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JAPAN
Nov 10, 2004

Ex-UFJ execs facing arrest over Banking Law violations

Prosecutors were poised to arrest three former executives of UFJ Bank for allegedly obstructing a government inspection by destroying and altering documents in violation of the Banking Law, investigative sources said Tuesday.
BUSINESS
Nov 10, 2004

Izuhakone Railway chief bows out over falsified financial statements

Izuhakone Railway Co. President Teruni Serizawa stepped down Tuesday to take the blame for falsified financial statements that had inflated the number of individual shareholders in the firm.
Japan Times
JAPAN
Nov 9, 2004

JT ups warnings on cigarette packs

Japan Tobacco Inc. will start printing larger health warnings on the packages of some of its cigarette brands later this month in preparation for stricter labeling regulations that kick in at the end of June.
BASEBALL / Japanese Baseball
Nov 9, 2004

Ichiba accepts offer from Rakuten Eagles

Yasuhiro Ichiba of Meiji University, who accepted money from pro baseball clubs in violation of draft eligibility rules, has accepted an offer by the Tohoku Rakuten Golden Eagles to acquire him in a pre-draft arrangement, Takahiro Beppu, former general manager of the university's baseball team, said...
BUSINESS
Nov 9, 2004

FSA tells Resona to improve plan

The Financial Services Agency asked Resona Holdings Inc. on Monday to improve its pending business revitalization plan, Financial Services Minister Tatsuya Ito said.
BUSINESS
Nov 9, 2004

Ito-Yokado and Marubeni apply to sponsor Daiei

Supermarket operator Ito-Yokado Co. and Marubeni Corp. are among the companies that have applied to sponsor retailer Daiei Inc.'s rehabilitation, informed sources said Monday.
JAPAN
Nov 7, 2004

Seibu Lions ballclub up for sale

Scandal-tainted Kokudo Corp. has decided to sell the Seibu Lions baseball team for more than 20 billion yen, sources said Saturday.
BUSINESS
Nov 6, 2004

IRCJ suspects Daiei, Colony cut secret deal over Hawks

The state-backed Industrial Revitalization Corp. of Japan has launched an investigation into a suspected secret deal between Daiei Inc. and U.S. investment fund Colony Capital LLC over the sale of the Fukuoka Daiei Hawks ballclub, according to sources.
BASEBALL / MLB
Nov 5, 2004

BlueWave GM presents list of 25 protected players

Orix BlueWave general manager Katsuhiro Nakamura visited the baseball commissioner's office on Thursday to present a list of 25 protected players who will receive preferential signing rights with the new team created by the merger with the Kintetsu Buffaloes.
BUSINESS
Nov 3, 2004

Firms ready fiber-optic DVD service

PoweredCom Inc., Tokyo Electric Power Co. and Toshiba Corp. said Tuesday they will begin on Dec. 1 a new DVD content distribution service via a fiber-optic network, which they say is the world's first, on a trial basis for 1,000 monitors in eastern Japan.
Japan Times
JAPAN
Nov 3, 2004

Ishihara tries to counter city's birthrate-unfriendly nature

Tokyo Gov. Shintaro Ishihara would probably be happy to learn that when Mayumi Ozaki's 2-year-old daughter caught a cold, her minder went to the girl's home and looked after her for two days.
BUSINESS
Nov 2, 2004

Builders hot on TSE in wake of disasters

Construction-related shares drew active buying Monday from investors betting such firms will see sharply higher demand due to the recent string of natural disasters hitting the nation.
JAPAN
Oct 31, 2004

Kanebo tabs spinoff head for president

Struggling textile maker Kanebo Ltd. has decided to name Takehiko Ogi, an outside board director of Kanebo Cosmetics Inc., a firm spun off from Kanebo in May, as its president, sources close to the reshuffle said Saturday.
BUSINESS
Oct 30, 2004

DoCoMo reports first fall in first-half earnings, revenue

NTT DoCoMo Inc. on Friday reported its first-ever fall in first-half earnings and revenue since it went public in 1998 due to a discount campaign to prevent its customers from defecting to rivals.
BUSINESS
Oct 29, 2004

Matsushita and Sony report soaring net profits for first half

Matsushita Electric Industrial Co. and Sony Corp. said Thursday that their net profits more than doubled in the first half, though there was a stark contrast in how the archrivals made their money.
BUSINESS
Oct 29, 2004

Deadly quakes unlikely to devastate insurers

The deadly earthquakes in Niigata Prefecture caused catastrophic landslides and destroyed buildings, but they will not cause much damage to nonlife insurance firms because their high reserves and the state's financial safety net will protect them, according to insurance specialists.
JAPAN
Oct 28, 2004

Information on quake relief funds and volunteer efforts

More than 100,000 survivors of the earthquakes that have hit the Chuetsu region in Niigata Prefecture have had to take shelter in schools and vehicles.
BASEBALL / Japanese Baseball
Oct 28, 2004

Dragons' ace Kawakami snares Central League MVP award

Chunichi Dragons right-hander Kenshin Kawakami and Fukuoka Daiei Hawks infielder Nobuhiko Matsunaka were named the Most Valuable Players of the 2004 season on Wednesday.
BUSINESS
Oct 28, 2004

Sony PSP to cost surprising 20,790 yen, hit shelves Dec. 12

Sony Computer Entertainment Inc. said Wednesday it will release its PlayStation Portable game console in Japan on Dec. 12 at a price of 20,790 yen, surprising many who had expected it to cost far more.
BUSINESS
Oct 27, 2004

Resona Holdings more than doubles profit forecast

Resona Holdings Inc. on Tuesday revised upward its group net profit forecast to 200 billion yen for the fiscal first half that ended Sept. 30, more than double the initial forecast.
BUSINESS
Oct 27, 2004

Softbank to acquire C&W IDC

Softbank Corp. said Tuesday it will acquire Cable & Wireless IDC Inc., a Japanese unit of British telecommunications firm Cable & Wireless PLC, for 12.3 billion yen.
BUSINESS
Oct 26, 2004

Citigroup CEO says trust bank to be shut down

The CEO of U.S. banking giant Citigroup Inc. apologized Monday for the bank's misconduct in Japan and said it will terminate its private banking business here for wealthy customers by Sept. 30, 2005.
BUSINESS
Oct 26, 2004

UFJ execs grilled over alleged block of FSA probe

Prosecutors on Monday questioned three former executives of UFJ Bank on suspicion of obstructing a government inspection, according to investigative sources.
Japan Times
BUSINESS
Oct 26, 2004

Resona hopes ATM placements lift profit

Banking group Resona Holdings Inc., currently under rehabilitation, has begun setting up automated teller machines in unconventional places to boost profit.
Japan Times
CULTURE / Music
Oct 24, 2004

You put a spell on us

"Earnest, to me, is a bad word." Dean Wareham is reclining on a cream-colored couch in the offices of P-Vine, his Japanese record label, looking over a list of adjectives a popular Web site uses to describe his band, Luna. Curious, amused and slightly wary, he skims the list, eyebrows raised, quickly...
Japan Times
Features
Oct 24, 2004

The cat's whiskers of Kawaii

At 10 a.m. last Saturday, the moment the doors of the Mitsukoshi department store in Tokyo's Nihonbashi district were opened, a small scrum of people rushed in, headed straight to the escalators and then up to the fifth floor.
JAPAN
Oct 23, 2004

988 million yen paid to officials as 'editing' fees

A total of 1,475 officials of the Health, Labor and Welfare Ministry and the affiliated Social Insurance Agency have received a combined 988 million yen over the past five years from private companies for editing videos and books, the ministry said in an in-house investigation report Friday.

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