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COMMENTARY
Jan 4, 2003

Pluses and minuses of 2002

LONDON -- "It could have been worse!" say the pundits. There was no repeat of Sept. 11, and there has not been a major conflict. Nor has there been a world-shaking financial crisis. But 2002 was not a good year for many people, and 2003 may not be any better. The balance sheet is not easy to calculate,...
BUSINESS
Oct 16, 2001

Future UFJ bosses pledge support for embattled Daiei

OSAKA -- The president-designate and chairman-designate of the envisioned UFJ Bank pledged Monday to maintain credit lines for financially beleaguered supermarket chain operator Daiei Inc.
BUSINESS / ON THE FRONT LINE
Sep 12, 2001

Is the greenback poised to ravage the yen?

Having fallen below 120 yen in recent weeks, the dollar has bounced back and now appears poised to gain further ground.
JAPAN
May 4, 1998

Tokyo-Mitsubishi chief defends wining, dining customs

Staff writer
JAPAN
Jan 6, 1997

TSE starts sluggishly as dollar tests 117 yen

Japan's financial markets started the New Year's first trading Jan. 6 with ominous news: The dollar momentarily reached 117 yen -- its highest level since March 1993.Although the U.S. currency later fell back to the 116 yen range, and the Nikkei Stock Average of the Tokyo Stock Exchange subsequently...
Japan Times
Special Supplements / Hiroshima G7 Summit Special
May 19, 2023

Nonstate actors issue call for stronger climate policies

The Japan Climate Initiative, a network that connects stakeholders who are taking action on climate change, held a news conference to announce the release of its message, “Overcoming Two Crises with Renewable Energy and Carbon Pricing,” in Sapporo on April 12, three days before the G7 Ministers’...
BUSINESS / Economy
Feb 14, 2023

Policy path in focus as Kazuo Ueda nominated to be Bank of Japan chief

An academic, author and former BOJ board member, Ueda will be tasked with leading the BOJ through a challenging period.
Japan Times
LIFE / Lifestyle
Apr 16, 2022

Money matters: Fight inflation with better finance fundamentals

In the face of inflation-induced price hikes, it's back to basics for personal finance.
Japan Times
ASIA PACIFIC
Mar 29, 2022

Shanghai residents told to stay indoors as lockdown tightened

The rules came a day after the city started sealing off its 25 million people in two stages.
Japan Times
BUSINESS / FOCUS
Jan 5, 2022

London’s fintech boom opens the door for dirty money

A fast-growing breed of startups present themselves as alternatives to old-fashioned banking, but critics say they're an easy conduit for financial crime.
Japan Times
WORLD
Dec 3, 2021

Enron's cast of characters: Where they are 20 years after the fall

Here's a look at some of the prominent players in the scandal — both fallen executives and those who investigated them — and where they are now.
Japan Times
BUSINESS
Oct 9, 2021

Tycoon behind a crisis-era property crash now sits on a $9 billion debt mountain

Germany's Adler Group owes its creditors more than u20ac8 billion ($9.3 billion) and bears warn it might be more leveraged than it appears.
Japan Times
WORLD / FOCUS
Aug 9, 2021

How a little-known G7 task force unwittingly helps governments target critics

Anti-money laundering guidelines are being used by some countries to investigate and freeze the assets of rights groups, lawyers and journalists.
A customer shops at a sushi counter at the Food Le Parc supermarket in Hong Kong.
BUSINESS / Economy
Aug 24, 2023

Hong Kong restaurants brace for cost jump after Japan seafood ban

The saga is yet another headache for the city’s restaurant industry, which is still suffering from the effects from pandemic curbs and a worker shortage.
Kioxia's Kitakami plant in Kitakami, Iwate Prefecture. Western Digital and Kioxia initially aimed to reach a decision on a merger in August, but discussions have dragged on as the companies tried to iron out details.
BUSINESS / Companies
Sep 20, 2023

Banks prepare ¥2 trillion funds for Kioxia-Western Digital merger

The moves towards a refinancing commitment would mark a step forward in the merger, which has faced months of delays.
Former FTX chief executive Sam Bankman-Fried leaves Manhattan federal court in New York in January.
BUSINESS / FOCUS
Nov 4, 2023

