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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...
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.

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