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JAPAN
Jun 19, 1998

Act now to lift economy, Summers tells officials

U.S. Deputy Treasury Secretary Lawrence Summers entered into a flurry of talks with Japanese leaders Friday -- two days after the U.S. and Japan jointly intervened to prop up the ailing yen -- and repeated a call for Japan to promptly clean up the bad loans weighing down its economy.
JAPAN
Jun 19, 1998

Government plans LTCB bailout

The government began considering measures to bail out the financially troubled Long-Term Credit Bank of Japan, on the belief that it will be unable to rehabilitate on its own, Kyodo News reported Friday, quoting government sources.
JAPAN
Jun 19, 1998

35th Japan-U.S. business conference set for July

About 90 business leaders will meet in Tokyo for the 35th Japan-U.S. Business Conference from July 12-14, the head of Japan-U.S. Business Council said Friday.
JAPAN
Jun 18, 1998

Foreign inmate wants out for anorexia treatment

A 29-year-old Iranian inmate at Fuchu Prison has requested the Tokyo High Public Prosecutor's Office suspend his jail term so he can receive treatment for anorexia, his lawyers said Thursday.
JAPAN
Jun 18, 1998

Experts recommend drafting medical disclosure law

A panel of experts proposed Thursday that a law be established requiring doctors to provide patients access to their medical records upon request.
JAPAN
Jun 18, 1998

Forced war laborer recounts suffering, isolation in Japan

An 84-year-old Chinese man recounted in court how he was abducted from his home in 1944, taken to a Hokkaido coal mine where he was forced to work, then hid out in the mountains, where he lived alone for 13 years unaware that the war had ended.
JAPAN
Jun 18, 1998

Diet wraps up term after passing 106 bills, extra budget

Staff writer
JAPAN
Jun 18, 1998

Harvard plans to build strong regional ties at Asia Center

Harvard University is looking for a role to play in providing a cooperative international mechanism or organization to help manage crises when they occur and even before they hit, the president of the prestigious American university said.
JAPAN
Jun 18, 1998

Election Equation: Head housewife promotes war on apathy

Despite the public's reasonable disgust with the state of Japanese politics, voters must not lose hope that they can enact change, said Hatoko Shimizu, president of the Japan Housewives' Association.
JAPAN
Jun 18, 1998

Intervention overseas sends yen, markets sailing

The yen soared to as high as 135-to-the-dollar in Tokyo trading Thursday after Japanese and U.S. authorities surprised overseas currency markets with joint intervention overnight.
JAPAN
Jun 18, 1998

Arthur D. Little selects Fukushima as next chief

Inc., a global strategic consulting firm, on Thursday announced that Glen Fukushima, president of the American Chamber of Commerce in Japan, has become its president. Fukushima, who was vice president of AT&T Japan Ltd., the wholly-owned subsidiary of AT&T Corp. in the U.S., assumed the current position...
JAPAN
Jun 18, 1998

Trade surplus for May jumped 66.6%

The nation's surplus in merchandise trade in May jumped 66.6 percent from a year earlier to 1.22 trillion yen due to a plunge in imports caused by the prolonged economic slump, the Finance Ministry said Thursday.
JAPAN
Jun 18, 1998

Tokyo to host emergency meeting to deal with Asian crisis

The government will host an emergency meeting Saturday in Tokyo with representatives from 18 economies to discuss the Asian economic crisis, a senior Finance Ministry official said Thursday.
JAPAN
Jun 18, 1998

Moody's downgrades LTCB subordinated debt ratings

Moody's Investor Services said Thursday it will downgrade its ratings for subordinated debts of Long-Term Credit Bank of Japan and LTCB Finance, adding the ratings will remain under review for further possible downgrade.
JAPAN
Jun 18, 1998

Japan becomes top aid donor for seventh straight year

Japan stretched its record as the world's top aid donor to seven consecutive years in 1997 despite cuts in official development assistance and a depreciating yen, the Foreign Ministry said Thursday.
JAPAN
Jun 18, 1998

Partyspeak: Komei seeks to thwart LDP quest for majority

Third in a series
JAPAN
Jun 18, 1998

Talented students may get chance to do college in three years

Smart kids will be able to wrap up college in three years -- instead of four -- by taking more credits per semester if approved by schools, according to the University Council, an advisory panel to the education minister.
JAPAN
Jun 17, 1998

LTCB seeks to end rumors as stock hits all-time low

The Long-Term Credit Bank of Japan held its second news conference in two weeks Wednesday to again deny market rumors questioning the bank's soundness.
JAPAN
Jun 17, 1998

Diet enacts '98 supplementary budget

Diet enacted the fiscal 1998 supplementary budget Wednesday night, paving the way for the long-awaited implementation of the government's 16 trillion yen stimulus package.
JAPAN
Jun 17, 1998

Business scholars foresee changes for Japan Inc.

Staff writer
JAPAN
Jun 17, 1998

MITI body launches one-year coal study policy

The Coal Mining Council, an advisory body to the minister for international trade and industry, convened Wednesday to start a one-year study of the government's coal policy.
JAPAN
Jun 17, 1998

Election Equation: Energy of disabled can inspire sea change

Third in a series
JAPAN
Jun 17, 1998

Partytalk: Kato vows to attack bad loans

Second in a series
JAPAN
Jun 17, 1998

ANA pilot strike resumes Tuesday

A labor union for All Nippon Airways pilots and flight engineers will resume its walkout on international flights next Tuesday, calling the latest offer by management insufficient, a spokesman for the union said Wednesday.
JAPAN
Jun 17, 1998

BOJ debated easing rates but opted to wait, minutes show

Bank of Japan policy board members decided to forgo a further easing of monetary policy two months ago and wait to observe the effects of the government's record stimulus package, according to minutes of their April 24 meeting released Wednesday.
JAPAN
Jun 17, 1998

Mitsubishi Materials appoints execs for U.S. subsidiary

Mitsubishi Materials Corp. has announced a number of top-level appointments for its new U.S. subsidiary, Mitsubishi Materials USA Corp., which will unify the various Mitsubishi Materials operating companies in America from early 1999.
JAPAN
Jun 17, 1998

Court backs Osaka ruling on wining and dining disclosure

OSAKA -- The Osaka High Court on Wednesday upheld a lower court ruling in March 1997 that ordered the Osaka Municipal Government to disclose the names and titles of those who were wined and dined by the city with taxpayers' money.
JAPAN
Jun 17, 1998

Matsunaga, Hayami clash on bad loans

Finance Minister Hikaru Matsunaga disagreed Wednesday with Bank of Japan Gov. Masaru Hayami, saying commercial banks should not disclose some of their problem loans to avoid hurting borrower firms.
JAPAN
Jun 17, 1998

Japanese Windows 98 to debut July 25

Microsoft Corp. announced Wednesday that it will launch the Japanese version of its Windows 98 operating system on July 25 in Japan.
JAPAN
Jun 16, 1998

Protected panel reaches no conclusion on war-memorial plan

Protected by a dozen security guards and a metal detector, a controversial advisory panel to the Tokyo governor ended its final session Tuesday on a planned memorial hall for victims of U.S. air raids during World War II.

Longform

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