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BUSINESS
Jan 27, 2006

UFJ Nicos merges with DC Card

UFJ Nicos Co. and DC Card Co. said Thursday they will merge on April 1, 2007, into Japan's second-largest credit card firm with a combined 32 million members.
BUSINESS
Jan 27, 2006

Individual investors frazzled in wake of 'Livedoor shock'

Yoshikazu Tsugiyama is devastated that his Livedoor shares have nosedived.
BUSINESS
Jan 26, 2006

Itochu to invest in Seibu Holdings

Itochu Corp. will invest about 2 billion yen for a 0.64 percent stake in a planned holding company for the Seibu Railway group, Itochu officials said Wednesday.
JAPAN
Jan 25, 2006

Horie involved in buyouts, execs now say

Livedoor Co. executives, including Ryoji Miyauchi, the Internet company's No. 2 man, have reversed themselves and are now telling prosecutors that President Takafumi Horie was involved in corporate takeovers currently under scrutiny, investigative sources said Tuesday.
JAPAN
Jan 25, 2006

Pyongyang may hold secret info on missiles

Confidential data on a Defense Agency surface-to-air missile system may have been leaked to a group affiliated with the pro-Pyongyang General Association of Korean Residents in Japan (Chongryun) in 1995, the Defense Agency said Tuesday.
BUSINESS
Jan 24, 2006

Japan Post stock firm starts business

A new joint stock company set up by Japan Post began operations Monday in the leadup to privatization, which is scheduled to begin in October 2007.
JAPAN
Jan 23, 2006

Livedoor's Horie uses blog to deny wrongdoing

Livedoor Co. President Takafumi Horie, at the center of a high-profile probe over alleged securities law violations and financial statement falsifications, denied on his Internet blog Sunday involvement in any wrongdoing.
JAPAN
Jan 22, 2006

Japan to lodge protest over shoddy U.S. beef inspection

Top government officials said Saturday they would lodge protests with the United States after it was found that lack of knowledge on the part of an inspector allowed a banned material that poses a risk of mad cow disease to be included in a shipment of beef to Japan.
CULTURE / Books / THE ASIAN BOOKSHELF
Jan 22, 2006

When notoriety helps sell books

TOPPAMONO: Outlaw. Radical. Suspect. My Life in Japan's Underworld, by Manabu Miyazaki. Tokyo: Kotan Publishing, 2005, 460 pp., $26.95 (cloth). THE APPRENTICE by Lewis Libby. New York: St. Martin's Griffin, St. Martin edition, 2005, 265 pp., $12.95 (paper). Japan's student movement ended with a whimper...
BUSINESS
Jan 21, 2006

Mizuho brass take hit for trade error

Mizuho Financial Group Inc. announced Friday that it will cut the pay of top executives over the trading blunder committed by Mizuho Securities Co.
BUSINESS
Jan 21, 2006

Exec promotions in limbo amid Livedoor probe

The ongoing probe into the Livedoor group cast shadows Friday on executive appointments at three of its firms.
JAPAN
Jan 20, 2006

Diet hears Soken deny knowing of fraud in '04

General Management Consultant (Soken) executive and chief consultant Takeshi Shikasho on Thursday told the Diet, but not under oath, that he was never informed in 2004 about the building safety fraud centering on disgraced architect Hidetsugu Aneha, although the whistle-blower to the scam claims otherwise....
BUSINESS
Jan 20, 2006

Yamato loses suit over Japan Post ties with Lawson

Yamato Transport Co. lost a court battle Thursday against Japan Post over the public corporation's allegedly unfair tieup with convenience store chain Lawson Inc.
JAPAN
Jan 20, 2006

Prosecutors set to grill Livedoor execs

Prosecutors are poised to question top executives of Livedoor Co., including President Takafumi Horie, over alleged fraudulent practices apparently designed to expand the firm's business, investigative sources said Thursday.
JAPAN
Jan 18, 2006

Huser boss clams up before the Diet

Huser Ltd. President Susumu Ojima refused to answer most questions under oath Tuesday before a Diet committee in connection with the nationwide building safety scam in which his condominium development firm is a key player.
BUSINESS
Jan 18, 2006

Livedoor raid stirs up fear of Net stocks

The Nikkei stock average fell below the 16,000 line Tuesday as worried investors sold off Internet stocks amid the dust kicked up by prosecutors' search of Livedoor Co. over suspected securities law violations.
JAPAN
Jan 17, 2006

Cell phone, credit card linkup to exploit 60 trillion yen market

Using cell phones with credit card functions to make purchases is expected to be a big thing this year as major credit card firms scramble to get shops and stores to accept such payments.
BUSINESS
Jan 17, 2006

Kao exec to head Kanebo Cosmetics

Kao Corp. said Monday that Toshio Takayama, president of Kao Hanbai Co., will become chairman of Kanebo Cosmetics Inc., which Kao is due to acquire from the Industrial Revitalization Corp. of Japan later this month.
JAPAN
Jan 17, 2006

Huser sold condos knowing their safety was in doubt

The president of Huser Ltd. admitted Monday that the condominium developer concluded sales contracts and handed over units even after being told in late October that the quake-resistance data for its buildings had been falsified, leaving their structural integrity in doubt.
BUSINESS
Jan 14, 2006

Price slide chips at Elpida earnings

Computer chip maker Elpida Memory Inc. slashed its earnings forecasts for the October-December quarter Friday, blaming a faster-than-expected slide in memory-chip prices.
JAPAN
Jan 12, 2006

Man arrested over sex with minor

An employee of Nihon Keizai Shimbun Inc. was arrested Wednesday on suspicion of having had sex with a 15-year-old junior high school girl after paying her 50,000 yen a year ago, police said.
BUSINESS
Jan 12, 2006

Sharp to invest 275 billion yen

Sharp plans to invest 275 billion yen next fiscal year to maintain its top spot in the liquid crystal display TV market, President Katsuhiko Machida said Wednesday.

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