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JAPAN
Aug 4, 1999

Land values drop 7.1% as banks unload properties

Land prices in Japan fell on average for the seventh consecutive year as the pace of decline again picked up amid banks' ongoing efforts to dispose of bad loans, the National Tax Administration Agency reported Wednesday.
EDITORIALS
Jul 13, 1999

Hard questions for Hong Kong

It has been a bitter two years for Hong Kong. On July 1, 1997, the British Crown Colony reverted to the mainland amid an outpouring of pride and Chinese nationalism. The celebrations were short-lived. The very next day, the Thai baht imploded, launching Asia on a downward economic spiral from which it...
JAPAN
Jul 1, 1999

Yamaichi bankruptcy lawyers may sue former auditor

The head of a team of lawyers assigned with liquidating assets of failed Yamaichi Securities Co. hinted Thursday that they may sue the brokerage's former auditor, Chuo Audit Corp.
JAPAN
Jun 25, 1999

Farm chief cool to reduced bank deposit protection

Agriculture, Forestry and Fisheries Minister Shoichi Nakagawa voiced caution Friday about the government's plan to abolish full deposit protection at the end of March 2001.
JAPAN
Jun 3, 1999

Obuchi takes competition woes to industry leaders

Japan needs to promote joint projects between the government and the private sector to strengthen its industrial technology, government and business leaders agreed Thursday at a state panel on beefing up industrial competitiveness.
JAPAN
May 20, 1999

Big shots endorse plan to rejuvenate manufacturing

To help Japan's ailing manufacturing firms in their restructuring efforts, an advisory panel of government and business leaders endorsed a set of proposals Thursday that include tax cuts to dispose of excess facilities and extended benefits for the unemployed.
LIFE / Travel
May 13, 1999

Myanmar's Chinese connection

To the millions of Myanmar Buddhists who still visit it, Mandalay symbolizes, nominally at least, the Rome of this "Golden Land." It is a royal "City of Gems."
JAPAN
May 11, 1999

Non-Japanese ring tied to Osaka house robbery

OSAKA -- The president of a private university in Toyonaka, Osaka Prefecture, was robbed of some 700,000 yen early Tuesday by three knife-wielding intruders, and police suspect the same non-Japanese Asians linked to 17 other break-ins in Osaka and Hyogo prefectures since March 1998 perpetrated the crime....
COMMENTARY
May 5, 1999

A game plan for Ishihara

I was not surprised at all by Shintaro Ishihara's overwhelming victory in the April 11 Tokyo gubernatorial election. Several journalist friends of mine and I had correctly predicted the election results, including the order of all the major candidates by the number of votes. More than anything else,...
JAPAN
Apr 21, 1999

JR West decides not to sue the state

West Japan Railway Co. decided Wednesday not to sue the national government over its decision to impose an additional burden on the firm related to the mounting debt left behind by the former Japanese National Railways.
JAPAN
Apr 12, 1999

Kokumin's capital deficit about 71.2 billion yen

Kokumin Bank, which was declared insolvent Sunday, had a 71.2 billion yen capital deficit as of Sept. 30, 1998, the Financial Supervisory Agency revealed Monday.
JAPAN
Apr 8, 1999

FSA to declare Kokumin in capital deficit

The Financial Supervisory Agency next week will declare that Kokumin Bank, a second-tier regional bank, is in a capital deficit of 50 billion yen, raising the specter of yet another government takeover, sources at the state agency said Thursday.
LIFE / Travel
Apr 7, 1999

Underwater neighborhoods

PHUKET, Thailand -- The coral-rich waters of the Andaman and Similan Seas off the coast of Phuket have become a mecca for scuba divers: Here awaits a treasure of diverse marine species, some of which can be found in few other places on earth.
JAPAN
Apr 1, 1999

Marubeni reverses earnings outlook, airs reform plan

Major trading house Marubeni Corp. lowered its earnings projection for fiscal 1998 on Thursday and announced a restructuring program to consolidate its 701 group firms into about 500 by March 31, 2001.
JAPAN
Mar 17, 1999

Nissan OKs 35% equity stake for Renault

Nissan Motor Co. on Wednesday appeared willing to have Renault SA of France buy an equity stake in the struggling automaker, saying specific conditions for the deal would hinge on further talks.
JAPAN
Mar 10, 1999

Investment drops to 37-year low

Combined capital investments by Japanese firms in the October-December period fell 18.7 percent from a year earlier, the worst drop seen since the same quarter of 1962, the Finance Ministry said Wednesday.
JAPAN
Mar 8, 1999

State moves to draft stronger consumer protection law

Staff writer
JAPAN
Feb 25, 1999

'Staff pay' entries give away tax dodger

Tokyo prosecutors arrested senior executives of a Tokyo real estate agency Thursday after raiding its offices over allegations that the firm failed to pay 500 million yen in taxes during a three-year period, sources close to the investigation said.
JAPAN
Feb 10, 1999

Mitsubishi firms eye largest leasing merger

Two leasing companies in the Mitsubishi corporate group are negotiating terms of a merger that may take place this fall, sources said Wednesday.
EDITORIALS
Feb 6, 1999

Ethical standards for bankers

In a landmark suit involving a bank's responsibility for bad loans, Sumitomo Bank earlier this week agreed to pay 3 billion yen to the Housing Loan Administration Corp., the public debt-clearing body for bankrupt home-loan companies. The HLAC had initially demanded 5 billion yen in damages, saying the...
JAPAN
Dec 30, 1998

