search

 
 
JAPAN
Oct 6, 1998

World Bank infrastructure facility to aid developing states

Japan and Britain jointly announced that they are working with the World Bank to establish a new technical assistance facility to boost involvement by the private sector in infrastructure improvement in developing countries, the World Bank said Tuesday.The joint initiative, dubbed the Public-Private...
JAPAN
Oct 6, 1998

September minivehicle sales slipped 16%

Sales of minivehicles in Japan fell 16.3 percent in September from a year earlier to 123,945 units, marking the 12th straight month of decline, the Japan Mini Vehicles Association said Tuesday.Minivehicle sales during the first half of fiscal 1998 through September totaled 686,672, down 7.7 percent...
JAPAN
Oct 6, 1998

Half of arrested Wakayama duo admits keeping arsenic

WAKAYAMA -- A former Wakayama termite exterminator arrested with his wife on Sunday over alleged insurance fraud has dropped his denials and admitted to police he once kept arsenic, police sources said Tuesday.The lethal substance -- the same as that used in a fatal curry poisoning that killed four...
JAPAN
Oct 6, 1998

EPA reverses forecast to 1.8% negative growth for '98

With amazing foresight, the Economic Planning Agency said Tuesday that the nation's economy will probably shrink by an inflation-adjusted 1.8 percent in fiscal 1998, reversing its initial projection of 1.9 percent growth for the current year.The contraction, which would be the largest one ever recorded...
JAPAN
Oct 6, 1998

U.S. frets foot-dragging on defense guidelines

U.S. President Bill Clinton is concerned about the speed of Diet approval of legislation concerning revised Japan-U.S. defense guidelines, Rust Deming, the U.S. deputy assistant secretary of state, told executives of the ruling Liberal Democratic Party Tuesday morning.In a meeting with LDP Secretary...
JAPAN
Oct 6, 1998

Rebuff to lewdness sparks stabbing

OSAKA -- A woman was seriously wounded when she was stabbed by an unidentified man on a street in Fujiidera, Osaka Prefecture, early Tuesday after refusing to look at his naked bottom, police said.The assailant, after dropping his pants, approached the 21-year-old female restaurant worker on the street...
JAPAN
Oct 6, 1998

LDP ready to submit bank bills

Apparently convinced that bills to recapitalize financial institutions can be passed in the current Diet session, the ruling Liberal Democratic Party is set to submit the bills today.On Tuesday, the LDP presented a revised version of its new bank recapitalization scheme to the opposition camp, a scheme...
JAPAN
Oct 5, 1998

TSE fails to hold 13,000 line

Reflecting financial uncertainties worldwide, share prices on the Tokyo Stock Exchange tumbled Monday with the benchmark 225-issue Nikkei average closing below 13,000 for the first time since Jan. 30, 1986.Trading closed at 12,948.12, down 275.57 points from Friday's close of 13,223.69 as sluggish afternoon...
JAPAN
Oct 5, 1998

EU to present deregulation package next week

The European Union will present new deregulation proposals to Japan when the two sides hold ministerial-level meetings in Tokyo next Monday, a senior officials of the European Commission said Monday.Speaking to reporters in Tokyo, Ove Juul Joergensen, head of the Delegation of the European Commission...
JAPAN
Oct 5, 1998

Shareholder sues ex-Yamaichi execs

A shareholder of Yamaichi Securities Co. filed a lawsuit Monday against former executives of the firm, demanding they return about 6 billion yen to the failed brokerage.The lawsuit, filed with the Tokyo District Court, is the first legal action by shareholders against Yamaichi over its window dressing.The...
JAPAN
Oct 5, 1998

Mitsubishi unveils next generation of minicars

Mitsubishi Motors Corp. announced Monday the launch of three fully redesigned minicars it hopes will energize the stagnant economy.The announcement is the first of a flurry of minicar announcements expected due to new regulations imposed Oct. 1 on the Japanese minicar industry.This week, major minicar...
JAPAN
Oct 5, 1998

The Kim Visit: 'Sorry' may not be enough to bridge past

Staff writerWhen South Korean President Kim Dae Jung makes his official visit this week, Japan is expected to apologize and express remorse for its past conduct toward Koreans. But complete reconciliation between the people of the two nations may not be possible until they come to a better mutual understanding...
JAPAN
Oct 5, 1998

Lower House panel passes JNR debt bills

Bills to dispose of 27.8 trillion yen in debts left by the former Japanese National Railways were passed Monday by a Lower House special committee after the ruling Liberal Democratic Party and two opposition parties reached a compromise.The bills, which are expected to be passed by a Lower House plenary...
JAPAN
Oct 5, 1998

Investment firm puts trust in disclosure

18th in an occasional series on financial deregulationStaff writerAlliance Capital Investment Trust Management Inc. of Tokyo is attempting to calm anxious customers by fully explaining how their funds have been hurt amid global financial instability, company President Takahiro Fujino said.The severe...
JAPAN
Oct 5, 1998

Japan kicks off Asia intellectual property forum

Underscoring the need for Asian economies to protect intellectual property rights and counter counterfeits with their ever-growing borderless economic activities, delegates from 22 countries assembled Monday in Tokyo for a three-day forum on the issues.The forum, the second of its kind following one...
JAPAN
Oct 5, 1998

