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JAPAN
Sep 1, 1998

DPJ drafts JNR debt scheme

An opposition party's counterproposal to the government's plan to settle debts left behind by the defunct Japanese National Railways would garner funds through steps such as administrative streamlining, it was learned Tuesday.
JAPAN
Sep 1, 1998

No to independent liquidation panel, Miyazawa says

While upholding the government's readiness to compromise with the opposition, Finance Minister Kiichi Miyazawa refused to accept Tuesday the idea of setting up independent authorities to supervise the liquidation of failed financial institutions.
JAPAN
Sep 1, 1998

Screening panel admits bank rescue errors

Public money was injected into 21 banks in March although the government's screening panel did not know the banks' financial details, Yoko Sazanami, the panel's head, told the Diet on Tuesday.
JAPAN
Sep 1, 1998

LDP, opposition camp agree to negotiate finance bills

The ruling Liberal Democratic Party and the opposition camp agreed Tuesday to set up a forum to negotiate revisions of key financial stabilization bills. The forum is expected to start as early as Monday, LDP sources said.
JAPAN
Aug 31, 1998

LTCB chief recants Diet statements on bank's solvency

The president of the Long-Term Credit Bank of Japan told the Diet on Monday that he "believes" his bank is solvent, only to recant the statement later in the day.
JAPAN
Aug 28, 1998

40 trillion yen set aside for small business loans

The government said Friday it will ensure that 40 trillion yen will be available for state financial institutions and credit insurers to help small businesses that are suffering from tight lending by banks.
JAPAN
Aug 28, 1998

State mulls partial release of LTCB inspection data

The government will consider disclosing some financial data of the troubled Long-Term Credit Bank of Japan, Finance Minister Kiichi Miyazawa indicated Friday before a Lower House special committee on financial system stabilization.
JAPAN
Aug 28, 1998

Government must act faster on economic data: SEC chief

Staff writer
JAPAN
Aug 27, 1998

Opposition slams handling of LTCB, demands disclosure

Opposition parties on Thursday harshly criticized the government's handling of the troubled Long-Term Credit Bank of Japan during a Lower House committee meeting that resumed after a one-day opposition-camp boycott.
JAPAN
Aug 26, 1998

Opposition snubs Diet panel, delays financial deliberations

The Lower House's special committee on financial stabilization failed to meet Wednesday due to a boycott by the opposition camp over a procedural disagreement, but both camps agreed they would meet today.
JAPAN
Aug 26, 1998

Housing firm targets frequent JAS fliers

Japan Air System Co. will extend its frequent flier program to customers of Mitsui Home Co. starting Sept. 1, the two firms jointly announced Wednesday.
JAPAN
Aug 25, 1998

LTCB document puts risky assets at 2.8 trillion yen

A self-assessment by the Long-Term Credit Bank of Japan puts the bank's risky assets at 2.824 trillion yen, including "second category" loans of more than 2.379 trillion yen, at the end of March, according to a document disclosed to lawmakers Tuesday.
JAPAN
Aug 21, 1998

LTCB announces plan to restructure

The troubled Long-Term Credit Bank of Japan on Friday announced a restructuring plan in which three top executives will resign and its 13 overseas outlets will close.
JAPAN
Aug 20, 1998

Obuchi denies news reports of LTCB fund infusion plan

Prime Minister Keizo Obuchi denied media reports Thursday that the government has decided to inject public funds into the ailing Long-Term Credit Bank of Japan to expedite LTCB's proposed merger with Sumitomo Trust & Banking Co.
JAPAN
Aug 18, 1998

Six execs, four scholars named to economic council

The chairman of Asahi Breweries Ltd. and nine others were officially appointed Tuesday to the new Strategic Economic Council, a special advisory panel to Prime Minister Keizo Obuchi.
JAPAN
Aug 11, 1998

New law fails to preserve Ainu people's rights: U.N.

Staff writer
JAPAN
Aug 10, 1998

Asian Women's Fund remains official sex slave redress policy

The government maintained its stance Monday of promoting the Asian Women's Fund to extend money to women who were forced to provide sex to Japanese soldiers before and during the war.
JAPAN
Jul 30, 1998

Osaka draws up 10-year restructuring plan

OSAKA -- To forestall intervention by the central government, the cash-strapped Osaka Prefectural Government announced a 10-year restructuring plan Thursday that includes a reduction in prefectural officials and teachers as well as a suspension of regular annual wage increases for two years.
JAPAN
Jul 29, 1998

Miyazawa accepts Finance post

Former Prime Minister Kiichi Miyazawa accepted an earnest request Wednesday evening from Liberal Democratic Party President Keizo Obuchi to assume the post of finance minister.
JAPAN
Jul 27, 1998

