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BUSINESS
Jun 12, 2003

BOJ poised to purchase ABS worth 1 trillion yen

The Bank of Japan decided Wednesday to start a multiyear program by late July to buy asset-backed securities worth up to 1 trillion yen to make it easier for small and medium-size companies to raise funds.
BUSINESS
Jun 12, 2003

Wholesale prices fall for 33rd month

Wholesale prices fell 1 percent in May on a year-on-year basis for the 33rd consecutive month of decline, according to a preliminary report released Wednesday by the Bank of Japan.
BUSINESS
Jun 12, 2003

Refrigeration breakthrough claimed

Mitsubishi Electric Corp. said Wednesday it has developed a commercial refrigerator that keeps fruit and vegetables fresh an average of five times longer than conventional machines.
BUSINESS
Jun 12, 2003

Current account surplus jumps 15%

Japan's current account surplus rose in April for the first time in two months, up 15.1 percent from a year earlier to 1.256 trillion yen, due partly to the effects of the SARS epidemic, the Finance Ministry said Wednesday.
BUSINESS
Jun 12, 2003

Quarterly GDP is revised upward

The economy grew a real 0.1 percent in the January-March quarter from the previous quarter, revised upward from the initially reported 0.006 percent rise, the government said Wednesday.
LIFE / Language
Jun 12, 2003

Pick up a pen now and send in your haiku

The Haiku International Association is soliciting haiku, either in English or in Japanese, for its fifth annual contest to be held in November.
BUSINESS
Jun 12, 2003

Japan, U.S. to bring tax treaty up to date

Finance Minister Masajuro Shiokawa announced Wednesday that Japan and the United States have agreed to revise the bilateral tax treaty for the first time in 30 years in a bid to encourage trans-Pacific investment and exchange of human resources.
SOCCER / World cup
Jun 12, 2003

Japan held by Paraguay

SAITAMA -- Japan and Paraguay played to a goalless draw in front of close to 60,000 spectators at Saitama Stadium on Wednesday night. Despite the absence of any goals, this Kirin Cup game was highly entertaining as Japan put on a lively and markedly improved display from its recent defeats to South Korea...
BUSINESS
Jun 12, 2003

Ex-Sony chief to donate retiree benefits to Nagano town

Norio Ohga, former chairman and president of Sony Corp., plans to donate all 1.6 billion yen of his retirement benefits after taxes to the town of Karuizawa, Nagano Prefecture, company and town officials said Wednesday.
EDITORIALS
Jun 12, 2003

Preparing for the worst

Japan's efforts to update its security legislation reached a milestone last week when an overwhelming Diet majority passed three defense bills designed to deal with a military attack from abroad. The vote -- 202 in favor and 32 against -- would have been inconceivable during the Cold War. It is proof...
Japan Times
BUSINESS
Jun 12, 2003

Ex-Resona chief blames auditors

Had auditors informed banking group Resona Holdings Inc. by March of critical changes in auditing standards, next month's infusion of 1.96 trillion yen in public funds could have been avoided, former Resona Holdings President Yasuhisa Katsuta told the Diet on Wednesday.
Japan Times
BUSINESS
Jun 12, 2003

UPS to buck economic trend and expand in Japan

Despite the current volatility of the economic climate, United Parcel Service Inc., the world's largest package delivery company, will actively expand operations in Japan, according to the head of UPS Asia Pacific Region.
COMMENTARY / World
Jun 12, 2003

S. Korea emerges from Japan's shadow

NEW DELHI -- Despite resentment against Japan for its colonial domination of the Korean Peninsula (1910-1945), South Korea followed Japan in its model of postwar economic development. In both countries, the central government established close links between commercial banks and companies while ensuring...
BASKETBALL / NBA / NBA REPORT
Jun 12, 2003

Duncan not interested in Kidd stuff, says Spurs need a big man

NEW YORK -- "Did you hear New Jersey is offering to sign and trade Jason Kidd for Tony Parker?" I asked Tim Duncan while walking him to the team bus following Game 3 of The NBA Finals, whose highlight, so far, is Dikembe Mutombo turning 90 before the Nets did.
Japan Times
LIFE / Lifestyle / ON THE BOOK TRAIL
Jun 12, 2003

"Ned Mouse Breaks Away," "The Devil's Toenail"

"Ned Mouse Breaks Away," Tim Wynne-Jones, Groundwood Books; 2003; 192 pp. If you were caught playing with your spinach -- or worse, using long, stringy bits of it to write "I hate what Mom makes me eat" -- what would happen? You'd probably get grounded for a few days, right? But imagine if you got locked...
LIFE / Digital / NETWISE
Jun 12, 2003

Internet at light speed

Here we go again. Just when I thought I was enjoying affordable, high-speed Internet access, along comes yet another new technology that makes my once-fat data pipe look like a swizzle stick. I'm talking fiber.
JAPAN
Jun 11, 2003

Nonbinding child support standard set

A group of judges has set the nation's first public benchmark for calculating child support for children living with a divorced or unmarried parent, sources said Tuesday.
BASEBALL / MLB
Jun 11, 2003

Mac racks up first win in Japan

Former major leaguer Mac Suzuki gave up six hits and struck out five over seven innings to win his first decision in Japan as the Orix BlueWave blanked the Kintetsu Buffaloes 4-0 on Tuesday at Osaka Dome.
JAPAN
Jun 11, 2003

Homeless man to hang for killing three companions

A 56-year-old homeless man was sentenced to death Tuesday for fatally stabbing three of his companions in Tokyo during a quarrel in September 1999 and throwing their bodies into a river.
JAPAN
Jun 11, 2003

Despite the stakes, public role in bioethics debate falls short

At what point does human life begin and when does it end? Who is allowed to alter human genes and to what extent?
JAPAN
Jun 11, 2003

Homeless man to hang for killing three companions

A 56-year-old homeless man was sentenced to death Tuesday for fatally stabbing three of his companions in Tokyo during a quarrel in September 1999 and throwing their bodies into a river.
JAPAN
Jun 11, 2003

Despite the stakes, public role in bioethics debate falls short

At what point does human life begin and when does it end? Who is allowed to alter human genes and to what extent?

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