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JAPAN
Aug 26, 1998

Debris offers clue to fate of ASDF jets

Floating debris found in the Pacific early Wednesday was confirmed as pieces of one or both of two Air Self-Defense Force F-1 fighter jets that disappeared after apparently colliding Tuesday during evening low-altitude drills, a Defense Agency spokesman said.
JAPAN
Aug 25, 1998

Bureaucrat may face three years for bribes

Prosecutors demanded a three-year prison term and 3.38 million yen fine Tuesday for a former Finance Ministry official accused of receiving bribes from brokerages and a major bank.
JAPAN
Aug 25, 1998

Defense chief intends Okinawa visit before U.S. talks

Defense Agency chief Fukushiro Nukaga told reporters Tuesday he will visit Okinawa before he meets the U.S. secretaries of defense and state in late September.
JAPAN
Aug 25, 1998

Race set to target junior yacht ranks

The 8th International Goodwill Junior Yacht Regatta will be held Sept. 12 off the Wakasu Yacht Kunren Center in Wakasu Kaihin Koen-nai, Koto Ward, Tokyo.
JAPAN
Aug 25, 1998

Minister's new home defended as legitimate buy

Deputy Chief Cabinet Secretary Muneo Suzuki purchased a new house in Tokyo's Minato Ward last June while serving as chief of the Hokkaido and Okinawa Development agencies, despite an informal agreement that serving ministers would refrain from such purchases, it was learned Tuesday.
JAPAN
Aug 25, 1998

Solo 'bridge bank' scenario scrutinized by opposition

A major bank without a merger plan could be placed under the "bridge bank" scheme if it fails, Finance Minister Kiichi Miyazawa said Tuesday during the Diet's extraordinary session.
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 25, 1998

NGOs ask Japan to adopt nuclear disarmament policies

A petition urging the Japanese government to adopt policies aimed at total nuclear disarmament was submitted to the foreign minister by a total 67 representatives of nongovernmental organizations from 17 countries on Tuesday.
JAPAN
Aug 25, 1998

Career seminar to focus on English speakers

Simul International Inc. will sponsor a career seminar Sept. 9 for people who want to use English in their jobs, in cooperation with The Japan Times, Shukan ST and InterFM.
JAPAN
Aug 25, 1998

Two ASDF jets missing over Pacific

Two Air Self-Defense Force F-1 support fighters disappeared off the coast of Iwate Prefecture on Tuesday during night-flying practice over the Pacific Ocean, a Defense Agency spokesman said.
JAPAN
Aug 25, 1998

MITI to expand funds for small, government-tied firms

To help smaller firms counter the tight lending practices of banks, trade chief Kaoru Yosano said Tuesday his ministry is working to boost the amount of funds available for government-affiliated financial institutions and credit insurers from 25 trillion yen to 40 trillion yen.
JAPAN
Aug 25, 1998

Okinawa typhoon may hit mainland

A relatively small typhoon that developed southeast of Minami-Daito Island, Okinawa Prefecture, may strike mainland Japan on Friday, becoming the first to do so this year, according to the Meteorological Agency.
JAPAN
Aug 24, 1998

Bank failures not necessarily good solution, Tanami says

It is not necessarily desirable to allow a bank to fail and then place it under the "bridge bank" scheme, Vice Finance Minister Koji Tanami said Monday.
JAPAN
Aug 24, 1998

Gang named in cash van heists

A man arrested in the holdup of a bank cash transport vehicle in Aichi Prefecture last year has confessed that his gang carried out similar heists between 1995 and 1996, including some targeted at Chogin Tokyo Credit Bank cash vans, police sources said Monday.
JAPAN
Aug 24, 1998

Nissan remodels its Avenir for domestic wagon market

Nissan Motor Co. launched the fully revamped Avenir wagon to the domestic market Monday, featuring smoother handling and better use of space, top executives of the firm said.
JAPAN
Aug 24, 1998

Russia jitters send yen, Nikkei tumbling

Tokyo share prices and the yen tumbled Monday amid concerns over Russian political turmoil.
JAPAN
Aug 24, 1998

Opposition's policy chiefs agree to fight LTCB plan

Policy chiefs of three opposition parties agreed Monday to oppose a government plan to inject public funds into ailing Long-Term Credit Bank of Japan.
JAPAN
Aug 24, 1998

Get folks in tune with Net, think tank implores Japan

To help Japan through the ongoing "information revolution," the government should attune society to the global waves of the Internet, a Tokyo-based private think tank urged the nation on Monday.
JAPAN
Aug 24, 1998

UNICEF steps up Sudan aid efforts

The Japan Committee for UNICEF began emergency fundraising activities Monday to support relief measures in southern Sudan.
JAPAN
Aug 24, 1998

Views solicited on war memorial

The Tokyo Metropolitan Government will begin accepting public feedback in September about a controversial peace memorial hall to be dedicated to victims of massive U.S. air raids during World War II, officials said Monday.
JAPAN
Aug 24, 1998

Aum fugitive denies sarin knowledge

Former Aum Shinrikyo fugitive Yasuo Hayashi, 40, testified in court Monday that he was unaware a spray device he manufactured would be used for the deadly June 1994 sarin attack in Matsumoto, Nagano Prefecture.
JAPAN
Aug 24, 1998

Nonaka says he's ready to meet Ota

Chief Cabinet Secretary Hiromu Nonaka said Monday he is ready to hold talks with Okinawa Gov. Masahide Ota without imposing any conditions.
JAPAN
Aug 21, 1998

Skymark takes delivery of 767 for first paying flight

A Boeing 767-300, the first jetliner in the fleet of Skymark Airlines Co., the only new entry in the country's aviation industry in 35 years, arrived at Tokyo's Haneda airport Friday from Seattle prior to its initial commercial flight on Sept. 19.
JAPAN
Aug 21, 1998

Seoul seeks $3 billion in untied Ex-Im loans

Staff writer
JAPAN
Aug 21, 1998

Agency adds farm toxins to guidelines

The Environment Agency has decided to enact a set of comprehensive measures to regulate nitrate nitrogen, a chemical released into the environment from livestock excreta and agricultural fertilizers made of nitrogen, ministry officials said Friday.
JAPAN
Aug 21, 1998

Obuchi tells Cabinet to fix credit crunch

Prime Minister Keizo Obuchi instructed his Cabinet ministers Friday to step up efforts to ease the ongoing credit crunch surrounding small and medium-size enterprises.
JAPAN
Aug 21, 1998

Theft suspect admits break-ins, rape spree

Police served a fresh arrest warrant Friday to a 32-year-old South Korean man suspected of being behind a string of break-ins and rapes.
JAPAN
Aug 21, 1998

Moody's downgrades nonlife insurers' ratings

Moody's Investors Service said Friday it has lowered its financial strength ratings of four Japanese nonlife insurance companies in light of difficult operating conditions, especially since the July 1 liberalization of premium pricing.
JAPAN
Aug 21, 1998

Trading house Okura declared bankrupt

Okura & Co. became the nation's third-largest corporate failure in 1998 on Friday as the Tokyo District Court declared the venerable institution bankrupt with 288.3 billion yen in group liabilities.
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.

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