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BUSINESS
Sep 22, 2001

Foreigners turn net sellers of Japan stocks

The recent terrorist attacks in the United States prompted foreign investors to unload their equity holdings on the Japanese stock market last week.
BUSINESS
Sep 15, 2001

Daikin arm to oversee China units

OSAKA -- Industrial air conditioner manufacturer Daikin Industries Ltd. said Friday it has set up a wholly owned unit in Beijing to oversee air conditioner and chemical products operations at the company's Chinese subsidiaries.
BUSINESS
Sep 15, 2001

Mitsubishi revises down profit outlook

Mitsubishi Electric Corp. on Friday revised downward its earnings projections for the first half of fiscal 2001, blaming the plunge in global demand for semiconductors and mobile phones.
JAPAN
Sep 13, 2001

Nikkei falls under vital 10,000 line

The benchmark Nikkei stock average tumbled below 10,000 for the first time in 17 years Wednesday as chaos overcame world financial markets following terrorist attacks in the United States the previous day.
CULTURE / Music / J-POPSICLE
Sep 12, 2001

You ain't nuthin' but a henjin

What a wacky guy Junichiro Koizumi is. When he's not battling bureaucracy or trying to revive the ailing economy, Japan's unprecedentedly popular prime minister likes nothing better than to chill out and listen to the music of the King: Elvis Presley.
BUSINESS / TAKING STOCK
Sep 11, 2001

Market rebound likely after end of month

The Tokyo stock market is seeking its downside, with the 225-issue Nikkei average plunging close to 10,000 amid concern over global economic and corporate earnings prospects.
JAPAN
Sep 9, 2001

10 more top ministry officials used public cash for hotel bill

About 10 senior bureaucrats from the Foreign Ministry stayed at a luxury Tokyo hotel and made a lower-ranking official, who is now under arrest, pay their bills with public money he had pooled, police sources said Saturday.
JAPAN
Sep 8, 2001

Official says he padded bills for 20 years

An assistant director of the Foreign Ministry who was arrested Thursday on suspicion of defrauding the state out of some 423 million yen by padding hotel bills for international meetings in 1995 has admitted padding accommodation fees for the past 20 years, investigative sources said Friday.
BUSINESS / TAKING STOCK
Sep 4, 2001

Stock market set to rally by end of year

The Tokyo stock market is testing its downside, reflecting recent weakness in U.S. stocks as well as concerns about Japanese earnings prospects.
JAPAN
Aug 31, 2001

Kyocera to shed 20% of workforce amid IT slump

The Kyocera Corp. group will cut about 10,000 jobs from its global workforce of 51,000, possibly within this year, to deal with the worldwide slump in the information technology sector, company officials said Thursday.
BUSINESS
Aug 31, 2001

Automobile production for July dropped 1.2%

The nation's automakers produced 883,962 cars, trucks and buses in July, down 1.2 percent from a year earlier, the Japanese Automobile Manufacturers Association said Thursday.
BUSINESS
Aug 30, 2001

Eisai unit to shut down Texas plant

Drugmaker Eisai Co. said Wednesday that its U.S. subsidiary, Eisai U.S.A. Inc., will close its vitamin factory in Pasadena, Texas.
CULTURE / Music
Aug 29, 2001

Boy Bands II Men Bands

On July 9, the day after the Backstreet Boys announced on MTV that their tattooed bad-boy member A.J. McLean was entering a rehabilitation facility for "alcohol and depression," advertisements appeared in the Japanese dailies announcing the Boys' Japan dome tour in November. Tickets, however, would not...
BUSINESS
Aug 28, 2001

Omron cuts back group profit forecasts for fiscal 2001

Omron Corp., a maker of automated control equipment, said Monday it has cut earnings forecasts for fiscal 2001, trimming group net profit by 42.3 percent for the full year and by 66.7 percent for the first half from earlier projections in May.
BUSINESS
Aug 28, 2001

Microsoft delays Japan Xbox debut

The launch of video game console Xbox in Japan will be delayed from November to Feb. 22, Microsoft Co., the Japanese unit of Microsoft Corp. of the United States, announced Monday.
JAPAN
Aug 26, 2001

