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May 11, 2025
 

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JAPAN
Sep 19, 2003

Japan land prices fall for 12th year in row

The decline in land prices accelerated over the year to July 1, falling for a 12th consecutive year, according to a government survey released Thursday.
Japan Times
BUSINESS
Jul 9, 2003

Popular nightclub a microcosm of pain, potential of deflation-beset Japan

Tokyo nightclub owner Sakura Masui is nowhere close to the modern-day geisha girl she appears to be, shuffling demurely in a purple kimono as she pours drinks and chats in hushed tones.
Japan Times
JAPAN
Apr 29, 2003

Tokyo Station a mecca for outlying colleges

Hoping to ensure their survival, better meet students' needs and enhance ties with the business community, universities are increasingly opening offices and satellite campuses around Tokyo Station.
BUSINESS
Apr 25, 2003

Tertiary industry activity down 0.8%

The index of Japan's tertiary industry activity fell 0.8 percent in February from January, partly affected by sluggish tourism amid fears about the war in Iraq, the Ministry of Economy, Trade and Industry said Thursday.
Japan Times
CULTURE / Art / NEW ART SEEN
Apr 9, 2003

Complex reasons to paaaarty!

Judging from the scene in Roppongi Friday night, no one would suspect that U.S. and British warplanes are blasting Iraq, French auction houses are facing a boycott, and the world's art market has landed in the toilet. It was happy time here on the Tokyo contemporary art scene. With smiles on their faces,...
BUSINESS
Apr 8, 2003

Matsushita expects 23.5 billion yen loss for fiscal '02

Joining a growing list of companies hit by plummeting bank shares, Matsushita Electric Industrial Co. said Monday it expects to report a group net loss of 23.5 billion yen for the fiscal year that ended March 31.
EDITORIALS
Apr 5, 2003

A partially changing land-price map

Falling land prices are symptomatic of Japan's deflationary economy. Banks sell collateralized land to write off dud loans. Companies dump their land holdings to pay off debts. Land prices drop further as the property market weakens. As things stand, there seems to be no way to halt this vicious circle....
Japan Times
COMMUNITY / Issues / THE ZEIT GIST
Mar 11, 2003

Building projects defy huge cash woe

Until a year ago, the tallest structure I could see from my apartment in Hashimoto, Kanagawa Prefecture, was the neon sign for the local Denny's. Not any more.
Japan Times
BUSINESS
Mar 8, 2003

Hitachi may sell HQ and rent office space

Hitachi Ltd. said Friday it is considering selling its headquarters building in Tokyo's Chiyoda Ward and renting space in a nearby building.
Japan Times
JAPAN
Feb 14, 2003

Former Eitai execs held for taking doomed loans

Police on Thursday arrested four former executives of the failed credit union Eitai who allegedly had their firm take over 7.8 billion yen in bad loans extended by an affiliated company to ailing borrowers, even though they knew the loans were unrecoverable.
BUSINESS / ON MANAGEMENT
Feb 11, 2003

Fatal Distraction: There's no such thing as a 'safe' investment, when it comes to a micromanaging CEO

A news story the other day included a list of a certain CEO's business activities, all on top of his "day" job: part-owner of a golf course, a hunt club and a new marina, each in a different part of the country; silent partner in his son's startup venture; prime mover behind a regional ski resort development;...
BUSINESS
Jan 10, 2003

Land prices continue to fall: agency

Land prices in 2002 continued to fall from a year earlier in eight broad residential areas nationwide, real estate firm Misawa-MRD Co. said Thursday.
Japan Times
JAPAN
Nov 28, 2002

Housing quest still tall order for foreigners

One of the first hurdles for people planning to work or study abroad is securing a place to live.
BUSINESS
Nov 27, 2002

Towa secures 230 billion yen bailout

Towa Real Estate Development Co. said Tuesday that UFJ Bank and other creditor banks have agreed to a 230 billion yen bailout -- 200 billion yen in debt relief and 30 billion yen in debt-for-equity swaps.
BUSINESS
Sep 25, 2002

Tertiary industry activity up 0.3%

Activity in tertiary industries grew a preliminary 0.3 percent in July from the previous month for the first gain in two months, the Ministry of Economy, Trade and Industry reported Tuesday.
BUSINESS
Sep 12, 2002

Major builders' merger still under construction

Mitsui Construction Co. and Sumitomo Construction Co. said Wednesday progress is being made in their business integration talks but no specifics have been settled.
COMMUNITY
Jul 28, 2002

Into the unknown Sea of Okhotsk

The Bering Sea, 1999. A wave-dashed shore ahead; leaden skies above. The way the rough sea was lifting and pitching and rolling our ship was not promising. I could just make out a bleak and deserted beach backed by lush knee-high vegetation, with a low, steep bank beyond. Somewhere there, 250 years ago,...
JAPAN
Jul 19, 2002

Bad loans don't cost LTCB execs

The Tokyo District Court on Thursday rejected a demand from the Resolution and Collection Corp. that four former executives of the Long-Term Credit Bank of Japan pay the state damages for "illicit decisions" to extend loans in 1990 to the now-defunct real-estate developer EIE International Corp.
JAPAN
May 30, 2002

Morgan Stanley fund accused of tax evasion

A real-estate investment fund operated by the Morgan Stanley group of the U.S. allegedly failed to report 18 billion yen in Japanese income from the buying and selling of bad loans in 1999 and 2000, sources said Wednesday.
BUSINESS
Feb 26, 2002

Misawa Homes considering 120 billion yen writeoff

Misawa Homes Co. said Monday that it is considering writing off 120 billion yen in latent losses on property-backed loans, property assets and shareholdings in the business year ending March 31.
BUSINESS
Feb 22, 2002

Haseko calls on major banks for 150 billion yen in support

Struggling condominium developer Haseko Corp. unveiled a sweeping restructuring plan Thursday, calling for 150 billion yen in financial support from major creditor banks and a 10 percent cut in personnel expenses in three years.
BUSINESS
Feb 16, 2002

Asahi Mutual to cut stock losses

Asahi Mutual Life Insurance Co. said Friday it will raise 150 billion yen and cut its shareholding losses by 400 billion yen by March 31 in a bid to regain customer trust and stop policy cancellations.
JAPAN
Feb 8, 2002

Are cell phones becoming too disruptive?

Masahito Tagami spent some 900,000 yen on a relay antenna system when he opened an "izakaya" restaurant in the basement of a building in Shibuya Ward, Tokyo, last April, so that customers could use their mobile phones.
EDITORIALS
Jan 28, 2002

An inadequate rescue plan

A new three-year restructuring program for Daiei Inc., the nation's second-largest supermarket chain operator, is symbolic of the debt woes that plague large Japanese distributors, constructors and real estate firms. Earlier this month, Daiei's three creditor banks -- UFJ Holdings Inc., Sumitomo Mitsui...
BUSINESS
Jan 12, 2002

Ailing Daiei looks to unload baseball team, dome

Troubled Daiei Inc. is planning to sell a majority of its shares in the Fukuoka Daiei Hawks baseball team and its ballpark, the Fukuoka Dome, as part of efforts to reduce its massive interest-bearing debts, according to company sources.
JAPAN
Jan 5, 2002

Politicians' assets average 46 million yen

Members of the Tokyo Metropolitan Assembly possess assets worth 45.86 million yen on average, down 45 percent from four years ago, the Tokyo Metropolitan Government said Friday.
JAPAN
Dec 24, 2001

Tax-evasion case reveals connivery behind Kepco's nuclear plant quest

KYOTO -- A recent ruling handed down by the Yokohama District Court on a tax evasion case details for the first time the methods employed by major power companies to circumvent national land laws and stymie local opposition to nuclear power plants.
Global militaries to study India-Pakistan fighter jet battle
The Indian Air Force's Rafale fighter jets. India and Pakistan aircraft engaged in a dogfight on Wednesday.
Trump says India and Pakistan have agreed to 'immediate ceasefire'
A man stands amid debris on the roof of a damaged house, following Pakistan's military operation against India, in Rehari, Jammu, on Saturday.
Who could become Japan's next prime minister?
Clockwise from top left: Former economic security minister Sanae Takaichi, former economic security minister Takayuki Kobayashi, Finance Minister Katsunobu Kato and Chief Cabinet Secretary Yoshimasa Hayashi
Suspect in Tokyo Metro stabbing chose station to highlight ‘educational abuse’
Yoshitaka Toda is escorted out of a police station in Tokyo's Bunkyo Ward on Friday to be sent to prosecutors.
Japan stuck at starting line in tariff talks with U.S. as U.K. inks deals
Ryosei Akazawa, Japan’s top tariff negotiator, speaks to the press on Friday. Japan and the United States are still discussing what to negotiate.
Who could become Japan's next prime minister?
Clockwise from top left: Former economic security minister Sanae Takaichi, former economic security minister Takayuki Kobayashi, Finance Minister Katsunobu Kato and Chief Cabinet Secretary Yoshimasa Hayashi
With a new Shibuya studio, Apple Music bets big on Japan
Apple Music personalities (from left) Ebro Darden, Kentaro Ochiai, Zane Lowe and Mino came together for a special recording in late April to discuss music and celebrate the newly opened Apple Music studio in Tokyo.
Kazuki Nagasawa's sustainable designs are rooted in tradition
For centuries, artisans have unraveled strands of the fibrous bark of "shuro" trees to create a medley of everyday objects. Designer Kazuki Nagasawa is now transforming the traditional material into ethereal contemporary pieces.
SusHi Tech Tokyo 2025 expands to become one of Asia's largest startup events
SusHi Tech Tokyo 2025 was bustling with participants of various nationalities Thursday, and multiple languages could be heard around the room as many engaged in conversations throughout the day.
Celebrating Japan’s defeat at Shimoda’s Black Ships Festival
Tatsumi Onose (right), who plays the part of Commodore Matthew Perry in Shimoda's Black Ship Festival, says the historical episode the event is based on should be remembered for its positives more than its negatives.

Podcast

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

Longform

Dangami House is a 180-year-old former samurai residence of the Kato clan, who ruled over Ozu, Ehime Prefecture, until the Meiji Restoration.
A house, a legacy and the quiet work of restoration in rural Japan
By Hanako Lowry

SUSTAINABLE JAPAN

Fujitsu crafts sustainable innovation for itself, society
Fujitsu crafts sustainable innovation for itself, society

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