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May 24, 2025
 

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BUSINESS
Jun 5, 2002

Drastic changes proposed for telecom sector

An advisory panel charged with studying ways to promote information technology-related competition on Tuesday proposed drastically deregulating the nation's telecommunications sector.
EDITORIALS
May 30, 2002

The only way to clear debt burden

Stock prices for Japan's top banks have been rising lately despite the huge deficits they have suffered in the business year that ended March 31. Increases in loan losses are good news in the sense that they reflect progress in bad-debt write-offs. In the same year, the nation's seven banking groups...
BUSINESS / ON MANAGEMENT
May 28, 2002

Post-Enron dilemma: share value vs. honor

"Nobody goes down with the ship anymore," complained a pundit recently. "Whatever happened to the idea of personal integrity?" he opined.
BUSINESS
May 28, 2002

Kumagai Gumi reports first profit in nine years

Kumagai Gumi Co. on Monday said it posted a net profit of 2.55 billion yen for the 2001 business year, the first time in nine years that black ink flowed onto its books.
Japan Times
BUSINESS
May 27, 2002

Downtown Detroit gets face-lift

DETROIT -- Downtown Detroit is trying another tactic to revive its glory days.
JAPAN
May 25, 2002

USC program aims to foster Japan entrepreneurs

With the intention of encouraging entrepreneurial activity in Japan, the University of Southern California is recruiting candidates for a 15-member entrepreneurial development program scheduled to start in July, according to Rebecca Weintraub, visiting director of USC's Center for Corporate and Community...
BUSINESS
May 23, 2002

Tokyo Gas posted 80 billion yen profit in fiscal '01

Tokyo Gas Co. said Wednesday its group pretax profits rose 20.6 percent to 80.63 billion yen in the business year to March 31 on strong gas sales and cost-cutting efforts.
COMMENTARY / World
May 19, 2002

A foil to the 'Asian Miracle'

CAMBRIDGE, England -- The past few weeks have been sad ones for the supporters of the still young democratic process in South Korea. It has been alleged that a web of corruption surrounds the presidency of Kim Dae Jung, winner of the 2001 Nobel Peace Prize. While no one has, yet, suggested that the president...
BUSINESS
May 18, 2002

Fuji Heavy logs profit, record sales

Fuji Heavy Industries Ltd. announced Friday that its group profit increased for the first time in two years and that it logged record consolidated sales in the 2001 business year, due to cost cuts and the weakened yen.
Japan Times
BUSINESS
May 14, 2002

Toyota's record-setting profits top 1 trillion yen

Toyota Motor Corp. announced Monday that its consolidated pretax profits jumped 14.5 percent from last year to a record 1.113 trillion yen during the 2001 business year, becoming the first Japanese company ever to post pretax profits exceeding 1 trillion yen.
BUSINESS
May 14, 2002

MMC returns to black after two years of losses

Mitsubishi Motors Corp. on Monday reported a return to the black for the first time in three years, posting 11.3 billion yen in consolidated net profits in the 2001 business year.
BUSINESS / ON MANAGEMENT
May 13, 2002

Training for success -- crash and learn

Car wrecks always draw a crowd, as every driver knows, and that's true for the equivalent in business, too. Rubber-necking at someone else's trouble, many executives thank their stars that they're not caught in the pileup; most take the opportunity to remind themselves to be extra careful to stay out...
Japan Times
COMMUNITY / Our Lives / PERSONALITY PROFILE
May 11, 2002

Takanao Muramatsu

Bright and bouncy Harajuku in Tokyo has been good to a lot of people. Takanao Muramatsu published a book, "Harajuku Success Story," for which he interviewed more than a hundred people who succeeded in business in Harajuku. The trendy district has been good to Muramatsu too. He commemorated the name in...
BUSINESS
May 11, 2002

Panel urges drastic, extensive action to ensure Japan is competitive again

If Japan is to regain its competitiveness, the government must take drastic and extensive action to increase research and development and make the country a base for value-added industries, according to a report Friday by a government panel.
BUSINESS
May 9, 2002

DoCoMo profits vanish into writeoffs

After years of spectacular growth, NTT DoCoMo Inc. on Wednesday said group net profits in fiscal 2001 plunged 99.8 percent to 862 million yen due to losses on strategic foreign investments.
Japan Times
BUSINESS
May 8, 2002

Fast Retailing reshuffles management

Fast Retailing Co., operator of the struggling Uniqlo chain, announced Tuesday that Genichi Tamatsuka, a managing director, will take over the presidency in November and that Tadashi Yanai, the current president, will become chairman.
COMMENTARY / JAPAN IN THE GLOBAL ERA
May 6, 2002

Le Pen's philosophy is all too familiar

LAUSANNE, Switzerland -- The results in the first round of the French presidential elections on April 21 hit like a seismic shock. Veteran rightwing extremist Jean-Marie Le Pen took second place. There are many reasons why. Some are statistical: Sixteen candidates across the spectrum split the votes...
BUSINESS
May 4, 2002

Snow Brand Milk drafts austere rehab plan

Struggling dairy product maker Snow Brand Milk Products Co. has drafted a rehabilitation program that features a 90 percent reduction in capital and financial assistance from major creditor banks, sources close to the program said Friday.
Japan Times
COMMUNITY / Our Lives / PERSONALITY PROFILE
May 4, 2002

Marie and Kelly Gray

When the House of St. John USA brought out its fragrance White Camellia, St. John founder Marie Gray thought of it as a celebration of a relationship. The relationship, special and cherished, is between herself and her daughter Kelly. Marie said she could "think of no better way to celebrate something...
Japan Times
JAPAN
May 3, 2002

Vacated banks seeing new tenants

At an intersection in Tokyo's Nihonbashi financial district, a wholesale supermarket with a bright yellow sign and outdoor fruit bins draws the curious eyes of people passing by.
COMMENTARY
May 1, 2002

Economic sense clashes with security concerns

HONG KONG -- Taiwan is coming to grips with a paradox: China is both its best friend and its worst enemy. In recent weeks, the island has been debating what its priority should be -- to enhance its economy by taking advantage of what China has to offer, or to safeguard its political security by restricting...
EDITORIALS
Apr 30, 2002

Rough going awaits postal reforms

The Diet is set to debate legislation that incorporates Prime Minister Junichiro Koizumi's cherished plans to privatize the postal services (mail, savings and life insurance). At stake is a set of four reform bills. Two were introduced by the government last week. One will create an umbrella postal corporation;...
Japan Times
JAPAN
Apr 30, 2002

Bottom line for recent CPA grad, 71, is to keep at it with immortal energy

For Masahiko Tanabe, 71, the secret to staying young is to stay curious. Having worked in the technological and petrochemical fields for more than 45 years, Tanabe's fascination with accounting led him to acquire a degree as a U.S. certified public accountant at the age of 70.
BUSINESS
Apr 26, 2002

Sony sales figures defy 2001 slowdown

Sony Corp. defied the worldwide slowdown in fiscal 2001 by logging record consolidated sales, thanks to a sharp increase in sales of the PlayStation2 game console and a weakening of the yen, company officials said Thursday.
BUSINESS
Apr 25, 2002

J-Phone delays launch of 3G for second time

In a move that may cast fresh doubt over the next-generation mobile phone business, J-Phone Co. said Wednesday it will postpone its launch of third-generation cellular phone service again from June to December.
BUSINESS
Apr 23, 2002

FSA panel eyes new property rules

An advisory panel to the Financial Services Agency has unveiled a set of draft rules for accounting that would oblige businesses to book latent losses on fixed property holdings, starting in fiscal 2005.
COMMENTARY / World
Apr 18, 2002

Israeli offensive shakes Jordanian society

GAZA REFUGEE CAMP, Jordan -- Gloom hung over the house where Amin's adult daughter had died of an unknown disease. Rain was leaking through the tarpaulin that served as a roof in half of the two-room structure of mud brick and cinder blocks where 15 people live.
Toyota considers making tiny trucks for U.S. market as demand booms
Toyota executives say the automaker is listening to U.S. dealer requests for a truck smaller than the brand’s best-selling Tacoma midsize and Tundra full-size pickups.
Japan taxi driver suspected of raping 50 women, reports say
Police have arrested a former taxi driver on suspicion of drugging and raping a female passenger, with media reports saying there could be dozens more victims.
Japan considers toughening rules on driver's license conversions
Liberal Democratic Party policy chief Itsunori Onodera (fourth from left) visits a driver's license center in Shinagawa Ward, Tokyo, on Wednesday to see how foreign driver's licenses are converted into Japanese ones.
Trump’s wake-up call for India’s foreign policy
Indian Prime Minister Narendra Modi meets with U.S. President Donald Trump at the White House on Feb. 13. Trump’s coercive use of trade threats against India during the Pakistan military crisis has undermined trust in the U.S.-India partnership and exposed Washington as an unreliable security ally.
‘Rice minister’ Koizumi faces urgent task to bring prices down quickly
New farm minister Shinjiro Koizumi speaks during a news conference on Wednesday in Tokyo.
Ishiba doubles down on weapons cooperation, says no country can go it alone
Prime Minister Shigeru Ishiba walks past members of the Philippine Coast Guard at the coast guard's headquarters in Manila on April 30.
Nippon Ishin grapples with poor governance ahead of Upper House election
Nippon Ishin no Kai co-leader Seiji Maehara speaks to reporters in Tokyo on Friday.
Beware of dubious websites offering cheap rice, consumer watchdog warns
Questionable websites appear to be taking advantage of consumers looking for cheaper rice online amid the high prices of the staple grain in the nation.
Onosato’s march to yokozuna could usher in golden age for sumo
Onosato (left) battles Gonoyama on Day 6 of the Summer Basho. With Onosato on the cusp of promotion to yokozuna, there could soon be two titans at the top of the sport fighting for titles.
A window into the mind of Esperantist and political activist Teru Hasegawa
Teru Hasegawa, Esperanto name Verda Majo, wrote leftist political essays during WWII.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Alex K.T. Martin

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