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BUSINESS
Mar 14, 2000

Nissho Iwai and Nichimen to unite materials units

Nissho Iwai Corp. and Nichimen Corp. announced Monday that they have agreed to merge their building materials subsidiaries on July 1 in response to the sluggish domestic market.
EDITORIALS
Mar 12, 2000

Here comes the cashless society

The experts may be right that e-commerce and online shopping represent the unstoppable wave of the future. But with all the media attention being lavished on cybermarketing, perhaps not enough attention is being paid to other new ways in which determined merchants are trying to get reluctant consumers...
BUSINESS
Mar 11, 2000

Two chemical firms to settle antitrust suit

OSAKA -- Daicel Chemical Industries Ltd. and Nippon Synthetic Chemical Industry Co. said Friday they have agreed to pay $39.7 million to settle out of court a U.S. antitrust lawsuit over their sales of sorbic acid.
BUSINESS
Mar 10, 2000

IT sector leads way for huge gains in corporate pretax profits

A triple-digit surge in the pretax profits of personal computer makers and telecommunication companies more than offset a steep decline in other sectors as the combined figure jumped 41.8 percent in the October-December quarter.
BUSINESS
Mar 8, 2000

Recovery mood to yield brisk April activity

Much of the uptrend in share prices has run out of steam as corporate investors stepped up sales to take profits and unwind cross-shareholding ties.
JAPAN
Mar 7, 2000

Former defense official served with fresh bribery warrant

OSAKA -- A former Defense Facilities Administration Agency official under arrest for fraud was served a fresh warrant Monday on suspicion he accepted 2 million yen in bribes from an oil sales company to help the firm start business with the Defense Agency, prosecution officials said.
JAPAN
Mar 5, 2000

Taisho Life ordered to recapitalize

The Financial Supervisory Agency has ordered Taisho Life Insurance Co. to recapitalize and improve its management after an agency inspection found the small life insurer to be financially weak, industry sources said Saturday.
BUSINESS
Mar 2, 2000

Machinery orders presage smooth sailing

The latest batch of encouraging economic and corporate earnings reports could presage a more stable stock market in the near term.
JAPAN / Media
Mar 2, 2000

Never mind public health; insiders rule

It will be interesting to see how "The Insider" is promoted when it opens here in May. If it wins a bunch of Academy Awards, then the campaign will be easy, but if it doesn't then the PR people will have to be creative. Most Japanese ad campaigns for foreign films rely on stars, but Russell Crowe, who...
COMMENTARY
Feb 28, 2000

Venture, not adventure

New stock markets for venture businesses are emerging in Japan. Last November, the Tokyo Stock Exchange opened "Mothers" (an acronym for "market for high-growth and emerging stocks"). This June, the U.S. National Association of Securities Dealers, Japan's Softbank Corp. and the Osaka Securities Exchange...
BUSINESS
Feb 15, 2000

Supply and demand look up

Tokyo stocks have stayed firm since mid-January on successive establishment of investment trusts, which is expected to improve the supply-demand balance together with brokerages' stock purchases on their own accounts.
COMMENTARY / World
Feb 2, 2000

High-tech juggernaut is a dangerous ride

Apparently, sales of dog food by the U.S. shopping giant Wal-Mart were bigger than the worldwide sales chalked up by e-commerce last year. Even if that is true, the current media frenzy about e-commerce makes it hard to countenance. There is a danger that this current fashion for one particular technology...
BUSINESS
Feb 1, 2000

Today's full decontrols may put air fares in a dive

While the entry of new airlines two years ago accelerated industry competition in Japan, fares are likely to drop further as full deregulation is introduced today.
JAPAN
Jan 31, 2000

Deregulation likely to send air fares into nosedive

Staff writer While the entry of new airlines two years ago accelerated competition in the industry in Japan, fares are likely to drop further as full deregulation is introduced today. The revised Civil Aeronautics Law will eliminate regulations on domestic air fares. As a result, domestic airlines will...
JAPAN
Jan 14, 2000

Anti-Aum rightists get free, loud ride

Staff writer YOKOHAMA -- Military marching songs and yells blasting out of rightists' black loudspeaker trucks broke the holiday silence here Monday morning, which was Coming-of-Age Day. Since Fumihiro Joyu, former spokesman for Aum Shinrikyo, moved into the cult's Yokohama branch Dec. 29 after his...
JAPAN
Jan 10, 2000

Make 'Rebuilding Confidence' the government slogan for 2000

Last year a series of mishaps shook our faith in various things we have grown to trust over the years, from the H-II rocket failure and the crumbling tunnels of our shinkansen lines to the nuclearcriticality accident in Tokai, Ibaraki Prefecture.
COMMUNITY
Jan 6, 2000

Dynamic duo has the right vibe

Anthony Gill and Cristina Bornstein want to make your chakras vibrate.
JAPAN
Dec 30, 1999

Japanese consumers opting for riskier, more rewarding investments

Staff writer Are the Japanese changing the way they save money, turning to risky but potentially rewarding financial investments? The rising popularity of investment trusts may provide a clue. Net assets of investment trusts, or mutual funds, amounted to 53.3 trillion yen at the end of November, up...
COMMUNITY
Dec 30, 1999

Cashing in on the new millennium fever

At the turn of the millennium, marketer Kenneth Walker will be seeing lots of zeros. Not only will he be seeing the numbers 01-01-00 everywhere, he'll be seeing lots of zeros coming behind dollar signs.
JAPAN
Dec 16, 1999

DDI, KDD and IDO merge against NTT

DDI Corp., KDD Corp. and IDO Corp. have agreed to form a three-way merger in October in an effort to create a comprehensive telecom carrier that can compete with the dominant NTT group, top officials of the three carriers announced Thursday. The merger will combine the corporate resources of the three...
JAPAN
Dec 15, 1999

Fields takes helm of Mazda

Mazda Motor Corp. announced Wednesday that President James E. Miller has been replaced by his 38-year-old deputy, Mark Fields. Fields, who became vice president only two weeks ago, has stepped up to the top post as the youngest to do so in the firm's history. Miller, 58, resigned from the presidency...
JAPAN
Dec 10, 1999

GM to acquire 20% stake in Fuji Heavy

In another move to enhance its Asian presence, General Motors Corp. of the United States will invest 140 billion yen to obtain a 20 percent stake in Fuji Heavy Industries Ltd. as part of a strategic alliance, top officials of the two automakers announced Friday. Fuji Heavy will become the third Japanese...
JAPAN
Dec 7, 1999

IBM, Tivoli join NTT Com. for e-business alliance

NTT Communications Corp. (NTT Com.), IBM Japan Ltd. and Tivoli Systems Inc. announced Tuesday that they have agreed to form a business alliance to promote NTT Com.'s e-business outsourcing services. Clients ranging from large companies to home-based businesses will be offered consultation and design...
JAPAN
Nov 23, 1999

Foreign carmakers wedge feet in door at Toyohashi

Staff writer
JAPAN
Nov 22, 1999

Matsushita, Daikin plan AC alliance

OSAKA -- Matsushita Electric Industrial Co. and Daikin Industries, Ltd. announced plans Monday to collaborate in the air conditioning business that will include establishing a joint venture company in April.
JAPAN
Nov 22, 1999

Profits up at JR East, JR Tokai

Two Japan Railway group companies on Monday reported a rise in their unconsolidated pretax profits during the first half of fiscal 1999, despite declines in total revenues.
JAPAN
Nov 20, 1999

JR West up 0.4% for first half

West Japan Railway Co. reported an unconsolidated pretax profit of 24.1 billion yen for the first half of fiscal 1999, up 0.4 percent from the same period last year, company officials said Friday.
JAPAN
Nov 20, 1999

Eight top banks claim profits

Eight of the nation's 17 major banks released their fiscal 1999 midterm earnings reports Friday in which all posted both pretax and after-tax profits at the end of September.
JAPAN
Nov 10, 1999

KDD, SingTel form strategic tieup

KDD Corp. and Singapore Telecom reached an agreement to form a strategic partnership that includes a joint venture for corporate data communications services and the cross-holding of shares, top officials of the two major telecom carriers in Asia announced on Wednesday.
JAPAN
Nov 5, 1999

Incense maker going strong 12 generations into business

Staff writer

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