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JAPAN
Apr 29, 2004

Tax officials suspect Ebara hid 540 million yen

Plant engineering firm Ebara Corp. has been accused of hiding 540 million yen in income over three years through fiscal 2002, including roughly 300 million yen in suspected slush funds, it was learned Wednesday.
BUSINESS
Apr 29, 2004

Nippon Steel swings into the black

Nippon Steel Corp. said Wednesday its group net balance swung into the black in fiscal 2003 on brisk sales to automobile, ship and industrial machinery makers, as well as on strong exports.
BUSINESS
Apr 24, 2004

Tertiary industry activity index falls

Japan's tertiary industry activity index plunged in February from January, marking the largest margin of decline in seven years, the government said Friday.
BUSINESS
Apr 23, 2004

Teething troubles aside, merit-based pay catching on

Corporate Japan's shift toward performance-based pay has been beset by difficulties.
BUSINESS
Apr 22, 2004

Yahoo Japan's net profit more than doubled in '03

Yahoo Japan Corp. said Wednesday its net profit more than doubled to 24.83 billion yen for the year through March, powered by robust growth in ad revenue.
BUSINESS
Apr 21, 2004

Sony revises projections upward

Sony Corp. on Tuesday revised upward its projections for group profits and sales for fiscal 2003 due to greater profits in the United States and foreign-exchange gains.
JAPAN
Apr 17, 2004

Bribes get Suzuki aide suspended term

A former aide to former lawmaker Muneo Suzuki received a suspended two-year prison term Friday for conspiring to accept 1.1 million yen in bribes and concealing 100 million yen in income from Liberal Democratic Party-related ticket sales and donations in 1997 and 1998.
BUSINESS
Apr 14, 2004

Japan Post sees international business as cornerstone

Japan Post aims to beef up its international business to survive intensifying global competition ahead of its planned privatization beginning in 2007, according to Masaharu Ikuta, president of the government-owned entity.
BUSINESS
Apr 13, 2004

Nonresidents buy stocks at record level

Nonresident investors were net buyers of Japanese stocks in fiscal 2003, with purchases exceeding sales by a record 14.041 trillion yen.
BUSINESS
Apr 9, 2004

Worker sentiment best since August '01

Business sentiment among workers with jobs sensitive to economic fluctuations rose in March to the highest level since August 2001, the government said Thursday.
JAPAN
Apr 3, 2004

Crackdown has publishers running scared

Yasunori Okadome last month suspended publication of his profitable monthly gossip magazine Uwasa-no-shinso (The Truth Behind Rumors), due to fears that a lawsuit could put him out of business for good.
BUSINESS
Apr 3, 2004

Chinese firm tells IRCJ of Kanebo purchase plan

Chinese drugmaker Sanjiu Enterprise Group has informed the Industrial Revitalization Corp. of Japan of its plans to buy the pharmaceutical business of Kanebo Ltd., an official of the Chinese firm's Japan unit said Friday.
BUSINESS
Apr 3, 2004

Boeing upbeat over new 7E7 jets

U.S. aircraft maker Boeing Co. said Friday it anticipates steady demand for its new 7E7 Dreamliner jets in Asia.
BUSINESS
Mar 31, 2004

Companies prepare for launch of securities trading deregulation

If a convenience store in your neighborhood sold securities products, would you drop in to purchase them?
BUSINESS
Mar 24, 2004

Yamato to make printed-matter deliveries easier

Yamato Transport Co. will launch a new service Wednesday to deliver magazines, catalogs, books and other printed material on behalf of individual customers.
BUSINESS
Mar 23, 2004

Electricity, gas firms vie for slice of energy market

Amid stagnant growth in household energy consumption caused by the prolonged recession, the electricity and gas industries are locked in fierce competition for sale of safe, cheap energy to homes.
COMMUNITY / How-tos / LIFELINES
Mar 23, 2004

More big sizes and outdoor pursuits

Big sizes So many of you responded to the reader looking for larger sized clothes. Here are some more tips.
BUSINESS
Mar 20, 2004

Sanyo lowers profit projections

Sanyo Electric Co. said Friday it has lowered its profit outlook for the year to March 31 and now expects a group net profit of 3 billion yen, down sharply from the previous forecast of 25.5 billion yen it announced in October.
BUSINESS
Mar 5, 2004

Steelmakers enjoy fiscal 2003 amid China boom

Japan's four largest steelmakers said Thursday they are on track to report bumper earnings for fiscal 2003, thanks to a steel market upturn based on strong demand in China.
BUSINESS
Mar 5, 2004

Manufacturers' capital spending up 15%

Capital spending by manufacturers jumped 15 percent in the October-December quarter from a year earlier for the biggest rise in 2 1/2 years, underscoring the strong capital investment fueling the recent economic recovery, the Finance Ministry said Thursday.
Japan Times
JAPAN
Mar 4, 2004

Amusement parks on white-knuckle ride

Roller coasters and merry-go-rounds at amusement parks offer people an opportunity to spice up their lives with a few thrills and spills.
Japan Times
BUSINESS
Mar 3, 2004

China becomes lifeline for local Japanese industries

Small industries in Japan that have long been plagued by cheap imports from China are now finding a means of survival by exporting high-grade products there.
Japan Times
JAPAN
Mar 2, 2004

Seibu execs arrested for 'sokaiya' payoff

Police arrested nine people Monday, including board members of Seibu Railway Co., over their suspected involvement in the firm's alleged payoff of a "sokaiya" corporate extortionist to ensure that its shareholders' meetings went smoothly.
BUSINESS
Feb 24, 2004

Cats files for bankruptcy amid management scandal

Pest-control firm Cats Inc. filed for bankruptcy Monday, saying it failed to obtain lenders' support after its executives were arrested for allegedly manipulating its share price.
BUSINESS
Feb 20, 2004

FSA to allow registered companies to enter trust business

The Financial Services Agency plans to allow individuals and nonfinancial firms to register to set up trust companies with limited operations.
COMMENTARY / World
Feb 18, 2004

Currency depreciation won't spur growth

UBUD, Bali -- In a fruitless and pointless exercise, economic policymakers and businesses fret endlessly over the international value of currencies. This is because interventions to guide foreign-exchange valuations tend to be costly and may have only a temporary effect at best.
BUSINESS
Feb 5, 2004

Hitachi profit jumps in third quarter

Hitachi Ltd. said Wednesday it chalked up a group net profit of 2.52 billion yen in the October-December quarter, marking a turnaround from a loss of 2.26 billion yen posted a year ago.
Japan Times
JAPAN
Feb 3, 2004

Electronic toll system users on rise

The Electronic Toll Collection system, introduced in 2001 to collect highway fees without drivers having to stop, is gaining in popularity due to discounts for installing the system and reduced fees for users.

Longform

A sinkhole in Yashio, which emerged in January, was triggered by a ruptured, aging sewer pipe. Authorities worry that similar sections of infrastructure across the country are also at risk of corrosion.
That sinking feeling: Japan’s aging sewers are an infrastructure time bomb