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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

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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.
JAPAN
Mar 31, 1997

Plan aims to improve liquidity of collateralized land

The government on Mar. 31 outlined its comprehensive package to encourage more transactions of collateralized land, suggesting that the public and private sector cooperate in purchasing and redeveloping 380 billion yen worth of real estate in fiscal 1997.
JAPAN
Jan 2, 1997

More failures to come as 'Jusen' iceberg emerges, many say

While public anger over the government's use of 685 billion yen in taxpayers' funds to liquidate seven "jusen" housing loan companies has subsided, this year may see the outbreak of yet another financial crisis that could eventually require the injection of public money.Analysts say the fuss over the...
JAPAN
Feb 3, 1996

Shiodome land nets JNR Settlement 372 billion yen

As real estate brokers and developers looked on Feb. 3, Japanese National Railways Settlement Corp. announced that its 5.3-hectare plot of land around the former Shiodome Cargo Terminal near JR Shimbashi Station in Tokyo's Minato Ward would be sold to three corporate groups for 372.3 billion yen.
Japan Times
ASIA PACIFIC
May 10, 2023

Hong Kong wants more tourists, but mostly ‘good quality’ ones, please

The return to Hong Kong of budget tour groups from mainland China is sparking frustrations, and a dose of snobbery, in a city starved for business.
Japan Times
ASIA PACIFIC
May 8, 2023

Jarred by pandemic curbs, rich Chinese scour Thailand for second homes

Cooped up for three years under some of the world's toughest COVID-19 controls, a flood of mainland Chinese have been hunting for property buys overseas since Beijing opened its borders.
Japan Times
BUSINESS / Economy
May 8, 2023

Powell’s bet against recession looks good — minus the credit crunch and a standoff

Federal Reserve Chair Jerome Powell reckons the U.S. economy can skirt recession. But the odds are stacked against him — thanks to banking, politics, and even the weather.
Japan Times
BUSINESS
May 1, 2023

China’s mixed economic data fuels concerns about recovery

Purchasing managers’ indexes released Sunday showed an unexpected decline in factory activity in April, weighed down by weaker global demand for Chinese exports.
Japan Times
WORLD
Apr 9, 2023

Saudi Arabia’s drive to get expats to ditch Dubai is off to a rocky start

The big question is whether Riyadh is ready from an infrastructure, housing, lifestyle and even administrative standpoint for an influx of foreign white-collar workers and their families.
Japan Times
COMMENTARY / World
Mar 29, 2023

A good year for China’s economy

Following China’s abandonment of its 'zero-COVID' policy in December, the economy has sprung back to life — bolstered by fiscal and monetary expansion.
Japan Times
COMMENTARY / World
Mar 22, 2023

What do America’s spies really think about China?

While U.S. spy agencies focus on China’s military, economic and technological capabilities, they omit too much when it comes to the country’s domestic political challenges.
Japan Times
BUSINESS
Mar 14, 2023

Regional U.S. banks slammed by fear of a broader financial crisis

Across the U.S., banks of various sizes are battling market turmoil as customers rushed to withdraw their deposits and investors, worried about more bank runs, dumped bank stocks.
Japan Times
COMMENTARY / World
Mar 5, 2023

China’s big dilemma: What to do about an aging nation

Chinese policymakers must somehow implement policies to reduce the cost of raising children without crashing the economy.

Longform

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