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JAPAN
Oct 8, 1998

LTCB merger now 'option' for Sumitomo Trust

Sumitomo Trust & Banking Co. President Atsushi Takahashi hinted Thursday the bank's planned merger with the troubled Long-Term Credit Bank of Japan was effectively dead, saying the LTCB is now "one of the options" among the bank's alliance strategies.Takahashi, however, said it is too early to make...
JAPAN
Oct 7, 1998

Public funds the best medicine, U.S. chamber says

Staff writerIf you cut your arm and blood was flowing like a river, the first thing you would have to do is stop the bleeding, the head of the world's largest business organization in the United States said.In the same manner, Japan must expeditiously inject public funds into its ailing banking sector...
JAPAN
Oct 1, 1998

Nissan to take 76 billion yen loss on shareholdings

Nissan Motor Co. announced Thursday that it will report 75.961 billion yen in unrealized losses on its stockholdings in its earnings results for the first half of fiscal 1998.Nissan, which has been hurt recently by poor business performance, has been aggressively trying to sell assets, including its...
JAPAN
Sep 22, 1998

Sumitomo Life buys into Taiheiyo

In an aggressive move to expand its financial services, Sumitomo Life Insurance Co. has purchased about 10 percent of outstanding shares in ailing Taiheiyo Securities Co. and its subsidiary Taiheiyo Investment Trust Management Co., the two companies announced Tuesday.
JAPAN
Sep 16, 1998

Emperor takes trip to the future

The Emperor visited the Time 24 Building on the Tokyo waterfront in Koto Ward on Wednesday to get a firsthand look at future business activities and shopping via computer. The building mainly houses government organizations promoting future high-tech businesses.
JAPAN
Aug 17, 1998

JAL officials admit payoffs to 'sokaiya'; pair arrested

Police arrested two members of a "sokaiya" corporate extortionist group Monday on suspicion of receiving about 23 million yen over 2 1/2 years from Japan Airlines Co. in violation of the Commercial Code.
JAPAN
Jul 29, 1998

Hayami defends easy monetary policy

Bank of Japan Gov. Masaru Hayami on Wednesday explained the central bank's wait-and-see attitude in its recent monetary policy decision, ruling out the possibility of further lowering the official discount rate or pursuing an inflationary policy to help revive the economy.
JAPAN
Jul 23, 1998

Patent Office to offer online trademark database search

A free Internet service will be launched by the Patent Office on July 31 to enable users to rummage through some 2 million trademarks that have already been registered or applied for, officials said Thursday.
JAPAN
Jul 16, 1998

MITI to resume Iran trade insurance

Staff writer
JAPAN
Jul 14, 1998

Conference points to industry as e-commerce trailblazer

U.S. and Japanese business leaders stressed in a joint statement Tuesday that the industrial sector should exercise leadership in the development of electronic commerce, which they expect will drive future economic growth.
JAPAN
Jul 14, 1998

Japan-U.S. confab finishes with call for bank action, stimulus

Businesspeople from the United States and Japan released a joint statement Tuesday urging Tokyo to swiftly adopt measures to restore the stability of, and confidence in, the Japanese banking sector, as well as to bolster domestic demand through tax cuts and deregulation.
JAPAN
Jun 24, 1998

Ex-health vice minister sentenced to two years for bribery

A former top bureaucrat at the Health and Welfare Ministry was sentenced to two years in prison Wednesday and fined 63.69 million yen for bribery in connection with the construction of special subsidized nursing homes.
JAPAN
Jun 9, 1998

Earnings gap widens among midsize life insurers

The business performance of the nation's eight second-tier life insurance firms in fiscal 1997 indicates that the gap between the stronger and weaker companies is widening, earnings reports released Tuesday showed.
JAPAN
Jun 1, 1998

JAL suffers 94.2 billion yen net loss

Japan Airlines suffered a net loss of 94.2 billion yen in the 1997 business year after writing off accumulated deficits and losses from affiliates.
JAPAN
May 22, 1998

Corporate profits fall first time in four years; city banks see red

Profit levels at most corporations declined for the first time in four years in the 1997 business year to March 31, with at least six of the nation's nine giant "city banks" falling into the red, according to earnings results released through Friday.
JAPAN
May 14, 1998

Societe Generale renews focus on Japan

Societe Generale said Thursday that it would change its business logo in Japan to SG Japan, adding that it plans to galvanize its operations here, especially in the areas of mutual funds and development of new products.
JAPAN
May 4, 1998

Tokyo-Mitsubishi chief defends wining, dining customs

Staff writer
JAPAN
Apr 24, 1998

Saudi prince welcomes all kinds of investment

Saudi Arabia will spare no effort to accommodate Japanese investors, visiting Prince Salman Bin Abdulaziz said April 24.
JAPAN
Apr 23, 1998

Mazda forecasts highest profits since '90

Mazda Motor Corp. said April 23 that it will post its highest profits since 1990 in a revised estimate of earnings for the 1997 business year, which ended in March.
JAPAN
Apr 17, 1998

Nissan downgrades '97 earnings projections

Due to lackluster sales and huge evaluation losses on marketable securities, Nissan Motor Co. on Friday announced a downward revision of its unconsolidated business forecast for the 1997 business year.
JAPAN
Apr 13, 1998

Economy under downward pressure, deflationary risk: BOJ

The economy remains in the doldrums, plagued by weak domestic demand and facing strong downward pressure, the Bank of Japan said April 13 in a monthly economic report gloomier than last month's.
JAPAN
Apr 6, 1998

AT&T Japan names new president

In a move to integrate its groupwide operations here, AT&T Japan announced April 6 the appointment of Darryl E. Green as its new president.
JAPAN
Apr 3, 1998

Enterprise Spirit: Entrepreneur cashes in on Internet telephony

17th in a series of occasional articles on venture businesses
JAPAN
Mar 26, 1998

Ceramics-maker turns bottles into bucks

Sixteenth in a series of occasional articles on venture businesses
JAPAN
Mar 17, 1998

JAL's president, chairman to resign in June

Akira Kondo, president of Japan Airlines Co., and Susumu Yamaji, JAL's chairman, will step down in June to take responsibility for the carrier's poor performance, it was announced March 17.
JAPAN
Mar 13, 1998

Foreign firms attempt to cash in on Tokyo's real estate bargains

Staff writer
JAPAN
Mar 13, 1998

Mitsui Marine & Fire decides against Sanyo takeover

Mitsui Marine & Fire Insurance Co. announced March 13 that it has dropped a plan to take over part of failed Sanyo Securities Co. because it is unlikely the company will be able to make a profit.
JAPAN
Mar 5, 1998

ANA changes profit forecast to loss

All Nippon Airways Co. announced Thursday that it is revising its forecast of a 2.3 billion yen net profit in its business report for the term that ends in March 1998 into a 3.2 billion yen net loss.
JAPAN
Feb 20, 1998

Contractors face collapse as banks gird for Big Bang

Last in a series
JAPAN
Feb 17, 1998

Transport chief seeks to end officials' free plane rides

Transport Minister Takao Fujii said Tuesday that he has ordered ministry officials to consider abolishing a half-century-old practice under which Civil Aviation Bureau officials get free rides on Japanese airline firms for business trips.
From France to Mali, a deportee's struggle far from home
Moussa Sacko, a Malian deported from France — where he had lived since he was a young child — stands on a street in Bamako, Mali, in December. Compared with his home in France, Bamako feels like a different planet, Sacko said.
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.
Six short films that capture our world in mere minutes
“Marion” provides a glimpse into the lives of bull dodgers, who perform a nonlethal version of bullfighting.
As Taiwan looks to boost ‘unofficial ties,’ Paraguay’s leader offers facilitator role
Paraguayan President Santiago Pena speaks during an interview with The Japan Times in Tokyo on Thursday.
GCAP next-gen fighter joint venture likely to be running by this summer
A concept model of the Global Combat Air Program's fighter jet is displayed during the DSEI Japan defense exhibition in the city of Chiba on Wednesday.
NTT develops world's first 'flying lightning rod' using drones
NTT's drone — aimed at triggering, then redirecting lightning — is described as a "flying lightning rod."
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.

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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