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BUSINESS
Jun 14, 2006

U.S. accounting firm to try again

PricewaterhouseCoopers said Tuesday it has formed a new auditing company in Japan following an official penalty slapped on its longtime Japanese ally, ChuoAoyama PricewaterhouseCoopers.
JAPAN / Science & Health / NATURAL SELECTIONS
Jun 14, 2006

Where are these life-saving drugs in Japan?

Wataru Tsurumi's book, "The Complete Manual of Suicide," was a best seller in Japan and it's easy to see why. He was writing for a market that is particularly interested in self-destruction.
BUSINESS
Jun 8, 2006

Prince Hotels falls further into red

The reorganized Seibu Group said Wednesday its Prince Hotels chain had a net loss of 37.2 billion yen in fiscal 2005, an increase from the previous year's loss of 32 billion yen.
BUSINESS
Jun 6, 2006

Murakami fund to sell Hanshin stake to Hankyu

The investment fund led by Yoshiaki Murakami announced Monday that it is selling its shares in Hanshin Electric Railway Co., paving the way for Hankyu Holdings Inc.'s takeover bid for Hanshin.
BUSINESS / JAPANESE PERSPECTIVES
Jun 5, 2006

A sleuth's Marple-lous take on takeover bids

In the novel "A Caribbean Mystery," Miss Marple asks Mr. Rafiel about takeover bids. She sounds like someone who is talking about a word in a foreign language.
BUSINESS
Jun 3, 2006

Hankyu's tender stays on course

Hankyu Holdings Inc. President Kazuo Sumi on Friday ruled out the possibility of his firm changing its public tender offer for Hanshin Electric Railway Co. shares and said it would no longer negotiate with Murakami fund, the top Hanshin shareholder, on the issue.
BUSINESS
May 31, 2006

Murakami fund mum as Hankyu opens Hanshin bid

Hankyu Holdings Inc. launched its planned public tender offer Tuesday for shares of Hanshin Electric Railway Co., leaving industry watchers to speculate about how Hanshin's biggest shareholder, the Murakami fund, will respond.
Japan Times
COMMUNITY / Issues / THE ZEIT GIST
May 30, 2006

Japan ready to battle 'culinary imperialists'

Earlier this year I was commissioned by a British newspaper to research a Japanese company called Hakudai, which was reputed to be putting whale meat into dog food.
BUSINESS
May 30, 2006

Seafood dealer obtains eco-label

A Tokyo-based seafood wholesaler has become the first business in Japan to be certified by a London-based conservation group as a supplier of seafood produced by sustainable fishing, officials of the group said Monday.
JAPAN
May 27, 2006

Livedoor ex-CFO admits guilt as trial starts, turns on Horie

are for the most part correct," contradicting Horie's assertions that he did not knowingly falsify the company's financial statements. "I deeply regret having committed these crimes, and apologize for having caused so many people trouble, he said.
BUSINESS
May 27, 2006

Nisshin Steel eyes India mill venture

Nisshin Steel Co. is studying a plan a factory in India for making stainless steel products, becoming Japan's first steelmaker to launch operations there, company officials said Friday.
BUSINESS
May 27, 2006

Diversity will be key to survival for 21st century businesses, Ghosn says

OSAKA -- Businesses that want to survive in the 21st century will have to embrace diversity in a practical way, with clear goals for hiring more women and using talented young people and older workers, Nissan Motor Co. chief Carlos Ghosn said Friday.
JAPAN
May 25, 2006

Consulting firm chief quizzed in quake scandal

Police questioned the head of a Tokyo-based consulting company on a voluntary basis Wednesday over a fraud case involving a hotel in Nara Prefecture built with fake earthquake-safety data, investigation sources said.
BUSINESS
May 25, 2006

ChuoAoyama faces uncertain future as clients defect to rivals

More and more clients of major auditing firm ChuoAoyama PricewaterhouseCoopers are switching to rival outfits after the Financial Services Agency ordered ChuoAoyama to suspend its business for two months starting in July.
COMMUNITY / How-tos / LIFELINES
May 23, 2006

Air con fury and posting

What? AH in Hokkaido wonders if I have been in Japan too long.
BUSINESS
May 23, 2006

Daihatsu drops Otaka as auditor

Daihatsu Motor Co. said Monday it will name Hiroyuki Watanabe, senior technical executive at Toyota Motor Corp., as its new corporate auditor, dropping a plan to select former Toyota Motor North America Inc. President Hideaki Otaka, who has resigned over a sexual harassment scandal.
BUSINESS
May 19, 2006

Fuji TV profit plunged 50% in '05

Fuji Television Network Inc. said Thursday its group net profit for 2005 plunged 50.3 percent from the previous year to 11.35 billion yen, due mostly to the loss incurred from selling its stake in Livedoor Co.
SPORTS / E-LIST
May 17, 2006

A WBC curse for Matsui?

No one should hate Hideki Matsui. Save that for the New York Yankees as a whole and for George Steinbrenner, who can be a decent guy if you're a schoolkid from Iowa. But for the part of the world not obsessed with the Bronx Bombers, it is a little bit easier.
BUSINESS
May 17, 2006

Toyo Suisan, Toray to drop ChuoAoyama

Toray Industries Inc. and Toyo Suisan Kaisha Ltd. have both said they will seek to terminate their audit contracts with scandal-tainted ChuoAoyama PricewaterhouseCoopers, one of the top four auditing firms in Japan.
CULTURE / Books
May 14, 2006

Asia needs to fill its brand deficit

ASIAN BRAND STRATEGY by Martin Roll, Palgrave Macmillan, 2005, 272 pp., $42.50 (cloth). Shizuka Arakawa's graceful spins and spirals enthralled a nation as she won Japan the gold medal in women's figure skating at the Winter Olympics. But few would have cheered more loudly than Tokyo rice producer Toyorice...
Japan Times
LIFE
May 14, 2006

Home and away

Young Japanese lead the way in a cultural exchange set to erode their homeland's hidebound mentality
BUSINESS
May 11, 2006

Murakami fund shifts to Singapore

An investment fund led by financier Yoshiaki Murakami said Wednesday it has set up a new investment firm in Singapore and transferred all funds under MAC Asset Management Inc., the core of the fund, to the new company.
BUSINESS
May 11, 2006

Toyota sets new record profit

Toyota Motor Corp. reported Wednesday a record group net profit of 1.37 trillion yen for fiscal 2005, up 17.2 percent over the previous year and the fourth straight yearly rise, thanks to brisk sales overseas, particularly in North America.
JAPAN
May 10, 2006

Police raid mob office, real estate agent in building probe

Tokyo police searched the headquarters of a Yamaguchi-gumi underworld affiliate Tuesday in connection with the arrest the previous day of its boss for allegedly illegally transferring the property rights of a building in Shibuya Ward.

Longform

Figure skater Akiko Suzuki was once told her ideal weight should be 47 kilograms, a number she now admits she “naively believed.” This led to her have a relationship with food that resulted in her suffering from anorexia.
The silent battle Japanese athletes fight with weight