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BUSINESS
Nov 14, 2002

MHI net balance returns to black

Mitsubishi Heavy Industries Ltd. said Wednesday its group net balance in the first half to Sept. 30 returned to the black, thanks mainly to a sizable decrease in latent losses on securities holdings.
BUSINESS
Nov 14, 2002

Mitsubishi, Mitsui log profit growth

The nation's top two trading houses reported increased group net profit for the first half to Sept. 30, thanks to solid performances in the metal and food businesses, company officials said Wednesday.
BUSINESS
Nov 8, 2002

Towa requests second bailout from banks of 230 billion yen

Towa Real Estate Development Co. said Thursday it is seeking a 230 billion yen bailout package from UFJ and other creditor banks under a new five-year restructuring program.
BUSINESS
Nov 1, 2002

Sumitomo posts 5.4% rise in profit

Trading house Sumitomo Corp. said Thursday its group net profit in the first half to Sept. 30 grew 5.4 percent to 21.41 billion yen, despite sales sinking 5.5 percent to 4.57 trillion yen.
Japan Times
COMMUNITY
Oct 27, 2002

Trucks' pulling power to haul in visitors

The 36th Tokyo Motor Show, which gets into gear at Chiba's Makuhari Messe complex this week, will be showcasing some 105 commercial-vehicle companies from seven countries including, for the first time, South Korea.
SOCCER / World cup
Oct 24, 2002

Toyota Cup tickets on sale Oct. 27

Ticket for the Toyota Cup match on Dec. 3 between European champion Real Madrid of Spain and South American champion Olimpia of Paraguay will begin at 10 a.m. on Oct. 27 at major ticket outlets, organizers announced Wednesday in Tokyo.
CULTURE / Music / J-POPSICLE
Oct 2, 2002

Glay strikes the right chord with Chinese leader Zemin

No word on whether Chinese President Jiang Zemin will embark on a new career as a rock star after the members of Japanese pop-rock band Glay presented him with an electric guitar at his official residence in Beijing on Sept. 10.
Japan Times
CULTURE / Music
Sep 29, 2002

Ken Hirai: Soul to soul

We've seen Ken Hirai do it time and time again: mesmerize audiences with his silky tenor voice and those sexily svelte good looks -- kneading the air up on stage as if to squeeze from it any drop of passion that his music has somehow failed to discharge.
BUSINESS
Sep 27, 2002

Honda may file appeal on ruling on scooter patent

Honda Motor Co. may file an appeal against a Chinese court ruling Wednesday that rejected Honda's request that Beijing's patent office reinstate a patent on a motor scooter design, Honda officials said Thursday.
BUSINESS
Sep 26, 2002

Lone maker may emerge from latest chip talks

Mitsubishi Electric Corp. has launched talks to sell its dynamic random access memory chip operations to NEC Corp. and Hitachi Ltd., Mitsubishi officials said Wednesday.
Japan Times
JAPAN / CLOSE NEIGHBORS
Sep 26, 2002

Ailing tourism sector seeking to lure more Asians

ATAMI, Shizuoka Pref. -- Ryuichiro Mori, sales manager at Hotel New Akao, sees one emerging ray of hope for this hot-spring city mired in a long-term slump: a group tourism boom in Taiwan, South Korea and China.
JAPAN
Sep 26, 2002

Publisher to be fined over tax dodge

Shiki Publishing Inc. failed to declare about 290 million yen in income over a three-year period to April 2001 and dodged some 90 million yen in corporate taxes, sources said Wednesday.
EDITORIALS
Sep 21, 2002

An inventor's rights to rewards

An invention is the product of inspiration, endeavor and innovation on the part of one or more researchers. Breakthrough inventions may enrich human life and enliven economic activity. One such example in Japan is a semiconductor diode that transmits blue light when electricity is passed through it....
JAPAN / ENERGY EQUATION
Sep 20, 2002

Energy goals, needs, realities not in sync

OSAKA -- It was another sweltering summer day in Den Den Town here, with the temperature expected to climb above 30 and humidity at nearly 80 percent.
BUSINESS
Sep 19, 2002

Nissan to forge alliance with China's Dong Feng

Nissan Motor Co. will soon forge a business alliance with Chinese auto giant Dong Feng Automobile Co. to produce cars in China beginning next year, sources said Wednesday.
JAPAN / Media / MEDIA MIX
Sep 15, 2002

'Socialism' goes shopping at Vuitton free-for-all

As an economic power, Japan is the ideal that the rest of Asia aspires to, but it isn't merely Japan's vast material wealth that everybody envies. There's a social aspect to Japan's success that many see as even more desirable.
BUSINESS
Sep 14, 2002

Bankruptcies down 3.1% in August

The number of corporate bankruptcies fell 3.1 percent in August from a year earlier to 1,562, down for the first time in two months, Teikoku Databank Ltd. said Friday.
BUSINESS
Sep 13, 2002

Supply of new Tokyo condos jumps 42.1%

The number of new condominiums put on sale in the Tokyo metropolitan area in August jumped 42.1 percent over the previous year to 4,715, a record high for the month, the Real Estate Economic Institute said Thursday.
BUSINESS
Sep 12, 2002

Hitachi revises down first-half earnings forecast

Hitachi Ltd. on Wednesday revised downward its earnings forecast for the first half of fiscal 2002, blaming thinning profitability of industrial orders and the yen's appreciation.
BUSINESS
Sep 12, 2002

Kawasaki Steel to spin off bridge unit

Kawasaki Steel Corp. said Wednesday it will spin off its bridge and steel construction division into a separate company in April.
Japan Times
JAPAN
Sep 11, 2002

G.O. chief arrested over fraud

Police on Tuesday arrested the 39-year-old head of G.O. group, a Tokyo-based group of investment firms, on suspicion of defrauding individuals out of more than 100 million yen through bogus investment scams.
CULTURE / Books
Sep 8, 2002

Is life but a walk in the park?

The latest winner of the prestigious Akutagawa Prize for promising new writers of literary fiction, Shu'ichi Yoshida (born 1968), is being lauded for his light touch in portraying the loneliness and isolation of urban life today. At the Akutagawa Prize press conference, Yoshida said that he wanted to...
JAPAN
Sep 7, 2002

Kirin, Sapporo settle label dispute

Kirin Brewery Co. and Sapporo Breweries Ltd. have reached an out-of-court settlement to end their six-month dispute over the label design on one of Sapporo's beer products, company officials said Friday.
BUSINESS
Sep 5, 2002

Avex trims earnings projections

Major record company Avex Inc. said Wednesday it has revised down earnings projections for the year to March 31, 2003, due to slack demand for music software, forcing it to slash its dividend.
BUSINESS
Sep 4, 2002

Tax Commission looks to cut exemptions

The government's Tax Commission on Tuesday proposed abolishing in fiscal 2003 certain tax exemptions granted to salaried employees with a working spouse.
JAPAN
Sep 2, 2002

G.O. group likely to face charges

Tokyo police are expected to establish a mass fraud case against the head of a Tokyo-based investment group for allegedly swindling money from tens of thousands of people, according to police sources.
Japan Times
BUSINESS
Aug 29, 2002

Shangri-La banks on China's future

The growth potential of China's markets is well known, but if there is any concern, it's that growth may come too fast, according to Al Wymann, Shangri-La Hotels and Resorts group director of operations in China.

Longform

Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?