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JAPAN
Mar 12, 2003

NPOs up in arms over plan to curtail their tax exemptions

HIROKO NAKATA Staff writer A government plan to restrict the tax breaks enjoyed by so-called public-interest corporations has sparked a flurry of protests from some nonprofit organizations that fear it would dampen their civic activities.
BUSINESS
Mar 11, 2003

Ando to inject Hazama with 1 billion yen

Midsize general contractor Ando Corp. said Monday it has agreed to forge a capital tieup with Hazama Corp., seeking to inject the troubled builder with 1 billion yen through the purchase of preferred shares.
Japan Times
JAPAN
Mar 7, 2003

Panel brings Sakai's arrest one step closer

In another blow to Prime Minister Junichiro Koizumi and the ruling coalition, the House of Representatives Steering Committee agreed Thursday to have the full chamber vote on a request to arrest LDP lawmaker Takanori Sakai over alleged political fund law violations.
BUSINESS
Feb 27, 2003

Visiting Belgian leader seeks Japan investment

Belgian Prime Minister Guy Verhofstadt called Wednesday for increased Japanese investment in Belgium, saying his country has steadily carried out economic reforms, including corporate tax cuts.
ENVIRONMENT / OUR PLANET EARTH
Feb 27, 2003

Environment Bushwhack

U.S. Civil War General William Sherman is credited with uttering the sage words, "War is hell." War is hell on the environment as well, and U.S. President George W. Bush's "War on Terror" is no exception. Ironically, the environment being degraded is America's own.
BUSINESS
Feb 26, 2003

Cabinet chimes in on antideflation expectations

Cabinet ministers voiced expectations Tuesday that the government and the Bank of Japan will cooperate more closely to combat deflation following Monday's nomination of Toshihiko Fukui as the new BOJ chief.
COMMENTARY
Feb 24, 2003

Reform of the fourth estate

I was stunned by recent media reports that Takuhiko Tsuruta, president of the Nihon Keizai Shimbun newspaper, had become a whistle-blowing target. At a company shareholders meeting, a proposal demanding Tsuruta's dismissal from the board was presented by an editor and shareholder of the newspaper. Tsuruta...
COMMENTARY / WASHINGTON UPDATE
Feb 22, 2003

Antiwar fever rises as the economy sinks

WASHINGTON -- Two big questions have dominated Washington this week. When will this horrible, cold winter end? And when will the war in Iraq begin? While they are different subjects with different consequences, they are getting about equal time in the capital's conversation content.
COMMENTARY / World
Feb 16, 2003

Democracy in Myanmar going nowhere

Myanmar has no formal greeting words. A surprise? But we have variations that are more practical to our lives, depending on the time and circumstances. If you meet someone along the way, the most common words are: Where do you come from? Where are you going? Or, how are your father's, mother's or your...
BUSINESS
Feb 14, 2003

Sega and Sammy Corp. announce October tieup

Sega Corp. and pachinko machine maker Sammy Corp. announced Thursday that they will merge on Oct. 1, a move seen aimed at resolving Sega's financial troubles.
BUSINESS
Feb 8, 2003

Place your money where your mouth is: Takenaka

Financial Services Minister Heizo Takenaka called on other Cabinet ministers Friday to buy investment trust products linked to stock market indexes to encourage people to shift their money from savings to investments.
BUSINESS
Jan 28, 2003

Okuda pushes yield cuts by insurers

Hiroshi Okuda, chairman of the Japan Business Federation (Nippon Keidanren), said Monday he may tolerate a cut in the guaranteed yields offered by life insurers to their policyholders.
Japan Times
JAPAN
Jan 23, 2003

Landmark ruling in day-care case

The former president of a nationwide chain of day-care centers was sentenced Wednesday to a suspended one-year prison term for professional negligence resulting in the death of a 4-month-old boy.
BUSINESS
Jan 16, 2003

Tokyo, Shenzhen bourses sign accord

The Tokyo Stock Exchange and China's Shenzhen Stock Exchange signed an agreement Wednesday on cooperation in developing financial markets in Japan and China, the TSE said.
BUSINESS
Jan 12, 2003

Daiei to scrap tie-up with electronics discounter

Daiei Inc. said Saturday it will scrap a sales tieup with Yamada Denki Co., a move that will force the troubled retail giant to review its strategy for increasing slumping sales of household appliances.
JAPAN
Jan 4, 2003

Business chiefs gloomy on future

More than 90 out of 100 business leaders polled by Kyodo News in December are gloomy about the nation's future, saying the economy has either stalled or is deteriorating.
EDITORIALS
Dec 10, 2002

The larger, the better?

