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June 10, 2025
 

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Japan Times
BUSINESS
Jun 12, 2003

Ex-Resona chief blames auditors

Had auditors informed banking group Resona Holdings Inc. by March of critical changes in auditing standards, next month's infusion of 1.96 trillion yen in public funds could have been avoided, former Resona Holdings President Yasuhisa Katsuta told the Diet on Wednesday.
Japan Times
BUSINESS
May 31, 2003

Resona applies for 1.96 trillion yen

Resona Holdings Inc. formally applied Friday for an injection of 1.96 trillion yen in public funds and presented a restructuring program to the government that featured cuts in personnel and expenses as a condition for the bailout.
Japan Times
BUSINESS
May 27, 2003

Banks remain in the red for second straight year

Japan's seven major banking groups stayed mired squarely in the red for the second year in a row, spending more than 5 trillion yen to dispose of bad loans and shouldering over 3 trillion yen in stock-related losses for the 12 months ended March, business results confirmed Monday.
JAPAN / Media / MEDIA MIX
May 11, 2003

Bailing the banks while letting the debtors die

Reportedly, the Health, Labor and Welfare Ministry has decided to address suicide, which has becomes something of an epidemic over the past decade as the economy continues its skid into the void.
EDITORIALS
Apr 4, 2003

Diet turbulence likely in second half

As the Diet moves into the second half of its 150-day regular session, Prime Minister Junichiro Koizumi's administration appears headed for more difficult times, politically and economically. The first half ended without a major hitch. The fiscal 2003 government budget -- the most important legislative...
BUSINESS
Mar 21, 2003

Economy is at mercy of conflict in Iraq

Financial markets in Japan, well prepared for the U.S.-led attack on Iraq, bounced back quickly Thursday after the onset of war. But some experts warned that the nation's fragile economy may be headed for tragedy.
BUSINESS
Mar 14, 2003

Government to create Cabinet-BOJ council

The government will soon form a council consisting of the Bank of Japan governor and Cabinet ministers to devise measures to stave off a financial crisis, the government's top spokesman said Thursday.
BUSINESS
Jan 18, 2003

Hazama to split into building, real estate companies Oct. 1

Struggling contractor Hazama Corp. released on Friday a three-year reconstruction plan under which it will split itself into two firms, while its president expressed a willingness to conduct management integration with other unspecified builders.
BUSINESS
Jan 10, 2003

Aozora chief angry over allegation

Aozora Bank confirmed a media report Thursday that it provided customer information to U.S. investment fund Cerberus Group, one of its top shareholders, on request between January and February 2002.
Japan Times
COMMUNITY
Dec 8, 2002

Cashing in far away

Akihisa Fujita has always been a night owl. The 32-year-old former bartender spent much of his 20s serving drinks at high-end establishments in Tokyo's Ginza and Yoyogi-Uehara districts, all the while dreaming of owning his own.
Japan Times
JAPAN
Nov 8, 2002

Official tasked with reviving ailing industry

The government on Thursday said National Public Safety Commission Chairman Sadakazu Tanigaki will assume a new ministerial post in charge of revitalizing the nation's sluggish industrial sector.
BUSINESS
Sep 20, 2002

Koizumi backs BOJ bad-loan disposal measures

Prime Minister Junichiro Koizumi said Thursday the government will take every possible measure in cooperation with the Bank of Japan to accelerate the disposal of nonperforming loans and prevent a financial crisis.
Japan Times
JAPAN / THE OKINAWA FACTOR
Sep 13, 2002

Okinawa's free-trade zones failing to attract companies

GUSHIKAWA, Okinawa Pref. -- The Acrorad Co. factory in Okinawa's Nakagusuku Free Trade Zone looks out on more than 100 hectares of empty lots.
JAPAN
Sep 10, 2002

Coalition proposes new stimulus plan

The ruling coalition parties proposed Monday a set of economic stimulus measures that includes the government purchase of exchange-traded funds, a type of investment trust that invests in shares, and the reinforcement of the government's bad-loan buyback function.
BUSINESS
Sep 4, 2002

Stocks sink to levels last seen in '80s

Tokyo stocks tumbled Tuesday on broad-sector selling by speculative investors, sending the benchmark indexes on the Tokyo Stock Exchange to levels last seen in the early 1980s.
ENVIRONMENT
Aug 25, 2002

Your planet needs you!

From the depths of our oceans to our atmosphere's ozone layer, there is little doubt that the global environment is taking a beating. Even so, most of us are still waiting for someone else to take action, which is why the United Nations World Summit on Sustainable Development starting this week in Johannesburg,...
BUSINESS
Aug 14, 2002

Protection of deposits should be minimal: BOJ

Bank of Japan Gov. Masaru Hayami said again Tuesday that the protection of bank deposits should be kept to a minimum to uphold moral standards within the banking industry.
BUSINESS
Aug 13, 2002

Chogin credit unions launched

OSAKA -- Business began Monday at three credit unions created to take over the banking operations of the failed Chogin Kinki Credit Union, which mainly served pro-Pyongyang Koreans in Japan, after officials at the lender were arrested for allegedly sending public money it received to North Korea.
BUSINESS
Apr 24, 2002

Yanagisawa seeks reports from 'chogin'

Financial Services Minister Hakuo Yanagisawa said Tuesday he is seeking reports from four pro-Pyongyang credit unions to be created to take over six failed ones, on their relations with the pro-Pyongyang General Association of Korean Residents in Japan (Chongryon).
Japan Times
BUSINESS
Apr 10, 2002

Mizuho president apologizes to Diet

Terunobu Maeda, president of Mizuho Holdings Inc., told the Diet on Tuesday that the banking group acknowledges its grave responsibility for computer glitches that have led to depositors being double billed and ATMs malfunctioning.
BUSINESS
Mar 6, 2002

Second antideflation plan on way

The government will try to release a second antideflation policy package by the end of this month, Finance Minister Masajuro Shiokawa said Tuesday.
BUSINESS
Feb 7, 2002

G7 to pour wrath on Japan's economy, yen dive

With the economy already wobbling, Japan may find itself on the ropes when finance chiefs from the Group of Seven major economic powers gather this week in Ottawa.
COMMUNITY
Jan 6, 2002

Life in the new year: Que sera sera

What joys and sorrows will the coming year bring for Japan? Fast forward to Jan. 1, 2003, apply tongue firmly to cheek and enjoy the benefit of hindsight by reading the alternative futures contained in the 2002 diaries of long-suffering Tokyo banker Gamansuruzo Nostrodoomus, and go-getting Kansai career...
BUSINESS
Dec 27, 2001

Argentina debt default to hit Japanese investors

Japanese investors are set to suffer losses on part of the 191.5 billion yen worth of yen-denominated "samurai" bonds issued by the Argentine government due to its declaration of a default on its $132 billion debt, according to industry officials.
BUSINESS
Oct 17, 2001

Ashikaga head to quit as losses mount

The president of Ashikaga Bank, a Tochigi-based regional bank, said Tuesday he intends to resign next year to take responsibility for projected heavy losses.
BUSINESS
Sep 13, 2001

Fear, shock push Nikkei below 10,000

Tokyo stocks fell sharply Wednesday, as shock and fear pushed the benchmark Nikkei average of 225 leading stocks below the psychologically sensitive 10,000 mark for the first time in 17 years, closing at 9,610.10.
JAPAN / Media / MEDIA MIX
Aug 12, 2001

'Model' family vs. maternal love: a nation judges

Last week, the Japan Office of the Nevada Center for Reproductive Medicine announced that a 60-year-old Japanese woman gave birth to a healthy baby at Jikei University Hospital in Tokyo. Though the woman's identity and the child's gender were not revealed, the mother released a statement through the...
Explosion at U.S. air base in Okinawa injures four
The Kadena U.S. Air Force Base in Okinawa Prefecture. An emergency call was made at around 11:15 a.m. reporting that a small-scale explosion occurred at a storage depot for unexploded shells.
Japan eyes tougher rules for foreign residents and tax hike for tourists
A tax-free shop in Kyoto in April 2024. Last week, members of a Liberal Democratic Party study group drafted a proposal seeking to scrap the country's tax-free shopping system altogether.
Hakuho vows to grow sumo globally after exiting domestic sports body
Former yokozuna Hakuho gives a news conference to announce his retirement from the Japan Sumo Association and reveal his future plans in Tokyo on Monday.
Victims mourned 17 years after Akihabara indiscriminate attack
A mourner prays for the victims of a stabbing rampage on a street in Tokyo's Akihabara district on the 17th anniversary of the incident on Sunday.
Top banker vows loyalty to DEI at Tokyo Pride Parade as Trump’s pushback rages
Akihiko Ogino, president and CEO of Daiwa Securities Group, says Japan should press ahead with diversity initiatives as he attends the Tokyo Pride parade in the capital's Shibuya area on Sunday.
‘Kokuho’ finds riveting drama on and off the kabuki stage
Lee Sang-il’s "Kokuho" stars Ryo Yoshizawa as an orphan from a yakuza clan who rises through the world of kabuki to become a star performer.
Junto Nakatani remains on collision course with Naoya Inoue after latest win
Junto Nakatani celebrates after defeating Ryosuke Nishida to unify the WBC and IBF bantamweight titles at Ariake Coliseum on Sunday.
At a mountainside shrine, yuzu candy made by imperial decree
Descendents of the original "Gonin Byakushō" families are the only vendors allowed inside the gates of Kotohira Shrine, where they sell "kamiyoame," a golden-hued, yuzu-flavored candy meant for good fortune.
What can Kenji Yanobe’s cosmic cats teach us about humanity?
Kenji Yanobe’s spacesuited cats are the main characters of “Ship’s Cat Island,” the inaugural exhibition at Hyper Museum Hanno in Saitama Prefecture.
From ridicule to redemption: Rice crisis returns Koizumi to the spotlight
Agriculture minister Shinjiro Koizumi speaks to the media as he inspects a warehouse storing stockpiled rice in Kanagawa Prefecture on May 30.

Podcast

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

Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic
By Alex K.T. Martin

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