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BUSINESS
May 23, 2003

White paper asks for transparency in land prices

The land ministry compiled a draft white paper on land for fiscal 2002, urging that real estate trading prices be made public, and presented it Thursday to the ruling Liberal Democratic Party, ministry officials said.
BUSINESS
Apr 5, 2003

Kumagai Gumi seeks 300 billion yen bailout, merger

Ailing construction firm Kumagai Gumi Co. announced Friday it will ask its main creditor banks for a bailout of 300 billion yen under a new three-year restructuring plan while seeking a merger with Tobishima Corp.
BUSINESS
Apr 4, 2003

Kumagai to integrate with Tobishima

Ailing construction firm Kumagai Gumi Co. is planning to integrate operations with Tobishima Corp. next April under a revamped restructuring program in which it will spin off its loss-making real estate business into a new company, sources said Thursday.
BUSINESS
Mar 11, 2003

Ando to inject Hazama with 1 billion yen

Midsize general contractor Ando Corp. said Monday it has agreed to forge a capital tieup with Hazama Corp., seeking to inject the troubled builder with 1 billion yen through the purchase of preferred shares.
BUSINESS
Nov 8, 2002

Towa requests second bailout from banks of 230 billion yen

Towa Real Estate Development Co. said Thursday it is seeking a 230 billion yen bailout package from UFJ and other creditor banks under a new five-year restructuring program.
JAPAN
Aug 7, 2002

Suzuki bribe info faxed to property firm

The Tokyo District Public Prosecutor's Office mistakenly faxed a witness account about indicted lawmaker Muneo Suzuki's bribery case to a Tokyo real estate firm in June, a top official of the office said Tuesday.
COMMUNITY / Issues / THE ZEIT GIST
Jun 6, 2002

Looking at the bright side of Japan's cash woes

One of the most soul-destroying experiences of my life in Japan occurred back in 1986.
BUSINESS
May 29, 2002

Condo firm Haseko crumbles into the red

Condominium builder Haseko Corp. said Tuesday its group net balance sank into the red in the 2001 business year, due chiefly to latent losses on its real-estate holdings for sale and on other fixed assets.
BUSINESS
Mar 30, 2002

Matsushita kin to help debt-ridden developer

OSAKA -- The family of the late Konosuke Matsushita, founder of the Matsushita group, has decided to extend financial help to Matsushita Investment & Development Inc., a debt-ridden real-estate developer, industry sources said Friday.
BUSINESS
Feb 28, 2002

Matsushita plans to sell Osaka towers

OSAKA -- Matsushita Investment & Development Inc., a real estate developer in the Matsushita group, plans to securitize its twin towers in Osaka and other properties and sell them to investors for some 60 billion yen, company sources said.
BUSINESS
Feb 24, 2002

Banks offer 500 billion yen to aid Daikyo

UFJ Bank, Dai-Ichi Kangyo Bank and Asahi Bank have entered informal talks with Daikyo Inc. on the provision of up to 500 billion yen in financial assistance to Japan's largest condominium builder, industry sources said Saturday.
BUSINESS
Jan 10, 2002

Residential land prices decline again

The nation's land prices in eight major residential areas declined in 2001, a private-sector survey showed Wednesday.
BUSINESS
Oct 27, 2001

Market slump damages Daiwa's interim earnings

Daiwa Securities Group Inc. said Friday its group pretax profit for the first half of fiscal 2001 plunged 98.9 percent from a year earlier to 1.18 billion yen.
JAPAN
Sep 19, 2001

Slayer of elderly land holder gets 15-year term

OSAKA -- An executive of a real estate firm was sentenced to 15 years in prison for murdering an 81-year-old woman who refused to vacate her house, which stood in the middle of a condominium construction site.
BUSINESS
Jun 1, 2001

Keidanren, bankers to work on debt relief

The Japan Federation of Economic Organizations (Keidanren) and the Japanese Bankers Association have agreed to begin working on guidelines for banks to forgive loans to troubled corporate borrowers, Financial Services Minister Hakuo Yanagisawa said Thursday.
BUSINESS
Apr 7, 2001

