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August 12, 2025
 

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BUSINESS
May 31, 2001

Kumagai Gumi stays in red despite loans being forgiven

Struggling construction firm Kumagai Gumi Co. said Wednesday it remained in the red for the year ended March 31, with a group net loss of 2.65 billion yen after the previous year's loss of 4.62 billion yen.
BUSINESS
May 30, 2001

Viagra rival cleared for Europe

OSAKA -- The European Commission has approved sale of a new drug developed by Takeda Chemical Industries Ltd. for treating erectile dysfunction.
COMMENTARY
May 28, 2001

A sham antismoking program

On May 31, World No-Tobacco Day as designated by the World Health Organization, a variety of commemorative meetings are scheduled to be held in Tokyo, Shiga Prefecture and other places under the sponsorship of the Health, Labor and Welfare Ministry. WHO's slogan is: Secondhand Smoke Kills. Let's Clear...
BUSINESS
May 28, 2001

A successful model for privatizing Japan's special-purpose entities

In revitalizing the Japanese economy with Prime Minister Junichiro Koizumi at the helm, Japan should look to France as a model for privatizing its special-purpose entities in light of years of debate and analysis that have resulted in little action.
BUSINESS
May 25, 2001

Four new execs for Japan Telecom

Japan Telecom Co. announced Thursday that four executives from Vodafone Group PLC of Britain will be members of its board, which is expected to be approved at the shareholders meeting June 28.
BUSINESS
May 25, 2001

Domestic sales rise at Toyota, Nissan, Honda

Three of Japan's five major automakers registered domestic sales expansions in April thanks to new models, according to data released Thursday.
BUSINESS
May 24, 2001

Tobishima reports return to profit

Construction firm Tobishima Corp. said Wednesday its group net balance returned to the black in fiscal 2000, mainly due to sales of securities holdings.
JAPAN
May 23, 2001

Loan firms linked to rise in personal bankruptcies

With colorful billboards at train stations, TV commercials showing Brazilian soccer legend Zico or a carefree, successful young woman, major consumer loan firms seem to have shed the shady images that previously haunted them.
BUSINESS
May 23, 2001

JR Tokai net profits jumped 40% in 2000

Central Japan Railway Co. (JR Tokai) said it registered 52.96 billion yen in consolidated net profits for fiscal 2000, up 40.6 percent from the previous year.
JAPAN
May 20, 2001

NTT West may halve its branch offices

NTT West Corp. is considering integrating and consolidating its 30 branch offices to between 10 and 15 in a bid to streamline operations, cut costs and weather intensifying competition, company sources said Saturday.
BUSINESS
May 19, 2001

Honda to develop diesel engines specifically for Europe

Honda Motor Co. said Friday it will develop diesel engines for cars and install them in a new Accord to be launched in Europe in 2003.
BUSINESS
May 19, 2001

Meager gains in premiums precede mergers of insurers

Increased competition saw premium revenue rise only incrementally at Japan's largest property insurance companies, according to fiscal 2000 earnings reports released Friday.
EDITORIALS
May 17, 2001

Hanging up on 3G

Information anytime, anywhere: That is the promise of the IT revolution. The next step in the march toward the networked world was supposed to take place this month, when NTT DoCoMo and British Telecommunications launched the world's first third-generation (3G) cellphone services. We are marching in...
BUSINESS
May 17, 2001

Promise chief invited to share wisdom at Harvard University

Harvard Business School last month invited Hiroki Jinnai, president of major Japanese consumer moneylender Promise Co., to field student questions in a forum on the firm's growth strategy.
BUSINESS
May 14, 2001

NTT launches Internet certification exam

About 25,000 people took a computer test Sunday conducted by NTT Communications Corp. to receive a certificate of qualification in information technology.
BUSINESS
May 13, 2001

Isuzu to slash 10% of total workforce

Isuzu Motors Ltd., the financially beleaguered truck-making affiliate of General Motors Corp., has outlined a reconstruction plan that calls for the abolition of 3,000 jobs -- 10 percent of the Isuzu group's 28,000-strong workforce -- and cutting 30 percent of its output capacity, Isuzu officials said...
JAPAN
May 11, 2001

Sumitomo settles copper trading suit

Sumitomo Corp. said Thursday it will pay an out-of-court settlement of $87.5 million to 51 companies that sued the firm in the United States in October 1999 over unauthorized copper trading by a former employee who is now in prison.
JAPAN
May 11, 2001

Japan Tobacco fined for tax evasion

Japan Tobacco Inc. has been fined 350 million yen in penalty taxes for failing to declare income totaling 900 million yen over fiscal 1997 and fiscal 1998, industry sources said Thursday.
BUSINESS
May 10, 2001

Kawasaki Heavy wins Embraer deal

Kawasaki Heavy Industries Ltd. said Wednesday it has struck a basic agreement with Brazilian aircraft makerEmbraer SA to develop and manufacture the main wings of Embraer's next-generation small jets.
BUSINESS
May 9, 2001

Ministry urges NTT to voluntarily reform

The Ministry of Public Management, Home Affairs, Posts and Telecommunications on Tuesday urged Nippon Telegraph and Telephone Corp. to submit a voluntary business plan to boost competition among NTT group firms, a ministry official said.
BUSINESS
May 9, 2001

DoCoMo to cut phone fees by offering free calls

NTT DoCoMo Inc. will effectively cut its monthly mobile phone fees by adding free calls worth up to 400 yen starting in June, company officials said Tuesday.
BUSINESS
May 8, 2001

Electric Power Development eyes 25% cut to workforce

Electric Power Development Co. on Monday released a management plan for fiscal 2001-2005 that calls for a 25 percent cut in its workforce.
BUSINESS
May 8, 2001

Sumitomo Life selects new president

Sumitomo Life Insurance Co. said Monday it will promote Vice President Shinichi Yokoyama, 58, to president.
BUSINESS
Apr 28, 2001

Nomura profits up; Nikko, Daiwa suffered in 2000

Nomura Securities Co. on Friday reported strong earnings for fiscal 2000, while Nikko Securities Co. and Daiwa Securities Group Inc. suffered setbacks.
Millions told to evacuate as heavy rain sparks flooding and landslides in Kyushu
Heavy rain falls in the city of Kumamoto on Monday morning.
Osaka Expo highlights the challenge of holding events in Japan's scorching summer
People huddle near a large fan blowing icy-cold mist at the Osaka Expo on July 12. Amid Japan's relentless summer heat, organizes have put myriad measures in place in order to keep guests safe.
Chinese vessels collide while pursuing Philippine boat in South China Sea
This handout video grab released and taken on August 11, 2025 by the Philippine Coast Guard shows an incident between a Chinese Navy vessel (left) and a Chinese Coast Guard ship as seen from a Philippine fisheries boat near Scarborough Shoal in the disputed South China Sea.
Weather agency warns of landslides and flooding in Kyushu as heavy rain continues
An embankment on the Amikake River that collapsed due to heavy rain in Aira, Kagoshima Prefecture, on Friday. Downpours continued in the Kyushu region over the weekend.
Tokyo’s WWII museums hold diverse views on war and peace
A carrier-based Type 52 Zero fighter marks the entrance foyer of Yasukuni Shrine's Yushukan, a museum that tells a more nuanced story of Japan's experience in World War II than the controversies around the shrine might suggest.
Osaka Expo highlights the challenge of holding events in Japan's scorching summer
People huddle near a large fan blowing icy-cold mist at the Osaka Expo on July 12. Amid Japan's relentless summer heat, organizes have put myriad measures in place in order to keep guests safe.
At Himawari Shokudo 2, Italian food with a Japanese soul
At Himawari Shokudo 2, chef Hozumi Tanaka serves Italian-inspired fare with a focus on Toyama produce, such as this appetizer of lightly blanched "hotaru ika" (firefly squid) served atop mixed wild plants and a crepe prepared from "yamato-imo" yam.
Cheer with caution: Expert advises sports fans have game plan for extreme heat
A Cardinals fan fans himself during the seventh inning of a game against the Pirates in St. Louis, Missouri, in June 2022.
Australia's warship selection signals Japanese defense industry's arrival
The Maritime Self-Defense Force's Mogami-class frigate. Australia's selection of an upgraded version of the Mogami-class warship for its next frigate class could prove to be a watershed moment for Japan’s defense industry.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.

Podcast

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

Longform

Koichi Tagawa’s diary entry from Aug. 9, 1945, describes the day of the atomic bombing of Nagasaki.
The horrors of Nagasaki, in first person
By Naoko Abe

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