search

 
 
COMMENTARY
Feb 16, 2002

Enron's pain will lead to future gain

WASHINGTON -- With the rubble still smoldering from Enron's bankruptcy, the U.S. Congress is attempting to score points by interrogating the international energy company's managers. Former CEO Jeffrey Skilling faced rough going before a congressional hearing; only by invoking the Fifth Amendment did...
BUSINESS
Feb 16, 2002

McDonald's logs '01 sales decline on mad cow scare

Ltd. said Friday it suffered a sharp decline in unconsolidated profits in 2001 due to falling hamburger sales after the mad cow disease outbreak in September. The fast food operator also announced that as part of a drive to reverse this trend it has agreed with Pret A Manger, a London-based sandwich...
BUSINESS
Feb 16, 2002

Fujita seeks integration with Mitsui-Sumitomo

As banks and the government desperately work to solve the issue of mounting problem loans, many of which were extended to the construction industry, financially troubled contractor Fujita Corp. said Friday that it plans to merge its key construction division with Mitsui Construction Co. and Sumitomo...
BUSINESS
Feb 16, 2002

Asahi Mutual to cut stock losses

Asahi Mutual Life Insurance Co. said Friday it will raise 150 billion yen and cut its shareholding losses by 400 billion yen by March 31 in a bid to regain customer trust and stop policy cancellations.
BUSINESS
Feb 16, 2002

Shiokawa has high hopes for impact from tax reform

Finance Minister Masajuro Shiokawa said Friday he hopes tax reform now being considered for implementation in fiscal 2003 will reinvigorate the economy.
JAPAN
Feb 16, 2002

Antiwar campaigners to donate documents to Vietnamese museum

Members of a Japanese group that campaigned against the Vietnam War will visit Ho Chi Minh City later this month to donate materials and documents detailing their activities in the 1960s and 1970s to the state-run War Remnants Museum.
EDITORIALS
Feb 15, 2002

Health-care reform before higher costs

Acting under the initiative of Prime Minister Junichiro Koizumi, the government and the ruling parties have agreed that salaried workers should pay 30 percent of their medical expenses, or 10 percent more than they do now, beginning in April 2003. But the agreement came at a heavy price: a bruising political...
JAPAN
Feb 15, 2002

Arrests of rightists increase by 25%

Police arrested or punished 1,982 members of rightist groups nationwide last year, an increase of 398, or 25 percent, from the year before, the National Police Agency said Thursday.
JAPAN
Feb 15, 2002

Chongryun figure pleads not guilty to embezzlement

A former senior official of the pro-Pyongyang General Association of Korean Residents in Japan (Chongryun) pleaded not guilty in his first court appearance Thursday to charges of embezzling more than 800 million yen.
BUSINESS
Feb 15, 2002

Small companies set for loan repayment boost

The Ministry of Economy, Trade and Industry is planning to relax loan repayment terms for small and midsize companies that took advantage of an expired government guarantee and are now having difficulty paying back the funds, ministry officials said Thursday.
BUSINESS
Feb 15, 2002

Capacity utilization ratio hit record low in 2001

Japan's capacity utilization ratio fell 6.9 percent in 2001 to hit a record-low 92.4, the Ministry of Economy, Trade and Industry said Thursday.
SOCCER / World cup
Feb 15, 2002

Injuries hamper Japan

Hampered by injuries, Japan coach Philippe Troussier will call up an additional four to five players for his team's next training camp late this month, the Japan Football Association said Wednesday in Tokyo.
JAPAN
Feb 15, 2002

Militant gets 12 years for '70 hijacking

A former Red Army Faction fugitive was sentenced Thursday to 12 years in prison for his role in the 1970 hijacking of a Japan Airlines jet to Pyongyang.
JAPAN
Feb 15, 2002

Education officials inspect scandal-hit junior college

Officials with the education ministry, including Hiroshi Tsuboi, head of the division on foreign students, conducted inspections Thursday at a scandal-tainted junior college in Sakata, Yamagata Prefecture, ministry officials said.
BUSINESS
Feb 15, 2002

Margin buying still on rise

The balance of shares bought on credit rose for the fifth consecutive week last week as investors continued hunting for bargains.
JAPAN
Feb 15, 2002

Worker spies on NASDA secrets

An employee of a satellite maker illegally accessed a National Space Development Agency computer system and spied on classified data about a rival firm's technology, NASDA officials said Thursday.
JAPAN
Feb 15, 2002

Secret ASDF documents missing; carelessness suspected over foul play

Secret documents on the Air Self-Defense Force's aircraft control and warning radar system have recently disappeared at the Misawa ASDF base in Aomori Prefecture, Defense Agency officials said Thursday.
JAPAN
Feb 15, 2002

Surplus saw first fall in two years in 2001

Japan's current account surplus fell in 2001 for the first time in two years, dropping 12 percent from a year earlier to 11.06 trillion yen, according to preliminary figures released Thursday by the Finance Ministry.
LIFE / Lifestyle / JET STREAM
Feb 15, 2002

Lifting weights and building character

When Feng Ming received the official letter inviting him to come to Japan, he was prepared to say no. It was 1999 and China, the undisputed powerhouse in the weightlifting world, was preparing for the 2000 Sydney Olympics. As a coach at Nanking Athletic University, Ming was training some of the country's...
LIFE / Language / BILINGUAL
Feb 15, 2002

Pilgrims taking the long and winding road to ramen heaven

One mind-boggling feature of Japan's media is its sheer, singleminded dedication to and passionate obsession with food. This especially applies to the genre known as menrui (noodles). From somen and soba to Vietnamese pho and supa (spaghetti), the Japanese have always had an inordinate love for nagai...
ENVIRONMENT / ANIMAL TRACKER
Feb 15, 2002

Greater horseshoe bat

* Japanese name: Kikugashira-koumori * Scientific name: Rhinolophus ferrumequinum * Description: Quite a large bat, the greater horseshoe bat is a buff-brown color, body length 60-80 cm, wing length 60-65 cm. Its distinguishing feature, however, is the complex and grotesque horseshoe-shaped nose that...
BUSINESS
Feb 15, 2002

Investors swap stocks, MMFs for gold

Japanese individual investors are increasingly shying away from financial products with potential risk, especially after the sudden collapse of U.S. energy giant Enron Corp. dealt a severe blow to popular money management funds.
LIFE / Lifestyle / LEARNING BY HEART
Feb 15, 2002

Shitamachi schoolmates still together at 70

What is the secret of lifelong friendships that form in elementary school? I would never have thought to ask myself that question until my father-in-law announced he wouldn't be home for Sunday's family dinner because he was attending a party. Though he put it quite casually, the amazing thing to me...
BUSINESS
Feb 15, 2002

Asahi Mutual Life to deepen cuts

Asahi Mutual Life Insurance Co. will deepen planned pay and staff cuts because a business integration scheme with Tokio Marine & Fire Insurance Co. had to be scrapped in January, company sources said.
BUSINESS
Feb 15, 2002

G7 view of reform plans turns skeptical

Although the weakened yen did not come up for discussion at the latest meeting of finance leaders from the Group of Seven nations, Japan's planned economic measures met with skepticism.
EDITORIALS
Feb 14, 2002

Too clever by half?

The limits of Israeli Prime Minister Ariel Sharon's strategy to isolate, undermine and eliminate Palestinian Authority President Yasser Arafat were plainly evident last week. Although recent events have given Israel the upper hand in the struggle against Palestinians and Islamic extremists -- the two...

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