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JAPAN
Jan 13, 1998

Bankers adopt U.S.-style disclosure rules for bad loans

The Federation of Bankers Associations of Japan adopted on Tuesday stricter disclosure standards on banks' bad loans, modeled on U.S. standards.Under the new rules, for example, banks will be obliged to release their figures for nonperforming loans if the borrower does not pay interest for three months...
JAPAN
Jan 12, 1998

Horiuchi tells EC recovery coming in April

Trade chief Mitsuo Horiuchi assured European Commission Vice President Leon Brittan on Monday that the Japanese economy will soon return to a stable recovery driven by domestic demand.During his meeting with Brittan, Horiuchi said a range of economic pump-priming measures, including 2.3 trillion yen...
JAPAN
Jan 12, 1998

Japan and Britain address Asia crisis

Japan and Britain shared concerns Monday over the recent instability of the Indonesian rupiah but agreed that South Korea is making progress in escaping its economic quagmire, according to a senior Japanese government official.Visiting British Prime Minister Tony Blair met with Finance Minister Hiroshi...
JAPAN
Jan 12, 1998

Ex-Taiheiyo broker grilled over fund misuse

OSAKA -- Police are questioning a former Taiheiyo Securities Co. employee on suspicion of misusing more than 300 million yen in his client's fund, informed sources said Monday.They said the former acting sales chief at the Umeda branch here received more than 300 million yen from a client between March...
JAPAN
Jan 12, 1998

WorldCom to expand Japanese base

WorldCom Japan Ltd., a subsidiary of U.S.-based WorldCom Inc., said Monday it will expand its presence in the Japanese telecommunications market by establishing its own fiber-optic network.As deregulation is slated to begin this month, WorldCom, which currently holds a Type II carrier license, will...
JAPAN
Jan 12, 1998

Imai officially tapped by Toyoda to head Keidanren

Shoichiro Toyoda, chairman of the Japan Federation of Economic Organizations (Keidanren), announced Monday that he has chosen Takashi Imai, president of Nippon Steel Corp., to succeed him at the helm of the nation's largest business organization.The announcement was made at a regular meeting of Keidanren's...
JAPAN
Jan 8, 1998

Heavy snow blankets Tokyo region

Tokyo and its surrounding areas were hit by heavy snow Thursday which disrupted traffic and prompted the Meteorological Agency to issue the capital a heavy snow warning -- its first in two years.The snowfall played havoc with Tokyo's highly organized transportation system, forcing train delays in several...
JAPAN
Jan 6, 1998

Hashimoto renews pledge to reform economy

With the leaders of the four leading economic organizations before him, Prime Minister Ryutaro Hashimoto renewed on Tuesday his pledge to make the greatest efforts to rebuild the economy and stabilize the financial system."The government will do its best to make this new year a good one for the nation,"...
JAPAN
Dec 31, 1997

Hashimoto to stay in charge by default, despite recession

Staff writer
JAPAN
Dec 31, 1997

DKB suspected of wining, dining in loan coverup

Dai-Ichi Kangyo Bank officials wined and dined Finance Ministry officials while the bank was under a ministry investigation in 1994, and they are suspected of prodding the ministry into issuing a favorable report on its bad loans, sources said Wednesday.
JAPAN
Dec 30, 1997

Nikkei average ends year with 3.3% leap past 15,000

Providing the market with a bit of optimism after a turbulent year, Tokyo share prices rebounded strongly Tuesday, the final trading day of 1997, on a bout of futures-related buying.
JAPAN
Dec 26, 1997

Another 'tobashi' brokerage found during probe

The result of a Finance Ministry probe released Friday showed that another securities firm has been involved in "tobashi" transactions.
JAPAN
Dec 25, 1997

Slim second budget approved for '98

The Cabinet on Thursday approved the final version of the government's general investment and loan program for fiscal 1998, which accounts for a total 36.66 trillion yen, down 6.8 percent from the current year.
JAPAN
Dec 25, 1997

Nifco buys out overseas partners

Nifco Inc. bought out its two overseas partners in plastic parts ventures and turned them into subsidiaries this week.
JAPAN
Dec 25, 1997

Osaka reveals abuse of 1.33 billion yen in taxpayers' funds

OSAKA -- Osaka Gov. "Knock" Yokoyama formally announced here Thursday that 1.33 billion yen in taxpayers' money was misused by the prefectural government between 1994 and 1997.
JAPAN
Dec 24, 1997

Finance pushes back key banking reform

In a bid to end a cautious trend in bank lending, the Finance Ministry said Wednesday it will essentially push back by one year the planned introduction of stricter capital requirements for banks operating solely in Japan.
JAPAN
Dec 23, 1997

Maruso Securities files for bankruptcy

Midsize brokerage house Maruso Securities Co. filed a petition Tuesday with the Tokyo District Court for permission to start voluntary bankruptcy proceedings, court officials said.
JAPAN
Dec 22, 1997

Daiwa Bank, IBM form data managing venture

Daiwa Bank and IBM Japan Ltd. said Monday they have agreed to form a joint venture that will develop and operate information systems for the commercial bank.
JAPAN
Dec 19, 1997

Shares and yen tumble as credit crunch worsens

Share prices and the yen came under severe selling pressure Friday in Tokyo amid reports that a credit crunch has forced a major food trader out of business.
JAPAN
Dec 18, 1997

Seamen left high and dry as tunnel's opening celebrated

KISARAZU, Chiba Pref. -- It was the day to hang up their sea boots after decades on the sea.
JAPAN
Dec 18, 1997

New Osaka train line speeds up bay route

OSAKA -- Technoport Line, a new train line linking existing subway and monorail lines, opened here Thursday, offering better access to the Osaka Bay area.
JAPAN
Dec 15, 1997

Japan, U.S. air out aviation differences

The United States and Japan ended the first day of round six of their official civil aviation talks Monday at the Transport Ministry by reconfirming their differences on key issues in the protracted dispute.
JAPAN
Dec 15, 1997

LDP to approve 10 trillion yen bond package for DIC

The ruling Liberal Democratic Party on Monday finalized details of its financial stabilization package, featuring 10 trillion yen in government bonds for Deposit Insurance Corp. to help recapitalize troubled financial institutions.
JAPAN
Dec 15, 1997

LDP panel formulates corporate tax cut agreement

The Liberal Democratic Party's tax panel reached a rough agreement Monday to reduce the basic corporate tax rate by 3 percentage points in fiscal 1998, leading to a net reduction of roughly 330 billion yen in corporate taxes, senior panel officials said.
JAPAN
Dec 11, 1997

Japan ripe for opening to foreign investment, Foley says

The time is right for Japan to implement policy changes to eliminate barriers to foreign investment and encourage more cross-border mergers and acquisitions, U.S. Ambassador Thomas Foley said Thursday in Tokyo.
JAPAN
Dec 11, 1997

Cabinet withstands no-confidence motion

Claiming that Prime Minister Ryutaro Hashimoto is incapable of running the government, Shinshinto introduced a no-confidence motion Thursday to the Diet.
JAPAN
Dec 10, 1997

Outline of financial stability plan addresses DIC, liquidity

A Liberal Democratic Party subcommittee debating steps to stabilize the financial system basically agreed Wednesday on a broad outline that includes galvanizing Deposit Insurance Corp. and increasing the liquidity of financial institutions.
JAPAN
Dec 10, 1997

SESC says Nikko, Daiwa should be punished over 'sokaiya'

The Securities and Exchange Surveillance Commission recommended Wednesday to the finance minister that punitive action be taken against Nikko Securities Co. and Daiwa Securities Co. for compensating a "sokaiya" corporate extortionist for his stock losses.
JAPAN
Dec 9, 1997

Business and Labor team up on call for tax cuts

The government should swiftly implement drastic tax cuts to stimulate the nation's sluggish economy, leaders of the nation's big businesses and labor unions agreed Tuesday.
JAPAN
Dec 9, 1997

Public highway firms assessed for entertainment outlays

OSAKA -- Two affiliates of Hanshin Expressway Public Corp. spent more than 2 million yen for entertainment, accounting for it as conference expenses, and 1.5 million yen in private taxi fares for business purposes, Osaka Regional Tax Bureau sources said Tuesday.
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.
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.
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.
Japan, India to set up new consultation defense cooperation framework
Defense Minister Gen Nakatani (right) stands alongside his Indian counterpart, Rajnath Singh, during a ceremonial reception in New Delhi on Monday.
About 30% of those in de facto marriages refuse to marry over surname change
A survey by a private group found that 30% of people in de facto marriages in Japan have not filed for marriage registration because they or their partners do not want to change their surnames.
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

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