Defense data discarded before raids, Akiyama admits

The former chief of the Defense Agency secretariat discarded documents linked to the procurement scandal at his home before prosecutors raided the agency on Sept. 3, Masahiro Akiyama, administrative vice minister of the agency, admitted Monday.Denying earlier news reports that Masayuki Fujishima, 55,...
JAPAN
Oct 5, 1998

Workshop to discuss development of Mekong countries

Staff writerHigh-level officials from nine countries and six international organizations will meet in Tokyo early next month to discuss ways to accelerate the development of the greater Mekong subregion despite the deep Asian economic crisis, Foreign Ministry sources said Monday.The workshop, scheduled...
JAPAN
Oct 2, 1998

Nikkei has close brush with 13,000

Tokyo share prices managed to eke out a modest gain Friday, thanks to government officials' warnings against speculative selling and buying support by public fund managers.The 225-issue Nikkei average plunged below the 13,000 level briefly for the first time in 12 years and eight months before ending...
JAPAN
Oct 2, 1998

Dioxin-tainted soil removal begins in Osaka

OSAKA -- Work started Friday to remove soil highly contaminated with dioxin from an incinerator in Nose, Osaka Prefecture, but the final destination of the soil has yet to be determined.The removal of the soil, which contains more than 1,000 picograms of dioxin per gram of soil, marks the first such...
JAPAN
Oct 2, 1998

Justice Minister gets tough on illegal aliens

Justice Minister Shozaburo Nakamura said Friday that he has instructed ministry bureaucrats to revise the immigration law to toughen penalties against foreigners who have entered Japan illegally.In a regular news conference, Nakamura said he wants the Immigration Control and Refugee-Recognition Law...
JAPAN
Oct 2, 1998

23 children hit by heat stroke

Twenty-three elementary school children in Tokyo were transported to the hospital Friday morning after complaining of feeling ill during field day events, school officials said.The Tokyo Fire Department said they transported seven boys and 16 girls to the hospital. All were determined to have suffered...
JAPAN
Oct 2, 1998

Dead woman found floating in Imperial palace moat

The body of a woman was found Friday morning floating in an outer moat of the Imperial Palace.According to metropolitan police, a passerby found the body floating in the moat in a prone position between Shin-mitsuke bridge and Ushigome bridge at around 10:40 a.m. Appearing to be in her 50s, the woman...
JAPAN
Oct 2, 1998

IBJ, Dai-ichi Life plan tieup by 2000

The Industrial Bank of Japan and Dai-ichi Mutual Life Insurance Co. announced Friday a plan for a broad-based business tieup designed to strengthen each side to survive the Japanese "Big Bang" financial deregulation.The move is the latest business alliance to be announced among the major Japanese financial...
JAPAN
Oct 2, 1998

Lower House stamps reforms in 'epoch-making' action

After weeks of intense negotiations between the Liberal Democratic Party and the opposition camp, key financial reform bills designed to fix Japan's banking sector woes cleared the Lower House Friday evening.The bills were sent immediately to the Upper House and could become law as early as next Friday.After...
JAPAN
Oct 2, 1998

Unemployment hits record 4.3%

The number of unemployed people in Japan shot up 28.6 percent in August compared with the previous year to reach 2.97 million -- the highest recorded figure ever, the Management and Coordination Agency said Friday.The recession caused the nation's August unemployment rate, which set record lows for...
JAPAN
Oct 2, 1998

Toza students, creditors may be out of luck

OSAKA -- It is highly unlikely that students of the Kansai branches of the failed English-language school Toza Gaigo Gakuin or creditors of Alles, the school's operator, will recover their tuition or loan payments, as the bankrupt firm's collected assets were far less than taxes owed, an administrator...
JAPAN
Oct 2, 1998

New technology firms to show wares at OCCI forum

OSAKA -- The Osaka Chamber of Commerce and Industry is inviting companies to the Global Venture Forum '98, slated for later this month, to view new technologies created by venture businesses in Japan and other countries.At the two-day convention starting here Oct. 22, 35 venture companies from eight...
JAPAN
Oct 2, 1998

LDP presents new recapitalization plan

Following Friday's passage of key financial reform bills in the Lower House, the Liberal Democratic Party presented its plan to recapitalize financial institutions to four opposition parties.Negotiations between the LDP and the opposition camp over the measures, which would replace the current bank...
JAPAN
Oct 2, 1998

ODA reduction requires greater efficiency: white paper

Reform of Japan's official development assistance is needed to achieve efficient and effective ways of extending foreign aid, an ODA white paper released Friday says."Japan's ODA in the current fiscal year, which ends March 31, 1999, has been cut by 10.4 percent. ... Therefore, efficiency and effectiveness...
JAPAN
Oct 2, 1998

Seibu line sabotage probed

Police said Friday they are investigating cases of train sabotage, adding that there have been seven cases of what appears to be intentional disruptions of train services on four Seibu Railway Co. lines in western Tokyo since the beginning of September.Police suspect the disruptions were caused by the...

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji