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BUSINESS
Mar 18, 2003

Iraq question said hurting U.S. auto market

The U.S. automotive industry will remain weak until the uncertainty surrounding the possible war in Iraq is clarified, General Motors Corp. Chairman John Smith Jr. said Monday in Tokyo.
BUSINESS / INTERNATIONAL RATIONALE
Mar 15, 2003

Multilateral alliance good for ANA, but JAL isn't convinced

All Nippon Airways Co. President Yoji Ohashi could hardly contain his joy last month when he witnessed the entry of Asiana Airlines Inc., South Korea's No. 2 carrier, into Star Alliance, the world's largest airline coalition.
JAPAN
Mar 14, 2003

Japan Tobacco strikes back with smoking salons

With the stock market hitting 20-year lows and the economic outlook getting worse, Japan's smokers have even more excuses to light up. Yet, in a country which has long been tolerant of tobacco use, a growing antismoking trend has made life for addicts more difficult.
BUSINESS
Mar 13, 2003

Seiko hopes to double its net profit

Watch maker Seiko Corp. said Wednesday its group net profit will more than double over the next three years under a new business plan through March 2006. By then, Seiko expects a group net profit of 8.5 billion yen, up from an estimated 3.5 billion yen profit for fiscal 2002.
JAPAN
Mar 11, 2003

GSK unit allegedly hid income

The Japanese affiliate of GlaxoSmithKline, the world's second-largest drug maker, failed to declare about 65 billion yen in income over a period of three years through its business year to Dec. 31, 2001, sources said Monday.
BUSINESS
Mar 7, 2003

UFJ spearheads bid to save small firms

The UFJ group, the nation's fourth-largest lender, will team up with financial services company Orix Corp., trading company Marubeni Corp. and others to set up a fund aimed at turning around small and medium-size firms, UFJ officials said Thursday.
BUSINESS
Mar 6, 2003

Group formed to drum up support for deregulation

A government panel established a working group Wednesday to encourage deregulation measures in 12 key areas.
Japan Times
CULTURE / Music / FUZZY LOGIC
Mar 2, 2003

Whatever you do, don't call them . . .

It's not every day that someone threatens to kill you. My mistake is to suggest to Asian Dub Foundation bassist Dr. Das that the new album, "Enemy of the Enemy," suggests ADF are moving in a more chilled-out eclectic direction.
Japan Times
BUSINESS
Mar 1, 2003

Rotary-powered RX-8 to hit the streets in April

HIROSHIMA -- It was the technology that created Cosmo Sports, the world's first dual rotary engine car, and shot Mazda Motor Corp. into the global spotlight in 1967.
BUSINESS
Feb 28, 2003

Kinki Nippon lays profits to cost cutting

Kinki Nippon Tourist Co. said Thursday its group net profit grew 4.8 percent to 2.45 billion yen last year thanks to cost cuts and a rebound in overseas travel.
BUSINESS
Feb 27, 2003

Automakers see jump in global output

Each of Japan's five biggest automakers said Wednesday they posted a year-on-year rise in domestic and overseas output for January due to robust overseas demand and their policy of moving factories abroad.
EDITORIALS
Feb 27, 2003

New BOJ head's main task

On March 20, former Bank of Japan Deputy Gov. Toshihiko Fukui will replace current BOJ Gov. Masaru Hayami as head of Japan's central bank. Mr. Fukui, now director of the Fujitsu Research Institute, will be assisted by two new deputies: Mr. Toshiro Muto, former vice minister of finance, and Mr. Kazumasa...
BUSINESS
Feb 19, 2003

Bandai to adopt holding firm system

Toy maker Bandai Co. said Tuesday it will adopt a holding company structure by March 2006 as part of a new three-year business plan that will be implemented in April.
BUSINESS
Feb 19, 2003

Showa Shell profits increase

Showa Shell Sekiyu K.K. chalked up a consolidated net profit of 18.67 billion yen in the business year that ended in December, up sharply from the previous year's 2.61 billion yen.
BUSINESS
Feb 18, 2003

Failures down in January but liabilities rose

The number of corporate bankruptcies fell 11.4 percent in January from a year earlier, but liabilities left behind rose 14.2 percent to 1.22 trillion yen, the largest January figure in the postwar period, Teikoku Databank Ltd. said Monday.
Japan Times
BUSINESS
Feb 18, 2003

Toyota launches revamped Harrier SUV with crash radar

Toyota Motor Corp. on Monday released its remodeled Harrier luxury sport utility vehicle on the domestic market, touting the inclusion of what the automaker says is the world's first precrash safety system using "millimeter-wave" radar.
Japan Times
BUSINESS
Feb 18, 2003

Cigar maker hopes to light up Japanese market

Altadis, the world's leading cigar maker, is set to increase its share in the small but fast-growing Japanese market by primarily targeting fashion-conscious young professionals, according to the firm's Asia-Pacific sales manager.
JAPAN / PREFECTURAL FARE
Feb 15, 2003

Taste, color of Tokushima arrive in Tokyo

One weekday afternoon in January, an elderly woman dropped by Tokushima Ai-ai Plaza in Tokyo's Minato Ward just to pick up a package of boiled and dried baby sardines and fish paste.
BUSINESS
Feb 14, 2003

Tokyo new condo supply slips 2.8%

The number of new condominiums put on sale in the Tokyo metropolitan area in January fell 2.8 percent from a year before to 3,327 units, the Real Estate Economic Institute said Thursday.
BUSINESS
Feb 14, 2003

Hitachi, Oracle to reinforce ties

Hitachi Ltd. and U.S. software company Oracle Corp. said Thursday they will reinforce their cooperation in the field of storage solutions.
BUSINESS
Feb 14, 2003

Sega and Sammy Corp. announce October tieup

Sega Corp. and pachinko machine maker Sammy Corp. announced Thursday that they will merge on Oct. 1, a move seen aimed at resolving Sega's financial troubles.
BUSINESS
Feb 14, 2003

Nisshin Fire, Tokio Marine to tie up

Tokio Marine & Fire Insurance Co. will take a one-third stake in Nisshin Fire & Marine Insurance Co. by March 2005, the nonlife insurers said Thursday.
BUSINESS / ON MANAGEMENT
Feb 11, 2003

Fatal Distraction: There's no such thing as a 'safe' investment, when it comes to a micromanaging CEO

A news story the other day included a list of a certain CEO's business activities, all on top of his "day" job: part-owner of a golf course, a hunt club and a new marina, each in a different part of the country; silent partner in his son's startup venture; prime mover behind a regional ski resort development;...
Japan Times
BUSINESS
Feb 11, 2003

Boutiques feast on Valentine's frenzy

St. Valentine's Day is a key occasion for confectioners as consumers snap up an estimated 50 billion yen worth of sweets to give to friends and loved ones on Feb. 14.
BUSINESS
Feb 8, 2003

Business service sector suffered in '02

The stagnant economy continued to deal severe blows to Japan's business service industries in 2002, as exemplified by a 6.5 percent decline in billing at advertising agencies, the first decline in three years.
BUSINESS
Feb 8, 2003

Marubeni to dissolve China food unit

Trading house Marubeni Corp. said Friday it will dissolve its unprofitable Chinese subsidiary Tianjin Ronghong Sales & Distribution Co. by the end of fiscal 2002.
BUSINESS
Jan 29, 2003

Ajinomoto to set up South Korea unit

Ajinomoto Co., Japan's largest seasoning maker, said Tuesday that it will set up a sales subsidiary in South Korea in March.
BUSINESS / ON MANAGEMENT
Jan 28, 2003

Habit vs. mechanics: Going from good to great can necessitate a 'Tiger Woods' overhaul

Recently an executive returned from a trip with a story about the salesman he visited. Now in his late 50s, the fellow had been a proven performer since early in his career, hitting his numbers and accumulating bonuses at a prodigious clip. His sales approach was direct to the point of being confrontational,...
BUSINESS
Jan 28, 2003

Brewers bank on heady days for nonalcoholic beer

Some of the nation's major breweries have started producing nonalcoholic beer in the hope of boosting a fledgling market helped by heightened health consciousness and steeper penalties for drunken driving.

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