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GM to beef up cooperation with Isuzu, Suzuki, Fuji Heavy

TOKYO, Japan - General Motors Corp. Chairman Rick Wagoner (L) speaks at a press conference at a Tokyo hotel on Oct. 20 about cooperation with its three Japanese automobile affiliates in the Asia-Pacific region. Yoshinori Ida (2nd from L), president of Isuzu Motors Ltd., Osamu Suzuki, chairman of Suzuki Motor Corp. (2nd from R) and Kyoji Takenaka, president of Fuji Heavy Industries Ltd., were also at the press conference.

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Sumitomo Mitsui to set up holding firm early Dec.

TOKYO, Japan - Yoshifumi Nishikawa, president of Sumitomo Mitsui Banking Corp., announces at a press conference at the head office of the Bank of Japan in Tokyo on July 30 that Sumitomo Mitsui Banking will set up a financial holding company in early December and place itself and three affiliates under the company's umbrella.

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Air Do launches Tokyo-Sapporo flight services

Passengers board the inaugural flight of Hokkaido International Airlines, known as Air Do, at Haneda airport in Tokyo on the morning of Dec. 20. The airline was licensed in October to operate air services between Tokyo and Sapporo, with fares set initially at 16,000 yen one way, 36 percent lower than regular ticket prices offered by existing airlines. Air Do is the second new carrier to break into the domestic air market, which was controlled for more than three decades by All Nippon Airways, Japan Airlines, Japan Air System and the carriers' affiliates until Skymark Airlines launched its Tokyo-Fukuoka route on Sept. 19.

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LTCB nonbank affiliate Japan Leasing goes under

Hiroaki Okamoto (C), president of Japan Leasing Corp., one of three nonbank affiliates of the ailing Long-Term Credit Bank of Japan (LTCB), bows his head low Sept. 28 at the end of a press meeting. He said Japan Leasing went bankrupt as it filed for court protection from its creditors under the Corporate Rehabilitation Law.

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Air Do launches Tokyo-Sapporo flight services

Passengers board the inaugural flight of Hokkaido International Airlines, known as Air Do, at Haneda airport in Tokyo on the morning of Dec. 20. The airline was licensed in October to operate air services between Tokyo and Sapporo, with fares set initially at 16,000 yen one way, 36 percent lower than regular ticket prices offered by existing airlines. Air Do is the second new carrier to break into the domestic air market, which was controlled for more than three decades by All Nippon Airways, Japan Airlines, Japan Air System and the carriers' affiliates until Skymark Airlines launched its Tokyo-Fukuoka route Sept. 19. ==Kyodo

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LTCB nonbank affiliate Japan Leasing goes under

Hiroaki Okamoto (C), president of Japan Leasing Corp., one of three nonbank affiliates of the ailing Long-Term Credit Bank of Japan (LTCB), bows his head low Sept. 28 at the end of a press meeting. He said Japan Leasing went bankrupt as it filed for court protection from its creditors under the Corporate Rehabilitation Law. ==Kyodo

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GM to beef up cooperation with Isuzu, Suzuki, Fuji Heavy

TOKYO, Japan - General Motors Corp. Chairman Rick Wagoner (L) speaks at a press conference at a Tokyo hotel on Oct. 20 about cooperation with its three Japanese automobile affiliates in the Asia-Pacific region. Yoshinori Ida (2nd from L), president of Isuzu Motors Ltd., Osamu Suzuki, chairman of Suzuki Motor Corp. (2nd from R) and Kyoji Takenaka, president of Fuji Heavy Industries Ltd., were also at the press conference. (Kyodo)

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Sumitomo Mitsui to set up holding firm early Dec.

TOKYO, Japan - Yoshifumi Nishikawa, president of Sumitomo Mitsui Banking Corp., announces at a press conference at the head office of the Bank of Japan in Tokyo on July 30 that Sumitomo Mitsui Banking will set up a financial holding company in early December and place itself and three affiliates under the company's umbrella. (Kyodo)