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JAPAN
Dec 9, 2000

Sogo executives ordered to pay 6 billion yen

The Tokyo District Court on Friday ordered ex-Sogo Co. Chairman Hiroo Mizushima and 16 other former executives to pay about 6 billion yen to the department store chain for mismanagement in a series of shady and allegedly illegal business deals.
BUSINESS
Dec 8, 2000

Matsushita to make cellphones in Latin America

OSAKA -- Matsushita Communication Industrial Co., the nation's leading maker of mobile phones, is considering building a new plant in Mexico or South America to enhance overseas production, the company's president said Thursday.
BUSINESS
Dec 8, 2000

Inspections planned for newcomers to banking

A government advisory panel on Thursday compiled a set of rules calling for financial regulators to be authorized to inspect major nonfinancial shareholders of banks.
BUSINESS
Dec 8, 2000

LDP suggests lowering taxes on restructuring

The Liberal Democratic Party's panel on taxation agreed Thursday to urge the government to reduce registration taxes levied on companies when they spin off divisions to the level paid by merging firms.
EDITORIALS
Dec 8, 2000

Europe's growing pains

European Union leaders are finding that success comes with a price. They meet today in Nice, France, for a critical summit that will modernize the EU and prepare it for new members and new responsibilities. Despite complete agreement that decision-making procedures must be changed, there is no consensus...
BUSINESS
Dec 8, 2000

Carrefour chief takes aim at Japanese market

MAKUHARI, Chiba Pref. -- Unveiling Carrefour's first Japanese outlet to reporters Thursday, Carrefour France Chairman Daniel Bernard said the world's second-largest retailer has a good opportunity to do business in Japan, at a time when the domestic retail industry is changing.
COMMENTARY / World
Dec 8, 2000

Flood of goods from China an eye-opener for Indians

NEW DELHI -- China's invasion of India in 1962 was perhaps less of a humiliation for India than Beijing's latest attempt at capturing its market.
BUSINESS / CABINET INTERVIEW
Dec 7, 2000

Miyazawa to focus on employment, spending

The state budget for fiscal 2001 to be drawn up by the government later this month is expected to be characterized by "guarded optimism," Finance Minister Kiichi Miyazawa said Wednesday.
BUSINESS / CABINET INTERVIEW
Dec 7, 2000

FRC chief firm on payoff plan

Having returned to head the Financial Reconstruction Commission, Hakuo Yanagisawa on Wednesday emphatically ruled out the possibility of an extension to a controversial payoff plan.
BUSINESS
Dec 7, 2000

Economic indexes point in unison to expansion

The Economic Planning Agency said Wednesday that three economic gauges exceeded the 50 percent boom-or-bust line in October for the first time since November 1996.
BUSINESS
Dec 7, 2000

DDI joins hands with Hakuhodo

The nation's second-largest telecommunications carrier DDI Corp., known as KDDI, said Wednesday it has formed a joint venture with advertising agency Hakuhodo Inc. and three other firms to run ads on its mobile-phone Internet services.
BUSINESS
Dec 7, 2000

FTC defends proposal on postal competition

The head of the Fair Trade Commission, the nation's anti-cartel watchdog, on Wednesday defended a proposal by an FTC panel to allow private concerns to compete with the postal service in the letter-delivery business.
LIFE / Travel
Dec 7, 2000

Popularity of Aso region both blessing and burden

FUKUOKA -- Kumamoto Prefecture's mountainous Aso region is a place where you could get drunk on nature's immensity. Swing your car onto Aso's Panorama Line road, step on the accelerator and you'll fly past grassy plains stretching upward to the green-tipped crags of Mount Aso and its five peaks. Here,...
JAPAN
Dec 6, 2000

LDP approves three top positions

The ruling Liberal Democratic Party on Tuesday formally appointed Makoto Koga as its secretary general and Kanezo Muraoka as chairman of the Executive Council, while approving Prime Minister Yoshiro Mori's decision to retain Shizuka Kamei as policy affairs chief.
BUSINESS
Dec 6, 2000

Japan, Myanmar to work on economic aid report

Japan and Myanmar agreed Tuesday to work on creating a report over the coming two years on Japanese support for economic structural reform in Myanmar, a Japanese Foreign Ministry official said.
BUSINESS
Dec 6, 2000

Bridgestone head denies Firestone may go under

Bridgestone Corp. President Yoichiro Kaizaki on Tuesday dismissed a news report that its U.S. subsidiary, Bridgestone/Firestone Inc., may go bankrupt under massive damage claims sought against the U.S. unit over a tire recall scandal.
COMMENTARY / World
Dec 6, 2000

Obstacles in the road to a toxic-free future

The international community comes together in Johannesburg, South Africa this week (Dec. 4-9) under the auspices of the United Nations Environment Program to conclude the draft of an historic treaty to rid the world of its most toxic and harmful chemicals.
JAPAN
Dec 5, 2000

GDP disappoints with 0.2% growth

The nation's economy continued its slow pace of growth during the July-September period as gross domestic product expanded a seasonally adjusted 0.2 percent, the Economic Planning Agency said Monday.
CULTURE / Music
Dec 5, 2000

Blues for the new millennium

The new CD puts a contemporary spin on classic blues-rock. "It's a ticket to the show." That's how Canadian band leader Robin Suchy describes the newly released CD he produced with his 10-man blues band, the Howling Loochie Brothers.
EDITORIALS
Dec 4, 2000

Prepare for bumps ahead

The U.S. economy is slowing down and that could mean trouble for the rest of the world. The United States has acted as consumer of last resort for many of the world's exporters. As the U.S. economic expansion brakes, those countries will have to find other markets for their goods or risk a slowdown of...
COMMENTARY / World
Dec 3, 2000

Korean democracy suffers growing pains

SEOUL -- You don't have to consult opinion polls to understand that in general terms South Koreans are not happy with their government. It is enough to occasionally read editorials or to engage in political discussions with Korean friends, colleagues and neighbors. Then you detect a very basic disenchantment...
CULTURE / Music
Dec 3, 2000

Maazel wears multiple hats, but looks best in conductor's

Bavarian Radio Symphony Orchestra Nov. 2, Wolfgang Gieron conducting in Suntory Hall -- "The Ideal," from Two Portraits for Violin and Orchestra, Op. 5/1 (Bela Bartok, 1881- 1945), Music for Violin and Orchestra, Op. 12 (Lorin Maazel, b. 1930), Gypsy Caprice (Friedrich Kreisler, 1875-1962), all featuring...
BUSINESS
Dec 2, 2000

Mitsubishi boosts midcareer hiring

Mitsubishi Corp. said Friday it will start its first-ever large-scale midcareer recruitment campaign to inject new talent into its information technology sector.
BUSINESS
Dec 2, 2000

NCB sees two key balances move back into the black

Releasing its first financial results since its sale on Sept. 1 to an investment consortium led by Softbank Corp., Nippon Credit Bank said Friday its operating and pretax balances moved back into the black in the first half of fiscal 2000.
JAPAN
Dec 2, 2000

Ailing Air Do flies in face of airlines' smoking ban

Hokkaido International Airlines Co. (Air Do) introduced smokers' seats Friday on its Sapporo-Tokyo route to attract smoking passengers in an effort to improve its financial situation, airline officials said.
BUSINESS
Dec 1, 2000

Greenback surge surprises but may not last

The dollar has broken out of the 100-110 yen trading range after having stayed in a holding pattern for several weeks amid concern over political uncertainty in Japan and the United States.
BUSINESS
Dec 1, 2000

Reform touted in new five-year action program

The government compiled a five-year action program to promote structural reform and achieve economic progress while continuing to reflect the IT revolution and environmental concerns, the Ministry of International Trade and Industry announced Thursday.

Longform

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