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Komazawa University, hit by financial crisis, loses 15.4 bil. yen

National20 November, 2008 03:06
TOKYO - Komazawa University, a major private university in Tokyo, has incurred losses of roughly 15.45 billion yen in the trading of high-risk financial products known as derivatives, falling victim to the financial crisis, officials at the university said Wednesday.The ...
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Ex-Nishimatsu official arrested over embezzlement case

Crime Blotter20 November, 2008 03:00
TOKYO - A former official of second-tier general constructor Nishimatsu Construction Co. was arrested Wednesday on suspicion of embezzling roughly 35 million yen in slush funds allegedly amassed through the firm's overseas projects, Tokyo prosecutors said.The Tokyo District Public Prosecutors ...
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Aso to review postal privatization plan initiated by Koizumi

Politics20 November, 2008 02:50
TOKYO - Prime Minister Taro Aso said Wednesday he intends to review the privatization process of Japan's postal services, which was initiated by former Prime Minister Junichiro Koizumi, and that he plans to freeze the planned sale of state-owned shares ...
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Isuzu Motors to cut all part-time, temp workers at domestic plants

Business20 November, 2008 02:48
TOKYO - Isuzu Motors Ltd. has decided to terminate employment contracts with all 1,400 temp staffers and seasonal workers in Japan at the end of this year in response to sluggish sales amid the global financial crisis, Isuzu officials said ...
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'Ogu-Shio' doubles pair victorious at national c'ships

Sports17 November, 2008 05:31
TOKYO - Kumiko Ogura and partner Reiko Shiota defeated fellow Olympians Satoko Suetsuna and Miyuki Maeda 25-23, 21-19 Sunday to claim their fifth consecutive women's doubles title in their final match together at the badminton national championships.Ogura and Shiota have ...
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JR Tokai aims to begin construction of maglev train by early 2010s

Technology20 November, 2008 02:55
NAGOYA - Central Japan Railway Co. hopes to start building a magnetically levitated train system linking Tokyo and Nagoya by the first half of the 2010s to meet its plan to launch the service in 2025, the company's president said ...
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Taiwan's ex-President Chen released from hospital, back to jail

Asia20 November, 2008 03:02
TAIPEI - Former Taiwanese President Chen Shui-bian was released Wednesday from a Taipei hospital and escorted back to a detention center as he entered the eighth day of a hunger strike to protest what he said is a politically motivated ...
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APEC ministers begin talks, with strong focus on economic crisis

World20 November, 2008 02:51
LIMA - Asia-Pacific foreign and trade ministers began a two-day meeting in Lima on Wednesday, with a strong focus on measures to minimize the impact of the spreading global financial turmoil on the real economy.In an effort to instill confidence ...
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