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JAPAN
Apr 23, 2001

FTC asked to probe NTT marketing tactics

A Japan-based affiliate of British telecommunications giant Cable & Wireless PLC has asked the Fair Trade Commission to probe sales practices by Japan's dominant Nippon Telegraph and Telephone group over the Myline service for registering preferred carriers.
BUSINESS
Apr 20, 2001

LDP panel agrees on tax breaks for investors

The tax panel of the ruling Liberal Democratic Party agreed Thursday on its draft tax revision proposals in response to the government's emergency economic package compiled April 6.
JAPAN
Apr 16, 2001

USJ attacked over disclosure stance

OSAKA -- Only a month into its grand opening, the management of Universal Studios Japan is under fire from citizens groups and the local media for refusing to divulge information about the park's operations.
COMMUNITY
Apr 15, 2001

A yen for thrift

There was a time when Japan prided itself on its thriftiness. Hard times after World War II produced the need to save money and cut every corner. Children were taught that each grain of rice was sacred and not to be wasted. Sardines and mackerel were standard fare, beef reserved only for special occasions....
JAPAN
Apr 14, 2001

Steel giants NKK, Kawasaki to join

NKK Corp., Japan's second-largest steelmaker, and Kawasaki Steel Corp., No. 3 in the field, announced Friday that they have agreed to integrate their operations in October 2002 under a joint holding company.
COMMENTARY / World
Apr 11, 2001

The Bank of Japan's new policy is sound

On March 19, the Bank of Japan decided that it would focus more on money supply than on interest rates and that the new policy would be continued until it was confident that the consumer price index, which has been declining continuously for over two years, was rising.
BUSINESS
Apr 10, 2001

Economic package impact will be limited: Moody's

While Japan's emergency economic package announced Friday is a positive step, its immediate impact on bank credit ratings will be limited, Moody's Investors Service Inc. said Monday.
CULTURE / Books
Apr 7, 2001

A bibliophile's whodunit: Who is killing the book?

Who is killing the book in Japan? That is the provocative question posed by veteran nonfiction writer Shin'ichi Sano in his recent book of the same title ("Dare ga 'hon' o korosu no ka," President Sha, 1,800 yen).
BUSINESS
Apr 4, 2001

Microsoft wants Xbox to be center of gaming

The launch of Microsoft Corp.'s Xbox is designed to secure a foothold in the home video-game market for the company, an area seen as critical for long-term growth, according to a top executive of the game console project.
JAPAN
Apr 3, 2001

Corporate outlook falls across board

Corporate sentiment plunged through all sectors in the March "tankan" survey for the first time in 10 quarters, the Bank of Japan reported Monday.
BUSINESS
Mar 31, 2001

GlaxoSmithKline aims for top 10

GlaxoSmithKline K.K., formerly known as Glaxo Wellcome K.K., aims to be one of Japan's top 10 pharmaceutical makers by 2003 after its merger Sunday with SmithKline Beecham Seiyaku K.K., a company executive said Friday.
JAPAN
Mar 30, 2001

Court reverses ban on used software sale

OSAKA -- The Osaka High Court on Thursday overturned an October 1999 Osaka District Court order barring chain store Act Inc. in Okayama Prefecture from selling secondhand computer games, a decision that echoes a Tokyo High Court ruling rendered Tuesday.
BUSINESS
Mar 29, 2001

Arabian Oil pumps red ink for third consecutive year

Arabian Oil Co. said Wednesday it marked its third consecutive year in the red for the business year that ended Dec. 31, citing damage from one-off losses.
BUSINESS
Mar 29, 2001

Tax reform bills enacted by Diet

The Diet on Wednesday enacted a set of tax revision bills for fiscal 2001 featuring extended tax breaks for home loans and withholding taxes on capital gains.
BUSINESS
Mar 29, 2001

MMC facing 350 billion yen net loss

Mitsubishi Motors Corp. said Wednesday it will post 350 billion yen in parent-only net loss for fiscal 2000, far higher than the 130 billion yen loss estimated earlier.
BUSINESS
Mar 28, 2001

Cable makers to form high-voltage venture

Hitachi Cable Ltd. and Sumitomo Electric Industries Ltd., Japan's No. 1 and No. 3 power cable makers, said Tuesday they will form a 50-50 venture on Oct. 1 to integrate their high-voltage power cable businesses.
JAPAN
Mar 28, 2001

Copyright ruling favoring game sellers is upheld

The Tokyo High Court on Tuesday upheld a lower court ruling that the selling of secondhand game software does not infringe on the copyright of game software manufacturers.
JAPAN
Mar 25, 2001

Tokyo sake breweries beset by winds of change

Tsuchiya Brewery in Tokyo's Komae is set to release Sakurako brand "jizake" (local sake), featuring the name of the future figurehead of the 128-year-old company.
EDITORIALS
Mar 21, 2001

Welcome return to zero-interest rates

In yet another move to roll back deflationary pressures, the Bank of Japan on Monday decided to increase the money supply and bring the key overnight money-market rate back to zero. The decision, which follows a round of marginal interest-rate cuts in February, indicates that the central bank is pulling...
COMMENTARY / World
Mar 21, 2001

An Asian financial crisis, Chinese-style

CAMBRIDGE, England -- The Chinese government has announced that death sentences have been imposed on seven people for tax fraud, in this case fraudulent claims for value-added-tax refunds on export sales. More death sentences, followed quickly by executions, are expected during what Premier Zhu Rongji...
JAPAN / GREENING PAINS
Mar 20, 2001

New appliance recycling plan poses question of where the buck stops

With the Home Appliances Recycling Law coming into effect April 1, Japan is taking a significant step in changing its waste disposal policy from burying discarded appliances to recycling as much as possible.
JAPAN
Mar 17, 2001

State of deflation declared as assessment is downgraded

The government on Friday downgraded its overall economic evaluation for the second consecutive month, saying the nation's recovery appears to be stalling on weak production stemming from the U.S. economic slowdown.
BUSINESS
Mar 11, 2001

'Perverse' individualist embraces opportunity where others see gloom

Makoto Naruke describes himself as a "perverse man" who avoids following the crowd and does things that others dare not. Many people questioned his actions when he quit as Microsoft Co. president last April, but Naruke simply pointed out he became sick of the post after nearly nine years of service....
BUSINESS
Mar 8, 2001

Index shows expansion

The government said Wednesday its key gauge of the nation's economic activity topped the boom-or-bust line of 50 percent in January for the second consecutive month.
JAPAN
Mar 3, 2001

TSE plunges to lowest level in 151/2 years

The Tokyo Stock Exchange was again plagued by seemingly endless declines Friday as the key Nikkei index closed at its lowest level in 15 years and seven months.

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