Diet session to last 70 days -- if opposition parties agree

The ruling Liberal Democratic Party on Monday proposed that an extraordinary Diet session last for 70 days, from Thursday until Oct. 7, to discuss the urgent task of stabilizing the fragile financial sector and other issues.
JAPAN
Jul 21, 1998

Stimulus impact to be 'limited,' BOJ says

The government's comprehensive economic stimulus package featuring additional public works projects and special tax reductions will probably have only a limited impact on contracted private demand, the Bank of Japan said in a report Tuesday.
JAPAN
Jul 17, 1998

Finance Ministry needs major overhaul, panel says

The Finance Ministry should be overhauled to make its policymaking more transparent and efficient and to boost staff morale, an ad hoc ministry panel said Friday.
JAPAN
Jul 17, 1998

Teachers wanted for Odawara workshop

The Language Institute of Japan is seeking 100 English teachers to participate in its annual international summer workshop in Odawara, Kanagawa Prefecture, from August 9 to 14.
JAPAN
Jul 10, 1998

Merrill Lynch opens first Kansai branch

OSAKA -- Merrill Lynch Japan Securities Co. opened a branch in the Umeda District in Kita Ward here Friday, its first branch in the Kansai region, and will target local individual and corporate customers.
JAPAN
Jul 6, 1998

Satellites to perform world's first 'cosmic dance' today

Staff writer
JAPAN
Jul 3, 1998

Toray buys out 'ultrasuede' business

Toray Industries, Inc. has acquired the human-made suede business of Spring Industries, Inc., a leading U.S. manufacturer of home furnishings and fabrics, Toray's president announced Friday.
JAPAN
Jul 2, 1998

JAL chief aims to run like the Bulls

Staff writer
JAPAN
Jun 30, 1998

Enterprise Spirit: Secondhand-book vendor prices to sell

19th in a series of occasional articles on venture businesses
JAPAN
Jun 30, 1998

Hashimoto OKs outline for U.S.-style 'bridge banks'

Prime Minister Ryutaro Hashimoto on Tuesday approved an outline for a U.S.-style "bridge bank" designed to prevent bank failures from disrupting the entire economy.
JAPAN
Jun 29, 1998

Erasmus statue comes home after 400 years

A wooden statue of Dutch humanist scholar Desiderius Erasmus (1466-1536) is back in his native Netherlands for a special exhibition after nearly 400 years in Japan.
Japan to revise romanization rules for first time in 70 years
The Agency for Cultural Affairs is recommending replacing the government’s long-standing Kunrei system with more widely used Hepburn-style spellings.
Character-crazed Japan has little appetite for Labubu
A pop-up advertisement for the newly opened Chiikawa Park in Tokyo's Ikebukuro neighborhood demonstrates how the country is chockful of cute characters — to the detriment of trends like Labubu.
At meeting rich in symbolism, Ishiba and South Korea's Lee agree to steadily build ties
South Korean President Lee Jae Myung and Prime Minister Shigeru Ishiba shake hands at joint press announcement after summit talks in Tokyo on Saturday.
Are 'coolcations' the answer for Japan's heat-weary tourists?
Hikers on a trail in Hakuba, Nagano Prefecture. As extreme heat continues to grip Japan, a tectonic shift may be underway in the nation’s summer tourism scene as more people gravitate toward cooler destinations.
Japan to boost support for joint ride-hailing services
Tatsuaki Igarashi, mayor of Tsukuba, Ibaraki Prefecture, exits a ride-sharing vehicle at Tsukuba Station in January.
Germany's first sakemaker offers a bold brew of ideas
Reigen, Germany's first sake brewery, makes a diverse, nontraditional range of sake that includes fruit-flavored sips and wine barrel-aged renditions.
Alicia Keys closed Summer Sonic, but J-pop owned it
Summer Sonic’s 2025 lineup demonstrated its strength, showcasing the latest in J-pop, including “new kawaii” act Fruits Zipper.
Is the LDP’s catch-all approach to politics still effective?
Former economic security minister Sanae Takaichi visits Yasukuni Shrine in Tokyo on Aug. 15. Political commentator Toru Hashimoto has suggested that Takaichi ought to lead a group of like-minded hawkish politicians out of the Liberal Democratic Party and form their own party.
Fingers sore from too much phone time? You might have ‘sumaho yubi.’
A catch-all term for tendonitis and arthritis caused by excessive smartphone use, 'sumaho yubi' may be difficult to treat for gadget-crazy Japan.
As farm minister, Koizumi is held ‘hostage’ by Ishiba
Farm minister Shinjiro Koizumi (center) attends a Lower House session on Aug. 1. Locking Koizumi into the Cabinet is Prime Minister Shigeru Ishiba’s way of turning a potential rival into a team player, according to one expert.

Podcast

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

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past
By Alex K.T. Martin

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