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JAPAN
Jan 22, 1999

New Keizai Doyukai chief aims to revise Japan's image

Fuji Zerox Co. Chairman Yotaro Kobayashi, the newly appointed chairman of the Japan Association of Corporate Executives (Keizai Doyukai), expressed hope Friday that he will be able to give foreigners a clear picture of a changing Japan in his new position.
JAPAN
Jan 20, 1999

Daiei president steps down to speed restructuring efforts

Daiei Inc. Chairman and President Isao Nakauchi, who established the nation's largest supermarket chain operator, relinquished his post as president to accelerate its restructuring efforts, Daiei officials said Wednesday.
JAPAN
Jan 20, 1999

Vietnamese premier to visit Tokyo

Vietnamese Prime Minister Phan Van Kai will make his first official visit to Tokyo in March to seek more Japanese support for the Southeast Asian country's desperate efforts to overcome fallout from the continued regional economic crisis, government sources said Wednesday.
EDITORIALS
Jan 19, 1999

A regional test for Japan

If the International Monetary Fund today serves, in effect, as a tough lender of last resort globally, Japan last year gave itself the role of a friendly neighborhood bank in East Asia. That choice has proved timely, but it has become more challenging as the new year began. Unsettling news from two places...
JAPAN
Jan 19, 1999

Mitsui, Chuo Trust plan biggest trust bank in 2000

Mitsui Trust & Banking Co. and Chuo Trust & Banking Co. announced Tuesday that they have reached basic agreement to merge in April 2000 to become the nation's biggest trust bank with a combined capital of more than 40 trillion yen.
EDITORIALS
Jan 16, 1999

Coalition's anticlimactic debut

The curtain rose Thursday on the new conservative coalition government to reveal just one more unimpressive performance of the same old political drama. Much had been said and written about the apparent significance of the realignment, but it seems to have ended up as essentially just another political...
JAPAN
Jan 12, 1999

Deaths spur probe into telephone messaging business

The Posts and Telecommunications Ministry will begin an investigation into the status of telephone message dating services in the country.
JAPAN
Jan 12, 1999

Nikkeiren puts security of jobs ahead of wages

The Japan Federation of Employers' Association (Nikkeiren) on Tuesday publicized its annual labor report, which for the first time recommended reducing overall personnel costs through the "shunto" annual spring wage bargaining round this year.
JAPAN
Jan 11, 1999

Japan, EU to halt WTO action on 'Burma Law'

Japan and the European Union will ask the World Trade Organization to indefinitely suspend procedures to settle their row with the United States over a sanctions law against Myanmar, government sources said Monday.
JAPAN
Jan 11, 1999

Winter, jobless chill descends upon Osaka's homeless

"As things stand now, I have no way but to die by the roadside. Even if I get a job, I'm too weak to work," said a 60-year-old former day-laborer who has been homeless for five months.
JAPAN
Jan 6, 1999

Century of Change: Foreign press find Japan tough to figure

In 1890, an Irish-born writer of limited success found his spiritual home after arriving upon the shores of what was then considered by the West to be the world's most exotic country.
JAPAN
Jan 5, 1999

Century of Change: Job security feels tug of evolution

More than two decades ago — just as Japan was impressing the world by emerging from the first oil crisis with a leaner economy — Taichi Sakaiya, now head of the Economic Planning Agency, warned in a novel that the nation would face a midlife crisis before the turn of the century.
JAPAN
Jan 5, 1999

Lawyers see pain as consumers navigate investment risks

As the government's "Big Bang" financial deregulation moves into full gear, there is growing concern among lawyers that there has been one-sided emphasis on consumer responsibility for making investments at their own risk.
EDITORIALS
Jan 1, 1999

Testing times ahead for Mr. Obuchi

The administration of Prime Minister Keizo Obuchi, inaugurated just five months ago, faces in the coming year a real test of its ability to achieve its most urgent goal: lifting the economy out of two years of negative growth. A failure to meet that challenge could further erode public confidence in...
JAPAN
Dec 30, 1998

