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BUSINESS
May 20, 2003

Medical firm pins hopes on skin-graft technology

Masaharu Inami received a call in 1996 from a Nara doctor desperate to save the life of a 17-month-old girl who had fallen into a bathtub of boiling water and had been scalded over 65 percent of her body.
BUSINESS
May 20, 2003

Nissan units plan establishment of light-truck venture

Nissan Motor Co. and Nissan Diesel Motor Co. will set up a joint venture this fall to develop light trucks as part of their efforts to attain a bigger share of the global truck market, the automakers said Monday.
Japan Times
COMMUNITY
May 20, 2003

Foreign actors play it niche and simple

Robert Scott may be one of the hardest-working Westerners in Japanese show business. The native Southern Californian appears in a host of Japanese TV dramas and variety shows as well as radio programs. He's even acted in a Godzilla flick.
EDITORIALS
May 20, 2003

On the brink of another recession

Japan's economy appears on the brink of yet another recession -- the fourth in a decade. The nation's gross domestic product -- the total value of goods and services produced at home -- remained flat in real terms, not including price effects, in the first three months of the year, according to data...
BUSINESS / JAPANESE PERSPECTIVES
May 19, 2003

It's time to meet expectations by installing stock-market package

Japan managed to avoid the so-called March crisis as share prices picked up temporarily toward the end of the month. However, the stock market remained in a slump in April, with the Nikkei average dipping at one point to the 7,600 range.
Japan Times
COMMUNITY
May 18, 2003

Heavens above: a job from hell

Most reporters would have jumped at the assignment, with gusto.
CULTURE / Books / THE ASIAN BOOKSHELF
May 18, 2003

'Out' of the ordinary

OUT, by Natsuo Kirino. Kodansha International, 2003, 359 pp., 2,500 yen (cloth). Mystery novels and short stories, both original works and translated works, have a huge following in Japan. The flow of translations, however, is not entirely one way, but overwhelmingly favors English to Japanese. A scholar...
Japan Times
COMMUNITY
May 18, 2003

Bees in the honey pot

In the nation's political epicenter -- Nagatacho, in Tokyo's Chiyoda Ward -- cynics might be excused from regarding its most productive workers to be its honey bees.
JAPAN / Media / MEDIA MIX
May 18, 2003

Tama-chan's secret link to white-robed cultists

You have to hand it to Tama-chan. The superstar bearded seal has caused some lively public discussion about important social issues. Because of Tama-chan, people have started talking about the disgusting state of the country's rivers, the cavalierly cruel treatment of animals, the impact that rubber-stamped...
BUSINESS
May 17, 2003

Takenaka backs plan to cut insurers' guaranteed yields

Financial Services Minister Heizo Takenaka expressed support Friday for a government plan to submit a bill to the current Diet session that would allow life insurers to cut yields contractually guaranteed to policyholders.
BUSINESS
May 17, 2003

Kenwood effects dramatic comeback

Kenwood Corp. said Friday that it chalked up its first return to profitability in four years and a record group net profit.
BUSINESS
May 17, 2003

Fuji Heavy's profit tumbles 23.7%

Fuji Heavy Industries Ltd., maker of Subaru vehicles, reported Friday a consolidated operating profit of 67.52 billion yen for the year through March 31, down 23.7 percent from fiscal 2001.
BUSINESS
May 16, 2003

Corporate bankruptcies slide for fourth month

Corporate bankruptcies fell 7.7 percent in April from a year earlier to 1,514, down for the fourth consecutive month, Teikoku Databank Ltd. said Thursday.
BUSINESS
May 16, 2003

J-Pop helps Columbia Music out of seven years of red ink

Columbia Music Entertainment Inc., reviving itself under Ripplewood Holdings LLC, reported Thursday its first profit in seven years on a group operating basis.
BUSINESS
May 16, 2003

Mizuho action won't affect ratings

Standard & Poor's said Thursday that Mizuho Financial Group Inc.'s new corporate revitalization project will improve the soundness of the group's loan portfolio but will not trigger any immediate ratings action on its subsidiary banks.
Japan Times
BUSINESS
May 16, 2003

LDP ready to aid life insurers

The ruling coalition is ready to endorse a controversial draft bill that would allow troubled life insurance companies to reduce payouts promised to policyholders, the Liberal Democratic Party said Thursday.
BUSINESS
May 16, 2003

Nissho Iwai, Nichimen report net losses

Trading houses Nissho Iwai Corp. and Nichimen Corp., which integrated their management under a holding company April 1, reported Thursday sizable group net losses for fiscal 2002.
EDITORIALS
May 15, 2003

Deflation helps generate profits

Toyota Motor Corp. and Nissan Motor Co., two of Japan's leading manufacturing companies, chalked up record profits in the business year that ended March 31. Other major firms, including Honda Motor Co., also made their best showings in spite of falling prices. These results indicate that deflation is...
BUSINESS
May 15, 2003

Mizuho eyes borrower-revival units

Mizuho Financial Group Inc. said Wednesday it will form five financial affiliates specializing in reviving feeble corporate borrowers.
BASKETBALL / NBA / NBA REPORT
May 15, 2003

Perspective often a casualty after a big win or loss

LOS ANGELES -- Experience testifies it's not a particularly good idea to get bent out of shape by either alarming defeats or elating victories.
Japan Times
BUSINESS
May 15, 2003

Fast Retailing opens first food outlet

Fast Retailing Co., known for its Uniqlo brand of casual clothing, opened on Wednesday its first food outlet.
BUSINESS
May 15, 2003

Mitsubishi group net profit up 3%

Mitsubishi Corp.'s group net profit in fiscal 2002 rose 3.2 percent from the previous year thanks to strong results at its food and metal resources affiliates.
BUSINESS
May 15, 2003

MHI saw profit rise 30% in 2002

Mitsubishi Heavy Industries Ltd. said Wednesday that its group net profit jumped 29.8 percent in fiscal 2002 to 34.33 billion yen.
BUSINESS
May 15, 2003

Takenaka told to settle with ruling bloc on yield cuts

Prime Minister Junichiro Koizumi said Wednesday he has told Financial Services Minister Heizo Takenaka to try to resolve differences within the ruling bloc over whether to allow life insurers to cut yields guaranteed to policyholders.
Japan Times
LIFE / Travel / THEN AND NOW
May 15, 2003

Where the Tokaido left the town

Eastern Shinagawa, on the western side of central Tokyo, is fast being transformed from a decaying industrial area of warehouses and rail marshalling yards into a modern business hub. One step beyond the forests of shining new high rises, however, the area's history as an Edo Period post-station town...
BUSINESS
May 14, 2003

Nichirei sees net profit rise 28.4%

Nichirei Corp. said Tuesday its group net profit in fiscal 2002 rose 28.4 percent from the previous year, thanks to the strong performance of its processed food and food wholesale divisions.
EDITORIALS
May 14, 2003

A landmark trade deal for Asia

The United States and Singapore last week concluded a free-trade agreement, the first ever between the U.S. and an Asian nation. The deal has political and economic significance, and holds out both promise and peril. While the FTA reaffirms the U.S. commitment to Asia, it could also constitute a threat...
COMMENTARY / World
May 14, 2003

Higher oil prices need not doom a nation to inflation

UBUD, Indonesia -- With high and volatile oil prices, it appears that a rough road is ahead for those countries with currencies that have become weaker relative to the U.S. dollar. Perhaps one of the biggest concerns is that Taiwan, as an importer of oil, may face a new wave of inflationary pressures...
BUSINESS
May 13, 2003

IC tags may displace book bar codes

Publishers and bookstores are considering replacing bar codes on books with ultra-thin integrated circuits combined with flat antennas, called IC tags, to prevent shoplifting and facilitate market research.
BUSINESS
May 13, 2003

Financial panel agrees on need to help insurers

A government advisory panel on financial affairs agreed Monday on the need to aid troubled life insurers but was divided over a plan to allow them to cut yields guaranteed to policyholders.

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