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BUSINESS
Feb 8, 2005

Nippon Shinpan, UFJ to adopt JCB credit card software

Nippon Shinpan Co. and UFJ Card Co. said Monday they have agreed to adopt JCB's computer software to control key functions in their credit card operations, possibly by the end of fiscal 2008.
BUSINESS
Feb 8, 2005

Takeda to buy U.S. biotech company

Japan's largest drug maker, Takeda Pharmaceutical Co., said Monday it will acquire Syrrx Inc., a privately held California biotechnology company working on treatments for cancer and diabetes.
BUSINESS
Feb 5, 2005

Daiei expects 510 billion yen loss for '04

Struggling retailer Daiei Inc. said Friday it expects to post a net group loss of 510 billion yen in fiscal 2004 due to the acceleration of restructuring.
BUSINESS
Feb 3, 2005

Itochu, Turner to fund cartoons

Itochu Corp. said Wednesday it will start a Japanese animation fund with Turner Broadcasting System Asia Pacific Inc. to produce programs for broadcast in Japan and the United States.
BUSINESS
Jan 29, 2005

CPI declines for the fifth straight year as deflation continues to dog economy

The key gauge of consumer prices in Japan fell 0.1 percent in 2004, marking a fifth straight yearly decline and underscoring that the economy is still beset by deflation, the government said Friday.
BUSINESS
Jan 29, 2005

IRCJ taps Orix to back Daikyo rehab

The government-backed Industrial Revitalization Corp. of Japan has chosen Orix Corp. to sponsor the rehabilitation of struggling condominium builder Daikyo Inc., according to sources.
BUSINESS
Jan 29, 2005

Canon logs record net profit despite snarling competition

Canon Inc. said Friday its net profit for 2004 jumped 25 percent from a year earlier to a record 343.34 billion yen, driven by robust sales of multifunctional copiers, laser printers and digital cameras.
BUSINESS
Jan 26, 2005

Vodafone cuts off users of crime-linked phones

Vodafone K.K. has begun unilaterally terminating services for prepaid mobile phones that have been used in fraudulent billing and other crimes, company officials said Tuesday.
JAPAN
Jan 26, 2005

Get ready, hay fever sufferers

Cedar pollen, a major cause of hay fever, may be prevalent in Japan until mid-May, about a month longer than average, according to weather information provider Weathernews Inc.
BUSINESS
Jan 26, 2005

Nomura posts 32% profit decline

Nomura Holdings Inc. said Tuesday its profit fell 32 percent in the nine months to December due to a slowdown in its bond business and higher costs in its merchant banking operations.
BUSINESS
Jan 25, 2005

Elpida cuts profit forecast due to weakening digital market

Elpida Memory Inc., a major maker of computer memory chips, said Monday it has nearly halved its net profit forecast for the year through March, blaming weak digital camera and DVD recorder sales.
JAPAN
Jan 21, 2005

Group retracts claim that photo shows abductees

A group investigating abductions of Japanese nationals by North Korea has retracted its claim that two people shown in a photograph carried by a North Korean defector are two missing Japanese nationals.
JAPAN
Jan 16, 2005

Foreigners soon to own 200 golf courses in Japan

The number of golf courses in Japan owned by foreign investors is set to top the 200 mark soon and account for about 10 percent of the nation's 2,400 courses, industry sources said Saturday.
BASEBALL / Japanese Baseball
Jan 7, 2005

Batista set for Hawks

The Fukuoka Softbank Hawks have reached an agreement to sign veteran slugger Tony Batista, baseball sources said on Thursday.
JAPAN
Jan 6, 2005

Japan firms pledge cash for disaster relief effort

In an outpouring of sympathy for survivors of the Asian tsunami disaster, Japan's top companies are pledging donations by the millions, sending cash, food and flashlights with hopes of raising their image in the region as good corporate citizens.
EDITORIALS
Jan 5, 2005

Easier path for foreign investors

Japan is beginning to open the door wider to foreign direct investment. The Justice Ministry has completed a skeleton draft of a new law that will make it easier for foreign companies to purchase Japanese ones. Japanese executives understandably fear that their companies might become targets for foreign...
Japan Times
COMMUNITY / Issues / THE ZEIT GIST
Jan 4, 2005

Racism is bad business

The Community Page has commented at length on socially-sanctioned exclusionary practices in Japan. However, it has rarely touched upon their quantifiable, longer-term effects.
JAPAN
Jan 3, 2005

Most Japanese CEOs bearish on economy

Most chief executive officers at major corporations expect the economy to either remain flat or recede slowly in 2005 due mainly to unfavorable overseas factors, according to a Kyodo News survey released Sunday.
Japan Times
BUSINESS
Dec 31, 2004

Reincarnated banks pitch brighter, better service

With their long lines and officelike interiors, typical Japanese banks can be a turnoff for customers.
BUSINESS
Dec 31, 2004

Daiei may exit Okinawa, Shikoku

Daiei Inc. might shut down all of its stores in Okinawa, Shikoku and the Chugoku region based on a revival plan mapped out by the Industrial Revitalization Corp. of Japan, sources said Thursday.
BUSINESS
Dec 30, 2004

Individuals made 30% of trades in '04: brokers

Widespread use of the Internet for stock trading has lured more individuals to the market.
BUSINESS
Dec 30, 2004

IRCJ to set up new Daiei management team in May: Saito

The Industrial Revitalization Corp. of Japan plans to set up a new management team for ailing retailer Daiei Inc., IRCJ President Atsushi Saito said Wednesday.
JAPAN
Dec 29, 2004

Hostage beheading video screened at Chiba rock concert

Video footage showing the decapitation of a Japanese man taken hostage in Iraq this year was shown on a big screen at a rock concert Sunday in Urayasu, Chiba Prefecture, concert sponsor Tokyo Broadcasting System Inc. said.
BUSINESS
Dec 29, 2004

Towa may receive capital from Mitsubishi Estate

Struggling condominium builder Towa Real Estate Development Co. has entered the final phase of talks with Mitsubishi Estate Co. on receiving capital, sources said Tuesday.
JAPAN
Dec 28, 2004

Trading house Mitsui probed over fake diesel filter data, subsidy scam

Tokyo police launched a criminal investigation Monday into Mitsui & Co. and one of its subsidiaries, suspecting that the giant trading house fabricated test data to obtain official approval for a diesel particulate filter.
BUSINESS
Dec 28, 2004

Tax return raises Mizuho profit

Mizuho Financial Group Inc. on Monday raised its group net profit estimate to 720 billion yen for the current fiscal year from 440 billion yen following a Supreme Court ruling last week.
BUSINESS
Dec 25, 2004

Daikyo to sell seven noncore properties

Ailing condominium builder Daikyo Inc. said Friday it will sell properties from its noncore operations to seven companies, including a special purpose company established by the Morgan Stanley group of the United States, for about 80 billion yen.
Japan Times
BUSINESS
Dec 25, 2004

Vodafone to play 3G hardball with customers

Vodafone K.K. President Shiro Tsuda has said the company will stop offering new second-generation cell phone handsets in 2005 to force customers to switch to 3G handsets.
BUSINESS
Dec 25, 2004

Mitsui to fire employees for fabricating diesel filter test data

Mitsui & Co. said Friday two employees at the trading house and another at a subsidiary will be fired for fabricating test data to obtain official approval for a diesel particulate filter.

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