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BUSINESS
May 30, 2002

Aozora expresses fear over foreign investment

Softbank Corp. may sell part of its stake in Aozora Bank, raising the possibility of a tussle should a leading stake fall into foreign hands, Aozora Bank President Hiroshi Maruyama said Wednesday.
BUSINESS
May 22, 2002

Monetary policy to remain as is, central bank says

The Bank of Japan kept its monetary policy unchanged Tuesday, deciding to keep the banking system awash with funds.
BUSINESS
May 15, 2002

'Pain' of NTT workers acknowledged

Telecommunications minister Toranosuke Katayama on Tuesday described the transfer of 100,000 Nippon Telegraph and Telephone Corp. employees to 100 new subsidiaries as "(necessary) pain in a transitional period."
BUSINESS
May 10, 2002

School vacation in fall seen as economic salve

The government's Council on Economic and Fiscal Policy is drawing up an economic revitalization package featuring the introduction of a fall vacation for schools and a three-year plan to promote outsourcing of public-sector services, according to an interim draft report.
SOCCER / J. League
Apr 25, 2002

Tokyo Verdy picks Sandri as new manager

Tokyo Verdy named Brazilian Lori Sandri as the struggling J. League First Division club's new manager Tuesday.
MORE SPORTS
Apr 18, 2002

JRFU to start new national tourney

Japan Rugby Football Union went a long way to improving rugby in Japan both on the domestic and international front with the news last week that it was abandoning the traditional company championship for a new nationwide 12-team tournament starting in September 2004.
BUSINESS / ON THE FRONT LINE
Apr 18, 2002

Yen-dollar rate at impasse

The yen-dollar rate may stay locked in a relatively narrow range between 129 yen and 133 yen in the near term.
BUSINESS / ON THE FRONT LINE
Apr 17, 2002

Investors waiting warily to make moves

The Tokyo stock market has been in a wait-and-see mode since the beginning of the fiscal year.
BUSINESS
Apr 17, 2002

Japan faces tough sell at G7

Japan is expected to re-emphasize its resolve to achieve structural reforms aimed at revitalizing its economy when finance ministers and central bank governors from the Group of Seven major economic powers gather this week in Washington.
BUSINESS
Apr 16, 2002

Australia seeking to boost economic ties with Japan

Australian Trade Minister Mark Vaile on Monday said he is seeking an expanded economic relationship that would activate economic interactions between Japan and Australia, a Foreign Ministry official in Tokyo said.
BUSINESS
Apr 10, 2002

Koizumi gives up on lifting legal ban on post privatization

Prime Minister Junichiro Koizumi has given up on eliminating a legal clause banning the privatization of the new public corporation slated to take over the government-run postal services in 2003, posts minister Toranosuke Katayama said Tuesday.
COMMUNITY
Apr 7, 2002

Ishihara gambles on casinos

"Building a casino will create employment for 10,000 people."
Japan Times
COMMUNITY
Apr 7, 2002

The trickle-down effect

It's late in Tokyo's Yurakucho district, and the pachinko parlors clustered here have shut off their garish neon signs. The consoles through which the game's trademark metal balls are sent cascading have gone quiet, and the hard-core players who hang on until closing time are scurrying out onto the pavement...
BUSINESS / ON THE FRONT LINE
Mar 29, 2002

Brace for realities of the new fiscal year

The recent developments on the Tokyo stock market have been perplexing.
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.

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?