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BUSINESS
Aug 23, 2002

Kyoei Mutual pulls out of Millea group merger

Kyoei Mutual Fire & Marine Insurance Co. on Thursday formally announced that it will not join the Millea Insurance Group, bidding to instead strengthen its finances as a subsidiary of the National Mutual Insurance Federation of Agricultural Cooperatives (Zenkyoren).
JAPAN
Aug 22, 2002

Aeon, Life to restock disgraced firm's products

Aeon Co., operator of the Jusco supermarket chain, said Wednesday it will resume selling the products of Nippon Meat Packers Inc., possibly as early as this week.
BUSINESS
Aug 22, 2002

Mizuho reveals interest-setting rules to corporate borrowers

Mizuho Bank has begun divulging its in-house interest-rate guidelines to corporate borrowers in the hope of persuading them to pay higher interest rates, Mizuho officials said Wednesday.
JAPAN
Aug 22, 2002

Takebe slams Nippon Ham punishments

OSAKA -- Farm minister Tsutomu Takebe on Wednesday blasted disciplinary measures taken by Nippon Meat Packers Inc. over a beef mislabeling scandal as "incomplete and incomprehensible to the public," as ministry officials searched the company's offices in Osaka and Tokyo.
BUSINESS
Aug 21, 2002

Nanaboshi execs held over shady bookkeeping

OSAKA -- Prosecutors on Tuesday arrested the president and two former executives of Nanaboshi Co., a plant maintenance firm that went under last year, for allegedly doctoring the company's books to make the business results look better.
BUSINESS
Aug 20, 2002

Nasdaq withdrawal blamed on prolonged economic slump

The head of Nasdaq's international operations reiterated Monday that the prolonged domestic slump was behind Nasdaq Stock Market Inc.'s decision to pull out of Japan.
COMMUNITY
Aug 18, 2002

Something in the air: the charged debate over negative ions

Yes, there's definitely something in the air this year -- and it's not just the regular brew of pollutants and particulates.
JAPAN
Aug 17, 2002

TSE probes Nippon Meat affair

The Tokyo Stock Exchange has begun hearings over possible violations of the bourse's information disclosure rules by Nippon Meat Packers Inc. in relation to a subsidiary's abuse of a government beef-buyback program, TSE officials said Friday.
BUSINESS
Aug 17, 2002

Insurers boost marketing of policies for entertainment events

Insurance firms are stepping up efforts to sell policies covering damage caused by accidents at fireworks displays and other entertainment events organized by municipalities or communities.
JAPAN
Aug 17, 2002

Tokyo OKs sulfur-light diesel sales

The Tokyo Metropolitan Government said Friday it will allow gas stations in the metropolis to sell diesel fuel with a lower sulfur density, which would make it easier for car owners to install equipment that would reduce particulate emissions.
Japan Times
BUSINESS / INDUSTRY TRENDS
Aug 17, 2002

Photo processors bet livelihoods on digital age

For photo shops, the increasing use of digital cameras among consumers means fewer people dropping off rolls of film to be developed and printed.
JAPAN
Aug 16, 2002

Nippon Ham chairman to resign from industry post

Yoshinori Okoso, chairman of Nippon Meat Packers Inc., is expected to resign as head of the Japan Ham & Sausage Processors Cooperative Association in the wake of a farm ministry request that the body take action over a beef-labeling scandal involving a Nippon Meat Packers subsidiary, industry sources...
JAPAN
Aug 15, 2002

Wife of 'Japanese Schindler' sues

The wife of Chiune Sugihara, a Japanese diplomat who helped thousands of Jews flee Nazi persecution, on Wednesday sued a Tokyo publisher over a book she claims libels her dead husband.
COMMUNITY / How-tos / LIFELINES
Aug 15, 2002

A load of computer clubs and a wad of financial advice

This column may be produced in Tokyo, but the newspaper circulates nationwide and indeed is read online worldwide. So we feel we are not doing our jobs properly to focus on Tokyo alone. While we have heard of a Macintosh computer group in Osaka, there must be others -- and in Nagoya, Fukuoka and Sapporo,...
JAPAN
Aug 14, 2002

Child-care service company offers peace of mind for working mothers

OSAKA -- Rieko Ueda started her own business a year ago and expects it to turn a profit early next year, and yet part of her wishes it will someday go bankrupt.
BUSINESS
Aug 14, 2002

'Structured finance market' to swell to 5 trillion yen: S&P

The active flotation of mortgage-backed securities and securities backed by loans to businesses is likely to expand the size of Japan's "structured finance market" to 5 trillion yen in 2002, a U.S. credit-rating agency has said.
BUSINESS
Aug 14, 2002

Sky Perfect scores World Cup own goal

Sky Perfect Communications Inc. said Tuesday its group net loss in the first quarter of fiscal 2002 grew more than sixfold from the year before to 19.36 billion yen due to huge costs related to its broadcasting of the World Cup soccer finals.
BUSINESS
Aug 13, 2002

Indian software services firm seeks to defy recession

Despite a prolonged recession in Japan and a language barrier, Wipro Ltd., a major Indian software services firm, is moving aggressively to take a bigger bite of the market here.
Japan Times
JAPAN / CLOSE NEIGHBORS
Aug 10, 2002

Japanese firms fight back against Chinese copies

A Panasonic CD player, Sony headphones, Toshiba batteries. An extensive array of well-known, Japanese-made products is displayed at an office in Beijing, giving the impression that they are designed to promote imports.
EDITORIALS
Aug 9, 2002

A setback in fiscal reform

Earlier in his administration, Prime Minister Junichiro Koizumi projected an image of aggressive leadership as he called for "no pain, no gain" structural reform. His bold plans included streamlining the bloated government budget. With the economy still struggling to recover, however, he seems to have...
BUSINESS
Aug 9, 2002

Shiokawa wary of corporate tax cut

Finance Minister Masajuro Shiokawa said Thursday it would be "extremely difficult" to carry out permanent tax cuts as part of proposed reductions of more than 1 trillion yen for fiscal 2003.
BUSINESS
Aug 8, 2002

Yamato Kogyo to acquire Korean steelmaker Hanbo

Yamato Kogyo Co., the nation's major electric furnace steelmaker, said Wednesday it has agreed to buy South Korean electric furnace steelmaker Hanbo Corp. in late October.
BUSINESS
Aug 8, 2002

Snow, Otsuka in baby-products deal

Snow Brand Milk Products Co. announced Wednesday it has abandoned talks with Nestle Japan Holding Ltd. over a baby-care products alliance and has instead reached an agreement with Otsuka Pharmaceutical Co.
Japan Times
BUSINESS
Aug 8, 2002

Wireless LAN services untether Internet surfers on the go

With high-speed wireless Internet connection points springing up at retail businesses in Tokyo and other cities, Kazuhiko Sekimoto has become one of many a mobile Internet surfers.
Japan Times
CULTURE / Art
Aug 7, 2002

Artists of the Sun King eclipsed

Even as art galleries and museums around the world contend with falling visitor numbers, stepping inside a Japanese museum can feel more like braving Mitsukoshi on the first day of the summer sales.
BUSINESS
Aug 7, 2002

Mitsui sees group profits fall 24.6%

Trading house Mitsui & Co. said Tuesday its group pretax profits for the April-June quarter fell 24.6 percent from a year earlier to 22.16 billion yen, while revenues slipped 7.9 percent to 2.92 trillion yen.
BUSINESS
Aug 7, 2002

New rules unveiled to revitalize trading on stock markets

Financial Services Minister Hakuo Yanagisawa on Tuesday unveiled a package of measures intended to ease regulations on stock transactions and lure more individual investors into the market.
BUSINESS
Aug 6, 2002

Key gauge shows continuing expansion

Japan's key gauge of the economy stayed above the boom-or-bust line of 50 percent for the fifth month in a row in June, thanks to continued robustness in output-related indicators, the government said Monday in a preliminary report.
JAPAN
Aug 4, 2002

Suzuki allegedly helped contractor by limiting competition on projects

Arrested lawmaker Muneo Suzuki attempted to ensure that a favored contractor won bids on public works projects by excluding competitors, sources said Saturday.

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