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Japan Times
LIFE / Food & Drink
May 30, 2004

How shochu got its groove back

A young woman was seated at the counter, her long hair tumbling down to her shoulders and resting softly on her beige jacket. In a matching skirt and heels, her long slim legs were revealed. Classy and elegant, she looked like she was ready for a glass of Dom Perignon.
BUSINESS
May 29, 2004

Major life insurers show improvement

Japan's nine major life insurers are looking healthier thanks to stock-related gains made from the 47 percent jump in Tokyo stock prices during fiscal 2003, according to earnings reports released as of Friday.
BUSINESS
May 29, 2004

Phoenix considers plan to rescue scandal-tainted Mitsubishi Motors

Phoenix Capital Co. is considering devising a plan to turn around the fortunes of Mitsubishi Motors Corp., according to Phoenix Capital President Yasushi Ando.
BUSINESS
May 29, 2004

UBS told to toughen data control

The Financial Services Agency on Friday ordered the Japanese unit of the Switzerland-based UBS financial group to strengthen its internal control of undisclosed corporate data following revelations that the branch provided information to investing clients.
EDITORIALS
May 28, 2004

Banks and their 'debt of gratitude'

It appears that most of Japan's top banks are making good progress toward cleaning up their nonperforming loans. They may not be out of the woods yet, but their latest financial reports indicate that they are on track to meeting a government target for bad-debt reduction in fiscal 2004, which ends March...
Japan Times
LIFE / Food & Drink / BEST BAR NONE
May 28, 2004

Rockin' till dawn in the heart of suburbia

Kichijoji is a good 20 minutes west of Shibuya on an express train, which places it smack dab in the middle of Tokyo's suburban belt. As such, it's the last place one would think of finding a bar dedicated to rock culture -- let alone one with a pedigree spanning a quarter of a century and with a provocative...
JAPAN
May 28, 2004

Accounts may be tied to al-Qaeda

Police have discovered bank accounts in Japan that might have been part of an underground bank for the al-Qaeda network, investigative sources said Thursday.
BUSINESS
May 28, 2004

Kanebo to slash capital by 99%, sell stake to IRCJ

Kanebo Ltd. will reduce its capital by 99 percent as part of its rehabilitation plan under the auspices of the state-backed Industrial Revitalization Corp. of Japan, sources said Thursday.
JAPAN
May 27, 2004

Diet enacts law to counter livestock, poultry diseases

The Diet enacted Wednesday a revised law to curb infectious diseases among livestock and poultry, including the introduction of a compensation system for poultry farmers hit by bird flu.
BUSINESS
May 26, 2004

DoCoMo shifts strategy from investment to tech ties

NTT DoCoMo Inc. will shift its global strategy in the mobile phone business from capital investment to technological tieups, after suffering huge losses on its investments in overseas mobile phone operators, NTT Corp. President Norio Wada said Monday.
BUSINESS
May 26, 2004

UFJ, Merrill Lynch to buy loans

UFJ Bank said Tuesday it and the Merrill Lynch group will create a fund of up to 100 billion yen to purchase loans to ailing small and midsize enterprises.
BUSINESS
May 25, 2004

Sumitomo Trust's group net balance back in black

Sumitomo Trust & Banking Co. said Monday its group net balance last business year returned to the black at 79.63 billion yen, partly due to a plunge in its loan-loss charges.
JAPAN
May 25, 2004

Banking giants log black ink as stocks rise, bad loans fall

All but one of the nation's four major banking groups returned to the black in fiscal 2003, according to their financial reports released Monday.
COMMENTARY
May 24, 2004

Blowing smoke on tobacco

The government has begun belated efforts to restrict smoking in Japan, which has long been a smokers' haven. In May 2003, the government enacted the Health Promotion Law to reduce exposure to passive smoking. In March it signed the World Health Organization's Framework Convention on Tobacco Control --...
COMMUNITY
May 23, 2004

Show reflects growing 'green' economy

The words "Japanese technology" usually conjure up images of everything from cars and cameras to stereos and mobile phones.
BUSINESS
May 22, 2004

Sumitomo, UFJ trust units to merge

Sumitomo Trust & Banking Co. and UFJ Trust Bank said Friday they have agreed to integrate operations to create the biggest trust bank in Japan, eclipsing Mitsubishi Trust & Banking Corp.
BUSINESS
May 21, 2004

Morinaga Milk reaps benefit of cost cuts and steady sales

Morinaga Milk Industry Co. said Thursday that its group net profit for fiscal 2003 rose 34.1 percent from the previous year to 6.46 billion yen.
BUSINESS
May 21, 2004

Isuzu Motors back in black on record profit

Isuzu Motors Ltd. said Thursday its group net balance swung into the black in fiscal 2003 on brisk sales of trucks in domestic and Asian markets.
BUSINESS
May 20, 2004

Bankruptcies down for 16th month

A total 1,189 companies in Japan declared bankruptcy in April, down 21.5 percent from a year earlier for the 16th consecutive month of decrease.
BUSINESS
May 20, 2004

Hino Motors to build new U.S. plant

Hino Motors Ltd. said Wednesday it will construct a new auto parts plant in the United States to meet growing demand from its parent company, Toyota Motor Corp.

Longform

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