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BUSINESS
May 5, 2001

Foreign firms vie to crack drugs, distribution markets

Despite Japan's moribund economy and stagnant consumption, many foreign firms are still keen to enter the Japanese market, with some eyeing the pharmaceutical and distribution industries.
Japan Times
COMMUNITY
Apr 29, 2001

Making room for urban home companions

Keeping a pet in the big city isn't easy. With many urban residents living in rented housing, landlords as well as limited space can prove to be obstacles. Some tenants, unwilling to part with their companions, even at the risk of eviction and their pet's discomfort, "smuggle" them in and keep them in...
COMMENTARY
Apr 27, 2001

Calls for change heeded

In his year as prime minister, Yoshiro Mori caused public disillusionment with the Liberal Democratic Party through his gaffes and incompetence. The LDP's presidential election Tuesday, in which former Health and Welfare Minister Junichiro Koizumi beat former Prime Minister Ryutaro Hashimoto by a wide...
JAPAN
Apr 27, 2001

Court upholds sentence for Tokyo Sagawa chief

The Tokyo High Court on Thursday upheld the seven-year prison sentence imposed by a lower court on Hiroyasu Watanabe, former president of the now-defunct Tokyo Sagawa Kyubin Co., for aggravated breach of trust that caused the trucking company to suffer huge losses.
BUSINESS
Apr 26, 2001

Exec cites potential in Net data centers

Despite whatever attractive content it may offer, a dot-com firm is doomed to failure if it cannot provide its customers with quick and smooth access to data through its Web site.
BUSINESS
Apr 25, 2001

Business confidence plunged in latest quarter

Business confidence in Japan deteriorated sharply in the January-March quarter amid declines in share prices and the deceleration in the U.S. economy, according to a government survey released Tuesday.
LIFE / Travel
Apr 24, 2001

Conserving world heritage in Dunhuang

DUNHUANG, China -- Approaching China across the Eurasian continent, one crosses the Tianshan mountains only to be confronted by the mighty Taklamakan Desert, with its sinister epigraph: "If you go in, you won't come out." At Kashgar, the Silk Road divides into two branches, skirting the northern and...
BUSINESS
Apr 14, 2001

Bankruptcies increase 12.1%

Corporate bankruptcies in Japan rose 12.1 percent in fiscal 2000 from a year earlier to 18,926 cases, while debts left behind surged 130.7 percent to 25.98 trillion yen, a record postwar high, a private research institute said Friday.
JAPAN
Apr 11, 2001

Man guilty of selling fake cigarettes

The Tokyo District Court on Tuesday sentenced a 59-year-old company president to two years in prison, suspended for three years, for selling counterfeit Japan Tobacco Inc. brand cigarettes.
JAPAN
Apr 5, 2001

State, ruling parties at odds over timing of emergency plan

The government and the ruling coalition failed to settle the details of an emergency economic package Wednesday, remaining divided over how soon to set up a controversial share-purchasing body.
BUSINESS
Apr 4, 2001

State may help stock-buying body

The government is likely to provide 33 percent of the funds for a proposed stock-buying body at the center of plans that will help banks divest themselves from the stock market, a senior official from the Liberal Democratic Party said Tuesday.
BUSINESS
Apr 3, 2001

LDP must balance fiscal, party interests

While Tokyo stocks continue to fluctuate wildly, some market participants are saying that stocks have bottomed out and have started an upward surge, following the Bank of Japan's effective return to a "zero-interest-rate" policy and commercial banks' accelerated disposal of bad loans.
BUSINESS
Apr 3, 2001

Three megabanks make debut

Three new megabank groups started their operations Monday morning, raising hopes that the presence of the new entities will further accelerate the disposal of bad loans held by Japanese banks.
COMMENTARY
Apr 2, 2001

Japan's economic 'kuroko'

For more than a decade, Japan's financial authorities have been trying to treat the growing mountain of bad loans at Japan's banks as a "kuroko" of the Japan economy.
BUSINESS
Mar 30, 2001

Mitsui Construction gets 142 billion yen debt waiver

Mitsui Construction Co. said Thursday its nine main creditors have agreed to waive 141.97 billion yen in claims on outstanding loans to the financially troubled construction company.
JAPAN
Mar 30, 2001

Heo gets 71/2 years for breach of trust

OSAKA -- The Osaka District Court on Thursday sentenced former fugitive real estate executive Heo Young Joong to 71/2 years in prison and fined him 500 million yen for aggravated breach of trust and tax evasion.
COMMENTARY
Mar 29, 2001

Time to act is running out

The captain of a sinking cruise ship was trying to persuade his male passengers to let women and children board the lifeboats first. But he quickly learned he'd have to customize his pitch according to the nationalities on board. The Englishmen were easy; the captain simply appealed to their sense of...
JAPAN
Mar 29, 2001

Fukutoku Bank execs cleared

OSAKA -- The Osaka District Court found two former executives of the now-defunct Fukutoku Bank not guilty Wednesday of aggravated breach of trust in connection with some 8.2 billion yen in loans illegally extended in a bid to realize the smooth merger between the bank and another financial institution....
COMMENTARY
Mar 26, 2001

Too little too late for reform?

In a dramatic policy reversal, the Bank of Japan has shifted its priority from cutting interest rates to expanding the money supply. The shift involves changing the key target for monetary adjustment from uncollateralized call-money rates to private banks' demand-deposit balances in the central bank....
BUSINESS
Mar 24, 2001

Asahi Bank faces 10 billion yen loss

Asahi Bank announced Friday that its efforts to write off 50 percent more of its nonperforming loans than initially targeted will result in a consolidated net loss of 10 billion yen for the business year ending March 31.
JAPAN
Mar 24, 2001

Owing 980 billion yen, Tokyo Mutual fails

In the insurance industry's fifth failure in fiscal 2000, midtier insurer Tokyo Mutual Life Insurance Co. filed for court protection from its creditors Friday after it was denied capital assistance from its main bank, Daiwa Bank.
BUSINESS
Mar 23, 2001

Land prices seal decade of decline by falling 4.9%

Land prices in Japan declined by an average of 4.9 percent in the year to Jan. 1, falling for the 10th consecutive year amid the nation's prolonged economic slump, the Land Ministry said in a report released Thursday.
JAPAN
Mar 23, 2001

Ex-driver to be hanged for role in dual murder

OSAKA -- The Osaka District Court on Thursday sentenced a 58-year-old former driver to death for murdering a man and his wife in 1997 and stealing cash from their home in Sakai, Osaka Prefecture.
BUSINESS
Mar 23, 2001

Don't keep all eggs in one falling yen basket

On hearing that deposit interest rates in Japan are near zero, an investor from Jakarta said in apparent disbelief "You must be joking."
BUSINESS
Mar 22, 2001

Tertiary industry index slips

The government said Wednesday that an index designed to gauge economic activity in Japan's tertiary industries slid 0.5 percent in January from the previous month.
CULTURE / Books
Mar 20, 2001

Shanghai, the heart of China

NEW SHANGHAI: The Rocky Rebirth of China's Legendary City, by Pamela Yatsko. Wiley, 2001, 298 pp., 2,300 yen (paper). Few doubt that Shanghai is the nerve center of China's second "Great Leap Forward." This metropolis -- long considered the most cosmopolitan of all Asian cities -- is the cornerstone...
JAPAN
Mar 16, 2001

Miyazawa proposes stock fund guarantee

Finance Minister Kiichi Miyazawa presented a scheme Thursday that would extend a government guarantee to a proposed private-sector fund that would purchase cross-held shares from ailing institutions, Financial Services Minister Hakuo Yanagisawa said.
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.
Economists debate consumption-tax cut as Japanese politicians warm to the idea
A supermarket in Chiba. Politicians in Japan might cut the consumption tax to help households and the economy.
Two men arrested after storming Tokyo elementary school and injuring staff
Tachikawa Municipal 3rd Elementary School, where two men broke in on Thursday
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.
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.
'Big picture thinker': Ispace CEO Hakamada on reaching the moon and dreaming of starships
Takeshi Hakamada, founder and CEO of Ispace, says his primary interest in space development is not to abandon Earth, but to protect it.
The drive for luxury: Aston Martin Asia's president explains the desire for more
While for Aston Martin, it’s all about delivering luxury, their regional president for Asia Gregory Adams' start in the auto industry in Japan was far more humble.

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

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