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BUSINESS
Feb 10, 2004

Shinsei Bank sets IPO price at 525 yen for listing on TSE

Shinsei Bank said Monday it will make an initial public offering at 525 yen per share when it lists on the Tokyo Stock Exchange on Feb. 19.
BUSINESS
Feb 10, 2004

Japan Tobacco increases pretax profit forecast

Japan Tobacco Inc. said Monday it has raised its group pretax profit forecast for fiscal 2003 to 197 billion yen from 187 billion yen, due to cost cuts in its domestic tobacco operations.
BUSINESS
Feb 10, 2004

Unison Capital eyes Kanebo cosmetics

Venture capital firm Unison Capital Inc. said Monday it has proposed taking over Kanebo Ltd.'s cosmetics operations, challenging Kao Corp.'s bid for the operations.
Japan Times
JAPAN
Feb 7, 2004

Harajuku Segway stunt draws Tokyo cops' ire

Tokyo police turned over to prosecutors Friday their case against a businessman who asked an employee to ride a U.S.-made Segway scooter on a public street, allegedly in violation of the Road Traffic Law.
BUSINESS
Feb 7, 2004

Mitsubishi, wholesalers turn up heat on food firms

Mitsubishi Corp. said Friday it and five food wholesalers will establish a joint venture this month to strengthen their bargaining power in dealing with food makers.
BUSINESS
Feb 7, 2004

JAL sees earnings recover after Iraq war, SARS

Japan Airlines System Corp. said Friday it posted a net profit of 3.7 billion yen in the October-December quarter, as flights to the United States and Europe began to recover after the Iraq war and the SARS outbreak.
BUSINESS
Feb 6, 2004

Yahoo to launch online insurance

Leading Internet portal operator Yahoo Japan Corp. said Thursday it will launch an online insurance business in Japan through an alliance with major U.S. insurance broker Aon Corp.
BUSINESS
Feb 6, 2004

Fuji looks to boost output of cameras

Fuji Photo Film Co. unveiled a five-year business plan on Thursday featuring calls to double its digital camera output to 13 million units in fiscal 2006.
BUSINESS
Feb 6, 2004

Sega Corp.'s profit almost doubles

Profit at video-game maker Sega Corp. nearly doubled during the April-December period on strong sales of arcade-game machines in Japan.
BUSINESS
Feb 5, 2004

ANA soars back to profitability

All Nippon Airways Co. said Wednesday it returned to the black in the October-December quarter due to cost-cutting efforts and higher fares.
JAPAN
Feb 4, 2004

DPJ to support Korean pundit for Upper House

The Democratic Party of Japan will field the head of the Tokyo bureau of the South Korean newspaper Chosun Ilbo in the House of Councilors election this summer.
BUSINESS
Feb 4, 2004

Seiyu to push Olsen twins' products

A clothing line linked to Hollywood celebrity twins Mary-Kate Olsen and Ashley Olsen will be sold at 90 supermarkets operated by Seiyu Ltd., beginning in August, Seiyu and U.S. partner Dualstar Entertainment Group said Tuesday.
Japan Times
JAPAN
Jan 31, 2004

Creator of blue LED wins ¥20 billion patent payout

The Tokyo District Court on Friday ordered midsize chemical maker Nichia Corp. to pay an unprecedented ¥20 billion to the inventor of a key semiconductor device for his transfer of patent rights to the firm.
BUSINESS
Jan 31, 2004

Bad-loan balance of 129 banks falls by 3.7 trillion yen

The combined balance of bad loans at Japan's 129 banks dropped by a net 3.7 trillion yen to 31.6 trillion yen during the April-September period, the Financial Services Agency said Friday.
BUSINESS
Jan 31, 2004

7.15 trillion yen spent on intervention this month

Japan spent 7.15 trillion yen on currency-market intervention in January, marking a new single-month record, Finance Ministry data showed Friday.
BUSINESS
Jan 29, 2004

Oddly, Japan keeps tariffs intact as it gropes for beef

Japan's suspension of U.S. beef imports has created a strange contradiction: As the government searches for alternate sources of beef, it imposes tariffs that help keep overseas beef out.
JAPAN
Jan 28, 2004

Arthritis drug tied to five deaths

Five patients who used Aventis Pharma Ltd.'s Arava rheumatoid arthritis drug have died of pneumonia over the past four months since the drug was launched in Japan, the pharmaceutical company said Tuesday.
EDITORIALS
Jan 27, 2004

Defuse the debt bomb

Japan's public debt continues to swell ominously, yet there is no reassuring long-term scenario for deficit reduction. The government's latest medium-term outlook for economic and fiscal reform amounts to a tacit admission that the balanced budget is, at best, a distant goal.
COMMUNITY / Our Lives / JAPAN LITE
Jan 24, 2004

Hogwarts School on Shiraishi Island

I don't know about you, but for me, last year was rife with bad luck and evil. Then, eureka! I realized why. I had simply not taken the proper precautions. There are plenty of Japanese remedies for keeping away bad luck and evil that I had failed to implement. After last year, I have suddenly become...
BUSINESS
Jan 24, 2004

NEC sets sights on IC tag market

NEC Corp. plans to enter the fast-growing market for integrated circuit tags, company sources said Friday.
BUSINESS
Jan 22, 2004

Insurers set for alliance in Thailand

Nippon Life Insurance Co. and Mitsui Sumitomo Insurance Co. said Wednesday they will link up in life insurance operations in Thailand.
BUSINESS
Jan 22, 2004

Yahoo Japan sees profit grow 87%

Yahoo Japan Corp. said Wednesday its net profit for the October-December period jumped 87 percent to 6.65 billion yen on record advertisement revenue.
JAPAN
Jan 20, 2004

Yamaguchi sends out an SOS over avian flu

Chicken farmers in Yamaguchi Prefecture and the prefectural government urged the national poultry association and other prefectures Monday to help stop sales losses caused by the outbreak of avian flu there.
JAPAN / Media / MEDIA MIX
Jan 18, 2004

'Losing dog' believers are barking up the wrong tree

In last week's column I mentioned that the media now likes to divide people and things into winners and losers (kachigumi, makegumi). This device is mainly used for economic-related matters, but it has trickled down into other social spheres.
Japan Times
JAPAN
Jan 15, 2004

Bird flu so far hasn't led to consumer panic seen with 2001 BSE outbreak

Consumers responded calmly Wednesday to news of the first outbreak of avian flu in Japan since 1925.
JAPAN
Jan 15, 2004

Royalties proposed for book rentals

An advisory panel to Cultural Affairs Agency chief Hayao Kawai issued a report Wednesday calling for the Copyright Law to require book-lending businesses to pay royalties to authors.

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