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Japan Times
JAPAN / CLOSE NEIGHBORS
May 31, 2002

Tourism offers one path to better understanding

The pamphlets lined up at tourist centers scream, "Experience the real Korean-style aesthetic treatment and make your skin smooth!" "Spend three full days in Seoul sightseeing and shopping!"
BUSINESS
May 30, 2002

American Express arm, Mitsui unit sign tieup

Mitsui Mutual Life Insurance Co. and American Express Financial Corp. said Wednesday they have signed a tieup in the asset management business for individual investors.
BUSINESS
May 30, 2002

NEC Infrontia to offer taxi IC card

Telecom equipment maker NEC Infrontia Corp. plans to try out a new integrated circuit card that allows taxi users to make payments and keep travel records, company officials said Wednesday.
Japan Times
JAPAN / CUP COUNTDOWN
May 29, 2002

Hotels vie for World Cup windfall

As the Friday opening of the 2002 FIFA World Cup approaches, hoteliers in and around Tokyo are making last-minute efforts to get their slice of the hoopla that will carry on through the next month.
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.

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