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JAPAN
Oct 19, 1998

It's definite: LTCB in capital deficit

The Financial Supervisory Agency has decided that the Long-Term Credit Bank of Japan was in capital deficit as of Sept. 30, the end of the first half of this fiscal year, FSA officials said Monday.The FSA audited LTCB's books by measuring its securities and real estate assets at market value instead...
JAPAN
Oct 15, 1998

JNR repayment plan wins Diet approval

Laws for disposing of 27.8 trillion yen in debts left behind by the now-defunct Japanese National Railways were enacted Thursday when the Upper House approved the measures by a margin of 129-113.Under the laws, the huge debts will be disposed of over 60 years, mostly by using taxpayer money and by requiring...
JAPAN
Oct 8, 1998

Kim prods Japan to lead Asia's recovery

Liberalization of the Japanese market and expansion of domestic demand in Japan are critically important to resuscitate the Asian economy, South Korean President Kim Dae Jung stressed Thursday in Tokyo."Now is the time for Japan to take the initiative to revive the Asian economy," which is in the midst...
JAPAN
Oct 1, 1998

Business sentiment sinks

Business sentiment at Japanese firms has worsened over the past three months as the nation's economic malaise remains untreated, according to the Bank of Japan's quarterly "tankan" survey released Thursday.The results underline the need for the government to quickly implement steps to boost domestic...
JAPAN
Sep 24, 1998

Nissan sells head office in restructuring effort

In an effort to strengthen its financial position, Nissan Motor Co. on Thursday sold one of its two head office buildings in Ginza, an upscale shopping district in Tokyo, to Mori Building Development Co. and affiliate Mori Building Sangyo Co., the firm said.
JAPAN
Sep 3, 1998

Service industry index dips 0.8 point

The index of service industry activities dropped by 0.8 point for the April_June period from the previous quarter, marking a decline for the third consecutive quarter due to the economic slump, the International Trade and Industry Ministry said Thursday.
JAPAN
Sep 1, 1998

No to independent liquidation panel, Miyazawa says

While upholding the government's readiness to compromise with the opposition, Finance Minister Kiichi Miyazawa refused to accept Tuesday the idea of setting up independent authorities to supervise the liquidation of failed financial institutions.
JAPAN
Aug 27, 1998

Opposition slams handling of LTCB, demands disclosure

Opposition parties on Thursday harshly criticized the government's handling of the troubled Long-Term Credit Bank of Japan during a Lower House committee meeting that resumed after a one-day opposition-camp boycott.
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 21, 1998

Trading house Okura declared bankrupt

Okura & Co. became the nation's third-largest corporate failure in 1998 on Friday as the Tokyo District Court declared the venerable institution bankrupt with 288.3 billion yen in group liabilities.
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 11, 1998

Miyazawa sorry for mismanaging the bubble days

Finance Minister Kiichi Miyazawa offered an apology Tuesday at the Diet for errors he made in fiscal and monetary policies before and after the bubble economy of the late 1980s.
JAPAN
Jul 8, 1998

Hospital sign threatens illegal immigrants

Staff writer
JAPAN
Jun 30, 1998

Sumitomo Bank sued over failed 'jusen' loans

A government-backed loan recovery body filed a 4.83 billion yen damages suit Tuesday against Sumitomo Bank, alleging it played a role in the "jusen" housing-loan company fiasco.
JAPAN
Jun 17, 1998

Diet enacts '98 supplementary budget

Diet enacted the fiscal 1998 supplementary budget Wednesday night, paving the way for the long-awaited implementation of the government's 16 trillion yen stimulus package.
JAPAN
Jun 17, 1998

Partytalk: Kato vows to attack bad loans

Second in a series
JAPAN
Jun 8, 1998

Finance Ministry takes a step toward transparency

The Finance Ministry announced Monday it has abolished 382 of its 400 nonlegal official notices, or "tsutatsu," in a bid to promote transparency in its supervision of financial institutions.
JAPAN
May 28, 1998

Diet to receive bills on banks' bad loans

A joint task force of the government and the ruling alliance on banks' bad loans agreed Thursday to submit several bills to the next Diet session in an attempt to facilitate an economic recovery.
JAPAN
May 28, 1998

Automakers suffered at home in '97

Japan's five major automakers suffered domestically during the 1997 business year, which ended March 31, but three managed to boost profits on increased sales abroad.
JAPAN
May 27, 1998

Nissan posts 14 billion yen net loss

Nissan Motor Co. on Wednesday reported a consolidated net loss of 14 billion yen in the year that ended March 31.
JAPAN
May 26, 1998

Keidaneren chief urges drastic reform to lift economy

Unless drastic reforms are carried out in Japan's financial and taxation systems, the government's latest stimulus package will have only a temporary effect on the economy, the new chief of the Japan Federation of Economic Organizations (Keidanren) warned Tuesday.
JAPAN
May 15, 1998

Weak economy means big business for movers

Staff writer
JAPAN
May 11, 1998

Cabinet approves supplementary budget draft

The Cabinet approved drafts Monday for a fiscal 1998 supplementary budget, with actual spending reaching 6.1 trillion yen, and a bill for revision of the Fiscal Structure Reform Law to initiate an economic stimulus package worth more than 16 trillion yen.
JAPAN
Apr 30, 1998

Crisis in Asia: Taiwan urged to assist struggling neighbors

Although the stability of Taiwan's economy stands out amid the financial crisis in Asia, the island cannot remain an idle spectator as neighbor countries suffer, according to Wei-Te Liu, executive adviser of the Coordinating Council on Sino-Japanese Business Affairs.
JAPAN
Apr 29, 1998

Asahi Juken allegedly enlisted other realtors for fraud

OSAKA -- Asahi Juken, a real estate company whose president and three other executives were arrested Tuesday on suspicion of defrauding 600 million yen from creditors, had other realtors mediate in its property deals and divert about 1 billion yen of their commission to its group companies, police sources...
JAPAN
Mar 17, 1998

Campaigns begin for empty Lower House seat

Six candidates officially started campaigning early March 17 for a March 29 Lower House by-election to fill the Tokyo No. 4 constituency seat left vacant by Shokei Arai, who last month hanged himself shortly before he was to be arrested over illicit profits from Nikko Securities Co.
JAPAN
Mar 5, 1998

JCCI chief wants 5 trillion yen more in tax cuts

The government should implement additional tax cuts worth 5 trillion yen because there is an urgent need to stimulate consumption in the current economic situation, the head of the Japan Chamber of Commerce and Industry said Thursday.
JAPAN
Feb 20, 1998

LDP unveils latest plan to reinvigorate economy

The ruling Liberal Democratic Party on Friday unveiled its fourth stimulus package, hoping to boost confidence in the economy before the March 31 end of the fiscal year.
JAPAN
Feb 20, 1998

Highlights of stimulus package

Following are some of the measures outlined in the Liberal Democratic Party's economic stimulus package that was announced Friday:
JAPAN
Feb 19, 1998

Foreigners in Tokyo on the rise again

The number of foreign residents of Tokyo is rising again after dipping when the economic bubble burst in the early 1990s, according to a report released Thursday by Mori Building Shoji Co.
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

Fujitsu crafts sustainable innovation for itself, society
Fujitsu crafts sustainable innovation for itself, society

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