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JAPAN
Jun 9, 1998

Earnings gap widens among midsize life insurers

The business performance of the nation's eight second-tier life insurance firms in fiscal 1997 indicates that the gap between the stronger and weaker companies is widening, earnings reports released Tuesday showed.
JAPAN
Jun 5, 1998

'Air Do' seeks approval for new Tokyo-Sapporo flights

Hokkaido International Airlines Co., a new entry in the country's aviation industry, applied Friday with the Transport Ministry to offer regular service between Tokyo and Sapporo starting Oct. 30.
JAPAN
Jun 1, 1998

Sony to acquire stake in JustSystem

Sony Corp. will invest over 1 billion yen in computer software developer JustSystem Corp. to jointly develop products that will link personal computers with digital audiovisual devices, the two companies announced Monday.
JAPAN
May 28, 1998

Seibu exec acquitted of fraud in medical equipment case

The former chief of Seibu department store's medical equipment department was acquitted of complicity Thursday in a fraud case in which six people were accused of bilking a leasing company out of about 31.1 billion yen by fabricating medical equipment deals.
JAPAN
May 25, 1998

Nissan announces launch of fully remodeled Skyline

Amid continued sluggishness in the domestic auto market, Nissan Motor Co. announced Monday that it has started to sell the fully remodeled Skyline, the 10th generation in the series.
JAPAN
May 20, 1998

U.S. to lobby for airport work contracts

OSAKA -- A delegation of U.S. construction company executives will travel to Nagoya and possibly the Kansai region in early June in order to press for U.S. access to airport construction projects, according to U.S. Ambassador Tom Foley.
JAPAN
May 20, 1998

Japan Telecom posts consolidated profit

Japan Telecom Co. reported 31.42 billion yen in consolidated pretax profit Wednesday, generating 8.11 billion yen in net profit on sales of 411.76 billion yen for fiscal 1997
JAPAN
May 19, 1998

KDD-Teleway merger postponed

KDD Co., the nation's largest international telecommunications carrier, and Teleway Japan Corp., a domestic long-distance carrier, Tuesday announced that they will postpone their expected merger date by two months to Dec. 1, saying that they still need more time to negotiate details.
JAPAN
May 19, 1998

New ticket system prevents train-fare cheating

A new system to prevent passengers from cheating fares with train passes, a scam that has cost East Japan Railway Co. an estimated 7 billion yen in annual sales, seems to be working, the company said Tuesday.
JAPAN
May 18, 1998

Deutsche Telekom presents fiscal '97 results in Tokyo

Completion of long-range projects in Germany and a cut in its workforce helped Deutsche Telekom AG, Europe's largest telecommunications company, to its highest revenues in five years, the firm's leading officers said Monday.
JAPAN
May 18, 1998

Relieved returnees arrive with worries

The first extra flight from Jakarta brought relief and anxiety for some 300 evacuees arriving Monday morning at Narita airport in Chiba Prefecture.
JAPAN
Apr 30, 1998

Realtor's president allegedly started scam in '93

OSAKA -- The housing firm Asahi Juken, a major borrower from the bankrupt "jusen" mortgage lenders, began forging sales contracts for mortgaged properties to bilk creditors in autumn 1993 at the instruction of the firm's president, Kizo Matsumoto, sources alleged.
JAPAN
Apr 28, 1998

Kankaku branch chief held for swindling old lady

The former head of a Kankaku Securities Co. branch was arrested Tuesday on suspicion of defrauding a client of about 54 million yen, Metropolitan Police Department sources said.
JAPAN
Apr 28, 1998

Highway exec admits taking bribes from electronics firms

A former section chief of Japan Highway Public Corp. pleaded guilty Tuesday to taking about 4.4 million yen in bribes from Omron Corp. and three other electronics companies for information about his firm's highway facility contracts.
JAPAN
Apr 23, 1998

Mazda forecasts highest profits since '90

Mazda Motor Corp. said April 23 that it will post its highest profits since 1990 in a revised estimate of earnings for the 1997 business year, which ended in March.
JAPAN
Apr 17, 1998

Japanese insurers postpone decision on AIG's takeover plan

The Japanese life insurance industry has put off making a decision on whether to allow American International Group Inc. of the United States to begin studying a possible takeover of Aoba Life Insurance Co., the industry head said Friday.
JAPAN
Apr 17, 1998

NCR seeks takeover of Japan unit

In a 40 billion yen U.S.-style takeover bid, NCR Corp. will buy the publicly held shares of NCR Japan Ltd. at a 30 percent premium, the Ohio-based data warehouse and computer support system company announced Friday morning.
JAPAN
Apr 14, 1998

Imports to stay slow, Volkswagen says

The nation's import car market will probably remain weak for another two to three years, the head of Volkswagen Group Japan KK said April 14, pointing to the continued sluggishness of the economy.
JAPAN
Apr 8, 1998

Aid to curb Myanmar opium could total up to 700 million yen

Staff writer
JAPAN
Apr 3, 1998

Enterprise Spirit: Entrepreneur cashes in on Internet telephony

17th in a series of occasional articles on venture businesses
JAPAN
Mar 31, 1998

Toyota to turn up output at Indiana plant

Toyota Motor Corp. will expand the production capacity at its new plant in Indiana from about 100,000 units to about 150,000 units by the fall of 2000, the firm announced March 31.
JAPAN
Mar 26, 1998

Rogue copper trader draws eight-year prison term

Yasuo Hamanaka, a former chief copper trader at Sumitomo Corp., was sentenced to eight years in prison March 26 for fraud and forgery that eventually cost the trading giant some $2.6 billion -- the largest trading loss ever.
JAPAN
Mar 18, 1998

Former labor minister's sister given suspended sentence

Yoshie Yamaguchi, 62, elder sister of former Labor Minister Toshio Yamaguchi, was given a suspended 2 1/2-year prison term for collaborating with her brother in having the bankrupt Tokyo Kyowa and Anzen credit unions extend loans illegally to her golf course company.
JAPAN
Mar 17, 1998

Yamaichi execs enter pleas over 'sokaiya' payoffs

Two former employees of collapsed Yamaichi Securities Co., one a senior managing director, on March 17 admitted to charges of conspiring to make illegal payoffs, while another former senior managing director pleaded not guilty.
JAPAN
Mar 17, 1998

JAL's president, chairman to resign in June

Akira Kondo, president of Japan Airlines Co., and Susumu Yamaji, JAL's chairman, will step down in June to take responsibility for the carrier's poor performance, it was announced March 17.
JAPAN
Mar 16, 1998

Kansai firms to offer cable-based Internet service

OSAKA -- Kansai Electric Power Co., Matsushita Electric Industrial Co. and 16 other firms will set up a company to provide Internet service using cable TV networks in the Kansai region, it was announced here March 16.
JAPAN
Mar 13, 1998

Mitsui Marine & Fire decides against Sanyo takeover

Mitsui Marine & Fire Insurance Co. announced March 13 that it has dropped a plan to take over part of failed Sanyo Securities Co. because it is unlikely the company will be able to make a profit.
JAPAN
Mar 9, 1998

JR Shin-Osaka fetes first kiosk targeting women

OSAKA -- LADY 1st, a new kiosk targeting female commuters, opened March 9 at JR Shin-Osaka Station.
JAPAN
Mar 4, 1998

Companies team up to create digital content venture

Itochu Corp., NTT Data Corp., Toyota Motor Corp., Victor Co. of Japan, and Marubeni Corp. have jointly established a company to fund and market digital content, the companies said Wednesday.
JAPAN
Mar 4, 1998

GE, Toho Mutual name new insurance behemoth

The giant life insurance company to be set up by GE Capital Services Corp. of the U.S. and Toho Mutual Life Insurance Co. will be named GE Capital Edison Life Insurance Co., officials of the two firms said Wednesday.
Workers say corporate South Korea was warned about questionable U.S. visas before Hyundai raid
Activists holding signs that reads "No one is illegal!" protest against a huge immigration raid last week in the U.S. state of Georgia, in front of the U.S. Embassy in Seoul on Tuesday.
As Manila modernizes its military, new opportunities emerge for Tokyo
A Brahmos missile system is displayed during a rehearsal for a military parade in New Delhi in January. The Philippines will soon receive its second batch of the supersonic cruise missiles from India.
Why more hotels in Japan are offering room-only service
Nipponia Hotel Ise Kawasaki Merchant Town in Ise, Mie Prefecture
Goldman sells Tokyo office area to JR East for over ¥50 billion
GranTokyo South Tower (center). East Japan Railway has bought the 14th to 18th floors of the office building at a price of more than ¥50 billion from Goldman Sachs Group.
Ed Sheeran teams up with Tokyo’s Oedo Line
The “Oh! Ed! Collaboration Campaign,” launched on Tokyo's Keio Line to celebrate the Friday release of Ed Sheeran’s latest album, “Play,” includes a eight-car train dedicated to the pop star's music and trivia related to his career
Niinami’s ouster quick but not unusual as corporations protect reputation
Takeshi Niinami resigns as chairman and CEO of Suntory Holdings.
As Manila modernizes its military, new opportunities emerge for Tokyo
A Brahmos missile system is displayed during a rehearsal for a military parade in New Delhi in January. The Philippines will soon receive its second batch of the supersonic cruise missiles from India.
Shizuoka farmers fight to preserve sustainable tea method that’s steeped in tradition
As of August 2024, the number of confirmed chagusaba farmers had fallen to 302, just over half the 582 reported in 2015, according to the Shizuoka Chagusaba Farming Method Promotion Council.
Search is on for loopholes in Japan’s $550 billion investment pledge
U.S. Secretary of Commerce Howard Lutnick argues that U.S. President Donald Trump has sole authority to invest Japan's promised $550 billion.
In rural Hokkaido, the stops and starts of tourism revival on full display
Redevelopment plans for Kawayu Onsen have hit some snags — an example of how bringing tourists back to declining rural communities is far from easy work.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Mai Yoshikawa

SUSTAINABLE JAPAN

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