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May 11, 2025
 

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BUSINESS
Jul 5, 2000

Sogo chief asked to give up assets

Troubled department store operator Sogo Co. has asked its former chairman to hand over more of his personal assets to make reparations for its financial woes, Sogo officials said Tuesday.
BUSINESS
Jun 23, 2000

Restructuring putting a damper on recovery

Recent economic reports indicate the nation has finally pulled itself out of a decade of doldrums.
BUSINESS
Jun 22, 2000

Bankruptcy declared for realtor, unit

Real estate developer EIE International Corp. and its affiliate General Lease Co. have been declared bankrupt by the Tokyo District Court, a private credit research agency said Wednesday.
BUSINESS
Jun 1, 2000

Tokyo Sowa execs indicted for fraud

Prosecutors on Wednesday indicted five former executives of the failed Tokyo Sowa Bank on charges of conspiring to falsely show the bank had adequate capital reserves.
EDITORIALS
May 31, 2000

Bright prospects for corporate Japan

Corporate-earnings reports for fiscal 1999, which ended March 31, provide further evidence of a budding recovery in the corporate sector. Most of the companies listed on the Tokyo Stock Exchange posted their first net profit increase in three years. On a consolidated basis, pretax profits surged an estimated...
BUSINESS
May 29, 2000

Seibu seeks more capital to cover hole left by Seiyo

Seibu Department Stores Ltd. will increase its capital in an effort to wipe out a large capital deficit left by Seiyo Corp., a real estate developer in its Saison retail group, sources familiar with the move said Sunday.
BUSINESS
May 25, 2000

No end in sight for treadmill of bad loans

It has been the same story for years. When banks release their earnings reports in May, bank officials say they have written off their bad loans "pre-emptively." Since they have written off huge portions of their problem loans, their future costs for bad-loan disposal will be marginal, they say.
JAPAN
May 12, 2000

Tokyo Sowa execs held for fixing books

Police on Thursday arrested six former executives of the failed Tokyo Sowa Bank on suspicion they conspired to falsify accounts to hide the company's capital inadequacy.
JAPAN
Mar 16, 2000

Lawyer held for hiding client

An Osaka lawyer was arrested Wednesday on suspicion of hiding a man accused of helping real estate developer Heo Young Joong, 53, evade police after the start of his trial on charges of conspiring to cause damage to defunct trading house Itoman Corp.
JAPAN
Mar 7, 2000

Former defense official served with fresh bribery warrant

OSAKA -- A former Defense Facilities Administration Agency official under arrest for fraud was served a fresh warrant Monday on suspicion he accepted 2 million yen in bribes from an oil sales company to help the firm start business with the Defense Agency, prosecution officials said.
JAPAN
Mar 1, 2000

State agencies dealt with Aum

A police raid of eight facilities related to Aum Shinrikyo on Tuesday revealed that major companies and government agencies had placed orders with a computer software company believed to be a major source of funds for the cult, investigators said.
JAPAN
Feb 29, 2000

State agencies did business with Aum company

A police raid of eight facilities related to Aum Shinrikyo on Tuesday revealed that major companies and government agencies had placed orders with a computer software company believed to be a major source of funds for the cult, investigators said. Police searched the facilities on suspicion that a cultist...
JAPAN
Jan 21, 2000

Stocks, cell phones raise industrial index

The nation's overall service industry activity increased 0.6 percent in November from the previous month due to increased mobile phone sales and active stock trading, marking the first rise in three months, according to a preliminary report issued Friday by the Ministry of International Trade and Industry....
JAPAN
Nov 16, 1999

Regional Special: Sanin

'Inaka' taps city disenchanted to repopulate>Staff writer
JAPAN
Sep 22, 1999

Weather, condo sales slow service industry

Monthly service industry activities slipped 0.3 percent in July from the previous month, the first decline in three months, due to cool weather and a big drop in condominium sales, according to a preliminary report released Wednesday by the Ministry of International Trade and Industry.
JAPAN
Sep 14, 1999

Keidanren pushes consolidated taxes

The Japan Federation of Economic Organizations (Keidanren) urged the government on Tuesday to introduce a consolidated corporate tax system in fiscal 2001 to encourage much-needed corporate realignment and raise the nation's industrial competitiveness.
JAPAN
Sep 9, 1999

Itoman execs sentenced to prison

OSAKA -- Former Itoman Corp. President Yoshihiko Kawamura and former Executive Director Suemitsu Ito were sentenced Thursday to prison terms of seven and 10 years, respectively, for aggravated breach of trust and other charges in connection with the multibillion-yen scandal that rocked the midsize trading...
JAPAN
Aug 3, 1999

Nissho Iwai announces major restructuring

Nissho Iwai Corp., a major trading firm struggling under heavy financial burdens, will carry out a drastic restructuring that will halve its textile business, company sources said Tuesday.
JAPAN
Mar 31, 1999

HLAC, RCB merger creates powerful collection agency

Staff writer
JAPAN
Dec 28, 1998

Fujita restructuring plan, default requests unveiled

Fujita Corp., a general contractor, unveiled a new five-year restructuring plan Monday and requested that six main creditor banks renounce a total of 120 billion yen in loans provided to the firm.
JAPAN
Dec 22, 1998

Koreans' eviction from Utoro upheld

OSAKA -- The Osaka High Court dismissed an appeal Tuesday filed by 12 Korean families facing eviction from the wartime forced laborers' squatter community of Utoro in the city of Uji, Kyoto Prefecture, upholding a lower court ruling.
JAPAN
Oct 21, 1998

Nomura to eliminate up to 2,000 jobs worldwide

In response to huge losses at its overseas affiliates, Nomura Securities Co. has decided to reduce payrolls by 1,000 to 2,000 at home and abroad, company sources said Wednesday.Nomura is expected to make an official announcement of the job cuts today when it releases its audited semiannual financial...
JAPAN
Oct 21, 1998

JNR Settlements' era ends without a bang

JNR Settlements Corp.'s 11-year history ended at midnight Wednesday as new laws to more effectively dispose of 28.3 trillion yen in debt left behind by the defunct Japanese National Railways took effect.The semigovernmental body was created in 1987 to tame debt of 22.6 trillion yen accumulated by JNR,...
JAPAN
Jun 9, 1998

Koreans fight eviction from Utoro homes

OSAKA -- Twelve Korean families facing eviction from the former wartime squatters community of Utoro in Uji, Kyoto Prefecture, claimed Tuesday in their first oral appeal hearing that the real estate company that now owns the land should acknowledge their residential rights.
JAPAN
May 22, 1998

Hashimoto lights spark on bad loan resolve

Prime Minister Ryutaro Hashimoto appealed Friday for increased efforts to resolve financial institutions' bad loan problems as soon as possible to facilitate economic recovery.
JAPAN
May 20, 1998

Nissan to post losses of 14 billion yen

In sharp contrast to its rival automakers, financially troubled Nissan Motor Co. announced Wednesday that it expects to post net losses of 14 billion yen for the 1997 business year.
JAPAN
Feb 20, 1998

Contractors face collapse as banks gird for Big Bang

Last in a series
JAPAN
Aug 25, 1997

Tokyo to put waterfront land leases up for bid

The Tokyo Metropolitan Government on August 25 will begin accepting registration forms from businesses interested in bidding on 30-year leases for land along the Tokyo Bay waterfront development area.
JAPAN
Jul 31, 1997

Business group suggests simpler taxes to spur land sales

The nation's land-related taxes should be simplified to spur sluggish real estate sales, the Japan Association of Corporate Executives (Keizai Doyukai) said July 31.
JAPAN
Apr 24, 1997

New ministry estimate puts JNR debt at 70 trillion yen

Repaying the debts of the now defunct Japanese National Railways will eventually cost the government 70.21 trillion yen, the Transport Ministry said April 24.
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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