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JAPAN
Nov 7, 2001

35.7 billion yen wasted trying to ease traffic

Metropolitan Express Public Corp. sank 35.7 billion yen into an assortment of projects to fix chronic congestion on Tokyo expressways, only to find that the money did little to remove the bottlenecks, according to a government audit report Monday.
JAPAN
Nov 7, 2001

Surname law now said out of sync

After years of debate and shifting social trends, legislation that would allow Japanese married couples to keep separate surnames may finally hit the Diet floor.
JAPAN
Nov 7, 2001

Russian offer points to end of fishing row

The fishing dispute involving Japan, Russia and South Korea may be settled this month following a reported offer by Moscow to grant Seoul new fishing rights in waters not claimed by Tokyo.
JAPAN
Nov 7, 2001

Ministry eyes cutting down sea emissions

The Environment Ministry has decided to set a target for reducing nitrogen and phosphorus emissions into Tokyo Bay, Ise Bay and the Seto Inland Sea to avoid fouling the waters with too many nutrients, ministry officials said.
BUSINESS
Nov 7, 2001

S&P gives IYBank strong ratings

Standard & Poor's Corp. said Tuesday it has assigned A long-term and A-1 short-term counterparty credit ratings to IYBank, the banking unit of major retailer Ito-Yokado Co.
JAPAN
Nov 7, 2001

Red Army member faces 30-month term

Prosecutors on Tuesday demanded a 30-month prison term for Japanese Red Army member Mariko Yamamoto for allegedly obtaining a passport illegally for a fellow member in 1974.
Japan Times
JAPAN
Nov 7, 2001

Officials plead guilty in G8 limo scam

Two former Foreign Ministry officials and two former executives of a Tokyo-based limousine company pleaded guilty to fraud at the Tokyo District Court on Tuesday in the first hearing of a trial related to last year's Group of Eight summit in Okinawa.
BUSINESS
Nov 7, 2001

Moody's may downgrade Softbank

Moody's Investors Service Inc. said Tuesday it will review and may downgrade Softbank Corp's Ba3 senior unsecured long-term debt ratings.
BUSINESS
Nov 7, 2001

0.9% contraction is expected

The government looks set to revise downward its economic forecast for fiscal 2001 to negative growth of around minus 0.9 percent from its original projection of 1.7 percent growth, government sources said Tuesday.
JAPAN
Nov 7, 2001

Tanaka pursues meetings as shenanigans continue

Embattled Foreign Minister Makiko Tanaka said Tuesday that she has still not given up on attending U.N. General Assembly and Group of Eight foreign ministers' meetings in New York, despite her request again being turned down by the Diet.
JAPAN
Nov 7, 2001

Teenager held in fatal break-in

OSAKA -- A 17-year-old boy was arrested Tuesday on suspicion of killing a 16-year-old female, police said.
BUSINESS
Nov 7, 2001

Mitsui Sumitomo selling derivatives

Mitsui Sumitomo Insurance Co. said Tuesday it has begun marketing financial derivatives to enable companies to hedge against the risk of falls in the price of shares they hold in other firms.
Japan Times
JAPAN
Nov 7, 2001

Imperial eyes shielded from reality of homelessness

The homeless at Ueno Park were up early Monday, with hundreds of the park dwellers quietly disassembling their tents and packing their belongings onto carts soon after dawn.
BUSINESS
Nov 7, 2001

Nagasakiya to close about 30 stores

Failed supermarket chain Nagasakiya Co. will close around 30 of its 84 outlets as part of a rehabilitation program, according to company sources.
JAPAN
Nov 7, 2001

Economic slide eats into scholarships

Scholarship grants and loans provided by regional bodies, schools, foundations and other entities fell 25 percent between fiscal 1995 and 1999, according to a recent education ministry survey.
BUSINESS
Nov 7, 2001

Kansai airport to boost capital base

OSAKA -- Kansai International Airport Co. said Tuesday it will increase its capital base by 34.65 billion yen by floating new shares for third-party subscriptions to help finance operations planned for the current fiscal year.
CULTURE / Film
Nov 7, 2001

Hosoya serves up some excellent cheese

OK, let's play Guess The Filmmaker. Here's the flick: it's called "Home Sweet Hoboken," it's set in a New Jersey neighborhood, and it features two jobless young slackers who live with their grandmother while subsisting on pizza and beer. Their foul-mouthed dialogue is along the lines of "S***, I gotta...
BUSINESS / ON THE FRONT LINE
Nov 7, 2001

Investors play it safe in perplexing market

The recent developments on the Tokyo stock market have been perplexing.
BUSINESS
Nov 7, 2001

Bank bosses to testify about FSA lending pressure

The House of Representatives Committee on Financial Affairs will summon two bank presidents to give unsworn testimony on reports that a top Financial Services Agency official pressured the banks to favor specific borrowers, officials said Tuesday.
CULTURE / Film
Nov 7, 2001

Disturbing signals from distant Planet Y

All About Lily Chou ChouRating: * * * 1/2 Director: Shunji Iwai Running time: 146 minutes Language: Japanese Now showing
BUSINESS
Nov 7, 2001

Takeda Chemical notches 45% net profit increase in first half

Takeda Chemical Industries Ltd. said Tuesday its consolidated net profit in the first half of the 2001 business year increased 45.3 percent from a year earlier to 130.85 billion yen, due mainly to an increase in overseas sales of medicine.
CULTURE / Film
Nov 7, 2001

Between the real and the surreal

A whiff of the absurd was in the air at the closing ceremony of the 14th Tokyo International Film Festival, held Sunday at Orchard Hall in Shibuya. It wasn't necessarily the presenters' hairdos and breathless patter, nor the new formal dress code imposed on the attending filmmakers. It wasn't even the...
BUSINESS
Nov 7, 2001

Sluggish sales sink Shiseido's profits

Cosmetics maker Shiseido Co. said Tuesday its consolidated pretax profits for the first half through Sept. 30 plunged 42.9 percent from the same period a year ago to 9.90 billion yen.
SOCCER / World cup
Nov 7, 2001

Troussier says Japan is ready

SAITAMA -- A day before Wednesday night's friendly against Italy at Saitama Stadium, Japan coach Philippe Troussier on Tuesday expressed satisfaction with his team's World Cup preparation.
BUSINESS
Nov 7, 2001

Sony expects rebound from resurgent mobile-phone division

Sony Corp.'s earnings will probably rebound in the second half of the business year after an anticipated improvement in the performance of its mobile phone division, Sony President Kunitake Ando said in a recent interview with Kyodo News.
JAPAN
Nov 7, 2001

Basic energy plan one step closer

A basic national energy policy moved a step closer to fruition Tuesday as the ruling coalition agreed to submit a relevant bill to the Diet during the current session.
BASEBALL / BASEBALL BULLET-IN
Nov 7, 2001

MLB contraction: Say it ain't so, Bud

Just about the time you are reading this, officials of Major League Baseball should be discussing an issue that has never come up before in our lifetime: contraction. You know the story; MLB commissioner Bud Selig has said folding two franchises, rolling back the majors from 30 to 28 teams, may be a...
BUSINESS
Nov 7, 2001

Household spending continues to decline

Average household spending declined an inflation-adjusted 3.7 percent in September from a year earlier to 283,390 yen for the sixth consecutive monthly fall, the government said Tuesday.
SOCCER / World cup
Nov 7, 2001

Chung wants Emperor at World Cup

South Korean World Cup Organizing Committee co-chairman Chung Mong Joon stressed the significance of a visit by Japan's Emperor to South Korea for the opening ceremony of next year's World Cup.

Longform

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