Search - special

 
 
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 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
Nov 24, 1997

Yamaichi Securities decides to shut down

Yamaichi Securities Co. formally decided Monday to close down voluntarily amid a financial crisis linked to flagging stock prices, fallen credibility from payoff scandals and recently discovered losses from illegal "tobashi" trading activities.
JAPAN
Nov 21, 1997

Okinawa development steps unveiled

Staff writer
JAPAN
Nov 20, 1997

Use of public funds considered for clearing up loan mess

Prime Minister Ryutaro Hashimoto instructed the Liberal Democratic Party on Thursday to consider using public funds to clear up the nation's bad loan mess, a proposal welcomed by a rally on the Tokyo Stock Exchange.
JAPAN
Nov 19, 1997

Public funds ruled out for finance bailouts

The government does not intend at this time to consider a new framework for using public funds to help prop up the financial sector, Finance Minister Hiroshi Mitsuzuka said Wednesday.
JAPAN
Nov 19, 1997

Store gets the jump on suits for new staff

Seibu Department Store set aside a special section in its store in Tokyo's Ikebukuro district on Wednesday for the suits that will be needed by job-hunting students.
JAPAN
Nov 17, 1997

Hokkaido Takushoku folds; BOJ sends emergency loans

Marking the biggest collapse in the nation's financial industry, ailing Hokkaido Takushoku Bank announced Monday its de facto failure by saying it will transfer its operations to Hokkaido-based North Pacific Bank and other financial institutions.
JAPAN
Nov 17, 1997

Make defense-related agency a bureau: reform panel

A blue-ribbon government panel on administrative reform agreed Monday to turn the Defense Facilities Administration Agency into a bureau within a relevant government body.
JAPAN
Nov 17, 1997

Nikkei surges 1,200 points as players speculate on Takushoku

Tokyo stock prices rallied Monday amid news of the Hokkaido Takushoku Bank failure, as investors shopped for bargains, aided by growing expectations that public funds will be used to help dispose of a huge amount of bad loans.
JAPAN
Nov 14, 1997

Iraq urged to comply with U.N. resolution

Iraq should adhere to a United Nations resolution and end the ongoing crisis over its refusal to allow international arms inspectors to continue their duties, the Foreign Ministry told a senior Iraqi diplomat Friday in Tokyo.
JAPAN
Nov 11, 1997

KDD considering merger with Teleway

KDD, the nation's leading international telecommunications carrier, said Tuesday it is moving toward a merger with Teleway Corp., a firm affiliated with Toyota Motor Corp. that handles domestic long-distance services.
JAPAN
Nov 10, 1997

Easing of land-use laws eyed as latest panacea

Prime Minister Ryutaro Hashimoto outlined plans Monday to spur land use and housing construction through easing building-to-land ratios in urban areas and other means as a way to bolster the weakening economy.
JAPAN
Nov 7, 1997

Ota hints heliport plan may get backing

Okinawa Gov. Masahide Ota hinted Friday that he may approve a national government plan to construct a sea-based heliport off Nago.
JAPAN
Nov 6, 1997

Amway gets 500 complaints a year

The head of a consumer rights organization told a Diet committee Thursday that his group has received about 500 complaints each year since 1992 over the operations of Amway Japan Ltd., a member-based distribution company that makes sales but has no stores.
JAPAN
Nov 5, 1997

Ministry wants tax breaks cut, tax rates lowered

The Finance Ministry recommended Wednesday that tax breaks firms receive on five reserve funds be abolished or reduced so their taxable income base can be expanded and overall corporate tax rates reduced beginning in fiscal 1998.
JAPAN
Nov 4, 1997

Worsening economy sparks dissent within LDP

A number of lawmakers on the Liberal Democratic Party's Executive Council on Tuesday voiced concern over a bill that would designate specific reduction targets in key budget areas, arguing the bill would make it impossible for the government to stimulate the economy via spending measures.
JAPAN
Oct 31, 1997

Tokyo pressuring states before COP3

Japan will take every diplomatic opportunity to narrow differences over greenhouse gas emissions targets to ensure the upcoming COP3 international global warming conference in Kyoto does not fail, Chief Cabinet Secretary Kanezo Muraoka said Friday.
JAPAN
Oct 27, 1997

Improved consumption key to recovery, BOJ says

Improved consumption key to recovery, BOJ says> Economic growth has been slowing since April and business sentiment has weakened, but there are no signs of a sharp decline in corporate profits, employment and income conditions, the Bank of Japan said Oct. 27.
JAPAN
Oct 22, 1997

U.S. requests investigation of glass distribution system

The United States called on the Japanese trade watchdog on Oct. 22 to investigate the glass distribution system, which Washington claims is manipulated by three major Japanese firms and limits foreign access.Japan's Fair Trade Commission took note of the request but remained noncommittal on whether...
JAPAN
Oct 20, 1997

Hashimoto hints at ditching reform proposals

Prime Minister Ryutaro Hashimoto indicated Oct. 20 that to accommodate demands from the Liberal Democratic Party, he may sacrifice some of the streamlining proposals suggested in an interim report drafted last month by a blue-ribbon government panel, which he heads.During the first meeting of a House...
JAPAN
Oct 17, 1997

Hashimoto pushes economic reform rather than tax cuts

Prime Minister Ryutaro Hashimoto indicated Oct. 17 his opposition to the use of deficit-covering bonds to finance any special income tax cuts for propping up the economy, stressing that increased efforts to change the nation's economic structure are more important in the longer term.Responding to questions...
JAPAN
Oct 16, 1997

LDP stimulus plan drops tax incentives

The ruling Liberal Democratic Party's economic stimulus package due out next week is unlikely to include tax incentives worth around 300 billion yen, party sources said Oct. 16.LDP officials said the package, originally to be released on Oct. 20, would be made public Oct. 21. In effect, the pump-priming...
JAPAN
Oct 15, 1997

Small, medium-size firms urge prompt cuts in taxes

Small and medium-size enterprises urged the government Oct. 15 to promptly reduce corporate and income taxes to stimulate the economy.The request was made during a meeting between Mitsuo Horiuchi, the minister of international trade and industry, and representatives for four organizations of small and...
JAPAN
Oct 14, 1997

Bad-loan troubles force Kyoto bank to liquidate

OSAKA -- Kyoto Kyoei Bank said Oct. 14 that it will begin liquidation procedures and transfer its operations to Osaka-based Kofuku Bank by next Oct. 1, after using funds from the Deposit Insurance Corp. to get rid of its nonperforming assets.Kofuku, another second-tier regional bank with bad loans of...
JAPAN
Oct 14, 1997

China to get $1 million to save relics from dam

Staff writerJapan will provide up to $1 million in financial aid to China to conserve and restore innumerous cultural relics that will be submerged by the controversial Three Gorges dam project, government sources said Oct. 14.The assistance will be funneled to Beijing through a special cultural assets-preservation...
JAPAN
Oct 8, 1997

SDP, Sakigake tell Hashimoto to rescind emissions proposal

The Social Democratic Party and New Party Sakigake jointly demanded Oct. 8 that Prime Minister Ryutaro Hashimoto withdraw Japan's proposal to reduce greenhouse gas emissions by up to 5 percent from 1990 levels.The two parties, saying they were not consulted on the proposal until it was announced Oct....
JAPAN
Oct 7, 1997

LDP quest to boost economy faces skeptics, tax cut calls

As a council in the ruling Liberal Democratic Party considers an economic package without new fiscal spending, key party members are voicing doubts about such measures.At a regularly scheduled meeting of the party's key members Oct. 7, many called for introducing such measures as special income tax...
JAPAN
Oct 6, 1997

Minnesota college living out bubble's burst in Akita

YUWA, Akita Pref. -- When the economic bubble burst in the late 1980s, more than 40 American-style colleges that peppered Japan's educational landscape went under, now leaving only four, one with an ambitious foothold in Akita.Among the universities possessing a campus, Minnesota State University --...
JAPAN
Oct 3, 1997

Think tanks project growth of less than 1%

Six private think tanks and one bank have lowered their projections of real economic growth for the current fiscal year, most of them to less than 1 percent.Forecasts by the institutions range from 1.1 percent to minus 0.5 percent growth in fiscal 1997, which ends in March. The pessimism reflects prolonged...

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami