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JAPAN
Apr 15, 1998

Washington just returning the favor, Foley says

A decade ago Japan urged the United States to cut its fiscal deficit and increase savings, and now Washington is taking a turn to prod Tokyo into rejuvenating the Japanese economy, U.S. Ambassador Thomas Foley said April 15.
JAPAN
Apr 14, 1998

MITI may ease capital criteria for loans to smaller businesses

As part of its forthcoming economic stimulus package, the government may expand limits on the amount of capital that retailers and wholesalers can have when borrowing money from governmental financial institutions, trade chief Mitsuo Horiuchi said April 14.
JAPAN
Apr 14, 1998

Authorities denounce IMF no-growth estimate

Financial authorities expressed disagreement April 14 with an International Monetary Fund economic outlook that put the nation's growth at zero for this year.
JAPAN
Apr 14, 1998

Hospital group leader Yasuda sent up for fraud

OSAKA -- The Osaka District Court sentenced the former head of the Yasuda hospital group to three years in prison April 14 and fined him 1 million yen for swindling local governments out of 590 million yen.
JAPAN
Apr 14, 1998

Russia turmoil mars Yeltsin treaty quest

First of two parts
JAPAN
Apr 13, 1998

Traffic light concern suspected of tax evasion, police ties

A business group that maintains traffic control systems in eastern Japan is suspected of evading 500 million yen in taxes and hiding more than 1 billion yen in income, informed sources said April 13.
JAPAN
Apr 9, 1998

Mbeki urges accurate view of Africa

Citing a first-century Roman writer who depicted Africans as strange, monstrous creatures, South African Deputy President Thabo Mbeki said that almost 2,000 years later, the world still has not shed this view.
JAPAN
Apr 9, 1998

Acquisitions process said key barrier to foreign investment

While there are effectively no legal barriers, difficulty in carrying out corporate acquisitions poses a major obstacle to boosting foreign investment in Japan, says James Abegglen, a leading expert on Japanese business affairs.
JAPAN
Apr 8, 1998

Hilton execs looking to expand presence in Japan

Staff writer
JAPAN
Apr 7, 1998

Matsunaga cautious on income tax cuts

Finance Minister Hikaru Matsunaga took a cautious stance April 7 toward the use of large-scale income tax cuts as an economic stimulus measure, noting that personal spending is falling even though disposable income is not declining.
JAPAN
Apr 6, 1998

Marusan Securities probed for possible breach of trust

Police have questioned Marusan Securities Co. about its rationale for shouldering most of a loss incurred by an affiliated company, the president of the midsize brokerage house said April 6.
JAPAN
Apr 6, 1998

Sony chairman Ohga to fill Keidanren post

The Japan Federation of Economic Organizations (Keidanren) on April 6 announced it will appoint Chairman Norio Ohga of Sony Corp. as one of its vice chairmen.
JAPAN
Apr 3, 1998

New women in workforce cite gender inequality

Nearly 80 percent of women who began working at companies in Tokyo this month said they believe gender inequality remains in the workplace in Japan. However, 64.1 percent of their employers do not think so, according to a survey released by the Tokyo Metropolitan Government on Friday.
JAPAN
Apr 1, 1998

1.2 million welcomed to nation's workforce

An estimated 1.2 million people joined the workforce Wednesday as companies and government institutions throughout the country held entrance ceremonies to welcome their new recruits.
JAPAN
Apr 1, 1998

Matsunaga sticks to guns on reform

Efforts at fiscal reform might have slowed down, but the government's basic goal of fiscal reconsolidation must not be abandoned, Finance Minister Hikaru Matsunaga said during a new conference Wednesday.
JAPAN
Mar 30, 1998

Foreign hires bring hope for improved workplaces

Japanese businesspeople hope that the hiring of non-Japanese employees will lead to the introduction of the merit system, according to a survey released Monday.
JAPAN
Mar 27, 1998

Nippon Yusen to take over Showa Line

Nippon Yusen K.K., the country's leading maritime transport firm, will merge with Showa Line Ltd. in October, top executives of the two carriers announced March 27.
JAPAN
Mar 26, 1998

Rogue copper trader draws eight-year prison term

Yasuo Hamanaka, a former chief copper trader at Sumitomo Corp., was sentenced to eight years in prison March 26 for fraud and forgery that eventually cost the trading giant some $2.6 billion -- the largest trading loss ever.
JAPAN
Mar 24, 1998

Ministries to mull more flexible uses for postal savings

Finance Minister Hikaru Matsunaga said Tuesday that the ministry was prepared to begin discussions with the Posts and Telecommunications Ministry on the more flexible use of postal savings to purchase stocks.
JAPAN
Mar 24, 1998

Hayami puts trust in market

The new Bank of Japan governor is raising his eyebrows at the government's reported plan to inject public funds into the stock market to keep it afloat, instead preferring to let things be decided by market forces.
JAPAN
Mar 23, 1998

Mitsui Marine plans Hungary entry

Mitsui Marine & Fire Insurance Co. will set up a representative office in Budapest to cultivate the emerging market of Eastern Europe, the company said Monday.
JAPAN
Mar 20, 1998

Hong Kong denies plan for Olympics

Staff writer
JAPAN
Mar 20, 1998

Hayami takes helm of Bank of Japan

Masaru Hayami took the helm as governor of the trouble-stricken Bank of Japan on March 20, emphasizing the need for the central bank to protect its independence and ensure transparency in policymaking as the revised BOJ Law takes effect April 1.
JAPAN
Mar 19, 1998

Diet passes bill to give corporate status to NPOs

The Diet passed a revised bill March 19 that will give corporate status to volunteer and other citizens' groups for the first time by recognizing them as official nonprofit organizations.
JAPAN
Mar 19, 1998

GE Capital receives insurance license

The Finance Ministry on March 19 issued an operating license to GE Capital Edison Life Insurance Co., a new insurer to be set up jointly by Toho Mutual Life Insurance Co. and leading U.S. nonbank financial firm GE Capital Services Inc.
JAPAN
Mar 19, 1998

Aum Three Years Later: Cult seen on steady path to rebirth

Second of three parts
JAPAN
Mar 19, 1998

DDI, Teleglobe to join on international services

DDI Corp., and Teleglobe Japan Inc., an affiliate of Montreal-based Teleglobe International Inc., jointly announced March 19 that they have signed an agreement in principle for international connections to offer inexpensive international telephone service, starting from October.
JAPAN
Mar 19, 1998

Habibie says Indonesia mulling basket for rupiah

Jusuf Habibie, Indonesia's new vice president, said March 19 that his country is mulling a currency basket for its battered rupiah, according to officials of the Japan Federation of Economic Organizations (Keidanren).
JAPAN
Mar 13, 1998

Three banks receiving public funds will trim 2,900 staff

Three of the four commercial banks that officially qualified March 13 for a capital injection of public funds will cut a total 2,900 employees over the next three years as part of their restructuring plans.
JAPAN
Mar 12, 1998

Matsushita offers to quit for BOJ bribery scandal

Bank of Japan Gov. Yasuo Matsushita has offered to resign to take the blame for the arrest of a BOJ official who allegedly took bribes from commercial banks, Prime Minister Ryutaro Hashimoto said March 12.
Why are rice prices still high in Japan?
Amid shortages, the price of a 5-kilogram bag of rice during the week of April 14 was ¥4,220.
Police arrest man after body of ex-girlfriend found under his home
Hideyuki Shirai (center) at Tokyo's Haneda Airport on Saturday
Dollar’s decline is fueling dislocations across Asian currencies
A worker counts U.S. dollar banknotes at a currency exchange office in Jakarta, Indonesia, in 2022.
Worker shortage forcing home care providers to turn away clients, survey finds
A survey by a labor union of home care business operators and care managers found that nearly 90% of facility managers had turned down service requests at least once during the past year, citing insufficient staffing.
Tariff talks with U.S. seen influencing Japan's Upper House election
Prime Minister Shigeru Ishiba speaks to reporters about Japan-U.S. tariff negotiations at his official residence on Saturday.
Why are rice prices still high in Japan?
Amid shortages, the price of a 5-kilogram bag of rice during the week of April 14 was ¥4,220.
Plug and Play wants to help Japanese startups go global
Phillip Vincent (right), Japan CEO of Plug and Play, and Ma Jingqian, head of ventures, at Plug and Play's Tokyo office, last month
Kotomi Li: 'I refuse to choose death'
Since 2017, Kotomi Li has won some of Japan’s top literary awards and built a formidable career in the face of persistent online harassment. “Authors are tenacious creatures to begin with,” she says.
Want to see the future at the Osaka Expo? Get in line.
“‘Future of life,’ by Ishiguro,” the World Expo pavilion by roboticist Hiroshi Ishiguro, displays humanlike androids.
Despite shifts in Japan's political landscape, constitutional revision still far off
Prime Minister Shigeru Ishiba has been a staunch advocate for constitutional reform.

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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