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JAPAN
Nov 28, 2001

Nonlife insurers feel the pain

Profits at Japan's 11 major nonlife insurance companies plunged sharply in the fiscal first half to Sept. 30, due to falling share prices and large reserves set aside for claims related to the Sept. 11 terror attacks in the United States.
BUSINESS
Nov 27, 2001

Major banks brace for loan writeoffs

All but two of the nation's 14 major banks fell into the red during the first six months of this business year, together setting aside a hefty 2.7 trillion yen in loan-loss reserves to cushion the potential impact from nonperforming loans.
BUSINESS
Nov 27, 2001

Major banks brace for loan writeoffs

All but two of the nation's 14 major banks fell into the red during the first six months of this business year, together setting aside a hefty 2.7 trillion yen in loan-loss reserves to cushion the potential impact from nonperforming loans.
BUSINESS
Nov 22, 2001

Koizumi, partners agree on 2.5 trillion yen in extra spending

Prime Minister Junichiro Koizumi and his two coalition partners agreed Wednesday to compile a 2.5 trillion yen second extra budget for this fiscal year to prop up the ailing economy, lawmakers of the coalition parties said.
Japan Times
BUSINESS
Nov 22, 2001

Banker sees smooth euro cash start, no 'black fund'

FRANKFURT -- Japanese investors should have full confidence in the stability and strength of the euro as the currency is launched in its physical form at the start of next year, according to the European central banker coordinating the project.
BUSINESS
Nov 22, 2001

Japan Telecom posts losses

Plagued by declining performance in its fixed-line business, Japan Telecom Co. said Wednesday it suffered net losses of 5.19 billion yen in the first half of fiscal 2001.
BUSINESS / ON THE FRONT LINE
Nov 22, 2001

Market fluctuations reflect investor jitters

With signs of an economic recovery nowhere in sight, the Tokyo stock market has been a roller coaster ride in recent weeks.
SPORTS / SPORTS SCOPE
Nov 22, 2001

Dark clouds looming in the Sky

I wish Southampton would buy a Japanese player. Sky-Perfect TV would get all excited, send over an army of media and TV crews and, "presto," I would be watching Southampton games every weekend. Christmas would have come early for a frustrated Saints fan who hardly ever gets to see his team play, apart...
BUSINESS
Nov 22, 2001

Snow Brand's first-half losses hit 13.7 billion yen

Snow Brand Milk Products Co. on Wednesday posted consolidated net losses of 13.66 billion yen for the first half of fiscal 2001, narrowing the gap from 30.66 billion yen logged in the same period the previous year.
BUSINESS
Nov 20, 2001

Daikin, Trane to enter wide-ranging alliance

OSAKA -- Japan's No. 1 air conditioner maker, Daikin Industries Ltd., is in final talks with Trane Co., the No. 2 U.S. air conditioner manufacturer, on a wide-ranging alliance, a Daikin official said Monday.
BUSINESS
Nov 20, 2001

Daikin, Trane to enter wide-ranging alliance

OSAKA -- Japan's No. 1 air conditioner maker, Daikin Industries Ltd., is in final talks with Trane Co., the No. 2 U.S. air conditioner manufacturer, on a wide-ranging alliance, a Daikin official said Monday.
BUSINESS
Nov 16, 2001

Mitsubishi Heavy cuts interim losses

Mitsubishi Heavy Industries Ltd. said Thursday that aggressive cost-cutting measures sharply reduced group net losses in the first half of fiscal 2001.
BUSINESS
Nov 16, 2001

Mitsubishi Heavy cuts interim losses

Mitsubishi Heavy Industries Ltd. said Thursday that aggressive cost-cutting measures sharply reduced group net losses in the first half of fiscal 2001.
BUSINESS
Nov 15, 2001

MMC logs first-half loss, optimistic for end of year

Mitsubishi Motors Corp. said Wednesday it suffered 31.49 billion yen in consolidated net losses in the first half of the business year, but predicted it will break even for the full year through March 31.
BUSINESS
Nov 15, 2001

