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JAPAN
Nov 13, 1998

Ex-Finance bureaucrat found guilty of bribery; walks

The Tokyo District Court sentenced former Finance Ministry bureaucrat Takashi Sakakibara to a suspended two-year prison term Friday for accepting bribes worth 3.42 million yen from brokerages and a major bank.
JAPAN
Nov 13, 1998

Justice continues to break refugee asylum record

The Justice Ministry granted refugee status to three Myanmar residents Friday, bringing the total of foreigners given political asylum this year to 11.
JAPAN
Nov 13, 1998

Japan Inc. suffers 70% drop in after-tax profit

After-tax profits of Japanese companies listed on the first section of the Tokyo Stock Exchange plunged 70 percent from the previous year, marking the largest drop since the period immediately after World War II, according to financial reports announced Friday.
JAPAN
Nov 13, 1998

BOJ moves to cure credit crunch

The Bank of Japan Policy Board decided Friday on new steps for enhancing corporate financing amid pressure to enhance liquidity in capital markets and relieve the nation's credit squeeze.
JAPAN
Nov 13, 1998

Clinton visit scheduled to begin Thursday

U.S. President Bill Clinton will make a two-day visit to Japan beginning Thursday for talks with Prime Minister Keizo Obuchi, Chief Cabinet Secretary Hiromu Nonaka said Friday.
JAPAN
Nov 13, 1998

Japan, Russia declare 2000 peace treaty deadline

MOSCOW -- Japan and Russia on Friday announced a joint declaration setting 2000 as the target year for concluding a bilateral peace treaty that has been blocked by a decades-old territorial dispute.
JAPAN
Nov 13, 1998

Detective agencies hit for investigating 'buraku' folk

OSAKA -- The Osaka Prefectural Government on Friday instructed two private detective agencies that violated a prefectural ban on discriminating against descendants of the "buraku" (hamlet) outcast class to refrain from doing so in the future,
JAPAN
Nov 12, 1998

NEC, Toshiba chastised for bid-rigging on state contracts

The Fair Trade Commission on Thursday ordered NEC Corp. and Toshiba Corp. to end their bid-rigging practices in supplying zip-code reading machines to the government, FTC officials said.
JAPAN
Nov 12, 1998

FSA chief implores banks to request public funds

Financial Reconstruction Minister Hakuo Yanagisawa again urged banks to apply for a big capital injection Thursday, the day before the Financial Supervisory Agency was to explain application approval standards to 147 banks in Tokyo.
JAPAN
Nov 12, 1998

DPJ offers own package

The Democratic Party of Japan, the largest opposition party, on Thursday unveiled its own economic stimulus package. It's worth nearly 20 trillion yen and includes a system that would provide allowances for raising children but has little chance of being included in a supplementary budget to be debated...
JAPAN
Nov 12, 1998

NEC affiliate admits overcharging Defense Agency

A wholly owned affiliate of NEC Corp. admitted to the Defense Agency on Thursday that it overcharged the agency for repairs of defense equipment.
JAPAN
Nov 12, 1998

ANA seals alliance with China Eastern

All Nippon Airways Co. and China Eastern Airlines will form a comprehensive alliance and begin code-sharing operations in February, ANA officials announced Thursday.
JAPAN
Nov 12, 1998

Iraq urged to cooperate with U.N.

Iraq should cooperate with United Nations weapons inspectors to ease the mounting tension in the Persian Gulf, Kishichiro Amae, director general of the Foreign Ministry's Middle Eastern and African Affairs Bureau, told Iraqi Charge d'affaires Nadhim Haddad on Thursday.
JAPAN
Nov 12, 1998

NGOs main stars at Yokohama festival

The Yokohama Festival for International Cooperation '98 will be held at the Sangyo Boeki Center Building in Yokohama, Kanagawa Prefecture, on Saturday and Sunday.
JAPAN
Nov 12, 1998

ACCJ urges fairness in future financial protection fund

The American Chamber of Commerce in Japan on Thursday called on Tokyo to abide by "fair, free and global" principles when establishing protection funds for investors and insurance policyholders as part of Japan's ongoing "Big Bang" financial reforms.
JAPAN
Nov 12, 1998

