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Japan Times
BUSINESS
Nov 22, 2001

Banker sees smooth euro cash start, no 'black fund'

FRANKFURT -- Japanese investors should have full confidence in the stability and strength of the euro as the currency is launched in its physical form at the start of next year, according to the European central banker coordinating the project.
BUSINESS
Nov 22, 2001

Japan Telecom posts losses

Plagued by declining performance in its fixed-line business, Japan Telecom Co. said Wednesday it suffered net losses of 5.19 billion yen in the first half of fiscal 2001.
JAPAN
Nov 22, 2001

Fitness clubs turning to middle-aged, elderly

Fitness clubs around Japan are embarking on a major campaign to attract middle-aged and elderly members by promoting exchanges and introducing discount rates.
BUSINESS
Nov 22, 2001

Sumitomo Mitsui sees 150 billion yen loss

Sumitomo Mitsui Banking Corp. announced Wednesday a sharp increase in loan-loss charges and large losses in its shareholdings, prompting it to revise its 2001 earnings forecast from a consolidated net profit of 180 billion yen to a 150 billion yen net loss.
BUSINESS
Nov 22, 2001

BOJ denies report of joint action to combat deflation

BOJ Gov. Masaru Hayami on Wednesday threw cold water on a report that the government and the Bank of Japan will set up a joint team to compile a comprehensive policy to stem the deflationary trend.
JAPAN
Nov 22, 2001

$500,000 to go to Sierra Leone court

Japan decided Wednesday to give $500,000 (about 62 million yen) to the United Nations to help set up a special international court to try those suspected of committing crimes against humanity and war crimes in Sierra Leone, the Foreign Ministry said.
BUSINESS
Nov 22, 2001

Koizumi adamant on reform of state firms

Prime Minister Junichiro Koizumi expressed his determination Wednesday to reform loss-making public corporations despite strong opposition from within his ruling Liberal Democratic Party.
JAPAN
Nov 22, 2001

Second Holstein confirmed with mad cow disease

The Health, Labor and Welfare Ministry said Wednesday it has discovered a second case of mad cow disease in its ongoing inspections, and a panel of experts convened by the ministry formally confirmed the case later in the day.
BUSINESS / ON THE FRONT LINE
Nov 22, 2001

Market fluctuations reflect investor jitters

With signs of an economic recovery nowhere in sight, the Tokyo stock market has been a roller coaster ride in recent weeks.
COMMENTARY / World
Nov 22, 2001

Protecting the public from the threats of terror and depression

In his Sept. 30 New York Times article, "The Fear Economy," MIT economist Paul Krugman warned that the American public should be prepared for a possible deflationary spiral comparable to the Great Depression of the 1930s and Japan's milder but chronic depression of the 1990s. A major depression could...
Japan Times
JAPAN
Nov 22, 2001

Sax player to oversee pavilion at World Expo

World-renowned jazz saxophonist Sadao Watanabe was appointed Wednesday to oversee the Japanese government pavilion during the 2005 World Exposition in Aichi Prefecture, government sources said.
SPORTS / SPORTS SCOPE
Nov 22, 2001

Dark clouds looming in the Sky

I wish Southampton would buy a Japanese player. Sky-Perfect TV would get all excited, send over an army of media and TV crews and, "presto," I would be watching Southampton games every weekend. Christmas would have come early for a frustrated Saints fan who hardly ever gets to see his team play, apart...
BUSINESS
Nov 22, 2001

Utilities eye 'weather derivative' deal

OSAKA -- Kansai Electric Power Co. and Osaka Gas Co. have said they planned to arrange a "weather derivative" contract under which weather risks on profits are to be leveled between the firms.
BUSINESS
Nov 22, 2001

Snow Brand's first-half losses hit 13.7 billion yen

Snow Brand Milk Products Co. on Wednesday posted consolidated net losses of 13.66 billion yen for the first half of fiscal 2001, narrowing the gap from 30.66 billion yen logged in the same period the previous year.
BUSINESS
Nov 22, 2001

Japan may wane as China's star rises: regional expert

Japan should be aware of the quickly changing economic environment in Asia, where China is fast emerging as an economic power and Southeast Asian countries are starting to doubt Japan's ability for regional economic leadership, the visiting chairman of the Singapore Institute of International Affairs...
BUSINESS
Nov 22, 2001

Sumitomo Metal drops into the red

Sumitomo Metal Industries Ltd. said Wednesday it incurred group net losses of 18.21 billion yen in the fiscal half ended Sept. 30, reversing the previous year's profit of 3.67 billion yen.
JAPAN
Nov 22, 2001

Companies agree to pay two CJD patients' bills

A German medical equipment maker and its Japanese importer agreed Wednesday to pay 200,000 yen a month in medical fees to two Creutzfeldt-Jakob disease patients, the patients' lawyers said.
ENVIRONMENT / WILD WATCH
Nov 22, 2001

Alien killers revel in 'cute pet' role

As a family, cats have successfully colonized the Americas, Europe, Africa and Asia, with only Australia among the larger landmasses lacking native species. They range in size from the immense Siberian tiger to the diminutive black-footed cat of southern Africa, and take an equally diverse range of prey....
JAPAN / Science & Health / NATURAL SELECTIONS
Nov 22, 2001

Wise words from Earth's defenders

Most of us have heard warnings that humans are destroying the Earth and all that lives on it since we were toddlers. So much so that the message has lost its urgency. More than that, we've become cynical. What good can we do when in the United States, for example, every bill aimed at cutting back on...
COMMENTARY / World
Nov 22, 2001

Oil fears make attack on Iraq unlikely

LONDON -- "We hear that Iraq may be targeted," said Sheik Ahmed Zaki al-Yamani, oil minister of Saudi Arabia during the 1970s and '80s heyday of the Organization of Petroleum Exporting Countries and now chairman of the London-based Center for Global Energy Studies. "Now, if that is a fact, the attacks...
ENVIRONMENT / OUR PLANET EARTH
Nov 22, 2001

Singing the praises of glorious mud flats

How's this for a writer with a bee in his shorts?: "Upon ratifying the Ramsar Convention, Japan agreed to 'promote the conservation of wetlands and waterfowl by establishing nature reserves in wetlands . . . and providing adequately for their wardening' [Article 4]. So far, Japan has made no effort to...

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji