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BUSINESS
Feb 8, 2002

Mitsubishi saw profit dive 45% in third quarter

Mitsubishi Corp. said Thursday its group net profit in the October-December period plunged 45.3 percent from a year earlier to 10.43 billion yen on operating revenue of 3.37 trillion yen, down 4.5 percent.
BUSINESS
Feb 7, 2002

Tokyu may inject capital into construction unit

Tokyu Corp. said Wednesday it may replenish the capital base of its subsidiary, Tokyu Construction Co., a major construction firm whose large losses threaten to disqualify it from bidding for major public works projects.
JAPAN
Feb 1, 2002

Cultist's term upheld for 1994 murder attempt

The Tokyo High Court on Thursday upheld a 12-year prison term handed down to an Aum Shinrikyo defendant for attempting to kill attorney Taro Takimoto with sarin gas in May 1994.
BUSINESS
Jan 30, 2002

Nissho Iwai to eliminate 5,000 jobs in restructuring

Major trading house Nissho Iwai Corp. on Tuesday announced a three-year restructuring plan featuring a cut of 5,000 jobs from its current consolidated workforce of 19,000.
BUSINESS
Jan 30, 2002

Daiei to sell position in Maruko

Struggling retailer Daiei Inc. said Tuesday it will sell all its shares in its wholly owned real estate subsidiary Maruko Inc. for 15.1 billion yen as part of its rehabilitation plan.
BUSINESS
Jan 25, 2002

Seibu may shut five bleeding stores

Seibu Department Stores Ltd. is considering closing down about five loss-making outlets in rural areas over the next three years, company sources said Thursday.
BUSINESS
Jan 24, 2002

Tertiary activity up after five months

Activity in Japan's tertiary industries rose 1.7 percent in November over the previous month for the first gain in five months, thanks to higher consumer spending on amusement and recreation, the Ministry of Economy, Trade and Industry said Wednesday.
COMMUNITY
Jan 20, 2002

Tandoori meets takoyaki in Kansai's Little India

KOBE -- The port city of Kobe, with the largest concentration of Americans and Europeans in the Kansai region, a few of whom have lived in Japan since the Taisho Era (1912-1926), has long been known as one of Japan's most Westernized cities.
COMMUNITY
Jan 20, 2002

Kabukicho: where worlds collide

About 1 a.m. on the morning of Sept. 1, 2001, a fire of undetermined origin swept through the No. 56 Myojo Building in Shinjuku's Kabukicho district, resulting in the deaths of 44 people on the upper two floors. While investigators say they have ruled out arson, stories in the tabloid press continue...
BUSINESS
Jan 17, 2002

BOJ OKs new ways to help economy

The Bank of Japan on Wednesday approved new ways of feeding vast amounts of money into the economy while keeping its monetary policy unchanged.
EDITORIALS
Jan 14, 2002

Relief step best left unused

Banks were once regarded as a symbol of financial security. People deposited money with banks, confident that it would be fully protected. Bank failure was simply out of the question. The myth of the "invincible bank" collapsed following the burst of the economic bubble a decade ago. Now depositors know...
BUSINESS
Jan 13, 2002

Credit union set to fight FSA insolvency ruling

The Financial Services Agency declared Saturday Eitai Credit Union insolvent, legally forcing it to begin insolvency proceedings under the Deposit Insurance Law, FSA sources said.
BUSINESS
Jan 10, 2002

Sanwa, three other banks look at bailing out struggling Daiei

Sanwa Bank and three of Daiei Inc.'s other creditor banks are considering a bailout package for the struggling supermarket chain, including debt forgiveness and a debt-for-equity swap, as one of "many options," a Sanwa Bank spokesman said Wednesday.
JAPAN
Jan 7, 2002

Consumption tax hike ruled out

The secretary general of the Liberal Democratic Party ruled out a possible consumption tax hike Sunday, calling it "politically impossible for the time being."
COMMENTARY
Jan 1, 2002

New national goal for Japan

The Sept. 11 terrorist attacks and subsequent developments have brought home to Japan a critical challenge it faces in the post-Cold War world: Establishing a new national goal and designing a national strategy geared to international cooperation.
BUSINESS
Dec 19, 2001

No trading for ministers, Fukuda says

The government has formally decided to give up a controversial proposal to remove a 12-year ban on Cabinet ministers engaging in stock transactions, Chief Cabinet Secretary Yasuo Fukuda said Tuesday.
BUSINESS
Dec 12, 2001

Deregulation measures target health and labor

Japan should seek early deregulation in six priority areas, including health care, to build a consumer-friendly society and revive the faltering economy, a government advisory panel on deregulation said Tuesday.
BUSINESS
Dec 12, 2001

Gist of deregulation steps

The following is a summary of key deregulation measures proposed Tuesday in a report drafted by the Council for Regulatory Reform, a 15-member panel consisting of academics and business leaders:
BUSINESS
Dec 7, 2001

Lack of urgency widens stock market schism

New York share prices shot up Wednesday, surprising players on the Tokyo market.
BUSINESS / ON THE FRONT LINE
Dec 5, 2001

Stock rally may be corporate red herring

A stream of disappointing corporate profit reports has thus far failed to spur extensive selloffs on the Tokyo stock market.
BUSINESS
Dec 4, 2001

Tokyu posts 47.5% drop in profits

Railway operator Tokyu Corp. said Monday its consolidated pretax profit dropped 47.5 percent in the fiscal first half to Sept. 30 as its mainstay rail business shrank.
JAPAN
Nov 29, 2001

Three nabbed in security van theft

OSAKA -- Three men have been arrested on suspicion of being involved in an attack on a security van in the prefecture and the theft of 50 million yen from it in September, according to police.
COMMENTARY / World
Nov 29, 2001

Lee Teng-hui on a mission to save his vision of Taiwan

NEW YORK -- Taiwan will hold an election Saturday to choose members of the national Parliament, mayors and county magistrates. The outcome will have a lasting impact on Taiwan's future -- in particular on its relationship with China.
EDITORIALS
Nov 29, 2001

Banks come to grips with bad debts

After years of timid attempts to clear mountains of nonperforming loans, Japanese banks appear to be finally coming to grips with the bad-debt crisis. In the half-year business term to September, most of the 14 top lenders took larger-than-expected charges against their dud loans, even dipping into their...
BUSINESS
Nov 27, 2001

Major banks brace for loan writeoffs

All but two of the nation's 14 major banks fell into the red during the first six months of this business year, together setting aside a hefty 2.7 trillion yen in loan-loss reserves to cushion the potential impact from nonperforming loans.
BUSINESS
Nov 27, 2001

Major banks brace for loan writeoffs

All but two of the nation's 14 major banks fell into the red during the first six months of this business year, together setting aside a hefty 2.7 trillion yen in loan-loss reserves to cushion the potential impact from nonperforming loans.
Japan Times
JAPAN
Nov 24, 2001

South Korean author protests mayor's 'sangokujin' remark

When Shinjuku Ward Mayor Takashi Onoda referred to "sangokujin" in a speech on Nov. 13, Shin Sugok could not believe it.
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
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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