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BUSINESS
Aug 22, 2006

Japanese, U.S. firms tie up on phone parts

NEC Corp., Matsushita Electric Industrial Co. and Texas Instruments Inc. said Monday they have set up a joint venture in Yokosuka, Kanagawa Prefecture, to develop key cell phone components.
BUSINESS
Aug 19, 2006

Yahoo Japan to help bidders burned by jewelry firm's failure

Yahoo Japan Corp. said Friday it will compensate customers who successfully bid for products auctioned by an Osaka-based jewelry firm that has filed for bankruptcy.
BUSINESS
Aug 19, 2006

Futata snubs Aoki bid, backs Konaka buyout

Menswear retailer Futata Co. said Friday it will accept Konaka Co.'s offer to make it a wholly owned subsidiary, rejecting menswear rival Aoki Holding Inc.'s proposal.
BUSINESS
Aug 18, 2006

Insurers scour the streets to fill female sales ranks

A couple approach a young woman on a Tokyo street and ask her if she is interested in pursuing a new career.
Japan Times
JAPAN
Aug 16, 2006

Tax hike gets people to stub out for good

Miho Shimada has seen the difference 1 yen can make.
BUSINESS
Aug 16, 2006

Writer sues to be Nikkei shareholder

Novelist Ryo Takasugi has filed a lawsuit against Nihon Keizai Shimbun Inc., demanding the newspaper publisher allow him to hold shares in the firm after it had refused to do so and branded him an "outsider," his lawyers said.
Japan Times
BUSINESS
Aug 16, 2006

Firms find niche market turning office towers into dwellings

From the outside, the apartment building Kenny Sumitani recently moved into looks exactly like an office high-rise.
EDITORIALS
Aug 12, 2006

Japan Post Corp.'s sketchy road map

Japan Post Corp.'s 10-year road map for postal service privatization is ambitious. If things develop as the road map envisages, a mega-bank and a mega-life insurance firm will be established, possibly creating competition problems for existing private banks and insurance firms. But the road map appears...
BUSINESS
Aug 12, 2006

GDP grows at lower than expected 0.2% in quarter

Japan's economy is on the road to a sane recovery at a slower than expected 0.8 percent annualized rate seen in the April-June period, the Cabinet Office said Friday.
BUSINESS
Aug 12, 2006

Consumers loosen purse strings, splurge on glitzy electronic goods

Japanese home electronics and appliance manufacturers are churning out expensive, high-grade products to take advantage of the growing number of free-spending consumers.
BUSINESS
Aug 11, 2006

BOJ gets leeway as Fed pauses interest rate hikes: economist

The U.S. Federal Reserve's decision to pause rather than end its drive to raise interest rates has taken some of the pressure off the Bank of Japan, which is planning rate hikes of its own, according to analysts.
Japan Times
JAPAN
Aug 10, 2006

Abe tries to establish economic credentials

SAITAMA -- Yukinori Takahashi, 51, waited nervously with five other entrepreneurs in a spacious room at the business startup support center in Saitama Prefecture.
BUSINESS
Aug 10, 2006

Hokuetsu chief offers talks to Nippon Paper

The president of Hokuetsu Paper Mills Ltd., the target of an unprecedented hostile takeover bid by Oji Paper Co., said Wednesday it is ready to negotiate with Nippon Paper Group Inc. about forming a business alliance.
Japan Times
BUSINESS
Aug 10, 2006

First U.S. beef since ban goes on sale at Costco

U.S. beef went on sale Wednesday for the first time since the lifting of a ban imposed in January over mad cow disease, officials from the stores selling the meat said.
BUSINESS
Aug 10, 2006

Inpex books 25.76 billion yen profit

Inpex Holdings Inc. said Wednesday it booked a 25.76 billion yen group net profit in the April-June quarter in the first earnings report it has released since it was formed in April by the merger of Inpex Corp. and Teikoku Oil Co.
Japan Times
BUSINESS
Aug 9, 2006

Honda sets up U.S. unit for jet sales

Honda Motor Co. has set up a subsidiary in the United States to oversee the sales promotion, production and further development of its small jet, the automaker said Tuesday.
BUSINESS
Aug 9, 2006

Softbank rings up profit thanks to Vodafone deal

Softbank Corp. said Tuesday that group sales surged 91.1 percent year on year to 494.2 billion yen in the first quarter of 2006, with nearly half its revenue coming from new mobile phone subsidiary Vodafone K.K.
BUSINESS
Aug 9, 2006

Konaka snubs tender offer by Aoki for its Futata stake

Konaka Co., Japan's fourth-largest menswear chain, said Tuesday it will not sell its stake in Futata Co. to Aoki Holdings Inc., No. 2 in the industry, which is trying to take over the smaller firm.
Japan Times
BUSINESS
Aug 8, 2006

Japan receives first batch of U.S. beef

The first shipment of U.S. beef since Japan reimposed a ban in January over fears of mad cow disease arrived Monday at Narita airport.
BUSINESS
Aug 8, 2006

Hokuetsu issues new shares to Mitsubishi

Hokuetsu Paper Mills Ltd., the target of a hostile takeover bid by industry leader Oji Paper Co., said Monday it has completed its planned new share issuance worth about 30 billion yen to major trading house Mitsubishi Corp.
BUSINESS
Aug 5, 2006

Mizuho in trouble over 'fixed' loans

Mizuho Bank tried to sell fixed low-interest housing loans without telling customers that there was a possibility the interest rate could actually rise before they got them, sources said Thursday.
BUSINESS
Aug 5, 2006

Namco Bandai gives up Zapf bid

Namco Bandai Holdings Inc. said Friday its tender offer bid to buy more than 75 percent of German toy maker Zapf Creation AG's outstanding shares was unsuccessful because the number of shares offered by current stockholders was far below its target.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past