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May 05, 2025
 

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BUSINESS
Mar 28, 2002

Builder Haseko to get 150 billion yen loan bailout

Daiwa Bank and two other commercial lenders on Wednesday agreed to provide 150 billion yen in financial aid to embattled condominium builder Haseko Corp. through a debt-equity swap, Haseko announced Wednesday.
BUSINESS
Mar 27, 2002

Big banks continue to write off bad loans

The nation's 13 major banks are expected to book a combined 7.5 trillion yen in loan-loss charges for the business year to March 31, about 1 trillion yen more than the 6.44 trillion yen previously estimated, banking sources said Tuesday.
BUSINESS
Feb 26, 2002

Daiei may slash capital by 99%

Debt-saddled retailer Daiei Inc. said Monday it may slash its capital by more than 99 percent under a three-year restructuring plan scheduled to be unveiled Wednesday.
BUSINESS
Jan 31, 2002

Crisis fears grow as crunch time for banks nears

A recent nationwide flurry of collapsing credit unions and "shinkin" credit associations was accompanied by a total lack of panic.
BUSINESS
Jan 19, 2002

Daiei bailout calls for slashing 6,000 jobs

Limping retailer Daiei Inc. announced Friday the outline of a new three-year restructuring plan that includes cutting 6,000 jobs, closing 50 unprofitable stores and asking its main banks for a 420 billion yen bailout.
BUSINESS
Jan 9, 2002

Daiei to sell transport unit to U.S. investment firm

Troubled supermarket chain operator Daiei Inc. said Tuesday it will sell its secure-transportation subsidiary to the Carlyle Group, a major U.S. private equity investment company, for roughly 3.5 billion yen in February to reduce group interest-bearing debts.
BUSINESS
Dec 11, 2001

Cable & Wireless eyes PSINet unit

Cable & Wireless PLC of Britain announced Monday it has agreed to acquire the Japanese subsidiary of PSINet Inc. of the United States for 7.2 million British pounds to expand Net-related business here.
BUSINESS
Dec 11, 2001

UFJ to sell United California to BNP Paribas

UFJ Holdings Inc., the nation's fourth-largest banking group, said Monday that it will sell all outstanding shares in United California Bank, a wholly owned U.S. subsidiary, to French financial group BNP Paribas for 300 billion yen.
BUSINESS
Dec 1, 2001

Dentsu's TSE debut makes a big splash

Dentsu Inc., the nation's largest advertising agency, registered on Friday the maximum daily allowable gain -- 50,000 yen -- to end the day at 470,000 yen on its first day of trading on the Tokyo Stock Exchange.
Japan Times
CULTURE / Art
Nov 28, 2001

Indispensable designs

When you pull a foil bag of potato chips down from the shelf in the supermarket, you're usually thinking only about its contents. But when that same colorful bag is used as a cover for an art catalog, the disposable wrapping has suddenly turned into an ambiguous, sophisticated artifact.
COMMUNITY
Nov 25, 2001

Key insight spells riches for Hollywood nail care magnate

All it took for a small dental supply business to become the world's largest independent manufacturer of nail products was one man's realization that some of his biggest buyers of dental acrylics weren't dentists at all they were manicurists.
JAPAN
Oct 11, 2001

Web gossip sparks corporate anger

Two major life insurers were battered by a swirl of rumors in September as several message boards on a popular Web site began predicting their demise.
JAPAN
Oct 3, 2001

Donations to U.S. top $31 million

At least $31.79 million has so far been donated by 140 Japanese firms to various relief fund groups to aid survivors of the Sept. 11 terrorist attacks on New York's World Trade Center and the Pentagon, according to the Keizai Koho Center, the public relations arm of the Japan Federation of Economic Organizations...
JAPAN
Sep 8, 2001

Asahi, Daiwa mull joining to form No. 5 bank group

Tokyo-based Asahi Bank and Osaka's Daiwa Bank said Friday they are considering integrating to form Japan's fifth largest banking group.
BUSINESS
Sep 7, 2001

Banks to withhold interim dividends

Sumitomo Mitsui Banking Corp. and other major banks are considering skipping interim dividend payments for the fiscal first half, as the continued drop in Tokyo stock prices has dealt a severe blow to their earnings, banking sources said Thursday.
BUSINESS
Sep 4, 2001

Oct. 1 set for 3G launch

NTT DoCoMo Inc. announced Monday that it will launch its next-generation mobile phone service on Oct. 1 in parts of Tokyo, claiming it has improved on reception problems that plagued a trial service that began in May.
BUSINESS
Aug 25, 2001

Itochu, Marubeni units to merge

Itochu Corp. and Marubeni Corp. said Friday they will merge their trading subsidiaries dealing in steel construction materials on equal terms on Oct. 1, simultaneous to the integration of their steel businesses.
BUSINESS
Aug 16, 2001

Venture capitalists bank on restructuring mood

During the heady days of the information technology boom of the late 1990s through early 2000, many foreign venture-capital firms were lured to Japan in search of Internet-related business startups.
JAPAN
May 6, 2001

Major nations plan to test measures aimed at containing financial crises

The Group of Seven nations and other major economies will conduct the first joint field test of coordinated measures aimed at minimizing panic and preventing a domino effect when megabanks and huge hedge funds collapse, a Japanese government source said Saturday.
CULTURE / Film
Mar 31, 2001

