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JAPAN
Feb 20, 1997

Insurance leader speaks out against allowing banks

Banks' entry into the insurance business would reduce competition and should not be permitted, even through holding companies, the head of the nation's nonlife insurance industry said Feb. 20.
JAPAN
Feb 20, 1997

Special tax measures mulled for NTT split

Special tax measures may be temporarily applied for the planned breakup of Nippon Telegraph and Telephone Corp. but they will not be applied to consolidated earnings, a top Finance Ministry official said Feb. 20.
JAPAN
Feb 19, 1997

Financial leaders play down worries, give support to banks

Financial authorities continued Feb. 19 to play down concerns that the nation's financial system is in dire straits, stressing that they will support banks while urging them to continue restructuring efforts.
JAPAN
Feb 18, 1997

No law planned for NTT breakup, minister says

The splitup of Nippon Telegraph and Telephone Corp. through the formation of a holding company will not be handled by the creation of a separate taxation law, Finance Minister Hiroshi Mitsuzuka said Feb. 18.
JAPAN
Feb 18, 1997

Banker raps holding-company rules

Less stringent limitations than those currently proposed should be placed on financial holding companies to be allowed under a revised Antimonopoly Law, the head of the nation's banking industry said Feb. 18.
JAPAN
Feb 17, 1997

TV Asahi hit over radio left at hostage site

TV Asahi came under government fire Feb. 17 for having left a radio device at the Japanese ambassador's residence in Lima for about one month in attempt to communicate with captives being held inside the compound by Marxist rebels.
JAPAN
Feb 17, 1997

Hashimoto apologizes to Ota for bullet disclosure delay

Prime Minister Ryutaro Hashimoto apologized Feb. 17 to Okinawa Gov. Masahide Ota over the government's delay in disclosing an incident in which the U.S. military fired uranium-depleted bullets during training near the southernmost prefecture.
JAPAN
Feb 14, 1997

Reform of fiscal investment program to offer 'no sanctuary'

All aspects of the government's fiscal investment and loan program will be scrutinized "with no sanctuaries" to ensure the system is overhauled in line with administrative reforms, Finance Minister Hiroshi Mitsuzuka said Feb. 14.
JAPAN
Feb 13, 1997

Tokyo may revise law on U.S. land leases

The government may revise a special law so that it can smoothly extend forced leases on land used for U.S. military facilities in Okinawa Prefecture, Chief Cabinet Secretary Seiroku Kajiyama hinted Feb. 13. It is the first time that Kajiyama, who is responsible for affairs related to U.S. bases there,...
JAPAN
Feb 12, 1997

FEMA urges Japan to form joint disaster unit

Japan should cooperate with the U.S. government and industry to form a unit like the American National Urban Search and Rescue Response system to improve reaction times to major disasters, the U.S. Federal Emergency Management Agency said Feb. 12.
JAPAN
Feb 12, 1997

Mitsuzuka vows to control yen's fall

Finance Minister Hiroshi Mitsuzuka, in response to the dollar's rally Feb. 12, said the government will monitor the foreign exchange market and take "appropriate steps" to control it.
JAPAN
Feb 12, 1997

Use tax funds to save depositors, banker urges

Taxpayer money should be made available to rescue depositors if financial institutions fail, the head of the nation's regional banks said Feb. 12.
JAPAN
Feb 10, 1997

Russia to join in tanker bow probe

Japan and Russia agreed Feb. 10 to jointly examine in Japan the bow section of the Russian tanker that has spilled thousands of kiloliters of oil into Japanese waters, Transport Ministry officials said Feb. 10.
JAPAN
Feb 6, 1997

JAMA chairman rebuts excessive export claims

In an apparent effort to nip another potential trade problem in the bud, Yoshifumi Tsuji, chairman of the Japan Automobile Manufacturers Association, Feb. 6 rebutted recent U.S. claims that the yen's drop is helping Japanese automakers increase U.S.-bound exports, noting that Japanese exports actually...
JAPAN
Feb 6, 1997

BOJ autonomy urged in panel's final report

An advisory body to the finance minister Feb. 6 proposed sweeping changes to the decades-old Bank of Japan Law that would give the central bank more autonomy in policymaking.
JAPAN
Feb 5, 1997

Intersolv sets up Japanese subsidiary

Intersolv Inc., a computer software solution supplier based in Maryland, announced Feb. 5 that it has established a wholly owned subsidiary in Japan.
JAPAN
Jan 31, 1997

Marines want Okinawa rape appeal reinstated

The two U.S. Marines convicted along with a navy seaman of abducting and raping a 12-year-old Okinawa girl in September 1995 want to reinstate an appeal for reduced sentences, saying they were coerced into withdrawing the appeal by a marine officer, it was learned Jan. 31.The marines' lawyer, Michael...
JAPAN
Jan 31, 1997

Commission preserves Aum Shinrikyo from ban

Public Security Commission decided unanimously Jan. 31 to turn down a request to outlaw Aum Shinrikyo under the Antisubversive Activities Law.The seven-member commission, an extra-ministerial board of the Justice Ministry, had discussed whether the law, which was enacted in 1952, should be invoked against...
JAPAN
Jan 29, 1997

Extra budget clears committee vote

The 2.67 trillion yen supplementary budget for fiscal 1996 got the green light Jan. 29 from the House of Representatives Budget Committee after the main opposition parties failed to delay a vote on the plan.While the ruling Liberal Democratic Party, its ally the Social Democratic Party, and 21st Century,...
JAPAN
Jan 27, 1997

Public works budget up for review

The government's top spokesman on Jan. 27 hinted at the possibility of reviewing a plan to spend 630 trillion yen on public works projects between fiscal 1995 and 2004."As the government is now working to reconstruct the nation's fiscal situation, the government may need to delay (the implementation...
JAPAN
Jan 24, 1997

Yen to stop falling: Kajiyama

The government's top spokesman tried to talk down the dollar's exchange rate Jan. 24 by saying he is "convinced" that the yen will go no lower than 120 to the dollar."There has been a shared view within both political and economic circles that the (appropriate) yen-dollar range is around 110 yen, and...
JAPAN
Jan 24, 1997

Sony Corp. considering big investment in JSkyB

Sony Corp. is considering entering the digital satellite broadcasting business through investing in Japan Sky Broadcasting Co., which was founded by media tycoon Rupert Murdoch and Japanese businessman Masayoshi Son, Sony officials said Jan. 24.Sony last month began negotiating to become a major investor...
JAPAN
Jan 22, 1997

Execs call for legal reform aimed at freeing the market

Japan's legal system should be drastically reformed in order to free up the nation's market, make it transparent and put it in harmony with international standards, according to a report released Jan. 22 by the Japan Association of Corporate Executives (Keizai Doyukai).The report lists a number of revisions...
JAPAN
Jan 22, 1997

Yen's quick decline concerns BOJ chief

Bank of Japan Gov. Yasuo Matsushita expressed concern Jan. 22 over the fast pace at which the yen is weakening against the dollar and said authorities will carefully monitor the foreign exchange market.Speaking at a news conference, the head of the central bank said it was desirable for foreign exchange...
JAPAN
Jan 21, 1997

Yen too low, finance minister says

The recent fall of the yen "has gone too far," Finance Minister Hiroshi Mitsuzuka said Jan. 21, adding that appropriate action would be taken against any extreme movements in the foreign exchange market. Mitsuzuka made the comment at a regular news conference, after the yen fell into the 118 range against...
JAPAN
Jan 21, 1997

American rice campaign kicks off in Tokyo

In an effort to acquire a greater share of the Japanese rice market, the USA Rice Federation embarked Jan. 21 on a campaign to have more Japanese consumers give American rice a try, federation representatives said at a news conference in Tokyo.Imports of American rice have been allowed for two years...
JAPAN
Jan 17, 1997

Groups hit payment of Korean sex slaves

Women's rights activists supporting former sex slaves slammed on Jan. 17 the Asian Women's Fund's recent pledge to make payments to seven South Korean victims, saying it is hurting the relationship between the victims and their supporters, as well as dividing the sex slaves themselves.In a Tokyo news...
JAPAN
Jan 16, 1997

Japan unlikely to freeze fund money to sex slaves

Deputy Chief Cabinet Secretary Kaoru Yosano said Jan. 16 that it would be difficult for Japan to comply with a request by South Korea to suspend compensation payments to South Korean women forced into sexual slavery for Japanese soldiers before and during World War II.Yosano, at a regular news conference,...
JAPAN
Jan 15, 1997

Oil from ruptured tanker hits Noto Peninsula

KYOTO -- Oil spills caused by a ruptured Russian tanker washed up on a beach in Wajima, Ishikawa Prefecture, Jan. 15 on the northwestern part of the Noto Peninsula.The Maritime Safety Office in Niigata fears oil from the tanker Nakhodka will hit the northern tip of the peninsula Jan. 16 and move toward...
JAPAN
Jan 14, 1997

Stock market props ruled out

Finance Minister Hiroshi Mitsuzuka indicated Jan. 14 he does not see an immediate need for new stimulus measures to help prop up the flailing stock market. Authorities are viewing the situation with keen interest and will keep a close eye on movements in the stock market, Mitsuzuka told a news conference....
If the 'Big One' hits, this city could face a 31-meter-high tsunami
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.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
China seizes disputed reef near key Philippine military outpost
China Coast Guard officers unfurl a national flag on Sandy Cay reef, near the Philippine-held Thitu Island, in disputed waters of the South China Sea this month in this screen shot taken from Chinese state broadcaster CCTV.
Could this be Japan’s year at the Kentucky Derby?
Christophe Lemaire rides Admire Daytona, who was bred in Japan, during the UAE Derby at Meydan Racecourse in Dubai on April 5.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
U.S. secretary of the navy weighs ‘dual-use’ shipbuilding with Japan
John Phelan at a Senate confirmation hearing for U.S. secretary of the navy in Washington in February

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Alex K.T. Martin

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