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Japan Times
BUSINESS / INDUSTRY TRENDS
Jul 24, 2003

Got milk delivery? Doorstep service doubles in last 10 years

Although once destined to share the same road to oblivion as black and white TVs and rotary telephones, doorstep milk deliveries have been staging a solid comeback.
Japan Times
BUSINESS
Jul 9, 2003

Popular nightclub a microcosm of pain, potential of deflation-beset Japan

Tokyo nightclub owner Sakura Masui is nowhere close to the modern-day geisha girl she appears to be, shuffling demurely in a purple kimono as she pours drinks and chats in hushed tones.
BUSINESS
Jun 6, 2003

Capital investment slides for sixth quarter in row

Capital investment dropped 3 percent in the January-March period from a year earlier, down for the sixth consecutive quarter, according to a Finance Ministry survey released Thursday.
EDITORIALS
Jun 2, 2003

Keep political donations transparent

Stung by a series of corruption scandals since last year, the ruling-coalition parties have begun talks aimed at updating some of the rules governing the financing of political campaigns in Japan. The Liberal Democratic Party seeks to raise the legal limit on donations that do not require disclosure...
Japan Times
BUSINESS
May 27, 2003

Banks remain in the red for second straight year

Japan's seven major banking groups stayed mired squarely in the red for the second year in a row, spending more than 5 trillion yen to dispose of bad loans and shouldering over 3 trillion yen in stock-related losses for the 12 months ended March, business results confirmed Monday.
CULTURE / Books / THE ASIAN BOOKSHELF
May 11, 2003

Changes in consumer concerns

CONSUMER POLITICS IN POSTWAR JAPAN: The Institutional Boundaries of Citizen Activism, by Patricia Maclachlan. Columbia University Press, New York, 2002, 270 pp., $18.50 (cloth) This excellent study richly evokes the struggle and frustrations of Japanese consumer organizations in the post-World War II...
Japan Times
BUSINESS
May 1, 2003

Flailing Japanese companies, government turn to U.S. recovery 'guru'

Japan, still struggling to find a way out of its bad-loan quagmire, is looking for salvation from a "guru" credited with turning around whole sectors of U.S. industry.
BUSINESS
Apr 25, 2003

Sony group profit soars sevenfold

Sony Corp. said Thursday its group net profit in fiscal 2002 skyrocketed to 115.52 billion yen -- more than 7.5 times its 15.3 billion yen profit the previous year -- on strong movie sales and cost cutting.
BUSINESS
Apr 25, 2003

NEC failed to post a profit again in 2002

NEC Corp. said Thursday it stayed in the red in fiscal 2002 for the second consecutive year, with a consolidated net loss of 24.56 billion yen.
Japan Times
BUSINESS
Apr 21, 2003

Can markets defeat global uncertainty?

With the Saddam Hussein regime effectively ousted, the world is a lot less jittery than when the U.S.-led war in Iraq began, but that doesn't mean clear skies for the global economy, according to Edwin A. Finn Jr., editor and president of Barron's magazine.
EDITORIALS
Apr 14, 2003

Easing cash flow for small firms

Small businesses in Japan are having severe cash-flow difficulties, even though the Bank of Japan is pumping plenty of money into the banking system. This is because debt-burdened banks are following restrictive lending practices. In an unprecedented move to help those cash-strapped companies, the central...
Japan Times
BUSINESS
Mar 5, 2003

Honda turns attention to skies

Entering the robot business with its Asimo humanoid, Honda Motor Co. is now trying to advance into a new field with its newly developed engine for small aircraft.
BUSINESS
Feb 22, 2003

Asahi group's pretax profit sinks 5.1% on weak sales

Asahi Breweries Ltd. said Friday its group pretax profit for the business year to Dec. 31 fell 5.1 percent from the previous year to 57.55 billion yen due to weak sales.
Japan Times
JAPAN
Feb 14, 2003

Loan sharks feasting on ballooning number of people deep in debt

With the economy in the doldrums for years and unemployment at a record high, Japanese are racking up debts, falling prey to loan sharks and declaring bankruptcy by the thousands.
Japan Times
BUSINESS
Feb 14, 2003

