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BUSINESS
Apr 24, 2003

Nissan reports record operating profit

Nissan Motor Co. announced Wednesday a record group operating profit of 737 billion yen for the year through March, up 50.7 percent from the previous year, thanks mainly to increased car sales at home and reduced purchasing costs.
Japan Times
BUSINESS
Apr 23, 2003

Smaller electronics stores use personal touch to keep retail giants at bay

Hiroshi Fujita was shocked two years ago to learn that a large electronics chain store would open across the street from his small shop in Tokyo's Meguro Ward.
BUSINESS
Apr 23, 2003

Seibu to dismiss 250 employees at four outlets due for closure

Seibu Department Stores Ltd. will dismiss about 250 full-time employees at four outlets to be closed later this year in line with the firm's restructuring drive, company sources said Tuesday.
BUSINESS
Apr 22, 2003

Job-creation policy sought by ministry

Economy minister Takeo Hiranuma asked the leaders of two major business lobbies Monday to propose ways to boost employment, particularly for young people.
BUSINESS
Apr 19, 2003

Fast Retailing sees profit decline 44.8%

Fast Retailing Co. said Friday it chalked up a consolidated net profit of 11.89 billion yen in the first half of its current business year, down 44.8 percent from a year earlier.
Japan Times
BUSINESS
Apr 18, 2003

Cerberus eyes Aozora for keeps

The Cerberus Group may hold on to a controlling stake in Aozora Bank for keeps in an effort to cement its position in Japan, according to James Danforth Quayle, an adviser for the U.S. investment fund and a member of Aozora Bank's board of directors.
Japan Times
BUSINESS / INDUSTRY TRENDS
Apr 17, 2003

Big screens on grand scale win back new generation of film fans

The magic of Harry Potter and "The Lord of the Rings" may not be the only reason that people are returning to movie theaters.
COMMENTARY
Apr 14, 2003

China stumbles on SARS and Pyongyang

LOS ANGELES -- Mistake-making is a common occupation of governments everywhere, but lately the Chinese government has made two monster blunders that uncomfortably reopen the question of whether China has made all that much progress after all. The issues concern North Korea and severe acute respiratory...
Japan Times
COMMUNITY
Apr 13, 2003

Black where they belong

Rewind to September 1986. Yasuhiro Nakasone, prime minister of a self-assured, economically powerful Japan, was taking swipes at American minorities -- especially African-Americans.
Japan Times
BUSINESS
Apr 11, 2003

Restructuring costs slam Ito-Yokado

Ito-Yokado Co. posted a group net profit of 21.02 billion yen for its business year through Feb. 28, a plunge of 59.8 percent from a year earlier, Japan's largest retailer said Thursday.
EDITORIALS
Apr 2, 2003

A timely resignation

It's deja vu all over again. Yet another lawmaker has fallen into disgrace over money scandals. On Monday Mr. Tadamori Oshima, the minister of agriculture, fisheries and forestry, resigned his post in order to take responsibility for the alleged graft and misuse of campaign funds by his former secretaries....
Japan Times
COMMUNITY
Mar 30, 2003

A new 'cutting-edge town' for the world

A sprawling redevelopment complex sporting luxury apartments, movie theaters, art galleries and a museum will soon give Tokyo's seedy Roppongi entertainment district a cleaner, more cultured appearance that the developer hopes will turn it into an "ultimate destination" for travelers worldwide.
BUSINESS
Mar 27, 2003

Raising access fees would hurt NTT as well as rivals: telecom expert

A fierce battle is raging within the telecom sector over whether the access fees charged by NTT firms for use of their telephone infrastructure should be raised.
Japan Times
LIFE / Lifestyle / JET STREAM
Mar 27, 2003

Hitachi's friendly face

A 19th-century merry-go-round has been restored recently in the city of Orleans, 130 km south of Paris, thanks to the efforts of former JET Clarisse Carl. It is something her two children, ages 8 and 5, are proud of. But for Carl, an assistant to the president of Hitachi Europe, it is just one of her...
BUSINESS
Mar 26, 2003

Kinki Nippon Railway facing huge extraordinary loss

Kinki Nippon Railway Co. said Tuesday it will book an extraordinary loss of 106 billion yen for the 2002 business year, primarily due to appraisal losses suffered on resort facilities and a downsizing program.
BUSINESS / ON MANAGEMENT
Mar 25, 2003

The Rules of Clout: the whens and hows of granting favors safely

The story has passed its first blush now, and has faded in public memory into just another head-shaker about the apparently out-of-control lifestyles of CEOs. But the saga of how a star stock analyst, Jack Grubman, allegedly upgraded a stock as a favor for Sandy Weill of Citigroup, who in turn pressured...
EDITORIALS
Mar 24, 2003

ICC takes another step forward

The world's first permanent international court of criminal justice opened for business earlier this month when the first 18 judges were sworn in. While the establishment of the International Criminal Court, or ICC, is a milestone, attention on March 11 was focused as much on the parties who were absent...
BUSINESS
Mar 12, 2003

Bills on support for subcontractors to go to Diet

The government on Tuesday approved two bills that would strengthen support for ailing subcontractors.
Japan Times
COMMUNITY
Mar 9, 2003

Kissaten culture still on the boil

At 3 p.m. precisely, a staffer in meikyoku kissa Lion in Shibuya quietly announces the start of today's "concert." Silence descends as she places a record on the player. A gray-haired customer puffs on a cigarette at his corner table.
BUSINESS
Mar 7, 2003

Hazama asks Ando for directors and funds

Struggling construction firm Hazama Corp. said Thursday it is asking fellow midsize builder Ando Corp. to take a stake in it and dispatch directors under its new three-year business plan.
JAPAN
Mar 5, 2003

Ezoe: portrait of a fall from grace

Just prior to his arrest in 1989 and amid mounting public criticism of his alleged bribe-paying, Recruit Co. founder Hiromasa Ezoe thought he'd "rather die" than be detained, according to sources close to him.
COMMENTARY
Mar 3, 2003

Rules of a premodern Japan

The Liberal Democratic Party has ruled Japan since 1955 -- except for a period of less than a year from August 1993. The name LDP may suggest modern Western ideologies of liberty and democracy, but it is doubtful that the party has been the guardian of these principles.
BUSINESS
Feb 28, 2003

Group urges sales tax hike, public works cuts

The government should hike the sales tax and cut public spending over the next eight years in an attempt to balance the national budget, an influential business organization said Thursday.
BUSINESS
Feb 26, 2003

Sony's Nobuyuki Idei and six others offered Keidanren roles

Seven business leaders, including Sony Corp. Chairman Nobuyuki Idei, 65, and Nippon Telegraph and Telephone Corp. President Norio Wada, 62, have been asked to become vice chairmen of the Japan Business Federation (Nippon Keidanren), sources at the group said Tuesday.
BUSINESS / JAPANESE PERSPECTIVES
Feb 24, 2003

Like real reforms, banking crisis this spring unlikely to materialize

Each spring in recent years, people have started talking about a financial crisis in Japan as the month of March draws near. In about five weeks, most Japanese firms will be closing their books for fiscal 2002, and I would like to discuss this year's situation from several perspectives.
COMMENTARY
Feb 24, 2003

Reform of the fourth estate

I was stunned by recent media reports that Takuhiko Tsuruta, president of the Nihon Keizai Shimbun newspaper, had become a whistle-blowing target. At a company shareholders meeting, a proposal demanding Tsuruta's dismissal from the board was presented by an editor and shareholder of the newspaper. Tsuruta...
Japan Times
JAPAN / PREFECTURAL FARE
Feb 22, 2003

Kochi's Tokyo outpost cashing in via discerning clientele; eyes expansion

In the three years since Kai Ishiguro took the helm of the satellite shop Kochi-ya in Kichijoji, western Tokyo, the 29-year-old representative has managed to turn its sluggish business around.
BUSINESS
Feb 20, 2003

Downbeat view of economy retained

The government on Wednesday maintained its lackluster view of the economy, restating that it has weakened but refraining from indicating whether this signals an end to recovery signs that have been observed in some areas.

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