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COMMENTARY / World
Oct 17, 2003

Bubbles feed on more than irrationality

GUATEMALA CITY -- Government officials in China and South Korea are confronted with the troubling prospects of a real estate bubble evident in soaring prices in parts of Shanghai and Seoul. After all, it was the bursting of the asset bubbles in Japan that set the stage for a lost decade of sluggish economic...
BUSINESS
Oct 16, 2003

Government says economy remains on track for recovery

The government said Wednesday the economy remains on a recovery track, but it cautioned against a possible adverse impact from fluctuations in the foreign-exchange and stock markets, as well as turbulence in the global economy.
Japan Times
JAPAN
Oct 6, 2003

Japan Highway president is sacked

Land, Transport and Infrastructure Minister Nobuteru Ishihara told Japan Highway Public Corp. President Haruho Fujii on Sunday to hand in his resignation Monday to take responsibility for the semigovernmental firm's controversial balance sheet.
COMMENTARY / World
Sep 26, 2003

Dollar peg undermines China's economy

As Beijing is pressured to halt currency intervention, arguments are generally proposed in terms of the possible benefits to other countries. Such an argument is less compelling than one that points out how China might benefit from an end to its peg against the U.S. dollar. In any event, China's fixed...
EDITORIALS
Sep 25, 2003

A veiled but strong G7 message

China maintains a de facto fixed exchange rate for the yuan. Japan has continued to intervene aggressively to prevent a sharp rise in the yen. In a veiled criticism of both countries' currency policies, a communique issued last weekend by Group of Seven finance ministers and central bankers called for...
BUSINESS
Sep 25, 2003

Bridgestone cuts earnings outlook after fire

Tire manufacturer Bridgestone Corp. released a revised earnings outlook Wednesday that includes the impact of a fire at its Tochigi factory earlier this month, lowering net and pretax profit forecasts for the year ending Dec. 31.
Japan Times
JAPAN
Sep 23, 2003

Key ministers keep jobs as Koizumi plays it safe

Having surprised everyone by naming young Shinzo Abe as the new secretary general of the LDP on Sunday, Prime Minister Junichiro Koizumi opted for a more staid formula in announcing his new Cabinet on Monday.
COMMENTARY
Sep 23, 2003

LDP factions losing clout

The Liberal Democratic Party is an assemblage of factions. Since it has held the reins of government almost continuously, the LDP has derived much of its vitality from factional power struggles for the party presidency and the prime ministership.
JAPAN / Media / MEDIA MIX
Sep 21, 2003

An endless supply of meat for loan sharks

Half the job of solving social problems is getting the word out. This is especially true when it comes to criminal activities like fraud. Victims of fraud are by definition people who don't know enough about fraud to realize when they're being ripped off.
Japan Times
JAPAN
Sep 21, 2003

Koizumi wins new mandate to lead LDP

Prime Minister Junichiro Koizumi was re-elected head of the ruling Liberal Democratic Party on Saturday, a sweeping victory in a vote by LDP politicians and the party's local chapters over his three challengers.
COMMENTARY
Sep 20, 2003

Liberal ideals gain ground in the Asia-Pacific region

MANILA -- In past decades, liberal democracy and economic freedom have made great advances in all parts of the world. This general trend also applies to Asia, as is documented in the annual "Freedom in the World" surveys published by the Washington-based Heritage Foundation and the "Economic Freedom...
Japan Times
BUSINESS
Sep 18, 2003

Nomura unit may beef up theme park investment plan

Nomura Principal Finance Co. may revise upward the size of its planned equipment investment in failed theme park operator Huis Ten Bosch Co., an executive of the investment arm of the Nomura Securities group said.
BUSINESS
Sep 6, 2003

Takenaka wary of long-term rates

Financial Services Minister Heizo Takenaka told a news conference Friday that a rapid rise in long-term interest rates is undesirable for the economy.
COMMENTARY / World
Sep 1, 2003

Japan's lesson for Europe

LONDON -- At some point last year, it became fashionable to compare the economic plight of Germany and, by extension, the euro zone as a whole with the situation in Japan. As recession bit into the country that used to be Europe's motor and as the 12-nation euro area began recording declining growth...
COMMENTARY
Sep 1, 2003

Merger of opposition parties may bring grand reform era

On July 24, lawmakers of the Democratic Party of Japan and the Liberal Party approved an agreement for the two opposition parties to merge before the end of September. Some pundits criticized the scheduled merger as "unprincipled," but I disagree. I believe it has major significance for the nation.
BUSINESS
Aug 27, 2003

Resona Holdings to pare group

Resona Holdings Inc. will reduce the number of its subsidiaries and affiliates to a quarter of the current level, President Eiji Hosoya said Tuesday.
Japan Times
BUSINESS
Aug 19, 2003

BOJ exec floats vague inflation-targeting plan

Deputy Bank of Japan Gov. Kazumasa Iwata has proposed a three-step "dynamic targeting program" that includes the introduction of a numerical target to stem deflation.
BUSINESS
Aug 5, 2003

Execs less downbeat over economy after pickup in earnings, share prices

An increasing number of major Japanese businesses are less pessimistic about the economy, as earnings and share prices have started picking up, according to a recent Kyodo News survey of executives at 100 big firms.
BUSINESS
Aug 2, 2003

Economy, deficit least served by budget caps

Although the government faces two important goals -- shoring up the fragile economy and cutting its enormous budget deficit -- the cap on core fiscal 2004 budget outlays the Cabinet endorsed Friday only increases concern that neither can be achieved anytime soon.
BUSINESS
Jul 26, 2003

Mitsui Mining, Dia Kensetsu mull seeking IRCJ assistance

Natural resources firm Mitsui Mining Co. and condominium builder Dia Kensetsu Co. are considering seeking a bailout from the Industrial Revitalization Corp. of Japan, sources said Friday.
BUSINESS
Jul 25, 2003

Sony net profit nosedives 98% amid sluggish sales

Sony Corp.'s group net profit for the first quarter of this fiscal year nosedived 98 percent to 1.1 billion yen from a year earlier, the company said Thursday.
BUSINESS
Jul 24, 2003

BOJ vows to take risks until prices start rising

Bank of Japan Gov. Toshihiko Fukui underscored on Wednesday his determination to fight deflation, stating the central bank will take "unlimited risks" until prices rise.
Japan Times
JAPAN
Jul 23, 2003

Top lobby set to restart party donations

The Japan Business Federation (Nippon Keidanren) hopes to restore its political influence by encouraging member firms to pay donations to parties and by evaluating how the parties measure up.
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.
Japan Times
JAPAN
Jul 8, 2003

Web suicide sites have officials worried

The pattern has become eerily familiar. After forging a pact with strangers over the Internet, young people get together to carry out a carefully planned task -- suicide.
JAPAN
Jul 1, 2003

Governors' wages rise while mayors' drop

The average income of governors in 35 prefectures rose to 24 million yen in 2002, while that of mayors of 10 of the nation's 13 largest cities fell to 22.37 million yen, with many having their pay and bonuses cut due to tight budgets, according to income reports released Monday.

Longform

Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?