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BUSINESS / ASEAN JOURNALIST SYMPOSIUM
Nov 16, 2010

Japan urged to cope with changing landscape in Asia

Japan needs to come to terms with its declining influence in Asia and readjust its strategy toward Southeast Asia, where its once-dominant position has been replaced by rising China, veteran journalists from the region said at a recent symposium in Tokyo.
COMMENTARY / World
Oct 22, 2010

Entrepreneurs' best friend growing long in the tooth

HONG KONG — Standard Chartered Bank has an advertisement currently running on television that is eye-catching and thought-provoking. Its central message is that "not everything that counts in life can be counted" and that the bank wants to be "here for people; here for progress; here for the long run;...
COMMENTARY / World
Jun 5, 2010

BP disaster's lesson for government regulators

CAMBRIDGE, Mass. — As the damaged BP oil well continues to spew millions of gallons of crude from the depths of the floor of the Gulf of Mexico, the immediate challenge is how to mitigate an ever-magnifying environmental catastrophe. One can only hope that the spill will be contained soon, and that...
BUSINESS / ANALYSIS
Jun 3, 2010

Resignation deepens unease about country's direction

Prime Minister Yukio Hatoyama's surprise announcement that he is stepping down before the July Upper House election is likely to deepen uncertainty about Japan's politics and raise more concerns about its still fragile economic recovery, economists and analysts said Wednesday.
COMMENTARY / World
May 6, 2010

Brand, but don't ban, credit default swaps

CHICAGO — The lawsuit filed last month by the U.S. Securities and Exchange Commission against Goldman Sachs for securities fraud, charging the bank with misrepresenting the way a collateralized debt obligations had been formed, has revived public disgust at credit default swaps (CDS), the instrument...
COMMENTARY
Mar 11, 2010

The U.S. media badly needs a wakeup call

Different societies allow their news media different roles. In most countries the media is subordinated to power, whether of the government or the ruling class. Surprisingly or not, the American model is not widely emulated globally.
COMMENTARY
Jan 11, 2010

Incredible shrinking media

SEATTLE — As you flip through a range of channels on your TV or browse through a stack of newspapers and magazines at a newsstand, you may feel lucky to live in a world where such a plethora of viewpoints is available. It might also seem that the apparent increase in media choices also increases the...
BUSINESS
Mar 12, 2009

FSA plans crackdown on credit skinflints

The Financial Services Agency plans to make unprecedented inspections of Japan's top banks to avert a loan drought that would boost bankruptcies.
Japan Times
JAPAN / EXPLAINER
Mar 3, 2009

Newspapers here soldiering on

Japan's newspaper industry caters to a nation of avid readers and has thus enjoyed a healthy business environment when compared with other developed countries — but times are changing.
COMMENTARY / World
Jan 7, 2009

Managing fads, frenzies and finance markets

BARCELONA — The financial crisis, credit crunch and ensuing economic downturn have severely damaged the credibility of financial markets, institutions and traders. More and more people are claiming that markets are characterized by irrationality, bubbles, fads and frenzies, and that economic actors...
JAPAN / EXPLAINER
May 6, 2008

Finance Ministry losing its luster

The Finance Ministry has long been known as the most powerful and elitist of Japan's bureaucracy. When Prime Minister Yasuo Fukuda repeatedly tried in March to appoint a former vice finance minister as the new Bank of Japan governor — only to be rejected by the opposition-controlled Upper House —...
COMMENTARY / World
Nov 21, 2007

Myth of U.S.-EU economic decoupling

PALO ALTO, Calif. — The fact that America's economy is slowing is bad news for Europeans, regardless of claims that Europe's economy has successfully decoupled itself from the United States. Decoupling is an idea that is based on bad economics — and on some Europeans' reluctance to accept the fact...
BUSINESS
Sep 17, 2007

Whoever leads next must revive reform, fix Japan's economy

The moment Prime Minister Shinzo Abe resigned, pundits were out offering explanations. Weak diplomacy, scandals, verbal gaffes by Cabinet members, you name it. Yet Abe's undoing was the economy, period.
JAPAN
Nov 2, 2006

Kimura exec who cooked the books can walk

The Tokyo District Court sentenced former Kimura Construction Co. executive Akira Shinozuka to a suspended one-year prison term Wednesday for window-dressing the firm's 2004 financial statements.
BUSINESS
Oct 14, 2006

Nuke test casts cloud over markets: Fukui

The nuclear test North Korea claimed it conducted Monday will negatively effect Japan's economy, Bank of Japan Gov. Toshihiko Fukui said Friday.
BUSINESS
Jan 20, 2006

Rakuten pushes ahead with bold move into finance

Rakuten Inc., one of the country's fastest growing Internet startups, said Thursday it has formed business alliances with three entities, as it works to expand its Internet shopping mall business into comprehensive financial services.
JAPAN
Jan 5, 2006

Koizumi kicks off new year defiant toward Beijing, Seoul

Prime Minister Junichiro Koizumi criticized China and South Korea during his New Year's news conference Wednesday, claiming it is Beijing and Seoul, not Tokyo, that should work to resolve their long-standing gripes over his repeated visits to Yasukuni Shrine.
EDITORIALS
Jun 18, 2005

New era of bank card security

Bank deposit safety in Japan is threatened increasingly by people using forged or stolen cards to make illegal withdrawals. Now, members of the Diet are preparing to introduce a bill that would require all financial institutions -- including commercial banks, post offices and credit unions -- to compensate...
Japan Times
COMMUNITY / Our Lives / CLOSE-UP
Jul 4, 2004

Seiichi Kanise: Media insider casts an outsider's eye on Japan

After 17 years' experience as a top-flight news reporter both at home and abroad, in 1991 Seiichi Kanise began a 10-year stint as a TV news anchorman. Then, after covering a wide range of news events, in 2003 he accepted an offer from the Tokyo-based Bunka Hoso (Nippon Cultural Broadcasting Inc.) radio...
BUSINESS
Jul 3, 2004

Japan to keep mending finances: Hosokawa

The new vice finance minister indicated Friday that the government will continue trimming spending and curbing the issuance of state bonds to reduce the balance of government debt, which has swelled to 483 trillion yen.
EDITORIALS
Jun 20, 2004

Japanese baseball at a crossroads

Whither goes Japanese professional baseball? That question must have come to the minds of many Japanese when they heard last week the news that officials of two professional baseball clubs, the Kintetsu Buffaloes and the Orix BlueWave, have reached a basic agreement to merge the teams. The news came...
JAPAN
May 21, 2004

Fresh coverup scandal rocks Mitsubishi Fuso

Mitsubishi Fuso Bus & Truck Corp. became embroiled in another defect-coverup scandal Thursday.
BUSINESS
Mar 18, 2004

UFJ Bank head denies data coverup

UFJ Bank President Masashi Teranishi denied Wednesday that the bank covered up the financial health of borrowers before the government launched probes into the major banking group.
BUSINESS
Dec 30, 2003

Bankrupt companies failed to disclose risk information

Seven of the 14 listed companies that have gone bust since April did so without previously disclosing information about their business risks, such as excessive debts and huge operating losses, according to a survey conducted by Kyodo News.
JAPAN
Jul 23, 2003

Don't build it unless they'll come

More than three-quarters of respondents to a recent survey believe the government should stop building expressways if the projects are not expected to turn a profit.
JAPAN
Jul 11, 2003

Japan Highway accused of hiding data that show it riddled with debt

Japan Highway Public Corp. may be keeping a secret.
Japan Times
JAPAN
Apr 1, 2003

Oshima steps down over aides' scandals

In another blow to the Cabinet of Prime Minister Junichiro Koizumi, tarnished farm minister Tadamori Oshima stepped down Monday.

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