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May 20, 2025
 

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JAPAN
Apr 19, 2002

Travel agencies found in JET air-ticket scam

Major travel agency Kinki Nippon Tourist Co. was involved in a scheme last year in which it issued cut-rate airline tickets to JET teachers, billed local governments for regular fares and pocketed the difference, it was learned Thursday.
BUSINESS
Apr 18, 2002

Hitachi, IBM to form hard disk drive alliance

Hitachi Ltd. and International Business Machines Corp. said Wednesday they have agreed to form a strategic alliance in the field of storage technologies and will set up a joint venture to integrate their hard disk drive operations.
BUSINESS
Apr 13, 2002

Nikko unit to buy Tower Records

Nikko Principal Investments Corp., an affiliate of Nikko Cordial Corp., plans to buy all of the shares of Tower Records Inc. from its U.S. parent company MTS Inc. by around May, a spokesman at Nikko Cordial said Friday.
JAPAN
Apr 11, 2002

Tokyu Agency to pay 840 million yen over tax evasion

Major advertising agency Tokyu Agency Inc. failed to declare 1.03 billion yen in income for the five years to March 2001 and must pay 840 million yen in additional taxes and penalties, industry sources said Wednesday.
BUSINESS
Apr 10, 2002

Yamaha to boost presence in China, Asian markets

Yamaha Motor Co. said Tuesday it has launched a three-year business plan that focuses on sales growth in China and other Asian markets.
BUSINESS
Mar 29, 2002

Nissan to maximize stake in Renault

Nissan Motor Co. said Thursday it will acquire 13.5 percent of its alliance partner Renault SA through subsidiary Nissan Finance Co.
BUSINESS
Mar 28, 2002

MMC president-to-be leaves no stone unturned

When he arrived in Tokyo more than a year ago from the Railsystem Unit of the DaimlerChrysler Group, Rolf Eckrodt, vice president and chief operating officer of Mitsubishi Motors Corp., gave each MMC executive a piece of the Berlin Wall encased in clear plastic.
BUSINESS
Mar 28, 2002

Three electric cable makers to merge

Sumitomo Electric Industries Ltd. and two other electric cable makers said Wednesday they have reached a basic agreement to integrate operations to overcome a slump in demand.
BUSINESS
Mar 23, 2002

Snow Brand Foods to sell additives unit to Nissho Iwai

Snow Brand Foods Co., a meat processor and subsidiary of Snow Brand Milk Products Co., said Friday that it will sell its imported food additives operation to trading house Nissho Iwai Corp. on March 31.
BUSINESS
Mar 21, 2002

Sanyo Electric expects lower earnings

OSAKA -- Sanyo Electric Co. said Wednesday it has revised its profit outlook downward for the year to March 31, primarily due to smaller-than-expected sales.
BUSINESS
Mar 19, 2002

Seiko mulls reducing holdings in Epson unit

Seiko Corp. on Monday confirmed news reports that it is considering selling part of its equity stake in Seiko Epson Corp. by the end of this month.
BUSINESS
Mar 19, 2002

Electronics titans aim for LSIs

Hitachi Ltd. and Mitsubishi Electric Corp. announced Monday that they will set up a joint venture to integrate their semiconductor businesses relating to system LSIs, or large-scale integrated circuit chips.
BUSINESS
Mar 9, 2002

Foreigners turn net buyers

Nonresident investors bought 113.87 billion yen more than they sold last week on the Tokyo, Osaka and Nagoya stock exchanges, against net sales of 37.93 billion yen the previous week, according to industry figures.
BUSINESS
Mar 7, 2002

Short selling turns higher

The balance of stocks sold short turned higher last week after the previous week's buying frenzy to cover short positions subsided.
BUSINESS
Mar 6, 2002

Mitsubishi Estate expects big losses

Mitsubishi Estate Co. said Tuesday it anticipates a consolidated net loss of 72.5 billion yen in the business year through March, a reversal from an earlier forecast profit of 20.5 billion yen, as it will write off latent losses on real estate holdings.
BUSINESS
Mar 5, 2002

Optimism abounds as TSE passes 11,000

Optimism is spreading rapidly throughout the Tokyo stock market. With the key Nikkei average having reclaimed 11,000, a level unseen for months, market players believe they have, for now, established the downside of the market.
BUSINESS
Mar 2, 2002

Misawa hits up UFJ for 70 billion yen

Misawa Homes Co. said Friday it has asked UFJ Bank to forgive 35 billion yen in loans and purchase 35 billion yen of its preferred shares in line with a new restructuring program.
BUSINESS
Mar 2, 2002

Komatsu forecasts larger net loss

Komatsu Ltd. said Friday it expects a larger-than-forecast group net loss for fiscal 2001, blaming a a sharp fall in demand for construction machinery that was caused by falling public investment and construction investment.
BUSINESS / ON THE FRONT LINE
Mar 2, 2002

Dollar may test 140 yen level by end of year

The dollar could snap out of its current range between 132 yen and 135 yen in mid-March and test the 140 yen line toward the close of fiscal 2001.
BUSINESS
Mar 2, 2002

Foreigners turn net sellers

Foreign investors turned net sellers of Japanese stocks last week.
SOCCER / World cup
Mar 1, 2002

FIFA 'ready' for World Cup

FIFA officials and representatives of the 32 teams competing in this year's World Cup wrapped up a two-day workshop in Tokyo on Thursday by declaring that they are ready to stage the World Cup in May and June.
EDITORIALS
Feb 28, 2002

Reform initiative faces setback

Prime Minister Junichiro Koizumi faces mounting difficulties as he tries to keep his reform initiative alive. His problem, in a nutshell, is that events are overtaking him. The gap between rhetoric and reality is widening amid growing signs of deflation. His favorite slogan, "structural reforms with...
BUSINESS
Feb 27, 2002

Nissan unveils first vehicle codeveloped with Renault

Nissan Motor Co. on Tuesday released the new version of its March compact car, the first vehicle to feature a platform jointly developed with its French partner, Renault S.A.
JAPAN
Feb 26, 2002

World Cup coins go on sale today

Orders for commemorative coins for this year's World Cup soccer finals to be cohosted by Japan and South Korea will be accepted from today to March 11, the Finance Ministry said Monday.
JAPAN
Feb 23, 2002

Snow Brand Foods to disband

Snow Brand Foods Co. will lay off most of its 1,000 employees in March and disband in April, the scandal-tainted firm said Friday.
BUSINESS
Feb 23, 2002

Foreigners snap up stocks

Foreign investors turned net buyers of Japanese stocks for the first time in five weeks last week.
BUSINESS
Feb 21, 2002

Noevir to sell cosmetic goods online

Cosmetics maker Noevir Co. said Wednesday it will begin selling products over the Internet in April.
BUSINESS
Feb 21, 2002

Cooking oil producers set to merge

A joint holding company to be formed April 1 by Honen Corp. and Ajinomoto Oil Mills Co. will merge with another cooking oil producer, Yoshihara Oil Mill Ltd., to create the largest domestic entity in the field, according to the three firms.
Australian firm produces heavy rare earth, in first outside China
The Lynas Rare Earths processing plant in Kalgoorlie, Western Australia
Random stabbing cases in Japan raise fears: Could the next victim be me?
Police officers stand guard on May 7 outside Todaimae Station in Tokyo's Bunkyo Ward after a random stabbing that injured a University of Tokyo student.
Nissan to solicit early retirements while eyeing plant closures in Japan
Nissan's Oppama plant in Yokosuka, Kanagawa Prefecture, may be closed as part of the struggling carmaker's streamlining efforts.
Police arrest Chinese man in Saitama hit-and-run case
Police questioned a man who turned himself in as he closely resembled the driver recorded on the dashcam of another vehicle that happened to pass by the scene of a hit-and-run incident in Saitama Prefecture.
Princess Aiko arrives in Ishikawa to visit quake-hit areas
Princess Aiko is greeted by Ishikawa Gov. Hiroshi Hase (left) at the Kanazawa Station on Sunday.
Agnes b. Japan CEO hopes to evolve the brand with focus on sustainability
Laurent Patouillet, the CEO and president of Agnes b. Japan, says the focus of its business is to remain independent, and evolve and adapt.
In Nintendo’s backyard, foreign indie game devs are thriving
Kyoto's gaming landscape is dominated by Nintendo's headquarters, but a contingent of foreign-born indie developers is also working in the gaming giant's shadow.
Akazawa's dilemma: no tariff deal or a half-baked deal
Chief tariff negotiator Ryosei Akazawa and his delegation in the Oval Office of the White House in April. Since then, Japan's trade negotiations with the U.S. have produced no tangible results.
Nissan hoping to electrify home crowd as Formula E returns to Tokyo
Nissan's Oliver Rowland drives during qualifying for Miami E-Prix at Homestead Motor Speedway in Homestead, Florida, on April 12.
For his first feature film, director Ryuya Suzuki created a masterpiece
"Jinsei," which follows its protagonist over a century, probes themes of identity and societal issues with a dark comic touch. The director, however, says he created the story without knowing where it would lead.

Podcast

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

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
By Alex K.T. Martin

SUSTAINABLE JAPAN

Tsukuba massif granite, one of the world’s few heritage stones
Tsukuba massif granite, one of the world’s few heritage stones

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