Toray Industries chief puts faith in technological research

Sadayuki Sakakibara, president of Toray Industries Inc., is confident there are researchers at his company who have the potential to win a Nobel Prize, just like Shimadzu Corp.'s Koichi Tanaka.
COMMENTARY / World
Feb 13, 2003

Time for a Japan-Chile free trade accord

Chilean President Ricardo Lagos is currently visiting Japan at the official invitation of Prime Minister Junichiro Koizumi. I suppose that one of the aims of his visit is to ask Japan to begin a joint study with Chile on the possibility of a free trade agreement, or FTA, between Japan and Chile. I say,...
BUSINESS
Feb 11, 2003

Nissho Iwai targets bonuses to shape up ahead of merger

Nissho Iwai Corp. has proposed to its union that it pay no bonuses to nonmanagement staff in the business year starting April 1, a move that would effectively cut their annual salaries by about 20 percent, company officials said Monday.
BUSINESS / ON MANAGEMENT
Jan 14, 2003

The Bad News Bearer: How to look good even if the tidings aren't glad

The scene was a lavish business function, the type we're seeing less and less of these days. Asked by an earnest professor at a prestigious business school what sort of unorthodox job skills he would wish on today's generation of MBAs, the CEO -- and the party's host -- thought a moment before flashing...
JAPAN
Jan 10, 2003

Recession proving to be karaoke industry's ultimate sour note

After a decade in the karaoke business, lounge owner Kagura Muto has heard her share of sour notes. But business of late has been a different sort of flat.
BUSINESS
Jan 8, 2003

Major banks opt to put greater emphasis on private banking

The banking industry has begun putting greater emphasis on private banking as it seeks to increase profitability and eradicate huge loan-loss charges.
COMMENTARY
Jan 6, 2003

Time to rock economic boat

After remaining in the doldrums for more than 10 years, the Japanese economy is now plagued by deflation. The Tokyo Stock Exchange's benchmark Nikkei index has fallen to the 8,500 level, and the nation's unemployment rate remains high. Last fall the government announced a policy package for expediting...
EDITORIALS
Dec 23, 2002

Pay cuts demand job security

It has been a long time since the word "shunto" -- the spring labor offensive -- stood for its traditional meaning. With the domestic economy caught in a deflationary spiral, the idea of winning across-the-board wage concessions from management on top of regular pay increases no longer holds water. So...
BUSINESS
Nov 26, 2002

Seiyu to sell financing unit to Lone Star

Major supermarket chain Seiyu Ltd. said Monday it will sell Tokyo City Finance Co. to the U.S. investment fund Lone Star Group on Friday.
BUSINESS
Nov 19, 2002

NTT posts first-ever fall in consolidated revenues

Telecom giant Nippon Telegraph and Telephone Corp. reported Monday that its consolidated sales fell 1.7 percent to 5.37 trillion yen in the fiscal first half to Sept. 30, marking the first-ever decline in revenue since the firm's privatization in 1985.
Japan Times
JAPAN
Nov 14, 2002

Innovation takes off if colleges, businesses link: Stanford head

With the economy in dire need of a boost, an increasing number of Japan's universities have, with government support, started collaborating with the private sector to create new businesses to revamp the nation's industrial competitiveness.
BUSINESS
Nov 14, 2002

Profits must answer to ethics, expert says

The seemingly endless series of corporate scandals emerging around the world underscores the point that responsible business management is in the long term vital to making profits, according to the leader of a global group that promotes business ethics.
Japan Times
COMMUNITY
Oct 26, 2002

Social entrepreneur targets cross-cultural themes

Ken Nakamori has a dream: a vision of deepening the understanding between people of different countries and creating a new bridge of communication through digital media communities.
EDITORIALS
Sep 26, 2002

A harmful exception to the rule

Banking reform in Japan continues to disappoint. The general perception is that both authorities and banks are mostly taking stopgap measures, such as the Bank of Japan's plan to buy bank shares. Another notable example of expediency is the de facto reversal of the government decision to abolish full...

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