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July 24, 2025
 

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JAPAN
Dec 24, 1997

Koreans file lawsuit over wartime back pay

OSAKA -- Two Koreans employed at a Japanese steel factory during World War II filed a lawsuit with the Osaka District Court Wednesday demanding that the national government and Nippon Steel Corp. pay them the arrears of their wages.
JAPAN
Dec 24, 1997

Nago mayor accepts plan for U.S. heliport

Tetsuya Higa, mayor of Nago, Okinawa Prefecture, said Wednesday his city will accept the government's plan to build a sea-based heliport there for use by the U.S. military.
JAPAN
Dec 24, 1997

Honda plans to increase U.S. auto production

Honda Motor Co. announced on Wednesday that by the end of 2001, it will increase its annual production capacity in the United States and Canada to more than 1 million vehicles from the current level of 790,000 units.
JAPAN
Dec 24, 1997

Water-meter firms found guilty of bid-rigging

The Tokyo High Court on Wednesday found 25 water meter manufacturers and 34 of their employees guilty of rigging bids for Tokyo Metropolitan Government contracts in violation of the Anti-Monopoly Law.
JAPAN
Dec 24, 1997

Extra guarantees sought for Deposit Insurance Corp.

The government should extend additional guarantees of up to 10 trillion yen to Deposit Insurance Corp. to help boost financial institutions' capital and prevent their collapse, the ruling Liberal Democratic Party basically decided Wednesday.
JAPAN
Dec 24, 1997

Fortune names Sony chief Idei as Asia's top executive

U.S. business magazine Fortune has announced that Sony Corp. President Nobuyuki Idei has been chosen as its first Businessman of the Year in Asia.
JAPAN
Dec 24, 1997

Another public funds scheme hatched

Mitsuo Horiuchi, minister for international trade and industry, on Wednesday urged financial authorities to consider using public funds for an investment cooperative that would purchase corporate shares held by banks.
JAPAN
Dec 24, 1997

LDP's Kato suggests regional banks close overseas units

In another attempt to ease the growing credit crunch, Koichi Kato, secretary general of the ruling Liberal Democratic Party, has urged Japan's regional banks to close their international operations and focus on supplying more funds to local companies.
JAPAN
Dec 24, 1997

Large-store law to be scrapped, revised

The government said Wednesday it will scrap the Large-Scale Retail Stores Law law, which restricts operations of large-scale retailers, and implement new rules to protect the surrounding neighborhood when new large retail stores are opened.
JAPAN
Dec 24, 1997

Heroic actor Toshiro Mifune dead at age 77

Actor Toshiro Mifune, who appeared in 16 Akira Kurosawa films, including "Rashomon" in 1950 and "Seven Samurai" in 1954, died Wednesday night at a hospital in Mitaka, Tokyo. He was 77.
JAPAN
Dec 23, 1997

LDP lawmaker resigns from fiscal panel amid allegations

The secretary general of the Liberal Democratic Party's financial stability subcommittee has stepped down from that and another panel amid allegations he profited from Nikko Securities Co. through dubious equity investments made on his behalf, LDP sources said Tuesday.
JAPAN
Dec 23, 1997

'Pocket Monsters' show on hold as investigation continues

TV Tokyo has announced it will suspend broadcasts of the popular "Pocket Monsters" cartoon series pending an investigation into last week's outbreak of convulsions and fainting that afflicted about 700 viewers.
JAPAN
Dec 23, 1997

Maruso Securities files for bankruptcy

Midsize brokerage house Maruso Securities Co. filed a petition Tuesday with the Tokyo District Court for permission to start voluntary bankruptcy proceedings, court officials said.
JAPAN
Dec 23, 1997

Feature: Horse-drawn globe-trotters come to Japan

Staff writer
JAPAN
Dec 22, 1997

Two Shinshinto members to defect

Two more members of Shinshinto said Monday that they are leaving the largest opposition party, becoming the first politicians to defect since Ichiro Ozawa was re-elected party chief last week.
JAPAN
Dec 22, 1997

Hashimoto concerned with Nikkei's slide

Prime Minister Ryutaro Hashimoto said Monday he was "very concerned" that the Tokyo Stock Exchange's key barometer has dropped below 15,000 yen.
JAPAN
Dec 22, 1997

LDP member admits profiting from shady Nikko stock deals

An LDP Lower House member became entangled in the scandals enveloping the country's four major brokerages Monday when he admitted to receiving profits from Nikko Securities Co. through dubious equity investments.
JAPAN
Dec 22, 1997

Economic worries send TSE below 15,000 level

The Tokyo stock market ended sharply lower Monday, with the downtrend in share prices continuing unabated amid growing worries about the ailing economy.
JAPAN
Dec 22, 1997

