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JAPAN
Mar 17, 1998

BOJ resignations to 'settle things'

The resignations of Bank of Japan Gov. Yasuo Matsushita and his deputy are sufficient to allow the central bank a fresh start following the arrest of a BOJ official on suspicion of accepting bribes from major banks, Matsushita said March 17.
JAPAN
Mar 13, 1998

Economy shrinks 0.7% as recession approaches

Japan's economy shrank an annualized 0.7 percent in real terms for the October-December quarter, compared with July-September, bringing the growth rate for calendar 1997 to a scant 0.9 percent, the Economic Planning Agency said March 13.
JAPAN
Mar 13, 1998

Mitsui Marine & Fire decides against Sanyo takeover

Mitsui Marine & Fire Insurance Co. announced March 13 that it has dropped a plan to take over part of failed Sanyo Securities Co. because it is unlikely the company will be able to make a profit.
JAPAN
Feb 18, 1998

Indonesia aid readied for G-7 talks

Japan hopes to draw up additional measures to assist embattled Indonesia by the start of Saturday's meeting of the finance ministers and central bankers of the Group of Seven, Finance Minister Hikaru Matsunaga said Wednesday.
JAPAN
Feb 17, 1998

Finance ministry bank inspectors given the ax

The Finance Ministry dismissed two bank inspectors who were indicted Monday on charges of receiving bribes from banks in exchange for tipoffs about the ministry's pending inspections, Vice Finance Minister Koji Tanami said at a news conference.
JAPAN
Jan 14, 1998

Hashimoto drops new hint of tax cut

Prime Minister Ryutaro Hashimoto on Wednesday repeated hints he made the previous day that further tax cuts to boost domestic consumption and support the sagging economy have not been ruled out."The government will strive to make it unnecessary to continue a 2 trillion yen cut in income and residential...
JAPAN
Jan 14, 1998

Big banks praised for accepting publicly funded capitalization

Finance Minister Hiroshi Mitsuzuka on Wednesday applauded moves on the part of major Japanese banks to accept an infusion of public funds through the government-supported purchase of their preferred stock and subordinated bonds.On Tuesday, leading Japanese banks such as the Bank of Tokyo-Mitsubishi...
JAPAN
Jan 7, 1998

Opposition parties unite over policy, 6 trillion yen tax cuts

Six opposition parties agreed Wednesday to specific policy measures, including a call for tax cuts worth 6 trillion yen, for their planned joint parliamentary group.The leaders of the Democratic Party of Japan, Shinto Yuai (New Party Fraternity), Kokumin no Koe (Voice of the People), the Taiyo Party,...
JAPAN
Dec 24, 1997

Another public funds scheme hatched

Mitsuo Horiuchi, minister for international trade and industry, on Wednesday urged financial authorities to consider using public funds for an investment cooperative that would purchase corporate shares held by banks.
JAPAN
Dec 17, 1997

Daiei establishes holding firm

Daiei Inc., the nation's largest retail chain, announced Wednesday that it has established a holding company to strengthen its financial condition, becoming the first company to take advantage of a change in the Antimonopoly Law.
JAPAN
Nov 14, 1997

Japan shifts stance on Asia crisis fund

Finance Minister Hiroshi Mitsuzuka said Friday that a proposed fund to assist Asian economies in financial or currency crises should supplement the International Monetary Fund, indicating a shift in Japan's position regarding the mechanism.
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
Oct 31, 1997

VP Kishi takes helm at Tokyo-Mitsubishi bank

The Bank of Tokyo-Mitsubishi, a leading commercial bank, will promote Vice President Satoru Kishi to the post of president to replace current President Tasuku Takagaki, the bank announced Friday.
JAPAN
Oct 14, 1997

Bad-loan troubles force Kyoto bank to liquidate

OSAKA -- Kyoto Kyoei Bank said Oct. 14 that it will begin liquidation procedures and transfer its operations to Osaka-based Kofuku Bank by next Oct. 1, after using funds from the Deposit Insurance Corp. to get rid of its nonperforming assets.Kofuku, another second-tier regional bank with bad loans of...
JAPAN
Sep 30, 1997

Hokkaido Takushoku left to solve its own problems

Finance Minister Hiroshi Mitsuzuka said Sept. 30 that his ministry is not at present planning to help the troubled Hokkaido Takushoku Bank increase its capital.
JAPAN
Aug 5, 1997

DKB, Nomura penalties take effect today

Administrative penalties against Dai-Ichi Kangyo Bank and Nomura Securities Co. for their payoffs to a "sokaiya" corporate extortionist take effect August 6.
JAPAN
Aug 4, 1997

Thailand need only seek help: Finance Ministry

A top Finance Ministry official on August 4 repeated the oft-used refrain that Japan stands ready to cooperate if Thailand makes a formal request for financial assistance.
JAPAN
Jul 29, 1997

U.N. in need of $1 billion to reform itself

The United Nations needs $1 billion to stabilize its financial situation as it undergoes reform, the undersecretary general for administration and management at the U.N. said July 29.
JAPAN
Jun 20, 1997

