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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.
COMMENTARY / THE VIEW FROM MOSCOW
Nov 24, 2001

Putin seizes the moment

Russian President Vladimir Putin is a very lucky man. Instead of running a Russian spy network in some sleepy Central European country, as his training and career once suggested he would, he skyrocketed to the top position in the Kremlin. There, inexperienced and vulnerable, he faced not the consolidated...
BUSINESS
Nov 22, 2001

Sumitomo Mitsui sees 150 billion yen loss

Sumitomo Mitsui Banking Corp. announced Wednesday a sharp increase in loan-loss charges and large losses in its shareholdings, prompting it to revise its 2001 earnings forecast from a consolidated net profit of 180 billion yen to a 150 billion yen net loss.
BUSINESS
Nov 21, 2001

Thai leader urges more investment, trade

Thai Prime Minister Thaksin Shinawatra called on Japanese business leaders Tuesday to increase long-term investment and trade in Thailand.
BUSINESS
Nov 21, 2001

Asahi Bank forecasts net loss of 520 billion yen

Asahi Bank on Tuesday said it projects a 520 billion yen unconsolidated net loss for this business year as it sets aside a hefty 400 billion yen in loan loss reserves to rein in its ballooning bad-loan problem.
BUSINESS
Nov 21, 2001

Thai leader urges more investment, trade

Thai Prime Minister Thaksin Shinawatra called on Japanese business leaders Tuesday to increase long-term investment and trade in Thailand.
JAPAN
Nov 15, 2001

University probes accident at cosmic ray laboratory

The University of Tokyo is conducting an investigation into a major accident that occurred Monday at its Super-Kamiokande cosmic ray research facility in Gifu Prefecture, where the groundbreaking discovery that neutrinos have mass was made in 1998.
BUSINESS
Nov 13, 2001

JAL, JAS to merge to beat aviation slump

Japan Airlines Co. and Japan Air System Co., the nation's No. 1 and No. 3 air carriers, agreed Monday to integrate to create the world's sixth-largest airline in terms of passenger miles.
EDITORIALS
Nov 11, 2001

Space station blues -- again

This month marks a milestone for the International Space Station. As of Nov. 2, there had been a continuous human presence on the orbiting lab-in-progress for exactly one year. Besides the three crews that have successively called it home, 14 spacecraft had visited. Eighteen space walks had been carried...
BUSINESS
Nov 9, 2001

Asahi says markets don't understand as shares plunge

Asahi Bank President Yukio Yanase said the sharp plunge in Asahi shares Thursday was caused by the market's poor understanding of its strategy, though he failed to offer new information that would ease concerns about the major bank.
BUSINESS
Nov 8, 2001

Shiokawa repeats budget vow

Finance Minister Masajuro Shiokawa reiterated his view Wednesday that it would be ineffective to compile a second supplementary budget to finance pump-priming stimulus measures.
BUSINESS
Nov 2, 2001

Law aims at privatizing JR units

The Land, Infrastructure and Transport Ministry announced Thursday it will introduce new legislation to fully privatize East Japan Railway Co., Central Japan Railway Co. (JR Tokai) and West Japan Railway Co. on Dec. 1.
BUSINESS
Oct 20, 2001

Insurer safety net in trouble

Life insurers can no longer afford to keep funding the safety net of the Life Insurance Policyholders Protection Corp., which makes payments for failed insurers, a top industry official said Friday.
BUSINESS
Oct 20, 2001

Yasuda cracks the whip on merger procedure

Yasuda Fire & Marine Insurance Co. and two other nonlife insurers will try to hasten work on their coming merger, the insurer's president said Friday.
BUSINESS
Oct 18, 2001

Bond cap pledge no longer a pledge

The government will consider making antiterrorism measures and logistic support to U.S. military operations in Afghanistan exempt from the 30 trillion yen cap on new bond issues for this fiscal year, Finance Minister Masajuro Shiokawa said Wednesday.

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?