You really don't want to go there

There must be an organization in Hollywood called Bad Sequels Inc. (not to mention Happy Endings.com and Dial-a-Corpse). The people over at Bad Sequels are dressed in gray, carry briefcases and have the furtive look of a nervous salesman. They go up to some successful producer at some 7-ish cocktail...
BUSINESS
Mar 23, 2001

C&W considers buying local Internet provider

British telecommunications firm Cable & Wireless PLC is considering acquiring Internet Initiative Japan Inc., sources said Thursday.
BUSINESS
Mar 3, 2001

Japan, South Korea firms see bigger benefits in forging more alliances

Kyodo News Relations between Japanese and South Korean business enterprises have deepened in the past two or three years with increases in business alliances and joint ventures as well as full-scale sales offensives in the Japanese market by firms such as Hyundai Motor Co.
BUSINESS
Feb 28, 2001

Vodafone bolsters mobile phone stake in Japan

In an important step toward expanding its business in the world's second largest mobile phone market, Vodafone Group PLC said Tuesday it has agreed to acquire a 10 percent stake in Japan Telecom Co. from AT&T Corp. of the United States for 157.1 billion yen.
BUSINESS
Feb 28, 2001

Vodafone bolsters mobile phone stake in Japan

In an important step toward expanding its business in the world's second largest mobile phone market, Vodafone Group PLC said Tuesday it has agreed to acquire a 10 percent stake in Japan Telecom Co. from AT&T Corp. of the United States for 157.1 billion yen.
BUSINESS
Feb 1, 2001

Marubeni to buy into retailers

Ailing retailer Daiei Inc. and major trading house Marubeni Corp. have reached an agreement over Marubeni's purchase of a 5 percent stake in Daiei and an additional 10 percent stake in Maruetsu Inc., a supermarket-chain affiliate of Daiei, the three companies said Wednesday.
BUSINESS
Jan 26, 2001

Marubeni-Daiei deal nearly sealed

The ailing supermarket chain Daiei Inc. is in the final stage of talks with Marubeni Corp. over the latter's purchase of a 5 percent stake in Daiei and an additional 10 percent stake in its affiliate supermarket chain Maruetsu Inc., a Daiei official said Thursday.
BUSINESS
Jan 18, 2001

Daiei chief tenders early resignation

Struggling supermarket-chain operator Daiei Inc. said Wednesday that former President Tadasu Toba, who was demoted to director in October over his alleged involvement in shady stock deals, will step down Monday -- earlier than planned.
JAPAN
Jan 6, 2001

'Anime' invade Akihabara's electronics monopoly

The Akihabara district of Tokyo appears to be changing in response to the increasing number of discount computer shops, previously a district mainstay, that have opened in other areas. Considering Electric Town's old reputation as a testing ground for new products, some say the future lies in "otaku."...
JAPAN
Jan 1, 2001

Foreign workforce movin' on up

For a long time, workers coming to Japan from the Third World have been associated with the cheap blue-collar labor that supports industrial societies at the lower strata.
BUSINESS
Dec 26, 2000

Chugai Mining to buy into U.S. optics firm

Precious metal refiner Chugai Mining Co. said Monday it has agreed to purchase a 21 percent stake in U.S. optic technology venture company Katsina Optics Inc. for $7 million in an effort to meet the growing demand for swift, inexpensive fiber-optic network-related services.
Japan unveils new overtourism countermeasures
The majority of tourists in Japan tend to stay in Tokyo, Osaka or Kyoto, resulting in overcrowding in popular tourist spots and a strain on transportation systems.
South Korea couple beat same-sex barriers to parenthood
South Korean lesbian couple Kim Kyu-jin (left) and her wife, Kim Sae-yeon, pose with a "pregnant woman" badge during an interview in Seoul last month.
Toyoko Kids: The lonely street children of Tokyo
Many young people who feel neglected at home flock to the Toyoko area to find a community where they can fit in.
Opportunities await the bold in the Year of the Wood Dragon
2024 marks the Year of the Dragon in the Chinese zodiac, with the year predicted to be a good time for fresh starts.
Don’t worry about global population collapse
Most projections show the world will hit peak humanity in the 21st century as people choose to have smaller families and women gain power over their own reproduction.
Japan’s ‘tabi’ sock mecca runs on thread and memories
A seamstress at Kineya Tabi sews together split-toe "tabi" socks, once a major industry for the town of Gyoda, Saitama Prefecture.
Despite shifts in Japan's political landscape, constitutional revision still far off
Prime Minister Shigeru Ishiba has been a staunch advocate for constitutional reform.
'Ukiyo-e in Play' showcases traditional art carved anew
The Adachi Institute has been working on creating brand new ukiyo-e prints in collaboration with contemporary artists such as Yayoi Kusama, whose “Mt. Fuji in Seven Colours: When life boundlessly flares up to the universe” (2014) can be seen on display at “Ukiyo-e in Play.”
Ishiba hears advice from across the aisle on how Japan should handle Trump
Prime Minister Shigaru Ishiba and CDP head Yoshihiko Noda at a parliamentary session in Tokyo on April 23.
Don't send in the clones: AI event nixed as Alt accounts get reality check
A screenshot from the website for Alt's AI conference, which was canceled after the company disclosed an investigation into its sales figures.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Alex K.T. Martin

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