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JAPAN
Dec 15, 1997

OECD lowers 1998 growth forecast for Japan

The Organization for Economic Cooperation and Development on Monday revised downward its forecast for Japan's economic growth in 1998 by 1.2 percentage points to 1.7 percent, partly because of the worsening problems in the financial sector, the organization said.
JAPAN
Dec 12, 1997

Transport leans heavily on JR in battle over debt

The Transport Ministry will prepare a legal revision aimed at forcing Japan Railway group firms to bear an additional burden of the 27.8 trillion yen in debt left behind by the privatization of the former Japanese National Railways, Transport Minister Takao Fujii said Friday.
JAPAN
Dec 12, 1997

Bond issue sinks government's fiscal reform plan

The government plans to issue nearly 6.8 trillion yen in deficit-covering bonds in fiscal 1998 to finance a package of tax cuts aimed at boosting the economy and stabilizing the financial system, according to Finance Ministry sources. The bond flotation is nearly 750 billion yen smaller than that for...
JAPAN
Dec 12, 1997

Turmoil-filled Diet session concludes

Staff writer
JAPAN
Dec 12, 1997

Renewed Japanese leadership needed for Seoul's economy

Staff writer
JAPAN
Dec 12, 1997

Diet gets tough on port disputes

The Diet passed a bill on Friday to enable the government to quickly take retaliatory action against discriminatory measures imposed on Japanese maritime carriers by foreign countries.
JAPAN
Dec 12, 1997

Diet passes revision to Deposit Insurance Law

A government-sponsored bill to revise the Deposit Insurance Law was enacted Friday when the Upper House passed it on the final day of the 141st extraordinary Diet session.
JAPAN
Dec 12, 1997

Japan loans Vietnam 97.5 billion yen

Japan pledged 97.5 billion yen in aid to Vietnam on Friday to support Hanoi's economic reforms, Foreign Ministry officials said.
JAPAN
Dec 12, 1997

Prius environmental car chalks up 2,000 orders in one day

Toyota Motor Corp. has received as of Wednesday about 2,000 orders for its newly developed Prius, the world's first mass produced hybrid car, the company announced Friday.
JAPAN
Dec 12, 1997

BOJ to continue supplying market with funds

The Bank of Japan is determined to continue supplying funds to markets toward the end of the year to bring short-term interest rates to an appropriate level, BOJ Gov. Yasuo Matsushita said Friday.
JAPAN
Dec 12, 1997

Ozawa fails to bring Komei membership into Shinshinto fold

Shinshinto President Ichiro Ozawa finally abandoned efforts Friday to persuade Komei leader Tomio Fujii to drop the party's plan to field its own proportional representation candidates in next summer's Upper House election.
JAPAN
Dec 12, 1997

Diet lists some of Yamaichi's 'tobashi' clients

The Diet on Friday named seven corporate customers of Yamaichi Securities Co. that were involved in dubious "tobashi" dealings that led to the 100-year-old brokerage's failure last month.
JAPAN
Dec 11, 1997

Japan ripe for opening to foreign investment, Foley says

The time is right for Japan to implement policy changes to eliminate barriers to foreign investment and encourage more cross-border mergers and acquisitions, U.S. Ambassador Thomas Foley said Thursday in Tokyo.
JAPAN
Dec 11, 1997

Dashed merger plan likely to delay Shinshinto election

Shinshinto, the largest opposition party, may postpone its scheduled Dec. 18 election to select a new party leader as negotiations with the Komei group remain stalled over Komei's decision to cancel its earlier plan to merge with Shinshinto, party sources said Thursday.
JAPAN
Dec 11, 1997

Performance-based wage plan shown to Labor minister

An advisory panel on Thursday presented Labor Minister Bunmei Ibuki with a final report calling for the introduction of a system under which wages are determined in accordance with work achievements rather than working hours.
JAPAN
Dec 11, 1997

Cabinet withstands no-confidence motion

Claiming that Prime Minister Ryutaro Hashimoto is incapable of running the government, Shinshinto introduced a no-confidence motion Thursday to the Diet.
JAPAN
Dec 11, 1997

Plan for new government bond issue wins tentative approval

A Liberal Democratic Party task force expressed its support Thursday for the principles of a plan to set up a 10 trillion yen fund through bond issues to help protect depositors.
JAPAN
Dec 11, 1997

Sakura Bank exec, realtor imprisoned for fraud

The Tokyo District Court on Thursday sentenced a deputy manager of the Sakura Bank branch in Tsunashima, Yokohama, to seven years in prison for defrauding clients out of about 1.85 billion yen by fabricating lucrative investment programs.
JAPAN
Dec 11, 1997

Nine companies get licenses for taxi services in Tokyo

Nine companies received licenses Thursday from the Transport Ministry to start taxi service in the Tokyo area, the first such permission granted in more than three decades.
JAPAN
Dec 10, 1997

Opposition parties ready no-confidence motion

As confusion lingers in the Diet over procedures for revising the Deposit Insurance Law, the opposition camp is poised to submit a no-confidence motion today against the Cabinet of Prime Minister Ryutaro Hashimoto.
JAPAN
Dec 10, 1997

Japan backs Vietnam's reform efforts

Japan will continue to support Vietnam's "doi moi" economic reform policy by boosting assistance in such areas as human resource development, Foreign Minister Keizo Obuchi told Nguyen Manh Cam, Vietnam's deputy prime minister and foreign minister, on Wednesday, according to ministry officials.
JAPAN
Dec 10, 1997

Chinese laborers lose suit over forced wartime labor

The Tokyo District Court dismissed on Wednesday a lawsuit filed by Chinese forced to work at a copper mine in Akita Prefecture during the last years of World War II.
JAPAN
Dec 10, 1997

Workers sue contractors for 'black lung' disease

A group of 72 former tunnel workers and family members of workers who have died joined about 180 others from two other groups Wednesday to demand a total of 2.3 billion yen in damages from their employers for a work-related lung disease.
JAPAN
Dec 10, 1997

Current account surplus expands 220.2%

The nation's current account surplus for October rose 220.2 percent from the same period in 1996 to 1.08 trillion yen, marking the seventh consecutive month of growth, provisional figures released Wednesday showed.
JAPAN
Dec 10, 1997

The Asahara Trial: Aum doctor breaks down on stand

Aum Shinrikyo's former chief doctor, Ikuo Hayashi, weeped bitterly Wednesday at the Tokyo District Court as he testified on the 1995 gas attack on the Tokyo subway system.
JAPAN
Dec 10, 1997

Outline of financial stability plan addresses DIC, liquidity

A Liberal Democratic Party subcommittee debating steps to stabilize the financial system basically agreed Wednesday on a broad outline that includes galvanizing Deposit Insurance Corp. and increasing the liquidity of financial institutions.
JAPAN
Dec 10, 1997

Most civil servants receive bigger bonus

Most civil servants received slightly more in their yearend bonuses this month. But the pay slips handed to Cabinet ministers and some others were unchanged from last year as administrative and fiscal reform began to take hold.
JAPAN
Dec 10, 1997

SESC says Nikko, Daiwa should be punished over 'sokaiya'

The Securities and Exchange Surveillance Commission recommended Wednesday to the finance minister that punitive action be taken against Nikko Securities Co. and Daiwa Securities Co. for compensating a "sokaiya" corporate extortionist for his stock losses.
JAPAN
Dec 9, 1997

Business and Labor team up on call for tax cuts

The government should swiftly implement drastic tax cuts to stimulate the nation's sluggish economy, leaders of the nation's big businesses and labor unions agreed Tuesday.
JAPAN
Dec 9, 1997

Shinshinto slates no-confidence motion against Cabinet

In response to the weakened state of the economy, the main opposition party Shinshinto decided Tuesday to introduce a no-confidence motion against the Cabinet of Prime Minister Ryutaro Hashimoto.
Japan ruling bloc loses majority in Upper House after election drubbing
Prime Minister Shigeru Ishiba, who serves concurrently as president of the Liberal Democratic Party, leaves at the party's headquarters following announcement of Upper House election result projections in Tokyo early Monday.
Polls open for key Upper House election that could shake Japanese politics
People vote during Japan's Upper House election at a polling station in Tokyo on Sunday.
Sunken WWII Japanese warship Teruzuki found off Solomon Islands
The Solomon Islands. A team from the U.S. nonprofit Ocean Exploration Trust has discovered the Imperial Japanese Navy destroyer Teruzuki on the deep seabed off the Solomon Islands as the 80th anniversary of the war's end approaches.
‘Japanese First’ Sanseito emerges as powerful force after Upper House poll
Sanseito leader Sohei Kamiya in Tokyo on Sunday night
Japan team finds ancient ocean full of squids
The ancient ocean was full of squids, whose population exceeded that of fish or ammonites, a Japanese research team mainly from Hokkaido University has found through a new method using technology.
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.
‘Noto Democracy’ and the slow work of civic change
Yukio Iokibe’s “Noto Democracy" centers on Motoyuki Takii, a former junior high school teacher who publishes a handwritten newspaper every month to encourage the residents of Anamizu, Ishikawa Prefecture, to engage in local politics.
In microbes we trust: Embracing the nature of fermented food
You don't need an oven to make Kenji Morimoto's easy and delicious Miso Sticky Toffee Crepe Cake.
Touring the Silk Road — without leaving Tokyo
One of the entrances to Pao Compound, a nine-story Silk Road-inspired complex in Tokyo's Higashinakano neighborhood

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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