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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
Jul 9, 2000

G7 ministers agree on policies for IT

FUKUOKA — Finance ministers from the Group of Seven economic powers agreed Saturday that governments need to maximize the benefits of the information technology revolution and minimize the risks through deregulation and coordinating their regulatory policies.
BUSINESS
Jul 6, 2000

IT, finance system reform on Fukuoka G7 agenda

Finance Minister Kiichi Miyazawa and his counterparts from the Group of Seven economic powers will meet Saturday in Fukuoka and discuss the policy implications of information technology, international financial system reforms and debt-relief programs for poor countries.
BUSINESS
Mar 7, 2000

Five life insurers outsource asset management to cut costs

Five Japanese life insurance companies will have a common asset management administration system in place by the end of fiscal 2001, company sources said Monday.
JAPAN
Oct 23, 1998

Miyazawa sanguine on Long-Term credit debacle

Following the government's decision to temporarily place the Long-Term Credit Bank of Japan under state control, Finance Minister Kiichi Miyazawa said Friday that the bank's depositors and clients do not have to worry about its imminent takeover.Speaking at a news conference, he said all depositors'...
JAPAN
Jul 14, 1998

State's top finance bodies to meet regularly

The Financial Supervisory Agency, the Finance Ministry, the Bank of Japan and the Deposit Insurance Corp. will set up a forum to enhance communication among the four to help stabilize the financial system, it was announced Tuesday.
JAPAN
May 27, 1998

Nonbank lending rate limit may change

The Finance Ministry will consider lowering the upper limit on lending rates for nonbank financial institutions, ministry officials told representatives from the sector Wednesday.
JAPAN
May 12, 1998

U.S. business programs put theory into practice in Asia

Staff writer
JAPAN
Mar 6, 1998

Hashimoto, Matsunaga to urge increased bank lending

Prime Minister Ryutaro Hashimoto will soon urge the executives of Japan's major banks to overcome any reluctance to offer loans, said Mitsuo Horiuchi, minister for international trade and industry.
Japan won’t wait for G7 summit for possible U.S. trade deal
Ryosei Akazawa, Japan's top negotiator in tariff talks with the U.S. speaks to reporters at the Japanese Embassy in Washington on Friday.
Japanese universities step up to help international students after Harvard ban
The Harry Elkins Widener Memorial Library at Harvard University. U.S. President Donald Trump has barred Harvard from accepting international students, prompting Japanese universities to offer support.
Japan eyes tougher rules for foreign residents and tax hike for tourists
A tax-free shop in Kyoto in April 2024. Last week, members of a Liberal Democratic Party study group drafted a proposal seeking to scrap the country's tax-free shopping system altogether.
Foreign tourists with unpaid medical bills in Japan to be denied entry
Prime Minister Shigeru Ishiba speaks during ministerial meeting meeting on foreign residents in Japan on Friday at the Prime Minister's Office.
Victims mourned 17 years after Akihabara indiscriminate attack
A mourner prays for the victims of a stabbing rampage on a street in Tokyo's Akihabara district on the 17th anniversary of the incident on Sunday.
What can Kenji Yanobe’s cosmic cats teach us about humanity?
Kenji Yanobe’s spacesuited cats are the main characters of “Ship’s Cat Island,” the inaugural exhibition at Hyper Museum Hanno in Saitama Prefecture.
From ridicule to redemption: Rice crisis returns Koizumi to the spotlight
Agriculture minister Shinjiro Koizumi speaks to the media as he inspects a warehouse storing stockpiled rice in Kanagawa Prefecture on May 30.
New Naoshima museum bets on Asia, not the West
Detail of Takashi Murakami, “Rakuchu-Rakugai-zu Byobu: Iwasa Matabei RIP” (2023-25)
Japan’s prison reform focuses on rehabilitation
Justice Minister Keisuke Suzuki speaks to reporters in Tokyo on Friday. Suzuki said preparations for the changes that will focus more on rehabilitation are being actively made at each correctional facility.
Accidents raise concern over how Japan vets foreign drivers
Keita Ueno (right), the owner of Kiki Driving School and an instructor who supports both foreign nationals and Japanese citizens returning from abroad in getting their foreign driver’s licenses converted, is worried about the current lax system for the process.

Podcast

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

Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic
By Alex K.T. Martin

SUSTAINABLE JAPAN

Muji has been sustainable from the beginning
Muji has been sustainable from the beginning

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