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JAPAN
Jun 25, 2003

Bankruptcy protection shifts burden to cosigner

Print shop owner Yoichi Iwasaki let out a deep sigh of relief when he filed for court protection from creditors in April 2002, but little did he realize that was not the end of his troubles.
JAPAN
Jun 25, 2003

Bankruptcy protection shifts burden to cosigner

Print shop owner Yoichi Iwasaki let out a deep sigh of relief when he filed for court protection from creditors in April 2002, but little did he realize that was not the end of his troubles.
JAPAN
Jun 25, 2003

Bankruptcy protection shifts burden to cosigner

Print shop owner Yoichi Iwasaki let out a deep sigh of relief when he filed for court protection from creditors in April 2002, but little did he realize that was not the end of his troubles.
BUSINESS
Jun 21, 2003

April tertiary sector trade rose 0.3%

The index of tertiary industry activity rose 0.3 percent in April from March, the second straight monthly gain, thanks to brisk business in the telecommunications industry, the government said Friday.
BUSINESS
Jun 14, 2003

Corporate bankruptcies down for fifth month

There were 1,482 corporate bankruptcies in May, down 12.6 percent from a year earlier for the fifth consecutive month of year-on-year decline, Teikoku Databank Ltd. said Friday.
Japan Times
LIFE / Food & Drink / TOKYO FOOD FILE
Jun 13, 2003

Dean & Deluca: A slice of NY in Marunouchi

The gentrification of Marunouchi continues apace. No longer a staid salaryman ghetto, it has reinvented itself as some of the most sophisticated commercial real estate in the city. The latest arrival in the neighborhood is the sleek steel-and-glass Mitsubishi Trust building, rising high above the venerable...
COMMENTARY / World
Jun 12, 2003

S. Korea emerges from Japan's shadow

NEW DELHI -- Despite resentment against Japan for its colonial domination of the Korean Peninsula (1910-1945), South Korea followed Japan in its model of postwar economic development. In both countries, the central government established close links between commercial banks and companies while ensuring...
BUSINESS
Jun 11, 2003

April machinery orders fell 1.8%

Core private-sector machinery orders fell a seasonally adjusted 1.8 percent in April from the previous month to 874.9 billion yen, the government said Tuesday, indicating capital spending may slow later in the year.
EDITORIALS
Jun 6, 2003

What can revive insurance firms?

Deflation in Japan is taking its toll on life insurance companies. Since they make profits by investing policyholders' premiums and bank-supplied funds in stocks, bonds, real estate and other assets, they are more susceptible to falling asset prices and near-zero interest rates than companies in other...
BUSINESS
Jun 6, 2003

Capital investment slides for sixth quarter in row

Capital investment dropped 3 percent in the January-March period from a year earlier, down for the sixth consecutive quarter, according to a Finance Ministry survey released Thursday.
Japan Times
COMMUNITY
May 25, 2003

Kansai rides the onsen wave

It's a sunny Saturday afternoon, and Spa World in Osaka's Naniwa Ward is crowded with people of all ages drawn to its 16 different kinds of baths. True to its name, it's an onsen theme park with a global approach.
BUSINESS
May 24, 2003

Hazama logs net loss of 122 billion yen

Ailing contractor Hazama Corp. said Friday its group net loss swelled to 122.6 billion yen in fiscal 2002, due to valuation losses on its asset holdings, including stocks. The firm posted a group net loss of 1.66 billion yen in fiscal 2001.
BUSINESS
May 20, 2003

Ailing contractors to delay merger

Troubled contractors Kumagai Gumi Co. and Tobishima Corp. said Monday they will delay the deadline for their planned merger for a year until April 2005 so they can prepare more carefully.
BUSINESS
May 16, 2003

JR Tokai records sales decline

Central Japan Railway Co. (JR Tokai) said Thursday it suffered its first fall in group sales in three years in fiscal 2002. It attributed the decline to a slump in core bullet train services on the Tokaido Shinkansen Line amid an adverse business environment and intense competition with airlines.
COMMENTARY / World
May 9, 2003

