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EDITORIALS
May 21, 2003

Moment of truth in the bank crisis

The government decision to inject taxpayer money into Resona Holdings, the nation's fifth-largest banking group, is a fresh reminder of the fragility of the Japanese financial system. There have been no bank runs, but confidence in bank management has been shaken again. Until very recently Resona executives...
BUSINESS
May 21, 2003

Report cites flat economy, mounting risks of SARS

The economy remained flat in May, the government said Tuesday. In its monthly economic report, the government also described the spread of severe acute respiratory syndrome as a risk factor.
COMMENTARY
May 21, 2003

Narrowing the U.S.-South Korean gap

WASHINGTON -- The summit meeting between U.S. President George W. Bush and South Korean President Roh Moo Hyun was, by almost all accounts, a success. The main reason, according to the skeptics, was that expectations were very low. No major breakthroughs were achieved, they argue; "success" merely meant...
BUSINESS
May 21, 2003

Honda blows horn about world's first car-crash detector

Honda Motor Co. said Tuesday it has developed the world's first system capable of predicting vehicle collisions.
BUSINESS
May 21, 2003

Nissan announces Taiwan venture

Nissan Motor Co. said Tuesday it will set up a joint venture with Taiwan-based Yulon Motor Co. by the end of the year to promote car sales in Taiwan and China.
BUSINESS
May 21, 2003

BOJ decides to pump more cash into system

The Bank of Japan decided Tuesday to pump still more money into the economy amid falling stock prices, a rising yen and the bailout of Resona Bank.
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.
Inside Tokyo's 'phantom' stations — and the stories they tell
Mamoru Iwai, stationmaster of Keisei Ueno Station, says that, other than earthquake-proofing, the former Hakubutsukan-Dobutsuen (Museum-Zoo) Station has remained untouched.
Trump trims fentanyl-linked China tariffs after 'amazing' Xi meeting
U.S. President Donald Trump and Chinese leader Xi Jinping greet each other as they arrive for talks at the Gimhae Air Base, next to the Gimhae International Airport in Busan, South Korea, on Thursday.
Japanese and South Korean leaders agree to boost ties in first meeting
Prime Minister Sanae Takaichi shakes hands with South Korean President Lee Jae Myung ahead of their talks at the Asia-Pacific Economic Cooperation forum summit in Gyeongju, South Korea, on Thursday.
Takaichi and Xi reaffirm pledge in first meet to pursue ‘mutually beneficial’ ties
A screenshot from Prime Minister Sanae Takaichi's X account shows Takaichi exchanging greetings with Chinese President Xi Jinping ahead of an Asia-Pacific Economic Cooperation summit meeting in Gyeongju, South Korea, on Friday.　
Japan’s government ramps up bear control efforts amid rise in attacks
A bear roams around a field in the town of Kuzumaki, Iwate Prefecture, on Oct. 12.
Oasis returns to Japan after 16 years — and fans can still sing every word
Liam Gallagher commanded the stage with effortless charisma during Oasis' Tokyo Dome set on Saturday.
At Japan Mobility Show, BYD gears up to conquer Japan's EV market
BYD Auto Japan President Atsuki Tofukuji unveils the Racco at the Japan Mobility Show in Tokyo on Wednesday.
Oasis returns to Tokyo: Rain, rapture and rock
Fans wait to get into the Oasis show at Tokyo Dome on Saturday. While lining up in the rain, some broke into impromptu versions of the British rock group's hits.
Kyushu banzuke sets the stage to cement 2025’s sumo narratives
Onosato ahead of his bout against Aonishiki at The Grand Sumo Tournament at the Royal Albert Hall in London on Oct. 18
Tokyo Film Festival opens with global stars and a spotlight on Asian storytelling
Director Junji Sakamoto (left) walked the Tokyo International Film Festival red carpet with Sayuri Yoshinaga (center) and Non (right), who both play mountaineer Junko Tabei, the first woman to summit Mount Everest, in the biopic "Climbing for Life."

Podcast

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

Longform

Mamoru Iwai, stationmaster of Keisei Ueno Station, says that, other than earthquake-proofing, the former Hakubutsukan-Dobutsuen (Museum-Zoo) Station has remained untouched.
Inside Tokyo's 'phantom' stations — and the stories they tell
By Alex K.T. Martin

SUSTAINABLE JAPAN

Foreign wrestlers have a long history in sumo
Foreign wrestlers have a long history in sumo

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