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BUSINESS
Apr 25, 2002

Aiwa incurs 46 billion yen net loss

Audio-equipment maker Aiwa Co. said Wednesday its group net loss increased to 46.58 billion yen in fiscal 2001, up from 39.01 billion yen a year earlier, due to large retirement benefit payouts related to workforce cuts necessitated by its planned integration with Sony Corp.
LIFE / Digital
Apr 25, 2002

Lie detection infiltrating everyday life

When Bill Clinton first said, "I never had sexual relations with that woman . . ." back in 1998, a report flushed that a new Israeli lie detector figured he was being truthful.
Japan Times
BUSINESS
Apr 22, 2002

Nutritional company targets a 'priceless' market

Nature's Sunshine Products, the Utah-based company that revolutionized the nutritional supplement industry, this month celebrated its 30th anniversary with a convention in Fukuoka that brought together top executives and its Japanese "family."
SOCCER / World cup
Apr 21, 2002

JAWOC put on hold by FIFA

The drawing to decide successful applicants for the third round of World Cup ticket sales will take place as early as April 26, providing the Japanese World Cup Organizing Committee receives a reply from FIFA, JAWOC said Friday. The April 26 drawing has been set based on JAWOC's initial plans.
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.
Tokyo is the No. 2 choice for international students
The University of Tokyo. International students are increasingly flocking to Asia, with affordability being a particularly important metric.
Junglia, Japan’s newest theme park, opens in northern Okinawa
In Junglia’s Dinosaur Safari attraction during a media preview on Thursday, a casual drive through a habitat for the prehistoric creatures goes haywire when several Tyrannosaurus rexes break out of containment.
Extreme heat grips Japan, including even Hokkaido
The city of Obihiro in Hokkaido amid scorching heat on Thursday
‘Demon Slayer’ movie slashes its own box office records
“Demon Slayer: Kimetsu no Yaiba Infinity Castle” is the first installment in a trilogy that's set to wrap the anime adaptation of Koyoharu Gotoke's manga about sword-wielding heroes fighting man-eating demons.
Ishiba rules out joint document on U.S. tariffs as deal's details trickle out
Prime Minister Shigeru Ishiba delivers a speech at an event in Karuizawa, Nagano Prefecture, on Friday afternoon.
Behind the scenes: Inside Fuji Rock’s strategy for staying on top
In recent years, Fuji Rock has had fewer blockbuster performers and showcased more top-selling Japanese acts and international musicians' first-time performances in Japan.
Tokyo is the No. 2 choice for international students
The University of Tokyo. International students are increasingly flocking to Asia, with affordability being a particularly important metric.
Hall of Fame always held deeper meaning for Ichiro
Ichiro presents then-Hall of Fame President Jeff Idelson with the bat he used to break the single-season hits record in 2004.
Japan leans into homegrown AI amid rising competition
McKinsey’s 2025 Technology Trends Outlook, published Wednesday, says that the use of “sovereign AI” is a trend gaining significant global traction, including in Japan.
JT picks: What not to miss at Fuji Rock 2025
Fuji Rock Festival turns the green slopes of Niigata Prefecture’s Naeba Ski Resort into a summer escape that offers soundtracks for every mood.

Podcast

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

Longform

Ichiro Suzuki, one of the most iconic players in NPB and MLB history, was elected to the Baseball Hall of Fame with 99.7% of the vote.
With Hall of Fame induction, Ichiro makes himself heard loud and clear
By Jason Coskrey

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