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JAPAN
Oct 23, 1998

Miyazawa sanguine on Long-Term credit debacle

Following the government's decision to temporarily place the Long-Term Credit Bank of Japan under state control, Finance Minister Kiichi Miyazawa said Friday that the bank's depositors and clients do not have to worry about its imminent takeover.Speaking at a news conference, he said all depositors'...
JAPAN
Oct 23, 1998

Okazaki calls demand for death unfair

Kazuaki Okazaki, a former Aum Shinrikyo figure sentenced to death Friday, showed little emotion in court during the near hour it took the judge to read out his ruling. Sitting motionless with his hands on his knees and tilting his head down, he looked as if he was in deep meditation.But letters Okazaki...
JAPAN
Oct 22, 1998

Pasona to acquire LTCB Research for 1 billion yen

The LTCB Research Institute, an affiliate of the Long-Term Credit Bank of Japan, will become a subsidiary of Pasona Inc. on Dec. 1, it was announced Thursday.Pasona, a major employment agency, will pay 1 billion yen to purchase the think tank, which is capitalized at the same amount, Yasuyuki Nanbu,...
JAPAN
Oct 22, 1998

ANA changes course for Star Alliance

In an effort to pull in business class customers for its international routes, All Nippon Airways Co. will join the Star Alliance, a multilateral strategic linkup of international carriers, next October, ANA officials said Thursday.The alliance is made up of Air Canada, Lufthansa German Airlines, Scandinavian...
JAPAN
Oct 20, 1998

FSA to pressure banks to apply for money

The Financial Supervisory Agency will strongly urge banks to apply for capital injection under the new bank recapitalization law, FSA Commissioner Masaharu Hino said Tuesday.The FSA will use various measures, including meeting unofficially with a group of banks, to talk them into accepting public funds,...
JAPAN
Oct 20, 1998

Pension premium hike in April may be shelved

The government is considering scrapping a scheduled April premium hike in the national pension plan for self-employed people, to keep from further dampening consumer spending, Health and Welfare Minister Sohei Miyashita said Tuesday.At a news conference following a Cabinet meeting, Miyashita revealed...
JAPAN
Oct 20, 1998

Sakakibara backs Mahathir on currency controls

Sharing Malaysian Prime Minister Mahathir Mohamad's concerns over capitalism, Japan's vice finance minister for international affairs supported Malaysia's foreign exchange controls Tuesday.At a Tokyo symposium, Eisuke Sakakibara said global capitalism backed by "market fundamentalism," or the belief...
JAPAN
Oct 16, 1998

Obuchi says state intends to stabilize financial system

The government is determined to shore up the faltering economy within two years and stabilize the financial system by fully utilizing the bank recapitalization law and the financial stabilization laws recently approved by the Diet, Prime Minister Keizo Obuchi said Friday.At a news conference held after...
JAPAN
Oct 16, 1998

Resolution expected to be Nukaga's ouster

Defense Agency director general Fukushiro Nukaga is widely expected to be forced to step down to take responsibility for an ongoing procurement scandal after Upper House passage Friday of a nonbinding resolution calling for his immediate resignation.Although the defense chief reiterated Friday evening...
JAPAN
Oct 15, 1998

Immigration to ease rules on re-entry permits, Australians

Justice Minister Shozaburo Nakamura on Thursday announced a set of changes to immigration policies, including extending the period for re-entry permits and eliminating a visa requirement for short-term visitors from Australia.Nakamura told a news conference that the changes are part of the nation's...
JAPAN
Oct 15, 1998

Bank infusions should be simultaneous, Hayami says

The nation's 19 major banks should receive capital injections not one at a time but all at once to maximize the move after a bank recapitalization bill designed to reinforce their capital bases is enacted, Bank of Japan Gov. Masaru Hayami said Thursday.With the injection of public funds, clear-cut disclosure...
JAPAN
Oct 14, 1998

