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BUSINESS
Apr 11, 2002

Ito-Yokado to sell Daikuma stake

The Ito-Yokado retail group has agreed to sell its entire equity stake in Daikuma Co. to Yamada Denki Co. and Nomura Principal Finance Co., the ailing retailer announced Wednesday.
JAPAN
Apr 11, 2002

Insurer offers marrow donor leave

Sony Life Insurance Co. has become the first life insurer in the nation to establish a system offering special holidays for employees donating bone marrow, officials of the firm said Wednesday.
BUSINESS / TAKING STOCK
Apr 9, 2002

Stocks look good but watch the foreigners

Tokyo stocks have been on the rise since bottoming out on Feb. 6.
COMMENTARY
Apr 8, 2002

The 'corporate governance' debate

Over the past decade, "corporate governance" has come to replace "industrial policy" and "Japanese-style management" as the key factor to explain Japanese business performance.
Japan Times
COMMUNITY
Apr 7, 2002

The trickle-down effect

It's late in Tokyo's Yurakucho district, and the pachinko parlors clustered here have shut off their garish neon signs. The consoles through which the game's trademark metal balls are sent cascading have gone quiet, and the hard-core players who hang on until closing time are scurrying out onto the pavement...
BUSINESS
Apr 6, 2002

Key gauge of economy stays well below 50%

The key gauge of the state of the economy remained below the boom-or-bust line of 50 percent in February for the 14th straight month, but the index of leading indicators topped the threshold for the second consecutive month, the government said Friday.
BUSINESS
Apr 6, 2002

Mitsubishi to sell U.S. cancer test

Mitsubishi Chemical Corp. will begin domestic sales of a U.S.-made screening device for cervical cancer in mid-April, company officials said Friday.
Japan Times
COMMUNITY
Apr 6, 2002

Y.E.S.: An English teaching system that works

In 1994, Northern-Ireland born Douglas Young was running two small branches of his English conversation school Formula 1 in the pottery town of Kasama, Ibaraki Prefecture. He and his English wife then moved to Hitachi Naka, where Douglas opened a main office and Alison had her first child. The family...
Japan Times
JAPAN
Apr 6, 2002

Female entrepreneurialism a budding industry

About 20 ambitious women in their 20s and 30s, some from as far afield as Hiroshima and Miyagi prefectures, gathered one Saturday at a Women Entrepreneurs School course in Tokyo.
JAPAN
Apr 6, 2002

Mad cow losses put at 365 billion yen

Mad cow disease caused at least 365 billion yen in damage to the farming sector and related industries, according to the Agriculture, Forestry and Fisheries Ministry.
BUSINESS
Apr 5, 2002

METI plans rebuttal to U.S. trade claims

The Ministry of Economy,Trade and Industry will address Japan's auto and steel market practices when it compiles a rebuttal to the recent U.S. annual report on trade barriers, the ministry's top bureaucrat said Thursday.
Japan Times
JAPAN
Apr 5, 2002

Waseda community makes recycling pay

"Super Oyaji," also known as grocer Junichiro Yasui, has been gaining attention for his green streak -- and it has nothing to do with his produce section.
BUSINESS
Apr 5, 2002

Asahi Mutual's new policy contracts see 17% increase

Struggling Asahi Mutual Life Insurance Co. said Thursday the number of new policy contracts in the 2001 business year is estimated to have grown 17 percent due to brisk sales of new products.
Japan Times
JAPAN / KANSAI BEAT
Apr 4, 2002

Win for Tigers in 2002 pennant race may spark Kansai recovery: analyst

OSAKA -- As a rabid Hanshin Tigers fan, Daiwa Research Institute President Koichi Kunisada seems pretty sure of the destiny of this year's Central League pennant -- it is bound for Osaka.
BUSINESS
Apr 4, 2002

Nippon Steel in talks over unit merger

Nippon Steel Corp. is engaged in final negotiations with its two group firms on the proposed merger of the units this business year, informed sources said Wednesday.
Japan Times
JAPAN
Apr 4, 2002

Group targets family ties via storytelling

As soon as the men would arrive on their big black bikes, children would cheer, set aside their toys and swarm around them even before they began sounding their wooden clappers. A signature large wooden box with openings and drawers was mounted on the back of their bicycles.
BUSINESS
Apr 4, 2002

Asahi, Maxxium reach liquor deal

Asahi Breweries Ltd. said Wednesday it has reached a basic agreement with Dutch liquor wholesaler Maxxium Worldwide to acquire the exclusive rights to sell Remy Martin and other premium spirits on the Japanese market, excluding Okinawa.
EDITORIALS
Apr 3, 2002

Not an enduring recovery

A ray of sunlight is breaking through the clouds. That may be one way to describe the state of Japan's economy, judging from the latest "tankan" quarterly survey of business sentiment. The March report from the Bank of Japan, released Monday, says the confidence index for major manufacturers has stopped...
BUSINESS
Apr 3, 2002

Taipei, Seoul face dumping accusation

The government is set to accuse South Korean and Taiwanese companies of exporting polyester staple fiber to Japan at unfairly low prices and levy antidumping duties on their imports, government sources said Tuesday.
Japan Times
BUSINESS
Apr 3, 2002

Tokyo Marine, Nichido Fire integrate into holding firm

Tokio Marine & Fire Insurance Co. and Nichido Fire & Marine Insurance Co. integrated their operations Tuesday and established a holding company that will eventually cover the Millea Insurance Group, which comprises three nonlife and one life insurer.
Japan Times
JAPAN
Apr 2, 2002

Nonsmokers little-served by air purifiers

Whether they are waiting to board a flight at Tokyo's Haneda airport or taking a break in the lobby of a government ministry in the Kasumigaseki district, smokers nowadays are often herded into areas with prominent air filtering devices.
BUSINESS
Apr 2, 2002

'Tankan' report shows gloom lifting among big manufacturers

The decline in corporate sentiment among large manufacturers slowed for the first time in five quarters but remains weak overall, according to the Bank of Japan's quarterly "tankan" survey released Monday.
BUSINESS
Apr 2, 2002

Mizuho Holdings sees new dawn

Mizuho Holdings Inc., the world's largest banking group by assets, made a fresh start Monday as its three core banks merged into two -- Mizuho Bank and Mizuho Corporate Bank.
Japan Times
BUSINESS
Apr 1, 2002

Nissan Construction Co., stiffed by Mycal, files for protection

Nissan Construction Co., affiliated with collapsed retailer Mycal Corp., has filed for protection from creditors.
EDITORIALS
Mar 31, 2002

Wal-Mart, Sprawl-Mart

Two weeks ago, Wal-Mart Stores Inc. announced a deal with local supermarket chain Seiyu that would give the U.S. cut-price retail colossus a foothold in the Japanese market: a 6.1 percent share in Seiyu now, with an option to increase its stake to two-thirds by the end of 2007. The announcement has been...
BUSINESS
Mar 30, 2002

Industrial production rises 1.3%

Japan's industrial production rose a seasonally adjusted 1.3 percent in February, the government reported Friday.
BUSINESS / ON THE FRONT LINE
Mar 29, 2002

Brace for realities of the new fiscal year

The recent developments on the Tokyo stock market have been perplexing.
BUSINESS
Mar 29, 2002

DoCoMo set to post appraisal losses

NTT DoCoMo Inc. said Thursday it may, if necessary, post appraisal losses on its overseas investments for the 2001 business year due to stock price movements.
BUSINESS
Mar 29, 2002

Japan Telecom forges alliance with Qwest

Japan Telecom Co. said Thursday it has agreed with Qwest Communications Corp. of the United States to jointly offer international data communications network services in Japan, the U.S. and Europe.
EDITORIALS
Mar 28, 2002

A fairer tax system needed

Two years ago the Tokyo Metropolitan Government imposed a controversial tax on large banks doing business in the capital, with business size, not income, as the standard. Twenty-one banks (now 18 due to reorganization) filed a lawsuit seeking repeal of the tax. On Tuesday the Tokyo District Court ruled...

Longform

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