Search - news

 
 
JAPAN
Sep 4, 1998

Nissan plans transmission firm in 1999

Nissan Motor Co. will establish a new automatic transmission manufacturing company in the summer of 1999, the company said Friday.
JAPAN
Sep 4, 1998

Miyazawa urges review of bank-screening criteria

Screening criteria to determine whether public funds should be infused into banks should be revised, Finance Minister Kiichi Miyazawa indicated Friday, saying the current standards are difficult to understand.
JAPAN
Sep 3, 1998

Hitachi to post 100 billion yen loss, slash work force

Hitachi Ltd. will post pretax losses of 100 billion yen in the 1998 business year to next March 31, marking its first plunge into red ink for the postwar period, company officials announced in revised earnings forecasts Thursday.
JAPAN
Sep 2, 1998

Kan airs views on LTCB issue

Naoto Kan, president of the Democratic Party of Japan, called on the government and the ruling Liberal Democratic Party Wednesday to establish clear rules for dealing with the ailing Long-Term Credit Bank of Japan, indicating he is not necessarily opposed to the injection of public funds to save the...
JAPAN
Sep 1, 1998

L.A. tourist bureau opens full-time branch in Tokyo

The Los Angeles Convention & Visitors Bureau has opened in Tokyo its first full-time international office outside North America, delegates from the city announced Tuesday.
JAPAN
Aug 31, 1998

Sakura seeks to raise 300 billion yen in share issue

Sakura Bank plans to increase its capital by about 300 billion yen within this fiscal year by requesting major firms under the Mitsui group, the bank's largest shareholder, and other clients to purchase new shares, bank officials said Monday.
JAPAN
Aug 27, 1998

Huddle held on teamwork in Diet

The heads of three opposition parties pledged on Thursday to strengthen their cooperation.
JAPAN
Aug 26, 1998

Nonaka urges execs to return retirement bonuses

Chief Cabinet Secretary Hiromu Nonaka put indirect pressure Wednesday on former executives of the ailing Long-Term Credit Bank of Japan to return their lump-sum retirement grants.
JAPAN
Aug 26, 1998

No state policy set on bank mergers, Miyazawa claims

Finance Minister Kiichi Miyazawa denied Wednesday that the government already has a set policy of supporting future mergers involving major banks.
JAPAN
Aug 25, 1998

Defense chief intends Okinawa visit before U.S. talks

Defense Agency chief Fukushiro Nukaga told reporters Tuesday he will visit Okinawa before he meets the U.S. secretaries of defense and state in late September.
JAPAN
Aug 25, 1998

Minister's new home defended as legitimate buy

Deputy Chief Cabinet Secretary Muneo Suzuki purchased a new house in Tokyo's Minato Ward last June while serving as chief of the Hokkaido and Okinawa Development agencies, despite an informal agreement that serving ministers would refrain from such purchases, it was learned Tuesday.
JAPAN
Aug 24, 1998

Nissan remodels its Avenir for domestic wagon market

Nissan Motor Co. launched the fully revamped Avenir wagon to the domestic market Monday, featuring smoother handling and better use of space, top executives of the firm said.
JAPAN
Aug 24, 1998

Nonaka says he's ready to meet Ota

Chief Cabinet Secretary Hiromu Nonaka said Monday he is ready to hold talks with Okinawa Gov. Masahide Ota without imposing any conditions.
JAPAN
Aug 21, 1998

Skymark takes delivery of 767 for first paying flight

A Boeing 767-300, the first jetliner in the fleet of Skymark Airlines Co., the only new entry in the country's aviation industry in 35 years, arrived at Tokyo's Haneda airport Friday from Seattle prior to its initial commercial flight on Sept. 19.
JAPAN
Aug 21, 1998

Obuchi tells Cabinet to fix credit crunch

Prime Minister Keizo Obuchi instructed his Cabinet ministers Friday to step up efforts to ease the ongoing credit crunch surrounding small and medium-size enterprises.
JAPAN
Aug 21, 1998

LTCB announces plan to restructure

The troubled Long-Term Credit Bank of Japan on Friday announced a restructuring plan in which three top executives will resign and its 13 overseas outlets will close.
JAPAN
Aug 21, 1998