TSE ends trading year on lackluster note

The Tokyo Stock Exchange ended Wednesday, the year's last trading day, on a lackluster note amid lingering worries about bleak economic prospects.
JAPAN
Dec 25, 1998

Cabinet OKs 52.89 trillion yen 'zaito'

The Cabinet on Friday approved a 52.89 trillion yen fiscal investment and loan program, known as "zaito," for fiscal 1999, 5.9 percent more than that for the current year.
JAPAN
Dec 25, 1998

NCB chief talks of new challenge

The new president of Nippon Credit Bank, which was nationalized earlier this month, promised on Friday that the bank will strive to quickly regain financial health and shake off government control.
JAPAN
Dec 23, 1998

LTCB in trouble over hidden loan guarantees

The nationalized Long-Term Credit Bank of Japan kept off its books 62 billion yen in loan guarantees that it promised to its affiliated moneylender, in a possible violation of the Securities and Exchange Law, financial sources said Wednesday.
JAPAN
Dec 23, 1998

Hibiya stacks in danger of closing

Tokyo's 90-year-old Hibiya Library may close one year from now unless the capital's financially troubled metropolitan government comes to the rescue.
JAPAN
Dec 23, 1998

Panel suggests hiking consumption tax, sees 2% growth

The economy has the potential to achieve 2 percent annual growth, and drastic structural reforms could put it on a full-scale recovery path, according to an interim policy package announced Wednesday by the Economic Strategy Council.
JAPAN
Dec 22, 1998

Kato takes over Miyazawa faction; 15 defect

Former Liberal Democratic Party Secretary General Koichi Kato took the helm of Finance Minister Kiichi Miyazawa's LDP faction Tuesday, after 15 members departed in dissent.
JAPAN
Dec 22, 1998

Defense Agency reprimands 42 for hiding files before raid

The Defense Agency reprimanded 42 senior Self-Defense Forces officers on Tuesday for the hiding of documents by uniformed SDF personnel around the time of a September raid on the agency.
JAPAN
Dec 22, 1998

Obuchi to give back half of bonus

Prime Minister Keizo Obuchi told a regular Cabinet meeting that he plans to return half of the bonus he received earlier this month, Chief Cabinet Secretary Hiromu Nonaka said Tuesday.
JAPAN
Dec 21, 1998

52.78 trillion yen 'zaito' draft targets credit crunch

The Cabinet on Monday approved a draft for a 52.78 trillion yen fiscal investment and loan program for fiscal 1999, up 5.7 percent from the current year.
JAPAN
Dec 16, 1998

LDP finalizes record 9.3 trillion yen tax cut plan

The ruling Liberal Democratic Party finalized a large package of tax revisions Wednesday allowing for a record 9.3 trillion yen in tax cuts for fiscal 1999.
JAPAN
Dec 10, 1998

Wife gets 15 years in spouse's slaying

A 41-year-old woman was sentenced to 15 years in prison Thursday for conspiring with her lover to kill her husband for insurance money.
JAPAN
Dec 10, 1998

Ex-employee's organ links Hayashi to another death

WAKAYAMA -- A deceased 27-year-old ex-employee of Kenji Hayashi, whose wife, Masumi, was served an arrest warrant Wednesday for allegedly murdering four people and trying to kill 63 others by lacing their curry with arsenic, has pointed a finger from the grave to implicate her in yet another arsenic-related...
JAPAN
Dec 9, 1998

LDP proposes housing loan tax breaks

The tax panel of the ruling Liberal Democratic Party agreed Wednesday to propose radical tax breaks for housing loans for fiscal 1999, calling the allowance "the largest issue" in the government's efforts to stimulate the moribund economy.
JAPAN
Dec 7, 1998

Norota apologizes for second batch of wandering documents

Defense Agency Director General Hosei Norota admitted Monday that some uniformed officers of the Self-Defense Forces moved procurement-related documents out of their offices prior to the September raid on the agency.
JAPAN
Dec 7, 1998

Hiroshima mayor's refusal to run laid to economic woes

HIROSHIMA -- The announcement by Hiroshima Mayor Takashi Hiraoka that he will not seek a third term has thrown next year's election into uncertainty.

Longform

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