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BUSINESS
Mar 2, 2006

Strife-ridden JAL removes Shinmachi from its helm

Japan Airlines Corp. announced Wednesday that JAL President Toshiyuki Shinmachi will be relieved of his post and be replaced by Senior Vice President Haruka Nishimatsu.
BUSINESS
Nov 16, 2005

Yosano downplays criticism of BOJ

Economic and fiscal policy minister Kaoru Yosano downplayed criticism Tuesday within the government over the Bank of Japan's plan to explore an end to its ultra-loose monetary policy.
BUSINESS
Oct 29, 2005

Reform of state lenders in works

A Liberal Democratic Party panel studying reforms to eight government-backed financial institutions agreed Friday that Shoko Chukin Bank should be privatized.
BUSINESS
Oct 1, 2005

Wal-Mart takes control

Seiyu Ltd. said Friday that Wal-Mart Stores Inc. of the United States will raise its stake in the retailer from 42 percent to over 50 percent by the end of the year, making it a subsidiary of the U.S. retailing giant.
BUSINESS
Jul 23, 2005

FSA reveals 6.78 million unreported data loss cases

Financial institutions have reported about 6.78 million cases of missing client data, the Financial Services Agency announced Friday.
COMMUNITY / Our Lives / WHEN EAST MARRIES WEST
Jun 25, 2005

NHK -- the way it should be

This year has not been kind to national broadcaster NHK, as a series of scandals have caused hundreds of thousands of households to withhold their service payments, from which NHK draws 97 percent of its income.
JAPAN / Media / MEDIA MIX
Mar 6, 2005

People are so funny about their paper money

Every so often there's a big news story about someone finding a huge amount of money in the unlikeliest of places. The most recent one had to do with tens of millions of yen in cash discovered in a stream in Hasuda, Saitama Prefecture.
JAPAN
Jul 29, 2004

UFJ fights to keep MTFG merger hopes alive

UFJ Holdings Inc. said Wednesday it has filed an appeal against a court order to suspend its merger negotiations with Mitsubishi Tokyo Financial Group Inc., stressing it plans to go ahead with the merger.
BUSINESS
Jul 24, 2004

Sojitz Holdings pursues 250 billion yen injection

Sojitz Holdings Corp., the parent of troubled trading house Sojitz Corp., announced Friday it will seek a capital injection of around 250 billion yen from UFJ Holdings Inc., the UBS group of Switzerland and other financial institutions.
Japan Times
BUSINESS
Jul 21, 2004

Public fund-injection law to spur regional bank mergers

A newly enacted law allowing the government to inject public funds into regional financial institutions will probably encourage such bodies to merge, according to the commissioner of the Financial Services Agency.
JAPAN
Jul 17, 2004

UFJ, MTFG agree to start merger talks

UFJ Holdings Inc. and Mitsubishi Tokyo Financial Group Inc. -- two of Japan's four major banking groups -- said Friday they have agreed to start merger talks, aiming to integrate their operations during the first half of fiscal 2005.
BUSINESS
May 13, 2004

Daiei, while still ailing, now deemed 'out of intensive care unit'

Once a month, bank officials in charge of struggling Daiei Inc.'s financial affairs hold a meeting to assess how well the leading supermarket chain is rebuilding.
JAPAN
Sep 23, 2003

Takenaka, Kawaguchi retain posts as dust settles after Cabinet reshuffle

Prime Minister Junichiro Koizumi retained Financial Services Minister Heizo Takenaka and Foreign Minister Yoriko Kawaguchi after reshuffling his Cabinet on Monday, defying calls for their ouster from within the Liberal Democratic Party.
BUSINESS
Jan 23, 2003

Resona to issue new shares if adequacy ratio falls

OSAKA -- Resona Holdings Inc., which includes Daiwa Bank and Asahi Bank, will boost its capital by issuing new shares if its capital adequacy ratio falls as a result of increased loan-loss charges, President Yasuhisa Katsuta said in a recent interview.
BUSINESS
Sep 19, 2002

BOJ eyes unprecedented purchase of stocks from ailing banks

In a surprise break with market principles, the Bank of Japan said Wednesday that it is considering purchasing stocks held by the nation's most troubled banks, effectively bolstering their financial standing and stock prices at its own expense.
JAPAN
Sep 7, 2002

State to draw up new economic plan

Prime Minister Junichiro Koizumi announced plans Friday to come up with a fresh economic package aimed at preventing a further decline in Japanese stock prices, following their fall to a 19-year low.
BUSINESS
May 22, 2002

Tokyo government inspects Mizuho over ATM fiasco

The Tokyo Metropolitan Government started on-site emergency inspections Tuesday at Mizuho Bank's headquarters in Chiyoda Ward, four key branches and the bank's civil service business center to look into the computer fiasco that occurred with their April 1 launch under Mizuho Holdings Inc.
COMMENTARY / World
May 4, 2002

No end in sight to China's banking woes

While Japan's recession and its wobbly banks distract much of the world, the banking sector in China is in much worse shape. Xinhua News Agency has reported that central bank governor Dai Xianglong admits that nonperforming loans (NPLs) account for 26.6 percent of total lending by China's top four state-owned...
BUSINESS
Oct 4, 2001

Japan faces a balancing act

The global economic woes triggered by the Sept. 11 terrorist attacks in the United States will probably put Japan in the dilemma of trying to reconcile reform with growth, when finance ministers and central bank governors from the Group of Seven major economic powers gather Saturday in Washington.
BUSINESS
Jun 20, 2001

State-backed firms face new accounting rules

An advisory panel to the finance minister unveiled on Tuesday new accounting guidelines for government-affiliated corporations as part of an effort to improve transparency in their management.
COMMENTARY
Apr 2, 2001

Japan's economic 'kuroko'

For more than a decade, Japan's financial authorities have been trying to treat the growing mountain of bad loans at Japan's banks as a "kuroko" of the Japan economy.
BUSINESS
Jan 16, 2001

LDP prepares to inflate sagging stock market

The Liberal Democratic Party on Monday decided to set up an in-house panel to draw up measures to bolster Japan's faltering stock markets, party officials said.
JAPAN
Dec 30, 2000

North Korea-linked credit union ruled insolvent

The Financial Reconstruction Commission on Friday declared insolvent Chogin Kinki Shinyo Kumiai, the largest pro-Pyongyang credit union in Japan, and decided to send in state-appointed administrators.
BUSINESS
Aug 30, 2000

Insurance industry group to manage Taisho Life

The Life Insurance Association of Japan on Tuesday accepted a request by the Financial Services Agency to become administrators for Taisho Life Insurance Co., which collapsed Monday, the association president said.
BUSINESS
Aug 29, 2000

Taisho Life collapses amid scandal

The Financial Services Agency on Monday ordered Taisho Life Insurance Co. to suspend its operations following the arrest earlier in the day of the head of the insurer's largest shareholder, in connection with the insurer's capital-building methods.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
The United States imposes 15% 'reciprocal' tariff on most Japanese goods
U.S. President Donald Trump speaks at the White House on Wednesday.
U.S. backtracks on Japan tariff calculation, taking effective rate lower
Ryosei Akazawa, Japan's chief tariff negotiator, said the U.S. made a clerical error in not including a “reciprocal” tariff rate ceiling for Japan in the trade deal.
How Pakistan shot down India's cutting-edge fighter using Chinese gear
An Indian Air Force pilot gets out of a Rafale fighter jet during its induction ceremony at an air force station in Ambala, India, September 2020.
Biggest drop in Japanese nationals seen alongside record high in foreign residents
A street in Tokyo's Shinjuku district on Wednesday
Cheer with caution: Expert advises sports fans have game plan for extreme heat
A Cardinals fan fans himself during the seventh inning of a game against the Pirates in St. Louis, Missouri, in June 2022.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
Will the movement seeking Ishiba’s resignation succeed?
Liberal Democratic Party youth division head Yasutaka Nakasone (center) and other members speak to reporters in Tokyo on July 25.
Photographer Bleg Bayraktar is winning social media with politeness
A video on Bayraktar's Instagram account of the Belgian photographer approaching an elderly worker in Tokyo's Shibuya has gone viral, garnering almost 9 million views.
Australia announces new warships will come from Japan
The Maritime Self-Defense Force's Mogami-class frigate Niyodo sails at an undisclosed location in this image released Tuesday.

Podcast

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

Longform

Koichi Tagawa’s diary entry from Aug. 9, 1945, describes the day of the atomic bombing of Nagasaki.
The horrors of Nagasaki, in first person
By Naoko Abe

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Muji has been sustainable from the beginning

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