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BUSINESS
Jun 12, 2004

Ashikaga Bank plans to cut 15% of workforce

Ashikaga Bank, now under temporary state control, said Friday it will eliminate 15 percent of its workforce by the end of fiscal 2006 as part of its new business improvement program.
BUSINESS
Jun 2, 2004

Kanebo urged to get its act together

Economy, Trade and Industry Minister Shoichi Nakagawa on Tuesday urged Kanebo Ltd., which will be rehabilitated by the government-backed Industrial Revitalization Corp. of Japan, to stand on its own as soon as possible.
Japan Times
JAPAN
Apr 23, 2004

Ohta quizzed over ties with arrested meat exec

OSAKA -- The arrest of Mitsuru Asada, vice chairman of the Osaka Prefecture Meat Cooperative Association, has sent shock waves through Osaka's political community and has put Osaka Gov. Fusae Ohta, who admits having met Asada on several occasions, on the defensive.
BUSINESS
Jan 21, 2004

BOJ panel agrees to ease monetary grip

The Bank of Japan's policy-setting panel said Tuesday it will further ease its monetary grip.
BUSINESS
Dec 17, 2003

New Ashikaga Bank president named

Norito Ikeda, former chief personnel officer of the Bank of Yokohama, became on Tuesday the new president of the recently nationalized Ashikaga Bank.
JAPAN
Dec 1, 2003

Tochigi tries to pick up the pieces

UTSUNOMIYA, Tochigi Pref. -- One sleepless night after the government's decision to nationalize Ashikaga Bank, senior executives at manufacturer Rheon Automatic Machinery Co. held an emergency meeting Sunday at its headquarters to assess the damage.
BUSINESS
Nov 15, 2003

Ishihara eyes bank purchase

The Tokyo Metropolitan Government is in talks with Paribas International SA over the purchase of the French financial group's Japanese trust bank, Gov. Shintaro Ishihara announced Friday.
BUSINESS
Nov 13, 2003

Marubeni to raise cash via preferred share issue

Struggling trading house Marubeni Corp. said Wednesday it will raise 75.5 billion yen by issuing preferred shares through third-party allotment mainly to financial institutions.
EDITORIALS
Sep 23, 2003

Mr. Koizumi gets down to business

Prime Minister Junichiro Koizumi reshuffled his Cabinet Monday after his victory in Saturday's Liberal Democratic Party presidential election. The new Cabinet demonstrates the prime minister's determination to push his mandate without being swayed by forces that oppose his policy line.
Japan Times
JAPAN
Sep 9, 2003

Campaigning under way in LDP presidential race

Campaigning for the Sept. 20 Liberal Democratic Party presidential election officially kicked off Monday.
Japan Times
BUSINESS
Jun 27, 2003

AIG seeks 'organic' growth in insurance industry

The tortoise, and not the hare, is more comfortable in the climate of Japan's life insurance sector.
BUSINESS
Jun 12, 2003

BOJ poised to purchase ABS worth 1 trillion yen

The Bank of Japan decided Wednesday to start a multiyear program by late July to buy asset-backed securities worth up to 1 trillion yen to make it easier for small and medium-size companies to raise funds.
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.
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.
The United States imposes 15% 'reciprocal' tariff on most Japanese goods
U.S. President Donald Trump speaks at the White House on Wednesday.
U.S. backtracks on Japan tariff calculation, taking effective rate lower
Ryosei Akazawa, Japan's chief tariff negotiator, said the U.S. made a clerical error in not including a “reciprocal” tariff rate ceiling for Japan in the trade deal.
How Pakistan shot down India's cutting-edge fighter using Chinese gear
An Indian Air Force pilot gets out of a Rafale fighter jet during its induction ceremony at an air force station in Ambala, India, September 2020.
Biggest drop in Japanese nationals seen alongside record high in foreign residents
A street in Tokyo's Shinjuku district on Wednesday
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.
Will the movement seeking Ishiba’s resignation succeed?
Liberal Democratic Party youth division head Yasutaka Nakasone (center) and other members speak to reporters in Tokyo on July 25.
Photographer Bleg Bayraktar is winning social media with politeness
A video on Bayraktar's Instagram account of the Belgian photographer approaching an elderly worker in Tokyo's Shibuya has gone viral, garnering almost 9 million views.

Podcast

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