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JAPAN
Oct 8, 1997

JR Tokai makes firm TSE debut

Central Japan Railway Co. (JR Tokai) made a firm debut Oct. 8 on the first section of the Tokyo Stock Exchange, drawing an opening price of 383,000 yen per share.The initial price at the TSE was 24,000 yen higher than the 359,000 yen public offering price set for 800,000 shares. The stock closed the...
JAPAN
Oct 6, 1997

Firms harsh on theft, not sexual harassment

Japanese companies take strict disciplinary measures against employees who leak corporate secrets or commit financial wrongdoing, but are more lenient when it comes to cases of sexual harassment or office affairs, a private research organization said Oct. 6.The Labor Administration Research Institute...
JAPAN
Oct 2, 1997

Posts Ministry releases policy plan for breakup of NTT

The Posts and Telecommunications Ministry released a draft policy plan Oct. 2 on the reorganization of Nippon Telegraph and Telephone Corp., which will be split into three firms under the control of a single holding company.Under the basic draft, the ministry proposed that the disintegration of NTT,...
JAPAN
Oct 2, 1997

WebTV to offer Net access via television

WebTV Networks K.K., a wholly owned subsidiary of WebTV Networks, Inc. of the United States, announced Oct. 2 that it will provide an easy-to-handle television Internet access service starting Dec. 1.By connecting the WebTV Internet Terminal that has been specially developed by Sony Corp. to a television...
JAPAN
Oct 2, 1997

Economic turmoil won't deter South Korea, trade chief says

Staff writerDespite the current economic turmoil involving major business conglomerates and financial institutions, South Korea says it will maintain its deregulation and liberalization policies."We launched this market principle to strengthen company management, and it should help increase international...
JAPAN
Oct 1, 1997

Internet securities trade has couch investors jumping

OSAKA -- With convenience like late-night or early morning service and never having to leave one's own home, stock trading via the Internet has not surprisingly become increasingly active.It is also alluring to securities companies, who are able to expand their business without opening new branches...
JAPAN
Sep 29, 1997

Sakura to upgrade investment banking division for 'Big Bang'

Sakura Bank will renovate its organization by upgrading its investment banking division into a de facto "internal company" and regrouping its commercial banking divisions, effective Oct. 1.
JAPAN
Sep 25, 1997

JR Tokai must reimburse unionists over Nozomi protest reductions

The Tokyo Regional Labor Relations Committee ordered Central Japan Railway Co. (JR Tokai) on Sept. 25 to pay back wages and allowances that were reduced for union members who took part in a protest campaign over the safety of Nozomi bullet trains.
JAPAN
Sep 19, 1997

Nomura, DKB pledge to reform

Nomura Securities Co. and Dai-Ichi Kangyo Bank each submitted plans Sept. 19 to the Finance Ministry for steps to strengthen their internal control systems.
JAPAN
Sep 17, 1997

Yamaichi execs arrested over payoffs to 'sokaiya'

Prosecutors arrested five officials of Yamaichi Securities Co. on Sept. 17, including a former senior managing director, on suspicion of illegally making payoffs to a "sokaiya" corporate extortionist.
JAPAN
Sep 12, 1997

Postal franchise begins business in Tokyo

A major international business and postal services chain has finally landed a franchise in Japan, opening its first shop in the Toranomon district of Tokyo's Minato Ward.
JAPAN
Sep 8, 1997

Nissan Mutual customers vent anger

Individual customers of the failed Nissan Mutual Life Insurance Co. on Sept. 7 urged the Finance Ministry and commercial banks to take responsibility for helping to create a situation that will lead to reduced policy payouts.
JAPAN
Sep 5, 1997

Shippers to suffer if sanctions prolonged

The U.S. enforcement of sanctions against three shipping lines Thursday comes amid growing signs of renewed economic friction between the two nations. If prolonged, it would be a serious blow to the firms, but damage to the overall Japanese economy is expected to be minimal.
JAPAN
Jul 25, 1997

Seven-Eleven savors largest income

Seven-Eleven Japan Co. recorded the largest corporate income during the year that ended in February, staying at the top of the list for the fourth year in a row, a private research company said July 25.
JAPAN
Jul 21, 1997

Youth dies in car crash; three others injured

KITAKYUSHU -- An 18-year-old company employee was killed and three others injured, one seriously, when their car collided with a utility pole early July 21 in Shimonoseki, Yamaguchi Prefecture.
JAPAN
Jul 16, 1997

