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BUSINESS
Sep 26, 2002

Aso rejects latest plan for RCC to pay more

A key LDP policymaker balked Wednesday at a proposal to allow the state-run Resolution and Collection Corp. buy collateral-backed bad loans at effective book value.
BUSINESS
Sep 20, 2002

Land prices down for 11th year

Land prices in Japan fell in the 12-month period to July 1 for the 11th consecutive year, showing larger margins of decline than in the previous year for both residential and commercial properties, according to a government study released Thursday.
BUSINESS
Sep 19, 2002

BOJ eyes unprecedented purchase of stocks from ailing banks

In a surprise break with market principles, the Bank of Japan said Wednesday that it is considering purchasing stocks held by the nation's most troubled banks, effectively bolstering their financial standing and stock prices at its own expense.
BUSINESS
Sep 18, 2002

BOJ starts high-pressure policy meeting

The Bank of Japan began a two-day policy meeting Tuesday amid growing calls by the government and the ruling coalition that it further ease credit to overcome deflation.
BUSINESS
Sep 13, 2002

Supply of new Tokyo condos jumps 42.1%

The number of new condominiums put on sale in the Tokyo metropolitan area in August jumped 42.1 percent over the previous year to 4,715, a record high for the month, the Real Estate Economic Institute said Thursday.
COMMENTARY / World
Sep 11, 2002

Once again at ground zero

LOS ANGELES -- Japan is once again at a historical tipping point, what could be called a political ground zero. Japan has been at ground zero two other times in its modern history and both times the outcome was not pretty.
JAPAN
Sep 7, 2002

Obuchi kin fined over tax evasion

The widow, daughter and two other relatives of late Prime Minister Keizo Obuchi have been fined a total of 15 million yen for failing to declare income of more than 60 million yen, sources close to the case said Friday.
JAPAN
Sep 7, 2002

Aomori seeks help on swindled cash

Aomori Gov. Morio Kimura on Friday asked the Foreign Ministry to help the prefecture reclaim money that a former employee of a public housing corporation allegedly embezzled and gave to his Chilean wife.
BUSINESS
Sep 6, 2002

Toyota top income earner for third consecutive year

Toyota Motor Corp. remained Japan's top taxable income earner in fiscal 2001, dominating the nation's top 50 businesses for the third year in a row, according to a list released Thursday by the National Tax Agency.
MORE SPORTS
Sep 3, 2002

American bowler strikes it rich

JUNJI NODA Staff writer Hugh Miller had made plans for his wife's birthday on Sept. 4. He was supposed to take part in the four-day Dream Bowl 2002 Match Play Tournament in Yokohama and fly home just in time to be with his wife, Donna.
BUSINESS
Aug 31, 2002

64 billion yen bailout saves Arai-Gumi

OSAKA -- Struggling general contractor Arai-Gumi Ltd. said Friday it has agreed with Konoike Construction Co. to form a capital and operational alliance, a move orchestrated by their main lender, Sumitomo Mitsui Banking Corp., to assist Arai-Gumi.
BUSINESS
Aug 24, 2002

SMBC eyes Arai-Gumi bailout move

Sumitomo Mitsui Banking Corp. is considering providing Arai-Gumi Ltd., a medium-size construction company, with a bailout worth billions of yen, sources close to the deal said Friday.
Japan Times
JAPAN
Aug 23, 2002

'Politically motivated' arrests slammed

The head of the public security department of the Osaka High Public Prosecutor's Office was arrested April 23 for allegedly being entertained to the tune of 280,000 yen by mobsters in return for providing internal information.
Japan Times
ENVIRONMENT
Aug 15, 2002

Concrete forests glimpsed through four trees

Mike was upset when he heard that four gingko trees on the corner of a lot he can see from his Setagaya Ward house in Tokyo were to be cut down. A developer is to build six cookie-cutter homes on the 600-sq.-meter plot.
Japan Times
ENVIRONMENT / WILD WATCH
Aug 15, 2002

Isolation spells survival in the Sea of Okhotsk

In penguinlike tuxedoed masses, the Tyuleni Island murres were standing in murmuring hordes, crowding the rock ledges of their remote breeding colony off the east coast of Sakhalin in the Sea of Okhotsk.
Japan Times
COMMUNITY
Aug 11, 2002

Chill out in Tokyo's favourite haunts

Sites of assassinations, murders and suicides; dark, dank tunnels and creepy old abandoned buildings; weird creatures, the stuff of legends whose origins are lost in the mists of time . . . Tokyo harbors dozens -- perhaps even hundreds -- of "ghost spots" where inexplicable, sinister phenomena have reputedly...
BUSINESS
Aug 10, 2002

Japan Telecom to sell off part of engineering unit

Japan Telecom Holdings Co. said Friday it has agreed to sell off part of an engineering subsidiary to Australian-based construction and real estate company Bovis Lend Lease Corp. in an effort to concentrate on its core telecommunications business.
BUSINESS
Jul 9, 2002

BIS calls for honesty in banking policy

The Bank for International Settlements on Monday issued a dire warning to Japan over the shaky position of its banking system, urging the government to explain to taxpayers that their money could again be needed to clean up the problem-loan situation.
JAPAN
Jul 2, 2002

Developer appeals ruling in Ishibashi Sangyo fraud case

Heo Young Joong, sentenced last week to seven years in prison for defrauding an oil materials sales company out of nearly 18 billion yen, filed an appeal Monday against the ruling.
JAPAN
Jun 29, 2002

Fixer sentenced to seven years for fraud

Real estate developer Heo Young Joong, a known fixer with ties to politicians and the underworld, was sentenced Friday to seven years in prison for bilking a Tokyo-based petroleum goods seller out of about 18 billion yen in 1996.
JAPAN
Jun 9, 2002

Rakuten eyes full shopping via mobiles

Rakuten Inc., operator of Japan's largest Internet shopping site, Rakuten Ichiba, plans to make its full online shopping service available on mobile phones by the end of the year, company officials said Saturday.
BUSINESS
Jun 8, 2002

Seibu to cut 15% of full-time jobs

Seibu Department Stores Ltd. plans to cut some 800 jobs, or about 15 percent of its full-time workforce of 5,300, by the end of March, company officials said Friday.
JAPAN
May 31, 2002

Prosecutors seek prison for Nakao

Prosecutors on Thursday sought a 3 1/2-year prison term for former construction minister Eiichi Nakao, claiming he took 60 million yen in bribes from Wakachiku Construction Co. while he was a Cabinet member in 1996.
BUSINESS / ON THE FRONT LINE
May 30, 2002

Global economic prospects remain shaky

The government declared earlier this month that the economy has bottomed out.
BUSINESS
May 28, 2002

Kumagai Gumi reports first profit in nine years

Kumagai Gumi Co. on Monday said it posted a net profit of 2.55 billion yen for the 2001 business year, the first time in nine years that black ink flowed onto its books.
BUSINESS
May 23, 2002

Odakyu Electric Railway sees black

Odakyu Electric Railway Co. said Wednesday it posted a group pretax profit of 29.41 billion yen in the 2001 business year, up 6.9 percent from the previous year, due to its strengthened management bases.
BUSINESS / ON THE FRONT LINE
May 23, 2002

Stocks climb, appear poised to top 12,000

Tokyo stocks are out of the doldrums and now appear poised to lift the Nikkei average back above 12,000, a level unseen for years.

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