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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.
BASEBALL / MLB
Nov 17, 2001

BayStars taken over by NBS

The heads of Japan's 12 professional baseball clubs on Thursday approved a move that will make Nippon Broadcasting System Inc. the top shareholder of the Yokohama BayStars Baseball Club Inc.
JAPAN
Nov 16, 2001

More workers embrace early retirement

As economic woes prompt companies to pare down workforces and job-security anxiety grows amid widening cracks in Japan's storied lifetime employment system, at least one new breed is rising from the ashes -- older workers who are eager to pocket a payoff and branch out in a new direction.
JAPAN
Nov 16, 2001

CD industry aims at aging music buffs

The Japanese compact disc market is finally showing signs of recovery, but only after manufacturers set their sights on a different demographic -- those aged between 30 and 60.
BUSINESS
Nov 13, 2001

Asahi Bank to unload 200 billion yen in bad loans

Asahi Bank announced plans Monday to cut roughly 200 billion yen in bad loans in two years through a tieup with U.S. investment bank Goldman Sachs Group Inc., allaying market fears about Asahi's financial strength.
BUSINESS
Nov 8, 2001

DoCoMo's interim group net profit dives

Suffering from huge appraisal losses on an overseas investment, cellular operator NTT DoCoMo Inc. said Wednesday its group net profit in the first half of fiscal 2001 plunged to 103.8 billion yen, down 52.2 percent from a year earlier.
BUSINESS
Nov 8, 2001

DoCoMo's interim group net profit dives

Suffering from huge appraisal losses on an overseas investment, cellular operator NTT DoCoMo Inc. said Wednesday its group net profit in the first half of fiscal 2001 plunged to 103.8 billion yen, down 52.2 percent from a year earlier.
BUSINESS
Nov 1, 2001

Nomura posts 90% dive in profits for first half

Nomura Holdings Inc. on Wednesday said profits dived 90.4 percent during the first six months of the fiscal year, with slumping stock prices eating away at commission revenues.
BUSINESS
Nov 1, 2001

Nomura posts 90% dive in profits for first half

Nomura Holdings Inc. on Wednesday said profits dived 90.4 percent during the first six months of the fiscal year, with slumping stock prices eating away at commission revenues.
JAPAN
Oct 19, 2001

Meat industry hopeful over government pledge

Restaurants, distributors and food companies dealing with beef are hoping the government's safety declaration Thursday will help revive consumer demand for red meat. The government declared domestic beef to be free of mad cow disease in a bid to allay public fears following the discovery of the first...
JAPAN
Oct 18, 2001

FTC probes four medical goods firms

The Fair Trade Commission on Wednesday began investigating four medical equipment companies suspected of forming a price-fixing cartel for bone-fracture materials and other medical supplies, according to sources.
BUSINESS
Oct 16, 2001

Lawson racks up record profits

Lawson Inc., the nation's second-largest convenience store operator, reported on Monday record consolidated pretax profits of 22.45 billion yen, up 3.3 percent from a year earlier, for the first half of its business year through Aug. 31.
BUSINESS
Oct 16, 2001

Future UFJ bosses pledge support for embattled Daiei

OSAKA -- The president-designate and chairman-designate of the envisioned UFJ Bank pledged Monday to maintain credit lines for financially beleaguered supermarket chain operator Daiei Inc.
BUSINESS
Oct 11, 2001

Starbucks perks on Nasdaq debut

OSAKA -- Starbucks Coffee Japan Ltd. made a superb debut Wednesday on the Nasdaq Japan stock market as investors scooped up shares of the high-profile firm.
BUSINESS
Oct 3, 2001

UFJ latest bank to fall into the red

Banking group UFJ Holdings Inc. said Tuesday it will post first-half group net losses of 65 billion yen for the period to Sept. 30, after shouldering hefty costs to cover bad-loan writeoffs and stock market losses.
BUSINESS
Oct 2, 2001

