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JAPAN
Aug 4, 1997

Youths learn about horror of nuclear war

HIROSHIMA -- Although the world has become more aware of the dangers of atomic weapons, nuclear testing continues, Tatsuya Hayashi of the Hiroshima YMCA said August 4 at the opening of the three-day 1997 Youth Peace Seminar.
JAPAN
Aug 4, 1997

Beijing seeks 450 billion yen in loans for infrastructure

China has informally asked Japan to extend between 400 billion yen and 450 billion yen in official yen loans between fiscal 1999 and 2000 to help finance the communist country's infrastructure and other development projects, government sources said August 4.
JAPAN
Aug 4, 1997

Hashimoto to visit war museum during China trip

Prime Minister Ryutaro Hashimoto said August 4 that when he visits China in early September, he intends to visit a war museum in Shenyang that contains detailed exhibits portraying Japan's wartime atrocities and acts of genocide.
JAPAN
Aug 4, 1997

Alleged extortion try at DKB ends in arrest

A 70-year-old publisher was arrested August 4 for allegedly attempting to extort cash from Dai-Ichi Kangyo Bank after it canceled all subscriptions to magazines and other publications -- common sources of income for "sokaiya" corporate extortionists, police said.
JAPAN
Aug 1, 1997

Ancient mirror finding seems to back Kinki-Yamatai theory

OSAKA -- Five bronze mirrors were found in a tumulus in Takatsuki, Osaka Prefecture, reinforcing the theory that the ancient kingdom of Yamatai was in the Kinki region, instead of in northern Kyushu.
JAPAN
Aug 1, 1997

Auto sales post double-digit decline

Reflecting the continuing sluggish sales after the consumption tax hike in April, domestic auto sales posted double-digit decline in July from a year ago, the Japan Automobile Dealers Association said August 1.
JAPAN
Aug 1, 1997

Japan, Australia agree to cooperate in Asia-Pacific

Japan and Australia agreed August 1 to expand cooperation for stability and prosperity in the Asia-Pacific region, according to Foreign Ministry officials.
JAPAN
Aug 1, 1997

SESC gunning for Koike

The Securities and Exchange Surveillance Commission plans to file a criminal complaint against corporate extortionist Ryuichi Koike on suspicion that he demanded financial favors from Yamaichi Securities Co., investigation sources said August 1.
JAPAN
Aug 1, 1997

Okinawa accepts heliport boring survey

The Okinawa Prefectural Government officially accepted a central government request August 1 to conduct borings at a site off Nago on the east coast of Okinawa Island as part of a survey for a sea-based U.S. military heliport facility, prefectural officials said.
JAPAN
Aug 1, 1997

War photo exhibits open in Minato

Free photo exhibitions on atomic bombings, the Battle of Okinawa and air raids over central Tokyo are being held by the Minato International Association, a cultural exchange body affiliated with the government of Minato Ward, in various places in Tokyo.
JAPAN
Aug 1, 1997

Nikkei sinks below 20,000 after computer glitch hits TSE

The Tokyo Stock Exchange suffered its worst-ever technical failure when a programming bug in the computerized trading system shut down the entire system throughout early August 1.
JAPAN
Aug 1, 1997

Ex-mayor is sentenced to two years for bribes

Sanyu Ishii, who stepped down last year as mayor of the Tokyo suburb of Komae after incurring huge gambling debts, was sentenced August 1 to two years in prison and fined 4 million yen for accepting bribes from local construction firms.
JAPAN
Jul 31, 1997

Tokyo backs Peru, Vietnam for APEC membership

Tokyo supports Vietnam and Peru in their bids to become members in the Asia-Pacific Economic Cooperation forum, Foreign Minister Yukihiko Ikeda told Australian government officials July 31, according to Foreign Ministry officials.
JAPAN
Jul 31, 1997

Airport firm boasts strict corporate ethics charter

OSAKA -- Kansai International Airport Co. announced on July 31 that it has created a charter for corporate behavior in the company, which states that if misconduct occurs, the top management will severely punish those responsible, including self-imposing punishment on the management, if necessary.
JAPAN
Jul 31, 1997

Transport Ministry says Nakhodka was unseaworthy

The Russian tanker Nakhodka, which broke apart and sank off the Sea of Japan coast in January, was too old and worn out to weather the rough seas, a Transport Ministry panel concluded July 31.
JAPAN
Jul 31, 1997