Toshiba to slash 20,000 jobs worldwide amid IT slump

Toshiba Corp. will slash 20,000 jobs from its group workforce of 190,000 to cope with deteriorating earnings in its semiconductor business amid the worldwide slump in the information technology sector, company officials said Saturday.
BUSINESS
Aug 25, 2001

Foreigners turn net buyers of Japanese stocks: report

Foreign investors turned net buyers of Japanese stocks last week while major domestic players continued to unload their shareholdings.
BUSINESS
Aug 25, 2001

Mitsui exported dioxin-laced product that was banned in Japan

Mitsui Chemicals Inc. exported an agricultural chemical containing a toxic dioxin to the United States and Turkey for more than two years after it stopped domestic sales in March 1997, government officials said.
BUSINESS
Aug 25, 2001

Itochu, Marubeni units to merge

Itochu Corp. and Marubeni Corp. said Friday they will merge their trading subsidiaries dealing in steel construction materials on equal terms on Oct. 1, simultaneous to the integration of their steel businesses.
BUSINESS
Aug 23, 2001

Aetna Heiwa changes hands again

U.S. insurer Massachusetts Mutual Life Insurance Co. said Wednesday it has finished purchasing the shares of Aetna Heiwa Life Insurance Co., thus gaining a toehold in the Japanese life insurance market.
JAPAN
Aug 22, 2001

Publisher with rightwing ties draws probe

Police plan to provide information to the Tokyo Regional Taxation Bureau on a publishing house connected to the chairman of a rightwing group for not declaring more than 300 million yen in book sales to the Defense Agency, state-run universities and other clients, police sources said Tuesday.
BUSINESS
Aug 17, 2001

Honen, Ajinomoto plan integration

Honen Corp. and Ajinomoto Oil Mills Co., a wholly owned subsidiary of seasoning maker Ajinomoto Co., will integrate their operations April 1 to cope with a rise in edible food imports, the three companies said Thursday.
JAPAN
Aug 17, 2001

Strong yen slaps down Nikkei 225

Tokyo shares plunged Thursday as the strong yen dragged down the earnings prospects of major exporters in the manufacturing and high-tech sectors.
Japan Times
COMMUNITY
Aug 12, 2001

Going the distance and beyond

OSAKA -- When the late Abebe Bikila represented Ethiopia in the men's marathon at the 1960 Rome Olympics, he shrugged off shoes in favor of his own bare feet. He took the gold, but were he running today, he might not make the same choice.
BUSINESS
Aug 11, 2001

Mabuchi cuts earnings projections

Mabuchi Motor Co. said Friday it has revised downward its group earnings projections for the year to Dec. 31, citing valuation losses on equity holdings.
BUSINESS
Aug 11, 2001

McDonald's unit sees profits fall

Nearly two weeks after its initial public offering, fast-food chain operator McDonald's Co. (Japan) Ltd. announced Friday that it posted 12.61 billion yen in pretax profits for the first half of this year, down 9.6 percent from a year earlier.
BUSINESS
Aug 11, 2001

Brewers' shipments down in July

Combined shipments of beer and "happoshu," a low-malt, beer-like liquor, fell 17.4 percent to 667,646 kiloliters in July from a year earlier, according to data released Friday by the nation's five major brewers.
JAPAN
Aug 11, 2001

Tobacco lobby keeps lid on state health plans

Staff writerSusumu Motojima, head of Japan Tobacco Inc.'s Kyoto branch, recently said smoking is a "pastime or habit an adult has the right to choose."
BUSINESS
Aug 7, 2001

Coincident index adds evidence of contraction

The key gauge of the nation's economic health stayed below the boom-or-bust line of 50 percent in June for the sixth-straight month, providing more evidence of economic contraction, the government said Monday.
BUSINESS
Aug 6, 2001

Wine exporters focus on Asia

BORDEAUX, France -- Japan is firmly back on the agenda for many wine exporters despite its continued economic slump, and value for money at the lower end should improve further. However, futures prices already indicate the prestige 2000 Bordeaux vintages won't be cheap.

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