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BUSINESS
May 18, 2002

Foreigners are net buyers for fourth week

Foreign investors were net buyers of Japanese stocks for the fourth week in a row last week, apparently banking on signs of an economic recovery in Japan.
BUSINESS
May 18, 2002

Tokyo to launch Mizuho inspection

The Tokyo Metropolitan Government said Friday it will soon launch an independent inspection of Mizuho Bank, which suffered a computer-system fiasco last month.
BUSINESS
May 18, 2002

Yamaha group net balance in red

Yamaha Corp. said Friday its group net balance fell into the red in fiscal 2001 due chiefly to appraisal losses on its securities holdings.
BUSINESS
May 18, 2002

Fuji Heavy logs profit, record sales

Fuji Heavy Industries Ltd. announced Friday that its group profit increased for the first time in two years and that it logged record consolidated sales in the 2001 business year, due to cost cuts and the weakened yen.
BUSINESS
May 18, 2002

WTO notified over steel tariffs

Japan on Friday notified the World Trade Organization of its plan to slap 100 percent retaliatory tariffs on U.S. steel imports, the Ministry of Economy, Trade and Industry said.
BUSINESS
May 18, 2002

Nonaka U-turn on postal bills may turn tide

Hiromu Nonaka, a heavyweight in the ruling Liberal Democratic Party and a vocal opponent of postal deregulation, said Friday that he will not obstruct the passage of the bills through the Lower House in the current Diet session.
Japan Times
JAPAN
May 18, 2002

Work sharing solves Netherlands' economic woes

THE HAGUE -- As Japan remains mired in an economic slump, the idea of work sharing is increasingly attracting the attention of the government, labor unions and business organizations as a way to handle the record level of more than 5 percent unemployment.
JAPAN
May 18, 2002

Cows born in spring '96 face inspection

The farm ministry will inspect all cows born between March and April 1996 for symptoms of mad cow disease, Agriculture, Forestry and Fisheries Minister Tsutomu Takebe said Friday.
BUSINESS
May 18, 2002

Mitsui O.S.K.'s group profit dips

Mitsui O.S.K. Lines Ltd. said Friday its group net profit fell 3.6 percent in fiscal 2001 due primarily to higher sales costs, lower transportation fees and the sluggish global economy.
BUSINESS
May 18, 2002

Takeda Chemical pretax profit up

OSAKA -- Takeda Chemical Industries Ltd. said Friday its group pretax profit increased 37 percent to 359.21 billion yen in fiscal 2001 from the previous year due to brisk sales of medical products at home and abroad, and the weak yen.
BUSINESS
May 18, 2002

Matsushita eyes new PDP plant

OSAKA -- Matsushita PDP Co., a subsidiary of Matsushita Electric Industrial Co., will increase output of plasma display panels by setting up a new 50 billion yen plant, Matsushita officials said Friday.
BUSINESS
May 18, 2002

Economy has hit bottom, report says

The Japanese economy has bottomed out, the government declared Friday for the first time during the current recession. The government gave no indication, however, of whether they expected economic recovery.
JAPAN
May 18, 2002

Marathon champ Takahashi fourth on athletes' tax list

Olympic marathon champion Naoko Takahashi has made her debut on the list of Japan's top taxpayer athletes, coming in fourth.
Japan Times
JAPAN / MUSEUM MUSINGS
May 18, 2002

Pieces at Tokyo furniture museum all miniature history lessons: curator

A piece of furniture speaks volumes about history, lifestyles and people's sense of beauty, according to Masashi Saito, curator of the Furniture Museum in Tokyo's Harumi district.
BUSINESS
May 18, 2002

Nippon Yusen group profit down

Major shipping firm Nippon Yusen K.K. said Friday its group pretax profit for fiscal 2001 fell 29.7 percent from the previous year to 50.11 billion yen, as the firm was hit by a sharp reduction in freight charges.
BUSINESS
May 18, 2002

Output revised up; capacity falls

The Ministry of Economy, Trade and Industry on Friday upwardly revised the nation's industrial production figures for March by 0.3 of a percentage point to 92.8.
BUSINESS
May 18, 2002

Ajinomoto net balance in the black

Ajinomoto Co. said Friday its group net balance returned to the black in the year that ended March 31 due mainly to increased sales of pharmaceuticals and dietary supplements. Consolidated net profit in fiscal 2001 came to 31.44 billion yen, a turnaround from the previous fiscal year's loss of 11.55...
Japan Times
JAPAN / WHALE WATCHING
May 18, 2002

Arguments of whalers, opponents both have merit, writer believes

Hiroto Kawabata is one of the few people who bring a measure of equanimity to the whaling debate, where knee-jerk reactions are often the rule and reasoned debate the exception.
JAPAN
May 18, 2002

Student climber sets world record

A 23-year-old Japanese university student became the youngest person to scale the tallest peak on each of the world's seven continents when he conquered Mount Everest on Friday, his supporters said.
BUSINESS
May 18, 2002

Yasuda in final talks on tieup with Saison

Yasuda Fire & Marine Insurance Co., the nation's third-largest nonlife insurer in terms of assets, is in final talks to turn Saison Automobile & Fire Insurance Co. into an affiliate, Yasuda Marine said Friday.
BUSINESS
May 18, 2002

Showa Shell turns focus toward customers' needs

With most of its restructuring completed, Showa Shell Sekiyu K.K. is now focusing on stimulating customer demand by improving its products and services, according to John S. Mills, the new president of the country's fourth-largest oil wholesaler.
SOCCER / World cup / COHOSTING
May 17, 2002

A history of hate thy neighbor

Like most Asian countries, South Korea had never really considered bidding for the World Cup.
COMMENTARY
May 17, 2002

Iranians-in-exile mull return of the shah

BEVERLY HILLS, California -- These days the animated chatter in this storied city's sun-splashed cafes and deep-carpeted restaurants is not about the aftermath of 9/11, or the fall of Enron, or even the Middle East imbroglio. It's about the coming revolution in Iran.
SUMO
May 17, 2002

Maru remains tied for Summer lead

Ozeki Tochiazuma must have prayed to the sumo gods to avoid his second straight loss Thursday but yokozuna Musashimaru was as calm as the Buddha as he remained undefeated at the Summer Grand Sumo Tournament.
JAPAN
May 17, 2002

73% use Net at work for nonwork

Some 73 percent of Japanese workers have used the Internet for personal purposes in the workplace, according to a recent survey by research firm Macromill Inc. The survey shows only 27.5 percent of the respondents said they have never used the Internet for personal reasons at work.
BASEBALL / MLB
May 17, 2002

Swallows blank Giants

A solo home run from Akinori Iwamura was all Yakult needed as the Swallows shut down the Yomiuri Giants' powerful offense with a 1-0 victory Thursday night at the Tokyo Dome.
COMMENTARY
May 17, 2002

Japan at its inconsistent worst

Japan's overheated reaction to the May 8 North Korean refugee incident at the Japanese consulate-general in Shenyang, northeast China, is worrying.
BUSINESS
May 17, 2002

Trading house Nissho Iwai's net profits plunge 94%

Trading house Nissho Iwai Corp. said Thursday that its group net profit plunged 94.1 percent to 1.18 billion yen in the year to March 31, due chiefly to a 28 billion yen cut in interest income and a string of special losses.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Japan to require flight passengers to keep power banks within sight
The transport ministry has announced new regulations requiring flight passengers to keep power banks within sight to mitigate fire risks while on board planes.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Residents of Tokara Islands begin evacuation as seismic swarm continues
Details about evacuations from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecture, is seen written on a whiteboard in the city of Kagoshima on Thursday.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

Podcast

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

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
By Alex K.T. Martin

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