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BUSINESS
Nov 14, 2003

Ashikaga Financial bailout denied

The government denied a news report Thursday that the Financial Services Agency is considering injecting public funds into regional bank Ashikaga Financial Group Inc.
BUSINESS
Nov 14, 2003

NEC seeks cancer diagnosis system

NEC Corp. and its subsidiary NEC Soft Ltd. said Thursday they have reached an agreement with U.S. venture LifeSpanBioscience Inc. to develop a system to help diagnose cancer.
Japan Times
LIFE / Travel
Nov 14, 2003

Letting the plane take the strain

There can be fewer more ostentatious trappings of wealth than a private jet. However, the perception of such aircraft as mere playthings of the rich and famous has tended to detract from their more mundane role as effective, hassle-reducing business tools.
Japan Times
JAPAN
Nov 13, 2003

East Tokyo welcomes artists in bid to revitalize historic district

When woodblock print master Ando Hiroshige created his famed "One Hundred Views of Edo," the eastern part of the capital was a bustling commercial and cultural hub.
BUSINESS
Nov 12, 2003

Resona seeks profits via new plan

Resona Holdings Inc. aims to swing back into the black in fiscal 2004 under a new two-year business improvement plan that will be unveiled soon, company sources said Tuesday.
BUSINESS
Nov 11, 2003

Planned bank edges toward fruition

The planned Nippon Industrial Bank, which will specialize in extending loans to small and midsize businesses, was granted a preliminary license from the Financial Services Agency on Oct. 31 to open in April, planners said Monday.
Japan Times
JAPAN / ELECTION 2003
Nov 11, 2003

Scandal-tainted politicos ousted

The results of Sunday's election may have left a bitter taste in the mouths of some of the nation's big names.
BUSINESS
Nov 11, 2003

JDC, Pony Canyon eye movie rights

Japan Digital Contents Inc. has come up with a new way to acquire Hollywood movie copyrights.
BUSINESS
Nov 8, 2003

Toray net profit explodes 754.6%

Toray Industries Inc. said Friday its group net profit for the six months to Sept. 30 soared 754.6 percent from a year earlier to 10.95 billion yen, due to aggressive structural reforms and the solid performance of its core textile business.
Japan Times
BUSINESS
Nov 6, 2003

Durex gears for Japan condom market beachhead

Japan's condom market, which has remained virgin territory for outsiders for a long time, may be in for an Earth-moving change with the recent entry of the world's largest brand.
BUSINESS
Nov 6, 2003

Dell to become No. 3 PC supplier

Dell Computer Corp. of the United States appears likely to surpass Sony Corp. as the third-largest supplier of personal computers in Japan in fiscal 2003, becoming the first foreign firm to make the top three since fiscal 2000, according to a private market research institute.
BUSINESS
Nov 6, 2003

Merit-based pay takes effect at Hitachi in April

Hitachi Ltd. will introduce a merit-based pay system for all employees in April, company officials said Wednesday.
BUSINESS
Nov 6, 2003

DoCoMo offers antispam measure

NTT DoCoMo Inc. said Wednesday that users of its i-mode mobile phone services will be able to automatically reject e-mail from any i-mode handset that sends 200 or more messages per day.
BUSINESS
Nov 6, 2003

Power Rangers help Bandai post 5.3% profit increase

Bandai Co., Japan's leading toy maker, on Wednesday reported a 5.3 percent increase in operating profit for the first half, boosted by its Power Rangers and Mobile Suit Gundam products.
BUSINESS
Nov 5, 2003

Sale brings Daiei 40 billion yen windfall

Daiei Inc. said Tuesday it made more than 40 billion yen in revenue from an eight-day nationwide sale commemorating the Daiei Hawks winning the Japan Series baseball championship.
BUSINESS
Nov 5, 2003

Price-fixing costs Mitsui $53 million

Mitsui & Co. and two of its U.S. subsidiaries have agreed to pay a combined $53 million (about 5.8 billion yen) to settle a class-action lawsuit in the United States over suspected vitamin price-fixing, Mitsui said Tuesday.
BUSINESS
Nov 3, 2003

Digital broadcasts to kick off Dec. 1

Terrestrial digital broadcasting, a new service most Japanese know little about, will begin in some areas of Tokyo, Osaka and Nagoya on Dec. 1.
JAPAN
Nov 1, 2003

LDP still spells state largess to rural voters

HONJO, Akita Pref. -- Gigantic pillars soar toward the sky in a mountainous area 7 km north of the city of Honjo in southern Akita Prefecture, symbolizing the power of Kanezo Muraoka.
BUSINESS
Oct 31, 2003

KDDI profit up 320% to 86 billion yen

KDDI Corp. said Thursday its group net profit for the first half soared 320 percent from a year earlier to 85.86 billion yen.
BUSINESS
Oct 31, 2003

Nomura's pretax profit soars 292%

Nomura Holdings Inc. said Thursday its group pretax profit for the fiscal first half soared 291.9 percent from a year earlier to 159.25 billion yen, due chiefly to the robust stock market.
BUSINESS
Oct 31, 2003

DoCoMo operating profit slides

NTT DoCoMo Inc. said Thursday its operating profit for the fiscal first half fell 7.8 percent due to the heavy cost of incentives paid to handset vendors.
BUSINESS
Oct 31, 2003

Poweredcom to buy stake in IP telephony provider

Poweredcom Inc., an affiliate of Tokyo Electric Power Co., will take a stake in major Internet Protocol telephony provider Fusion Communications Corp. with an eye toward integrating telephone operations in the future, it said Thursday.
BUSINESS
Oct 30, 2003

Widespread risk-hedging seen limiting short-term menace of rising yen

A strong yen is not good news for Japanese export-driven companies. But the impact of the yen's recent surge against the dollar to three-year highs is expected to be limited for now since firms have hedged the currency risk, economists and major manufacturers said.
BUSINESS
Oct 29, 2003

Yahoo Japan debuts on first section

Yahoo Japan Corp., the nation's leading Internet portal site operator, drew a tepid response from investors when it debuted Tuesday on the Tokyo Stock Exchange, ending the day at 1.57 million yen after opening at 1.65 million yen.
JAPAN
Oct 29, 2003

Sogo chairman told to pay up

The former chairman of failed department store chain Sogo Co. was handed a court order Tuesday to pay some 12.7 billion yen to Mizuho Corporate Bank in his capacity as a guarantor for a loan extended to a Sogo outlet that later turned sour.
BUSINESS
Oct 29, 2003

Elpida gets ready to end fundraising

Elpida Memory Inc., the sole Japanese supplier of dynamic random access memory chips, said Tuesday it is close to completing a 170 billion yen fundraising program aimed at reinforcing its production capabilities.
Japan Times
BUSINESS
Oct 29, 2003

Troubled Sony unveils restructuring plans

Sony Corp. on Tuesday unveiled sweeping restructuring measures, including plans to shed 20,000 jobs and close domestic TV plants, with the consumer electronics giant struggling to reclaim a competitive edge over its rivals.
JAPAN
Oct 26, 2003

Chain pulls sandwiches with GMOs

Subway Japan Inc., the Japanese affiliate of the major U.S. sandwich chain Subway Restaurants, has stopped selling sandwiches after its import dealer learned that the bread dough contains an enzyme derived from unauthorized genetically modified microorganisms.

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