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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.
BUSINESS
Dec 12, 2001

State likely to cut stake in Japan Tobacco

The ruling Liberal Democratic Party's special committee on the tobacco and salt industry endorsed a Finance Ministry proposal Tuesday to cut the government's mandatory stake in Japan Tobacco Inc. to 50 percent from the current 66.7 percent in fiscal 2002 or later, LDP officials said.
BUSINESS
Dec 11, 2001

Swiss drug giant Roche to get control of Chugai

Chugai Pharmaceutical Co. and F. Hoffmann-La Roche Ltd. announced Monday that they will enter a strategic tieup that will place the Japanese drug maker under the umbrella of its Swiss partner but retain the Chugai name.
JAPAN
Dec 8, 2001

Women in business eye support base

KYOTO -- Business leaders from 11 countries agreed Friday to create a network to help women entrepreneurs around the world.
BUSINESS
Dec 8, 2001

Reduction in state's JT stocks sought

The Finance Ministry said Friday that the mandatory percentage of shares held by the government in Japan Tobacco Inc. should be cut to 50 percent in fiscal 2002 from the current 66.7 percent.
BUSINESS
Dec 8, 2001

China starts dumping probe of firms

China began an antidumping probe Friday into imports of raw nylon material from Japan, Belgium, Germany, the Netherlands and Russia, Japan's Ministry of Economy, Trade and Industry said.
BUSINESS
Dec 7, 2001

Two pipe makers agree to set up joint company

Mitsubishi Plastics Inc. and Sekisui Chemical Co. said Thursday they have agreed to a tieup in the field of polyvinyl chloride pipes, featuring the formation of a joint company to control production.
BUSINESS
Dec 7, 2001

Teijin pulls out of power-selling study thanks to Enron

Major chemical and textile maker Teijin Ltd. said Thursday it will scrap a feasibility study with a Delaware company on selling power in Japan due to the failure of the U.S. firm's parent, Enron Corp.
BUSINESS
Dec 6, 2001

Okuda asks for sense of urgency

Hiroshi Okuda, chairman of the Japan Federation of Employers' Associations (Nikkeiren), urged the government and private sector Wednesday to try to prevent a further downgrading of Japan's sovereign ratings to avoid possible panic in the economy.
BUSINESS
Dec 6, 2001

Not all auto industry restructuring drives get same mileage

As Japanese companies in almost all sectors carry out large-scale restructuring, the auto industry can offer them a number of case studies that reflect varying measures of success.
BUSINESS
Dec 5, 2001

Moody's downgrades Japan's domestic bonds

Moody's Investors Service Inc. on Tuesday lowered its rating on yen-denominated domestic securities issued or guaranteed by the government to Aa3 from Aa2 and maintained a negative outlook on these securities.
BUSINESS
Dec 4, 2001

Moody's mulls downgrade for Japan Finance

Moody's Investors Service Inc. said Monday it has assigned a domestic currency issuer rating of Aa2 to the governmental Japan Finance Corp. for Small Business (JFS) and has placed the entity under review for a possible downgrade.
BUSINESS
Dec 1, 2001

Fujitsu to halt U.S. output of flash chips

Fujitsu Ltd. said Friday that it will stop producing flash memory semiconductors in the United States early next year due to cooling demand for the product worldwide amid falling prices.
BUSINESS
Dec 1, 2001

Enron's fall would stifle liberalization: Hiranuma

The expected collapse of U.S. energy giant Enron Corp. will hinder Japan's efforts to liberalize its energy market, Takeo Hiranuma, the minister of economy, trade and industry, said Friday.
BUSINESS
Nov 29, 2001

Retail sales plummet 4.9%; worst fall since January 1999

Domestic retail sales posted a year-on-year fall of 4.9 percent in October, coming in at 10.86 trillion yen, the Ministry of Economy, Trade and Industry said Wednesday.
BUSINESS
Nov 29, 2001

Daiei founder surrenders scepter

Isao Nakauchi, founder of the troubled supermarket chain Daiei Inc., has given up the right to represent any of the firms in the group, industry sources said Wednesday.
BUSINESS
Nov 29, 2001

20% of telephone calls go mobile

Calls between mobile phones accounted for 20.5 percent of all telephone usage in Japan in fiscal 2000, up from 15 percent a year earlier, the telecommunications ministry said Wednesday.
BUSINESS
Nov 29, 2001

Retail sales plummet 4.9%; worst fall since January 1999

Domestic retail sales posted a year-on-year fall of 4.9 percent in October, coming in at 10.86 trillion yen, the Ministry of Economy, Trade and Industry said Wednesday.
BUSINESS
Nov 29, 2001

Daiei founder surrenders scepter

Isao Nakauchi, founder of the troubled supermarket chain Daiei Inc., has given up the right to represent any of the firms in the group, industry sources said Wednesday.
BUSINESS
Nov 28, 2001

S&P places NTT on CreditWatch

Standard & Poor's said Tuesday it has placed its AA long-term credit ratings on Nippon Telegraph and Telephone Corp. and NTT DoCoMo Inc. on CreditWatch, with negative implications.
BUSINESS
Nov 28, 2001

S&P places NTT on CreditWatch

Standard & Poor's said Tuesday it has placed its AA long-term credit ratings on Nippon Telegraph and Telephone Corp. and NTT DoCoMo Inc. on CreditWatch, with negative implications.
BUSINESS
Nov 27, 2001

Fitch downgrades Japan's long-term currency ratings

International credit-rating agency Fitch Ltd. said Monday that it has downgraded Japan's long-term local and foreign currency sovereign ratings to AA from AA-plus, with the negative outlook intact.
COMMUNITY
Nov 25, 2001

Barbie with a tattoo?

HONG KONG -- Barbie's finally ditched her goody-two-shoes image she's even gotten a tattoo.
JAPAN
Nov 25, 2001

Creator of the Z car returns with his revived brainchild

Yutaka Katayama has witnessed Japan's automobile industry grow from the ashes of devastation in World War II to become the best in the world by the end of the 20th century.
BUSINESS
Nov 25, 2001

Fuji Bank's Maeda to take charge at Mizuho

Mizuho Holdings Inc., the holding company for the world's largest banking group, the Mizuho Financial Group, is planning to reshuffle its top management next April and will name Terunobu Maeda as its new president, banking industry sources said Saturday.
COMMUNITY
Nov 24, 2001

Macchinesti: the accidental Ferrari of coffee shops

After the Japanese "kissaten," where coffee was coffee and not a lot more, came Doutor. Then came that all-conquering import, Starbucks, and a stream of similar lifestyle-focused camp followers of both American and Japanese descent. Now, suddenly, we have Macchinesti.
BUSINESS
Nov 23, 2001

Ministers defend budget-finance plan

Several Cabinet ministers on Thursday defended a plan to use funds from the sale of Nippon Telegraph and Telephone Corp. shares to finance a 2.5 trillion yen second supplementary budget for fiscal 2001.

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