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BUSINESS
May 29, 2001

Asahi Mutual plans out refinancing

Asahi Mutual Life Insurance Co. plans to refinance some 50 billion yen in loans from several financial institutions, including Dai-Ichi Kangyo Bank, to keep its foundation fund unchanged at 100 billion yen, company officials said Monday.
BUSINESS
May 26, 2001

Youth favors new Fuji chief

Kyoji Takenaka, the incoming president of Fuji Heavy Industries Ltd., is determined to make the company a full-fledged global player with "premium brand" vehicles.
BUSINESS
May 25, 2001

Nippon Steel profit margin jumped 137% in fiscal 2000

Nippon Steel Corp. said Thursday it posted a group net profit in fiscal 2000 of 26.49 billion yen, up by 137.1 percent.
JAPAN / INTERNATIONAL RATIONALE
May 24, 2001

Foreign managers bring change to corporate life

Takashi Sato of Mitsubishi Motors Corp. fears he may be transferred because of his poor command of English -- a potentiality that was unthinkable until last year.
JAPAN
May 10, 2001

Tax evasion nets seafood giant

The Tokyo District Public Prosecutors Office on Wednesday arrested a former senior official of Maruha Corp., Japan's seafood industry leader, on suspicion of tax evasion, prosecutors said.
BUSINESS
May 5, 2001

DoCoMo's 3G service delay raises more questions

Last week's decision by NTT DoCoMo Inc. to scale back the introduction of third generation (3G) mobile phone services confirmed the skepticism of many observers about its launch date. But it proved the company was willing to cut prices to allow more consumers to access its richer, higher-speed content....
JAPAN
Apr 4, 2001

Temp staff rise said worrisome

Workers dispatched from temporary employment agencies make up one of the fastest-growing sectors of Japan's workforce.
BUSINESS
Apr 3, 2001

Three megabanks make debut

Three new megabank groups started their operations Monday morning, raising hopes that the presence of the new entities will further accelerate the disposal of bad loans held by Japanese banks.
JAPAN
Apr 3, 2001

Majority of workers worried about jobs

The majority of workers in the Tokyo metropolitan are anxious about their employment future but are also confident in their current job situation, according to a survey released Monday by a job information and placement company.
JAPAN
Mar 30, 2001

Sumitomo women lose wage bias suit

OSAKA -- The Osaka District Court has dismissed a suit filed by three female employees of Sumitomo Chemical Co. seeking a total of 160 million yen in compensation from the company for wage differences between them and their male colleagues covering nearly four decades.
JAPAN
Mar 28, 2001

Hoya to ship glass to U.S. nuclear lab

Japanese glass maker Hoya Corp. plans to resume suspended shipments of glass slabs to the U.S. Energy Department's nuclear weapons research facility, believing the product will not lead to new nuclear development, the company said.
JAPAN
Mar 16, 2001

Sumitomo execs to pay redress for losses

OSAKA -- Former executives of trading house Sumitomo Corp. reached a court-mediated settlement Thursday on a lawsuit filed by one of its shareholders over huge losses the firm sustained due to a rogue copper trader.
BUSINESS
Mar 14, 2001

Mitsui Construction plans 20 billion yen share issue

Financially troubled Mitsui Construction Co. decided at an extraordinary board meeting Tuesday to issue 20.4 billion yen worth of new shares late this month to 11 creditor financial institutions and its mercantile arm, Sanken Corp., the company announced.
BUSINESS
Feb 28, 2001

OSE to become share-issuing firm

OSAKA -- The Osaka Securities Exchange on Tuesday formally decided to convert itself into a share-issuing company from a membership organization on April 1.
BUSINESS
Feb 28, 2001

OSE to become share-issuing firm

OSAKA -- The Osaka Securities Exchange on Tuesday formally decided to convert itself into a share-issuing company from a membership organization on April 1.
BUSINESS
Feb 6, 2001

Suntory brewing up momentum in Chinese beer market

OSAKA -- Struggling to survive in the saturated domestic market, Suntory Ltd. has stepped up its operations in China in a bid to capture the hearts of beer lovers in the world's most populous country.
JAPAN
Jan 19, 2001

Three-way merger to create second-biggest travel agency

Kinki Nippon Tourist Co. and Nippon Travel Agency, Japan's second- and third-largest travel agencies, announced Thursday that they have agreed to merge in January 2003.
BUSINESS
Jan 18, 2001

Amway Japan chief looks to raise firm's public profile, sales

In an effort to combat a decline in sales amid stagnant consumer spending, Amway Japan Ltd. President Stephen A. Robbins is determined to raise the direct selling firm's public profile by forming alliances with major Japanese companies.
BUSINESS
Jan 17, 2001

Izumiya to close nine supermarkets running at a loss

OSAKA -- Izumiya Co., a midsize supermarket operator based here, will close down nine of its 20 loss-making stores and eliminate 400 jobs by introducing an early retirement program by the end of February 2003, the company said Tuesday.
BUSINESS
Jan 16, 2001

