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BUSINESS
Mar 16, 2002

Yanagisawa says banks prepared for April 1

Financial Services Minister Hakuo Yanagisawa said Friday the government has completed the liquidation and consolidation of troubled banks in preparation for the April 1 abolition of the government's full guarantee on time deposits.
COMMENTARY
Feb 25, 2002

U.S. stake in Japan's revival

The Tokyo summit between Prime Minister Junichiro Koizumi and U.S. President George W. Bush demonstrated that Japan's economic revival has strategic importance for security in East Asia. The Japan-U.S. alliance is no longer based merely on military cooperation; it now hinges on Japan's economic clout...
JAPAN
Feb 23, 2002

Snow Brand Foods to disband

Snow Brand Foods Co. will lay off most of its 1,000 employees in March and disband in April, the scandal-tainted firm said Friday.
BUSINESS
Feb 20, 2002

Banks skeptical of share-purchasing body

Banks are reluctant to use a government share purchasing body set up to help them unwind their massive cross-held shares, the chairman of the Japan Bankers Association said Tuesday.
BUSINESS
Feb 19, 2002

Mitsubishi Tokyo's Swiss unit to target wealthy investors

Three Mitsubishi Tokyo Financial Group Inc. companies said Monday they will jointly set up a securities firm in Switzerland to provide comprehensive wealth-management services.
BUSINESS
Feb 14, 2002

BOJ not planning to raise long-term bond purchases

Bank of Japan Gov. Masaru Hayami said Wednesday there is no immediate need to increase the central bank's outright purchases of long-term government bonds to boost liquidity in the money market.
Japan Times
BUSINESS
Feb 13, 2002

Shiokawa backpedals on 1% growth pledge

Finance Minister Masajuro Shiokawa apparently backtracked Tuesday on his weekend assertion that Japan's economy will grow 1 percent in fiscal 2003.
JAPAN
Feb 9, 2002

Koizumi urges steps to fight deflation ahead of G7 talks

Prime Minister Junichiro Koizumi instructed key economic ministers Friday to take measures to stop deflation and prevent further drops in the prices of Japanese stocks and government bonds.
BUSINESS
Feb 7, 2002

Fukuda: No plans to prod BOJ

The government has no immediate plans to ask the Bank of Japan to take additional monetary-easing measures in a bid to prevent the economy from falling into a deflationary spiral, Chief Cabinet Secretary Yasuo Fukuda said Wednesday.
JAPAN
Jan 30, 2002

Jobless rate in December rises to new high of 5.6%

Japan's unemployment rate climbed to a record-high 5.6 percent in December, pushing the average jobless rate for 2001 to a new high of 5 percent, the government revealed Tuesday in a preliminary report.
Japan Times
CULTURE / Art / NEW ART SEEN
Jan 30, 2002

Prizewinner who's passing on the torch

When I mentioned in a column last year that Lee U Fan had won the Japanese Art Association's Praemium Imperiale award for painting, this provoked a number of questions from readers.
JAPAN
Jan 24, 2002

O'Neill against relying on weak yen for recovery

In an apparent move to step up pressure on Japan, U.S. Treasury Secretary Paul O'Neill warned Wednesday that Tokyo should not resort to a weak yen to revive the long-ailing economy.
JAPAN
Jan 24, 2002

UNICEF aid head stresses Afghan crisis is not yet over

The head of a UNICEF emergency aid program in Afghanistan stressed Wednesday the humanitarian crisis is not over in the war-ravaged country despite the start of rehabilitation there, and urged continued international assistance.
Events
Jan 22, 2002

Relief group to come to Herat's rescue

KYOTO -- The road from the Iranian border town of Dogaroun to Herat in northwest Afghanistan is a dusty, bumpy track lined with land mines much of the way.
JAPAN
Jan 21, 2002

Afghan envoys voice hope they will leave with 'full hands'

Representatives of the interim administration of Afghanistan expressed hope Sunday they would obtain a sufficient aid commitment during the two-day conference on the reconstruction of their nation starting in Tokyo today, while the tug-of-war over how much money each donor will pledge continued late...
BUSINESS
Jan 12, 2002

Shiokawa eyes easing burden of direct taxes

Finance Minister Masajuro Shiokawa said Friday he hopes to raise indirect taxes, including asset taxes, and reduce the burden of direct taxes in a comprehensive tax reform plan to be introduced later this month.
BUSINESS
Jan 10, 2002

Sanwa, three other banks look at bailing out struggling Daiei

Sanwa Bank and three of Daiei Inc.'s other creditor banks are considering a bailout package for the struggling supermarket chain, including debt forgiveness and a debt-for-equity swap, as one of "many options," a Sanwa Bank spokesman said Wednesday.
Japan Times
BUSINESS
Jan 8, 2002

Japan's business leaders see growth elusive in fiscal 2002

The leaders of Japan's four most powerful business groups said Monday that Japan's economy will continue to be sluggish in fiscal 2002, predicting an annual growth rate of between 0.5 percent and a contraction of 1 percent.
JAPAN
Jan 7, 2002

New national nursing-care system gives the poor short shrift: survey

About half of local government heads think the national nursing-care insurance system introduced in April 2000 lacks measures for helping people with low incomes and for coordinating facilities, according to a survey conducted by Kyodo News and its associated newspapers.
JAPAN
Jan 7, 2002

Mad cow solution remains elusive

On Sept. 22, the Japanese government announced what had been suspected for more than a month: that a dairy cow raised in Chiba Prefecture had indeed been infected with a brain-wasting disease.
Japan Times
BUSINESS
Jan 4, 2002

Town ties fate to remnants of an industry

KUSHIRO, Hokkaido -- Although the new year was just around the corner, there was little joy to be seen in the southeast end of this port city.
EDITORIALS
Dec 30, 2001

Little bags of luckiness

Just about a month ago, at the start of the holiday shopping season, consumers in Japan and other affluent countries were being urged to sit on their wallets for "Buy Nothing Day," the now annual and global act of homage to self-restraint. Get in the habit of buying only what you need, not what you want,...
JAPAN
Dec 24, 2001

Mobile libraries closing as funds, readers fade

Thirty-nine local governments in Japan stopped providing "mobile library" services in the three-year period up to fiscal 2000, according to a study released by the Japan Library Association.
BUSINESS
Dec 22, 2001

LDP's Aizawa presses the BOJ to target inflation

A financial working group of the Liberal Democratic Party adopted a resolution Friday urging the Bank of Japan to set a clear inflation target to combat deflation.
BASEBALL / BASEBALL BULLET-IN
Dec 19, 2001

No Big Mac, no surprise

It should not be a surprise to anyone that Mark McGwire is not going to play for the Chunichi Dragons next season.
Japan Times
JAPAN / INTERNATIONAL RATIONALE
Dec 19, 2001

Foreign retailers relying on adaptability to survive

When French retailer Carrefour and U.S.-based Costco Wholesale Corp. opened their outlets in Makuhari, Chiba Prefecture, a year ago, many saw the foreign stores as a threat to domestic supermarkets.
Japan Times
JAPAN
Dec 6, 2001

Sachiyo Nomura arrested in tax probe

Sachiyo Nomura, the high-profile wife of Hanshin Tigers manager Katsuya Nomura, was arrested Wednesday for allegedly hiding roughly 570 million yen in income and evading 210 million yen in taxes.
BUSINESS / ON THE FRONT LINE
Dec 5, 2001

Stock rally may be corporate red herring

A stream of disappointing corporate profit reports has thus far failed to spur extensive selloffs on the Tokyo stock market.
BUSINESS
Nov 27, 2001

BOJ not mulling foreign bonds, Shiokawa reckons

Finance Minister Masajuro Shiokawa said Monday he does not think the Bank of Japan is considering purchasing foreign bonds as a means of boosting liquidity in the money market.
How Pakistan shot down India's cutting-edge fighter using Chinese gear
An Indian Air Force pilot gets out of a Rafale fighter jet during its induction ceremony at an air force station in Ambala, India, September 2020.
Trump: The $550 billion pledged by Japan is 'our money'
U.S. President Donald Trump at the White House on Tuesday. He told CNBC that investment pledges are like signing bonuses.
The United States imposes 15% 'reciprocal' tariff on most Japanese goods
U.S. President Donald Trump speaks at the White House on Wednesday.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
Photographer Bleg Bayraktar is winning social media with politeness
A video on Bayraktar's Instagram account of the Belgian photographer approaching an elderly worker in Tokyo's Shibuya has gone viral, garnering almost 9 million views.
Cheer with caution: Expert advises sports fans have game plan for extreme heat
A Cardinals fan fans himself during the seventh inning of a game against the Pirates in St. Louis, Missouri, in June 2022.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
Will the movement seeking Ishiba’s resignation succeed?
Liberal Democratic Party youth division head Yasutaka Nakasone (center) and other members speak to reporters in Tokyo on July 25.
Photographer Bleg Bayraktar is winning social media with politeness
A video on Bayraktar's Instagram account of the Belgian photographer approaching an elderly worker in Tokyo's Shibuya has gone viral, garnering almost 9 million views.
Australia announces new warships will come from Japan
The Maritime Self-Defense Force's Mogami-class frigate Niyodo sails at an undisclosed location in this image released Tuesday.

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