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Japan Times
LIFE / Travel
Dec 12, 2003

'Land of Fire' with history burning in its mokkosu heart

Few things puff up local pride like a local hero. Sendai dotes on its "One-Eyed Dragon," warrior Date Masamune. Kagoshima loves its plump 19th-century rebel Saigo Takamori. And Kumamoto adores its old daimyo lord Kato Kiyomasa.
BUSINESS / FRONT-RUNNERS
Dec 9, 2003

Purifier firm had rough patch but overall well-oiled

After facing bankruptcy less than five years ago, Sanmi Corp. has fought back to become the nation's leading producer of oil purifiers for power plants and home appliance companies, according to its president, Hisayoshi Tamaru.
BUSINESS
Dec 4, 2003

Survey finds firms short of manpower

Companies short of manpower in November outnumbered those with too many workers for the first time in almost six years.
EDITORIALS
Dec 4, 2003

Returning a bank to health

The collapse of Ashikaga Bank, a major regional bank in Tochigi Prefecture, shows that Japan's debt-heavy banking system is not yet out of the woods. The government, which has nationalized the bank temporarily, is expected to provide a cash injection of more than 1 trillion yen. The bank will be sold...
Japan Times
BUSINESS
Nov 28, 2003

Sumitomo Mitsui unit seeks another bailout

Sumitomo Mitsui Construction Co. said Thursday it will seek yet another bank bailout as it slid into negative net worth of 33 billion yen during the fiscal first half.
JAPAN
Nov 25, 2003

Temple seeks special-zone status to ease its regulatory binds

Temple University Japan is seeking government designation as a special deregulation zone entity in a bid to make itself more attractive to students, according to its dean.
EDITORIALS
Nov 24, 2003

Between a rock and a hard place

China continues to grow at a blistering pace. It is emerging as one of the drivers of the global economy, sucking in exports from its neighbors and providing returns for investors. Increasingly, however, there are concerns that China is overheating: Growth is bound to stall as the business cycle asserts...
Japan Times
BUSINESS
Nov 24, 2003

East Asia needs a stable yuan: banker

Despite mounting international pressure for revaluating the yuan, a sharp fluctuation in the currency would only destabilize the Chinese economy, whose rapid expansion has aided not only Asian growth but global growth as well, a Chinese banker told a recent symposium in Tokyo.
Japan Times
JAPAN
Nov 22, 2003

'Remorseful' Nakao's bribery sentence cut by two months

The Tokyo High Court on Friday reduced the prison sentence handed to former Construction Minister Eiichi Nakao for taking 60 million yen in bribes from Wakachiku Construction Co. in 1996.
BUSINESS
Nov 8, 2003

Economic assessment raised on business confidence boom

The government upgraded its assessment of the economy after business confidence in Japan improved significantly in the July-September period from the previous quarter.
BUSINESS
Nov 7, 2003

Bad loans at major banking groups decline 13%

The combined balance of bad loans at the seven major banking groups appears to have dropped by 13 percent to 18.1 trillion yen during the six months to Sept. 30, according to banking sources.
BUSINESS
Nov 1, 2003

IRCJ to have another crack at Mitsui Mining

The Industrial Revitalization Corp. of Japan announced Friday it will bail out Mitsui Mining Co. after all, saying the firm's revised restructuring plan can work.
BUSINESS
Oct 30, 2003

Daiei rehab plan features asset sales, banking help

The proposed rehabilitation of Daiei Inc.'s Fukuoka hotel, ballpark and baseball business will feature the sale of assets and financial assistance from the supermarket giant's six main banks, sources connected with the plan said Wednesday.
JAPAN
Oct 29, 2003

Sogo chairman told to pay up

The former chairman of failed department store chain Sogo Co. was handed a court order Tuesday to pay some 12.7 billion yen to Mizuho Corporate Bank in his capacity as a guarantor for a loan extended to a Sogo outlet that later turned sour.
COMMUNITY / How-tos / LIFELINES
Oct 28, 2003

Skin care, leases and illegal tax

Skin problems NWW asks "where can I find an English-speaking dermatologist or specialist clinic in Tokyo area?"
JAPAN
Oct 28, 2003

Nakasone to quit after being sidelined by LDP

Former Prime Minister Yasuhiro Nakasone announced he will retire from politics after the Liberal Democratic Party decided Monday not to include him in a party proportional representation list for the upcoming general election.
Japan Times
JAPAN / INTERNATIONAL RATIONALE
Oct 25, 2003

Narita airport prepares for battle with Asian hubs

NARITA, Chiba Pref. -- When Masatoshi Uchida joined New Tokyo International Airport Authority, the quasi-governmental organ that operates Narita airport, in 1977, he never dreamed he'd end up selling Hermes goods.
BUSINESS
Oct 22, 2003

Surging ad revenues boost Yahoo Japan profits

Major Internet portal site operator Yahoo Japan Corp. said Tuesday its group net profit for the fiscal second quarter more than doubled to 5.91 billion yen, powered by record advertising revenue.
EDITORIALS
Oct 16, 2003

New banking hope for small firms

It appears that small-business banking in Japan is about to enter a new era. In May, the Tokyo metropolitan government unveiled a plan to create a new bank to serve smaller businesses. Now, members of the Japan Junior Chamber are pushing a similar plan. In August, they applied for permission from the...
BUSINESS
Oct 2, 2003

Mycal rehab plan earns court OK

Mycal Corp., a failed supermarket chain undergoing court-mandated rehabilitation, announced Tuesday that its rehabilitation plan has been approved by the Tokyo District Court.
BUSINESS
Sep 17, 2003

New condo supply in Tokyo up 16%

A total 5,493 new condominiums went on sale in the Tokyo metropolitan area in August, up 16.5 percent from a year earlier and a record for that month, Real Estate Economic Institute Co. said Tuesday.
Japan Times
BUSINESS / FRONT-RUNNERS
Sep 9, 2003

'Yakiniku' chain weathers hike in beef tariff

The fallout from the Aug. 1 tariff increase on beef has not yet reached the nation's largest "yakiniku" grilled-beef restaurant chains.
JAPAN
Sep 7, 2003

Daiei seeks IRCJ's assistance to revive Fukuoka operations

Struggling retailer Daiei Inc. has sought assistance from a governmental corporate revival body in the reconstruction of its baseball operations and real estate business in Fukuoka, sources close to the case said Saturday.
COMMUNITY / Our Lives / JAPAN LITE
Sep 6, 2003

Drawing the line at the gentle bovine

Did you know that there's a dairy farm in Tokyo? Forty bovine residents live in Nerima Ward, where the city grew up around the Koizumi Bokujo diary farm. I myself, would be honored to have mooing neighbors. Especially as opposed to arguing spouses, screaming children and washing machines that start at...
BUSINESS
Sep 2, 2003

IRCJ opts to bail out ailing Mitsui Mining

The Industrial Revitalization Corp. of Japan announced Monday that it has decided to bail out Mitsui Mining Co. under its resuscitation program.
BUSINESS
Aug 27, 2003

IRCJ plans to aid Mitsui Mining Co.

The Industrial Revitalization Corp. of Japan plans to assist Mitsui Mining Co. under its rescue program, sources said Tuesday.
COMMENTARY
Aug 24, 2003

Beijing betting that a better economy will calm restless Hong Kong democrats

HONG KONG -- China's strategy for dealing with the political situation in Hong Kong in the aftermath of the massive rallies last month -- when more than half a million people took to the streets -- is two-pronged: On one hand, Beijing is waging a massive economic campaign to prop up the Hong Kong economy....

Longform

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