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BUSINESS
Dec 2, 2004

Subscribers get first view of BBC Japan channel

BBC Worldwide Ltd., the commercial arm of the British Broadcasting Corp., and digital data broadcaster Japan MediArk Co., launched BBC Japan on Wednesday.
JAPAN
Nov 28, 2004

UFJ, Misawa Homes reportedly to seek IRCJ aid

UFJ Bank and Misawa Homes Holdings Inc. are finishing preparations to seek help from the Industrial Revitalization Corp. of Japan to restructure the struggling home builder, sources close to the move said Saturday.
BUSINESS
Nov 20, 2004

Nihon Keizai admits violating stock limit

Nihon Keizai Shimbun Inc. said Friday its effective equity stake in Television Osaka Inc. exceeds the regulatory limit of 20 percent by 0.4 percent.
Japan Times
BUSINESS
Nov 19, 2004

Banks looking to cash in on end of brokering ban

Japanese mega-banking groups are stepping up efforts to launch one-stop financial shops that provide financial services across the board, ranging from banking services to sales of stocks, bonds, mutual funds and insurance policies.
JAPAN
Oct 17, 2004

Sumitomo Trust to file suit to halt UFJ merger

Sumitomo Trust & Banking Co. is considering seeking a court order to halt negotiations between UFJ Holdings Inc. and Mitsubishi Tokyo Financial Group Inc. to merge their trust banking business, company sources said Saturday.
Japan Times
JAPAN
Oct 16, 2004

Daiei chief to resign over rehab fiasco

Daiei Inc. President Kunio Takagi announced Friday he will step down next week to take responsibility for the ailing retailer's decision to ask a state-backed bailout agency to help in its rehabilitation.
Japan Times
BUSINESS
Oct 15, 2004

Daiei fix followed twisted path

It took one phone call from auditor Deloitte Touche Tohmatsu to convince Daiei Inc. to accept help from the state-backed Industrial Revitalization Corp. of Japan and end a lengthy standoff between the retailer and major banks.
JAPAN
Oct 14, 2004

Banks force Daiei into climbdown, arms of IRCJ

Pressure from creditor banks has forced debt-ridden retailer Daiei Inc. into deciding to seek help from the Industrial Revitalization Corp. of Japan, officials said Wednesday.
Japan Times
JAPAN
Oct 13, 2004

Daiei snubs IRCJ rehab offer, risks banks' wrath

The state-backed Industrial Revitalization Corp. of Japan said Tuesday it will stop preparatory procedures to help rebuild Daiei Inc. after the retailer's president formally rejected calls by the IRCJ and major creditor banks for Daiei to seek the entity's help, IRCJ sources said.
JAPAN
Oct 8, 2004

FSA targets UFJ over attempts to block probe

The Financial Services Agency filed a criminal complaint against UFJ Bank and three former executives Thursday over their attempts to block inspections by concealing documents and refusing to answer questions, the bank regulator said.
BUSINESS
Oct 8, 2004

Persistent SMFG buys 300 shares in UFJ

Sumitomo Mitsui Financial Group Inc. said Thursday it has acquired 300 shares in takeover target UFJ Holdings Inc., opening the door to counter a merger offer from a rival Japanese bank.
BUSINESS
Oct 7, 2004

METI considers hostile-takeover defenses

Fear over a swarm of hostile takeover attempts by foreign firms has prompted the government to examine whether Japanese companies can adopt U.S.-made defensive measures under the nation's legal framework.
BUSINESS
Sep 28, 2004

Daikyo hoping for 176.5 billion yen in aid

Struggling condominium builder Daikyo Inc. is seeking 176.5 billion yen worth of financial assistance from its creditors, according to the final draft of its rehabilitation plan obtained Monday.
BUSINESS
Sep 25, 2004

SMFG extends validity period for UFJ merger proposal

Sumitomo Mitsui Financial Group Inc. said Friday it has extended to June 30 the period in which its proposal to UFJ Holdings Inc. that the firms merge via a one-to-one share exchange ratio will remain valid.
BUSINESS
Sep 18, 2004

