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BUSINESS
Feb 20, 2002

Matsushita widens loss estimate

Matsushita Communication Industrial Co. said Tuesday it has widened its estimate of losses for the year to March 31 because of wobbling sales of mobile phones at home and abroad.
BUSINESS / TAKING STOCK
Feb 19, 2002

Luring individuals to stocks a key challenge

Individual investors turned net buyers of stocks for the first time in four months in January.
JAPAN
Feb 14, 2002

Ozawa CD reaches No. 2 on charts

A compact disc featuring the Vienna Philharmonic Orchestra led by Japanese maestro Seiji Ozawa has jumped to No. 2 on Japan's album charts, according to figures compiled earlier this week.
BUSINESS
Feb 14, 2002

January beer shipments down 2.2%

Shipments of beer and "happoshu" -- a low-malt, beer-like sparkling liquor -- fell 2.2 percent in January from a year before to 360,539 kiloliters, according to data released Wednesday by Japan's five top brewers.
CULTURE / Books / THE ASIAN BOOKSHELF
Feb 10, 2002

Love in a time of decline for homegrown literature

Is there a future for Japanese literature? That is the question posed by an article in the February issue of Bungakukai. Writer Akira Nagae visited various bookstores and publishers in search of an answer. The manager of a bookstore near an arts university in Tokyo feels authors and publishers are deceiving...
JAPAN
Feb 8, 2002

Snow Foods cuts bosses' pay by 50%

Snow Brand Foods Co., the meat packer hit by a fraudulent beef-labeling scandal, said Thursday it will cut the salaries of its president and two senior managing directors by 50 percent next month.
COMMUNITY
Feb 3, 2002

Sake's never been better -- so why the poor business?

Sake is so central to life in these islands that the name of the fermented rice drink is also the Japanese word for all alcoholic drinks.
BUSINESS
Feb 1, 2002

NEC to slash 14,000 workers worldwide before March 31

Computer maker NEC Corp. said Thursday that it will reduce its global workforce by 9.3 percent, or 14,000 jobs, by the end of March, doubling the number of jobs to be slashed from the figure it announced in late October.
BUSINESS
Feb 1, 2002

SESC calls for punishment of Morgan Stanley Japan

The government's stock market watchdog has recommended to the Financial Services Agency that Morgan Stanley Japan Ltd. and two Morgan Stanley traders be punished for illegal stock deals involving short-selling.
JAPAN
Jan 31, 2002

Tokyo impounds relabeled imported beef

Tokyo Metropolitan Government officials on Wednesday impounded about 3.5 tons of imported beef repackaged as domestic and stored at Snow Brand Food Co.'s warehouse in Tokyo's Ota Ward.
JAPAN
Jan 31, 2002

NPA warns hooligans in English

The National Police Agency released an English-language message Wednesday to warn foreigners intent on causing trouble at the 2002 World Cup soccer finals cohosted by Japan and South Korea that Japan is ready to deal with them.
BUSINESS
Jan 31, 2002

Minami finally throws in the towel

Minami Corp., a cash-strapped sporting goods retailer, filed for court protection from creditors Wednesday with liabilities of 28.9 billion yen, the company said.
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

Ministries working on food safety agency

The farm ministry and the health ministry are negotiating the establishment of a food safety agency in fiscal 2002, ministry officials said.
BUSINESS
Jan 30, 2002

Midsize brokers log group net losses

Seven out of the nation's eight midsize brokers, affected by the slumping stock market, logged group net losses in the first three quarters of fiscal 2001.
BUSINESS
Jan 27, 2002

Credit union forced customers to buy into golf club

OSAKA -- Kansai Kogin, a failed local credit union whose former executives were arrested last week in a breach of trust case, pressured recipients of loans in the late 1990s to buy memberships of a golf course operated by an affiliate by threatening to withdraw the loans, sources close to the case said...
BUSINESS
Jan 26, 2002

Foreigners turn net sellers for first time in a month

Foreign investors turned net sellers of Japanese stocks for the first time in four weeks last week.
BUSINESS
Jan 25, 2002

Mitsui Mining, Sumitomo Metal forge zinc deal

Mitsui Mining & Smelting Co. and Sumitomo Metal Mining Co. said Thursday they have agreed to integrate their zinc operations in an effort to cut costs and cope with intensifying international competition.
JAPAN
Jan 23, 2002

Southeast Asian goods find favor in Tokyo shops

Asian handicrafts are seeing a boom in Japan, particularly among young women.
BUSINESS
Jan 23, 2002

Toto, Matsushita detail China deal

Toto Ltd. and Matsushita Electric Works Ltd. said Tuesday they will mutually supply housing materials parts in China as part of their tieup in the housing materials business.
SOCCER / World cup
Jan 22, 2002

Prestige packs sell

Seven of the 25 types of prestige ticket packages for this summer's World Cup finals sold out on the first day of the second round of sales, officials of the Japanese organizing committee for the 2002 World Cup (JAWOC) said Monday.
BUSINESS
Jan 22, 2002

Itochu-Jeanne Lanvin tieup finalized

Itochu Corp. said Monday it has concluded a tieup agreement with Jeanne Lanvin s.a. of France, giving the major trading house the exclusive right to import products of the luxurious Lanvin fashion brand into Japan. The 10-year agreement, effective retroactively from Jan. 1, covers all Lanvin products...
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.
BUSINESS
Jan 15, 2002

Sanyo seeks Samsung link in tech sector

OSAKA -- Sanyo Electric Co. and Samsung Electronics Co. of South Korea are discussing the possibility of forming an alliance aimed at codeveloping advanced technologies, according to Sanyo officials.
BUSINESS
Jan 14, 2002

Shokusan Jutaku seeks protection from creditors

Shokusan Jutaku Sogo Co., a leading builder of custom-made houses, on Sunday filed for court protection from creditors with liabilities of 13.5 billion yen, the company said.
COMMENTARY
Jan 10, 2002

Nuclear deployment danger

HONOLULU -- The handshake between Indian Prime Minister Atal Behari Vajpayee and Pakistani President Pervez Musharraf in Nepal last Saturday caused an international sigh of relief as the two nuclear powers took a tentative step back from the brink of war. Tensions will remain high on the Indian subcontinent,...
BUSINESS
Jan 9, 2002

Foreigners stay net sellers

Foreign investors were net sellers of Japanese stocks for the second consecutive week during the third week of December.
BUSINESS
Jan 6, 2002

State bonds to be sold via Internet

The Ministry of Finance plans to directly sell 10-year government bonds to individuals through the Internet from as early as fiscal 2003, which begins in March next year, ministry officials said Saturday.
BUSINESS
Jan 5, 2002

Telecom body predicts 3% annual growth through 2006

The value of domestic sales and exports of telecommunications equipment and devices is expected to grow by an average 3.3 percent annually over the next five years, the Communication Industry Association of Japan said in a recently released report.

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