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JAPAN
Dec 15, 1998

NCB Mortgage applies for bankruptcy

NCB Mortgage Co., an affiliate of the nationalized Nippon Credit Bank, applied to the Tokyo District Court for voluntary bankruptcy on Tuesday, company officials said.
JAPAN
Dec 11, 1998

U.S. lagging on defense deliveries: audit board

The United States failed to deliver 46.1 billion yen worth of defense equipment to Japan as of the end of fiscal 1997, despite Japan's advance payment, a Board of Audit report showed Friday.
JAPAN
Dec 10, 1998

Iwanami films files for protection

Iwanami Productions Inc., a major documentary film producer, on Thursday sought court protection from creditors under the bankruptcy law.
JAPAN
Dec 9, 1998

Kinki Nippon to sell HQ for retiree pay

Kinki Nippon Tourist Co. will sell its headquarters to Kinki Nippon Railway Co. later this month to raise retirement funds for personnel retiring early under its streamlining efforts, officials announced Wednesday.
JAPAN
Dec 7, 1998

Nissan, Hitachi to jointly research advanced auto technologies

To survive costly high-tech global competition in the auto industry, Nissan Motor Co. and Hitachi Ltd. announced Monday they are studying an alliance to jointly develop next-generation electronic technologies for automobiles.
JAPAN
Dec 7, 1998

Hiroshima mayor's refusal to run laid to economic woes

HIROSHIMA -- The announcement by Hiroshima Mayor Takashi Hiraoka that he will not seek a third term has thrown next year's election into uncertainty.
JAPAN
Dec 2, 1998

Recovery set for autumn, says Economic Strategy Council

Japan's economy seems to have hit bottom and the government's economic stimulus measures will start to be effective by next fall, the chairman of Prime Minister Keizo Obuchi's economic advisory panel said Wednesday.
JAPAN
Nov 24, 1998

15 major banks to seek funds

Of the nation's 18 major banks, 15 will apply for public funds injections within the fiscal year under the provisions of the new bank recapitalization law, the banks announced Tuesday with their midterm earnings results.
JAPAN
Nov 23, 1998

Frozen pizza entrepreneur opens doors for female execs

22nd in a series of occasional articles about venture businesses
JAPAN
Nov 20, 1998

Mitsui O.S.K., Navix Line announce maritime megamerger

Mitsui O.S.K. Lines Ltd. and Navix Line, Ltd., the country's second- and fourth-largest maritime transport companies, will merge as of April 1, becoming one of the biggest maritime carriers in the world, top executives of the two companies announced on Friday.
JAPAN
Nov 19, 1998

NEC to calculate refund owed to Defense Agency, NASDA

NEC Corp. announced Thursday that it will give back the money it overcharged the Defense Agency and the National Space Development Agency of Japan for defense and space-related equipment over several years.
JAPAN
Nov 12, 1998

Mazda's cost-cutting pays off

While many automakers struggle with shrinking profits amid the serious economic slump, Mazda Motor Corp. is reaping the fruits of desperate cost-cutting efforts. On Thursday it reported consolidated midterm net profits for the first time since fiscal 1991.
JAPAN
Nov 5, 1998

Sapporo joins Taiwanese group for restaurant venture

Sapporo Breweries Ltd., a major beer brewer, said on Thursday it has set up a joint venture in Taiwan with a local business group to run a beer restaurant chain featuring the company's draft beer products and non-Chinese dishes.
JAPAN
Oct 30, 1998

Toyota unveils Altezza sedan

Toyota Motor Corp. unveiled its new 2-liter Altezza sports sedan Friday, the first car solely developed for Netz Toyota, the company's new dealership network launched in August, company officials said.In August, Toyota renamed Auto, one of its five major dealership networks, to Netz Toyota, aiming to...
JAPAN
Oct 30, 1998

JAL first-half profits down 9.1%

Japan Airlines Co. reported 27.8 billion yen in operating profits on an unconsolidated basis for the first half of fiscal 1998, down 24.4 percent from the same period of the previous year, due to the downward trend of air fares, the officials announced on Friday.For the April-September period JAL posted...
JAPAN
Oct 30, 1998

ASEAN business leaders urge Japan to lead Asian recovery

OSAKA -- Southeast Asian business leaders called on Japan to take charge of healing the ailing Asian economy as they closed the 24th ASEAN-Japan Business Meeting here Friday.Tan Sri Dato' Azman Hashim, chairman of Arab-Malaysian Banking Group, said that ASEAN nations hope Japan will take the lead in...
JAPAN
Oct 28, 1998

Amway says it will change distribution system

Amway Japan Ltd., a direct marketer of household goods and food, will introduce a new distribution system next month to increase the transparency of its business, Amway officials said Wednesday.The head of the Japan Consumer Information Center told a Diet committee last year that the center had received...
JAPAN
Oct 27, 1998

Seafood exec held over tainted salmon roe sales

SAPPORO -- The former president of a fish processing firm in Hokkaido was arrested Tuesday on suspicion of having knowingly sold salmon roe tainted with E. coli bacteria, which sickened dozens of people nationwide, police officials said.The arrest reportedly marks the first time a food company manager...
JAPAN
Oct 21, 1998

R.I. Japan volunteers card sales for refugees

R.I. Japan, a Tokyo volunteer organization assisting refugees in countries that include Rwanda and Myanmar, is again selling Christmas cards to raise funds, an activity it has been engaged in since 1980.The organization is selling seven types of Christmas cards, including those bearing copies of paintings...
JAPAN
Oct 21, 1998

DDI begins international telecom service

DDI Corp., the country's second-largest telecommunications carrier, will launch an international telephone service today, and its low-rate approach is expected to intensify price competition among carriers.DDI, which offers international service to 235 destinations, sets its international rates for...
JAPAN
Oct 20, 1998

Standards urged for 'barrier-free' goods

Staff writerImagine an Othello game designed so that its black and white pieces can be distinguished by touch, enabling visually impaired people to play.This is one proposed "barrier-free" product, an item that facilitates the lives of people with disabilities.Beer cans with tiny protrusions on their...
JAPAN
Oct 19, 1998

E-money system could mean hassle-free concert tickets

To spare concertgoers the nuisance of buying tickets by phone and picking them up at the box office, major promoters have teamed up with an information technology firm to begin limited sales of tickets by use of electric money, officials said Monday.Late last month, the All-Japan Concert Tour Promoters'...
JAPAN
Oct 19, 1998

Tax cut details to be aired in December

The government will spell out by mid-December details regarding corporate and individual income tax cuts designed to stimulate sagging consumer spending, International Trade and Industry Minister Kaoru Yosano told major retailers Monday, according to a ministry official.During an hourlong meeting with...
JAPAN
Oct 15, 1998

JNR repayment plan wins Diet approval

Laws for disposing of 27.8 trillion yen in debts left behind by the now-defunct Japanese National Railways were enacted Thursday when the Upper House approved the measures by a margin of 129-113.Under the laws, the huge debts will be disposed of over 60 years, mostly by using taxpayer money and by requiring...
JAPAN
Oct 15, 1998

Industrial output lowest since May '94

Industrial output dropped by 1.3 percent from July to August, falling to the lowest level since May 1994, according to a revised report issued Thursday by the Ministry of International Trade and Industry.In a preliminary report released earlier, MITI said industrial output in August declined 0.6 percent.Due...
JAPAN
Oct 14, 1998

Corporate failures in first half surge to postwar high

The number of corporate bankruptcies with debts of more than 10 million yen each totaled 10,034 during the first half of fiscal 1998 -- the April to September period -- major corporate research firm Teikoku Databank said Wednesday.It was the first time in 14 years the figure has exceeded 10,000 during...
JAPAN
Oct 13, 1998

SmithKline wins 3 billion yen lawsuit

SmithKline Beecham Seiyaku K.K. was awarded some 3 billion yen in damages in a patent infringement lawsuit, the largest compensation ordered in such a case in Japan, the drug maker said.The Tokyo District Court ruled Monday that Fujimoto Seiyaku Co., a drug maker based in Osaka Prefecture, sold an ulcer...
JAPAN
Oct 8, 1998

Yen bulks up to 114; Nikkei takes dive

The dollar continued plummeting against the yen Thursday morning in London, briefly dropping to the 114 level for the first time since July 1997 on stop-loss sales by U.S. hedge funds.While the yen's sudden muscle is a mixed blessing for Japan -- it hurts exporters but helps banks struggling to maintain...
JAPAN
Oct 7, 1998

NEC, Toyo raided over illegal equipment deals

Investigators from the Tokyo District Public Prosecutor's Office raided the head offices of NEC Corp. and Toyo Communications Corp., both in Tokyo's Minato Ward, on Wednesday to collect evidence to substantiate charges against four officials at Defense Agency contractors who were arrested Tuesday.The...
JAPAN
Oct 6, 1998

Daihatsu unveils new minicar lineup

Daihatsu Motor Co. announced the launch of its fully redesigned Mira, Move, and Terios Kid minicar models Tuesday in line with new Japanese regulations for minicars implemented at the beginning of the month.Daihatsu, a major minicar manufacturer based in Osaka, hopes to raise its current 25 percent...

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