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May 26, 2025
 

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JAPAN
Jan 28, 1997

Keidanren urges simpler merger, acquisition rules

The procedures for corporate mergers and acquisitions should be simplified so companies can keep up with rapid changes in the global environment by reorganizing their corporate structure, according to an economic advisory group.In its report released Jan. 28, the Japan Federation of Economic Organizations...
JAPAN
Jan 28, 1997

High court awards illegal worker lost pay

In a landmark decision, the Supreme Court on Jan. 28 awarded a foreigner 2.2 million yen in income it estimated he lost due to an injury sustained while working illegally in Japan. It was the first ruling by the top court concerning a claim for income lost by an illegally employed foreigner.Based on...
JAPAN
Jan 28, 1997

NCR to give employees stock option

NCR Japan Ltd., a subsidiary of U.S.-based NCR Corp., announced Jan. 28 that it will introduce a "stock option" incentive program for its employees, becoming the first Japanese listed firm to offer such a program.The company's 3,200 workers will be given the right to purchase 90 shares of its parent...
JAPAN
Jan 28, 1997

Panel eyes Diet approval for BOJ board members

A study panel drafting revisions to the Bank of Japan Law basically agreed Jan. 28 that appointment of central bank policy board members should be approved by the Diet.A majority of the panel's members said the three board members representing the BOJ -- including its governor and deputy governor --...
JAPAN
Jan 28, 1997

Tokyoites discuss possible capital move

The Tokyo Metropolitan Government held a conference with Tokyo residents and workers Jan. 27 to discuss relocating the capital outside the city.The Tokyo government restated the opinion of some that the issue should be considered very carefully and that reform and decentralization of central government...
JAPAN
Jan 28, 1997

Energy-environment turf war flares

Japan, the only industrialized nation without an environmental assessment law, is finally moving toward creating one, but an ongoing tug of war between the Environment Agency and the Ministry of International Trade and Industry is casting a shadow over such prospects.The dispute centers on whether power...
JAPAN
Jan 28, 1997

Sanyo to boost investment in solar battery business

Sanyo Electric Co. will invest 2.5 billion yen in its solar power battery operations in fiscal 1997 and another 10 billion yen in the following three years, Sanyo President Yasuaki Takano said Jan. 28. Takano said the strategy will make Sanyo a leader in the field in Japan by 2000.Takano predicted that...
JAPAN
Jan 27, 1997

Kajiyama elaborates on sex-slave comments

Chief Cabinet Secretary Seiroku Kajiyama apologized Jan. 27 to the South Korean people for his remarks concerning the "comfort women" that overshadowed the weekend Japan-Korea summit. Comfort women is the term Japan euphemistically used to refer to its wartime sex slaves.But he then repeated his earlier...
JAPAN
Jan 27, 1997

Hashimoto wants big extra budget

Despite calls by opposition parties to curb extra state spending, Prime Minister Ryutaro Hashimoto on Jan. 27 emphasized the need to implement a proposed 2.666 trillion yen supplementary budget for fiscal 1996.Hashimoto made the remarks in the Diet after Hajime Ishii of Shinshinto, the largest opposition...
JAPAN
Jan 27, 1997

Firms continue clinging to report days

Many companies plan to announce their financial results on the same day this year, despite various efforts to reduce excessive concentration of such presentations, a Tokyo Stock Exchange survey revealed.As many as 304 companies surveyed last month said they plan to announce their fiscal 1995 results...
JAPAN
Jan 27, 1997

Fraud probe nets arrest of Tomobe's wife, son

Police on Jan. 27 arrested five officials belonging to a mutual aid society affiliated with Upper House member Tatsuo Tomobe, 68, on suspicion of massive fraud.The five arrested include Tomobe's wife, Mikiko, 61, who is the head Orange Kyosai Kumiai, and his son, Momoo, its 29-year-old managing director,...
JAPAN
Jan 27, 1997

Domestic auto production sees 1.5% increase in '96

Domestic vehicle production in 1996 rose 1.5 percent from the previous year to total 10.34 million units, posting a year-on-year increase for the first time since 1990, the Japan Automobile Manufacturers Association reported Jan. 27.The increase in output is largely attributable to a recovery in domestic...
JAPAN
Jan 27, 1997

NEC tries to knock out makers of Internet TVs

In an effort to grab a share of the household appliances market, NEC Corp., Japan's top personal computer maker, on Jan. 27 introduced a new PC that can be used as a wide-screen television, a digital video disc player and a game machine.Cereb, priced at 698,000 yen, comes with a 28-inch monitor, a broadcast...
JAPAN
Jan 27, 1997

Public works budget up for review

The government's top spokesman on Jan. 27 hinted at the possibility of reviewing a plan to spend 630 trillion yen on public works projects between fiscal 1995 and 2004."As the government is now working to reconstruct the nation's fiscal situation, the government may need to delay (the implementation...
JAPAN
Jan 27, 1997

Turkish most jealous, Canadians least, Harlequin says

Turkish people are the most jealous when it comes to love, followed by the Spanish and Portuguese, according to a global annual survey of 20 countries released Jan. 27 by the romance novel publishing company Harlequin K.K.Ranked least jealous were Canadians, while Japanese came in 15th, the Japanese...
JAPAN
Jan 24, 1997

Yen to stop falling: Kajiyama

The government's top spokesman tried to talk down the dollar's exchange rate Jan. 24 by saying he is "convinced" that the yen will go no lower than 120 to the dollar."There has been a shared view within both political and economic circles that the (appropriate) yen-dollar range is around 110 yen, and...
JAPAN
Jan 24, 1997

SDP to go along with extra budget

The Social Democratic Party agreed Jan. 24 to support a 2.666 trillion yen supplementary budget for fiscal 1996, enabling Prime Minister Ryutaro Hashimoto's minority government to quell an immediate crisis.The supplementary budget has been pushed by the ruling Liberal Democratic Party. The SDP consent...
JAPAN
Jan 24, 1997

JAL flying oil-cleanup volunteers for free

In a move to support activities to remove oil leaked from a wrecked Russian tanker that sank in the Sea of Japan from coastal areas, Japan Airlines will provide free air tickets to volunteers who fly between Tokyo's Haneda airport and Komatsu airport in Ishikawa Prefecture, officials at the carrier...
JAPAN
Jan 24, 1997

Debt will grow without reforms, Finance Ministry warns

The outstanding balance of government bonds will reach 67.7 percent of gross domestic product in fiscal 2005 if the government fails to carry out structural reforms and continues to issue bonds to make up for all revenue shortfalls, the Finance Ministry warned Jan. 24.In its midterm fiscal outlook submitted...
JAPAN
Jan 24, 1997

Kim-Hashimoto talks to focus on the future

South Korean President Kim Young Sam is to arrive in Japan Jan. 25 for talks with Prime Minister Ryutaro Hashimoto, and officials are hoping the discussions will focus on the future rather than the bitter disputes over World War II-related issues.Foreign Ministry officials expect they will focus on...
JAPAN
Jan 24, 1997

LDP member hits sex-slave entries in texts

An Upper House member of the ruling Liberal Democratic Party raised doubts Jan. 24 about the government's decision to authorize junior high school textbooks that include descriptions of military "comfort women."During an interpellation to Prime Minister Ryutaro Hashimoto, lawmaker Kiyoko Ono said teaching...
JAPAN
Jan 24, 1997

Scrap sex slave aid plan, groups say

The government and the Asian Women's Fund should scrap an aid project for former sex slaves, citizens' groups supporting efforts to win redress for foreign war victims demanded Jan. 24.The Campaign to Realize Redress for WWII Victims in Asia and Pacific issued a protest statement over the government-sponsored...
JAPAN
Jan 24, 1997

Tax Commission solicits public opinion on reform

In an unusual move, the government's Tax Commission on Jan. 24 submitted a report asking the public for its opinion on the best taxation system for the nation.Rather than simply providing its own analysis, the commission wants to get people to voice opinions on its report through mail, fax and e-mail,...
JAPAN
Jan 24, 1997

Sony Corp. considering big investment in JSkyB

Sony Corp. is considering entering the digital satellite broadcasting business through investing in Japan Sky Broadcasting Co., which was founded by media tycoon Rupert Murdoch and Japanese businessman Masayoshi Son, Sony officials said Jan. 24.Sony last month began negotiating to become a major investor...
JAPAN
Jan 23, 1997

Trade surplus posts 32.4% decline for 1996

The nation's customs-cleared trade surplus for 1996 fell 32.4 percent from the previous year to 6.744 trillion yen, marking the fourth straight year of decline, the Finance Ministry said Jan. 23.Preliminary reports showed that exports rose 7.7 percent to 44.734 trillion yen, but imports grew more sharply,...
JAPAN
Jan 23, 1997

Tokyo pares '97 budget by 3.1%

The Tokyo Metropolitan Government unveiled Jan. 23 a budget draft of 6.66 trillion yen for the next fiscal year that features a 210 billion yen cut -- the largest ever -- from the previous year. The 210 billion yen represents 3.1 percent of last year's budget.The metropolitan government has been in...
JAPAN
Jan 23, 1997

Hashimoto is assailed over policies on Asia

A leading member of an Upper House opposition force lashed out at Prime Minister Ryutaro Hashimoto on Jan. 23 over his policy toward South Korea and China.Takushi Hirai, chairman of Heiseikai, the largest opposition force in the chamber, which mainly consists of Shinshinto and Komei members, charged...
JAPAN
Jan 23, 1997

Foreign scholarships up for grabs

United World Colleges, an international nongovernmental organization of colleges, is now accepting applications for this year's scholarships.The organization was established to raise young people's awareness of other cultures by inviting students from throughout the world to study in a two-year preuniversity...
JAPAN
Jan 23, 1997

JRA jockeys cough up 220 million yen

A number of popular Japan Racing Association jockeys, including Norihiro Yokoyama, 28, have revised their income tax returns and paid a total of 220 million yen in back taxes for the three years up to 1995, tax authority sources said Jan. 23.The back taxes are a result of taxation authorities' new policy...
JAPAN
Jan 23, 1997

Weather continues to plague oil cleanup

A 20-meter section of a temporary road built to haul heavy oil extracted from the bow of the Russian tanker Nakhodka off Mikuni, Fukui Prefecture, was found Jan. 23 to have washed away.The destruction came one day after about 15 meters of the temporary road crumbled during heavy storms. The road had...
Travelers avoid trips to Japan over viral comic book’s quake prediction
Visitors walk along Nakamise-dori as they visit Sensoji temple in Tokyo's Asakusa district in March.
How China’s soft power is rewriting Asian culture
Mixue, a Chinese bubble tea chain, has become the world’s largest food and beverage chain, with tens of thousands of stores all over Asia. The company is just one example of the increasing reach and popularity of Chinese cultural exports across the globe.
Trump announces Nippon Steel-U.S. Steel ‘partnership’ deal
U.S. President Donald Trump points as he boards Air Force One en route to New Jersey, at Joint Base Andrews, Maryland, on Friday.
In search of untouched Japan? Meet Hokkaido’s newest hiking trail.
The Hokkaido East Trail links some of the northern prefecture's most striking national parks and landscapes.
Onosato set for yokozuna promotion after clinching Emperor’s Cup
Onosato after defeating Kotozakura at Ryogoku Kokugikan in Tokyo on Friday. The win gave him a 13-0 record and clinched the Emperor's Cup, assuring him of promotion to yokozuna next week.
Manga translators walk a fine line between meaning and mayhem
Not only is the drawing of each frame an important part of the manga-making process, translation has increasingly demanded more attention as the art form gains popularity overseas.
AI fiction is already here. Are humans ready?
After last year’s controversy over using AI to write about 5% of her novel, Rie Qudan was asked by an advertising magazine to write a short story where she uses AI for 95% of it. The resulting short story, “Kage no ame” (“Rain Shadow”), was published March 25.  
Six short films that capture our world in mere minutes
“Marion” provides a glimpse into the lives of bull dodgers, who perform a nonlethal version of bullfighting.
As Taiwan looks to boost ‘unofficial ties,’ Paraguay’s leader offers facilitator role
Paraguayan President Santiago Pena speaks during an interview with The Japan Times in Tokyo on Thursday.
GCAP next-gen fighter joint venture likely to be running by this summer
A concept model of the Global Combat Air Program's fighter jet is displayed during the DSEI Japan defense exhibition in the city of Chiba on Wednesday.

Podcast

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

Longform

A sinkhole in Yashio, which emerged in January, was triggered by a ruptured, aging sewer pipe. Authorities worry that similar sections of infrastructure across the country are also at risk of corrosion.
That sinking feeling: Japan’s aging sewers are an infrastructure time bomb
By Alex K.T. Martin

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