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Japan Times
JAPAN
May 29, 2002

Top business lobbies tie knot, hope to better sway politics

The Japan Federation of Economic Organizations (Keidanren) and the Japan Federation of Employers' Associations (Nikkeiren) merged Tuesday to become the Japan Business Federation, hoping the more powerful business lobby can wield greater influence over government policies.
BUSINESS
May 29, 2002

Nippon Mitsubishi buys North Sea oil rights

Nippon Mitsubishi Oil Corp. said Tuesday it has acquired operational rights in Britain's Brae oil and natural gas fields in the North Sea, and rights to use transportation facilities.
Japan Times
JAPAN
May 27, 2002

Fulbright anniversary meet stresses intellectual exchanges

Japanese individuals, not government officials, need to facilitate "intellectual exchanges" with people overseas to keep up with globalization, experts said in Tokyo on Sunday.
BUSINESS
May 27, 2002

Northwest ties fortunes to Japan

MINNEAPOLIS -- Northwest Airlines Inc. remains committed to Japan despite the prolonged recession and the fallout from the Sept. 11 terrorist attacks, and is busy expanding operations at Narita airport, executives of the airline said.
JAPAN
May 25, 2002

Banks' bad loans increase 47% to record 27 trillion yen

Despite coughing up a record 7.57 trillion yen to cover credit costs, Japan's major banks were unable to make a dent in the size of their bad loans, which shot up 47.4 percent from a year earlier to a record 27 trillion yen, according to fiscal 2001 earnings results released Friday.
BUSINESS
May 24, 2002

Seiyu shareholders go for Wal-Mart deal

Shareholders of Seiyu Ltd. approved the retailer's plan to come under the wing of Wal-Mart Stores Inc. of the United States, allowing the world's largest retailer to take a stake of up to 66.7 percent in Seiyu.
BUSINESS
May 24, 2002

World Cup slows Sky Perfect losses

Sky Perfect Communications Inc. said Thursday it posted a group pretax loss of 11.9 billion yen in the year to March 31, making headway against its 24.34 billion yen loss the previous year, due to an increasing number of subscribers and lower cancellation rates.
Japan Times
BUSINESS
May 24, 2002

Snow Brand Milk posts 71.74 billion yen net loss

Struggling Snow Brand Milk Products Co. said Thursday it posted a group net loss of 71.74 billion yen for the 2001 business year, 35 percent worse than the year before, due to plunging sales in the wake of a food mislabeling scandal at its meat packing subsidiary.
BUSINESS
May 23, 2002

Investment keeps Wowow in red

Satellite broadcaster Wowow Inc. on Wednesday said it remained in the red in the 2001 business year under the weight of initial investments in launching digital broadcasting services.
BUSINESS
May 22, 2002

Tokyo government inspects Mizuho over ATM fiasco

The Tokyo Metropolitan Government started on-site emergency inspections Tuesday at Mizuho Bank's headquarters in Chiyoda Ward, four key branches and the bank's civil service business center to look into the computer fiasco that occurred with their April 1 launch under Mizuho Holdings Inc.
BUSINESS
May 22, 2002

Matsushita, Toray to build plasma displays

Matsushita Electric Industrial Co. and Toray Industries Inc. said Tuesday they will build a second domestic plant to manufacture plasma display panels to push their joint global PDP output above 1.5 million units a year.
BUSINESS
May 22, 2002

Airline SkynetAsia gets approval for operations

A Miyazaki-based airline venture obtained government approval Tuesday to launch flights in August between Miyazaki airport and Haneda airport in Tokyo, setting itself up to become the third new major domestic airline after Skymark Airlines Co. and Hokkaido International Airlines Co. (Air Do).
JAPAN
May 21, 2002

Titanium dioxide plus sunlight spells clean

The exterior walls of the Toto Research Institute in Chigasaki, Kanagawa Prefecture, look like patchwork; some square areas are dark with stains while others are spotless.
BUSINESS
May 21, 2002

Mitsui buys into Gene Networks

Mitsui & Co. and subsidiary Mitsui Knowledge Industry Co. have separately taken a 4.23 percent stake in U.S. biotechnology venture Gene Networks Inc. for $250,000 each, the parent firm said Monday.
BUSINESS
May 18, 2002

Foreigners are net buyers for fourth week

Foreign investors were net buyers of Japanese stocks for the fourth week in a row last week, apparently banking on signs of an economic recovery in Japan.
BUSINESS
May 18, 2002

Tokyo to launch Mizuho inspection

The Tokyo Metropolitan Government said Friday it will soon launch an independent inspection of Mizuho Bank, which suffered a computer-system fiasco last month.
BUSINESS
May 18, 2002

Takeda Chemical pretax profit up

OSAKA -- Takeda Chemical Industries Ltd. said Friday its group pretax profit increased 37 percent to 359.21 billion yen in fiscal 2001 from the previous year due to brisk sales of medical products at home and abroad, and the weak yen.
BUSINESS
May 18, 2002

Matsushita eyes new PDP plant

OSAKA -- Matsushita PDP Co., a subsidiary of Matsushita Electric Industrial Co., will increase output of plasma display panels by setting up a new 50 billion yen plant, Matsushita officials said Friday.
JAPAN
May 17, 2002

73% use Net at work for nonwork

Some 73 percent of Japanese workers have used the Internet for personal purposes in the workplace, according to a recent survey by research firm Macromill Inc. The survey shows only 27.5 percent of the respondents said they have never used the Internet for personal reasons at work.
BUSINESS
May 17, 2002

Japan dismisses credit ratings

Yasuo Fukuda, the top government spokesman, said Thursday that credit-rating agencies such as Moody's Investors Service Inc. have underestimated Japan's economic strength.
BUSINESS / ON THE FRONT LINE
May 16, 2002

U.S. pickup fuels hope for Japan recovery

There is little dispute that a solid pickup in U.S. consumer spending has bolstered evidence that the economic recovery is gaining momentum.
BUSINESS
May 16, 2002

Cell phone penetration rate projected at 65.5% in 2006

The cell phone penetration rate for Japan will likely hit 65.5 percent in 2006, up from 52.8 percent at the end of 2001, research and consulting firm Gartner Japan Ltd. said Wednesday.
BUSINESS
May 16, 2002

AIG to deal in securities in Japan

American International Group Inc. said Wednesday it will launch a securities business in Japan next week targeting institutional investors.
BUSINESS
May 16, 2002

Dentsu reports profit drop for 2001

Dentsu Inc. on Wednesday blamed sluggish advertising revenues amid the stagnant economy for a 15.6 percent drop in operating profits in the 2001 business year.
BUSINESS
May 15, 2002

Moody's to release Japan debt rating soon

Moody's Investors Service Inc. said Tuesday it plans to announce the results of a three-month review of the Aa3 rating on Japan's sovereign rating by the end of this month.
BUSINESS
May 15, 2002

'Pain' of NTT workers acknowledged

Telecommunications minister Toranosuke Katayama on Tuesday described the transfer of 100,000 Nippon Telegraph and Telephone Corp. employees to 100 new subsidiaries as "(necessary) pain in a transitional period."
BUSINESS
May 15, 2002

Shiokawa says economy has finally bottomed out

Finance Minister Masajuro Shiokawa on Tuesday said Japan's economy has hit bottom, citing improvements in exports, the price trend and the job situation.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
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.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
Could this be Japan’s year at the Kentucky Derby?
Christophe Lemaire rides Admire Daytona, who was bred in Japan, during the UAE Derby at Meydan Racecourse in Dubai on April 5.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
U.S. secretary of the navy weighs ‘dual-use’ shipbuilding with Japan
John Phelan at a Senate confirmation hearing for U.S. secretary of the navy in Washington in February

Podcast

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

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
By Alex K.T. Martin

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