The silent birth of a killer virus

BEIJING -- Is it the "big one" -- the indestructible one? Perhaps not. Either way, China's inability to tell the truth has made it a threat to all of us.
EDITORIALS
May 7, 2003

Ease lending to small firms

Small businesses in Japan continue to languish in the midst of a protracted economic slump. Compounding their predicament is the tight lending policy of private banks, which are said to be more selective toward smaller borrowers than larger ones. Banks may have their own reasons to restrict lending,...
BUSINESS
May 3, 2003

Debt-saddled Daiwa seeks protection

Daiwa Construction Co. said Friday it has filed with the Tokyo District Court for protection from creditors under the fast-track corporate rehabilitation law.
EDITORIALS
Apr 29, 2003

A crucial contingency package

How should Japan deal with a military attack from abroad? This question has acquired greater urgency amid heightened regional security concerns. However, military contingency legislation now before the Diet should be debated from a long-term perspective. At stake is the fundamental question of how to...
COMMUNITY / Our Lives / JAPAN LITE
Apr 26, 2003

How to tell if your neighbor is a yakuza

Several years ago as I was taking a taxi to work, the taxi driver took a shortcut down a small side street through an old neighborhood. When we rounded a corner, we were met by about 50 men dressed in suits lining both sides of the street and making deep bows. The taxi driver stopped behind a large black...
EDITORIALS
Apr 22, 2003

The meaning of low interest rates

The global economic outlook remains dim despite the swift and decisive coalition victory in Iraq. In Japan the prospects are darker still, with deflation getting worse, not better. Stock prices are at their lowest level in about 20 years. Banks are still burdened with piles of bad debt. Prime Minister...
Japan Times
LIFE / Travel / NATURE TRAVEL
Apr 20, 2003

Look what the tide brought in

Venice Beach, Fla., and the sun is hot and strong. Most tourists are simply lounging on the sand turning various shades of furious red or "Baywatch" bronze. A few are chucking Frisbees or checking out the babes.
BUSINESS
Apr 15, 2003

New condos in Tokyo fell in March

The number of new condominiums put on sale in the Tokyo metropolitan area in March totaled 9,566 units, down 11.5 percent from a year earlier, the Real Estate Economic Institute said Monday.
Japan Times
JAPAN
Apr 12, 2003

Odaiba beach not even safe for sewer rats to dip in

It's Tokyo's premier beach -- a strip of wave-washed sand carefully constructed more than a decade ago in a multibillion yen project to give the sprawling capital an ultramodern waterfront.
BUSINESS
Apr 11, 2003

Takashimaya swings to net profit

Takashimaya Co. said Thursday its group net balance swung into the black for the year to Feb. 28 but that its consolidated revenue and pretax profit dropped due to continued economic stagnation.
BUSINESS
Apr 8, 2003

IPOs in Japan slide by almost one-third

A total of 124 Japanese companies went public in fiscal 2002, down from 174 the previous year, owing mainly to sluggish stock markets, according to a report released Monday by UFJ Tsubasa Research Institute Ltd.
EDITORIALS
Apr 2, 2003

A timely resignation

It's deja vu all over again. Yet another lawmaker has fallen into disgrace over money scandals. On Monday Mr. Tadamori Oshima, the minister of agriculture, fisheries and forestry, resigned his post in order to take responsibility for the alleged graft and misuse of campaign funds by his former secretaries....
COMMENTARY
Mar 31, 2003

Win the peace with Muslims after the war

LOS ANGELES -- Location, in politics as well as in real estate, is almost everything. When British Prime Minister Tony Blair came calling on U.S. President George W. Bush, America's foremost ally raised with Washington the tender issue of repairing badly damaged relations with America's "old Europe"...

Longform

Dangami House is a 180-year-old former samurai residence of the Kato clan, who ruled over Ozu, Ehime Prefecture, until the Meiji Restoration.
A house, a legacy and the quiet work of restoration in rural Japan