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May 12, 2025
 

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BUSINESS
Feb 5, 2002

Moody's cuts debt ratings for Toshiba, NEC amid IT slump

Moody's Investors Service Inc. said Monday that it has cut the senior unsecured debt ratings of Toshiba Corp. and NEC Corp., Japan's second- and third-largest electronics makers, citing decreased profitability and the ongoing slump in the information-technology industry.
BUSINESS
Jan 30, 2002

Daiei to sell position in Maruko

Struggling retailer Daiei Inc. said Tuesday it will sell all its shares in its wholly owned real estate subsidiary Maruko Inc. for 15.1 billion yen as part of its rehabilitation plan.
BUSINESS
Jan 29, 2002

Matsushita, Toshiba eye cyberappliances

Matsushita Electric Industrial Co., Toshiba Corp. and two other firms said Monday that they will establish a joint venture on Friday to offer Internet-access services for next-generation, Net-capable home appliances.
EDITORIALS
Jan 28, 2002

An inadequate rescue plan

A new three-year restructuring program for Daiei Inc., the nation's second-largest supermarket chain operator, is symbolic of the debt woes that plague large Japanese distributors, constructors and real estate firms. Earlier this month, Daiei's three creditor banks -- UFJ Holdings Inc., Sumitomo Mitsui...
JAPAN
Jan 27, 2002

Narita to get new domestic routes on second runway

More domestic services will be offered from Narita airport, the main international airport serving Tokyo and its vicinity, from April 18, when the airport's second runway opens, airport officials said Saturday.
JAPAN / INTERNATIONAL RATIONALE
Jan 19, 2002

Coffee shops on different tracks in Japan

Three specialty coffee chains from Seattle -- Starbucks, Tully's Coffee and Seattle's Best Coffee -- are aggressively expanding their business in Tokyo, changing the face of the capital with the rich aroma of espresso.
BUSINESS
Jan 19, 2002

Daiwa trust unit obtains FSA license

Daiwa Bank announced Friday that its trust banking unit has obtained a formal license from the Financial Services Agency.
BUSINESS / ON THE FRONT LINE
Jan 17, 2002

Electronics firms' strategies spark new hope

Investors have taken heart from the recent raft of reports on industrial realignments and new business undertakings by high-technology companies.
BUSINESS
Jan 14, 2002

Shokusan Jutaku seeks protection from creditors

Shokusan Jutaku Sogo Co., a leading builder of custom-made houses, on Sunday filed for court protection from creditors with liabilities of 13.5 billion yen, the company said.
BUSINESS
Jan 12, 2002

Chip makers drop dumping claim on South Koreans

Four Japanese chip makers have shied away from filing an antidumping petition against South Korean rivals that, the domestic makers say, export dynamic random access memory chips to Japan at unfairly low prices, according to industry sources.
BUSINESS
Jan 11, 2002

METI tells Daiei to take new steps to avert crisis

The economy, trade and industry vice minister on Thursday called on troubled Daiei Inc. to compile an effective new restructuring plan as it concurrently seeks a bailout to avert a financial crisis in March.
COMMUNITY
Jan 6, 2002

Life in the new year: Que sera sera

What joys and sorrows will the coming year bring for Japan? Fast forward to Jan. 1, 2003, apply tongue firmly to cheek and enjoy the benefit of hindsight by reading the alternative futures contained in the 2002 diaries of long-suffering Tokyo banker Gamansuruzo Nostrodoomus, and go-getting Kansai career...
JAPAN
Dec 31, 2001

Banks plan 23 trillion yen risk-asset cut

Japan's four major banking groups plan to reduce risk assets such as stockholdings and loans by some 23 trillion yen in the current fiscal year ending March 31 to bolster their capital bases, according to banking industry sources.
BUSINESS
Dec 29, 2001

Sony in talks with Fujitsu over Nifty

Sony Corp. is negotiating with Fujitsu Ltd. to acquire Internet service provider Nifty Corp., a Fujitsu subsidiary, industry sources said Friday.
CULTURE / Music / J-POPSICLE
Dec 26, 2001

Tower's pop fire flickers?

A lot of people in the music biz -- not to mention regular music fans -- were shocked by reports that surfaced last week to the effect that all or part of Tower Records' Japanese operations will be sold.
BUSINESS
Dec 22, 2001

UFJ Financial Group pulls a switch on choice for new Sanwa chief

Masashi Teranishi, senior managing director at Sanwa Bank, will become president of UFJ Bank when it is launched Jan. 15, instead of Sanwa Bank President Kaneo Muromachi, as had been earlier decided, a Sanwa Bank spokesman said Friday.
BUSINESS
Dec 22, 2001

NKK and Kawasaki Steel to team up as JFE Group

NKK Corp. and Kawasaki Steel Corp. plan to rename themselves JFE Group when they merge under a joint holding company in October, the firms announced Friday.
BUSINESS
Dec 22, 2001

Nikko Cordial buys bonds to help unit repay investors

Nikko Cordial Corp. has bought 108.9 billion yen worth of banks' subordinated bonds in devalued money management funds managed by its subsidiary, Nikko Asset Management Co., to help it reimburse investors, company sources said Friday.
BUSINESS
Dec 15, 2001