Business group suggests simpler taxes to spur land sales

The nation's land-related taxes should be simplified to spur sluggish real estate sales, the Japan Association of Corporate Executives (Keizai Doyukai) said July 31.
JAPAN
Jul 31, 1997

Ikeda refuses to specify Japan's crisis zone

Foreign Minister Yukihiko Ikeda declined July 31 to specify the geographical scope of "areas surrounding Japan" that, according to a new bilateral defense cooperation guideline, would require Japanese military support for U.S. forces in the event of war.
JAPAN
Jul 31, 1997

Ministry outlines securities, cash account deregulations

The Finance Ministry on July 31 outlined a package of securities-related deregulation measures that includes lifting a ban on cash management accounts and allowing investment trusts to be sold at banks.
JAPAN
Jul 31, 1997

Australia opposes EU emissions goal for greenhouse gases

Australia is opposed to the European Union's proposal for reducing greenhouse gas emissions from 2000, Australian Environment Minister Robert Hill said July 31, according to Foreign Ministry officials.
JAPAN
Jul 31, 1997

Homes of top Yamaichi execs raided

Investigators carried out a raid on the homes of the chairman and the president of Yamaichi Securities Co. in Tokyo on July 31 over the alleged payoffs by the brokerage to a corporate racketeer.
JAPAN
Jul 31, 1997

Fujitsu looks to take over U.S. mainframe-maker Amdahl

Fujitsu Ltd. announced July 31 it will try to purchase all shares of Amdahl stock it does not yet own at $12 per share through an open takeover bid, with the total purchase price expected to be $850 million, pursuant to its definitive merger agreement.
JAPAN
Jul 30, 1997

Analysis: Bank's penalty an attempt to assuage public

Finance Ministry's decision July 30 to order Dai-Ichi Kangyo Bank to refrain from extending loans to new customers until the end of the calendar year was an attempt to show that it is seriously trying to tackle wrongdoing in the financial markets.
JAPAN
Jul 30, 1997

Smart kids can skip senior year to enter college

Students with outstanding talent in mathematics and physics equivalent to a high school graduate level or more will be allowed to skip their last year in high school to enter college at the age of 17, the Education Ministry said July 30.
JAPAN
Jul 30, 1997

Analysis: Nomura should weather sanctions nicely

The administrative penalty imposed July 30 on Nomura Securities Co. by the Finance Ministry over payoffs to a corporate extortionist will certainly hurt the nation's leading brokerage, but the pain may not last for very long.
JAPAN
Jul 30, 1997

Nomura, DKB hit with harsh penalties

The Finance Ministry slapped administrative penalties July 30 on Nomura Securities Co. and Dai-Ichi Kangyo Bank lasting from five months to a year for their roles in one of the biggest financial scandals to hit the nation this decade.
JAPAN
Jul 30, 1997

DKB president accepts fate

Dai-Ichi Kangyo Bank President Katsuyuki Sugita said July 30 his bank solemnly accepts the administrative punishment meted out for its payoffs and dubious loans to a "sokaiya" racketeer.
JAPAN
Jul 30, 1997

How they were punished

The following is a summary of the administrative penalties levied by the Finance Ministry against Dai-Ichi Kangyo Bank and Nomura Securities Co. Dai-Ichi Kangyo was ordered to:>1. Suspend the extension of credit to new customers at all of its domestic offices from Aug. 6 to Dec. 31, with some exceptions,...
JAPAN
Jul 30, 1997

Boxers detained for visa violations

The Tokyo Immigration Bureau has detained seven foreigners, including three professional boxers from the Philippines, for allegedly working at factories and farms in Ibaraki Prefecture without proper visas.
JAPAN
Jul 30, 1997

Bolivian envoy touts seeds of investment

Bolivian Ambassador Jorge Balcazar Aranibar, who finishes his assignment and departs for home July 31, believes the seeds have been sown for a stronger relationship with Japan.
JAPAN
Jul 30, 1997

Top brokerage to cut pay of board members, punish others

Following the announcement of administrative penalties against Nomura Securities Co. for its illegal dealings with a "sokaiya" corporate extortionist, Nomura will cut the salaries of its board members and punish 25 of its employees, President Junichi Ujiie said July 30.

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