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JAPAN
Aug 1, 2001

Matsuo admits embezzlement

The Foreign Ministry's former head of logistics for VIP trips abroad pleaded guilty in court Tuesday to defrauding the government out of some 161 million yen by padding expenses of overseas visits by two former prime ministers between 1997 and 1999.
BUSINESS
Jun 16, 2001

BOJ resists pressure, maintains monetary policy

The Bank of Japan decided to keep its monetary policy unchanged Friday, despite strong pressure earlier in the week from politicians and the Finance Ministry for further easing.
BUSINESS
May 31, 2001

IMF chief urges expanded disclosure of bad loans

International Monetary Fund chief Horst Koehler encouraged the Financial Services Agency on Wednesday to step up disclosure of its assessments of banks' problem loans.
Events
May 29, 2001

Mayor feels heat as Olympic bid falters

OSAKA -- Officially, Osaka's quest for the 2008 Olympics is not over until the International Olympic Committee meets in Moscow in mid-July to name the host city.
BUSINESS
May 26, 2001

Hiranuma outlines plan to boost jobs, markets

Economy, Trade and Industry Minister Takeo Hiranuma proposed a 15-point plan Friday to increase jobs and markets, including optimizing research outcomes at universities to create business opportunities in the private sector.
JAPAN / STAGING A COMEBACK
May 16, 2001

Can 'e-Japan' make leap from paper to reality?

The economic slump over the past decade has crushed Japan's confidence and raised fundamental questions about the government's ability to turn things around.
JAPAN
May 12, 2001

Tanaka gives up plan to replace vice minister

Foreign Minister Makiko Tanaka indicated Friday that she has given up for now plans to replace Vice Foreign Minister Yutaka Kawashima, saying she "is not thinking about it."
BUSINESS
May 11, 2001

Sony Bank to go online June 11

Sony Bank, an Internet bank owned 80 percent by Sony Corp., said Thursday it will open for business on June 11 in hopes of luring deposits of 1 trillion yen in five years.
BUSINESS
Apr 13, 2001

FSA eyes strict rules on rescued banks

The Financial Services Agency will require banks to take drastic restructuring plans, including changes in top management, if they fall into the red and skip dividends after receiving public funds, according to a draft of guidelines obtained by Kyodo News.
JAPAN
Apr 7, 2001

Emergency economic package announced

The government finalized a package of emergency economic measures Friday that sets a two-year limit on major banks' disposal of their riskiest bad loans, limits their shareholdings and calls for a stock-buying body to buy company shares they hold.
BUSINESS
Apr 5, 2001

U.S. firms have arrived: ACCJ

The focus of America's business interests in Japan has changed from "trading with Japan" to "doing business in Japan," according to a biennial report released Wednesday by the American Chamber of Commerce in Japan.
JAPAN
Apr 5, 2001

State, ruling parties at odds over timing of emergency plan

The government and the ruling coalition failed to settle the details of an emergency economic package Wednesday, remaining divided over how soon to set up a controversial share-purchasing body.
BUSINESS
Apr 4, 2001

State may help stock-buying body

The government is likely to provide 33 percent of the funds for a proposed stock-buying body at the center of plans that will help banks divest themselves from the stock market, a senior official from the Liberal Democratic Party said Tuesday.
BUSINESS
Mar 31, 2001

FSA nearing completion of writeoff plan for banks' bad loans

Financial Services Agency chief Hakuo Yanagisawa said Friday that the FSA has virtually completed drawing up measures to help Japanese banks accelerate their direct writeoffs of bad loans.
JAPAN
Mar 16, 2001

Miyazawa proposes stock fund guarantee

Finance Minister Kiichi Miyazawa presented a scheme Thursday that would extend a government guarantee to a proposed private-sector fund that would purchase cross-held shares from ailing institutions, Financial Services Minister Hakuo Yanagisawa said.
JAPAN
Feb 24, 2001

S&P downgrades Japan's credit

NEW YORK -- Standard & Poor's Corp. said Thursday it had lowered its long-term local and foreign currency credit ratings on Japan from AAA to AA plus.
JAPAN
Feb 24, 2001

S&P downgrades Japan's credit

NEW YORK -- Standard & Poor's Corp. said Thursday it had lowered its long-term local and foreign currency credit ratings on Japan from AAA to AA plus.
JAPAN
Feb 18, 2001

FSA to check security of online stock deals

The Financial Services Agency will ensure during inspections of securities firms that they take measures to maintain the security of online stock deals, according to outlines of FSA inspection manuals obtained by Kyodo News on Saturday.
JAPAN
Feb 18, 2001

FSA to check security of online stock deals

The Financial Services Agency will ensure during inspections of securities firms that they take measures to maintain the security of online stock deals, according to outlines of FSA inspection manuals obtained by Kyodo News on Saturday.
BUSINESS
Jan 24, 2001

Treasury stock system bill planned

The Justice Ministry plans to have a bill allowing companies to buy their own shares for long-term possession ready for an extraordinary Diet session that is expected to convene in autumn, Justice Minister Masahiko Komura said Tuesday.
BUSINESS
Jan 20, 2001

Yanagisawa rejects task force plan

The state minister for financial affairs on Friday balked at a proposal by a Liberal Democratic Party task force to allow banks to repay with their shareholdings trillions of yen in public funds they received in 1998 and 1999 in order to replenish their depleted capital bases.
JAPAN
Jan 14, 2001

Writer bucks corporate norm

Writer Hamao Yokota seems to enjoy portraying an eccentric image.
JAPAN
Jan 6, 2001

Yen hits 17-month low on fears that economy is losing steam

The yen has come under fresh downward pressure on world currency markets amid lingering worries about the flagging Japanese economy.
EDITORIALS
Jan 3, 2001

The dangers that lie ahead

One of the biggest holiday gifts last year was the Sony PlayStation2 video game console. Good luck trying to find one. Hundreds of thousands of gamers around the world are still waiting to get their hands on the elusive item. But, according to news reports, one customer managed to collect about 4,000...
JAPAN
Nov 29, 2000

LDP pressures banks to keep cross-held shares

In what some analysts see as a transparent effort to prop up embattled Prime Minister Yoshiro Mori, Financial Reconstruction Minister Hideyuki Aizawa and LDP policy chief Shizuka Kamei agreed Tuesday that banks should be urged to stop unloading their cross-held shares.
COMMENTARY
Nov 5, 2000

Mori administration reeling

The administration of Prime Minister Yoshiro Mori is in crisis, visibly weakened by the resignation of Chief Cabinet Secretary Hidenao Nakagawa over a drug-related extramarital affair.
BUSINESS
Sep 20, 2000

FRC welcomes bank's early repayment

The head of the government's Financial Reconstruction Commission said Tuesday that the government would allow Mitsubishi Trust & Banking Corp. to repay ahead of schedule the public funds it received to replenish its depleted capital base.
BUSINESS
Sep 15, 2000

Public funds approved for NCB infusion

The Financial Reconstruction Commission approved Thursday a capital injection of 260 billion yen in public funds into Nippon Credit Bank, which resumed operations this month after 21 months under government control.
BUSINESS
Sep 5, 2000

NCB not afraid to ask state to buy loans: execs

Nippon Credit Bank will not hesitate to ask the government to buy back loss-incurring loans if necessary, top executives said Monday, as the newly privatized bank began its first day of operations.

Longform

Members of the nonprofit group Japan Youth Memorial Association search for the remains of dead soldiers in a cave in Okinawa Prefecture in February.
The long search for Japan’s lost soldiers