Court rulings in Aum trial set precedents in '98

Sentences handed down this year on two Aum Shinrikyo figures drew a clear line between life and death.
JAPAN
Dec 15, 1998

NCB Mortgage applies for bankruptcy

NCB Mortgage Co., an affiliate of the nationalized Nippon Credit Bank, applied to the Tokyo District Court for voluntary bankruptcy on Tuesday, company officials said.
JAPAN
Dec 15, 1998

10 years sought for ex-Itoman boss

OSAKA -- Prosecutors demanded a 10-year prison term Tuesday for a former president of now-defunct Itoman Co. and a 12-year term for one of its former executive directors, for alleged aggravated breach of trust.
JAPAN
Nov 23, 1998

Dark cloud remains over Kabutocho

The bright, eight-story building was supposed to be something to savor for people working in Tokyo's Kabutocho securities center. But it has ended up symbolizing the continuing plight of the brokerage industry.
JAPAN
Nov 16, 1998

Bankruptcies top 1,700 for first time since '85

The number of bankruptcies at corporations with debts exceeding 10 million yen totaled 1,707 in October, up 12.5 percent from the previous month, Teikoku Databank said Monday.
JAPAN
Nov 3, 1998

Mayor of Wakayama arrested for alleged bribery

OSAKA -- Wakayama Mayor Yoshihiro Ozaki was arrested Monday evening on suspicion of receiving 1 million yen in bribes in exchange for favoring an applicant for a municipal job.
JAPAN
Oct 29, 1998

Buyers scarce for former JNR plots

Japan Railway Construction Public Corp. has taken over 1,273 hectares of land that remained unsold when JNR Settlements Corp. ended its 11-year history last week.The public corporation hopes to sell off the property by fiscal 2003 to help reduce 28.3 trillion yen in debts left behind by the defunct...
JAPAN
Oct 27, 1998

Tax panel debates deduction of housing loan interest

The government Tax Commission on Tuesday debated the idea of deducting housing loan interest.At a general meeting of the advisory panel to the prime minister, six of some 30 panel members voiced pros and cons about the idea while broadly discussing tax reductions to stimulate the moribund economy as...
JAPAN
Oct 22, 1998

Nomura, Daiwa, Nikko awash in red ink

The nation's three largest securities companies all realized net losses for the first half of fiscal 1998 on an unconsolidated basis, they said in releasing midterm earnings reports Thursday.Nomura Securities Co., Daiwa Securities Co. and Nikko Securities Co., which all released results for the April-September...
JAPAN
Oct 22, 1998

Land acquisitions take steep first-half drop

Reflecting worsening business conditions and thinning incentives for real-estate investment, an unprecedentedly small number of firms purchased land for industrial use in the first half of this year, according to a preliminary report released by the trade ministry Thursday.Acquisitions of land greater...
Man held after two injured in Tokyo Metro knife attack
Police outside Todaimae Station on the Namboku Line on Wednesday evening after a knife attack at the station 　
U.S. and Japan remain far apart on tariffs
Japan's Economic Revitalization Minister Ryosei Akazawa speaks to the press upon his arrival at Haneda Airport on April 18. He has said that all tariffs need to be reconsidered by the United States.
Man admitted to 2025 Osaka Expo with 85-year-old ticket
The Osaka Expo, which opened last month, runs through mid-October.
Japan's 'ice age' employment generation is at risk of poverty during retirement
Those who entered the job market from around 1993 to 2004, when long-term stagnation started, are likely to struggle even more to make ends meet after retirement.
India strikes Pakistan over Kashmir tourist killings
Indian paramilitary personnel stand guard along a road in Srinagar on Wednesday after New Delhi launched missile strikes on archrival Pakistan in a major escalation between the nuclear-armed neighbors.
With a new Shibuya studio, Apple Music bets big on Japan
Apple Music personalities (from left) Ebro Darden, Kentaro Ochiai, Zane Lowe and Mino came together for a special recording in late April to discuss music and celebrate the newly opened Apple Music studio in Tokyo.
SusHi Tech Tokyo 2025 expands to become one of Asia's largest startup events
SusHi Tech Tokyo 2025 was bustling with participants of various nationalities Thursday, and multiple languages could be heard around the room as many engaged in conversations throughout the day.
Celebrating Japan’s defeat at Shimoda’s Black Ships Festival
Tatsumi Onose (right), who plays the part of Commodore Matthew Perry in Shimoda's Black Ship Festival, says the historical episode the event is based on should be remembered for its positives more than its negatives.
'Big picture thinker': Ispace CEO Hakamada on reaching the moon and dreaming of starships
Takeshi Hakamada, founder and CEO of Ispace, says his primary interest in space development is not to abandon Earth, but to protect it.
The drive for luxury: Aston Martin Asia's president explains the desire for more
While for Aston Martin, it’s all about delivering luxury, their regional president for Asia Gregory Adams' start in the auto industry in Japan was far more humble.

Podcast

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

Longform

Dangami House is a 180-year-old former samurai residence of the Kato clan, who ruled over Ozu, Ehime Prefecture, until the Meiji Restoration.
A house, a legacy and the quiet work of restoration in rural Japan
By Hanako Lowry

SUSTAINABLE JAPAN

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