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BUSINESS
Apr 22, 2003

Tokio Marine to acquire capital stake in new Shanghai-based life insurer

Tokio Marine & Fire Insurance Co. is finalizing a plan to take a capital stake in Shanghai-based Sino Life Insurance Co., which will begin operating this fall, company officials said Monday.
BUSINESS
Apr 22, 2003

Sony unveils huge chip investment plan

Sony Corp. said Monday its group will invest 200 billion yen through March 2006 to produce cutting-edge semiconductors being jointly developed by IBM Corp. and Toshiba Corp.
BUSINESS
Apr 19, 2003

Genome breakthrough prompts scramble in pharmaceutical sector

With the task of unscrambling the human genome complete, Japanese pharmaceutical companies are trying to produce new medicines to fight diseases for which effective drugs don't yet exist.
BUSINESS
Apr 18, 2003

Sky Perfect looks to wipe out losses

Sky Perfect Communications Inc. said Thursday it may eliminate all of its accumulated losses, which stand at some 120 billion yen, by the end of March 2004.
BUSINESS
Apr 17, 2003

Mitsubishi to outsource LCD output

Mitsubishi Electric Corp. plans to outsource production of large liquid crystal displays to leading Taiwan LCD maker Chunghwa Picture Tubes Ltd. beginning this summer, Mitsubishi officials said Wednesday.
BUSINESS
Apr 17, 2003

Fuji Heavy, Saab plan car together

Fuji Heavy Industries Ltd. and Saab Automobile AB of Sweden said Wednesday they will collaborate on the development of a new Saab vehicle and on the distribution of Saab vehicles in Japan.
Japan Times
BUSINESS
Apr 16, 2003

Ripplewood's Collins says he's ready to work with IRC

The head of U.S. investment fund Ripplewood Holdings LLC has said the company is ready to work with the Industrial Revitalization Corp., which will begin operations in early May, to help troubled Japanese firms.
BUSINESS
Apr 16, 2003

Lawson's profit plunges 45% on outlet closures

Lawson Inc., Japan's No. 2 convenience store chain, said Tuesday its group net profit for the year through February plunged 45 percent to 8.86 billion yen due to closures of unprofitable stores.
Japan Times
BUSINESS
Apr 15, 2003

IRC officials try to play down hardline image

It has a nickname that would turn most customers off.
BUSINESS
Apr 12, 2003

Bonuses are still shrinking but at a slower rate

Summer bonuses this year are expected to average 407,900 yen, a 1.2 percent fall from last year, UFJ Institute Ltd. said Thursday.
BUSINESS
Apr 11, 2003

Cerebrus set to win Aozora sweepstakes

The Cerberus Group has entered final negotiations with Softbank Corp. to buy, along with another U.S. investment fund, all of its Aozora Bank shares, sources close to the deal said Thursday.
JAPAN
Apr 11, 2003

Bank plans women-only home loan

Chuo Mitsui Trust & Banking Co. will launch on Wednesday a housing loan exclusively for women, featuring a special discount in interest rates when a recipient gives birth.
BUSINESS
Apr 10, 2003

Aozora Bank slapped with reprimand

Aozora Bank has been reprimanded by the Financial Services Agency for giving information on its customers to its major shareholder, Cerberus Group, a U.S. investment fund bidding for greater control of the bank, FSA officials said Wednesday.
BUSINESS
Apr 9, 2003

Pasona, Randstad forge alliance

Staffing agency Pasona Inc. said Tuesday it has launched joint marketing activities with Randstad Holding N.V. of the Netherlands to provide multinational clients with a global network.
BUSINESS
Apr 8, 2003

Post offices to aid in recycling PCs

Personal computer makers and the public postal corporation will join hands to recycle PCs starting Oct. 1, an industry group said Monday.
BUSINESS
Apr 8, 2003

Matsushita expects 23.5 billion yen loss for fiscal '02

Joining a growing list of companies hit by plummeting bank shares, Matsushita Electric Industrial Co. said Monday it expects to report a group net loss of 23.5 billion yen for the fiscal year that ended March 31.
COMMUNITY / Issues / THE ZEIT GIST
Apr 8, 2003

Society fiddles as young get burned

The vernacular media frequently goes tsk-tsk over crimes by juveniles. These days, people's concerns tend to be reflected through two terms: "kyoaku-ka" and "teinenrei-ka," which refer, respectively, to more violent crimes by increasingly younger perpetrators
BUSINESS
Apr 5, 2003

IRC execs implore banks to sell bad loans

Newly appointed executives of the government's planned industrial revival body delivered a zealous sales pitch Friday, urging banks to sell to the entity loans extended to debt-laden firms as soon as possible.
BUSINESS
Apr 5, 2003

Sumitomo Mitsui expects 470 billion yen loss

Sumitomo Mitsui Financial Group Inc. said Friday it has cut its group earnings forecast for fiscal 2002 due to much larger losses in its securities holdings and bad loans.
BUSINESS
Apr 5, 2003

Asahi Mutual freezes dividend payouts

Asahi Mutual Life Insurance Co. will suspend dividend payments on group insurance policies for corporate clients due to declines in capital from large unrealized losses on stockholdings, company officials said Friday.
BUSINESS
Apr 5, 2003

Nationalization guidelines said lacking teeth, conviction

The Financial Services Agency on Friday published an elaborate set of criteria outlining when and how the government can nationalize a bank, but some analysts called the guidelines useless, pointing out that banks will find legal ways to make ends meet and that the FSA is clearly reluctant to follow...
BUSINESS
Apr 5, 2003

Walt Disney gets set to broadcast in Japan

Walt Disney Co. will enter the Japanese broadcast business later this year, sources at the Japanese unit of the U.S. entertainment and media giant said Friday.
BUSINESS
Apr 4, 2003

Kumagai to integrate with Tobishima

Ailing construction firm Kumagai Gumi Co. is planning to integrate operations with Tobishima Corp. next April under a revamped restructuring program in which it will spin off its loss-making real estate business into a new company, sources said Thursday.
BUSINESS
Apr 3, 2003

Expert in resuscitating ailing firms to head IRC

The government has nominated Kazuhiko Toyama -- known as an expert in turning around apparently hopeless businesses -- as chief operating officer of a state-backed corporation given the task of doing just that.
JAPAN
Apr 3, 2003

FTC fines firms over cartel formation

The Fair Trade Commission has ordered three petrochemical firms to pay a total of 2.04 billion yen in fines for forming a polypropylene price cartel in 2000, FTC officials said Wednesday.
BUSINESS
Apr 3, 2003

Mizuho to speed up branch mergers

Mizuho Bank will accelerate the consolidation of its branches this fiscal year, bank sources said Wednesday.
BUSINESS
Apr 2, 2003

Mitsubishi Electric hit by share falls

Mitsubishi Electric Corp. said Tuesday its group net profit for the 2002 business year, which ended Monday, was wiped out by the plummeting prices of bank shares.
BUSINESS
Apr 2, 2003

Fujitsu, AMD to meld flash-memory divisions

Fujitsu Ltd. and U.S. chip maker Advanced Micro Devices Inc. have agreed to integrate their flash-memory operations under a joint venture to create the world's second-largest manufacturer of such devices.
BUSINESS
Apr 1, 2003

Chemical giants scrap plans for October tieup

Sumitomo Chemical Co. and Mitsui Chemicals Inc. said Monday they have agreed to scrap plans to integrate their operations under a holding company.
Character-crazed Japan has little appetite for Labubu
A pop-up advertisement for the newly opened Chiikawa Park in Tokyo's Ikebukuro neighborhood demonstrates how the country is chockful of cute characters — to the detriment of trends like Labubu.
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.
JICA to designate four Japanese cities as 'hometowns' for African nations
The Japanese flag (left) with the flag of the African Union
Man arrested in Kobe stabbing had been staying at hotel near victim’s home
Masashi Tanimoto arrested on suspicion of murder in connection with the fatal stabbing of a woman in Kobe, is sent to prosecutors on Sunday.
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.
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

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