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BUSINESS
Jan 5, 2002

New blue-chip index planned

The over-the-counter stock market plans to create a new index of blue-chip issues in April to attract more investors to the market.
SPORTS / SPORTS SCOPE
Jan 4, 2002

Auction house strikes out with bogus Ichiro bat

A good friend of mine collects sports memorabilia and contacted me last month with an interesting tale.
BUSINESS
Jan 4, 2002

Tokyo stocks expected to recover by yearend

Share prices on the Tokyo Stock Exchange are predicted to gradually recover toward the end of 2002 after testing lows at the start of the year amid growing fears of credit risks.
Japan Times
BUSINESS
Jan 4, 2002

Imported appliances selling well as buyers search for simplicity

Reiko Shibata, a 48-year-old housewife in Musashino, western Tokyo, occasionally visits Gaikoku Kaden, a neighborhood shop specializing in imported home appliances ranging from General Electric refrigerators and Dyson vacuum cleaners to La Pavoni espresso makers and Cuisinart blenders.
BUSINESS
Dec 29, 2001

Mizuho to write off latent losses on derivatives trading

The Mizuho Financial Group has decided to write off all unrealized losses in derivative transactions by using "merger profit" after reorganizing its group banks in April, company officials said Friday.
BUSINESS
Dec 29, 2001

Mitsui mulls low-pollution project

Mitsui & Co. and the government-affiliated Inpex Corp. may participate in a Qatari project to develop low-pollution liquid fuel from natural gas, company sources said Friday.
BUSINESS
Dec 28, 2001

Industrial output declines 1.8%

Industrial output for November declined 1.8 percent from a month before to a 14-year low, according to a preliminary report released Thursday by the Ministry of Economy, Trade and Industry.
BUSINESS
Dec 28, 2001

Mitsui Mutual to get 100 billion yen cash injection

Mitsui Mutual Life Insurance Co. said Thursday that Sumitomo Mitsui Banking Corp. and other firms have agreed to plow a combined 100 billion yen into its foundation funds to improve its financial health.
BUSINESS
Dec 27, 2001

Nippon Steel, French firm holding talks

Nippon Steel Corp. said Wednesday it is engaged in talks with French steelmaker Usinor SA over cooperation in the U.S. market but nothing has been finalized.
BUSINESS
Dec 26, 2001

Several brokerages lack secondary check on orders

Several brokerage houses lack a counterchecking system to prevent orders from being misplaced in stock and convertible bond transactions, according to the results of a recent survey conducted by the Tokyo Stock Exchange.
BUSINESS
Dec 26, 2001

Four MTFG securities houses to merge

Mitsubishi Tokyo Financial Group Inc. said Tuesday its four group securities companies -- Kokusai Securities Co., Tokyo-Mitsubishi Securities Co., Tokyo-Mitsubishi Personal Securities Co. and Issei Securities Co. -- have agreed to merge on July 1. Kokusai Securities will be the surviving entity.
BUSINESS
Dec 26, 2001

Matsushita group firms to become wholly owned

OSAKA -- Matsushita Electric Industrial Co. plans to transform some of its group firms into wholly owned subsidiaries as part of efforts to reorganize its group businesses and make operations more efficient, company sources said Tuesday.
BUSINESS
Dec 26, 2001

Asahi Bank to be wholly owned unit

Daiwa Bank Holdings Inc. will make Asahi Bank a wholly owned subsidiary on March 1 through a share-swap scheme, the banks announced Tuesday.
CULTURE / Books / THE ASIAN BOOKSHELF
Dec 23, 2001

On a slow boat to Bangkok

SLITHERING SOUTH: by Steve Van Beek. Hong Kong: Wind & Water, Inc., 2001. 430 pp. with map and glossary, $11.95. Sliding (or bumping) down the shallow Ping River, the long tributary that joins the Chao Phya and flows through Bangkok, Steve Van Beek pondered his odyssey. Having begun in the river's headwaters...
JAPAN
Dec 19, 2001

Wholesalers still clinging on

While foreign retailers are seeking to trade directly with Japanese manufacturers in an effort to cut costs and prices, wholesalers will continue to play a key role in the domestic distribution chain, according to Seiichiro Kojima, president of nonfood wholesaler Chuo Bussan Corp.
BUSINESS
Dec 19, 2001

Toshiba to pull out of DRAMs

Toshiba Corp. said Tuesday it will terminate its business in dynamic random access memory chips next year in a reorganization aimed at securing profitability in its semiconductor business in fiscal 2002.
Japan Times
JAPAN / INTERNATIONAL RATIONALE
Dec 19, 2001

Foreign retailers relying on adaptability to survive

When French retailer Carrefour and U.S.-based Costco Wholesale Corp. opened their outlets in Makuhari, Chiba Prefecture, a year ago, many saw the foreign stores as a threat to domestic supermarkets.
BUSINESS
Dec 18, 2001

Nikko Asset chief takes fall for MMF plunge

Kazuyoshi Kimura, president of Nikko Asset Management Co., will resign to take responsibility for massive cancellations of its money management funds following their price plunge, the company said Monday.
BUSINESS
Dec 18, 2001

Yasuda, Nissan, Taisei fire insurers call off merger

Yasuda Fire & Marine Insurance Co., Nissan Fire & Marine Insurance Co. and Taisei Fire & Marine Insurance Co. said Monday they have formally canceled their agreement to merge because of Taisei Fire's collapse last month.
BUSINESS
Dec 18, 2001

Nomura Research makes firm TSE debut

Nomura Research Institute Ltd., the economic research and consulting arm of Nomura Securities Co., debuted Monday on the first section of the Tokyo Stock Exchange with an opening price of 14,850 yen, against its initial public offering price of 11,000 yen per share.
BUSINESS
Dec 17, 2001

Discount chains thrive amid Ginza's chic boutiques

With the end of the year just around the corner, Christmas shoppers visiting Tokyo's posh Ginza commercial district may find a new aspect to the area this winter.
JAPAN
Dec 17, 2001

Shiodome development to spruce up center of Tokyo

The southern half of central Tokyo is teaming with development projects aimed at reviving a city long criticized for its lack of space and greenery.
BUSINESS
Dec 17, 2001

Think tanks negative on '02 economy

Eight of Japan's 10 major private-sector think tanks predict the nation's economy will shrink between 0.3 percent and 1.2 percent in fiscal 2002, painting a bleaker picture than the government's earlier forecast of zero percent growth.
BUSINESS
Dec 16, 2001

Nomura research unit to join TSE

Nomura Research Institute Ltd., the economic research and consulting arm of Nomura Securities Co., will make its debut Monday on the First Section of the Tokyo Stock Exchange.
JAPAN
Dec 15, 2001

Consumers chasing peace of mind: Dentsu

Japanese sought peace of mind rather than life in the fast lane this year amid the ongoing economic decline, according to a sales trends report released by the nation's top advertising agency.
BUSINESS
Dec 13, 2001

Seiko unit to produce in Thailand

Seiko Corp. said Wednesday its wholly owned subsidiary Seiko Precision Inc. will shift domestic production of camera devices to Thailand to enhance its competitiveness.
Japan Times
BUSINESS
Dec 13, 2001

Daiwa Bank Holdings established

OSAKA -- Daiwa Bank and two regional banks established Daiwa Bank Holdings Inc. on Wednesday to integrate their management and create the largest financial group in the Kansai region.
BUSINESS
Dec 13, 2001

Panel threatens NTT with splitup

An advisory panel to the telecommunications minister said that Nippon Telegraph and Telephone Corp. should be reorganized or split up if steps to promote competition in the telecom market fail.
BUSINESS
Dec 13, 2001

Yoshinoya to open in Philippines

Fast-food chain operator Yoshinoya D&C Co. said Wednesday it will open two restaurants in Manila this month, its first in the Philippines. Yoshinoya, which sells seasoned beef strips and rice known as "gyudon," said the first outlet will open Saturday and the second on Dec. 22.
BUSINESS
Dec 13, 2001

Hitachi, Corning in cable venture

Hitachi Cable Ltd. said Wednesday it has agreed with Corning Cable Systems LLC of the United States to set up a 50-50 joint venture next month for the manufacture of optical fiber cable in Japan.

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