Doubts linger over loan disposal

The emergency economic measures unveiled Friday, which focus on reducing banks' sour loans, leave unanswered the key questions that will determine their success.
BUSINESS
Mar 28, 2001

Ministers ordered to have emergency plan by early April

Prime Minister Yoshiro Mori instructed his economic ministers Tuesday to compile by early April a package of emergency economic measures to support Japan's fragile economy, government officials said.
JAPAN
Mar 1, 1999

Recruit sells building to U.S. firms

Recruit Co., a major information service company, has sold its office building in front of JR Kawasaki Station to two U.S real estate firms as part of efforts to reduce its huge debts, informed sources said Monday.
JAPAN
Nov 25, 1998

Prejudice evident in house hunting, foreigners' panel says

Although many apartments remain vacant during the prolonged recession, foreign residents in Tokyo are still finding it extremely difficult to rent accommodations, participants of a foreign residents' advisory panel to the Tokyo governor said Wednesday.
JAPAN
Apr 2, 1998

Business groups unhappy with government steps

Reflecting the poor business sentiment shown by the Bank of Japan's latest "tankan" survey, business leaders Thursday criticized the government for its vague economic measures.
JAPAN
Jul 4, 1997

Contractor files for bankruptcy

A medium-size general contractor listed on the first section of the Tokyo Stock Exchange effectively went bankrupt July 4 due to real estate-related debts that inflated after the burst of the bubble economy in the early 1990s.
Japan Times
ASIA PACIFIC
Jan 26, 2023

Exodus of wealthy Chinese accelerates with end of 'zero-COVID'

Many rich Chinese have begun traveling overseas to check out real estate or firm up plans to emigrate, threatening a brain drain in the world’s second-largest economy.
Japan Times
WORLD / Crime & Legal
Feb 27, 2013

Interviews with 'evil personified' reveal very different men

He shuffled into the room and stopped, plexiglass and cinderblocks framing his slight figure. He looked much as I remembered him from nearly a decade earlier: big eyes in a boyish face, a thin build, long fingers, waist chains. But his eyes, once cold and flat, had mellowed into something resembling...
COMMENTARY / World
Sep 20, 2007

Worldwide bubble trouble

NEW HAVEN, Connecticut — The future of the housing boom, and the possible financial repercussions of a substantial price decline in coming years, are a matter of mounting concern among governments around the world.
Washington is worried that Beijing’s struggles with high unemployment and an aging workforce make China “a ticking time bomb.”
COMMENTARY / World
Aug 21, 2023

America’s ‘new’ China narrative: A wounded dragon

The new China narrative is really about the West, its lead in technologies, the free market, wielding power and keeping all challengers at bay.
An office worker in London. A new report found that 36% of so-called workpoints — cubicles and desks — are never occupied, "indicating a general oversupply.”
BUSINESS / Companies
Aug 23, 2023

More than one-third of desks globally sit empty all week long

The dearth of desk usage could prompt employers to rethink their real estate needs.
As China slips into deflation, one word is popping up more and more to describe the gloomy atmospherics: "Japanification."
COMMENTARY / Japan
Aug 30, 2023

'Japanification' for China? It should be so lucky.

China is not on the path to global dominance nor set for collapse, and observers should consider the various shades of gray in analyzing these countries.
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.
Man admitted to 2025 Osaka Expo with 85-year-old ticket
The Osaka Expo, which opened last month, runs through mid-October.
In his first appearance, Pope Leo offers three big clues about his papacy
Newly elected Pope Leo XIV, formerly Cardinal Robert Prevost of the United States, appears on the balcony of St. Peter's Basilica at the Vatican on Thursday.
Pakistan hails role of Chinese jets in repelling India strikes
A J-10C fighter jet
Suspect in Tokyo Metro stabbing chose station to highlight ‘educational abuse’
Yoshitaka Toda is escorted out of a police station in Tokyo's Bunkyo Ward on Friday to be sent to prosecutors.
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 Ships 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

SUSTAINABLE JAPAN

Fujitsu crafts sustainable innovation for itself, society
Fujitsu crafts sustainable innovation for itself, society

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