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July 24, 2025
 

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BUSINESS / JAPANESE PERSPECTIVES
Jun 3, 2002

Balance of payments and intervention signal danger for economic reforms

Japan's international balance of payments for fiscal 2001, released by the Finance Ministry on May 15, highlighted a year-on-year fall in the trade and current account surpluses. But it also revealed a 24.4 percent increase in the nation's income surplus to a record-high 8.68 trillion yen.
Japan Times
LIFE / Food & Drink / VINELAND
Jun 2, 2002

Snobbery will not be permitted

Once upon a time, wine in Japan was a hushed affair, conducted with starched linens and stiff-backed chairs. Elusive first-growth Bordeaux and top Burgundy accompanied the tense, dutiful rituals of business negotiations. The mood was earnest; the cost high. It sometimes seemed as if the highly codified...
JAPAN
Jun 2, 2002

Fast Retailing, Daiei settle store-design row

Fast Retailing Co., a leading casual-clothing retailer known for its Uniqlo brand, and Daiei Inc. have reached an out-of-court settlement over a dispute involving the layout of Daiei's PAS casual clothing stores, company officials said Saturday.
Japan Times
LIFE / Food & Drink / TOKYO FOOD FILE
Jun 2, 2002

The slow train to France

To reach AOC Yoyogi entails an undemanding stroll down a narrow shotengai shopping street in one of those quiet, unexceptional parts of Tokyo you would never have recourse to visit in the normal run of affairs. It's only minutes away from the JR station, but far enough that you feel well removed from...
JAPAN
Jun 1, 2002

Japan scrapes the barrel after latest downgrade

Moody's Investors Service Inc. on Friday dealt a long-expected blow to Japan's credit rating, lowering it two notches to A2. The world's second largest economy and largest creditor nation is now in the same league as Cyprus, Greece and Israel.
BUSINESS
Jun 1, 2002

Japan, China need cooling-off period before launching cooling-off forum

When they met during an international business conference on the southern Chinese island of Hainan in March, Prime Minister Junichiro Koizumi and his Chinese counterpart, Zhu Rongji, agreed to inaugurate a high-level comprehensive forum for dialogue on economic topics.
BUSINESS / ON THE FRONT LINE
May 31, 2002

All signs point to 13,000

In a rare development in recent months, the daily turnover on the Tokyo Stock Exchange's first section topped 1 trillion yen on May 17 and stayed above this level on four of five trading days last week.
BUSINESS
May 31, 2002

Lower House takes up postal bills

The House of Representatives Committee on Public Management, Home Affairs, Posts and Telecommunications opened debate Thursday over a set of four postal services deregulation bills.
BUSINESS
May 31, 2002

Hakuhodo eyes TSE listing in fall

Toshio Miyagawa, president of advertising agency Hakuhodo Inc., said Thursday his company hopes to list on the first section of the Tokyo Stock Exchange in the fall. "Our aim to be listed next fall remains unchanged," Miyagawa told reporters during a briefing on Hakuhodo's earnings reports for fiscal...
COMMENTARY
May 30, 2002

Chirac chooses neutral team

PARIS -- Not so long ago, a majority of the EU members had leftist governments. Most have since shifted to the right, starting with Spain followed by Austria, Portugal, Italy, Denmark and, on May 16, the Netherlands -- despite very low unemployment figures under the Socialist Cabinet.
JAPAN
May 30, 2002

Morgan Stanley fund accused of tax evasion

A real-estate investment fund operated by the Morgan Stanley group of the U.S. allegedly failed to report 18 billion yen in Japanese income from the buying and selling of bad loans in 1999 and 2000, sources said Wednesday.
BUSINESS
May 30, 2002

Aozora expresses fear over foreign investment

Softbank Corp. may sell part of its stake in Aozora Bank, raising the possibility of a tussle should a leading stake fall into foreign hands, Aozora Bank President Hiroshi Maruyama said Wednesday.
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.
EDITORIALS
May 29, 2002

The odd couple's African tour

U.S. Treasury Secretary Paul O'Neill and Irish rock singer Bono have just concluded a four-nation tour of Africa. During their visit to Ghana, South Africa, Uganda and Ethiopia, the two men studied ways to help the world's poorest continent. They bring two very different approaches to this pressing problem....
JAPAN
May 29, 2002

Flights climb at Kansai airport

OSAKA -- Kansai International Airport, hit by a slump in international travel since the terrorist attacks in the United States last fall, is slowly attracting more overseas business, particularly from Asian airlines.
BUSINESS
May 29, 2002

Condo firm Haseko crumbles into the red

Condominium builder Haseko Corp. said Tuesday its group net balance sank into the red in the 2001 business year, due chiefly to latent losses on its real-estate holdings for sale and on other fixed assets.
Japan Times
CULTURE / Music / J-POPSICLE
May 29, 2002

And the 'nice try' award goes to . . .

It is my sad duty to report that the inaugural MTV Video Music Awards Japan, held May 24 at the Tokyo International Forum, was a less than spectacularly successful affair.
Japan Times
CULTURE / Art
May 29, 2002

Master at the cutting edge of art

Japan is often seen as a blend of the advanced and the archaic. But this combination is nothing new, as a visit to an exhibition of swords now on at the Nezu Museum in Tokyo's Omotesando district makes clear.
BUSINESS
May 28, 2002

Gibraltar Life Insurance posts 12.9 billion yen profit

Gibraltar Life Insurance Co., the successor of failed Kyoei Life Insurance Co., said Monday it posted unconsolidated net profits of 12.9 billion yen for the 2001 business year.
Japan Times
LIFE / Travel / NATURE TRAVEL
May 28, 2002

On the front lines of bird conservation

It may say as much about the status of politicians as it does about that of birds, but one of the more striking demographic statistics to emerge from the United Kingdom is this: There are currently more members of the Royal Society for the Protection of Birds than there are members of all British political...
Japan Times
JAPAN
May 28, 2002

Runway now in land holdouts' backyard

NARITA, Chiba Pref. -- Crops rustling in the wind appear to be trembling because of the jetliner taxiing nearby, its fin visible above the walls surrounding the farm.
Japan Times
LIFE / Travel
May 28, 2002

North of the border, Chinese reap a rich harvest

LAZAREVSKOYE, Russia -- In order to enter Lu Binzheng's pig farm, visitors have to dress in white lab coats, stand under an ultraviolet light to kill any germs and slosh their shoes in disinfectant.
LIFE / Travel
May 28, 2002

North of the border, Chinese reap a rich harvest

LAZAREVSKOYE, Russia -- In order to enter Lu Binzheng's pig farm, visitors have to dress in white lab coats, stand under an ultraviolet light to kill any germs and slosh their shoes in disinfectant.
JAPAN
May 27, 2002

Obituary: Genichi Kawakami

Genichi Kawakami, former president of Yamaha Corp., died of old age at a hospital in Hamamatsu, Shizuoka Prefecture, on Saturday afternoon, according to his family. He was 90.
Japan Times
CULTURE / Music / PLAY BUTTON
May 26, 2002

Phew: There and back again

Hiromi Moritani looks like a typical, well-heeled matron. Her chic black ensemble is a touch artier than the average mother's wardrobe, but sitting in her record label's office, her conversation dwells on the perils and pitfalls of being a mom. Hearing her fret over her young son and the evening's dinner...
CULTURE / Books / THE ASIAN BOOKSHELF
May 26, 2002

Wartime suffering that didn't count

JAPAN'S COMFORT WOMEN: Sexual Slavery and Prostitution During World War Two and the U.S. Occupation. By Yuki Tanaka. Routledge, London, 2002, 212 pp. $24.95 This is by far the best book available on this sordid chapter in Japan's history. Yuki Tanaka's sophisticated and textured assessment of Japan's...
Japan Times
COMMUNITY
May 26, 2002

Marketing message in a bottle

Wherever you go, wherever you look, shelves are stacked with it, vending machines are loaded with it and people are toting it in their burando bags and natty knapsacks. And that's not to mention all those billboards, magazine ads and TV spots keeping green tea up close and personal to residents of these...
Japan and U.S. reach tariff deal with ‘reciprocal’ rate at 15%
U.S. President Donald Trump announced a trade deal with Japan on Tuesday, saying the agreement would create "hundreds of thousands of jobs."
Ishiba denies reports he will resign next month, leaving his fate unclear
Prime Minister Shigeru Ishiba looks on after meeting with the Liberal Democratic Party executives at the party's headquarters in Tokyo on Wednesday.
Japan and U.S. both claim win in surprise 11th-hour tariff deal
U.S. Treasury Secretary Scott Bessent and Ryosei Akazawa, Japan chief tariff negotiator, in Tokyo
The rise of AI companionship in a lonely Japan
In 2020, 38% of all households were single-person. That figure is projected to rise to 44.3% by 2050.
Rice grain-sized earphone may have been used to cheat on TOEIC English test
A pendant-shaped relay device suspected to have been used to cheat on the TOEIC English proficiency test, in Tokyo's Chiyoda Ward on Tuesday
Japan leans into homegrown AI amid rising competition
McKinsey’s 2025 Technology Trends Outlook, published Wednesday, says that the use of “sovereign AI” is a trend gaining significant global traction, including in Japan.
Induction of Ichiro has Cooperstown fretfully preparing
Ichiro Suzuki will soon become the first Japanese player to be enshrined in the National Baseball Hall of Fame and Museum.
JT picks: What not to miss at Fuji Rock 2025
Fuji Rock Festival turns the green slopes of Niigata Prefecture’s Naeba Ski Resort into a summer escape that offers soundtracks for every mood.
Japan’s top brands get tied up in the great sunscreen debate
A coral reef in Okinawa in July 2022. Some jurisdictions around the world have moved to ban certain sunscreens in a bid to protect coral reefs, but some say the impact on reefs is far from clear.
Pentagon looks to unleash ‘military drone dominance’
U.S. Secretary of Defense Pete Hegseth hosts a drone demonstration at the Pentagon in Arlington, Virginia, on July 10.

Podcast

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

Longform

In 2020, 38% of all households were single-person. That figure is projected to rise to 44.3% by 2050.
The rise of AI companionship in a lonely Japan
By Alex K.T. Martin

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