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BUSINESS
Feb 2, 2001

S&P expects more defaults, lower bank ratings

The number of defaults in Japan, already at a record high, is bound to increase in 2001, while downgrades of credit ratings are likely to continue outnumbering upgrades, Standard & Poor's Corp. said Thursday.
BUSINESS
Feb 1, 2001

Sega Corp. shuts down Dreamcast production

Video game giant Sega Corp. officially announced Wednesday it will halt production of its loss-making Dreamcast game console by the end of March and shift to game software.
BUSINESS
Feb 1, 2001

Seminar promotes Chugoku to investors

Given that it is closer to South Korea than Tokyo, the Chugoku region is the area to lead Japan's globalization drive in the 21st century, according to officials of the Economy, Trade and Industry Ministry at a business incentive seminar in Tokyo on Wednesday.
BUSINESS
Jan 31, 2001

Matsushita Electric unit announces share buyback

OSAKA -- Matsushita Electric Works Ltd. announced Tuesday that it will buy back 50 million of its shares for cancellation over the next three years.
COMMUNITY
Jan 28, 2001

Float, crab, shrimp and base

There was something profoundly shocking about sitting on the sidelines to watch a hefty adult male throw himself between the legs of a teenage girl and then try forcibly to get into her underwear. How could this be right? Self-defense techniques for women are to be applauded, but this was too close to...
JAPAN
Jan 28, 2001

Tokyo residents facing grave backyard problem

The view from the living room of Hisako Watanabe's home in central Tokyo is not exactly one to die for.
COMMENTARY / World
Jan 26, 2001

It's up to Japan to act on trade ties

The new administration of George W. Bush has placed low priority on trade policy toward Japan, making it crucial that Tokyo take the initiative in developing closer trans-Pacific economic ties rather than waiting for overtures from Washington, a U.S. think tank member told a symposium held just before...
BUSINESS
Jan 20, 2001

Panel told to lift stock-buyback ban

Two business lobbies on Friday asked a Liberal Democratic Party panel to remove a legal curb on companies buying back and holding in reserve their own shares.
BUSINESS
Jan 17, 2001

Panel to consider further reform of city gas market

An advisory panel will be established later this month to examine further deregulation of the city gas market, Economy, Trade and Industry Minister Takeo Hiranuma said Tuesday.
BUSINESS
Jan 13, 2001

NEC realigns American operations

Electronics maker NEC Corp. said Friday it has realigned its personal computer and server business based in the Californian city of Sacramento as of Jan. 1 to enhance its North America operations.
JAPAN
Jan 12, 2001

Substitute driver services targeted for regulation

Traffic authorities plan to draw up a new law that will require insurance and licenses for the currently unregulated business of driving intoxicated clients' cars home after social functions, government officials announced Thursday.
BUSINESS
Jan 8, 2001

Microsoft shows off the Xbox

LAS VEGAS, Nev. -- Attendees at the 2001 Consumer Electronics Show on Saturday were given the first public viewing of Xbox, the new 128-bit video game console being developed by computer software giant Microsoft.
COMMENTARY
Jan 8, 2001

A simple test for leaders

Matsushita Electric Industrial Co. last month announced a decision to abolish its long-standing system by which individual product divisions handled the integrated development, production and marketing operations for their products. The system, praised as the secret of the consumer electronics giant's...
JAPAN
Jan 6, 2001

Yen hits 17-month low on fears that economy is losing steam

The yen has come under fresh downward pressure on world currency markets amid lingering worries about the flagging Japanese economy.
BUSINESS
Jan 5, 2001

Osaka pins revitalization on 90% corporate tax cut

The Osaka Prefectural Government said Thursday that it will slash as much as 90 percent off the corporate business tax it levies on new companies headquartered in the prefecture in a bid to attract more firms.
BUSINESS
Jan 4, 2001

Redevelopment hits Tokyo's heart

For the moment, it remains an enormous no man's land in the heart of Tokyo, with the only signs of life the numerous cranes, prefab huts and foundations that indicate construction projects are under way.
BUSINESS
Jan 3, 2001

Let Aibo tell you about brand image

Ku-Ku the kitten was top cat in the battle of the robo-pets in 2000, but guess which bionic beast got to snuggle up to Janet Jackson?
COMMENTARY / World
Jan 1, 2001

Progress alone won't be enough

IT, shorthand for information technology, was a buzzword in Japan in 2000. Never before had computers and the Internet caused such a furor in the media. To be sure, IT had created a boom several times in the past, but its impact had been confined to the corporate sector. In contrast, the latest boom...
COMMUNITY / Our Lives / JAPAN LITE
Dec 31, 2000

Slithering on through the year of the snake

It's almost 2001, the year of the snake. I've done a little research using the Chinese "koyomi" calendar for the 13th year of Heisei, the year of the snake, in order to let you know what kind of year you're about to have.
BUSINESS
Dec 27, 2000

Mitsui Sumitomo plans to repay public funds

Sumitomo Bank and Sakura Bank on Tuesday said the merged entity they will form in April, Mitsui Sumitomo Banking Corp., aims to repay by the end of fiscal 2007 all the 1.501 trillion yen in public funds they have received.
BUSINESS
Dec 27, 2000

Nippon Steel moves to improve efficiency in realty

Nippon Steel Corp. on Tuesday said it will spin off its urban development division in April 2002 and merge it with its wholly owned real estate subsidiary to improve the group's efficiency in the realty business.
JAPAN
Dec 26, 2000

Breeder raided over monkey sales

Officials in Gifu and Kumamoto prefectures suspect that Japanese monkeys are being bred and sold to researchers by firms that lack proper authorization.
JAPAN
Dec 23, 2000

Education Law in need of drastic review: report

The 53-year-old Fundamental Law of Education should be reviewed to determine if it meets current needs and lends itself to the formation of an educational system appropriate for the 21st century, an advisory panel to Prime Minister Yoshiro Mori said in its final report released Friday.
BUSINESS
Dec 23, 2000

S&P lowers outlooks on five life insurers

Standard & Poor's said Friday it has revised downward the outlooks in its counter-party credit ratings on five Japanese life insurance companies following the recent release of business results for the April-September first half of fiscal 2000.
BUSINESS
Dec 21, 2000

Keidanren-Nikkeiren tieup scheduled for May 2002 start

The Federation of Economic Organizations (Keidanren) and the Japan Federation of Employers Associations (Nikkeiren) have agreed on the name of the new body that will be formed when they merge in 2002, business sources said Tuesday.
BUSINESS
Dec 20, 2000

Hope gleaned from 'tankan' doom, gloom

The Bank of Japan's latest quarterly survey of business sentiment has shed light on two important aspects of economic fundamentals.
EDITORIALS
Dec 19, 2000

Structural reform is still key

The Japanese economy seems to have hardly improved in the past three months and appears likely to slightly worsen in the next three. This dim picture is painted by the Bank of Japan's latest "tankan" survey, which sums up how business managers view their companies' performances. The economic perception...
BUSINESS
Dec 19, 2000

Pace of economic recovery slowing: BOJ

The Bank of Japan on Monday downgraded its assessment of Japan's economic performance and noted that the recovery is slowing down.
BUSINESS
Dec 16, 2000

1.8% growth eyed in 2001 forecast

The government is putting the final touches on its economic growth projection for fiscal 2001, with the Economic Planning Agency eyeing a target of around 1.8 percent, which would mark a third straight year of growth, government sources said.

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