Swift FTX case vindicates prosecution ‘need for speed’

ON Thursday, the jury took only a few hours to convict Sam Bankman-Fried of treating FTX as his personal piggy bank.
Prime Minister Fumio Kishida awaits the results of  a vote on a no-confidence motion in the Lower House against his Cabinet on Wednesday over the ongoing party financing scandal.
COMMENTARY / Japan
Dec 14, 2023

Kishida tries to clean up the Liberal Democratic Party house

A political event of the magnitude of the LDP-funding scandal bears close observation of what happened, why and what comes next.
The Bank of Japan headquarters in Tokyo. BOJ Gov. Kazuo Ueda told lawmakers in parliament that his job was about to get even more "challenging” from the end of the year, adding to speculation of looming action by the central bank.
BUSINESS
Dec 15, 2023

BOJ set to stay outlier as 2024 hike seen in contrast to Fed

The Bank of Japan has become used to being a policy outlier over its decades-long quest to vanquish deflation. It’s likely to be no different in 2024.
Today in Russia, a robust consumer world carries on, helping Russian President Vladimir Putin maintain a sense of normalcy despite a war that has proved longer, deadlier and costlier than he predicted.
WORLD / Politics
Dec 19, 2023

How Putin turned a Western boycott into a bonanza

If companies want to leave Russia, the president is setting the terms — in ways that benefit his government, his elites and his war.
Kazuto Oku, CEO of Norinchukin Bank, speaks during a news conference in Tokyo on May 22.
BUSINESS / Companies
Jun 20, 2024

Norinchukin sounds warning as higher-for-longer rates inflict losses

Signals from central banks that they are in no rush to cut rates have caught out many investors who'd been betting on more aggressive moves.
Analysts say Warren Buffett may be looking to buy Japanese financial firms and shipping companies.
BUSINESS / Economy
Oct 3, 2024

Buffett may target Japan banks or insurers for next purchase, analysts say

The billionaire’s company this week mandated banks to manage a yen bond sale in the global market, in a sign he may increase holdings in Japan.
Itochu has tapped Daiwa Securities Group and the founding Ito family has hired SMBC Nikko Securities as financial advisers for their ¥9 trillion ($58.4 billion) proposal to take Seven & I Holdings private, people with knowledge of the matter have said.
BUSINESS / Companies
Nov 25, 2024

Nomura, Daiwa and other advisers win coveted Seven & I buyout roles

The multitude of financial advisers reflects the complexity of any potential buyout, as well as the lucrative fees if consummated.
Makoto Uchida (left), chief executive officer of Nissan Motor, and Toshihiro Mibe, chief executive officer of Honda Motor, attend a joint news conference in Tokyo in August.
BUSINESS / Companies
Dec 18, 2024

Nissan and Honda consider merger to take on world's biggest carmaker

Such a deal would create an automotive rival to Toyota and would effectively consolidate the Japanese auto industry into two camps.
An undated photo of a poster in a window promoting shows at Lincoln Center by Shen Yun, which in its 2023-2024 season performed more than 800 times on five continents, in New York. Over the past decade, the dance group Shen Yun Performing Arts has made money at a staggering rate in large part by getting followers of the Falun Gong religious movement to work for free and pay its bills.
ASIA PACIFIC / Politics
Dec 31, 2024

How Shen Yun tapped religious fervor to make $266 million

Shen Yun’s success flows in part from its ability to pack venues worldwide — while exploiting young, low-paid performers with little regard for their health or well-being.
Major Japanese banks are tightening controls on the management of safe-deposit boxes after a string of thefts involving bank employees rocked public confidence.
BUSINESS / Companies
Feb 24, 2025

Japanese banks to rethink security measures for safe-deposit boxes

A string of thefts involving bank employees have intensified scrutiny of a segment already grappling with weak demand and thin margins.
In all, global investors plowed around $315 million into eFishery’s preferred shares over five funding rounds.
BUSINESS / Companies
Feb 24, 2025

SoftBank among eFishery investors facing near wipeout

Investors in the startup, which deploys feeders to fish and shrimp farmers in Indonesia, are likely to get back less than 10 cents for every dollar they invested.

Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic