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JAPAN
Nov 9, 1998

BT slates start of corporate telecom services

BT Communications Services Inc., an affiliate of British Telecommunications PLC, will launch new international services for corporate users beginning in February, officials of the BT group announced on Monday.
JAPAN
Nov 9, 1998

Ito-Yokado goes on nationwide tax-fighting sale

Ito-Yokado, one of the nation's leading supermarket chains, said Monday it will again offer a 5 percent discount on sales, this time for five days starting Wednesday at outlets nationwide except for Hokkaido.
JAPAN
Nov 9, 1998

Yaohan ex-chief, execs held in dividend scam

SHIZUOKA -- The ex-president of defunct supermarket chain Yaohan Japan Corp. was arrested by police Monday along with two other executives on suspicion balance sheets were falsified to pay shareholders illegal dividends.
JAPAN
Nov 3, 1998

Lower costs fuel boom in exotic, quirky overseas weddings

Regional correspondent
JAPAN
Nov 1, 1998

BOJ financing on track, board notes

Signs of a recent move by the Bank of Japan's Policy Board to take a series of new steps to enhance corporate financing were noted in its Oct. 13 meeting, according to the minutes released Wednesday.
JAPAN
Oct 30, 1998

Northwest begins booking flights online

Northwest Airlines, Inc. has become the first foreign air carrier to accept ticket reservations and purchases through its Japanese Web site, the company announced Friday.The Internet service covers flights by Northwest Airlines and its partner, KLM Royal Dutch Airlines. Customers can book and buy yen-denominated...
JAPAN
Oct 30, 1998

JAL first-half profits down 9.1%

Japan Airlines Co. reported 27.8 billion yen in operating profits on an unconsolidated basis for the first half of fiscal 1998, down 24.4 percent from the same period of the previous year, due to the downward trend of air fares, the officials announced on Friday.For the April-September period JAL posted...
JAPAN
Oct 30, 1998

Global satellite phone systems prepare to power up

Staff writerA new global satellite phone system that promises to release users from the fetters of conventional, bulky and cumbersome mobile phones currently in use begins service Sunday amid mixed expectations regarding its success.Nippon Iridium Corp.'s new Iridium service will provide customers with...
JAPAN
Oct 27, 1998

Small firms call out for faster government action

Small and medium-size companies urged the government Tuesday to accelerate efforts to substantially improve their business conditions, including early compilation of a large-scale third supplementary budget."Small and medium-size companies are facing an unprecedented crisis. We want the government to...
JAPAN
Oct 26, 1998

'Air Do' gets go-ahead for Sapporo-to-Tokyo flights

Hokkaido International Airlines obtained a license Monday from the Transport Ministry to operate regular passenger flights between Sapporo and Tokyo, thus becoming the second new carrier to enter the domestic airline market under ongoing deregulation efforts.The Sapporo-based firm, better known as "Air...
JAPAN
Oct 26, 1998

Kuwait seeks more investment from Japan

Kuwait hopes to attract more Japanese investment when it enacts a new investment law, Kuwaiti Deputy Prime Minister and Foreign Minister Sabah Al Ahmad Al Sabah told Prime Minister Keizo Obuchi on Monday.Sabah told Obuchi that Kuwait wants to expand relations with Japan in various areas, especially...
JAPAN
Oct 23, 1998

Faltering Ford charts new recovery path

Struggling to gain a foothold in Japan, senior officials of Ford Motor's Japanese subsidiary next week will begin visiting affiliated auto dealers across the country.
JAPAN
Oct 22, 1998

Kansai cop fired for 'avoiding' accident

OSAKA -- A 50-year-old police officer from the Izumisano Police Station was fired after it was disclosed that he arranged for a third person to be charged in an injury accident he caused in June while driving without a license, police said Thursday.The assistant inspector, who has not been named, received...
JAPAN
Oct 22, 1998

Nomura, Daiwa, Nikko awash in red ink

The nation's three largest securities companies all realized net losses for the first half of fiscal 1998 on an unconsolidated basis, they said in releasing midterm earnings reports Thursday.Nomura Securities Co., Daiwa Securities Co. and Nikko Securities Co., which all released results for the April-September...
JAPAN
Oct 19, 1998

Small firms get tips on coping with credit crunch

Managers from about 250 small and medium-size companies based in Tokyo gathered Monday for advice on coping with the worsening credit crunch.The Tokyo Chamber of Commerce hosted the seminar as many smaller firms are finding it difficult to obtain loans from Japanese financial institutions. Participants...
JAPAN
Oct 19, 1998