DoCoMo launches 3G service with soft sell, finds few takers

NTT DoCoMo Inc. on Monday chose to go with a low-key launch of its third-generation (3G) cellular service amid low expectations by retailers and customers alike.
BUSINESS
Sep 28, 2001

MTFG set to post loss in first half

Mitsubishi Tokyo Financial Group Inc., or MTFG, is likely to post a consolidated net loss of tens of billions of yen for the first half of the 2001 business year, compared with the 150 billion yen net profit forecast in May, company sources said Thursday.
BUSINESS
Sep 28, 2001

Isuzu sells base in restructuring effort

In a bid to accelerate its restructuring, Isuzu Motor Ltd. said Thursday it has sold its headquarters building and land in Tokyo to Dai-ichi Mutual Life Insurance Co.
BUSINESS
Sep 21, 2001

Citigroup to form tieup with two life insurers

U.S. financial services giant Citigroup Inc. said Thursday it has reached a basic agreement on a life insurance tieup with Mitsui Marine & Fire Insurance Co. and Sumitomo Marine & Fire Insurance Co.
JAPAN
Sep 20, 2001

Land prices post 10-year slide

Land prices fell in the year to July 1 for the 10th consecutive year, reflecting the prolonged economic downturn, according to a government survey released Wednesday.
BUSINESS
Sep 15, 2001

GameCube console released, takes on rival PlayStation2

Nintendo Co. released its GameCube video game console on the Japanese market Friday, mounting a challenge to the PlayStation2 console produced by Sony Computer Entertainment Inc.
BUSINESS
Sep 7, 2001

Japanese bonds could receive lower rating

Moody's Investors Service Inc. may downgrade its Aa2 rating on Japanese government bonds, citing the nation's feeble economy, the rating agency said Thursday.
BUSINESS
Sep 4, 2001

Mitsubishi to sell carbonic acid unit

Mitsubishi Rayon Co. said Monday that it has signed an agreement to sell its carbonic acid operations to Praxair Mitsui Chemicals Inc., a unit of Mitsui Chemicals Inc.
BUSINESS
Aug 30, 2001

Gateway Japan halts operations

Gateway Japan Inc. said Wednesday it has shut down its operations in Japan and will lay off all of its 698 employees, including directors.
BUSINESS
Aug 28, 2001

Mitsui, Sumitomo to merge fertilizer sales subsidiaries

Mitsui & Co. and Sumitomo Corp. plan to streamline their operations by merging their wholly owned fertilizer sales subsidiaries by around April, officials of the two trading companies said Monday.
BUSINESS
Aug 24, 2001

Advice sought on energy services

Japan Research Institute, an affiliate of Sumitomo Mitsui Banking Corp., said Thursday it has tied up with two U.S. energy service ventures to get advice on launching new services when Japan's energy market is expected to be opened further.
BUSINESS
Aug 24, 2001

Marubeni ups stake in Maruetsu

Major trading house Marubeni Corp. is buying more shares of Maruetsu Inc., a supermarket-chain unit of ailing retailer Daiei Inc., to raise its stake to 25.2 percent by October from 24.2 percent, Marubeni officials said Thursday.
BUSINESS
Aug 23, 2001

Telecom startup plans PHS service

Japan Communications Inc., an independent telecommunications company, said Wednesday it will launch low-cost PHS communications services for corporate subscribers Oct. 1 by using a PHS network leased from DDI Pocket Inc.
BUSINESS
Aug 23, 2001

Cellphones set for e-wallet role

The nation's first commercial service allowing cellular phones to serve as e-wallets will start in the spring after a trial service using 10,000 monitors that is set for November, telecom carrier KDDI Corp. and five other companies announced Wednesday.
JAPAN
Aug 22, 2001

Mourning enters space, cyberspace

New kinds of mortuary services are emerging in Japan to reflect diversifying values, ranging from virtual graves on the Internet to the transferal of ashes into space.
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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