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JAPAN
Jul 4, 2000

Diet members earn more despite slump

The average income among Diet members in 1999 was 30.44 million yen, up 1.94 million yen from a year earlier, according to a report released Monday.
JAPAN
Jul 4, 2000

20% in Diet received pensions in 1999

One in five Diet members received pensions from their earlier jobs, on top of their 24.03 million yen basic salary as legislators, according to the report on lawmakers' 1999 income released Monday.
JAPAN
Jul 3, 2000

Detention of ex-minister Nakao extended

The Tokyo District Court has decided to allow former Construction Minister Eiichi Nakao to be detained for another 10 days through July 11, sources said Sunday.
EDITORIALS
Jul 1, 2000

Cutting the price of diamonds

The links between diamonds and some of the world's deadliest conflicts are becoming clearer every day. Diamonds play a critical role in the wars in Africa. It is estimated that Angolan rebels earned more than $4 billion in 1998 from the sale of the gems. The sale of mining rights has spurred foreign...
BUSINESS
Jul 1, 2000

Japan offers compromise in NTT dispute

Posts minister now suggests that 22.5% cut in less than three years possible Japan on Friday offered a compromise in the long-standing dispute with the United States over telephone connection rates, bringing the two nations closer to resolving the bilateral trade row before the upcoming Group of Eight...
BUSINESS
Jun 30, 2000

Uniqlo hired to revive Mitsukoshi

Mitsukoshi Ltd. said Thursday that its Yokohama store will rent out space for the first time to Uniqlo, a low-key brand known for inexpensive and trendy casual clothing -- in a bid to attract younger customers.
COMMUNITY
Jun 29, 2000

Fresh ideas keep old traditions alive

"A hundred people must have told me it was impossible," said Sarah Cummings as we sipped sake in the stylish Kurabu restaurant in the village of Obuse.
BUSINESS
Jun 29, 2000

NTT breakup fails to level playing field

Nearly a year after the splitup of Nippon Telegraph and Telephone Corp., the big experiment is coming under scrutiny as questions are raised over whether its new profile has actually made a difference.
JAPAN
Jun 28, 2000

Top farm bureaucrat pleads not guilty to bribery

An elite farm ministry bureaucrat pleaded not guilty Tuesday to helping an agricultural cooperative in Kagawa Prefecture secure farm subsidies in exchange for entertainment worth 2.9 million yen.
BUSINESS
Jun 28, 2000

Three DaimlerChrysler execs to join MMC board

Shareholders of Mitsubishi Motors Corp. approved a plan Tuesday to have on the company's board of directors three people appointed by DaimlerChrysler AG, which is to become Mitsubishi Motors' main shareholder.
BUSINESS
Jun 28, 2000

Low-yen policy may falter if BOJ ups rates

Bank of Japan Policy Board members have begun openly signaling a policy switch, apparently taking comfort from reports pointing to an economic pickup.
COMMENTARY / World
Jun 26, 2000

China between a rock and a hard place

OXFORD, England -- There has been much discussion recently about whether China is heading for a soft landing or hard landing. My first reaction to such discussions is always to ask landing from what? In this case the answer is relatively easy, the Asian financial crisis of 1997, from which China allegedly...
JAPAN
Jun 26, 2000

Tobacco scam included sales

A 58-year-old company president arrested Saturday for possessing thousands of packs of counterfeit cigarettes in apparent violation of the Trademark Law is also suspected of marketing the tobacco in violation of the Tobacco Business Law, police sources said Sunday.
BUSINESS
Jun 23, 2000

7dream.com Web shop to open in July

7dream.com Ltd., a joint venture centered on convenience store chain Seven-Eleven Japan Co., announced Thursday that it will open one of the nation's biggest e-commerce shopping Web sites on July 1.
JAPAN
Jun 21, 2000

Close digital divide: ministry

An environment better suited to the Internet and cellular phones is urgently needed for the development of the rapidly growing "new economy" in Japan, the Posts and Telecommunications Ministry said in a report released Tuesday.
BUSINESS
Jun 21, 2000

Sogo may sell prime Osaka store to rival

OSAKA -- Sogo Co., a financially strapped department store chain, is in talks with longtime rival Mitsukoshi Ltd. on selling its flagship store in a prime Osaka shopping district, sources close to the talks said Tuesday.
BUSINESS
Jun 20, 2000

Official cool to NTT's call to revise law

A top posts and telecommunications regulator on Monday brushed aside a call by the head of Nippon Telegraph and Telephone Corp. to revise the law governing NTT's operations to resolve a row between Japan and the United States.
BUSINESS
Jun 20, 2000

Cresvale chief denies being part of bond fraud

The former chairman of Cresvale International Ltd.'s Tokyo branch pleaded not guilty Monday to charges that he violated the Securities and Exchange Law by selling so-called Princeton bonds to clients while knowing they would be irredeemable.
JAPAN
Jun 20, 2000

Scandal-tainted kingmaker also a 'caring man'

The political career of the late Noboru Takeshita was rocked by a series of scandals that forced him to largely wield his influence from behind the scenes after he stepped down as prime minister in 1989.
JAPAN
Jun 18, 2000

PC outlet staffed by Aum delayed

The scheduled opening Saturday of a personal computer sales outlet in Tokyo's Chiyoda Ward, to be staffed by followers of the Aum Shinrikyo cult, has been postponed due to a request from the landlords, sources close to the store said.
BUSINESS
Jun 17, 2000

Second-tier banks regained profits in '99

Second-tier regional banks returned to profitability in fiscal 1999 for the first time in four years due largely to a substantial drop in bad-loan writeoffs and profits from share sales, an industry association said Friday.
JAPAN
Jun 16, 2000

Sumitomo halts sales of rubber gloves with hormone disrupters

Sumitomo Rubber Industries Ltd. said Thursday that it will stop selling vinyl chloride gloves for use in preparing food, in response to a warning Wednesday by the Health and Welfare Ministry that the gloves contain hormone disrupters.
JAPAN
Jun 16, 2000

Kubota-linked 'sokaiya' held

OSAKA — Osaka Prefectural Police on Thursday arrested two "sokaiya" corporate racketeers on suspicion of accepting 85 million yen in bribes from major machinery maker Kubota Corp. in the form of billboard rental fees, police sources said.
BUSINESS
Jun 16, 2000

Hewlett-Packard, Softbank planning PC joint venture

Hewlett-Packard Co. of the United States will be entering the Japanese personal computer market by setting up a joint venture with Softbank Corp. and selling home-use products on the Internet, the U.S. firm's chief executive officer announced Thursday.
BUSINESS
Jun 15, 2000

Corporate failures climb for seventh month in a row

Corporate bankruptcies in Japan rose 12.4 percent in May from the previous year to 1,528 cases, marking the seventh consecutive monthly rise, a private credit research agency said Wednesday.
BUSINESS
Jun 15, 2000

NTT calls for relaxing of law as prerequisite to bigger cuts

The law concerning the Nippon Telegraph and Telephone Corp. group should be revised to grant more freedom to its two local calling companies and the revision should be a prerequisite to any further cuts in the connection fees it charges other telecommunications firms, the NTT Corp. president said Wednesday....
BUSINESS
Jun 15, 2000

MITI to help small firms access giants in Internet age

The Ministry of International Trade and Industry will create a council in July to give all-around support to small office/home office businesses, officials said Wednesday.

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