Hankyu Stores profits soar 1,042%

Hankyu Department Stores Inc. said Wednesday its consolidated net profit in the first half to Sept. 30 rose 1,042.2 percent to 1.59 billion yen due to large-scale cost cutting.
BUSINESS
Nov 13, 2001

Asahi Bank to unload 200 billion yen in bad loans

Asahi Bank announced plans Monday to cut roughly 200 billion yen in bad loans in two years through a tieup with U.S. investment bank Goldman Sachs Group Inc., allaying market fears about Asahi's financial strength.
BUSINESS
Nov 9, 2001

Marubeni's '01 outlook sours

In a dramatic reversal of fortune, Marubeni Corp. expects to post consolidated net losses of 105 billion yen for the 2001 business year after earlier projecting a 15 billion yen profit, company officials said Thursday.
BUSINESS
Nov 8, 2001

DoCoMo's interim group net profit dives

Suffering from huge appraisal losses on an overseas investment, cellular operator NTT DoCoMo Inc. said Wednesday its group net profit in the first half of fiscal 2001 plunged to 103.8 billion yen, down 52.2 percent from a year earlier.
BUSINESS
Nov 8, 2001

DoCoMo's interim group net profit dives

Suffering from huge appraisal losses on an overseas investment, cellular operator NTT DoCoMo Inc. said Wednesday its group net profit in the first half of fiscal 2001 plunged to 103.8 billion yen, down 52.2 percent from a year earlier.
BUSINESS
Nov 3, 2001

LDP wants to set target for inflation

An amendment to the Bank of Japan Law endorsed Friday by a Liberal Democratic Party working group includes a provision to set an inflation target, according to LDP officials.
BUSINESS
Nov 3, 2001

LDP wants to set target for inflation

An amendment to the Bank of Japan Law endorsed Friday by a Liberal Democratic Party working group includes a provision to set an inflation target, according to LDP officials.
JAPAN
Oct 31, 2001

Public skeptical about safety of Japanese beef

More than 56 percent of the public do not believe the government declaration made earlier this month that domestic beef is safe from mad cow disease, according to a Kyodo News survey released Tuesday.
BUSINESS
Oct 27, 2001

Foreigners become net sellers again

Foreign investors sold more Japanese stocks than they bought on the Tokyo, Osaka and Nagoya stock exchanges in the third week of October, the Tokyo Stock Exchange said Thursday.
BUSINESS
Oct 26, 2001

NTT dials in reform program

Nippon Telegraph and Telephone Corp. unveiled on Thursday a reform program to cope with recent changes in the telecommunications industry and revised downward its sales projection from 12.1 trillion yen to 11.94 trillion yen for this business year.
BUSINESS
Oct 25, 2001

Asia holds key to GM's outlook, chairman says

The boss of American auto giant General Motors Corp. believes the Asia-Pacific market will dictate the carmaker's global sales outlook.
BUSINESS
Oct 23, 2001

Hoya posts group profit for first half

Hoya Corp., the nation's largest producer of optical glass and eyeglasses, announced Monday group net profits of 13.66 billion yen for the first half of fiscal 2001, down 0.2 percent from a year earlier.
BUSINESS
Oct 23, 2001

Kao profits fell in first half of '01

Kao Corp. said Monday its year-on-year net profit fell 0.8 percent on a group basis to 31.4 billion yen in the April-September first half of fiscal 2001.
BUSINESS
Oct 19, 2001

Fujitsu, IBM negotiating tieups

Compiled from wire reports Fujitsu Ltd. and IBM Corp. are negotiating a tieup involving the joint development and use of software and technical cooperation for computer servers, Fujitsu said Thursday.
BUSINESS
Oct 19, 2001

Nissan posts record half-year results

Nissan Motor Co. said Thursday it will post a record consolidated operating profit of 187 billion yen for the first half of fiscal 2001, due to continued progress in its ongoing three-year restructuring plan.
BUSINESS
Oct 19, 2001

Bosch units set to merge on July 1

Bosch Automotive Systems Corp. and Bosch Braking Systems Co. -- both Japanese affiliates of German auto parts maker Robert Bosch GmbH -- on Thursday signed an agreement to merge July 1.

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