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BUSINESS
Aug 30, 2003

BTM to launch revival task force for borrowers

The Bank of Tokyo-Mitsubishi will launch a special task force in September to deal exclusively with corporate rehabilitation for some 3,000 troubled borrowers.
BUSINESS
Aug 22, 2003

Chuo Mitsui Trust to close 10% of branch network

Mitsui Trust Holdings Inc. is planning to close seven branches of its subsidiary Chuo Mitsui Trust and Banking Co. in response to a recent order by the Financial Services Agency to improve management, officials at the financial holding company said Thursday.
BUSINESS
Aug 5, 2003

Execs less downbeat over economy after pickup in earnings, share prices

An increasing number of major Japanese businesses are less pessimistic about the economy, as earnings and share prices have started picking up, according to a recent Kyodo News survey of executives at 100 big firms.
BUSINESS
Jul 31, 2003

Major banks pin losses on stockholding declines

Five major banking groups told the Financial Services Agency on Wednesday that they posted losses in fiscal 2002 not because their earnings deteriorated but because their stockholdings bled massive red ink.
BUSINESS
Jul 16, 2003

Banks face FSA order to boost earnings

The Financial Services Agency is preparing to issue an administrative order to five major banking groups that have received public funds but booked net losses for fiscal 2002 to improve their earnings, FSA sources said Tuesday.
JAPAN
Jun 19, 2003

Publishers pitching Japanese books overseas

Compared with the influx of translated foreign books into Japan, the amount of Japanese books translated for overseas readers is a mere trickle, with the ratio standing at 20-to-1.
JAPAN
Jun 19, 2003

Publishers pitching Japanese books overseas

Compared with the influx of translated foreign books into Japan, the amount of Japanese books translated for overseas readers is a mere trickle, with the ratio standing at 20-to-1.
JAPAN
Jun 19, 2003

Publishers pitching Japanese books overseas

Compared with the influx of translated foreign books into Japan, the amount of Japanese books translated for overseas readers is a mere trickle, with the ratio standing at 20-to-1.
JAPAN
Apr 20, 2003

Travel, cars, ads top jobs wish list

Many of the careers most widely coveted by Japanese university students are related to the tourism industry, automakers and ad agencies, a recent survey suggests.
BUSINESS
Jan 16, 2003

Daiei to sell stakes in four hotels

Struggling supermarket chain Daiei Inc. said Wednesday it will sell four hotels to Goldman Sachs Group Inc. of the United States for 45.4 billion yen. It also said it is also considering selling Fukuoka Dome.
BUSINESS
Nov 20, 2002

Four megabanks hit 2002 intraday lows

Shares in Japan's major banks tumbled Tuesday amid concerns over the nation's financial system, with the four biggest banks all hitting intraday lows for the year and Mizuho Holdings Inc. sinking below the key 100,000 yen mark.
BUSINESS
Aug 17, 2002

Nasdaq pulls out of Japan operation

Nasdaq Stock Market Inc. and the Osaka Securities Exchange said Friday they have agreed to terminate their business cooperation agreement involving Nasdaq Japan Inc., effective Oct. 15.
BUSINESS
Jul 19, 2002

PoweredCom, IIJ in tieup talks

PoweredCom Inc., a data communications firm owned by Tokyo Electric Power Co. and nine other utilities, is negotiating with Internet provider Internet Initiative Japan Inc. over a possible business integration deal, the two companies confirmed Thursday.
BUSINESS
Apr 25, 2002

Japan, U.S. to hold inaugural government-business meet

Japan and the United States on May 10 will hold the inaugural meeting of a government-business forum under a new framework for bilateral economic talks, a U.S. trade official said Tuesday.
BUSINESS
Feb 24, 2002

Daiei to get 460 billion yen to restructure

Daiei Inc. will receive a total of 460 billion yen in financial assistance from three major creditor banks, up 40 billion yen from an initial plan, to promote a new three-year restructuring program, according to the final draft of the plan made available Saturday.
COMMUNITY
Feb 17, 2002

'Konbini wars' coming to a street corner near you

A young woman running late for a job interview realizes she's forgotten her lipstick. Minutes later, a 70-year-old steps into a store to buy some oolong tea and finds he's out of cash. Turn the clock forward to midnight, and a bachelor steps off the last train home wondering where he can find a bite...
BUSINESS
Jan 19, 2002

Broadcasters team up for Net deal

Three commercial TV broadcasters said Friday they have set up a joint company to distribute their programs via broadband Internet networks in cooperation with the Nippon Telegraph and Telephone Corp. group.
BUSINESS
Jan 17, 2002

Daiei creditors to wrap up bailout plan

Debt-saddled supermarket chain Daiei Inc. and its three major creditor banks are putting the final touches on a 400 billion yen bailout package that involves swapping some 300 billion yen in loans for Daiei shares, a source at one of the creditor banks said Wednesday.
BASEBALL / MLB
Jan 12, 2002

Eight enter Japanese Hall of Fame

Kazuhiro Yamauchi, one of the best sluggers of the late 1950s and 1960s, has been elected to the Hall of Fame along with seven other notable contributors to Japanese baseball, baseball officials said Friday.
BUSINESS
Jan 10, 2002

Sanwa, three other banks look at bailing out struggling Daiei

Sanwa Bank and three of Daiei Inc.'s other creditor banks are considering a bailout package for the struggling supermarket chain, including debt forgiveness and a debt-for-equity swap, as one of "many options," a Sanwa Bank spokesman said Wednesday.
BUSINESS
Oct 24, 2001

Students in North America prefer Sony

Sony Corp. is the employer of choice for Japanese students preparing to graduate from North American colleges and universities, according to a recent survey conducted by a U.S. human resources firm.
BUSINESS
Oct 12, 2001

Asahi's first-half profit plan turns into 60 billion yen net loss

Asahi Bank said Thursday it will post a group net loss of 60 billion yen for the six months to Sept. 30, after shouldering heavy losses from soured loans and stock market plunges.
BUSINESS
Apr 3, 2001

Three megabanks make debut

Three new megabank groups started their operations Monday morning, raising hopes that the presence of the new entities will further accelerate the disposal of bad loans held by Japanese banks.
JAPAN
Mar 27, 2001

Ticket agencies join the digital age

Kyodo News The Internet set the scene, cellular phones followed, and now convenience stores have jumped on the bandwagon, drastically changing the way people in Japan buy tickets for concerts, plays and sports events.
LIFE / Digital / CYBERIA
Mar 7, 2001

Great Domain Robbery

I got a whiff of this story last week at Inside.com. It was in a news brief about a journalist who had floated details about a company that would soon offer new top-level domain names.
BUSINESS
Jan 24, 2001

AOL Japan renamed DoCoMo AOL

Internet service provider AOL Japan Inc. said Tuesday that it will change its name to DoCoMo AOL Inc., effective Feb. 1.
BUSINESS
Dec 7, 2000

DDI joins hands with Hakuhodo

The nation's second-largest telecommunications carrier DDI Corp., known as KDDI, said Wednesday it has formed a joint venture with advertising agency Hakuhodo Inc. and three other firms to run ads on its mobile-phone Internet services.
JAPAN
Sep 28, 2000

AOL, DoCoMo form alliance

America Online Inc. and NTT DoCoMo Inc. announced Wednesday in Tokyo that they will form a strategic alliance to integrate their wireless and fixed-line Internet services, with NTT DoCoMo becoming AOL Japan's top shareholder.
BUSINESS
Aug 18, 2000

NTT urged to sell DoCoMo stake to promote competition

A trade ministry advisory panel has released a draft report Thursday that calls for terminating Nippon Telegraph and Telephone Corp.'s monopoly on local telephone networks.

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