Search - financial-news

 
 
BUSINESS
May 20, 2006

Steady as she goes at BOJ on interest rates

The Bank of Japan opted Friday not to do anything with interest rates, after the central bank determined that economic activity and price developments had little changed.
BUSINESS
May 17, 2006

Aiful reports 13% fall in profit for '05

Troubled Aiful Corp. reported Tuesday that its net profit for fiscal 2005 dropped 13.1 percent to 65.827 billion yen on a consolidated basis due to a rise in customer demands that excess interest on loans be returned.
BUSINESS
May 12, 2006

Don't gut ChuoAoyama when it's down, rivals told

The Japanese Institute of Certified Public Accountants urged its members Thursday to refrain from snatching clients or staff from auditing firm ChuoAoyama PricewaterhouseCoopers, which has been sanctioned by the government.
BUSINESS
Apr 25, 2006

Dollar, TSE fall draw Abe remarks

Chief Cabinet Secretary Shinzo Abe said Monday that financial markets should "reflect Japanese economic fundamentals," in response to the yen's surge against the dollar and declines by Tokyo stocks in the morning.
BUSINESS
Apr 11, 2006

BOJ talks unlikely to yield interest rate hike

The Bank of Japan's decision-making panel opened a two-day meeting Monday as analysts widely expect the central bank to maintain its zero-interest rate policy by holding the overnight call money rate near zero.
JAPAN / Media / MEDIA MIX
Mar 26, 2006

Consumer credit companies have your money, and the media, in their pockets

On Jan. 13, the Supreme Court found in favor of an individual who had sued a consumer credit company for charging too much interest. By doing so, the court rejected the controversial "gray zone" that such companies take advantage of in their business.
BUSINESS
Feb 23, 2006

Toshiba faces major hurdles with Westinghouse

Toshiba's CEO had good reason to sound a trifle defensive about his company's $5.4 billion purchase of U.S.-based nuclear power company Westinghouse.
JAPAN
Feb 22, 2006

Livedoor shareholders to seek damages

Livedoor Co. shareholders plan to sue former President Takafumi Horie and other former top executives around September, their lawyers said Tuesday.
COMMENTARY / World
Feb 21, 2006

Empire of debt has its limits

HONG KONG -- Recent news about U.S. current-account deficits with the rest of the world gives grim pause for thought from Beijing and Tokyo to London, and especially in Washington, for it shows the United States approaching the financial equivalent of a nuclear meltdown.
BUSINESS
Feb 21, 2006

Livedoor could be delisted if more warrants are issued

The Tokyo Stock Exchange may delist Livedoor Co. if prosecutors serve fresh arrest warrants to its former executives for the company's alleged accounting frauds, TSE President Taizo Nishimuro said Monday.
BUSINESS
Feb 8, 2006

Toyota records 34% jump in third-quarter net profit

Toyota Motor Corp. said Tuesday its group net profit for the fiscal third quarter jumped 34.1 percent from the previous year to a record 397.5 billion yen thanks to thriving overseas sales and the yen's depreciation against the dollar.
BUSINESS
Jan 21, 2006

BOJ sees economy improving, hints at end to ultraloose policy

The Bank of Japan on Friday upgraded its view of the economy for the first time in four months, stepping up the upbeat tone of its assessment.
EDITORIALS
Dec 27, 2005

Front line on health-care costs

The government has decided to lower medical fees paid through the public health-insurance systems to hospitals, clinics and pharmacies, beginning in April. Fees paid to doctors will be reduced by 1.36 percent; fees for drugs and medical supplies will be cut by 1.8 percent. The decision is in line with...
Japan Times
Features
Dec 18, 2005

Legal loner courts controversy every day

Any weekday, if you happen to drop by the Tokyo District/High/Summary Court building in Kasumigasaki, among all the besuited lawyers and the like you'll likely spy a blond, bearded young man leafing through the day's schedules in the first-floor lobby, or shuffling in and out of courtrooms big and small....
JAPAN
Dec 7, 2005

8 billion yen outlay eyed to repair shoddy condo fiasco

and land minister Kazuo Kitagawa, addresses a government meeting Tuesday on aid for condominium owners in the shoddy building scandal.
Japan Times
Features
Nov 6, 2005

Surveying a state of change

Prime Minister Junichiro Koizumi led his Liberal Democratic Party to a landslide victory in the Sept. 11 general election he called as a de facto referendum on his drive to privatize postal services.
BUSINESS
Oct 15, 2005

G-20 finance chiefs set for talks

Finance ministers and central bank governors from 20 industrialized and emerging economies were to start a two-day meeting Saturday in China where they are expected to discuss the impact of soaring oil prices on the global economy, development issues and possibly China's currency reforms.
BUSINESS
Jul 28, 2005

BOJ keeps ultra-loose money policy

The Bank of Japan maintained its ultra-easy monetary policy Wednesday, leaving the current account balance target unchanged at a range of 30 trillion yen to 35 trillion yen, in line with analysts' predictions.
BUSINESS
Jun 10, 2005

Spain's bank presence back as BBVA opens branch

Spain's Banco Bilbao Vizcaya Argentaria announced Wednesday the opening of a branch in Tokyo with the aim of financing Japanese firms doing business in Latin America.
BUSINESS
May 25, 2005

SMFG posts record group net loss

Sumitomo Mitsui Financial Group Inc. said Tuesday it posted a record 234.2 billion yen group net loss for the business year ended March 31, a sharp reversal from the 330.4 billion yen net profit it recorded a year earlier.
BUSINESS
Apr 27, 2005

Mizuho unveils plan to boost profits

Mizuho Financial Group on Tuesday announced a three-year business plan aimed at repaying 1.47 trillion yen in borrowed public funds and boosting the group's profitability through a new unit and a tieup.
BUSINESS
Apr 26, 2005

Credit card fraud -- how they do it and how to protect yourself

People walking around with their wallets sticking up out of their back pockets is a sight pickpockets in Japan are only too used to being grateful for.
BUSINESS
Mar 26, 2005

Seibu Railway aims to be relisted in a few years

Seibu Railway Co. hopes to go public again as early as 2008, according a final report by the scandal-tainted group's reform panel released Friday.
BUSINESS
Feb 19, 2005

FSA to discipline Meiji Yasuda

The Financial Services Agency plans to order Meiji Yasuda Life Insurance Co. later this month to suspend part of its business activities for about two weeks over alleged illegal sales practices, FSA sources said Friday.
JAPAN
Jan 29, 2005

MMC execs resign as automaker gets 540 billion yen bailout

Ltd. MMC's latest plan includes no specific steps for increasing profits, he said. But MMC chief financial officer Hiizu Ichikawa said that external consultants have reviewed the plan and claimed he was confident it would work.
Japan Times
BUSINESS
Jan 25, 2005

Livedoor getting ready to launch Internet bank with regional lender

Livedoor Co., a provider of Internet and computer network-related services, said Monday it will team up with a bank in Yamaguchi Prefecture to launch an online bank this year.
JAPAN
Jan 5, 2005

Koizumi pledges robust reconstruction aid in disaster area

Japan will do its best to provide aid and help reconstruction efforts in the Asian countries hit by last month's killer tsunamis, Prime Minister Junichiro Koizumi said Tuesday.

Longform

Members of the nonprofit group Japan Youth Memorial Association search for the remains of dead soldiers in a cave in Okinawa Prefecture in February.
The long search for Japan’s lost soldiers