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May 10, 2025
 

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BASEBALL / MLB
May 11, 2002

Giants' utility man Crespo ready to do whatever it takes

If it were up to Felipe Crespo, he'd be chasing fly balls in the Tokyo Dome outfield. Somewhere -- left, right or center -- it doesn't matter.
JAPAN
May 8, 2002

Heo repeats not guilty plea in Itoman appeal

OSAKA -- Real-estate broker Heo Young Joong repeated his not guilty plea Tuesday before the Osaka High Court in the first hearing of his appeal against a district court ruling last year on a fraud case involving collapsed trading house Itoman Corp.
COMMENTARY / World
May 4, 2002

No end in sight to China's banking woes

While Japan's recession and its wobbly banks distract much of the world, the banking sector in China is in much worse shape. Xinhua News Agency has reported that central bank governor Dai Xianglong admits that nonperforming loans (NPLs) account for 26.6 percent of total lending by China's top four state-owned...
BUSINESS
Apr 28, 2002

Asahi Mutual eyes net profits in '01

Asahi Mutual Life Insurance Co. will likely secure the equivalent of a stock company net profit in the year to March 31 despite its plan to write off some 400 billion yen in latent stockholding losses, company sources said Saturday.
JAPAN
Apr 24, 2002

Nabbed prosecutor now probed for tax evasion

OSAKA -- The prosecutor arrested Monday on suspicion of fraud owns 16 real estate properties but has not declared at least 5 million yen in rent revenue, informed sources alleged Tuesday.
JAPAN
Apr 24, 2002

Itoman defendants' sentences upheld

OSAKA -- The Osaka High Court on Tuesday upheld prison sentences of up to 10 years for two executives of the now-defunct trading house Itoman Corp. for aggravated breach of trust and other charges.
EDITORIALS
Apr 16, 2002

Tip of the 'bad debt' iceberg

The results of special bank audits announced last week by the Financial Services Agency confirm that Japan's banking sector is still saddled with large amounts of bad debt. The message is that banks remain heavily exposed to the risks of default despite stepped-up efforts to improve the situation.
JAPAN
Apr 16, 2002

Ex-Daiwa Toshi president denies 2.9 billion yen scam

OSAKA -- Former Daiwa Toshi Kanzai President Hiroshi Toyonaga pleaded not guilty Monday to defrauding clients out of 2.9 billion yen through sales of securities by the failed mortgage-backed securities broker that were later found to be worthless.
JAPAN
Apr 13, 2002

FSA's bank probe sparks downgrades for large borrowers

The Financial Services Agency on Friday officially disclosed the results of its latest inspections of major banks, downgrading credit assessments of 71 of the banks' 149 large corporate borrowers.
BUSINESS
Apr 5, 2002

Asahi Mutual's new policy contracts see 17% increase

Struggling Asahi Mutual Life Insurance Co. said Thursday the number of new policy contracts in the 2001 business year is estimated to have grown 17 percent due to brisk sales of new products.
BUSINESS
Mar 29, 2002

Government experts butt heads over path to recovery

Discord is increasing between two key government panels debating whether to prioritize tax cuts or fiscal belt-tightening.
BUSINESS
Mar 28, 2002

Builder Haseko to get 150 billion yen loan bailout

Daiwa Bank and two other commercial lenders on Wednesday agreed to provide 150 billion yen in financial aid to embattled condominium builder Haseko Corp. through a debt-equity swap, Haseko announced Wednesday.
COMMENTARY
Mar 25, 2002

There's more to a name than meets the eye

As someone who has crossed the Pacific Ocean over 450 times since 1956, I am constantly fascinated by the similarities and differences between the United States and Japan. Among the challenges facing someone who lives in both societies is that what is so positive in one country can often be so negative...
Japan Times
COMMUNITY
Mar 24, 2002

How does your balcony garden grow?

If you're chafing about the city's dearth of green spaces, but you're blessed with a balcony, you could make your own garden. It could be your little contribution toward greening the city. If you haven't tried it before, you might be pleasantly surprised by how much joy a tiny space brimming with leaves...
BUSINESS
Mar 20, 2002

Daiei seeks government handout

As part of its rebuilding efforts, debt-saddled supermarket chain Daiei Inc. filed with the government Tuesday for tax breaks and other preferential treatment under the industrial rehabilitation law, government officials said.
BUSINESS / TAKING STOCK
Mar 19, 2002

Rally not just down to technical factors

Having slumped to 9,420.85 on Feb. 6, the 225-issue Nikkei average has been hovering around 12,000 in recent days.
COMMUNITY
Mar 17, 2002

Cathedrals of commerce, towers of power

The tall building radically reshaped the modern city, thrusting it upward in the decades around the turn of the 20th century, just as the automobile pushed it outwards between the world wars. The skyward trend began in the 1890s, when high-rise commercial buildings began replacing the six- and seven-story...
BUSINESS
Mar 15, 2002

New condos put on sale in Tokyo rose 16% in February

The number of new condominiums put on sale in the Tokyo metropolitan area logged a year-on-year rise of 16 percent in February, marking the first such increase in five months, the Real Estate Economic Institute said Thursday.
BUSINESS
Mar 15, 2002

Government considering tax cuts for fiscal 2002

The government may cut taxes in fiscal 2002, which starts April 1, instead of waiting until fiscal 2003 if the economy shows signs of worsening, officials said.
BUSINESS / ON THE FRONT LINE
Mar 14, 2002

Rally has put 12,000 in Nikkei's cross hairs

During the recent rally on the Tokyo Stock Exchange, the 225-issue Nikkei average broke the 11,000 resistance line.
BUSINESS
Mar 9, 2002

Sato Kogyo asks creditors for assistance

Failed construction firm Sato Kogyo Co. held on Friday the first meeting of its creditors, asking for help with its rehabilitation.
BUSINESS
Mar 7, 2002

Aoki identifies rehab sponsors

Bankrupt second-tier general contractor Aoki Corp. said Wednesday it has persuaded midsize general contractors Takamatsu Corp. and Komatsu Construction Co. to sponsor its court-led rehabilitation plan.
BUSINESS
Mar 4, 2002

Sato Kogyo files for bankruptcy

Debt-saddled Sato Kogyo Co. and eight of its subsidiaries filed for protection from creditors with the Tokyo District Court on Sunday under the Corporate Rehabilitation Law, becoming the second midsize general construction contractor to collapse in the three months since Aoki Corp. folded in December....
BUSINESS
Mar 3, 2002

Sato Kogyo to commence bankruptcy proceedings

Sato Kogyo Co., a midsize construction contractor with group liabilities estimated at more than 500 billion yen, has given up efforts to rehabilitate itself and will resort to legal bankruptcy proceedings, company sources said Saturday.
BUSINESS
Mar 2, 2002

Auction site to introduce new fees

Internet portal Yahoo Japan Corp. said Friday it will introduce new fees for its online auction service starting April 15.
Japan Times
JAPAN
Feb 28, 2002

Two held over stock price manipulation

The president of a management consultancy in Tokyo and a former brokerage employee were arrested Wednesday for allegedly manipulating the stock price of nonferrous metals manufacturer Shimura Kako Co. through illegal trading.
BUSINESS
Feb 28, 2002

Seibu to log 80 billion yen special loss

Seibu Department Stores Ltd. plans to post extraordinary losses of some 80 billion yen for its business year to Feb. 28 after liquidating a subsidiary and incurring capital losses, company sources said Wednesday.
COMMENTARY / JAPAN IN THE GLOBAL ERA
Feb 18, 2002

No surprise investors shun 'homely' Japan

LAUSANNE, Switzerland -- For a nation to be competitive in the global era, above all it has to be attractive. That, argues my colleague Stephane Garelli, author of the annual IMD World Competitiveness Yearbook (WCY), is the ultimate criterion in determining how nations compete in the global era. Attractiveness...
Global militaries to study India-Pakistan fighter jet battle
The Indian Air Force's Rafale fighter jets. India and Pakistan aircraft engaged in a dogfight on Wednesday.
Man admitted to 2025 Osaka Expo with 85-year-old ticket
The Osaka Expo, which opened last month, runs through mid-October.
In his first appearance, Pope Leo offers three big clues about his papacy
Newly elected Pope Leo XIV, formerly Cardinal Robert Prevost of the United States, appears on the balcony of St. Peter's Basilica at the Vatican on Thursday.
Japan stuck at starting line in tariff talks with U.S. as U.K. inks deals
Ryosei Akazawa, Japan’s top tariff negotiator, speaks to the press on Friday. Japan and the United States are still discussing what to negotiate.
Who could become Japan's next prime minister?
Clockwise from top left: Former economic security minister Sanae Takaichi, former economic security minister Takayuki Kobayashi, Finance Minister Katsunobu Kato and Chief Cabinet Secretary Yoshimasa Hayashi
With a new Shibuya studio, Apple Music bets big on Japan
Apple Music personalities (from left) Ebro Darden, Kentaro Ochiai, Zane Lowe and Mino came together for a special recording in late April to discuss music and celebrate the newly opened Apple Music studio in Tokyo.
Kazuki Nagasawa's sustainable designs are rooted in tradition
For centuries, artisans have unraveled strands of the fibrous bark of "shuro" trees to create a medley of everyday objects. Designer Kazuki Nagasawa is now transforming the traditional material into ethereal contemporary pieces.
SusHi Tech Tokyo 2025 expands to become one of Asia's largest startup events
SusHi Tech Tokyo 2025 was bustling with participants of various nationalities Thursday, and multiple languages could be heard around the room as many engaged in conversations throughout the day.
Celebrating Japan’s defeat at Shimoda’s Black Ships Festival
Tatsumi Onose (right), who plays the part of Commodore Matthew Perry in Shimoda's Black Ship Festival, says the historical episode the event is based on should be remembered for its positives more than its negatives.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Hanako Lowry

SUSTAINABLE JAPAN

Fujitsu crafts sustainable innovation for itself, society
Fujitsu crafts sustainable innovation for itself, society

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