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JAPAN
Sep 29, 1998

Latest bank-bailing strategy may focus on capital ratios

The government and the ruling Liberal Democratic Party have outlined a new plan to inject public funds into ailing banks to replace the bank-recapitalization law that will be scrapped, government and LDP officials said Tuesday.
JAPAN
Sep 28, 1998

Japan, U.S. vow to cooperate on Y2K problem

Japan and the United States agreed Monday to deal more closely together with problems related to the millennium bug, as small and medium-size firms on both sides of the Pacific struggle to overcome the financial hurdle to remedy their computer systems by the turn of the century.
JAPAN
Sep 28, 1998

Japan Leasing collapses in record-setting bankruptcy

Japan Leasing Corp. -- one of three nonbank affiliates of the troubled Long-Term Credit Bank of Japan -- has failed and its top management will step down soon, the company said Monday.
JAPAN
Sep 28, 1998

LDP, opposition reach final agreement on bills

The ruling Liberal Democratic Party and the opposition camp reached a final agreement early Monday morning, putting an end to the prolonged dispute over financial stabilization bills.
JAPAN
Sep 28, 1998

Tokyo welcomes Schroeder

Japan is ready to cooperate closely with Gerhard Schroeder, whose Social Democrats won Germany's general election Sunday, to deepen bilateral relations, Prime Minister Keizo Obuchi said Monday.
JAPAN
Sep 28, 1998

Yanai denies report on joint TMD research memo

Vice Foreign Minister Shunji Yanai on Monday denied a report that Japan and the U.S. signed a memorandum of understanding on joint research for a proposed theater missile defense system at a meeting last week.
JAPAN
Sep 28, 1998

Defense Agency delays results of internal probe

The interim results of the Defense Agency's in-house probe of a suspected coverup in an overcharging scandal will be released in October, a month later than originally scheduled, the agency said Monday.
JAPAN
Sep 28, 1998

Court awards eye patients 100 million yen

OSAKA -- The Osaka District Court on Monday ordered a company that owns a failed Osaka ophthalmic hospital to pay about 100 million yen to 16 patients who suffered eye damage from the hospital's laser surgery.
JAPAN
Sep 28, 1998

Thieves hit store for 25 million yen in cosmetics

More than 3,000 cosmetic items worth about 25 million yen were stolen early Sunday from a store in Tokyo's Koto Ward, police said Monday.
JAPAN
Sep 28, 1998

Mitsubishi Motors accelerates streamlining

Staff writerTo expedite its restructuring program, Mitsubishi Motors Corp. has revised its earlier plan to reduce the number of employees and interest-bearing liabilities, an executive of MMC said Monday.
JAPAN
Sep 28, 1998

City banks Tokai, Asahi agree on retail tieup

In a strategic move to strengthen their presence in the retail banking field, Tokai Bank and Asahi Bank, both among the nation's nine major city, or commercial, banks, reached a comprehensive tieup agreement Monday to consolidate their branch offices and jointly develop financial products.
JAPAN
Sep 25, 1998

Special asylum-seeker permits may signal policy shift

Staff writer
JAPAN
Sep 25, 1998

Defense Agency spurns NEC, Toyo

The Defense Agency announced Friday that it will suspend business dealings with electronics giant NEC Corp. and affiliate Toyo Communication Equipment Co. from Oct. 1 in the wake of a procurement scandal involving former officials of the agency and the companies.
JAPAN
Sep 25, 1998

Saudi crown prince invited for visit

The Cabinet officially announced Friday that it will invite Crown Prince Abdullah bin Abdul Aziz Al-Saud of Saudi Arabia to Japan from Oct. 21 to 23 to strengthen bilateral relations.
JAPAN
Sep 25, 1998

JNR Settlements given 191 billion yen in rescue loans

The government decided Friday to extend about 191 billion yen in relief loans to JNR Settlements Corp. to avoid the public corporation's possible default.
JAPAN
Sep 25, 1998

Japan, South Korea reach fishing accord

A new bilateral fisheries agreement was formed between Japan and South Korea early Friday morning after both sides stopped bickering and compromised on catch quotas and fishing zone boundaries, according to government officials.
JAPAN
Sep 25, 1998

Toyota test-drive center caters to younger buyers

KOBE -- Responding to requests from younger customers, Toyota Motor Corp. will open a test driving center here on an unprecedented scale today in Nishi Ward.
JAPAN
Sep 25, 1998

Daylight-saving forum rekindles debate

In a move to promote energy saving and leisure activities in summer, the government convened on Friday an open forum in Tokyo to discuss introducing daylight-saving time.
JAPAN
Sep 25, 1998

LTCB can't give up loan claims, Nonaka says

In a desperate bid to break the deadlock over financial stabilization bills, the government announced Friday a major turnabout in its handling of the ailing Long-Term Credit Bank of Japan.
JAPAN
Sep 25, 1998

Second bribed bank inspector walks off with suspended term

The Tokyo District Court sentenced a former Finance Ministry bank inspector to a suspended 28-month prison term Friday for accepting 4.47 million yen in bribes from five major banks.
JAPAN
Sep 25, 1998

TICAD-II looks to halve African poverty by 2015

Staff writer
JAPAN
Sep 24, 1998

Bank inspector gets suspended sentence for bribes

A former Finance Ministry bank inspector was given a suspended prison term Thursday for receiving bribes worth more than 8 million yen from four major banks in exchange for providing tips on the ministry's bank inspection schedules.
JAPAN
Sep 24, 1998

Trash sticker thief bagged

A 48-year-old man faces charges for stealing stickers identifying nonhousehold waste from trash bags in Tokyo's Ginza district and using them on his own garbage, it was learned Thursday.
JAPAN
Sep 24, 1998

Opposition forms 'study group' aimed at Obuchi

A total of 156 Diet members from the non-Communist opposition forces met Thursday in Tokyo and formed a new study group that hopes to better unite the opposition parties against the ruling Liberal Democratic Party.
JAPAN
Sep 24, 1998

Lower House deliberating land mine treaty

The government began legislative procedures Thursday to ratify an international treaty banning the production, stockpiling and use of antipersonnel land mines.
JAPAN
Sep 24, 1998

Nissan sells head office in restructuring effort

In an effort to strengthen its financial position, Nissan Motor Co. on Thursday sold one of its two head office buildings in Ginza, an upscale shopping district in Tokyo, to Mori Building Development Co. and affiliate Mori Building Sangyo Co., the firm said.
JAPAN
Sep 24, 1998

Defense Agency opens internal procurement probe

An independent investigative committee set up by the Defense Agency to review its procurement system in the wake of a major overcharging scandal met for the first time Thursday.
JAPAN
Sep 24, 1998

Mercedes-Benz subcompact hits Japanese market

Mercedes-Benz Japan Co., a fully owned subsidiary of German automaker Daimler-Benz AG, announced Thursday the arrival of its first A-class subcompact car to hit the Japanese market, the A160.
JAPAN
Sep 24, 1998

Food poisoning strikes Defense officials

Two ill Defense Agency officials may have become Japan's latest food poisoning victims after eating a dinner prepared at an agency facility Wednesday evening, the agency said Thursday.
JAPAN
Sep 24, 1998

LDP 'deviating' from financial agreement

Despite comments from senior LDP officials that the ruling party would abide by an agreement made last week, it apparently failed to do so when delivering its latest financial stabilization proposals to opposition parties on Thursday.

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