Aramaki to assume Kirin presidency

Kirin Brewery Co. said Monday it will appoint Senior Managing Director Koichiro Aramaki, 61, as the brewery's new president.
BUSINESS
Jan 11, 2001

Daiei announces new store strategy

Troubled supermarket chain Daiei Inc. on Wednesday announced a fiscal 2001 business plan that includes realigning its corporate management system and renovating all 243 of its general merchandise and discount stores by the end of fiscal 2003.
JAPAN
Jan 8, 2001

Ajinomoto denies officials in Indonesia arrested

Ajinomoto Co., a maker of food seasoning based on monosodium glutamate, denied that six of its officials were arrested in Indonesia Saturday over allegations its products contain pork extracts, an ingredient forbidden under Muslim law.
JAPAN
Jan 8, 2001

Chiyoda to sue former management

Chiyoda Mutual Life Insurance Co., which is in the process of restructuring under the corporate rehabilitation law, is planning to sue former board members for billions of yen in damages over policies blamed for causing its effective bankruptcy, company sources said Sunday.
COMMUNITY / Our Lives / PERSONALITY PROFILE
Jan 7, 2001

Yoshitami Arai

As a precocious 15-year-old in 1946, Yoshitami Arai looked around at a Japan that was, he said, "totally destroyed." Then at school in Ichikawa, Chiba Prefecture, he was already beginning to understand the need of the nation to produce businessmen who would rebuild the economy. From that time on, he...
BUSINESS
Dec 25, 2000

Taking a step toward transparent markets

Foreign investors and financial institutions have often criticized the Japanese financial market for being too ambiguous in its regulatory procedures and, in general, for still being a "closed" market.
BUSINESS
Dec 1, 2000

DoCoMo confirms push into U.S. via AT&T share deal

NTT DoCoMo Inc. officially announced Thursday that it has reached an agreement to acquire a 16 percent stake in AT&T Wireless Services Inc. of the United States for 1.79 trillion yen, securing a foothold in the country for its next-generation mobile phone technology.
EDITORIALS
Nov 28, 2000

Quit coddling NTT

The Telecommunications Council, an advisory panel to the Ministry of Posts and Telecommunications, has produced a preliminary report calling for stepped-up competition within the NTT group. The report, however, falls far short of expectations. The overall impression is that the panel is keen to minimize...
EDITORIALS
Nov 8, 2000

Reform is key to winning IT race

The world is gripped with IT fever. Despite linguistic differences, IT, shorthand for information technology, is a buzzword even here. It is believed to hold the key to the future development of the Japanese economy. That is why Prime Minister Yoshiro Mori is leading the drive for an IT revolution. ...
LIFE / Digital / CYBERIA
Nov 8, 2000

Nihongo dekiru?

Nihongo dekiru? Since Amazon.com opened for business, its biggest foreign market has been Japan. The company has about 193,000 customers here and they ring up about $34 million worth of sales. Mind you, the domestic Japanese market for online book sales is only $46 million. (In the name of full disclosure,...
Man held after two injured in Tokyo Metro knife attack
Police outside Todaimae Station on the Namboku Line on Wednesday evening after a knife attack at the station 　
U.S. and Japan remain far apart on tariffs
Japan's Economic Revitalization Minister Ryosei Akazawa speaks to the press upon his arrival at Haneda Airport on April 18. He has said that all tariffs need to be reconsidered by the United States.
Japan's 'ice age' employment generation is at risk of poverty during retirement
Those who entered the job market from around 1993 to 2004, when long-term stagnation started, are likely to struggle even more to make ends meet after retirement.
India strikes Pakistan over Kashmir tourist killings
Indian paramilitary personnel stand guard along a road in Srinagar on Wednesday after New Delhi launched missile strikes on archrival Pakistan in a major escalation between the nuclear-armed neighbors.
Japan’s tycoon families seek buyouts to evade investor pressure
Akio Toyoda’s $42 billion plan to buy Toyota Industries is one of the examples in a recent wave of management buyout ambitions in Japan.
SusHi Tech Tokyo 2025 expands to become one of Asia's largest startup events
SusHi Tech Tokyo 2025 was bustling with participants of various nationalities Thursday, and multiple languages could be heard around the room as many engaged in conversations throughout the day.
Celebrating Japan’s defeat at Shimoda’s Black Ships Festival
Tatsumi Onose (right), who plays the part of Commodore Matthew Perry in Shimoda's Black Ship Festival, says the historical episode the event is based on should be remembered for its positives more than its negatives.
'Big picture thinker': Ispace CEO Hakamada on reaching the moon and dreaming of starships
Takeshi Hakamada, founder and CEO of Ispace, says his primary interest in space development is not to abandon Earth, but to protect it.
The drive for luxury: Aston Martin Asia's president explains the desire for more
While for Aston Martin, it’s all about delivering luxury, their regional president for Asia Gregory Adams' start in the auto industry in Japan was far more humble.
Why are rice prices still high in Japan?
Amid shortages, the price of a 5-kilogram bag of rice during the week of April 14 was ¥4,220.

Podcast

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

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
By Hanako Lowry

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