Search - 2005

 
 
BUSINESS
Jun 4, 2004

Tax revenue debate said clouding reforms

Recent wrangling over the transfer of tax revenue sources from the central government to local governments is clouding the future course of Japan's fiscal reform, analysts said Thursday.
BUSINESS
Jun 3, 2004

3 trillion yen target set for tax transfer to regions

Finance Minister Sadakazu Tanigaki and home affairs chief Taro Aso agreed Wednesday to set a target of transferring 3 trillion yen in tax revenue sources from the national government to local governments between April 2005 and 2007.
BUSINESS
Jun 3, 2004

Eco-friendly convenience stores eyed

The government will help finance convenience stores' efforts to counter global warming, hoping their actions will encourage other entities to take similar steps nationwide, the Environment Ministry said Wednesday.
BUSINESS
Jun 1, 2004

Two regional economies upgraded

The government said Monday it has revised upward its economic assessment for two of 11 regions nationwide due to a pickup in personal spending and improvement in employment conditions.
BUSINESS
May 29, 2004

Nippon Shinpan, UFJ Card to merge

Consumer credit firms Nippon Shinpan Co. and UFJ Card Co. said Friday they have signed an accord to merge in April 2005.
EDITORIALS
May 28, 2004

Banks and their 'debt of gratitude'

It appears that most of Japan's top banks are making good progress toward cleaning up their nonperforming loans. They may not be out of the woods yet, but their latest financial reports indicate that they are on track to meeting a government target for bad-debt reduction in fiscal 2004, which ends March...
BUSINESS
May 26, 2004

UFJ, Merrill Lynch to buy loans

UFJ Bank said Tuesday it and the Merrill Lynch group will create a fund of up to 100 billion yen to purchase loans to ailing small and midsize enterprises.
BUSINESS
May 25, 2004

Drugmakers ink merger accord

Yamanouchi Pharmaceutical Co. and Fujisawa Pharmaceutical Co. said Monday they have signed a definitive agreement to merge April 1, 2005, to create the nation's second-largest drugmaker in terms of group sales.
JAPAN
May 25, 2004

Wrangling over new Kobe airport rumbles on

OSAKA -- Tension over the future of airports in the Kansai region boiled over recently, with politicians and business leaders in Kobe and Osaka engaging in public skirmishes with the central government and with each other.
JAPAN
May 22, 2004

Embattled MMC unveils 'last chance' survival plan

Japan's crisis-hit Mitsubishi Motors Corp. unveiled a survival plan Friday featuring a 450 billion yen cash injection, relocation of its head office from Tokyo to Kyoto and major cuts in its global workforce and Australian output.
BASKETBALL / NBA / NBA REPORT
May 22, 2004

McGrady looking at Suns, Rockets, Spurs, Lakers for future

NEW YORK -- For obvious reasons, Tracy McGrady has narrowed his choices to play next season -- or the following one, at the latest, should the Magic incomprehensibly fail to arrange a trade -- to four teams, all of whom flaunt a centrifugal force.
Japan Times
BUSINESS
May 22, 2004

Ministry to mint expo, airport coins

Japan will mint special coins to mark the 2005 World Exposition in Aichi Prefecture and the opening of Chubu international airport next year, the Finance Ministry said Friday.
JAPAN
May 22, 2004

Embattled MMC unveils 'last chance' survival plan

Japan's crisis-hit Mitsubishi Motors Corp. unveiled a survival plan Friday featuring a 450 billion yen cash injection, relocation of its head office from Tokyo to Kyoto and major cuts in its global workforce and Australian output.
JAPAN
May 20, 2004

Hosoda admits omission of donations from fund-report

Chief Cabinet Secretary Hiroyuki Hosoda admitted Wednesday that he failed to declare in political funding reports some 31 million yen that a scandal-tainted company shouldered as part of the salary for his chauffeur between 1996 and 2003.
COMMENTARY
May 20, 2004

A Kerry victory would curtail spending

WASHINGTON -- Republicans control both the White House and Congress, but Washington, D.C. remains a fiscal sinkhole. The best hope for budget probity is to turn over one branch of government to the Democrats.
JAPAN
May 16, 2004

Experts are forecasting 60 more cases of mad cow

About 60 more cases of mad cow disease are expected to occur in Japan, with the number likely to peak in 2005 and 2006, according to a Cabinet Office report.
BUSINESS
May 15, 2004

Sony Bank remains mired in the red

Sony Bank Inc. posted a net loss of 2.1 billion yen in fiscal 2003 for third consecutive annual loss since it started operations.
BUSINESS
May 13, 2004

Special farm subsidies face reduction or abolishment

The Finance Ministry wants to reduce or abolish the special subsidies paid to farmers who cultivate land deemed to be at a geographical disadvantage, ministry sources said Wednesday.
Japan Times
CULTURE / Art / CERAMIC SCENE
May 12, 2004

The Emperor's phantom porcelain set

Rarely, if ever, has a dinner set taken on such a mysterious aura as the maboroshi (phantom) porcelain service made by the late Yoshimichi Fujimoto (1919-92). Used only once and then, for reasons that remain enigmatic, hidden away for years, it comprises 230 pieces, enough to serve 15 diners. Only two,...
BUSINESS
May 12, 2004

Bandai net profit hits record 14.2 billion yen

Bandai Co. said Tuesday its net profit rose 12 percent to a record 14.21 billion yen for the year through March, with Power Rangers characters enjoying strong popularity overseas.
JAPAN
May 12, 2004

Popular 'total control' asthma drug to get OK in 2005

The government is expected to approve a new asthma medication next year that is widely used overseas due to its effectiveness.
BUSINESS
May 11, 2004

Softbank sinks deeper into red

Softbank Corp. said Monday its net loss widened in fiscal 2003 for the third consecutive year in the red due to heavy spending to attract subscribers to its high-speed Internet connection service.
MORE SPORTS
May 9, 2004

Japan to play host

Japan will host a revamped World Club Championship in late 2005, FIFA President Sepp Blatter said Saturday.
BUSINESS
May 8, 2004

IRCJ starts up ailing Kanebo's cosmetics branch

Ailing Kanebo Ltd.'s mainstay cosmetics business began operations Friday under the state-backed Industrial Revitalization Corp. of Japan to pay off the group's huge debts.
JAPAN
May 8, 2004

Changes eyed for vehicle-recall system

The Land, Infrastructure and Transport Ministry has unveiled measures to fundamentally revise the existing vehicle-recall system.
JAPAN
May 8, 2004

Nuclear plant exposure levels raise eyebrows

Nuclear plant workers in Japan have suffered the world's highest collective radiation exposure for four consecutive years, prompting the Nuclear and Industrial Safety Agency to consider improvements, it was learned Friday.

Longform

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.