MTFG jumps gun on UFJ capital boost

Mitsubishi Tokyo Financial Group Inc. said Friday it has injected 700 billion yen into UFJ Bank, two weeks ahead of schedule, apparently to block a hostile takeover bid for UFJ Holdings Inc. by Sumitomo Mitsui Financial Group Inc.
BUSINESS
Sep 15, 2004

SMFG's bid for UFJ likely thwarted

An agreement struck Friday between UFJ Holdings Inc. and Mitsubishi Tokyo Financial Group Inc. has dealt another serious blow to Sumitomo Mitsui Financial Group Inc.'s chances of taking over UFJ.
BUSINESS
Sep 11, 2004

Resona may act as agent for Nomura Securities

Resona Holdings Inc. might tie up with Nomura Securities Co., a key arm of Nomura Holdings Inc., on conveying to Nomura stock buy and sell orders it would receive at its bank branches on a commission basis, sources close to Resona said Friday.
BUSINESS
Sep 9, 2004

Sojitz to receive 370 billion yen capital injection from financial institutions

Struggling trading house Sojitz Holdings Corp. officially announced Wednesday it will get a 370 billion yen capital injection from financial institutions, including UFJ Holdings Inc. and UBS AG, to clean up its balance sheet.
BUSINESS
Sep 8, 2004

Three Nikkei stocks to be replaced

Nihon Keizai Shimbun Inc. said Tuesday it will replace three constituent stocks in its key 225-issue Nikkei stock average, effective Oct. 1.
BUSINESS
Aug 25, 2004

SMFG tries to lure UFJ with deal to merge as equals

Sumitomo Mitsui Financial Group Inc. announced Tuesday that it has offered UFJ Holdings Inc. a deal for the two banks to merge on an equal basis, in its latest attempt to woo UFJ away from rival Mitsubishi Tokyo Financial Group Inc.
JAPAN
Aug 21, 2004

Japanese won over by tiny, no-fuss 'pets'

The plastic conversation piece filled with aquamarine-tinted gel is missing a vital ingredient: ants.
JAPAN
Aug 21, 2004

Japanese won over by tiny, no-fuss 'pets'

The plastic conversation piece filled with aquamarine-tinted gel is missing a vital ingredient: ants.
BUSINESS
Aug 20, 2004

Persistent SMFG refusing to give up on UFJ merger bid

Sumitomo Mitsui Financial Group Inc. will make an offer to UFJ Holdings Inc., possibly by the end of August, on the ratio for its proposed merger of the two banking groups, SMFG officials said Thursday.
JAPAN
Aug 12, 2004

High court clears way for UFJ-MTFG merger

The Tokyo High Court ruled Wednesday that struggling UFJ Holdings Inc. and the larger Mitsubishi Tokyo Financial Group Inc. can hold merger talks to create what would be the world's largest bank in terms of assets.
JAPAN
Aug 12, 2004

High court clears way for UFJ-MTFG merger

The Tokyo High Court ruled Wednesday that struggling UFJ Holdings Inc. and the larger Mitsubishi Tokyo Financial Group Inc. can hold merger talks to create what would be the world's largest bank in terms of assets.
BUSINESS
Aug 10, 2004

SMFG bid doesn't alter UFJ-MTFG plan

UFJ Holdings Inc. said Monday there is no change in its plan to integrate its operations with Mitsubishi Tokyo Financial Group Inc., despite Sumitomo Mitsui Financial Group Inc.'s rival merger bid.
BUSINESS
Aug 7, 2004

Daiei creditors to seek IRCJ help; Hawks may go

Daiei Inc.'s three main creditor banks are in the final stages of hammering out a plan to seek the help of the state-backed Industrial Revitalization Corp. of Japan to rescue the embattled retailer, sources said Friday.
BUSINESS
Aug 4, 2004

Investigation is launched into Hynix chip imports

The government is investigating whether to impose punitive import taxes on computer chips made by Hynix Semiconductor Inc. of South Korea after receiving complaints from Japanese companies.
JAPAN
Jul 31, 2004

UFJ says no to tieup with Sumitomo group

The saga over struggling UFJ Holdings Inc. took a new twist Friday when its estranged peer, Sumitomo Mitsui Financial Group Inc., Japan's second-biggest banking group, asked it to enter into merger talks.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami