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August 27, 2025
 

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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....
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....
BUSINESS
Jun 5, 2003

Memo suggests FSA horseplay

Opposition lawmakers on Wednesday revealed what they claim is a letter and an internal memo from a Resona group whistle-blower suggesting that the Financial Services Agency pressured Resona to window-dress its capital adequacy ratio to prevent its insolvency from surfacing.
Japan Times
BUSINESS
Jun 5, 2003

Sogo, Seibu launch united gift campaign

Sogo Co. and Seibu Department Stores Ltd., which integrated their operations Sunday under the holding company Millennium Retailing Inc., officially kicked off summer gift campaigns Wednesday.
BUSINESS
Jun 3, 2003

Honda wins scooter lawsuit in China

Honda Motor Co. has won a lawsuit in Beijing against the Chinese government to restore the Japanese automaker's motor scooter design patent, a company spokeswoman said Monday.
BUSINESS
May 30, 2003

Nonlife insurers boost Millea group profits

Millea Holdings Inc., which controls nonlife insurers Tokio Marine & Fire Insurance Co. and Nichido Fire & Marine Insurance Co., on Thursday reported a group net profit of 56.62 billion yen for the year through March 31.
BUSINESS
May 30, 2003

Resona Holdings suffers 549.4 billion yen latent loss

Resona Holdings Inc. has incurred a 549.4 billion yen latent loss on the preferred shares it issued through the previous round of public fund injections, a senior government official said Thursday.
BUSINESS
May 29, 2003

Defect found in FOMA cell phones

NTT DoCoMo Inc. will repair free of charge two of its FOMA mobile phone models on demand due to a software defect, company officials said Wednesday.
BUSINESS
May 29, 2003

Aozora sheds bad loans, ups profit

Aozora Bank said Wednesday it posted a group net profit of 23.4 billion yen in fiscal 2002, up 25 percent from the previous year, by shedding many bad loans from its portfolio and increasing its loans to good borrowers.
BUSINESS
May 29, 2003

Sony unveils massive restructuring plans

Sony Corp. said Wednesday it will place more emphasis on flat TVs and DVD recorders and spend 300 billion yen on a massive restructuring drive over the next three years.
BUSINESS
May 28, 2003

No retirement bonus for Seibu execs

Seibu Department Stores Ltd., set to integrate operations with the Sogo retail group next month, will not pay retirement bonuses to Chairman Kotaro Matsumoto and seven other departing top executives, company officials said Tuesday.
BUSINESS
May 28, 2003

Takenaka salutes bad-loan disposal efforts

Financial Services Minister Heizo Takenaka on Tuesday hailed efforts by major banks to dispose of bad loans in the year that ended March 31.
Japan Times
BUSINESS / FRONT-RUNNERS
May 27, 2003

Toilet manufacturer plucks success from depths of despair

Failure is but a stepping stone to success. The proverb rang dramatically true in the process of developing a new product at Toto Ltd., the major toilet manufacturer based in Fukuoka Prefecture.
COMMUNITY / How-tos / LIFELINES
May 27, 2003

Painless driving instruction and a move to Japan

More on DIY trading "Gaijin" writes that further to my answer to Wilma Jay (Lifelines; April 29), there are around 60 Internet brokers through which she could do day trading. (Gaijin himself/herself makes a living through trading).
BUSINESS / JAPANESE PERSPECTIVES
May 26, 2003

Floating ABCPs on open market could repair interest rate gap

On May 17, the finance ministers of the world's major powers gathered in Deauville, France as part of efforts to set the stage for the annual Group of Eight summit in Evian. A statement adopted at the meeting urged Japan to pursue structural reforms in its financial and corporate sectors and overcome...
EDITORIALS
May 25, 2003

Auguries in a coffee cup

Eight years ago, there was no such thing as a Starbucks coffee shop in Japan. Now they are part of the landscape; in the big cities, you can often find two or three of the ubiquitous stores with the round green logo within a couple of blocks of each other. That might sound like the ultimate definition...
Japan Times
BUSINESS
May 24, 2003

Jury out on new bank's prospects

A new bank proposed by the Tokyo Metropolitan Government appears to be good news for struggling smaller companies.
BUSINESS
May 23, 2003

JFE's profit better than expected

JFE Holdings Inc., created last September by the integration of NKK Corp. and Kawasaki Steel Corp., has reported a group net profit of 15.95 billion yen for the year through March 31.
BUSINESS
May 23, 2003

Resona group to undergo FSA inspection

An emergency inspection into Resona Bank and its parent company will take place in June in connection with the government's decision to inject public funds into the bank, agency officials said Thursday.
BUSINESS
May 22, 2003

Arcades boost Namco's profits

Game maker Namco Ltd. said Wednesday that its group net profit more than doubled in fiscal 2002, thanks to the strong performance of its domestic amusement arcades.
BUSINESS
May 22, 2003

Japan Times chief to head IAA

The Japan Chapter of the International Advertising Association has appointed Toshiaki Ogasawara, publisher of The Japan Times, as its new president.
BUSINESS
May 22, 2003

World Cup lifts Sky Perfect revenue

Sky Perfect Communications Inc. said Wednesday its consolidated revenue soared 18.4 percent to a record 70.37 billion yen in fiscal 2002.
BUSINESS
May 22, 2003

Sluggish ad sales dent Fuji TV profit

Fuji Television Network Inc. said Wednesday its group net profit for fiscal 2002 fell 14.4 percent from the previous year to 14.82 billion yen.
BUSINESS
May 22, 2003

Wowow returns to profitability

Satellite broadcaster Wowow Inc. said Wednesday it climbed back into the black in fiscal 2002 due to a sharp reduction in promotional costs.
ENVIRONMENT / OUR PLANET EARTH
May 22, 2003

Corporate values ignore the bottom line

With all the scandals swirling around U.S. corporations, public respect for CEOs has plunged and, as a lawyer, I can empathize. Stories about sleazy lawyers chasing after ambulances still bring color to my cheeks, so I understand what it's like to work in a profession that is equated with sharks and...
Tokyo releases AI-generated video of Mount Fuji erupting
A screenshot from an AI-generated video showing what could happen to Tokyo if Mount Fuji erupted
Japan aims to tighten rules for business manager visas from October
The number of foreign residents with business management residency status had reached a record 41,615 as of the end of 2024.
Japanese prefectures break with labor ministry on minimum wage
The ministry of labor has suggested a 6% minimum wage increase, but most prefectures reporting so far are opting to go slightly higher.
Japan ranked one of the most peaceful places in Asia as global tensions rise
Visitors look at paper cranes hung at Peace Park in Nagasaki on Aug. 8, a day ahead of the 80th anniversary of the World War II atomic bombing of the city.
JICA to designate four Japanese cities as 'hometowns' for African nations
The Japanese flag (left) with the flag of the African Union
Japanese prefectures break with labor ministry on minimum wage
The ministry of labor has suggested a 6% minimum wage increase, but most prefectures reporting so far are opting to go slightly higher.
Philippines quietly deepening ‘unofficial’ defense ties with Taiwan
Filipino soldiers take part in a flag-raising ceremony on Mavulis Island during a visit by the Philippines' Armed Forces chief of staff, in Batanes, the Philippines, in June 2023. Batanes, a group of idyllic islands at the country’s northernmost tip, sits about 160 kilometers from Taiwan.
Are 'coolcations' the answer for Japan's heat-weary tourists?
Hikers on a trail in Hakuba, Nagano Prefecture. As extreme heat continues to grip Japan, a tectonic shift may be underway in the nation’s summer tourism scene as more people gravitate toward cooler destinations.
Germany's first sakemaker offers a bold brew of ideas
Reigen, Germany's first sake brewery, makes a diverse, nontraditional range of sake that includes fruit-flavored sips and wine barrel-aged renditions.
Alicia Keys closed Summer Sonic, but J-pop owned it
Summer Sonic’s 2025 lineup demonstrated its strength, showcasing the latest in J-pop, including “new kawaii” act Fruits Zipper.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Alex K.T. Martin

SUSTAINABLE JAPAN

Muji has been sustainable from the beginning
Muji has been sustainable from the beginning

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