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BUSINESS
Sep 15, 2000

Corporate bankruptcies leap 21.5%

Corporate bankruptcies in Japan rose 21.5 percent in August from a year earlier to 1,704 cases, up for the 10th consecutive month, a private credit-research agency said Thursday.
BUSINESS
Sep 14, 2000

Condos on market rise 13% ahead of tax break deadline

The number of new condominiums put on sale in the Tokyo metropolitan area increased 13.1 percent in August from a year earlier to 4,431 units, the third consecutive monthly gain, a private research institute said Wednesday.
EDITORIALS
Sep 7, 2000

The price of failure

Nippon Credit Bank, which came under state control in December 1998, was sold last Friday to a consortium led by Internet investor Softbank Corp. The contract includes a controversial clause that says the buyer (the Softbank group) can request the seller (the government) to buy back troubled NCB loans...
BUSINESS
Sep 6, 2000

Japan Energy to reorganize subsidiaries for competition

Japan Energy Corp. will consolidate and reorganize its four engineering subsidiaries an effort to reinforce their competitive edge, the major Japanese oil refiner and distributor announced Tuesday.
BUSINESS
Aug 29, 2000

Taisho Life collapses amid scandal

The Financial Services Agency on Monday ordered Taisho Life Insurance Co. to suspend its operations following the arrest earlier in the day of the head of the insurer's largest shareholder, in connection with the insurer's capital-building methods.
BUSINESS
Aug 28, 2000

Seoul's Itaewon stages revival

SEOUL -- Seoul's scruffy backwater of Itaewon -- for years known only for its girlie bars, tatty drinking dens, cut-price souvenirs and fake watches -- is undergoing a gradual transformation.
BUSINESS
Aug 24, 2000

NCB sale to proceed unchanged, Aizawa tells Son

The government confirmed Wednesday that it will sell the nationalized Nippon Credit Bank to a Softbank Corp.-led consortium Sept. 1 under the original contract terms, government officials said.
BUSINESS
Aug 22, 2000

Sogo collapse hits banks, construction stocks

Bank and construction stocks have taken a battering in the wake of the collapse of department store chain Sogo Co. in July.
BUSINESS
Aug 15, 2000

Realtor Hiei fails, leaving debts of 650 billion yen

Tokyo-based real estate company Hiei Sangyo has filed with the Tokyo District Court for special liquidation, becoming the sixth largest corporate bankruptcy this year with about 450 billion yen in liabilities, a private credit research institute said Monday.
JAPAN
Aug 13, 2000

Sleaze market festers with rip-off artists

The promise is too good to be true -- all you can drink and "excellent service" provided by "companions" for 6,000 yen in Tokyo's adult entertainment central.
BUSINESS
Aug 12, 2000

Number of new condos for sale in Tokyo rises 17.9%

The number of new condominiums put on sale in metropolitan Tokyo rose 17.9 percent in July from a year earlier to 9,081, a private research institute said Friday.
BUSINESS
Aug 10, 2000

Finance chief may fight interest rate hike

The Finance Ministry will probably oppose raising interest rates during the Bank of Japan's Policy Board meeting Friday, Finance Minister Kiichi Miyazawa said Wednesday.
JAPAN
Aug 6, 2000

Court allowed defendant in Itoman scandal to travel

The Osaka District Court allowed a defendant in a scandal involving defunct trading house Itoman Corp. to travel abroad 29 times between December 1993 and his disappearance while on trial in October 1997, according to Supreme Court officials.
BUSINESS
Aug 3, 2000

Former Sogo chief's assets to be seized

The Tokyo District Court has opted to seize the personal assets of former Sogo Co. Chairman Hiroo Mizushima, at the request of the Industrial Bank of Japan, in a bid to collect a loan to the failed department store chain that he personally guaranteed, sources said Wednesday.
EDITORIALS
Aug 3, 2000

Mr. Mori fails his test

The Diet has completed a round of plenary debates on Prime Minister Yoshiro Mori's policy speech -- the first full-dress parliamentary exchanges since he launched his second Cabinet following the June 25 Lower House election. But the prime minister has only disappointed the people. He fell far short...
JAPAN
Aug 1, 2000

Scandal drops Nikkei to 16-month low

The key 225-issue Nikkei Stock Average fell to a fresh 16-month closing low Monday despite a partial recovery from its intraday low.
BUSINESS
Jul 31, 2000

Bangalore emerges as Asia's high-tech hub

BANGALORE, India -- At a recent roadshow for India's Karnataka state, one proud exhibit was a slide of the cover of Newsweek's issue of Nov. 9, 1998, showing a list of the world's "hottest tech cites." The magazine had chosen 10, of which only two were in Asia -- Singapore and Bangalore, Karnataka's...
JAPAN
Jul 30, 2000

Evolving Okubo strikes a balance

Okubo's image varies widely. To some people, it's a nasty urban jungle filled with sleaze. To others, it's a foreign world of fascination.
JAPAN
Jul 23, 2000

Nakao's middleman arrested in bribe case

The Tokyo District Public Prosecutor's Office has arrested the manager of an art gallery on suspicion of taking 10 million yen in bribes from Wakachiku Construction Co. in August 1996 in collusion with former Construction Minister Eiichi Nakao.
JAPAN
Jul 22, 2000

New warrant served on Nakao for bribery

The Tokyo District Public Prosecutor's office on Friday served former Construction Minister Eiichi Nakao with a new arrest warrant on suspicion of receiving 30 million yen in bribes from Wakachiku Construction Co. between June and September 1996.
BUSINESS
Jul 22, 2000

Toho Mutual pair sued for 1 billion yen

The liquidators of collapsed Toho Mutual Life Insurance Co. said Friday they have filed a lawsuit seeking 1 billion yen in damages from two former executives of the company.
BUSINESS
Jul 18, 2000

BOJ decision said to be ambiguous

The Bank of Japan's decision Monday to leave the "zero-interest-rate" policy unchanged did not surprise many, given the shock financial markets received from the virtual bankruptcy last week of department store operator Sogo Co.
BUSINESS
Jul 15, 2000

Bankrupt firms owe 6.95 trillion yen

The combined debts of companies that went bust in the first half of 2000 came to 6.95 trillion yen, down 24.2 percent from a year earlier but the second-largest figure for a first-half period in postwar Japan, a major credit research agency said Friday.
JAPAN
Jul 14, 2000

Heo queried over alleged bribery fund

Heo Young Joong, a former real estate developer on trial in the Itoman case, has recently been questioned by prosecutors over 1 billion yen that he allegedly gave the former chairman of Wakachiku Construction Co. as funds for bribing lawmakers, investigation sources said Thursday.
JAPAN
Jul 8, 2000

Kamei, Torashima on donations list

Shizuka Kamei, policy chief of the Liberal Democratic Party, and Kazuo Torashima, newly appointed Defense Agency chief, are among the recipients of political donations from Wakachiku Construction Co., it was learned Friday.
JAPAN
Jul 7, 2000

Man arrested for allegedly conspiring to sell fake cigarettes

Police have arrested a 66-year-old real estate company employee for allegedly conspiring to sell counterfeit Mild Seven Lights and Seven Stars, both popular cigarette brands sold by Japan Tobacco Inc., police said Thursday.
JAPAN
Jul 3, 2000

Detention of ex-minister Nakao extended

The Tokyo District Court has decided to allow former Construction Minister Eiichi Nakao to be detained for another 10 days through July 11, sources said Sunday.
JAPAN
Jul 2, 2000

The 'island' village among giants

Though it's one of Tokyo's busiest school districts, the area around JR Yoyogi Station lacks the lively atmosphere that marks other teenage haunts.
JAPAN
Jul 1, 2000

Ex-construction minister arrested in bribery case

Former Construction Minister Eiichi Nakao was arrested Friday on suspicion of accepting some 30 million yen in bribes in 1996 in connection with the Construction Ministry's selection of designated bidding companies.
JAPAN
Jun 26, 2000

Tobacco scam included sales

A 58-year-old company president arrested Saturday for possessing thousands of packs of counterfeit cigarettes in apparent violation of the Trademark Law is also suspected of marketing the tobacco in violation of the Tobacco Business Law, police sources said Sunday.
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.
Kazuki Nagasawa's sustainable designs are rooted in tradition
For centuries, artisans have unraveled strands of the fibrous bark of "shuro" trees to create a medley of everyday objects. Designer Kazuki Nagasawa is now transforming the traditional material into ethereal contemporary pieces.
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.

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

SUSTAINABLE JAPAN

Fujitsu crafts sustainable innovation for itself, society
Fujitsu crafts sustainable innovation for itself, society

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