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BUSINESS
May 21, 2003

Rising fuel costs bludgeon Tepco profits

Tokyo Electric Power Co.'s group net profit dropped 18.1 percent to 165.27 billion yen in fiscal 2002, with the increasing cost of fuel used to fire up thermal power generators weighing heavily on its earnings, the utility said Tuesday.
BUSINESS
May 21, 2003

Suzuki Motor records 20% sales increase

Suzuki Motor Corp., the nation's top minivehicle maker, on Tuesday reported record group sales of 2.02 trillion yen for fiscal 2002, up 20.8 percent from the previous year.
BUSINESS
May 21, 2003

Hitachi chip may be used in euro bills

The European Central Bank is considering adopting the world's smallest integrated circuit, developed by Hitachi Ltd., to prevent forgery of euro bills, according to Hitachi sources.
BUSINESS
May 21, 2003

Ministry calls for sweeping overhaul of farm co-ops

Structural reform is lagging behind in the farm sector and the Japan Agricultural Cooperatives group should undergo a major overhaul, the agricultural ministry said Tuesday in its annual white paper.
BUSINESS
May 21, 2003

Bill imminent to let insurers shirk on yields

The tripartite ruling coalition approved Tuesday an amended bill that would allow life insurers to cut yields guaranteed to policyholders, resulting in a possible cut in payouts, coalition officials said.
BASEBALL / MLB
May 21, 2003

Tuffy slams homers No. 16 and 17 as Buffaloes whip Lions

Kintetsu slugger Tuffy Rhodes smashed two homers and drove home six runs to lead the Buffaloes' 16-hit barrage as Kintetsu destroyed the Seibu Lions 14-3 at Osaka Dome on Tuesday.
BUSINESS
May 21, 2003

Shiokawa ponders extra budget

Finance Minister Masajuro Shiokawa said Tuesday he would consider compiling an extra budget to fight deflation should the ruling coalition submit specific proposals to this end.
Japan Times
CULTURE / Music / HIGH NOTES
May 21, 2003

David Murray Big Band: "Now is Another Time"

Boundary crossing and genre mixing are no longer a big deal in jazz, but few do them with the raw power and awe-inspiring glee of David Murray. His list of musical projects reads like a postmodern smorgasbord: Guadaloupian vocals and percussion; Caribbean instrumentation; a musical tribute to Picasso;...
Japan Times
CULTURE / Music / HIGH NOTES
May 21, 2003

Mira Calix: "Shimskitta"

The music of Mira Calix -- Chantal Passamonte to her friends and family back in Durban, South Africa -- is neither composed nor produced on a computer, though it sounds as if it was. Having burnished her ambient techno style at Warp Records, England's premier "laptop-music" label where she worked in...
Japan Times
CULTURE / Music / HIGH NOTES
May 21, 2003

King Sunny Ade: "Syncro Series"

King Sunny Ade of Nigeria came and went as a star of African music, and these days makes only sporadic appearances. At his peak, in the early '80s, he had a deal with Island Records, which was then hoping he would fill the shoes and sales of the recently deceased Bob Marley. But if Ade's music was reigning...
CULTURE / Music
May 21, 2003

Pop goes the question

Name a record you love that's overlooked:
Japan Times
CULTURE / Art
May 21, 2003

The first Western master of woodblock

A Western man clad in a kimono sits in his tatami-floored studio with his paintings strewn about him. In the background a shamisen stands in a wooden box, its neck jutting upward.
Japan Times
CULTURE / Art / NEW ART SEEN
May 21, 2003

Who, what, when, where -- why?

My good friend Tatsumi Orimoto, now one of Japan's best-known artists, has made his mother a central subject in his work for the last several years. This, he once explained to me, is because she always supported him in his creative efforts -- efforts that are, in a word, unorthodox: in one, he famously...
BUSINESS
May 20, 2003

Ailing contractors to delay merger

Troubled contractors Kumagai Gumi Co. and Tobishima Corp. said Monday they will delay the deadline for their planned merger for a year until April 2005 so they can prepare more carefully.
BUSINESS
May 20, 2003

BOJ pumps 1 trillion yen into financial mart

In an effort to maintain stability in the financial system, the Bank of Japan on Monday provided financial institutions with 1 trillion yen via purchases of discount bills.
BUSINESS
May 20, 2003

43-year-old to become president at Sega Corp.

Sega Corp., which saw two potential merger deals slide down the drain earlier this month, announced Monday that a 43-year-old senior officer will replace Hideki Sato as president.
BUSINESS
May 20, 2003

Banking selloff prompts further slide on the Tokyo Stock Exchange

Tokyo stocks fell for a third straight session Monday, with the key Nikkei average briefly dipping below the 8,000 line amid a banking sector selloff.
COMMENTARY / THE VIEW FROM MOSCOW
May 20, 2003

Iraqi revival will cost Russia

MOSCOW -- It is a commonplace to say the war in Iraq was not only about former Iraqi leader Saddam Hussein but also about oil. No matter how dangerous Hussein's regime was and how badly the White House needed an impressive victory for the 2004 elections, oil -- as today's key commodity -- was very much...
BUSINESS
May 20, 2003

Doublespeak dominates aftermath of Resona move

The government holds a financial crisis council, but says there is no crisis. It will inject 2 trillion yen into a bank and is expected to become its top stakeholder, but says this does not nationalize the bank.
BUSINESS
May 20, 2003

Business as usual at Resona branches

Operations continued as usual at Resona group banks Monday, the first day of business following the government's decision to inject the capital-starved banking group with public funds.
BUSINESS
May 20, 2003

Medical firm pins hopes on skin-graft technology

Masaharu Inami received a call in 1996 from a Nara doctor desperate to save the life of a 17-month-old girl who had fallen into a bathtub of boiling water and had been scalded over 65 percent of her body.
BASEBALL / MLB
May 20, 2003

Hawks beat up Fighters

Daiei right fielder Hiroshi Shibahara drove home four runs and rookie hurler Nagisa Arakaki pitched five-plus innings to notch his his third win as the Pacific League-leading Hawks downed the Nippon Ham Fighters 9-4 at Tokyo Dome on Monday to extend their win streak to five games.
BUSINESS
May 20, 2003

Nissan units plan establishment of light-truck venture

Nissan Motor Co. and Nissan Diesel Motor Co. will set up a joint venture this fall to develop light trucks as part of their efforts to attain a bigger share of the global truck market, the automakers said Monday.
SUMO
May 20, 2003

Asashoryu upset by compatriot

Yokozuna Asashoryu slipped on a banana skin Monday as the fiery Mongolian got dragged down by countryman Kyokushuzan for his first defeat of the Summer Grand Sumo Tournament.
Japan Times
COMMUNITY
May 20, 2003

Foreign actors play it niche and simple

Robert Scott may be one of the hardest-working Westerners in Japanese show business. The native Southern Californian appears in a host of Japanese TV dramas and variety shows as well as radio programs. He's even acted in a Godzilla flick.
EDITORIALS
May 20, 2003

On the brink of another recession

Japan's economy appears on the brink of yet another recession -- the fourth in a decade. The nation's gross domestic product -- the total value of goods and services produced at home -- remained flat in real terms, not including price effects, in the first three months of the year, according to data...
BUSINESS
May 20, 2003

Nonlife insurers show mixed fortunes

Three of the nation's six major nonlife insurer groups posted a net loss in fiscal 2002, due to hefty valuation losses on their securities holdings, according to parent-only financial statements released Monday.

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji