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JAPAN
Mar 3, 1998

Bill approved to grant groups corporate status

The Upper House Committee on Labor and Social Policies unanimously approved a bill Tuesday that would, for the first time, give corporate status to volunteer groups and other citizens' groups by recognizing them as official nonprofit organizations.
JAPAN
Feb 26, 1998

Arai's widow decides not to run in Lower House by-election

Just a day after the surprise announcement of her candidacy in a Lower House by-election, the widow of lawmaker Shokei Arai decided Thursday to pull out of the running to fill the seat made vacant when her husband hanged himself last week.
JAPAN
Feb 23, 1998

No pump-priming pledge made to G-7: Matsunaga

Finance Minister Hikaru Matsunaga denied Monday that he had made any commitment to the Group of Seven nations to implement additional economic stimulus measures, such as an extra budget for fiscal 1998.
JAPAN
Feb 20, 1998

Limits on stock trading by lawmakers urged

Several members of Prime Minister Ryutaro Hashimoto's Cabinet and leaders of his Liberal Democratic Party suggested Friday that tighter controls should be imposed on stock trading by Diet members, while others voiced opposition to the idea.
JAPAN
Feb 18, 1998

Toho Life, GE Capital join forces in new insurance venture

Financially ailing Toho Mutual Life Insurance Co. and leading U.S. nonbank financial firm GE Capital Services Inc. formally announced Wednesday that they will set up a new life insurance company in Japan.
JAPAN
Feb 18, 1998

On Paper: Banks in a bind as April 1 approaches

First in a series
JAPAN
Feb 13, 1998

Forum takes up Asia-Pacific's dirty air problems

Staff writer
JAPAN
Feb 3, 1998

U.N. appoints Hogen undersecretary general

Kensaku Hogen, director general of an institute affiliated with the Foreign Ministry, has been appointed as the United Nations undersecretary general for communication and public information, ministry officials said Tuesday.
JAPAN
Jan 28, 1998

Mitsuzuka resigns over finance bribery scandal

Finance Minister Hiroshi Mitsuzuka tendered his resignation Wednesday to Prime Minister Ryutaro Hashimoto to take the blame for a scandal in which two ministry bank inspectors were arrested for bribery.In accepting Mitsuzuka's resignation, Hashimoto will also hold the post of finance minister until...
JAPAN
Jan 26, 1998

BOJ tells banks to restore trust, dispose of loans

Bank of Japan Gov. Yasuo Matsushita urged Japanese financial institutions Monday to expedite the disposal of their bad loans and reinforce their capital bases to regain the trust of the markets, saying financial market players are taking an increasingly severe look at their financial health.At the opening...
JAPAN
Jan 12, 1998

Hashimoto vows efforts to protect financial system

In a departure from the norm, Prime Minister Ryutaro Hashimoto opened the 150-day Diet session Monday with a speech focusing solely on financial markets and the economy, stressing that Japan will not let its woes drag the rest of Asia and the world into more turmoil."It is our firm resolve that neither...
JAPAN
Dec 31, 1997

Hashimoto to stay in charge by default, despite recession

Staff writer
JAPAN
Dec 30, 1997

Cigarette filters top hazard for tots

Filters from extinguished cigarettes were the leading object in cases of accidental swallowing among children in 1996 at eight hospitals, the Health and Ministry reported Tuesday.
JAPAN
Dec 30, 1997

Sixth party steps forth from Shinshinto wreckage

A sixth party arose Tuesday from the demise of 173-member Shinshinto.
JAPAN
Dec 29, 1997

Prescriptions, bills rising for elderly outpatients

Elderly outpatients are prescribed four kinds of medicine each month, and their monthly payments for such treatment, including injections, comes to about 11,000 yen, according to a medication report published Monday by the Health and Welfare Ministry.
JAPAN
Dec 26, 1997

Worst of financial crisis is over, Finance Minister says

Finance Minister Hiroshi Mitsuzuka expressed full confidence in the nation's financial health Friday, saying that the crisis is over and implementation of the government's stability measures will restore calm to the industry.
JAPAN
Dec 25, 1997

First 1998 Diet session to open January 12

The Cabinet will decide today to convene the 1998 regular Diet session on Jan. 12, a week earlier than originally planned, so deliberations on a supplementary budget for 1997 can start quickly after the New Year's holidays, Chief Cabinet Secretary Kanezo Muraoka said Thursday.
JAPAN
Dec 24, 1997

TV Tokyo apologizes to Diet over injurious animation

The president of TV Tokyo apologized Wednesday before the Diet for the bizarre health problems suffered last week by viewers of an animated television program.
JAPAN
Dec 24, 1997

LDP's Kato suggests regional banks close overseas units

In another attempt to ease the growing credit crunch, Koichi Kato, secretary general of the ruling Liberal Democratic Party, has urged Japan's regional banks to close their international operations and focus on supplying more funds to local companies.
JAPAN
Dec 17, 1997

Analysis: Tax-cut package elicits praise and doubt

Staff writer
JAPAN
Dec 9, 1997

Mitsuzuka supports proposed 10 trillion yen bond issue

Finance Minister Hiroshi Mitsuzuka indicated support Tuesday for a proposal to issue a new type of government bond to the tune of 10 trillion yen to support financial institutions and put some life back into the economy.
JAPAN
Nov 28, 1997

Hashimoto's fiscal reform legislation clears Diet

A government-proposed fiscal reform bill to designate specific reduction targets for key budget areas became law Friday when it was passed by the Upper House during a plenary session.
JAPAN
Nov 28, 1997

Izui tells Diet he gave 278 million yen to LDP lawmakers

Junichi Izui, an oil wholesaler now on trial for income tax evasion and fraud, said Friday in sworn testimony before the Lower House Budget Committee that he provided 278 million yen to lawmakers of the ruling Liberal Democratic Party, including LDP policy chief Taku Yamasaki.
JAPAN
Nov 24, 1997

Ministry searches for measures to protect depositors

Alarmed at the successive failures of large financial firms -- the latest being Yamaichi Securities Co. -- the Finance Ministry said Monday it has begun studying new measures to ensure market stability and protect depositors, investors and insurance policy holders, with Finance Minister Hiroshi Mitsuzuka...
JAPAN
Nov 24, 1997

Backpedaling through a crisis -- public funds near use

Global financial markets have seemingly nudged the government toward undertaking a move it would not have dared consider just one year ago -- suggesting that taxpayers' money be used to restore faith in the financial sector.
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 17, 1997

Explosive rally surprises stock analysts

The strong rebound Monday in Tokyo share prices took analysts by surprise.
JAPAN
Nov 7, 1997

TSE plunges below 16,000 after losing 4%

>Share prices fell along a broad front Friday on the Tokyo Stock Exchange as concerns continue to dog the health of the nation's financial institutions.
JAPAN
Nov 6, 1997

Bill to reduce the deficit clears the Lower House

A plenary session of the Lower House passed a government-proposed fiscal reform bill Thursday that will use wide-ranging measures to set reduction targets for key budget areas to slash the deficit.
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.

Longform

Ichiro Suzuki, one of the most iconic players in NPB and MLB history, was elected to the Baseball Hall of Fame with 99.7% of the vote.
With Hall of Fame induction, Ichiro makes himself heard loud and clear