Banks to get cash if crisis hits: Yanagisawa

Financial Services Minister Hakuo Yanagisawa expressed willingness Friday to protect the financial system by injecting public funds into the depleted capital bases of troubled banks if a financial catastrophe threatens stability.
BUSINESS
Dec 12, 2001

NTT, SCE agree on fast link for PlayStation2

Sony Computer Entertainment Inc. said Tuesday it has agreed with NTT Broadband Initiative Inc. and Sony Communication Network Corp. to start offering broadband services for PlayStation2 computer game consoles in April.
BUSINESS
Dec 4, 2001

New vehicle sales drop for third month in row

November sales of new motor vehicles fell 9.3 percent from a year earlier to 311,015 units, the Japan Automobile Dealers Association said Monday. It was the third straight monthly fall.
BASEBALL / MLB
Dec 1, 2001

Sale of BayStars off

Representatives of Japan's 12 professional baseball clubs on Thursday annulled their decision to allow Nippon Broadcasting System Inc. to become the top shareholder of the Yokohama BayStars.
BUSINESS
Nov 27, 2001

Major banks brace for loan writeoffs

All but two of the nation's 14 major banks fell into the red during the first six months of this business year, together setting aside a hefty 2.7 trillion yen in loan-loss reserves to cushion the potential impact from nonperforming loans.
BUSINESS
Nov 27, 2001

Kokusai, BTM brokerages to merge

Kokusai Securities Co. and two Bank of Tokyo-Mitsubishi brokerage units announced Monday they will merge as part of efforts to increase operational efficiency.
BUSINESS
Nov 27, 2001

Major banks brace for loan writeoffs

All but two of the nation's 14 major banks fell into the red during the first six months of this business year, together setting aside a hefty 2.7 trillion yen in loan-loss reserves to cushion the potential impact from nonperforming loans.
BASEBALL / MLB
Nov 24, 2001

Giants decide to offload Martinez

The Yomiuri Giants will not offer slugger Domingo Martinez a contract for next season, officials of the Central League club revealed late Thursday.
BUSINESS
Nov 23, 2001

UFJ writeoffs will balloon to 2 trillion yen

UFJ Holdings Inc. said Thursday its member banks' total bad-loan writeoffs will balloon sixfold from original estimates to an unprecedented 2 trillion yen for the full business year ending March 31, on the back of likely failures among major borrowers.
BUSINESS
Nov 23, 2001

NTT reports 262 billion yen net loss for '01 first half

The Nippon Telegraph and Telephone group reported its first interim net loss Thursday, brought on by special losses of 762.4 billion yen incurred by failed investments in overseas carriers.
Global militaries to study India-Pakistan fighter jet battle
The Indian Air Force's Rafale fighter jets. India and Pakistan aircraft engaged in a dogfight on Wednesday.
Escalation fears rise in Japan following Chinese moves near Senkakus
A Japan Coast Guard vessel sails in front of Uotsuri island, one of the Japanese-controlled Senkaku Islands. Concerns are growing in Tokyo after a Chinese government helicopter violated Japan's airspace around the uninhabited islets.
Ishiba vows Japan will stand its ground, demanding U.S. lift auto tariffs
Prime Minister Shigeru Ishiba speaks during a Lower House committee meeting on Friday.
As prices soar, Zen-Noh ships just 32% of government-stockpiled rice
A customer walks past a display of rice, with a sign apologizing to shoppers they must be limited to one bag each due to market conditions, at a branch of Japanese discount retailer Don Quijote in Tokyo's Shibuya Ward on April 21.
Emperor emeritus diagnosed with silent myocardial ischemia
Emperor Emeritus Akihito, 91, rides in a car with Empress Emerita Michiko, 90, after he was discharged from the University of Tokyo Hospital on Saturday following an examination for suspected myocardial ischemia.
Who could become Japan's next prime minister?
Clockwise from top left: Former economic security minister Sanae Takaichi, former economic security minister Takayuki Kobayashi, Finance Minister Katsunobu Kato and Chief Cabinet Secretary Yoshimasa Hayashi
With a new Shibuya studio, Apple Music bets big on Japan
Apple Music personalities (from left) Ebro Darden, Kentaro Ochiai, Zane Lowe and Mino came together for a special recording in late April to discuss music and celebrate the newly opened Apple Music studio in Tokyo.
Kazuki Nagasawa's sustainable designs are rooted in tradition
For centuries, artisans have unraveled strands of the fibrous bark of "shuro" trees to create a medley of everyday objects. Designer Kazuki Nagasawa is now transforming the traditional material into ethereal contemporary pieces.
SusHi Tech Tokyo 2025 expands to become one of Asia's largest startup events
SusHi Tech Tokyo 2025 was bustling with participants of various nationalities Thursday, and multiple languages could be heard around the room as many engaged in conversations throughout the day.
Celebrating Japan’s defeat at Shimoda’s Black Ship Festival
Tatsumi Onose (right), who plays the part of Commodore Matthew Perry in Shimoda's Black Ship Festival, says the historical episode the event is based on should be remembered for its positives more than its negatives.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Dangami House is a 180-year-old former samurai residence of the Kato clan, who ruled over Ozu, Ehime Prefecture, until the Meiji Restoration.
A house, a legacy and the quiet work of restoration in rural Japan
By Hanako Lowry

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