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JAPAN
Jan 8, 2003

Court-ordered property auctions moving to Net

Information on properties up for public auction, currently only accessible at individual courthouses arranging the sales, will be posted on the Internet, Supreme Court officials said Tuesday.
Japan Times
BUSINESS
Jan 7, 2003

Maker of stylus-free record player has got his groove back

SAITAMA -- His friends backed him up 15 years ago when he left his lofty position at one of the world's largest electronics makers and ended up at a small audio manufacturer. But when he decided to pursue a piece of analog equipment seemingly destined to die in an increasingly digital world, they wrote...
CULTURE / TV & Streaming / CHANNEL SURF
Jan 5, 2003

Staging stellar shows at bargain prices

As the commercial networks wind up their holiday offerings of low-budget blooper specials and celebrity-heavy quiz shows, regular programming slowly returns. However, things don't really get back to "normal" until next week.
JAPAN
Jan 3, 2003

Ishihara's first term gets mixed review

Outspoken Tokyo Gov. Shintaro Ishihara is one of the most talked-about politicians in Japan today, often mentioned by the media as a possible future prime minister.
Japan Times
CULTURE / Art / NEW ART SEEN
Jan 1, 2003

So you thought '02 was good? Well, there's Mori to come

It looks, at first glance, like a refreshing case of "out with the old, and in with the new": In late 2002 the Tokyo art community bade a teary goodbye to its Mecca, when the falling-down old Sagacho building, home for years to some of Japan's most progressive gallery spaces, finally closed its doors...
COMMENTARY / JAPAN IN THE GLOBAL ERA
Dec 16, 2002

Sicily's sobering message for grandparents

SYRACUSE, Sicily -- Sicily is an ideal place to ponder the fate of civilizations and to reflect on the future. This island off the boot of Italy, with a population of 5 million, has been a crossroads of civilizations for almost three millennia. The Greeks, Romans, Saracens, Normans, Catalans, French,...
BUSINESS
Nov 28, 2002

Orient plans to liquidate four more subsidiaries

Struggling consumer credit firm Orient Corp. said Wednesday it will liquidate four more financial subsidiaries to bolster the rehabilitation efforts of the parent company.
Japan Times
JAPAN
Nov 28, 2002

Hachiyo chief held over fraud

Police on Wednesday arrested Osamu Tadokoro, former honorary chairman of health food firm Zenkoku Hachiyo Butsuryu (Hachiyo), and 13 of its former employees for allegedly defrauding investors out of some 70 million yen by promising them their money would grow within a certain period.
BUSINESS
Nov 26, 2002

Seiyu to sell financing unit to Lone Star

Major supermarket chain Seiyu Ltd. said Monday it will sell Tokyo City Finance Co. to the U.S. investment fund Lone Star Group on Friday.
Japan Times
JAPAN / INTERNATIONAL RATIONALE
Nov 23, 2002

Recession opens lucrative doors for foreign lawyers

Hideo Norikoshi was 10 years into his diplomatic career when a partner at a British law firm offered him a chance to throw it all away and study law in England.
BUSINESS
Nov 20, 2002

Monetary policy to go unchanged

As stock prices continue to slide, the Bank of Japan made a rare announcement Tuesday that it will flood the market with yen to the limit of its current policy.
BUSINESS
Nov 18, 2002

British law firm capitalizes on thirst for global tools, investment advice

Despite Japan's much-publicized economic problems, independent financial advisers Towry Law are "very pleased" with the performance of their Japan operations, according to John Simmonds, managing director of the Britain-based company.
BUSINESS
Nov 16, 2002

Fewer bankruptcies but high liabilities left behind

The number of corporate bankruptcies fell in October from a year earlier for the third straight month, but the amount of liabilities left by failed firms was at the second-highest level for October in the postwar period, credit research agency Teikoku Databank Ltd. said Friday.
BUSINESS
Nov 15, 2002

Nippon Yusen's profit sinks 50% as deflated assets sold

Nippon Yusen K.K., the nation's biggest shipping firm, said Thursday its group net profit slid 49.7 percent in the fiscal first half to Sept. 30 from a year earlier to 7.79 billion yen.
Japan Times
LIFE / Lifestyle / JET STREAM
Nov 15, 2002

