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BUSINESS
Aug 23, 2003

Daiei units ordered to pay off loans Kyodo News

The Tokyo District Court on Friday ordered two Fukuoka subsidiaries of struggling retailer Daiei Inc. to repay 1.38 billion yen in overdue loans to a Cayman Islands investment firm.
CULTURE / Books / THE ASIAN BOOKSHELF
Aug 10, 2003

Pulling away the curtains from the 'Princes of the Yen'

PRINCES OF YEN: Central Bankers and the Transformation of the Economy, by Richard A. Werner. London: M.E. Sharpe, 2003, 362 pp., $27.95, (paper). Richard A. Werner has written a rare book. "The Princes of the Yen" is a scholarly, thoroughly researched treatise on economics that reads like a detective...
JAPAN
Feb 2, 2002

Yen temporarily plunges on news of Tanaka firing

The yen temporarily dipped into the 135 range against the dollar Friday morning in Tokyo for the first time in 40 months after reports of Prime Minister Junichiro Koizumi's plummeting approval ratings fueled concerns over his economic reform pledges.
BUSINESS / ON MANAGEMENT
Dec 18, 2001

Rampaging egos make perfect targets

We human beings are strange creatures. We'll work and slave and sweat blood to turn an idea into reality -- to start a business, compose an opera, run for political office or, most commonly, to create an initiative at our companies. And yet, when we do succeed, we immediately put everything we've worked...
JAPAN
Aug 17, 2001

Population decline not all bad news

Japan's population is charting a downward trajectory.
BUSINESS / ON THE FRONT LINE
Apr 27, 2001

New York upturn positive news for Japan

The recent upturn in New York share prices could presage a more stable market in Japan, too.
JAPAN
Aug 20, 1998

Obuchi denies news reports of LTCB fund infusion plan

Prime Minister Keizo Obuchi denied media reports Thursday that the government has decided to inject public funds into the ailing Long-Term Credit Bank of Japan to expedite LTCB's proposed merger with Sumitomo Trust & Banking Co.
JAPAN
Jul 2, 1998

Stock market improves after news of bank plan

Share prices rose in heavy trading Thursday on the Tokyo Stock Exchange amid reports the government was putting the finishing touches on a plan to restore health to the nation's beset banking industry.
JAPAN
Apr 2, 1998

Latest news sends TSE plummeting

Share prices plunged Thursday on the Tokyo Stock Exchange after the Bank of Japan's quarterly "tankan" survey showed a dramatic fall in business confidence.
Japan Times
BUSINESS
May 10, 2023

Mitsubishi Motors to stick with China despite poor sales

The automaker’s retail sales in China dropped to 32,000 units in the third quarter, and those numbers are expected to decline again for the quarter that ended in March.
Japan Times
JAPAN / Science & Health
Apr 20, 2023

Japan health insurance societies to log record loss in fiscal 2023

The National Federation of Health Insurance Societies, or Kenporen, said that its member societies are expected to log a record loss in fiscal 2023.
BUSINESS / Companies
Feb 14, 2023

Japan's Idemitsu Kosan cuts full-year forecast on lower oil prices

The revision follows a similar step by Japan's top refiner Eneos Holdings, which last week slashed its full-year net profit forecast down by 58%.
Japan Times
WORLD / Politics / FOCUS
Jun 26, 2018

Brexit's big short: Hedge funds hired pollsters and cashed in

At 10 p.m. on June 23, 2016, Sky News projected the words "IN OR OUT" across the top of a London building as an orchestral score ratcheted up the tension. "In or out—it is too late to change your mind," declared Adam Boulton, the veteran anchor, seated in a makeshift studio across from Big Ben. "The...
BUSINESS
May 13, 2013

U.S. officials, firms fear spying by Bloomberg

Officials at the Federal Reserve, Treasury Department and some of America's largest financial firms are assessing whether their use of Bloomberg News' ubiquitous financial data terminals has exposed them to a potential privacy breach.
Japan Times
WORLD
Oct 11, 2022

Bernanke and two academics win Nobel in economics for work on banks’ role in crises

Former Federal Reserve chair Ben Bernanke and economists Douglas Diamond and Philip Dybvig were awarded for their influential work on the relationship between banks and economic turmoil.
JAPAN
Nov 26, 1997