Japan doesn't know whether it supports U.S. missile attacks

Japan expressed its support Friday for Washington's "firm attitude" against terrorism but reserved its position on the U.S. bombing of terrorist-linked sites in Sudan and Afghanistan.
JAPAN
Aug 20, 1998

Nonaka rejects budgetary discussions with Ota

Chief Cabinet Secretary Hiromu Nonaka said Thursday he has decided not to meet with Okinawa Gov. Masahide Ota, at least for the time being, because he cannot expect "constructive" discussion with the governor.
JAPAN
Aug 20, 1998

Obuchi denies news reports of LTCB fund infusion plan

Prime Minister Keizo Obuchi denied media reports Thursday that the government has decided to inject public funds into the ailing Long-Term Credit Bank of Japan to expedite LTCB's proposed merger with Sumitomo Trust & Banking Co.
JAPAN
Aug 19, 1998

TBWA to buy majority stake in ad firm Nippo

TBWA Worldwide, the world's ninth-largest advertising agency network, will acquire a majority stake in Nippo Corp., a Japanese advertising agency affiliated with Nissan Motor Co., top executives of the three firms announced Wednesday.
JAPAN
Aug 19, 1998

Nonaka eases stance on Okinawa

Chief Cabinet Secretary Hiromu Nonaka said Wednesday he will welcome "constructive" exchanges with Okinawa Gov. Masahide Ota to resolve the issue of U.S. military bases in the prefecture.
JAPAN
Aug 18, 1998

Focus: Nanjing Massacre can't shake ever-changing spin

Iris Chang's controversial book "The Rape of Nanking," which came out last December in the United States, has rekindled debate in Japan over the incident.
JAPAN
Aug 18, 1998

Six execs, four scholars named to economic council

The chairman of Asahi Breweries Ltd. and nine others were officially appointed Tuesday to the new Strategic Economic Council, a special advisory panel to Prime Minister Keizo Obuchi.
JAPAN
Aug 17, 1998

JAL officials admit payoffs to 'sokaiya'; pair arrested

Police arrested two members of a "sokaiya" corporate extortionist group Monday on suspicion of receiving about 23 million yen over 2 1/2 years from Japan Airlines Co. in violation of the Commercial Code.
JAPAN
Aug 17, 1998

Nonaka now willing to discuss U.S. bases with Ota

Softening his earlier stance, Chief Cabinet Secretary Hiromu Nonaka said Monday he is willing to meet with Okinawa Gov. Masahide Ota Thursday afternoon to discuss the realignment of U.S. military bases in Okinawa, as long as his Diet schedule allows.
JAPAN
Aug 14, 1998

Major banks should merge rather than fail, Hayami says

The nation's 19 major banks should be prevented from failing at all costs, Bank of Japan Gov. Masaru Hayami indicated, adding that troubled institutions should be merged with healthy ones instead of being left to collapse.
JAPAN
Aug 13, 1998

Expand 'bridge bank' plan to majors, Hayami urges

Bank of Japan Gov. Masaru Hayami hinted Thursday that the government's "bridge bank" plan to enable fund flows to continue to sound borrowers at failed financial institutions should also be applied to the nation's 19 major banks.
JAPAN
Aug 12, 1998

0.76% wage hike urged for civil servants

The National Personnel Agency urged the Diet and the government Wednesday to pay an average 0.76 percent wage increase (2,785 yen excluding a periodical wage hike) to civil servants this year, effective from April 1. It also suggested that bureaucrats stop receiving pay raises at age 55, instead of the...
JAPAN
Aug 10, 1998

Asian Women's Fund remains official sex slave redress policy

The government maintained its stance Monday of promoting the Asian Women's Fund to extend money to women who were forced to provide sex to Japanese soldiers before and during the war.
JAPAN
Jul 30, 1998

Housing Loan chief tells Cabinet to show, not tell

The outspoken head of the Housing Loan Administration Corp. on Thursday called on the new Cabinet of Prime Minister Keizo Obuchi to use actions, not words, to tackle the problems plaguing the nation.

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