KKC chief denies swindling investors

Ichiro Yamamoto, former chairman of Keizai Kakumei Club, which was raided in June 1996 for allegedly swindling investors out of 178 million yen, pleaded not guilty July 16 to charges of fraud before the Tokyo District Court.
JAPAN
Jul 14, 1997

Bankruptcies set record for half-year period

Nearly 8,000 companies went bankrupt between January and June with combined liabilities of 6.37 trillion yen, a record high for a half-year period, a private research company said July 14.
JAPAN
Jul 9, 1997

Japan firms urged to take lead in environment

The World Wide Fund for Nature has called on Japanese businesses to establish a council to fight global climate change and take a leading role in reducing greenhouse gas emissions before a key conference in December in Kyoto.
JAPAN
Jul 4, 1997

Contractor files for bankruptcy

A medium-size general contractor listed on the first section of the Tokyo Stock Exchange effectively went bankrupt July 4 due to real estate-related debts that inflated after the burst of the bubble economy in the early 1990s.
JAPAN
Jun 24, 1997

NTT applies to set up international service subsidiary

Nippon Telegraph and Telephone Corp. applied June 24 to the Posts and Telecommunications Ministry to establish a subsidiary to enter the international telecommunications business, the company said.
JAPAN
Jun 23, 1997

KDD to head 16-firm Internet joint venture

KDD and 15 other firms will jointly set up a company in mid-July to host connection services for Internet access providers, it was announced June 23.
JAPAN
Jun 23, 1997

Sportier Laurel makes market debut

Nissan Motor Co. announced June 23 the market debut of its fully remodeled Laurel.
JAPAN
Jun 23, 1997

Automaker Nissan turns back on failed insurer's staff

Nissan Motor Co. threw cold water June 23 on bankrupt Nissan Mutual Life Insurance Co. by saying special treatment for Nissan Mutual employees applying to the automaker would not be provided.
JAPAN
Jun 20, 1997

KDD to start domestic phone service in July

KDD will start domestic telephone service in July, taking advantage of a revised law that allows the international telecom company to enter the domestic market, KDD President Tadashi Nishimoto said June 20.
JAPAN
May 30, 1997

Nomura management involved in payoffs: Ujiie

The entire management of Nomura Securities Co. was involved in dubious connections with a "sokaiya" corporate extortionist, Junichi Ujiie, president of the brokerage, indirectly admitted May 30. "If the arrest of (former Nomura President Hideo Sakamaki) is taken as the involvement of the entire company...
JAPAN
May 29, 1997

Hitachi logs 24% drop in profits for '96

Hitachi Ltd. reported May 29 consolidated pretax profits of 263.3 billion yen for the 1996 business year, which ended March 31, down 24 percent from the previous year.
JAPAN
May 29, 1997

Police raid firms over fake Tamagotchi

OSAKA -- Osaka Prefectural Police on May 29 raided three companies here on suspicion of marketing imitation Tamagotchi.
JAPAN
May 22, 1997

Electronics firms leapfrog falling semiconductor market

Buoyed by strong sales of computer-related equipment and communications devices such as cellular phones, the nation's major electronics manufacturers on May 22 reported increases in sales revenues in the business year that ended March 31.
JAPAN
May 21, 1997

Tokyu laying track to ease crowded trains

Construction is now in full swing to ease one of the most notorious problems in Tokyo -- overcrowded trains during rush hour.
JAPAN
May 20, 1997

Pair accused of taking murder victim's money

OSAKA -- A former official of a defunct Osaka credit cooperative and another man were arrested May 20 for allegedly withdrawing about 74 million yen from the account of a moneylender who was stabbed to death in late March 1996.
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.
Thousands without power in Tokyo as heavy rain batters Kanto region
Heavy rain hit Tokyo and surrounding areas Thursday afternoon, causing thousands to lose power, prompting flood warnings, grounding flights and causing transportation issues.
Why more hotels in Japan are offering room-only service
Nipponia Hotel Ise Kawasaki Merchant Town in Ise, Mie Prefecture
Japan's cutting-edge railgun successfully strikes target vessel
The Defense Ministry’s Acquisition, Technology & Logistics Agency (ATLA) conducted a ship-board railgun shooting test from June to early July this year with the support of the Maritime Self-Defense Force.
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

Foreign wrestlers have a long history in sumo
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