Japan has about 3,200 cities, towns and villages. The government and the Liberal Democratic Party, among others, think that is too many. They believe that small districts should be consolidated to improve administrative efficiency so that they can better meet the diverse needs of residents.
EDITORIALS
Nov 30, 2002

A new law to help the abductees

The government is set to provide financial and other support for Japanese nationals abducted to North Korea and their family members who return to Japan. On Thursday the Lower House unanimously passed a special bill for this purpose, which is due to clear the Upper House next week and take effect Jan....
BUSINESS
Nov 30, 2002

State's debt-collection agencies to confer

The head of Resolution and Collection Corp. voiced willingness Friday to boost ties with the planned state-backed industrial revival body that will be tasked with buying bank loans extended to troubled firms in an effort to help rehabilitate the companies in question.
Japan Times
BUSINESS
Nov 27, 2002

Game software firms Enix, Square to merge on April 1

Game software makers Enix Corp. and Square Co. said Tuesday they have agreed to merge on April 1 to bolster their earnings base and development capacity.
BUSINESS
Nov 26, 2002

FSA to allow life insurers to cut yields

To ward off bankruptcy amid the deteriorating investment climate, the Financial Services Agency will allow life insurance companies to reduce the investment returns they have promised to policyholders, sources said Monday.
BUSINESS
Nov 15, 2002

Ailing trader Tomen asks Toyota group for assistance

Struggling trading house Tomen Corp. said Thursday its earnings for the first half to Sept. 30 plunged with sluggish revenues, and its president said the company is reaching out to the Toyota Motor Corp. group for assistance.
BUSINESS
Nov 13, 2002

Economic ministers put extra budget on agenda

Key economic ministers put the compilation of an extra budget for fiscal 2002 on the political agenda Tuesday but maintained an official decision has yet to be made.
BUSINESS
Nov 12, 2002

Koizumi defends intervention

Prime Minister Junichiro Koizumi on Monday defended the government's plan to try to revive insolvent companies that are cut off by their banks amid growing criticism it is attempting to interfere in private sector affairs.
BUSINESS
Nov 9, 2002

Shiokawa wants 'major cuts' in national capital gains tax

Finance Minister Masajuro Shiokawa said Friday the capital gains tax should be significantly reduced -- although not to zero, because that would cause problems for the tax system.
COMMENTARY
Nov 4, 2002

Economy linked to security

The fight against terrorism emerged as the top issue at the summit of the Asia-Pacific Economic Cooperation forum, whose original aim was to promote sustainable economic growth. This reflected awareness among participants at the summit -- held Oct. 26-27 in Los Cabos, Mexico -- that terrorism affects...
BUSINESS
Nov 2, 2002

Targets for debt ratios to be part of rescue deal

The government is considering setting debt-ratio targets that companies in danger of folding will be required to meet before getting government help securing further financing, Economy, Trade and Industry Minister Takeo Hiranuma said Friday.
ANNOUNCEMENTS
Oct 24, 2002

EU reticent over funding Pyongyang nuclear reactors

European Union member states have voiced reservations over continuing to fund an international consortium to help build light-water nuclear reactors in North Korea, EU's new ambassador to Japan Bernhard Zepter said Wednesday.
COMMENTARY / JAPAN IN THE GLOBAL ERA
Oct 21, 2002

Contributing to the spread of democracy

LAUSANNE, Switzerland -- In a recent editorial, the Financial Times admonished the European Union and its member states, "(for) having consistently failed to grasp the broad historic significance of the fall of the Berlin Wall nearly 13 years ago." It is in fact an awesome event, the significance of...

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