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BUSINESS
Feb 8, 2002

Mitsubishi saw profit dive 45% in third quarter

Mitsubishi Corp. said Thursday its group net profit in the October-December period plunged 45.3 percent from a year earlier to 10.43 billion yen on operating revenue of 3.37 trillion yen, down 4.5 percent.
JAPAN / WORKING IT OUT
Feb 8, 2002

Calls mount for work-sharing as jobless ranks soar

KOBE -- Hatsue Okada, a 33-year-old nurse, works between 9:30 a.m. and 2 p.m. three days a week at a day-care center for elderly people in Kakogawa, Hyogo Prefecture.
JAPAN
Feb 7, 2002

Baldness may be cured -- in 2010

OSAKA -- Sumitomo Electric Industries Ltd. said Wednesday it has developed a synthesized protein that can help reactivate dormant hair root cells.
JAPAN
Feb 7, 2002

Checks of large MMC vehicles reveal hub abrasions

Mitsubishi Motors Corp. said Wednesday that in voluntary checks of 5,598 large vehicles made after an accident last month in Yokohama, it found that hubs on 8.6 percent of them showed signs of abrasions.
Japan Times
JAPAN / WORKING IT OUT
Feb 6, 2002

Middle-aged job seekers facing age discrimination

When Masao Suzuki heard his company was offering an early retirement program that paid out 2.5 times the regular amount, he figured it was time to move on. But first he has to find a new job.
BUSINESS
Feb 1, 2002

Tokio, Asahi Mutual scrap tieup

The merger of Tokio Marine & Fire Insurance Co. and Asahi Mutual Life Insurance Co.'s life insurance businesses, touted for March 2003, has been scrapped. The decision, reached during a meeting Thursday morning between Tokio Marine President Kunio Ishihara and Asahi Mutual President Yuzuru Fujita, has...
BUSINESS
Jan 31, 2002

Life, nonlife insurers scrap tieup

Tokio Marine & Fire Insurance Co. and Asahi Mutual Life Insurance Co. have decided to scrap their plans to integrate under a single holding company by March 2003 due to the cautious stance of the nonlife insurer, sources from the two companies said Wednesday.
JAPAN
Jan 30, 2002

Snow Brand admits units in Kanto also in on scams

Snow Brand Food Co. acknowledged Tuesday that two of its Kanto-based meat units also misstated imported beef as domestic meat in early November in an attempt to reduce inventories and win government subsidies related to the outbreak of mad cow disease in mid-September.
JAPAN
Jan 27, 2002

Snow Brand's products taken off menus at schools

OSAKA -- Education boards in Osaka, Nara and Shimane prefectures as well as 10 cities across Japan have decided to remove Snow Brand group products from school meals in the wake of the beef labeling scandal at Snow Brand Food Co., according to a Kyodo News survey.
BUSINESS
Jan 25, 2002

Mitsukoshi to get new president

Japan's leading department store chain, Mitsukoshi Ltd., plans to name senior executive director Taneo Nakamura as company president, company sources said.
BUSINESS
Jan 20, 2002

Nankai to slash staff, cut pay, close units

OSAKA -- Financially ailing Nankai Electric Railway Co. has unveiled a radical restructuring program, saying it will slash more than 20 percent of its workforce, reduce pay and close down unprofitable subsidiaries.
JAPAN
Jan 18, 2002

Ozaki tied to rigged hospital bid

Construction company Kajima Corp. and two political secretaries named in recent scandals competed for work on the same hospital building project in Yamagata Prefecture in the late 1990s, industry sources said Thursday.
BUSINESS
Jan 17, 2002

MHI may close machine tool plant

Mitsubishi Heavy Industries Ltd. is considering closing its large-scale machine tool manufacturing plant in Hiroshima as early as 2003 due to slack demand, company officials said Wednesday.
Japan Times
LIFE / Digital / NAME OF THE GAME
Jan 17, 2002

Nintendo's Arakawa surprises with retirement announcement

Nobody really cared who the president of Nintendo of America was when Minoru Arakawa founded the company in 1980. With games like "Radarscope" and "Sheriff," it was just another Taito wannabe trying to break into the U.S. arcade market.
JAPAN
Jan 12, 2002

Kato says no evidence links him to tax scandal

Koichi Kato, former secretary general of the ruling Liberal Democratic Party, said Friday there is no evidence implicating him in a tax evasion scandal concerning his secretary and maintained the aide had properly handled political funds.
MORE SPORTS
Jan 4, 2002

Kwansei Gakuin prevails in Rice Bowl

The collegiate champion Kwansei Gakuin University Fighters not only beat the X League champion Asahi Beverage Challengers but also shut down criticism that the annual national championship game should not be played between the college and company leagues.
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 / ON MANAGEMENT
Dec 18, 2001

Rampaging egos make perfect targets

We human beings are strange creatures. We'll work and slave and sweat blood to turn an idea into reality -- to start a business, compose an opera, run for political office or, most commonly, to create an initiative at our companies. And yet, when we do succeed, we immediately put everything we've worked...
CULTURE / Books / THE ASIAN BOOKSHELF
Dec 16, 2001

Young Japanese struggle to find their way

As another year comes to an end, the Japanese media continue to wonder at the new generation at school and at work. The term "shinjinrui" (new species) seems to have fallen out of use but the prevailing attitude is still one of bemusement and even dismay.
BUSINESS
Dec 7, 2001

Expect more firms to follow Aoki as banks clean loan mess

Major construction company Aoki Corp. filed for court protection Thursday, unable to seek further aid from its creditors. The collapse is a foretaste of more to come, as banks hurry to clear their books of bad debts.
BUSINESS
Dec 7, 2001

Teijin pulls out of power-selling study thanks to Enron

Major chemical and textile maker Teijin Ltd. said Thursday it will scrap a feasibility study with a Delaware company on selling power in Japan due to the failure of the U.S. firm's parent, Enron Corp.
BUSINESS
Dec 6, 2001

Not all auto industry restructuring drives get same mileage

As Japanese companies in almost all sectors carry out large-scale restructuring, the auto industry can offer them a number of case studies that reflect varying measures of success.
CULTURE / Books / THE ASIAN BOOKSHELF
Dec 2, 2001

Making the polluter pay

MINAMATA: Pollution and the Struggle For Democracy in Postwar Japan, by Timothy S. George. Cambridge: Harvard University Press, 2001, 385 pp., $45 (cloth) The story of mercury poisoning suffered by residents near the port of Minamata in Kyushu is a well-known tale of knavery on a grand scale. A telling...
JAPAN
Nov 7, 2001

Surname law now said out of sync

After years of debate and shifting social trends, legislation that would allow Japanese married couples to keep separate surnames may finally hit the Diet floor.
JAPAN / JOB JITTERS
Nov 3, 2001

Retirement not always time to relax

The red, blue and green flags of labor unions fluttered in front of the towering headquarters of a major bank in Tokyo's Marunouchi business district in early September as about 200 workers shouted, "The bank ought to carry out its social responsibility" and "We don't forgive the bank for dismissing...
JAPAN / JOB JITTERS
Nov 3, 2001

Retirement not always time to relax

The red, blue and green flags of labor unions fluttered in front of the towering headquarters of a major bank in Tokyo's Marunouchi business district in early September as about 200 workers shouted, "The bank ought to carry out its social responsibility" and "We don't forgive the bank for dismissing...
BUSINESS
Oct 24, 2001

GM to advise ailing Isuzu

General Motors Corp. will help the financially struggling Isuzu Motors Ltd. manage its operations, but it does not intend to increase its stake in the truck maker, Richard Wagoner, president and chief executive officer of GM, said Tuesday.

Longform

Japan's growing ranks of centenarians are redefining what it means to live in a super-aging society.
What comes after 100?