Push banks to accept public funds, council urges

The government should take the initiative to quickly inject tens of trillions of yen in public money into the nation's major banks to boost their capital bases and ease the credit crunch, a special advisory panel to Prime Minister Keizo Obuchi proposed Wednesday.The Strategic Economic Council, headed...
JAPAN
Oct 13, 1998

Container data for nuclear fuel labels doctored

A Tokyo-based engineering firm affiliated with Japan Atomic Power Co. falsified data on a container for transporting mixed oxide fuel to be used in planned thermal neutron reactors, Transport Minister Jiro Kawasaki said Tuesday.Genden Engineering Services and Construction Co. tampered with the data...
JAPAN
Oct 13, 1998

Tax evasion, bribes earn Izui two years in prison

The Tokyo District Court sentenced oil dealer Junichi Izui to two years in prison Tuesday for tax evasion and bribery, and acquitted him on a fraud charge over a series of oil deals involving Mitsui Mining Co. and other firms.Presiding Judge Kohei Ikeda also levied 80 million yen in fines against the...
JAPAN
Oct 13, 1998

Jiang to hear war apology during visit

Tokyo plans to express "remorse and apology" to China in a joint statement the two countries will issue when Chinese President Jiang Zemin visits Japan, Foreign Minister Masahiko Komura hinted Tuesday.Jiang hopes to visit Japan later this year, according to ministry officials.Komura told a news conference...
JAPAN
Oct 12, 1998

NPA bucks Justice plan to scrap fingerprinting

The Justice Ministry and National Police Agency are at sharp odds over the ministry's recent announcement that it plans to abolish the practice of fingerprinting foreigners living in Japan.The Liberal Democratic Party's subcommittee on immigration policies basically approved the ministry's stance Thursday,...
JAPAN
Oct 9, 1998

Tokyo court dismisses sex slave suit, ignores alleged ordeals

The Tokyo District Court on Friday rejected claims by 46 former "comfort women" from the Philippines who were seeking compensation from the Japanese government for forcing them to provide sex for Japanese soldiers during World War II.Presiding Judge Yoriaki Ichikawa of the Tokyo District Court dismissed...
JAPAN
Oct 9, 1998

Suddenly mighty yen continues thrashing dollar

The dollar gave up further ground against the yen in Tokyo on Friday amid reports that U.S. President Bill Clinton supports a stronger yen.The dollar plunged to 115.70 yen at one point, its lowest level in 14 months in Tokyo, before settling at 117.18-22 yen at 5 p.m., down from 122.35-37 yen late Thursday.The...
JAPAN
Oct 9, 1998

Give banks in need of funds breathing space, Nonaka urges

Chief Cabinet Secretary Hiromu Nonaka voiced concern Friday about imposing excessive restrictions on banks asking for public funds.Sufficient information disclosure and clarification of management responsibility should be preconditions for infusions of public funds, the chief government spokesman told...
JAPAN
Oct 9, 1998

Tokyo applying for ISO certificate

The Tokyo Metropolitan Government will apply for ISO 14001 authorization, an international standard for environmentally friendly office management, by the end of fiscal 1999, Tokyo Gov. Yukio Aoshima said Friday.A total of 1,174 organizations have obtained the authorization across the country, including...
JAPAN
Oct 9, 1998

LDP may bend on recapitalization plans

The government and the Liberal Democratic Party appeared ready Friday to accept some ideas proposed by the Democratic Party of Japan on a bank recapitalization bill.DPJ Secretary General Tsutomu Hata met with his LDP counterpart Yoshiro Mori and Chief Cabinet Secretary Hiromu Nonaka in the afternoon...
JAPAN
Oct 8, 1998

LTCB merger now 'option' for Sumitomo Trust

Sumitomo Trust & Banking Co. President Atsushi Takahashi hinted Thursday the bank's planned merger with the troubled Long-Term Credit Bank of Japan was effectively dead, saying the LTCB is now "one of the options" among the bank's alliance strategies.Takahashi, however, said it is too early to make...
JAPAN
Oct 8, 1998

Gift coupons government's latest demand strategy

Providing consumers with merchandise coupons in an effort to stimulate personal consumption will be studied as a possible measure for the second fiscal 1998 supplementary budget, government officials said Thursday.Chief Cabinet Secretary Hiromu Nonaka confirmed during a morning news conference that...
JAPAN
Oct 8, 1998

The Kim Visit: Leaders look ahead, vow cooperative ties

Prime Minister Keizo Obuchi and visiting South Korean President Kim Dae Jung put the past behind them Thursday, with Japan apologizing for its past colonial rule of the Korean Peninsula and both pledging to establish a new partnership in a variety of fields for the 21st century.Obuchi said at a joint...
JAPAN
Oct 8, 1998

Yen bulks up to 114; Nikkei takes dive

The dollar continued plummeting against the yen Thursday morning in London, briefly dropping to the 114 level for the first time since July 1997 on stop-loss sales by U.S. hedge funds.While the yen's sudden muscle is a mixed blessing for Japan -- it hurts exporters but helps banks struggling to maintain...
JAPAN
Oct 7, 1998

Public funds for banks, stimulus get panel's nod

The government should inject a substantial amount of public funds into financial institutions and implement large-scale fiscal stimulus measures to prop up the economy, members of an advisory body to Prime Minister Keizo Obuchi said Wednesday.During the day's discussions of the Strategic Economic Council,...
JAPAN
Oct 6, 1998

Saison ties with H.I.S. in travel insurance

Saison Automobile & Fire Insurance Co., a nonlife insurance wing of the Saison group, and H.I.S. Co., a travel agency that has a strong foothold in the overseas travel market, reached a comprehensive tieup agreement Tuesday to provide new insurance services for those traveling abroad, the two companies...
JAPAN
Oct 5, 1998

Defense data discarded before raids, Akiyama admits

The former chief of the Defense Agency secretariat discarded documents linked to the procurement scandal at his home before prosecutors raided the agency on Sept. 3, Masahiro Akiyama, administrative vice minister of the agency, admitted Monday.Denying earlier news reports that Masayuki Fujishima, 55,...
JAPAN
Oct 2, 1998

IBJ, Dai-ichi Life plan tieup by 2000

The Industrial Bank of Japan and Dai-ichi Mutual Life Insurance Co. announced Friday a plan for a broad-based business tieup designed to strengthen each side to survive the Japanese "Big Bang" financial deregulation.The move is the latest business alliance to be announced among the major Japanese financial...
JAPAN
Oct 1, 1998

DKB, J.P. Morgan form investment trust venture

Dai-Ichi Kangyo Bank and J.P. Morgan and Co. of the United States has sealed a tieup agreement to sell investment trust products in Japan through DKB's sales channels, the two companies announced Thursday.The move is an attempt to gain a competitive edge over established alliances between rival financial...
If the 'Big One' hits, this city could face a 31-meter-high tsunami
A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
Delta routes new Airbus plane to Tokyo to sidestep Trump tariffs
Delta Air Lines signage on the floor of the New York Stock Exchange in New York on April 9. The airline is flying a new Airbus SE plane through Japan to skirt U.S. import tariffs.
High levels of PFAS found in blood of Osaka factory workers
The levels of a type of "forever chemical" found in seven current and former employees at Daikin Industries' Yodogawa plant in Osaka Prefecture were about 38 times those for nearby residents, according to a survey conducted by a team including Kyoto University.
Could this be Japan’s year at the Kentucky Derby?
Christophe Lemaire rides Admire Daytona, who was bred in Japan, during the UAE Derby at Meydan Racecourse in Dubai on April 5.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
U.S. secretary of the navy weighs ‘dual-use’ shipbuilding with Japan
John Phelan at a Senate confirmation hearing for U.S. secretary of the navy in Washington in February

Podcast

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

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
By Alex K.T. Martin

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