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JAPAN

Dec 21, 1999

FRC backs plan to end protection for depositors

The Financial Reconstruction Commission agreed Tuesday that it is better to go ahead with a plan to end government protection for all bank deposits on March 31, 2001, rather than postponing it. FRC Chairman Michio Ochi, who is also a state minister, detailed his position as the ruling coalition struggles...

JAPAN

Dec 21, 1999

Sanwa Bank to enter consumer loan turf

Sanwa Bank will enter the consumer loan business by setting up a joint venture with two consumer finance firms, Promise Co. and Aplus Co., according to the bank. The joint venture, capitalized at 10 billion yen, will be set up April 1 and will start operations later in the year, Sanwa officials said...

JAPAN

Dec 21, 1999

Obuchi to hear Pacific island voices before G8

Prime Minister Keizo Obuchi announced Tuesday that Japan will hold a meeting of leaders of Pacific island nations April 22 in Miyazaki as part of efforts to reflect viewpoints in the region on the upcoming Group of Eight summit in Okinawa this July.

JAPAN

Dec 21, 1999

Aum gives trustee funds for redress

Aum Shinrikyo has used some of the money it earned from the sale of a number of premises in the town of Kiso-Fukushima, Nagano Prefecture, to compensate victims of crimes the cult has been accused of, the cult's bankruptcy administrator said Tuesday. Administrator Saburo Abe told a news conference Tuesday...

JAPAN

Dec 21, 1999

Gov. Yokoyama resigns before indictment

OSAKA -- Osaka Gov. "Knock" Yokoyama was indicted Tuesday on charges of molesting a female campaign aide. The indictment followed a letter of resignation that he had submitted from his hospital bed to the prefectural assembly earlier in the day. The Osaka District Public Prosecutor's Office indicted...

JAPAN

Dec 20, 1999

Nonutilities get guidelines for power retail

The Ministry of International Trade and Industry and the Fair Trade Commission released joint guidelines Monday to regulate nonutility firms as they enter the nation's electric power retail market. The move is in line with the revised Electricity Enterprise Act, which will take effect on March 21. Under...

JAPAN

Dec 20, 1999

LDP mulls redress for Korean vets

The Liberal Democratic Party was to begin drawing up a plan Monday to compensate permanent South Korean residents of Japan who worked under the Imperial Japanese forces but are ineligible for pensions because they are no longer Japanese citizens. LDP sources said Sunday that the party was leaning toward...

JAPAN

Dec 20, 1999

Tiger trade crackdown set for OK

The Cabinet is poised to approve today a revision of the Law for the Conservation of Endangered Species to ban trade in tiger parts. Under pressure from domestic and international nongovernmental organizations over the large amount of tiger- derived products in Japan, the government inked a revision...

JAPAN

Dec 20, 1999

Man admits killing pilot in skyjacking

Yuji Nishizawa, 29, admitted Monday before the Tokyo District Court that he hijacked an All Nippon Airways jumbo jet and stabbed its captain to death in July. In his opening statements, Nishizawa's lawyer argued that Nishizawa could not be held accountable for the charges, claiming he was insane at...

JAPAN

Dec 20, 1999

Sanwa to enter the consumer loan arena

Sanwa Bank announced Monday it will enter the consumer loan business by setting up a joint venture with two consumer finance firms, Promise Co. and Aplus Co. The joint venture, capitalized at 10 billion yen, will be set up April 1 and will start operations later in the year, Sanwa officials said. Sanwa...

JAPAN

Dec 20, 1999

'Zaito' funds slashed to 42.9 trillion yen

The Cabinet approved a draft Monday for a fiscal investment and loan program for fiscal 2000 worth 42.9 trillion yen, down 18.7 percent from the current year. The decrease in the scale of the so-called zaito program is the biggest ever. The drop is in preparation for the government's plan to overhaul...

JAPAN

Dec 20, 1999

MITI mulls taking steel gripe to WTO

The Ministry of International Trade and Industry may pursue Japan's steel-trade dispute with the United States at the World Trade Organization, a MITI official Monday quoted trade chief Takashi Fukaya as telling the Japanese steel industry. During an hourlong meeting with representatives of the industry,...

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.

Kabukicho: Tokyo’s ‘stadium of desire’

Dangami House is a 180-year-old former samurai residence of the Kato clan, who ruled over Ozu, Ehime Prefecture, until the Meiji Restoration.

A house, a legacy and the quiet work of restoration in rural Japan

By Hanako Lowry

SUSTAINABLE JAPAN

Smile! It’s ‘Sanrio Time,’ now and ever after

Smile! It’s ‘Sanrio Time,’ now and ever after

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