Insurers finalize Nissan Mutual liquidation scheme

The Life Insurance Association of Japan endorsed a liquidation scheme June 20 for Nissan Mutual Life Insurance Co. that will create a new entity to manage its policies and write off an estimated 100 billion yen worth of the failed insurer's debts over a period of five years.
JAPAN
Apr 17, 1997

Mitsui Marine may support NCB

Mitsui Marine & Fire Insurance Co. is leaning toward complying with a request from Nippon Credit Bank for new capital to support its restructuring efforts, the president of the nonlife insurer said April 17.
JAPAN
Apr 1, 1997

Hokkaido banks to merge

Hokkaido Takushoku Bank, one of the nation's 10 major city banks, and the regional Hokkaido Bank announced Apr. 1 that they will merge on April 1, 1998, to cut costs ahead of the proposed "Big Bang" of financial deregulation.
JAPAN
Mar 25, 1997

Bankers' report calls for end to postal savings system

The nation's banking community drew up a report Mar. 25 calling for the privatization and subsequent breakup of the government's postal savings system, saying it was a barrier to full implementation of financial deregulation.
JAPAN
Mar 15, 1997

Latest scandals said litmus test for Japan's will to reform

Japan's commitment to deregulation and market liberalization may be put to the test as the government and the business community respond to the misconduct of Nomura Securities Co. and other scandal-tainted firms, observers say.
JAPAN
Jan 22, 1997

Yen's quick decline concerns BOJ chief

Bank of Japan Gov. Yasuo Matsushita expressed concern Jan. 22 over the fast pace at which the yen is weakening against the dollar and said authorities will carefully monitor the foreign exchange market.Speaking at a news conference, the head of the central bank said it was desirable for foreign exchange...
Japan Times
BUSINESS
May 13, 2023

G7 finance chiefs set stage for Hiroshima summit with Ukraine and supply chains

Group of Seven finance chiefs and central bankers wrapped up three days of meetings on Saturday that focused largely on global economic and financial stability.
Japan Times
BUSINESS / Economy
May 11, 2023

BOJ adjusts English translation under Gov. Kazuo Ueda, hinting at new policy era

The bank has adopted a new word in English to describe its stance of continuing with large-scale monetary easing, while the original Japanese word remains unchanged.
Japan Times
BUSINESS / Economy
May 8, 2023

Powell’s bet against recession looks good — minus the credit crunch and a standoff

Federal Reserve Chair Jerome Powell reckons the U.S. economy can skirt recession. But the odds are stacked against him — thanks to banking, politics, and even the weather.
Japan Times
CULTURE / Entertainment news / Focus
May 5, 2023

Hollywood insiders predict writers' strike to drag on through summer

The dispute represents a clash between writers, who see themselves working more but earning less in the streaming era, and studios attempting to rein in costs.
Japan Times
COMMENTARY / World
Apr 27, 2023

How Russians fight back amid an unpopular war

Despite the full force of the security state breathing down the necks of ordinary Russians, covert resistance to the Kremlin's narrative about the war can be found everywhere.
Winning warship bid gives Japan confidence boost as Tokyo eyes more exports
Australia’s decision to select Japan's upgraded Mogami-class warship, seen in this computer-generated image, has been “well received across Japanese industry," a Defense Ministry official said.
European leaders to join Zelenskyy for key meeting with Trump
U.S. President Donald Trump greets Russian leader Vladimir Putin on the tarmac after they arrived for a meeting on Ukraine at Joint Base Elmendorf-Richardson in Anchorage, Alaska, on Friday.
Hiker missing in Hokkaido after bear attack found dead
The Rausu mountain range at Hokkaido's Shiretoko National Park. A man in his 20s who went missing after being attacked by a bear while hiking on Mount Rausu has been found dead.
The long search for Japan’s lost soldiers
Members of the nonprofit group Japan Youth Memorial Association search for the remains of dead soldiers in a cave in Okinawa Prefecture in February.
Trump shifts stance on road to Ukraine peace after meeting Putin in Alaska
U.S. President Donald Trump looks on next to Russian leader Vladimir Putin during a news conference following their meeting to negotiate an end to the war in Ukraine, at Joint Base Elmendorf-Richardson, in Anchorage, Alaska, on Friday.
In preserving Japanese hospitality, ‘details are everything’
Beniya Mukayu, a traditional "ryokan" inn located in Ishikawa Prefecture, considers itself at "the heart of onsen towns, local residents, farmers, fishermen, sake brewers and artisans" — all of which need new, sustainable methods of serving visitors to survive into the future.
A seaside hotel built on competitive Japanese cycling
In a region more associated with art, Keirin Hotel 10 takes a decidedly more athletic approach to attracting tourists.
Reading the Japanese clock: Are times a-changin'?
People walk past a time board at Hakata Station in Fukuoka. Luckily for those trying to catch a train, reading a clock is universal.
The indelible memory of being a part of Unit 731
Hideo Shimizu, 95, says he cannot forget seeing the prisoners' bloody wills scribbled on the walls of prison cells at Unit 731 in 1945.
Recent deaths of Japanese boxers underline importance of emergency action plans
The Japan Boxing Commission's safety protocols have been thrust into the spotlight following the deaths of Shigetoshi Kotari and Hiromasa Urakawa, who suffered fatal brain injuries while fighting on the same card on Aug. 2.

Podcast

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

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
By Tomoko Otake

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