Six DKB execs freed for paying 'sokaiya'

The Tokyo District Court handed down suspended prison sentences Monday to six former Dai-Ichi Kangyo Bank executives in connection with the bank's illicit payments to "sokaiya" corporate extortionist Ryuichi Koike.Presiding Judge Kiyoshi Kimura sentenced former DKB Senior Managing Director Kenji Tanaka,...
JAPAN
Oct 19, 1998

Shiga rail crash hearings come to end

OSAKA -- The Osaka District Court concluded hearings Monday in a civil suit filed by relatives of some of the 42 people killed and 614 hurt in a head-on train collision in 1991 in Shigaraki, Shiga Prefecture.A group of 23 plaintiffs, relatives of nine of those killed, demanded a total of 1.14 billion...
JAPAN
Oct 19, 1998

Atami's fortune no longer springs eternal

Staff writerATAMI, Shizuoka Pref. -- This used to be one of the most popular spa resorts in Japan, with streets packed with yukata-dressed tourists and hotel rooms fully booked for company parties.But such memories have been fading in Atami. Hard-hit by earthquakes and the recession, the city's central...
JAPAN
Oct 14, 1998

Corporate failures in first half surge to postwar high

The number of corporate bankruptcies with debts of more than 10 million yen each totaled 10,034 during the first half of fiscal 1998 -- the April to September period -- major corporate research firm Teikoku Databank said Wednesday.It was the first time in 14 years the figure has exceeded 10,000 during...
JAPAN
Oct 14, 1998

Chiyoda Life, UNUM boost tieup

Chiyoda Mutual Life Insurance Co. and UNUM Corp., a major nonlife insurer in the United States, have agreed to strengthen their current sales tieup arrangements, with Chiyoda reinsuring UNUM's insurance contracts, the two companies said Wednesday.With the agreement, Chiyoda is the nation's first life...
JAPAN
Oct 13, 1998

Tax evasion, bribes earn Izui two years in prison

The Tokyo District Court sentenced oil dealer Junichi Izui to two years in prison Tuesday for tax evasion and bribery, and acquitted him on a fraud charge over a series of oil deals involving Mitsui Mining Co. and other firms.Presiding Judge Kohei Ikeda also levied 80 million yen in fines against the...
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.
Wealthy foreign nationals picking up ultimate souvenir — a condo in Tokyo
A high-end property in the fashionable Daikanyama district in Tokyo
Bank of Japan to start unloading ETFs in surprise move that rattles market
BOJ Gov. Kazuo Ueda said it would take a century for the bank to sell all its ETFs at the pace proposed.
Over 90% of low-income families in Japan struggling to feed children
Save the Children Japan domestic program chief Sonoko Kawakami speaks at a news conference in Tokyo in July. A survey conducted by the group in June has found that over 90% of low-income households with children face food insecurity.
JAL to punish president and 36 others over pilot drinking scandal
Japan Airlines Managing Executive Officer Yukio Nakagawa (center) and others apologize after one of the airline's pilots was found to have been drinking alcohol, during a news conference in Tokyo on Sept. 4.
After seven decades, is it finally time for the LDP to split up?
Signage atop the Liberal Democratic Party headquarters in Tokyo. Japan’s ruling party faces a tough decision over its future as it searches for a new leader to replace outgoing Prime Minister Shigeru Ishiba, reverse its waning popularity and reassure investors
World Athletics stars relish Tokyo atmosphere after COVID-hit Olympics
Organizers of the World Athletics Championships said over 500,000 tickets had been sold and that they are expecting to end the event in front of large crowds this weekend.
Japan’s front-line researchers see bright path ahead for dementia treatment
A scientist looks at scans of grains at the Memory Centre at the Department of Readaptation and Geriatrics of the University Hospital (HUG) in Geneva, Switzerland, on June 6, 2023.
Still plenty to fight for, says Japan’s team leader at worlds
Race walker Hayato Katsuki earned bronze for Japan on the opening day of the World Athletics Championships on Saturday.
Wealthy foreign nationals picking up ultimate souvenir — a condo in Tokyo
A high-end property in the fashionable Daikanyama district in Tokyo
Japanese athletes inspired by raucous home fans at World Athletics Championships
Fans cheer on the home favorites during the women's marathon at the World Athletics Championships in Tokyo on Sunday.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’
By Alex K.T. Martin

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