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Japan Times
LIFE / Travel
Mar 19, 2002

Will peace ever return to paradise?

COLOMBO, Sri Lanka -- Foreign visitors to Sri Lanka have been singing its praises since the days of Marco Polo. From sacred Buddhist ruins and magnificent sculptures to gorgeous beaches and the verdant hills of the tea estates, this is an island that has much to offer in a relatively small area. Wandering...
LIFE / Travel
Mar 19, 2002

Will peace ever return to paradise?

COLOMBO, Sri Lanka -- Foreign visitors to Sri Lanka have been singing its praises since the days of Marco Polo. From sacred Buddhist ruins and magnificent sculptures to gorgeous beaches and the verdant hills of the tea estates, this is an island that has much to offer in a relatively small area. Wandering...
BUSINESS
Mar 16, 2002

KDDI revises downward earnings projection for '01

KDDI Corp., the nation's second-largest telecommunications carrier, on Friday downwardly revised its earnings projection for the year that ends March 31.
BUSINESS
Mar 15, 2002

Wal-Mart to enter Japan through alliance with ailing Seiyu

U.S. retail giant Wal-Mart Stores Inc. and struggling supermarket operator Seiyu Ltd. said Thursday they are forming a capital alliance that will enable the world's largest retailer to stride into Japan.
BUSINESS
Mar 14, 2002

Air France eyes '05 Nagoya return

The general manager of the Japanese office of Air France said Wednesday that the airline may resume its flights from Nagoya in 2005, the year in which a new international airport is scheduled to open and a world exposition will be held in Aichi Prefecture.
BUSINESS
Mar 13, 2002

Nippon Steel to enter China housing market

Nippon Steel Corp. said Tuesday it will enter the house-building business in China by licensing its construction technology to a Chinese building materials firm.
BUSINESS
Mar 12, 2002

WTO should review rules of investment: Hiranuma

Economy, Trade and Industry Minister Takeo Hiranuma on Monday told the next director general of the World Trade Organization that investment rules should be negotiated during the recently launched new round of international trade talks.
COMMENTARY / JAPAN IN THE GLOBAL ERA
Mar 11, 2002

Business schools buck international trend

Seventh in a series
JAPAN
Feb 28, 2002

Ministry drawing up strict auto emission standards

An Environment Ministry panel has come up with a plan that would force auto makers to reduce the diesel particulate matter their vehicles spew by up to 85 percent and nitrogen oxide emissions by 50 percent.
BUSINESS
Feb 28, 2002

Daiei to get 520 billion yen from its main creditors

Struggling supermarket operator Daiei Inc. announced Wednesday a fresh three-year restructuring program that features 520 billion yen in financial support from its three main creditor banks, up 100 billion yen from an earlier plan.
BUSINESS
Feb 27, 2002

Daiei bailout now put at 520 billion yen

The three main creditor banks of Daiei Inc. plan to increase their financial support for the troubled supermarket chain to 520 billion yen from the initially planned 420 billion yen, sources said Tuesday.
EDITORIALS
Feb 26, 2002

Constitutional reform debate low-key

The parliamentary debate on constitutional reform is making little headway two years after it formally began in both Houses of the Diet. The Constitutional Research Committee, created in both Houses in 2000 to make a comprehensive review of the national charter, is expected to submit a report in 2005....
BUSINESS
Feb 26, 2002

Daiei may slash capital by 99%

Debt-saddled retailer Daiei Inc. said Monday it may slash its capital by more than 99 percent under a three-year restructuring plan scheduled to be unveiled Wednesday.
BUSINESS
Feb 24, 2002

Daiei to get 460 billion yen to restructure

Daiei Inc. will receive a total of 460 billion yen in financial assistance from three major creditor banks, up 40 billion yen from an initial plan, to promote a new three-year restructuring program, according to the final draft of the plan made available Saturday.
BUSINESS
Feb 22, 2002

No hurry over Iran oil deal

Nearly two months after the target date passed quietly for concluding negotiations with Iran on a key oil project, Japanese government officials do not seem to be feeling pressed.
Events
Feb 19, 2002

Hard times spark rare, fiery debate at annual Kansai Economic Summit

OSAKA -- For the past four decades, the Kansai region's business leaders have gathered annually in February to discuss a variety of local economic issues.
BUSINESS
Feb 19, 2002

Kyowa Hakko to sell all liquor units to Asahi

Kyowa Hakko Kogyo Co., a major manufacturer of fermented chemicals, has agreed to sell off its alcoholic beverage operations, which have accounted for roughly a quarter of its consolidated sales, to Asahi Breweries Ltd., the two companies said Monday.
BUSINESS / JAPANESE PERSPECTIVES
Feb 18, 2002

Hopeful bond sellers should strike while the iron is hot

Long-term interest rates are on an upward trend both in Japan and the United States. The yield on the 10-year Japanese government bond has recently been in the 1.5 percent range, while market rates on 10-year U.S. government bonds have been hovering at around 5 percent — the same as at the beginning...
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 15, 2002

Worker spies on NASDA secrets

An employee of a satellite maker illegally accessed a National Space Development Agency computer system and spied on classified data about a rival firm's technology, NASDA officials said Thursday.
EDITORIALS
Feb 11, 2002

Space business still awaiting liftoff

The second H-2A rocket, which is touted as the leading player in Japan's space development at the beginning of the 21st century, was successfully launched last Monday, deploying one of the two probes it was carrying into orbit. Following the successful launching of the first H-2A rocket in August 2001,...
BUSINESS
Feb 5, 2002

Asian, Latin American officials ready to roll up their sleeves

A fledgling forum of 27 East Asian and Latin American countries will get down to business early next month on drafting a package of specific proposals to shore up nascent trans-Pacific cooperation in economic and social areas.
BUSINESS
Feb 1, 2002

Manufacturer overtime decreased 8.5% last year

Overtime in the domestic manufacturing sector fell 8.5 percent from the previous year to an average of 12.6 hours a month in 2001, according to a government survey released Thursday.
JAPAN
Feb 1, 2002

Union Jichiro mulls way to remove scandal taint

Jichiro, the All-Japan Prefectural and Municipal Workers' Union, opened a two-day special convention Thursday in Tokyo to discuss how to rebuild the organization in the wake of a tax evasion scandal involving former executives and the revelation of massive off-the-book debts.
BUSINESS
Jan 30, 2002

Nissho Iwai to eliminate 5,000 jobs in restructuring

Major trading house Nissho Iwai Corp. on Tuesday announced a three-year restructuring plan featuring a cut of 5,000 jobs from its current consolidated workforce of 19,000.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past