Japanese-American heritage blooms in L.A. museum

The Japanese-American experience is a useful reference point in Japan's globalization efforts, but more insights await in Los Angeles, where the Japanese American National Museum is raising the profile of these people, representatives said Thursday.
JAPAN
Nov 12, 1998

Honda again posts record midterm results

Helped by strong sales in North America, Honda Motor Co. posted its third consecutive year of record net sales and profit for the April-September period, company officials said Thursday.
JAPAN
Nov 12, 1998

LDP outlines latest stimulus plan

The ruling Liberal Democratic Party drew up an outline Thursday for a new economic stimulus package worth more than 10 trillion yen aimed at realizing positive growth in the next fiscal year and putting the nation's economy back on a path to sustainable recovery within two years.
JAPAN
Nov 12, 1998

KDD posts 5.8% dip in sales

Sales at Kokusai Denshin Denwa Co. fell to 144 billion yen on an unconsolidated basis in the first half of fiscal 1998, down 5.8 from the same period last year, the nation's biggest international telecommunications carrier announced Thursday.
JAPAN
Nov 12, 1998

Mazda's cost-cutting pays off

While many automakers struggle with shrinking profits amid the serious economic slump, Mazda Motor Corp. is reaping the fruits of desperate cost-cutting efforts. On Thursday it reported consolidated midterm net profits for the first time since fiscal 1991.
JAPAN
Nov 11, 1998

LDP, Liberal Party talk policy

The Liberal Democratic Party and the Liberal Party launched policy discussions Wednesday, and while the two took several steps toward forming a coalition, a major hurdle remains -- consensus on a consumption tax cut.
JAPAN
Nov 11, 1998

Fading tax revenues force Osaka into crisis

OSAKA -- Osaka Gov. "Knock" Yokoyama declared Wednesday that the prefecture is facing a financial crisis due to a serious shortage of tax revenues.
JAPAN
Nov 11, 1998

World Bank president presses for Asian reform

The recovery of crisis-hit East Asian economies requires world economic and financial support and time-consuming efforts to implement social and structural reforms, the president of the World Bank said Wednesday.
JAPAN
Nov 11, 1998

Nippon Life, Deutsche Bank seal tieup

Nippon Life Insurance Co. and Deutsche Bank AG, the largest bank in Germany, have sealed a comprehensive tieup agreement to strengthen their ties in asset management and in the sale of investment trusts in Europe and Japan, the two companies announced Wednesday.
JAPAN
Nov 11, 1998

Bhutan aid project rife with misappropriation

A Tokyo-based consultant firm commissioned by the government to build telephone networks in Bhutan misused about 195.6 million yen of the project disbursement under a grant aid, a Foreign Ministry investigation report said Wednesday.
JAPAN
Nov 11, 1998

Business groups criticize coupons, urge tax cuts

Will the proposed merchandise coupons help pull Japan out of economic crisis by boosting consumption?
JAPAN
Nov 11, 1998

Citizens rally behind Japanese tariffs ahead of APEC

About 300 people rallied Wednesday in Tokyo to pressure the government to defend Japanese tariffs on wood and fish products at forthcoming meetings of the Asia-Pacific Economic Cooperation forum in Malaysia.
JAPAN
Nov 11, 1998

JR East first-half profits down 9%

East Japan Railway Co. (JR East) reported 166.6 billion yen in unconsolidated operating profit during the first half of fiscal 1998, down 9.1 percent from the same period last year because of the stagnant economy, officials of the carrier announced Wednesday.
JAPAN
Nov 11, 1998

Midsize, large firms given aid assurances

The government will reinforce its support for middle-standing and large companies suffering from the credit crunch with the quasigovernmental Japan Development Bank providing for working capital and purchasing corporate bonds, trade chief Kaoru Yosano said Wednesday.
JAPAN
Nov 11, 1998

Celebrities join call for Kobe airport plebiscite

On behalf of civic group members in Kobe, writer Yasuo Tanaka met reporters Wednesday in Tokyo to call for a plebiscite over the planned construction of an airport in Kobe.

Longform

Japan's growing ranks of centenarians are redefining what it means to live in a super-aging society.
What comes after 100?