Daiwa Bank, IBM form data managing venture

Daiwa Bank and IBM Japan Ltd. said Monday they have agreed to form a joint venture that will develop and operate information systems for the commercial bank.
JAPAN
Dec 22, 1997

State delays response to Nago referendum

Prime Minister Ryutaro Hashimoto said on Monday that his government will wait until local authorities in Okinawa Prefecture make a final decision on whether to accept a controversial heliport project before responding to its rejection by plebiscite Sunday in Nago.
JAPAN
Dec 22, 1997

Mitsuzuka tells banks to avoid credit crunch

Finance Minister Hiroshi Mitsuzuka called on the banking industry Monday to take strict steps to ensure there would be no credit crunch toward the end of the year -- a situation anxiously anticipated by many small businesses.
JAPAN
Dec 22, 1997

Student violence tops record 10,000 incidents

The number of incidents of violence at public junior high and high schools surpassed 10,000 in fiscal 1996, the highest total since the survey was started in 1983, according to an Education Ministry report released Monday.
JAPAN
Dec 22, 1997

Banks' nonperforming loans hit 28 trillion yen

The total amount of nonperforming loans held by the nation's banks as of the end of September came to 28.08 trillion yen, a 178 billion yen increase over the figure reported at the end of March, the Finance Ministry said Monday.
JAPAN
Dec 19, 1997

Rightist breaks down Nomura's door

A suspected rightist stormed into the headquarters of Nomura Securities Co. in Chuo Ward, Tokyo, Friday morning, breaking the glass front door with a metal bat.
JAPAN
Dec 19, 1997

Entrepreneur says a business can be ecological, profitable

Staff writer
JAPAN
Dec 19, 1997

Failed trading firm's creditors bracing for losses

The impact of the failure of Toshoku Ltd. has begun to ripple through a number of banks and other firms who either deal with or hold shares in the medium-size trading company.
JAPAN
Dec 19, 1997

92 billion yen lopped off defense program

The government said Friday it will cut spending for its five-year defense program by 92 billion yen to conform to its ongoing financial structural reform, the Defense Agency said.
JAPAN
Dec 19, 1997

Shares and yen tumble as credit crunch worsens

Share prices and the yen came under severe selling pressure Friday in Tokyo amid reports that a credit crunch has forced a major food trader out of business.
JAPAN
Dec 19, 1997

Insurance exec says solvency margins must be disclosed

Life insurance firms will have to disclose their solvency margins under a new policyholders' protection system being formed by the Finance Ministry, the chairman of the Life Insurance Association of Japan said Friday.
JAPAN
Dec 19, 1997

Harlequin Air launches first flight

Harlequin Air, a new airline affiliated with Japan Air System, started services Friday with a chartered flight from Fukuoka to Brisbane, Australia.
Japan and U.S. reach tariff deal with ‘reciprocal’ rate at 15%
U.S. President Donald Trump announced a trade deal with Japan on Tuesday, saying the agreement would create "hundreds of thousands of jobs."
Ishiba denies reports he will resign next month, leaving his fate unclear
Prime Minister Shigeru Ishiba looks on after meeting with the Liberal Democratic Party executives at the party's headquarters in Tokyo on Wednesday.
Japan and U.S. both claim win in surprise 11th-hour tariff deal
U.S. Treasury Secretary Scott Bessent and Ryosei Akazawa, Japan chief tariff negotiator, in Tokyo
The rise of AI companionship in a lonely Japan
In 2020, 38% of all households were single-person. That figure is projected to rise to 44.3% by 2050.
Rice grain-sized earphone may have been used to cheat on TOEIC English test
A pendant-shaped relay device suspected to have been used to cheat on the TOEIC English proficiency test, in Tokyo's Chiyoda Ward on Tuesday
Japan leans into homegrown AI amid rising competition
McKinsey’s 2025 Technology Trends Outlook, published Wednesday, says that the use of “sovereign AI” is a trend gaining significant global traction, including in Japan.
Induction of Ichiro has Cooperstown fretfully preparing
Ichiro Suzuki will soon become the first Japanese player to be enshrined in the National Baseball Hall of Fame and Museum.
JT picks: What not to miss at Fuji Rock 2025
Fuji Rock Festival turns the green slopes of Niigata Prefecture’s Naeba Ski Resort into a summer escape that offers soundtracks for every mood.
Japan’s top brands get tied up in the great sunscreen debate
A coral reef in Okinawa in July 2022. Some jurisdictions around the world have moved to ban certain sunscreens in a bid to protect coral reefs, but some say the impact on reefs is far from clear.
Pentagon looks to unleash ‘military drone dominance’
U.S. Secretary of Defense Pete Hegseth hosts a drone demonstration at the Pentagon in Arlington, Virginia, on July 10.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

In 2020, 38% of all households were single-person. That figure is projected to rise to 44.3% by 2050.
The rise of AI companionship in a lonely Japan
By Alex K.T. Martin

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