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BUSINESS
Jun 26, 2003

Mizuho executives fail to placate shareholders

While leaders in other industries are incorporating changes to improve better shareholder participation in managerial decisions, the shareholders' meeting held Wednesday by Mizuho Financial Group, Inc. indicates change is slow to come to the banking sector.
BUSINESS
Jun 25, 2003

Resona execs see retirement cash disappear

Resona Holdings Inc. has decided not to pay retirement benefits to board members and executive officers who have remained with the troubled banking group for their past service through June, banking sources said Tuesday.
BUSINESS
Jun 24, 2003

UFJ facing soured Fukusuke loans

UFJ Holdings Inc. said Monday three banks under its wing may be unable to recover or face a delay in recovering a total of 12.333 billion yen in loans as socks maker Fukusuke Corp. applied for court protection from creditors.
Japan Times
BUSINESS
Jun 24, 2003

Simpler may be better but it's Tu-Ka's only choice

The head of Japan's fourth-biggest mobile phone company is banking on the old maxim that simpler means better.
BUSINESS
Jun 24, 2003

Suzuki cars to use Nissan wireless info terminals

Suzuki Motor Corp. will install wireless information terminals made by Nissan Motor Co. in some of its cars this fall, the firms said Monday.
BUSINESS
Jun 20, 2003

Resona still in dark over profit status

The new management team at Resona Holdings Inc. won't know until October whether the banking group will be able to turn a profit in the current business year, new Resona Holdings Chairman Eiji Hosoya said Thursday.
BUSINESS
Jun 20, 2003

Some firms hold early stock meetings

NTT DoCoMo Inc., Nissan Motor Co. and NEC Corp. were among firms that held general shareholders' meetings Thursday, ahead of a slew of such meetings June 27.
Japan Times
BUSINESS / INDUSTRY TRENDS
Jun 19, 2003

Ice cream companies turning to high-end treats

Facing a steady decline in sales of traditional ice cream, domestic frozen treat makers are turning their eyes to the upscale market -- a growing sector so far dominated by Haagen-Dazs.
CULTURE / Books / THE BOOK REPORT
Jun 19, 2003

Top-selling authors go abroad

Once again, the Japanese tax office has issued its annual list of top taxpayers for the previous year. Not surprisingly, it reflects the continuing economic slump, with a contraction in the amounts paid. What's more, six of the top 100 taxpayers are Wall Street bankers -- and five of them are foreigners....
JAPAN
Jun 17, 2003

Irate armed Fuji TV viewer nabbed

A man armed with a crossbow and other weapons was arrested Monday after he entered the head office of Fuji Television Network Inc. in Tokyo to complain about program content.
JAPAN
Jun 17, 2003

Irate armed Fuji TV viewer nabbed

A man armed with a crossbow and other weapons was arrested Monday after he entered the head office of Fuji Television Network Inc. in Tokyo to complain about program content.
JAPAN
Jun 17, 2003

Irate armed Fuji TV viewer nabbed

A man armed with a crossbow and other weapons was arrested Monday after he entered the head office of Fuji Television Network Inc. in Tokyo to complain about program content.
JAPAN
Jun 16, 2003

Fish fingered for mercury content out of favor

The health ministry is trying to prevent damage to the fisheries industry after prices of broadbill swordfish and alfonsin, a sea bream-like species, plummeted following a ministry advisory to pregnant women to limit consumption of the fish due to their mercury content, according to ministry officials....
JAPAN
Jun 16, 2003

Fish fingered for mercury content out of favor

The health ministry is trying to prevent damage to the fisheries industry after prices of broadbill swordfish and alfonsin, a sea bream-like species, plummeted following a ministry advisory to pregnant women to limit consumption of the fish due to their mercury content, according to ministry officials....
JAPAN
Jun 16, 2003

Fish fingered for mercury content out of favor

The health ministry is trying to prevent damage to the fisheries industry after prices of broadbill swordfish and alfonsin, a sea bream-like species, plummeted following a ministry advisory to pregnant women to limit consumption of the fish due to their mercury content, according to ministry officials....
BUSINESS
Jun 13, 2003

Resona hints profit vow is unattainable

Resona Holdings Inc. may be unable to make it into the black this year as promised, the company's president admitted Thursday.
BUSINESS
Jun 13, 2003

Home video-game industry now in a tight corner

Since Nintendo Co. began selling its "family computer" in 1983, the company and other manufacturers have sold millions of home video-game machines, including portable versions, not to mention several hundred million units of software.
Japan Times
BUSINESS
Jun 12, 2003

Ex-Resona chief blames auditors

Had auditors informed banking group Resona Holdings Inc. by March of critical changes in auditing standards, next month's infusion of 1.96 trillion yen in public funds could have been avoided, former Resona Holdings President Yasuhisa Katsuta told the Diet on Wednesday.
Japan Times
BUSINESS
Jun 12, 2003

UPS to buck economic trend and expand in Japan

Despite the current volatility of the economic climate, United Parcel Service Inc., the world's largest package delivery company, will actively expand operations in Japan, according to the head of UPS Asia Pacific Region.
BUSINESS
Jun 11, 2003

Mizuho raps retiring execs

Mizuho Financial Group Inc. will withhold the retirement allowances of a host of executives after the banking group incurred a group net loss of more than 2 trillion yen and skipped dividend payments in fiscal 2002, a spokesman said Tuesday.
BUSINESS
Jun 11, 2003

Resona bid for public funds wins approval

The government on Tuesday approved an application by Resona Bank for 1.96 trillion yen in public funds, government officials said.
BUSINESS
Jun 10, 2003

Mizuho cuts long-term prime rate

Mizuho Corporate Bank has announced it is cutting its long-term prime rate by 0.1 percentage point to a record low 1.25 percent per annum, effective Tuesday.
JAPAN
Jun 8, 2003

Crayfish to settle U.S. investor suit

E-mail service provider Crayfish Co. said Saturday that it and other defendants will pay $9 million to a group of U.S. investors to settle out of court a damages suit filed in 2000 over alleged shortcomings in Crayfish's disclosure.
JAPAN
Jun 5, 2003

Japanese hemophiliacs invited to join U.S. suit over tainted-blood sales

LOS ANGELES -- A class action lawsuit was filed in a San Francisco federal court Monday on behalf of 15 European hemophiliacs suing seven firms, including a subsidiary of Mitsubishi Pharma Corp., for selling contaminated blood products that exposed them to HIV and hepatitis C, their lawyer said Tuesday....

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