tells consumers about the beef it sells, including data on mad cow disease tests, the company said.
BUSINESS / ON MANAGEMENT
Feb 26, 2002

Avoiding strikeouts when you decide who to promote

When it comes to success rate, business shares at least one thing with baseball -- you tend to strike out a lot more than you get on base.
BUSINESS
Feb 26, 2002

Fight against deflation like a many-edged sword

The government plans to formalize a comprehensive policy package Wednesday to combat deflation.
BUSINESS
Feb 26, 2002

Panel proposes BOJ cap ordinary deposit rates

A state panel on Monday urged the Bank of Japan to swiftly impose an upper limit on interest rates for ordinary bank deposits, government officials said.
BUSINESS / TAKING STOCK
Feb 26, 2002

Banks to need public funds

The question now is whether the government should inject public funds into banks anew to stabilize the financial system.
BUSINESS
Feb 26, 2002

Misawa Homes considering 120 billion yen writeoff

Misawa Homes Co. said Monday that it is considering writing off 120 billion yen in latent losses on property-backed loans, property assets and shareholdings in the business year ending March 31.
JAPAN
Feb 26, 2002

World Cup coins go on sale today

Orders for commemorative coins for this year's World Cup soccer finals to be cohosted by Japan and South Korea will be accepted from today to March 11, the Finance Ministry said Monday.
LIFE / Travel
Feb 26, 2002

The other treasures of Angkor

SIEM REAP, Cambodia An enormous complex located on a vast wooded plain, Cambodia's spectacular Angkor was built between the ninth and the 14th centuries by the Khmers as an administrative and religious center. From here, the early Khmer kings ruled over a vast territory that extended from what is now...
JAPAN
Feb 26, 2002

Ozaki allegedly tried to sway Tokushima governor

A former aide to lawmaker Michihiko Kano under arrest for his suspected involvement in a corruption case in Ibaraki Prefecture allegedly offered 10 million yen to a major supporter of Tokushima Gov. Toshio Endo last year, sources close to the case said Monday.
Japan Times
JAPAN
Feb 26, 2002

Sonar echoes may come from sunken 'spy' vessel

A sonar search that began Monday for an unidentified ship that sank in the East China Sea in December after a firefight with Japanese patrol vessels has picked up telltale echoes from the seabed where the vessel is believed to have gone down, Japan Coast Guard officials said.
BUSINESS
Feb 26, 2002

Supermarket, store sales decline

Sales at both supermarkets and department stores dropped in January due to falling prices and weakening demand, industry associations said Monday.
JAPAN
Feb 26, 2002

Bureaucrat frowns on Snow Brand

A top farm ministry bureaucrat expressed displeasure Monday over the revelation that scandal-tainted Snow Brand Milk Products Co. has used expired butter in its dairy products.
BUSINESS
Feb 26, 2002

Honda alone sees rise in domestic sales

Honda Motor Co. chalked up gains in domestic auto sales in January, while the four other top Japanese automakers saw their sales decline, according to data released Monday by the firms.
LIFE / Travel / NATURE TRAVEL
Feb 26, 2002

Beauty in the land of blood and bones

Angola is not a tourist destination for the faint-hearted. In fact, it's probably fair to say that it's not a tourist destination at all. Period.
COMMENTARY
Feb 26, 2002

Bush's policies give allies reason to worry

U.S. President George W. Bush's "axis of evil" statement in his State of the Union message has worried not only the European Union but also America's Asian allies, particularly Japan and South Korea. South Korean President Kim Dae Jung's "sunshine policy" toward North Korea is now in danger of collapsing,...
EDITORIALS
Feb 25, 2002

Reviewing ODA for Central Asia

Central Asia has occupied an important position in Japan's official development assistance for the past several years. In fact, our nation is the largest aid donor to the region. With the situation there changing dramatically in the wake of the antiterror war in Afghanistan, now is an opportune time...
COMMENTARY / World
Feb 25, 2002

Help the huddled masses

To Canberra's continuing irritation, the scandal of the Norwegian freighter Tampa will not go away. It now turns out that the Australian government's election victory last year may have been conceived in deceit and born in sin.
COMMENTARY / THE VIEW FROM NEW YORK
Feb 25, 2002

Memoir sheds light on Chinese atrocity

NEW YORK -- My businessman friend Michio Hamaji, whose avowed mission is to improve international understanding, recently brought me a Japanese book titled "Charz." He told me it's a childhood memoir describing a Chinese atrocity in the late 1940s. If translated into English and published in the United...
JAPAN
Feb 25, 2002

LDP awaits report to rule on Suzuki testimony

The ruling Liberal Democratic Party will decide whether party heavyweight Muneo Suzuki should testify as a sworn witness in the Diet after the Foreign Ministry submits a report on its probe into his suspected involvement in various scandals, LDP Secretary General Taku Yamasaki said Sunday.
COMMENTARY / World
Feb 25, 2002

Rarefied democracy of the Arab world

LONDON -- Bahrain produces little news of interest to the rest of the world, but now something remarkable has happened there. On Feb. 14, Emir Sheik Hamad bin Isa al-Khalifa declared that Bahrain will henceforth be a democracy where he will reign only as a constitutional monarch. If he keeps his promise,...
JAPAN
Feb 25, 2002

British cruise ship calls at Osaka port

OSAKA -- A luxurious British cruise ship on its maiden voyage made a one-day stop at Osaka port on Sunday morning and received an effusive welcome from citizens.
JAPAN
Feb 25, 2002

Media must probe collusion: group

Japanese news media should make greater efforts to shed light on collusive ties between politicians and bureaucrats in the wake of revelations of close relations between lawmaker Muneo Suzuki and the Foreign Ministry, members of an advisory committee to Kyodo News have said.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past