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BUSINESS
Nov 21, 2002

Oji Paper profit soars on cost cuts

Oji Paper Co. said Wednesday its group net profit for the first half to Sept. 30 soared 926.9 percent from a year earlier to 5.97 billion yen, due largely to cost cuts.
BUSINESS
Nov 21, 2002

Citizen Watch has healthy first half

Citizen Watch Co. said Wednesday its group net profit for the first half to Sept. 30 surged 229.9 percent from a year earlier to 2.87 billion yen despite a 7.4 percent decline in sales to 154.79 billion yen.
BUSINESS
Nov 20, 2002

UFJ may integrate bank operations

The UFJ financial group may integrate the banking operations of UFJ Bank and UFJ Trust Bank by around January 2005, group officials said Tuesday.
JAPAN
Nov 20, 2002

Lower House OKs privatization bills

The House of Representatives passed bills Tuesday to turn 49 special-purpose public corporations into independent or privatized entities.
JAPAN
Nov 20, 2002

Nicos president quits consumer credit group

Yoji Yamada, president of Nippon Shinpan Co., resigned Tuesday as chairman of the Japan Federation of Consumer Credit Companies to take responsibility for a racketeer-related scandal at his company.
BUSINESS
Nov 19, 2002

Asia Global Crossing selects buyer

Financially troubled Asia Global Crossing Ltd. will sell its business and assets to Asia Netcom Corp., a planned joint venture to be set up by a group of investors, Asia Global Crossing's Japanese unit said Monday.
EDITORIALS
Nov 19, 2002

Mr. Hu at the pinnacle of power

Now that the Chinese Communist Party has completed a smooth leadership transition, the world is watching how Mr. Hu Jintao, the new party chief, will navigate his one-party socialist state of 1.3 billion people through the treacherous waters of globalization. Predicting his future course is complicated...
JAPAN
Nov 19, 2002

Nicos failed to sever 'sokaiya' ties

Nippon Shinpan Co., mired in allegations that its executives paid off a racketeer to expedite proceedings at the firm's general shareholders' meetings, had failed to sever ties with a number of racketeers in the late 1980s, a former company executive said Monday.
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.
CULTURE / Books / THE ASIAN BOOKSHELF
Nov 17, 2002

Year of the dragon

DRAGON DANCE, by Peter Tasker. Kodansha International, 2002, 272 pp., $22.95 (cloth) After beating Tokyo's mean streets in "Silent Thunder" (1992) and "Buddha Kiss" (1997), Peter Tasker's Tokyo gumshoe Kazuo Mori finally hit his literary stride in 1999 with "Samurai Boogie" -- one of the most entertaining...
JAPAN
Nov 17, 2002

Shinsei Bank faces fine over tax on bond interest

Shinsei Bank failed to withhold 3 billion yen in the late 1990s for income tax payments on interest paid to clients overseas, sources close to the case said Saturday.
EDITORIALS
Nov 17, 2002

A green light for ivory merchants

Japan said nothing in the runup to the 12th Conference of the Parties to the U.N. Convention on International Trade in Endangered Species (CITES), the 160-nation forum that met in Chile last week to reconsider, among other things, the 13-year-old ban on ivory sales. It didn't have to, really. Everyone...
Japan Times
BUSINESS / INDUSTRY TRENDS
Nov 16, 2002

'Oden' is secret weapon in 24-hour stores' war for customers

For many modern urban residents, the typical harbinger of winter is the smell of "oden" steaming on the convenience store counter.
BUSINESS
Nov 16, 2002

JAL group operating profit dropped 26.7% in first half

Japan Airlines Co. said Friday its group operating profit for the first half of the business year fell 26.7 percent on a year-on-year basis to 28.55 billion yen.
EDITORIALS
Nov 16, 2002

A shadow over the U.S. economy

Prospects for the U.S. economy look increasingly uncertain, and not only for cyclical reasons. Although third-quarter GDP increased at an annual rate of over 3 percent, posting four straight quarters of expansion, there are signs that consumers are beginning to tighten their purse strings. In October,...
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.
COMMENTARY / World
Nov 15, 2002

Trade pact could trap ASEAN into state of irrelevance

HONOLULU -- Supporters of the ASEAN-China Free Trade Area (ACFTA) argue that numbers tell the story. And indeed, they do.
BUSINESS
Nov 15, 2002

Sharp to make solar systems in U.S.

OSAKA -- Sharp Corp. said Thursday it will start producing solar-power generation systems in the United States next spring, marking its first overseas production of the systems.
BUSINESS
Nov 14, 2002

MHI net balance returns to black

Mitsubishi Heavy Industries Ltd. said Wednesday its group net balance in the first half to Sept. 30 returned to the black, thanks mainly to a sizable decrease in latent losses on securities holdings.
Japan Times
JAPAN / AT THE JUNCTION
Nov 14, 2002

Ailing expressway entities' fate hangs in balance

A showdown looms between advocates of reform and vested interests.
COMMENTARY / World
Nov 14, 2002

SEC's post-Enron reforms pose challenge for Japanese multinationals

NEW YORK -- As if Japan's corporate sector didn't have problems with long-term economic deterioration and deflation, the stock market disaster and nonperforming loans, the U.S. Securities and Exchange Commission has added another headache. The issue at hand is the extent to which Japanese companies will...
BUSINESS
Nov 13, 2002

Yamato net profit jumps 16.7%

Yamato Transport Co. said Tuesday its group net profit in the first half rose 16.7 percent to 13.92 billion yen.
Japan Times
BUSINESS
Nov 13, 2002

Analysts skeptical over 'industrial revival body'

It might work. But probably not.
JAPAN
Nov 13, 2002

FTC orders four road firms to stop fixing contract bids

The Fair Trade Commission ordered four firms closely linked to Japan Highway Public Corp. on Tuesday to stop rigging bids for road maintenance work ordered by the corporation.
BASEBALL / MLB
Nov 13, 2002

Cabrera stealing Matsui's thunder so far

OSAKA -- Seibu Lions slugger Alex Cabrera tied the Japanese record for home runs in a single season, and next season, he thinks he'll reach No. 56.
BUSINESS
Nov 13, 2002

Diet panel to summon bank chiefs

A key Diet panel will summon the presidents of the nation's four major banking groups and the chiefs of banking industry bodies to testify on the bank shakeup plan devised by Financial Services Minister Heizo Takenaka, lawmakers said Tuesday.
BUSINESS
Nov 12, 2002

Nikon logs big group net loss in first half

Major optical equipment maker Nikon Corp. announced Monday it posted a group net loss of 3.48 billion yen for the first half of the business year due to the slump in the semiconductor market and restructuring costs.

Longform

Figure skater Akiko Suzuki was once told her ideal weight should be 47 kilograms, a number she now admits she “naively believed.” This led to her have a relationship with food that resulted in her suffering from anorexia.
The silent battle Japanese athletes fight with weight