Perfectly at home with the local culture

Fame comes easy to Doug Brittain, a four-year resident of Sado Island in Niigata Prefecture. Last August, the 28-year-old assistant language teacher became the grand champion in the island's annual Akadomari Sumo tournament.
Japan Times
COMMUNITY / CLOSE-UP
Nov 3, 2002

A 'young blood' at Yokohama's helm

Hiroshi Nakada shocked the nation in March when, at the age of 37, he was elected as the mayor of Yokohama, beating 72-year-old Hidenobu Takahide. Takahide, who died in August, ran the city for 12 years and was backed in the election by the ruling coalition and the opposition Social Democratic Party....
BUSINESS
Nov 2, 2002

Targets for debt ratios to be part of rescue deal

The government is considering setting debt-ratio targets that companies in danger of folding will be required to meet before getting government help securing further financing, Economy, Trade and Industry Minister Takeo Hiranuma said Friday.
EDITORIALS
Nov 2, 2002

A disappointing economic package

The economic package that the government unveiled on Wednesday, together with the Bank of Japan's decision to expand the credit supply, represents a concerted attempt to fight deflation. The comprehensive program includes measures to accelerate disposal of bad bank loans, help rebuild debt-heavy but...
JAPAN
Nov 1, 2002

7 1/2-year sentence upheld for Heo

OSAKA -- The Osaka High Court on Thursday upheld a 7 1/2-year prison term and 500 million yen fine for an Osaka-based South Korean real-estate developer for his involvement in the collapse of trading house Itoman Corp.
COMMENTARY / THE VIEW FROM NEW YORK
Oct 13, 2002

Beijing stymies Pyongyang experiment

HONG KONG -- Pyongyang-Beijing ties used to be characterized as being "as close as lips and teeth," but that phrase no longer applies to the relationship. For no sooner does North Korea arouse deep Japanese public outrage with its prevarication over past abductions than the isolated Stalinist state provokes...
EDITORIALS
Oct 3, 2002

Challenges for Mr. Takenaka

The reshuffled Cabinet of Prime Minister Junichiro Koizumi has a powerful economic portfolio that may well be described as "deputy prime minister for economic affairs." As state minister in charge of economic and fiscal policy as well as financial affairs, Mr. Heizo Takenaka is now the de facto economic...
BUSINESS
Sep 27, 2002

Private-sector salaries decline for fourth year

The average annual salary for workers in the private sector was 4.54 million yen last year, posting a decline for the fourth consecutive year, the National Tax Agency said Thursday.
BUSINESS
Sep 26, 2002

Aso rejects latest plan for RCC to pay more

A key LDP policymaker balked Wednesday at a proposal to allow the state-run Resolution and Collection Corp. buy collateral-backed bad loans at effective book value.
BUSINESS
Sep 20, 2002

Land prices down for 11th year

Land prices in Japan fell in the 12-month period to July 1 for the 11th consecutive year, showing larger margins of decline than in the previous year for both residential and commercial properties, according to a government study released Thursday.
BUSINESS
Sep 19, 2002

BOJ eyes unprecedented purchase of stocks from ailing banks

In a surprise break with market principles, the Bank of Japan said Wednesday that it is considering purchasing stocks held by the nation's most troubled banks, effectively bolstering their financial standing and stock prices at its own expense.
BUSINESS
Sep 18, 2002

BOJ starts high-pressure policy meeting

The Bank of Japan began a two-day policy meeting Tuesday amid growing calls by the government and the ruling coalition that it further ease credit to overcome deflation.
BUSINESS
Sep 13, 2002

Supply of new Tokyo condos jumps 42.1%

The number of new condominiums put on sale in the Tokyo metropolitan area in August jumped 42.1 percent over the previous year to 4,715, a record high for the month, the Real Estate Economic Institute said Thursday.
COMMENTARY / World
Sep 11, 2002

Once again at ground zero

LOS ANGELES -- Japan is once again at a historical tipping point, what could be called a political ground zero. Japan has been at ground zero two other times in its modern history and both times the outcome was not pretty.
JAPAN
Sep 7, 2002

Obuchi kin fined over tax evasion

The widow, daughter and two other relatives of late Prime Minister Keizo Obuchi have been fined a total of 15 million yen for failing to declare income of more than 60 million yen, sources close to the case said Friday.

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