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JAPAN
Oct 13, 1998

SmithKline wins 3 billion yen lawsuit

SmithKline Beecham Seiyaku K.K. was awarded some 3 billion yen in damages in a patent infringement lawsuit, the largest compensation ordered in such a case in Japan, the drug maker said.The Tokyo District Court ruled Monday that Fujimoto Seiyaku Co., a drug maker based in Osaka Prefecture, sold an ulcer...
JAPAN
Oct 9, 1998

Give banks in need of funds breathing space, Nonaka urges

Chief Cabinet Secretary Hiromu Nonaka voiced concern Friday about imposing excessive restrictions on banks asking for public funds.Sufficient information disclosure and clarification of management responsibility should be preconditions for infusions of public funds, the chief government spokesman told...
JAPAN
Oct 8, 1998

LTCB merger now 'option' for Sumitomo Trust

Sumitomo Trust & Banking Co. President Atsushi Takahashi hinted Thursday the bank's planned merger with the troubled Long-Term Credit Bank of Japan was effectively dead, saying the LTCB is now "one of the options" among the bank's alliance strategies.Takahashi, however, said it is too early to make...
JAPAN
Oct 6, 1998

Saison ties with H.I.S. in travel insurance

Saison Automobile & Fire Insurance Co., a nonlife insurance wing of the Saison group, and H.I.S. Co., a travel agency that has a strong foothold in the overseas travel market, reached a comprehensive tieup agreement Tuesday to provide new insurance services for those traveling abroad, the two companies...
JAPAN
Oct 5, 1998

Investment firm puts trust in disclosure

18th in an occasional series on financial deregulationStaff writerAlliance Capital Investment Trust Management Inc. of Tokyo is attempting to calm anxious customers by fully explaining how their funds have been hurt amid global financial instability, company President Takahiro Fujino said.The severe...
JAPAN
Oct 2, 1998

Toza students, creditors may be out of luck

OSAKA -- It is highly unlikely that students of the Kansai branches of the failed English-language school Toza Gaigo Gakuin or creditors of Alles, the school's operator, will recover their tuition or loan payments, as the bankrupt firm's collected assets were far less than taxes owed, an administrator...
JAPAN
Oct 2, 1998

New technology firms to show wares at OCCI forum

OSAKA -- The Osaka Chamber of Commerce and Industry is inviting companies to the Global Venture Forum '98, slated for later this month, to view new technologies created by venture businesses in Japan and other countries.At the two-day convention starting here Oct. 22, 35 venture companies from eight...
JAPAN
Sep 28, 1998

Mitsubishi Motors accelerates streamlining

Staff writerTo expedite its restructuring program, Mitsubishi Motors Corp. has revised its earlier plan to reduce the number of employees and interest-bearing liabilities, an executive of MMC said Monday.
JAPAN
Sep 28, 1998

City banks Tokai, Asahi agree on retail tieup

In a strategic move to strengthen their presence in the retail banking field, Tokai Bank and Asahi Bank, both among the nation's nine major city, or commercial, banks, reached a comprehensive tieup agreement Monday to consolidate their branch offices and jointly develop financial products.
JAPAN
Sep 25, 1998

Defense Agency spurns NEC, Toyo

The Defense Agency announced Friday that it will suspend business dealings with electronics giant NEC Corp. and affiliate Toyo Communication Equipment Co. from Oct. 1 in the wake of a procurement scandal involving former officials of the agency and the companies.
JAPAN
Sep 25, 1998

JNR Settlements given 191 billion yen in rescue loans

The government decided Friday to extend about 191 billion yen in relief loans to JNR Settlements Corp. to avoid the public corporation's possible default.
JAPAN
Sep 25, 1998

Toyota test-drive center caters to younger buyers

KOBE -- Responding to requests from younger customers, Toyota Motor Corp. will open a test driving center here on an unprecedented scale today in Nishi Ward.
JAPAN
Sep 24, 1998

Nissan sells head office in restructuring effort

In an effort to strengthen its financial position, Nissan Motor Co. on Thursday sold one of its two head office buildings in Ginza, an upscale shopping district in Tokyo, to Mori Building Development Co. and affiliate Mori Building Sangyo Co., the firm said.
JAPAN
Sep 16, 1998

Emperor takes trip to the future

The Emperor visited the Time 24 Building on the Tokyo waterfront in Koto Ward on Wednesday to get a firsthand look at future business activities and shopping via computer. The building mainly houses government organizations promoting future high-tech businesses.
JAPAN
Sep 16, 1998

Japan Tobacco asks JAL, ANA to rethink smoking ban

Japan Tobacco Inc. asked Japan Airlines Wednesday to reconsider a plan announced last week to ban smoking on all international flights starting next spring.
JAPAN
Sep 11, 1998

Mitsubishi heavyweights form financial services alliance

In a strategic move to secure an edge over competitors amid ongoing "Big Bang" financial deregulations, four financial firms in the Mitsubishi group announced Friday they are forming a business alliance that will provide a wide range of new financial services.
JAPAN
Sep 9, 1998

JNR debt-sharing proposal gains support

A plan to allocate the debt left behind by the former Japanese National Railways among the seven JR group companies received backing by economic experts during a Lower House committee meeting Wednesday.
JAPAN
Sep 7, 1998

NEC starts up communications unit in Singapore

NEC Corp. announced Monday it has set up a subsidiary in Singapore to design and develop hardware and software of base stations for wide-band Code Division Multiple Access (W-CDMA), a next-generation wide-band mobile communication system.
JAPAN
Sep 4, 1998

Police warn against copycat poisonings

The Metropolitan Police Department requested the nation's retailers and beverage makers on Friday to tighten security in the wake of a recent series of poisoning cases in Wakayama, Niigata and Nagano prefectures.
JAPAN
Sep 3, 1998

Toa Steel to announce largest postwar liquidation

Struggling steelmaker Toa Steel Co. has decided to liquidate itself in what will become the largest manufacturing failure to date in Japan's postwar era, a corporate credit research agency said Thursday.
JAPAN
Sep 3, 1998

Tokyo man shot with arrow dies

A man from Machida, western Tokyo, died after being shot through the neck with a metal arrow near his home late Wednesday night, police said.
JAPAN
Sep 3, 1998

General Motors Japan names new president

General Motors Japan Ltd. said Thursday that Mitsuru Sato, former president of Volkswagen Group Japan K.K., has become president of GM Japan, succeeding Douglas J. Herberger.
JAPAN
Sep 2, 1998

Telephone boasts e-mail, Internet functions

Sharp Corp. on Wednesday unveiled a multimedia phone that boasts e-mail and Internet browsing functions in addition to standard telephone and fax functions.
JAPAN
Sep 1, 1998

Nissan develops new emission-cutting powertrain

CHIBA -- Combining its cutting-edge engine and transmission technologies, Nissan Motor Co. has developed a new powertrain that it said can improve its vehicles' fuel economy by 50 percent and reduce carbon dioxide emissions by 35 percent.
JAPAN
Sep 1, 1998

Preventing Disaster: Safe? Leave a message after the beep

When a disaster strikes, thousands of people rush to the telephone to contact their loved ones, tying up much-needed phone lines.
JAPAN
Aug 31, 1998

JANUS system blazes trail in speech recognition

Staff writer
JAPAN
Aug 21, 1998

Skymark takes delivery of 767 for first paying flight

A Boeing 767-300, the first jetliner in the fleet of Skymark Airlines Co., the only new entry in the country's aviation industry in 35 years, arrived at Tokyo's Haneda airport Friday from Seattle prior to its initial commercial flight on Sept. 19.
JAPAN
Aug 21, 1998

Trading house Okura declared bankrupt

Okura & Co. became the nation's third-largest corporate failure in 1998 on Friday as the Tokyo District Court declared the venerable institution bankrupt with 288.3 billion yen in group liabilities.
JAPAN
Aug 17, 1998

Mita ex-chief admits window-dressing, vows to pay up

OSAKA -- The former president of photocopier maker Mita Industrial Co., which filed for application of the Corporate Rehabilitation Law earlier this month, told creditors that he would be willing to sell his personal assets as part of compensation efforts.
JAPAN
Aug 14, 1998

U.S. CPA degrees popular passport to security

Staff writer

Longform

After pandemic-era border regulations eased, Indian migrants began returning to Japan. Their population now stands at more than 50,000 across the country.
How remote work is rewriting the migrant experience in Japan