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May 17, 2025
 

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JAPAN
Oct 23, 1998
FSA declares LTCB insolvent
The Long-Term Credit Bank of Japan's latent losses exceeded its net worth as of Sept. 30, indicating that it effectively is insolvent, the Financial Supervisory Agency said Friday.The LTCB was solvent in March but became effectively insolvent partly because the bank had not made sufficient provisions...
JAPAN
Oct 23, 1998
Faltering Ford charts new recovery path
By Reiji Yoshida
Struggling to gain a foothold in Japan, senior officials of Ford Motor's Japanese subsidiary next week will begin visiting affiliated auto dealers across the country.
JAPAN
Oct 23, 1998
Miyazawa sanguine on Long-Term credit debacle
Following the government's decision to temporarily place the Long-Term Credit Bank of Japan under state control, Finance Minister Kiichi Miyazawa said Friday that the bank's depositors and clients do not have to worry about its imminent takeover.Speaking at a news conference, he said all depositors'...
JAPAN
Oct 23, 1998
The Aum Trials: Ex-cultist to hang for role in Sakamoto killings
The Tokyo District Court sentenced Aum Shinrikyo deserter Kazuaki Okazaki, 38, to death Friday for taking part in the murders of an anti-Aum lawyer and the attorney's family and the killing of an errant cultist in 1989.Friday's ruling marks the first time capital punishment has been meted out in connection...
JAPAN
Oct 23, 1998
Ostracized burakumin leather tanners faced with new threat
By Hisane Masaki
The biggest victim of a leather products trade dispute between Japan and the European Union may turn out to be the hisabetsu buraku — the ostracized hamlets where many of Japan's social outcasts earn a living tanning leather.
JAPAN
Oct 23, 1998
NEC posts first midterm loss in five years
Struggling with the domestic economic slump and falling prices in the semiconductor market, NEC Corp. suffered a consolidated net mid-term earnings loss for the first time in five years, company officials said Friday.The net loss for the April-September period was 19.7 billion yen, with the operating...
JAPAN
Oct 23, 1998
'93 Rodong may have flown over Japan, agency admits
The Defense Agency has been informed by U.S. sources that the Rodong missile North Korea test fired in May 1993 might have flown over Japan, Defense Agency chief Fukushiro Nukaga said Friday.The single-stage missile possibly flew some 1,300 km and landed in the Pacific, Nukaga quoted the U.S. sources...
JAPAN
Oct 23, 1998
Defense seeks 963 million yen for missile defense
The Defense Agency on Friday requested 963 million yen in the fiscal 1999 budget to start a joint research program with the United States to develop a missile defense system.The budget is to cover the design and trial manufacture of missiles to be used for the Navy Theater Wide Defense system, the sea-based...
JAPAN
Oct 23, 1998
Government nationalizes Long-Term Credit Bank of Japan
The government placed the troubled Long-Term Credit Bank of Japan under state control Friday after the bank reported it may have to suspend repayments of deposits and other obligations.A report released by the Financial Supervisory Agency on the same day said the LTCB is insolvent, with liabilities...
JAPAN
Oct 23, 1998
APEC may force Japan into tariff compromise
Japan intends to seek a compromise on the easing of its fisheries and forestry trade barriers at next month's meeting of the Asia-Pacific Economic Cooperation forum, the government's top spokesman indicated Friday.Chief Cabinet Secretary Hiromu Nonaka said the government has virtually given up its position...
JAPAN
Oct 23, 1998
Death sentence 'a matter of course,' court says
By Yoko Hani
Staff writerFriday's ruling that sentenced to death former Aum Shinrikyo senior figure Kazuaki Okazaki is widely viewed by legal experts as "a matter of course," considering the heinous nature of the crimes.Explaining the reasons for capital punishment, presiding Judge Megumi Yamamuro at the Tokyo District...
JAPAN
Oct 23, 1998
Okazaki calls demand for death unfair
Kazuaki Okazaki, a former Aum Shinrikyo figure sentenced to death Friday, showed little emotion in court during the near hour it took the judge to read out his ruling. Sitting motionless with his hands on his knees and tilting his head down, he looked as if he was in deep meditation.But letters Okazaki...
Success of Chinese-made fighter jets against India raises alarm in Asia
Chinese J-10 fighter jets from the People's Liberation Army Air Force August 1st Aerobatics Team perform during a media demonstration at the Korat Royal Thai Air Force Base, Nakhon Ratchasima province, Thailand, in November 2015.
Rich Japanese still fear yen crash, wealth manager says
The yen slumped more than 2% on Monday alone, nearing ¥150 to the dollar, after the U.S. and China temporarily lowered tariffs, triggering a reversal of bearish dollar bets.
Japan to recognize Taiwan as place of origin in family registration system
Masataka Yuhara, secretary-general of the Friends of Lee Teng Hui Association in Japan, which has been calling for "Taiwan" to be permitted as a place of origin in family registers.
Irresponsible climbing prompts debate over who should pay for Mount Fuji rescues
Mount Fuji fills the skyline above a bridge connecting stores at a popular outlet shopping center in the city of Gotemba, Shizuoka Prefecture, in November 2024.
Akazawa's dilemma: no tariff deal or a half-baked deal
Chief tariff negotiator Ryosei Akazawa and his delegation in the Oval Office of the White House in April. Since then, Japan's trade negotiations with the U.S. have produced no tangible results.
Akazawa's dilemma: no tariff deal or a half-baked deal
Chief tariff negotiator Ryosei Akazawa and his delegation in the Oval Office of the White House in April. Since then, Japan's trade negotiations with the U.S. have produced no tangible results.
Nissan hoping to electrify home crowd as Formula E returns to Tokyo
Nissan's Oliver Rowland drives during qualifying for Miami E-Prix at Homestead Motor Speedway in Homestead, Florida, on April 12.
For his first feature film, director Ryuya Suzuki created a masterpiece
"Jinsei," which follows its protagonist over a century, probes themes of identity and societal issues with a dark comic touch. The director, however, says he created the story without knowing where it would lead.
Historian Rob Fitts discovers earliest ever reference to baseball in Japan
Japan's Shohei Ohtani carries the Japanese flag onto the field before the start of the World Baseball Classic final against the United States in Miami on March 21, 2023.
Japanese retailers turn to California rice for cheaper alternative
U.S. Ambassador to Japan George Glass eats California rice at the U.S. Embassy in Tokyo on Tuesday along with Mitsuko Tsuchiya, vice president of retailer Aeon.

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