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JAPAN
Dec 9, 1997

Mitsuzuka supports proposed 10 trillion yen bond issue

Finance Minister Hiroshi Mitsuzuka indicated support Tuesday for a proposal to issue a new type of government bond to the tune of 10 trillion yen to support financial institutions and put some life back into the economy.
JAPAN
Dec 9, 1997

Yamaichi chief gives Diet testimony on 'tobashi' trades

Ten corporate customers were involved in Yamaichi Securities Co.'s dubious "tobashi" dealings to hide losses that eventually led to the collapse of the brokerage, Tsugio Yukihira, chairman of the failed firm until last August, said Tuesday in unsworn testimony in the Diet.
JAPAN
Dec 9, 1997

Toyota selects France for home of second European plant

Toyota Motor Corp. on Tuesday announced its decision to build a new car plant in the northern French city of Valenciennes.
JAPAN
Dec 9, 1997

Nonperforming assets led Takushoku's downfall

The massive nonperforming assets amassed by Hokkaido Takushoku Bank were the main factor behind both its deteriorating performance and the failure of its planned merger with Hokkaido Bank, former Takushoku President Sadamasa Kawatani told the Diet on Tuesday.
JAPAN
Dec 5, 1997

Japan offers cheap loans to ASEAN

Staff writer
JAPAN
Dec 5, 1997

Education white paper calls for creative R&D

The level of Japan's science and technology research has steadily improved in recent years to equal that of Western industrialized nations, and now creative research and development must be promoted to keep up the progress, the Education Ministry said Friday in its 1997 white paper on education.
JAPAN
Dec 5, 1997

Finance panel wants rescue body for insurance policies

A new body is needed to protect policyholders trapped at failed insurers by either taking over all the failed firm's policies itself or providing financial assistance to an insurer that offers to do so, a report released by a Finance Ministry study group suggested Friday.
JAPAN
Dec 5, 1997

Ban lifted on financial holding companies

The Diet on Friday passed two bills that remove a five-decade ban on the use of financial holding companies.
JAPAN
Dec 5, 1997

Hashimoto plan backs review of public works projects

Prime Minister Ryutaro Hashimoto introduced plans Friday for a new system of review for public works projects designed to reduce government spending and suspend or terminate projects that no longer meet public needs, government officials said.
JAPAN
Dec 5, 1997

Defense Agency seeks more worthy English title

Even though the Defense Agency failed to win ministerial status under Prime Minister Ryutaro Hashimoto's new administrative reform plan, agency chief Fumio Kyuma says his agency at least deserves a more worthy English title to allow him to save face when meeting foreign counterparts.
JAPAN
Dec 5, 1997

Insurance firms urge public fund use for contingencies

The nation's life and nonlife insurers stressed on Friday the need to use public funds in some way when insurance firms collapse because the burden would be too great for the industry to bear alone.
JAPAN
Dec 5, 1997

Battered Seoul opens doors to Japanese goods

Staff writer
JAPAN
Dec 5, 1997

Mitsuzuka hints at reining in yen

Finance Minister Hiroshi Mitsuzuka said Friday that authorities are prepared to act given the continued depreciation of the yen against the dollar on foreign exchange markets.
JAPAN
Dec 4, 1997

Yamaichi to continue paying employees

Yamaichi Securities Co. will pay wages and retirement money to its employees in accordance with their labor contracts, an executive of the failed brokerage asserted Thursday.
JAPAN
Dec 4, 1997

Son admits killing dad after taking exam

OSAKA -- A 14-year-old boy has been arrested in the fatal stabbing of his father, who was found bleeding from a knife wound to the neck in their home in Takaishi, Osaka Prefecture, police said.
JAPAN
Dec 4, 1997

IMF chief says action will help regain market trust

Decisive measures, including the use of public funds to protect depositors, are necessary if Japan wants to restore confidence in its financial sector at home and abroad, the managing director of the International Monetary Fund said Thursday.
JAPAN
Dec 4, 1997

The Asahara Trial: Cultist recounts Sakamoto slayings

Defense lawyers for Aum Shinrikyo founder Shoko Asahara cross-examined a senior cult figure Thursday who stands accused of taking part in the 1989 murders of an anti-Aum lawyer and his family.
JAPAN
Dec 4, 1997

Mitsubishi Motors chief intent on turnaround

A healthy and cheerful president free of worries is just what Mitsubishi Motors Corp. needs since being racked by legal troubles ranging from sexual harassment to "sokaiya" payoffs.
JAPAN
Dec 4, 1997

Girls increasingly targets of assault, molestation

An increasing number of schoolgirls have been the target of sexual assault in recent months, the National Police Agency said Thursday, noting an 18.4 percent rise in the first 10 months of the year in the number of children overall who were victims of heinous crimes.
JAPAN
Dec 4, 1997

Newly aligned government faces five-year delay

The new administrative system may not be launched for another five years, Prime Minister Ryutaro Hashimoto indicated Thursday.
JAPAN
Dec 4, 1997

Banks asked to hasten restructuring

The ruling Liberal Democratic Party said Thursday that the banking community, to regain public trust, must step up efforts to restructure and cut costs through such means as pay cuts.
JAPAN
Dec 4, 1997

JR again approached about JNR debt

Vice Transport Minister Masahiko Kurono on Thursday urged the JR group firms to reverse their stand and bear an additional burden in a scheme to repay 27.8 trillion yen in debt left by the former Japanese National Railways.
JAPAN
Dec 4, 1997

The Asahara Trial: Doctor testifies on gassing victim

A doctor who treated a woman seriously injured in the March 1995 nerve gas attack on the Tokyo subway system testified in court Thursday that the patient still suffers a speaking disorder and cannot eat without help.
JAPAN
Dec 3, 1997

Top banker praises public funds plan

The leader of the nation's top banking association welcomed on Tuesday the government's intention to use public funds for future financial crises, describing the plan as a "safety valve" for contingencies that fall beyond the capacity of the existing system tasked with dealing with such problems.
JAPAN
Dec 3, 1997

Hashimoto to propose ASEAN round table

Staff writer
JAPAN
Dec 3, 1997

Upper House panel approves nursing-care insurance bill

The Upper House Committee on Health and Welfare on Tuesday approved a government-proposed bill to create a public nursing-care insurance system for Japan's ailing elderly population, after introducing a revision concerning care services.
JAPAN
Dec 3, 1997

LDP fights proposal to keep Defense Agency as is

Prime Minister Ryutaro Hashimoto on Tuesday failed to win the support of the ruling Liberal Democratic Party for his proposal to not upgrade the Defense Agency to a ministry, LDP officials said.
JAPAN
Dec 3, 1997

Some hope dreamland will arise from returned base sites

GINOWAN, Okinawa Pref. -- On some 480 hectares of land in the heart of this subtropical island prefecture, a futuristic urban center, touted as an Asian hub for international exchanges, has been envisioned.
JAPAN
Dec 3, 1997

JR firms refuse to shoulder larger part of debts

The presidents of seven Japan Railway group companies turned down a Transport Ministry request Tuesday to bear a larger share of the pension costs for former Japanese National Railways employees.
JAPAN
Dec 3, 1997

Yamaichi collapse didn't faze 'sokaiya'

Ryuichi Koike, who on Tuesday went on trial for allegedly extorting huge sums from five of Japan's biggest financial institutions, showed no emotion when he heard about the recent collapse of Yamaichi Securities Co., according to sources.
Japan eyes tougher rules for foreign residents and tax hike for tourists
A tax-free shop in Kyoto in April 2024. Last week, members of a Liberal Democratic Party study group drafted a proposal seeking to scrap the country's tax-free shopping system altogether.
From ridicule to redemption: Rice crisis returns Koizumi to the spotlight
Agriculture minister Shinjiro Koizumi speaks to the media as he inspects a warehouse storing stockpiled rice in Kanagawa Prefecture on May 30.
Hakuho’s departure highlights worrying sumo trend
Former <i>yokozuna</i> Hakuho performs a ring-entering ceremony at the Ryogoku Kokugikan in Tokyo in February 2020.
Trump and Musk trade barbs on social media as alliance crumbles
The trouble between U.S. President Donald Trump and Elon Musk started brewing days ago, when Musk denounced Trump's sweeping tax-cut and spending bill.
How Japan's youth are slowly changing the country's work ethic
After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
New Naoshima museum bets on Asia, not the West
Detail of Takashi Murakami, “Rakuchu-Rakugai-zu Byobu: Iwasa Matabei RIP” (2023-25)
Japan’s prison reform focuses on rehabilitation
Justice Minister Keisuke Suzuki speaks to reporters in Tokyo on Friday. Suzuki said preparations for the changes that will focus more on rehabilitation are being actively made at each correctional facility.
Six months into 2025, J-pop is having a full-on identity crisis (and a great time)
The year so far is only proving that Mrs. Green Apple is the biggest band in Japan. Their success also seems to be hinting at a change in the musical landscape more broadly.
Nintendo’s Switch 2 console is finally here
The Switch 2 is Nintendo's first new gaming console in eight years.
Hakuho’s departure highlights worrying sumo trend
Former <i>yokozuna</i> Hakuho performs a ring-entering ceremony at the Ryogoku Kokugikan in Tokyo in February 2020.

Podcast

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

Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic
By Alex K.T. Martin

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