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JAPAN
Jan 27, 2003

Industrial revitalization body to rebuild local firms

The government has decided that a planned state-backed industrial revitalization body will help rebuild large, heavily indebted firms in each region of Japan, government sources said Sunday.
BUSINESS
Jan 24, 2003

Tertiary industry activity continues downward slide

Tertiary industry activity fell 0.7 percent in November from October for the third consecutive monthly dip, the government said Thursday.
EDITORIALS
Jan 24, 2003

The next BOJ governor

The Bank of Japan's governor, Mr. Masaru Hayami, is to retire in late March when his five-year term expires. At the moment, who will succeed him is a matter of speculation. There is no question, however, that the next governor will face the same difficult challenge that has confronted the outgoing governor:...
JAPAN
Jan 21, 2003

People in advanced years opting for music lessons

A growing number of middle-aged and elderly people are turning their attention to playing musical instruments in their retirement years.
BUSINESS
Jan 17, 2003

Tokyo condominium supply, prices slip further

There were 88,516 new condominiums put up for sale in the Tokyo metropolitan area in 2002, topping 80,000 for the fourth consecutive year, the Real Estate Economic Institute said Thursday.
JAPAN
Jan 9, 2003

Six men arrested over 2001 slaying

Six men, including a senior member of a religious organization, were arrested Wednesday alleged involvement in the slaying of a 70-year-old real estate agent in Tokyo, according to sources.
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.

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji