Defense Agency Picks Domestic Engine For Px Patrol Plane: Report

Defense Agency picks domestic engine for PX patrol plane: report
The Defense Agency will equip next-generation PX patrol planes with a jet engine developed by Ishikawajima-Harima Heavy Industries Co. and other domestic companies, a Japanese business daily reported Thursday. The decision to use the domestic engine in the PX will help Japan’s aircraft and defense industries improve technology and boost earnings….

Wal-mart, Aeon for the rotting carcass of Carrefour Japan

Wal-Mart, Aeon bid for Carrefour’s Japan ops-paper
TOKYO, Dec 2 (Reuters) – Three Japanese and U.S. retailers, including Wal-Mart Stores Inc. , have placed competing bids to buy Carrefour SA’s Japanese outlets, all valuing the business at more than $300 million, a newspaper said on Thursday.
In addition to Wal-Mart, the world’s largest retailer, Aeon Co. , which is Japan’s biggest retailer, and general merchandiser Izumiya Co. Ltd. have submitted bids, the Asian Wall Street Journal reported…..

Japanese utilities slash prices (huh?)

Japanese utilities slash prices as firms pull plug
TOKYO – Japan’s automakers, retailers, and shopping-mall owners are spurning the country’s power utilities and making their own electricity.
To combat this trend and fight off a dozen new entrants into Japan’s power-supply sector, major utilities like Tokyo Electric Power Co. and Kansai Electric Power Co. have been cutting their prices….

Tokyo Stocks Advance In Midday Trading

Tokyo Advances in Midday Trading
TOKYO, Dec 01, 2004 — Tokyo stocks rose Thursday morning following Wall Street’s overnight strength …
The Nikkei Stock Average of 225 issues rose 174.75 points, or 1.62 percent, to 10,959.00 points at the end of morning trading. On Wednesday, the index lost 115.00 points, or 1.06 percent,,,

Chanel flaunts “absolute luxury” in new Tokyo store

Chanel's toyo store TOKYO, Dec 1 (AFP) – With a 10-floor palace of glass at the ritziest of all Tokyo addresses, Chanel is launching its biggest boutique in the world, banking that Japan’s famous appetite for luxury is alive and well….
…”We decided on absolute luxury. The future of luxury in Japan is a lot more luxury,” said Richard Collasse, the head of the French company’s Japan branch. “We’re betting on the high end, and that runs against what everyone is doing,” ….

Sony’s woes as iPod takes off

iPod
Apple Deepens Sony’s Woes as iPod Takes Off

Tokyo-based Sony’s embarrassment at Apple’s hands is another setback for the company that in 1979 invented the world’s first portable music player, the Walkman. Sony’s profit from consumer electronics has fallen in five of the past six years as Sharp and Matsushita Electric Industrial grabbed the digital initiative with flat-screen televisions and DVD players…..

Tokyo Stocks Finish Lower

Tokyo Stocks Finish Lower
TOKYO, Dec 01, 2004 — Tokyo stocks finished lower Wednesday as Wall Street’s overnight losses prompted concerns about the U.S. economy and the effect on Japan’s fragile recovery. The U.S. dollar … bought 102.78 yen at 3 p.m. (0600 GMT) Wednesday, down 0.38 yen from late Tuesday in Tokyo

SLIMMING DOWN THE HYPE in Japanese diet ads

SLIMMING DOWN THE HYPE: Ministry moves to ban false ads for miracle dietary supplements
….In one ad, the powdered supplement was dropped into a glass of water containing olive oil. Then, oily clumps formed and sank, implying similar results occur in the stomach.
“Even if you eat anything, as much as you want,” another said, “fats will be expelled.”….
…Researchers found 90 percent or more of consumed fats and carbohydrates were absorbed by the rats’ bodies-in all 10 groups. “We can surmise that the same thing takes place in the human body,” said Kazuhiko Yamada, manager of the institute’s Applied Food Research Division….

Japan’s Parliament Approves Bill To Let Japanese Companies Sue U.S. Companies In Dumping Disputes

Japan’s Parliament approves bill to let Japanese companies sue U.S. companies in dumping disputes
Japan’s measure allows Japanese businesses to retaliate against U.S. companies that gain from U.S. government duties imposed on Japanese products allegedly dumped —or sold at below-market prices— in the United States