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LIFE
Dec 31, 2006

Timeline points to ways ahead

The following are extracts from the mirai nenpyo (future timeline) database prepared by the team led by Masataka Yoshikawa, research director of the Institute of Life and Living at Hakuhodo Inc., Japan's second-largest advertising agency. By collecting vast amounts of published information spanning many...
EDITORIALS
Dec 29, 2006

Loose ends in fabrication scandal

Punishment at last has been meted out to now-disqualified structural designer Hidetsugu Aneha, the main player in the earthquake-resistance data-fabrication scandal that surfaced in November 2005. The Tokyo District Court Tuesday sentenced him to five years in prison, coupled with a 1.8 million yen fine,...
BUSINESS
Dec 29, 2006

Nikko Cordial delays revision of '04 report

Scandal-tainted Nikko Cordial Corp. said Thursday the release of its corrected group earnings report for fiscal 2004 will be delayed until Feb. 28 because it has changed auditors.
BUSINESS
Dec 29, 2006

Outline of the 'J-SOX' financial rules

As the implementation of "J-SOX" -- Japan's version of the U.S. Sarbanes-Oxley Act -- draws closer, companies are working to establish internal controls to ensure accurate financial reporting.
Japan Times
BUSINESS
Dec 28, 2006

Murakami's influence will linger

Yoshiaki Murakami's arrest was one of the biggest financial scandals of 2006, but the nation's best-known shareholder activist has played a pivotal role in persuading Japanese managers to be more attentive to shareholder interests, according to Marc Goldstein, head of Institutional Shareholder Services...
JAPAN
Dec 27, 2006

Aneha handed five years

The Tokyo District Court sentenced architect Hidetsugu Aneha to five years in prison Tuesday and fined him 1.8 million yen for fabricating earthquake-resistance data on six condominiums and hotels.
JAPAN
Dec 25, 2006

Budget gets Cabinet's OK despite failing to address future social needs

The Cabinet on Sunday approved a 82.91 trillion yen budget for fiscal 2007 that could help the government achieve the so-called primary balance -- a key benchmark of fiscal soundness -- earlier than its target of 2011, but experts say policy steps planned for next year will leave the ballooning social...
Japan Times
Events / Events Outside Tokyo
Dec 22, 2006

A bluebird for the kids, and a dark Cinderella

For this winter vacation season, theater company EN presents a new, original play for children, "Aoitori Kotori Nazenaze Aoi? (Bluebird, Why are you Blue?)," at Theater X in Ryogoku, continuing a tradition of appealing to young theatergoers since it began in 1981
BUSINESS / CONSUMER LOAN CRACKDOWN
Dec 14, 2006

Lending legislation reforms spell industry shakeout

It was early last month at moneylender Aiful Corp.'s midterm earnings news conference, and the mood at the Tokyo venue was grim.
EDITORIALS
Dec 12, 2006

Take the money and run

Nearly 20 offices, including the head office, of Kinmirai Tsushin Inc., an Internet protocol telephony service provider, have been searched following allegations that it lured and defrauded investors with talk of new technology and lucrative returns.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami