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BUSINESS
Aug 3, 2006

Obituary: Masao Nishimura

Former Industrial Bank of Japan President Masao Nishimura, one of the architects of the Mizuho megabank group, died of heart failure Tuesday at a Tokyo hospital, his family has announced. He was 73.
BUSINESS
Aug 3, 2006

Tepco may sell ISP Fusion to Usen

Tokyo Electric Power Co. is studying a plan to sell off subsidiary Fusion Communications Corp., an Internet protocol telephony service company, to major cable music broadcaster Usen Corp., sources said Wednesday.
BUSINESS
Aug 2, 2006

Tobacco tax revenues rose 26% in June

Tobacco tax revenue rose 26.4 percent in June from the same month a year ago to 82.33 billion yen on higher demand for imported brands ahead of the July 1 tobacco tax increase, the Finance Ministry said Tuesday.
BUSINESS
Aug 1, 2006

Flash-memory sales fuel turnaround for Toshiba

Toshiba Corp. on Monday posted a group net profit of 4.0 billion yen for the April-June period, improving from a group net loss of 8.9 billion yen the previous year thanks to brisk sales in flash-memory products.
LIFE / Lifestyle
Aug 1, 2006

Parting is such sweet sorrow: and sometimes amusement

Job-hopping is on the rise in Japan as more and more companies bid farewell to the lifetime employment system. But some managers are still so unprepared for the departure of a subordinate that they often behave irrationally -- sometimes to the point of being downright silly.
BUSINESS
Aug 1, 2006

Mizuho group profit surges 33%

Mizuho Financial Group Inc. said Monday its group net profit in the three months ended June 30 soared 33.2 percent from a year earlier to 230.84 billion yen, due mainly to a 43.3 billion yen fall in tax-related expenses.
JAPAN
Jul 30, 2006

Japan Post firms plan expansion after privatization

The bank and the insurance company to be created through postal privatization next year will try to expand their operations to match those of their private-sector rivals, informed sources have said.
CULTURE / Books
Jul 30, 2006

Working for and beyond the call of hospitality

WELCOME TO SAWANOYA, Welcome to Japan, by Isao Sawa. Omega-Com Inc., 2006, 203 pp., 1,200 yen (paper). It seems at times as if, by common consent for the other's altering tastes, that East and West are exchanging positions. The West's love of the subtle side and back lighting, in the spirit of Junichiro...
JAPAN
Jul 30, 2006

Tokyo U. to start finance department

The University of Tokyo has announced it will establish a finance department within the Faculty of Economics when the new academic year starts in April.
BUSINESS
Jul 29, 2006

Marubeni to acquire IRCJ's Daiei stake

Marubeni Corp. said Friday it will acquire the Industrial Revitalization Corp. of Japan's entire stake in struggling retailer Daiei Inc. for 69.8 billion yen.
JAPAN
Jul 29, 2006

NHK faces new embezzlement case

NHK Service Center Inc. said it fired an employee Friday for misappropriating operational funds intended for an international figure skating competition.
BUSINESS
Jul 29, 2006

DoCoMo quarterly profit declines

NTT DoCoMo Inc. said Friday its group net profit in the April-June quarter dropped 21.3 percent from the previous year to 163.51 billion yen as an operating profit fall in its cellular phone division coincided with a loss expansion in other divisions.
JAPAN
Jul 28, 2006

Tokyo school to get nationalists' civics text

The Tokyo metropolitan board of education said Thursday it will put a junior high school civics textbook authored by nationalists in one of its schools in the next academic year, metro officials said.
JAPAN
Jul 27, 2006

TBS probed on Abe shot in show

The government is investigating a TV program by Tokyo Broadcasting System Inc. on the wartime Japanese germ warfare unit because it includes footage in which a photo of Chief Cabinet Secretary Shinzo Abe appears in the background, in a storeroom, officials said Wednesday.
JAPAN
Jul 27, 2006

Online trading was hobby of Nikkei ad man

A Nihon Keizai Shimbun Inc. employee fired Tuesday after his arrest on suspicion of insider trading has told investigators that stock trading was his hobby and that he placed Internet orders from home and work -- sometimes at a rate of 100 or more per day -- sources said Wednesday.
JAPAN
Jul 27, 2006

Ethanol latest bid to boost Okinawa

OSAKA -- In May, Prime Minister Junichiro Koizumi met with Defense Agency chief Fukushiro Nukaga and trade minister Toshihiro Nikai to discuss Okinawa's future.
JAPAN
Jul 26, 2006

Nikkei staffer held for illicit trades

Prosecutors arrested an employee of Nihon Keizai Shimbun Inc. on Tuesday afternoon on suspicion of insider trading, investigative sources said.
JAPAN
Jul 25, 2006

Oji Paper's bid for Hokuetsu rejected for Mitsubishi tieup

Hokuetsu Paper Mills Ltd., Japan's sixth-largest paper firm, rejected a takeover bid Monday by Oji Paper Co., the country's No. 1 paper producer, sticking to its planned capital and business tieup with trading house Mitsubishi Corp.
BUSINESS
Jul 24, 2006

Oji Paper to launch hostile takeover bid for competitor

Oji Paper Co., the nation's leading paper producer, said Sunday it aims to make Hokuetsu Paper Mills Ltd. a wholly owned subsidiary through a takeover bid beginning in mid-August.
JAPAN
Jul 23, 2006

Marubeni to buy IRCJ stake in Daiei within week

Trading house Marubeni Corp. will lead Daiei Inc.'s rehabilitation by acquiring a 33.4 percent stake in the struggling retailer now held by Industrial Revitalization Corp. of Japan, sources said Saturday.
BUSINESS
Jul 22, 2006

Yahoo has record quarterly profit on strong ad sales

Yahoo Japan Corp. said Friday its group net profit hit a record 13.2 billion yen, up 28.1 percent, on sales of 49.3 billion yen in the April-June quarter thanks to strong advertising sales.
BUSINESS
Jul 21, 2006

Japan Post, JR East eye cash card with Suica functions

Japan Post is talking with East Japan Railway Co. about a plan to issue a cash card with the electronic money and prepaid train ticket functions of JR East's Suica smart card, it was learned Thursday.
Japan Times
LIFE / Travel
Jul 21, 2006

Waving goodbye to the city

The sound of waves lapping on the shore. The cool sea breeze. Beautiful people wearing very few clothes. Overdressed cocktails. What better way could there be to while away a hot summer's day than a beach-bar crawl along Shonan Bay?
Japan Times
LIFE / WEEK 3
Jul 16, 2006

Dental 'charm school' puts bite on competition

The Omori Group is a booming dentistry franchise company that doubled its sales to 1.07 billion yen last year and now aims to double them again to 2 billion yen this year.
JAPAN
Jul 15, 2006

Bridge bid-riggers face fines, prison

Prosecutors on Friday asked the Tokyo High Court to fine 23 bridge builders and imprison eight former senior officials accused of rigging bids for bridge construction projects financed by the now-defunct Japan Highway Public Corp. and by the Land, Infrastructure and Transport Ministry.

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