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BUSINESS
Jun 29, 2001

General contractors see profits rise while cutting interest-bearing debts

General contractors recently released their much anticipated fiscal 2000 financial statements. These companies are widely believed to be among the firms most negatively affected by the prolonged economic slowdown, which is marked by falling real estate prices.
BUSINESS
Jun 29, 2001

Industrial output down for third straight month

Industrial output for May fell 1.2 percent from the previous month to mark the third consecutive month of decline, according to a preliminary report released Thursday by the Ministry of Economy, Trade and Industry.
BUSINESS
Jun 28, 2001

Businesses expect upturn next quarter

Major businesses are expecting business conditions to improve in the July-September quarter, according to a government survey released Wednesday.
JAPAN
Jun 23, 2001

Late lawmaker left 3.54 billion yen

Tokuma Utsunomiya, a longtime lawmaker who died July 1 at the age of 93, left roughly 3.54 billion yen in taxable assets, according to a recent notice issued by a local tax office.
BUSINESS
Jun 20, 2001

State-backed firms face new accounting rules

An advisory panel to the finance minister unveiled on Tuesday new accounting guidelines for government-affiliated corporations as part of an effort to improve transparency in their management.
BUSINESS
Jun 14, 2001

Amazon Japan adds video tapes, CDs, DVDs

The Japanese unit of Amazon.com announced Wednesday its expansion to sell compact discs, digital versatile discs and video tapes, but said there was no sign of the company making a profit yet.
JAPAN
Jun 14, 2001

Online stores struggle for sales

Five months ago, online supermarket Olive Mart overhauled its business methods for the second time since its launch in May 1999.
BUSINESS
Jun 13, 2001

New condos up for sale declined in May

The number of new condominiums put up for sale in the Tokyo metropolitan area in May fell 4.7 percent from a year before to 6,799, the second straight monthly fall, a private research institute said Tuesday.
BUSINESS
Jun 13, 2001

Major nonfinancial firms to earn 1.4% less in 2002: Nomura

The nation's major nonfinancial companies are expected to suffer a 1.4 percent drop in group pretax profits for the current business year ending March 31, 2002, after posting a hefty 33.5 percent rise in 2000, Nomura Securities Co. said in a report released Tuesday.
Events
Jun 12, 2001

Osaka still investment 'black hole'

OSAKA — With Osaka's economy still in the doldrums, city and prefectural officials are renewing efforts to bring more foreign direct investment to the region.
COMMUNITY
Jun 10, 2001

Chic designs enliven condominium choices

With its outside walls clad entirely in wooden louver boards, a four-story building that opened last week in Tokyo's quiet Tomigaya residential district could easily be mistaken for a chic new gallery or boutique.
CULTURE / Books
Jun 10, 2001

Publishing still in a slump; DaVinci stays popular with young

Last month, the National Tax agency made its annual announcement of those paying more than 10 million yen in income tax and, as always, the list reflected major trends of the times.
BUSINESS
Jun 8, 2001

Capital spending increases 2.5% in quarter

Capital spending by Japanese companies expanded 2.5 percent in the January-March quarter from a year earlier to 13.3 trillion yen, marking the fifth increase in a row, the Finance Ministry said Thursday in its quarterly survey.
JAPAN
Jun 8, 2001

LDP's Kyuma photographed with senior gangland figure

Fumio Kyuma, the acting policy research council chairman of the Liberal Democratic Party, was photographed with a senior member of a crime syndicate while serving as Defense Agency chief in 1997, sources close to the case said Thursday.
BUSINESS
May 31, 2001

Soon-to-merge insurers report increased profits

Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. -- two major nonlife insurers scheduled to merge in October -- on Wednesday reported higher group profits for fiscal 2000.
BUSINESS
May 31, 2001

Kumagai Gumi stays in red despite loans being forgiven

Struggling construction firm Kumagai Gumi Co. said Wednesday it remained in the red for the year ended March 31, with a group net loss of 2.65 billion yen after the previous year's loss of 4.62 billion yen.
BUSINESS
May 30, 2001

Haseko marks first pretax profit in three years

Housing contractor Haseko Corp. said Tuesday it registered a consolidated pretax profit in fiscal 2000 for the first time in three years, helped by brisk demand for condominiums.
BUSINESS
May 29, 2001

Debt-waiver puts Hazama in the black

Hazama Corp. said Monday its group net balance in fiscal 2000 swung back into the black as a one-time gain from a 105 billion yen debt-waiver wiped out most of its extraordinary losses.
JAPAN
May 26, 2001

Police set to arrest former Sogo chief suspected of hiding personal assets

Police have obtained a warrant to arrest Hiroo Mizushima, 89, the former chairman of failed department store operator Sogo Co., on suspicion of hiding personal assets from creditors, police sources said Friday.
BUSINESS
May 26, 2001

Hiranuma outlines plan to boost jobs, markets

Economy, Trade and Industry Minister Takeo Hiranuma proposed a 15-point plan Friday to increase jobs and markets, including optimizing research outcomes at universities to create business opportunities in the private sector.
BUSINESS
May 23, 2001

Mitsui Fudosan logs first profit since '95

Major real estate firm Mitsui Fudosan Co. said Tuesday it logged its first consolidated net profit in five years in fiscal 2000, thanks to structural reforms in its management.
EDITORIALS
May 22, 2001

Fling the door wide open

In this age of escalating economic globalization and cross-border business competition, Japan must develop into an attractive place for foreigners to invest, live or work. In particular, it needs to make itself more attractive to long-term foreign investors in order to promote structural reforms such...
LIFE / Food & Drink / TOKYO FOOD FILE
May 20, 2001

Time to get back to the garden

Can it really be the season for beer gardens again already? Well, not really. But what's the point in waiting, when there are so many perfectly fine evenings at this time of year. Seize the night, we say. And, anyway, we were impatient to revisit our longtime favorite summer drinking spot, the wonderful...
BUSINESS
May 18, 2001

Mitsui posts 55% gain in group pretax profits

Major trading house Mitsui & Co. said Thursday its consolidated pretax profits for fiscal 2000 expanded 54.7 percent from the previous year to 79.63 billion yen, helped by securities sales.
BUSINESS
May 18, 2001

Man on street more optimistic

The economic outlook of workers with jobs particularly sensitive to economic shifts showed an improvement in April for the first turnaround in three months, the Cabinet Office said Thursday.
JAPAN
May 18, 2001

Sentence overturned; killer to hang

The Tokyo High Court sentenced a 54-year-old former real estate agent to death Thursday for killing two people to hide a fraudulent land deal in 1989, overturning a lower court-imposed life sentence.
BUSINESS
May 8, 2001

Prepare for Koizumi failure

Stock prices have firmed up, reflecting market expectations that Prime Minister Junichiro Koizumi will push for structural reform.
JAPAN
May 8, 2001

Prime minister's policy speech

The following is a provisional translation of the policy speech given Monday by Prime Minister Junichiro Koizumi to the 151st session of the Diet:

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