Finance, BOJ chiefs issue plea for public calm

Finance Minister Hiroshi Mitsuzuka and Bank of Japan Gov. Yasuo Matsushita issued a joint statement Wednesday calling on the public to remain calm and not be swayed by unfounded rumors over the recent spate of financial failures.
JAPAN
Nov 29, 2003

Ashikaga Bank faces government bailout

Ashikaga Bank appears to be on the brink of becoming Japan's second bank this year to receive an injection of taxpayer money, sources said Friday.
Japan Times
BUSINESS
Oct 5, 2022

Lack of scrutiny on 'green' bonds offering firms cheap finance while derailing climate action

That firms set their own objectives to evade interest penalties incentivizes them to aim low, as so-called greenwashing enters a $22 trillion corporate bond market.
JAPAN / Society
Feb 21, 2015

Apologizing in Japan: Sorry seems to be the hardest word

Dressed in a light-gray suit with her hair pulled back tightly into a bun, McDonald's Holdings Co. (Japan) Chief Executive Officer Sarah Casanova walked stiffly into a news conference on Feb. 5 and addressed a throng of reporters.
Japan Times
WORLD / Politics
Jan 1, 2023

The ‘red wave’ washout: How skewed polls fed a false U.S. election narrative

Coupled with the political factors already favoring Republicans, biased polls earlier this year helped feed an ultimately false narrative: A Republican wave was about to hit the U.S.
Japan Times
BUSINESS / Companies
Mar 6, 2013

BofA surge affirms Buffett bet as Moynihan's gaffes fade

Brian Moynihan was impatient. It was August 2011, and the Bank of America Corp. chief executive officer was reviewing plans to impose a $5 monthly fee on debit-card users.
BUSINESS
Jul 29, 2000

FRC chief defends payments, benefits from Mitsubishi Trust

A scandal involving the chairman of the Financial Reconstruction Commission erupted Friday when it was reported that he had received millions of yen in advisory fees as well as money to cover the rental of offices and staff from Mitsubishi Trust & Banking Corp. over a seven-year period.
Japan Times
COMMENTARY / World
Nov 3, 2022

Powell delivers masterful performance at a difficult time

The Federal Reserve chair needed to prepare markets for a coming slowdown in rate increases without loosening financial conditions. He pulled it off.
Japan Times
BUSINESS / Companies
Nov 23, 2016

One year after Nikkei deal, FT eyes acquisitions to strengthen digital subscriptions

The Financial Times is in talks to buy companies that strengthen its digital subscription business as the newspaper capitalizes on greater financial support from its new owner, Japan's Nikkei Inc., FT Chief Executive Officer John Ridding said.
U.S. President Donald Trump talks to the press aboard Air Force One on the way to Morristown Municipal Airport in Morristown, New Jersey, on Friday.
WORLD / Crime & Legal
Jun 7, 2025

Trump can bar AP from some White House events for now, U.S. appeals court says

The Associated Press in a statement said it was disappointed by the decision and weighing its options.
A banner belonging to the "Alley of Angels" project displays images of children purportedly killed in conflict, at a demonstration of far-right groups in Frankfurt, Germany, on May 25, 2024.
WORLD / Politics
Feb 19, 2025

How a Moscow-linked exhibit tried to erode German support for Ukraine

Publicly, the exhibit’s organizers say they aren’t affiliated with any government and are driven by a desire to end the suffering.
Tomihiro Tanaka, president of the Japan branch of the Unification Church also known as the Family Federation for World Peace and Unification, bows his head in apology during a news conference on Tuesday in Tokyo.
JAPAN / Crime & Legal
Nov 7, 2023

Unification Church ready to set aside ¥10 billion fund for victims

The announcement was made as lawmakers contemplate measures to secure the church’s assets if the court decides to strip the group of its special status.
Wall Street banks, under political pressure and tempted by short-term gains, are abandoning climate commitments and pouring billions into fossil fuels, risking both environmental catastrophe and massive future economic losses.
COMMENTARY / World
Apr 7, 2025

Wall Street will regret helping the world burn

For an industry in the business of money, it sure has a funny way of ensuring its destruction. 

Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic