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JAPAN
Oct 5, 1998

Investment firm puts trust in disclosure

18th in an occasional series on financial deregulationStaff writerAlliance Capital Investment Trust Management Inc. of Tokyo is attempting to calm anxious customers by fully explaining how their funds have been hurt amid global financial instability, company President Takahiro Fujino said.The severe...
JAPAN
Oct 1, 1998

Nissan to take 76 billion yen loss on shareholdings

Nissan Motor Co. announced Thursday that it will report 75.961 billion yen in unrealized losses on its stockholdings in its earnings results for the first half of fiscal 1998.Nissan, which has been hurt recently by poor business performance, has been aggressively trying to sell assets, including its...
JAPAN
Sep 29, 1998

Foreign firms cool to hot Japanese real estate

Staff writer
JAPAN
Sep 28, 1998

Court awards eye patients 100 million yen

OSAKA -- The Osaka District Court on Monday ordered a company that owns a failed Osaka ophthalmic hospital to pay about 100 million yen to 16 patients who suffered eye damage from the hospital's laser surgery.
JAPAN
Sep 22, 1998

Sumitomo Life buys into Taiheiyo

In an aggressive move to expand its financial services, Sumitomo Life Insurance Co. has purchased about 10 percent of outstanding shares in ailing Taiheiyo Securities Co. and its subsidiary Taiheiyo Investment Trust Management Co., the two companies announced Tuesday.
JAPAN
Sep 22, 1998

Defense Agency scandal yields four indictments

A Defense Agency official and three-defense equipment suppliers were indicted Tuesday on charges of inflicting 2.1 billion yen in damages on the state government through illegal procurement deals of defense equipment.
JAPAN
Sep 21, 1998

Honda unveils compact utility vehicle

In a bid to capture younger customers, Honda Motor Co. on Monday introduced the HR-V, a new compact multipurpose utility vehicle, which hits the market today.
JAPAN
Sep 18, 1998

North Korea launch was aimed at U.S. negotiators, expert claims

Staff writer
JAPAN
Sep 17, 1998

DDI asks ministry to OK international rates

DDI Corp. applied to the Ministry of Posts and Telecommunications for approval of its international telephone rates Thursday, aiming to start international service on Oct. 22.
JAPAN
Sep 11, 1998

Mitsubishi heavyweights form financial services alliance

In a strategic move to secure an edge over competitors amid ongoing "Big Bang" financial deregulations, four financial firms in the Mitsubishi group announced Friday they are forming a business alliance that will provide a wide range of new financial services.
JAPAN
Sep 7, 1998

NEC starts up communications unit in Singapore

NEC Corp. announced Monday it has set up a subsidiary in Singapore to design and develop hardware and software of base stations for wide-band Code Division Multiple Access (W-CDMA), a next-generation wide-band mobile communication system.
JAPAN
Sep 7, 1998

MITI awaits U.S. steel action

The Ministry of International Trade and Industry is closely watching the U.S. steel industry to see whether it will file a suit against Japanese steelmakers for dumping hot rolled steel -- a core commodity, a top ministry official said Monday.
JAPAN
Sep 3, 1998

Toa Steel to announce largest postwar liquidation

Struggling steelmaker Toa Steel Co. has decided to liquidate itself in what will become the largest manufacturing failure to date in Japan's postwar era, a corporate credit research agency said Thursday.
JAPAN
Sep 1, 1998

Nissan develops new emission-cutting powertrain

CHIBA -- Combining its cutting-edge engine and transmission technologies, Nissan Motor Co. has developed a new powertrain that it said can improve its vehicles' fuel economy by 50 percent and reduce carbon dioxide emissions by 35 percent.
JAPAN
Sep 1, 1998

Three held in alleged toll card scam

Tokyo prosecutors Tuesday arrested three men, including a former executive of Japan Hica Co., affiliated with Japan Highway Public Corp., on suspicion of aggravated breach of trust in connection with about 5 billion yen in losses the company suffered, officials said.
JAPAN
Aug 28, 1998

Toyota to take over Daihatsu Motor

Toyota Motor Corp. will take control of Daihatsu Motor Co. by increasing its 34.5 percent stake to 51.2 percent, making Daihatsu its subsidiary, top executives of the two automakers jointly announced Friday.
JAPAN
Aug 26, 1998

Housing firm targets frequent JAS fliers

Japan Air System Co. will extend its frequent flier program to customers of Mitsui Home Co. starting Sept. 1, the two firms jointly announced Wednesday.
JAPAN
Jul 27, 1998

Pop superstar Jackson to open family theme park, toy shops

Pop-music superstar Michael Jackson announced Monday that he has teamed up with a Japanese venture to develop family-oriented children's attractions in Japan and around the world.
JAPAN
Jul 27, 1998

Sanyo, IBM to cooperate in semiconductor development

OSAKA -- Sanyo Electric Co. and IBM Corp. have signed an agreement to cooperate in developing semiconductor technology for digital information consumer products, the two firms announced here Monday.
JAPAN
Jul 24, 1998

GE Capital seals purchase of Lake

GE Capital Services Corp. of the United States has closed an acquisition deal with Lake Co., Japan's fifth-largest consumer credit firm, the two companies announced Friday.
JAPAN
Jul 21, 1998

Condo owners sue housing corporation

More than 1,600 owners of government-built condominiums filed a 15.5 billion yen suit Tuesday against the Housing and Urban Development Corp. over the major discounts it offered new buyers last year.
JAPAN
Jul 21, 1998

Stimulus impact to be 'limited,' BOJ says

The government's comprehensive economic stimulus package featuring additional public works projects and special tax reductions will probably have only a limited impact on contracted private demand, the Bank of Japan said in a report Tuesday.
JAPAN
Jul 15, 1998

Nation's first Viagra death?

The first death in Japan of a person known to have used the blockbuster anti-impotence drug Viagra occurred in early July, the Health and Welfare Ministry said Wednesday.
JAPAN
Jul 15, 1998

The 'Rock' goes for a piece of the 1.2 quadrillion yen

Prudential Insurance Co. of America, the largest life insurance house in the United States, will enter the Japanese financial market by jointly establishing an investment trust management firm with Mitsui Trust & Banking Co., the two companies announced Wednesday.
JAPAN
Jul 14, 1998

Toyota's Prius hybrid heads for overseas environments

Toyota Motor Corp. said Tuesday it will introduce the Prius, equipped with its gasoline-electric hybrid engine, in the North American and European markets by 2000.
JAPAN
Jul 10, 1998

NTT posts 41 billion yen loss on PHS liquidations

Nippon Telegraph and Telephone Corp. announced an extraordinary loss of 41 billion yen Friday for the current 1998 business year to liquidate its nine loss-making personal handy-phone system (PHS) affiliates.
JAPAN
Jul 8, 1998

Domestic wholesale prices fell 2.1% in June

Domestic wholesale prices dropped 2.1 percent in June from the same month last year, down for the fourth consecutive month, the Bank of Japan said Wednesday.
JAPAN
Jul 8, 1998

Kodansha backs youth-identification story

OSAKA -- Kodansha Co. told the Osaka District Court on Wednesday that a story published in one of its monthly periodicals identifying the 19-year-old suspect in a murder case did not violate any laws.
JAPAN
Jul 7, 1998

BMW releases new 3 Series models

BMW Japan Corp. introduced the fully remodeled BMW 3 Series to the Japanese market Tuesday and announced it has started taking orders for the new vehicles at authorized dealers.
JAPAN
Jul 3, 1998

Toray buys out 'ultrasuede' business

Toray Industries, Inc. has acquired the human-made suede business of Spring Industries, Inc., a leading U.S. manufacturer of home furnishings and fabrics, Toray's president announced Friday.

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