Search - 2002

 
 
JAPAN
Jun 7, 2001

Secret-use funds to be cut, scrutinized

The Foreign Ministry, in the wake of an embezzlement scandal involving a senior bureaucrat, will cut its discretionary diplomatic funds, step up its inspections and let the foreign minister have the final say on spending, it announced Wednesday.
BUSINESS
Jun 7, 2001

GDP cap sought for public works

Finance Minister Masajuro Shiokawa said Wednesday that the government should reduce Japan's ratio of public works spending to gross domestic product to between 1 percent and 2 percent in the next 10 years to match the level of such spending in western countries.
BUSINESS
Jun 5, 2001

Major life insurers feel pinch

Low interest rates, a sluggish stock market and a steady stream of policy terminations continued to squeeze major life insurers, according to results for the 2000 business year released Monday.
BUSINESS
Jun 2, 2001

Reform blueprint supports Koizumi's avowed projects

A government panel has approved the basic framework of draft guidelines on economic and fiscal policies that center on Prime Minister Junichiro Koizumi's reform initiatives, including comprehensive reform of the national budget.
BUSINESS
Jun 1, 2001

Fiscal panel eyes release of public entities

A key government panel on economic and fiscal policy is expected to recommend next month a partial privatization of employee pension programs and sweeping deregulation, government sources said Thursday.
BUSINESS
May 31, 2001

Soon-to-merge insurers report increased profits

Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. -- two major nonlife insurers scheduled to merge in October -- on Wednesday reported higher group profits for fiscal 2000.
BUSINESS
May 31, 2001

IMF chief urges expanded disclosure of bad loans

International Monetary Fund chief Horst Koehler encouraged the Financial Services Agency on Wednesday to step up disclosure of its assessments of banks' problem loans.
BUSINESS
May 31, 2001

Kamisu picked as fifth LPG site

The governmental Japan National Oil Corp. said Wednesday it has picked the town of Kamisu, Ibaraki Prefecture, as the site for a storage tank it will build to store liquefied petroleum gas under the nation's 1.5-million ton LPG stockpiling program.
JAPAN
May 31, 2001

Time ripe for collective defense: panelists

Panelists at a symposium on Japan-U.S. relations held in Tokyo this week agreed that Japan should lift its ban on engaging in collective defense as both nations seek to strengthen security ties.
BUSINESS
May 31, 2001

Kumagai Gumi stays in red despite loans being forgiven

Struggling construction firm Kumagai Gumi Co. said Wednesday it remained in the red for the year ended March 31, with a group net loss of 2.65 billion yen after the previous year's loss of 4.62 billion yen.
JAPAN
May 31, 2001

ODA to be reviewed for '02 budget

The government will review its official development assistance when compiling the fiscal 2002 budget, Prime Minister Junichiro Koizumi said Wednesday.
JAPAN
May 30, 2001

Ogi plans 160 billion yen outlay to cut train time to Narita

The government is ready to allocate money in fiscal 2002 for a new railway track that would reduce the time to get to Narita airport in Chiba Prefecture from Nippori station in Tokyo by 15 minutes, Land, Infrastructure and Transport Minister Chikage Ogi said Tuesday.
BUSINESS
May 30, 2001

Tokio Marine's group pretax profit surges 58.9%

Tokio Marine & Fire Insurance Co. said Tuesday its group pretax profit for the 2000 business year surged 58.9 percent to 85.45 billion yen.
JAPAN
May 29, 2001

Australia's Downer urges Japan to help in East Timor

Visiting Australian Foreign Minister Alexander Downer on Monday urged Japan to participate in peacekeeping operations in East Timor in addition to providing financial assistance to the area.
SOCCER / THE BALD TRUTH
May 29, 2001

Confederations Cup another step on the ladder

On Oct. 29 last year, Philippe Troussier sat, drenched in champagne, at his post-match press conference after Japan's nail-biting 1-0 win over Saudi Arabia in the Asian Cup final. The oversized fruit bowl of a trophy beside him, the Frenchman grinned like a Cheshire cat while he tried to collect his...
COMMENTARY / World
May 27, 2001

S. Korea's local councils are weak link

SEOUL -- Anniversaries are a good time to pause and ask: Where have we been successful and where have we failed? Looking at the past critically is a precondition for avoiding mistakes in the future.
JAPAN
May 27, 2001

Seoul's Han tells Tanaka to act on disputed history textbook

South Korea demanded Saturday that Japan take "visible action" over recently approved Japanese junior high school history textbooks that critics say whitewash Japan's past military aggression, a Japanese Foreign Ministry official said.
JAPAN
May 27, 2001

Citizens to get say in road use

The Transport Ministry has decided to reflect local views in the use of roads near railway stations and shopping streets, according to ministry officials.
BUSINESS
May 25, 2001

Nippon Steel profit margin jumped 137% in fiscal 2000

Nippon Steel Corp. said Thursday it posted a group net profit in fiscal 2000 of 26.49 billion yen, up by 137.1 percent.
JAPAN
May 24, 2001

Exams to have two-year life

The results of the preliminary university entrance examinations held each January will be valid for two years, the Education Ministry has said.
EDITORIALS
May 24, 2001

Stopping pork barrel at the source

Barely a month on the job, Prime Minister Junichiro Koizumi has yet to flesh out his reform blueprint. In this sense, he can be likened to a painter who has only just finished the outlines of a portrait. Now, however, he is about to draw a bold nose smack in the middle of the canvas. We refer to his...
JAPAN
May 24, 2001

Koizumi must deliver before hoopla fades

Staff writers Reformist Prime Minister Junichiro Koizumi seems to know too well that what counts is his image.
JAPAN
May 23, 2001

Japan, Nigeria to forge a 'special partnership'

Japan and Nigeria agreed Tuesday to build a "special partnership" to deal with African problems and cooperate in combating infectious diseases such as AIDS.
JAPAN
May 23, 2001

Why pay king's ransom on conveyor-belt nuptial when Hawaii beckons?

More Japanese couples are getting married at overseas holiday resorts in destinations that include Hawaii, Guam and Australia, accompanied just by family and a few friends.
BUSINESS
May 22, 2001

Cost-cutting returns IHI to profits

said Monday it restored profitability in fiscal 2000 for the first time in two years, thanks to cost-reduction efforts and management restructuring. It registered a consolidated net profit of 9.21 billion yen, against a net loss of 79 billion yen the previous year. Its group pretax profit came to 28.06...

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.