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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.
JAPAN
Dec 4, 1998

Miyazawa urges speedy Diet approval of budget

The 5.677 trillion yen third supplementary budget for fiscal 1998 was submitted Friday to the extraordinary Diet session, and Finance Minister Kiichi Miyazawa called for a swift passage in his policy speech.
JAPAN
Dec 2, 1998

China remarks falsely reported, Nonaka says

Chief Cabinet Secretary Hiromu Nonaka criticized some foreign media entities Wednesday for misunderstanding and falsely reporting his remarks during Chinese President Jiang Zemin's visit last week.
JAPAN
Dec 2, 1998

Tokio Marine plans venture with Schwab

Tokio Marine & Fire Insurance Co. is planning a joint discount brokerage with Charles Schwab and Co., Tokio Marine officials said on Wednesday.
JAPAN
Dec 2, 1998

Recovery set for autumn, says Economic Strategy Council

Japan's economy seems to have hit bottom and the government's economic stimulus measures will start to be effective by next fall, the chairman of Prime Minister Keizo Obuchi's economic advisory panel said Wednesday.
JAPAN
Nov 16, 1998

Package sufficient: Keidanren

The nation's business community welcomed the latest pump-priming package Monday and renewed calls for the government to quickly decide on the particulars of planned tax cuts worth some 7 trillion yen.
JAPAN
Nov 13, 1998

Clinton visit scheduled to begin Thursday

U.S. President Bill Clinton will make a two-day visit to Japan beginning Thursday for talks with Prime Minister Keizo Obuchi, Chief Cabinet Secretary Hiromu Nonaka said Friday.
JAPAN
Nov 13, 1998

Detective agencies hit for investigating 'buraku' folk

OSAKA -- The Osaka Prefectural Government on Friday instructed two private detective agencies that violated a prefectural ban on discriminating against descendants of the "buraku" (hamlet) outcast class to refrain from doing so in the future,
JAPAN
Nov 12, 1998

Japanese-American heritage blooms in L.A. museum

The Japanese-American experience is a useful reference point in Japan's globalization efforts, but more insights await in Los Angeles, where the Japanese American National Museum is raising the profile of these people, representatives said Thursday.
JAPAN
Nov 6, 1998

Maritime transport firms enjoy buoyant first-half sales

The country's three largest maritime transport companies reported a unconsolidated sales increase for the first half of fiscal 1998 due to the weakened yen, the carriers announced Friday.
JAPAN
Nov 5, 1998

Sapporo joins Taiwanese group for restaurant venture

Sapporo Breweries Ltd., a major beer brewer, said on Thursday it has set up a joint venture in Taiwan with a local business group to run a beer restaurant chain featuring the company's draft beer products and non-Chinese dishes.
JAPAN
Nov 5, 1998

Brazil farm chief urges Japan to expand soybean buys

Francisco Turra, Brazilian minister of agriculture and supply, urged Japan Thursday to further expand its import and distribution of soybeans from his country.
JAPAN
Nov 5, 1998

Government backpedals on early tax break pledge

Despite mounting expectations of consumers and businesses, it will be difficult for the government to carry out planned tax cuts in January, the top government spokesman said Thursday.
JAPAN
Nov 4, 1998

State management team moves into LTCB

The nationalized Long-Term Credit Bank of Japan started afresh Wednesday with a new board of directors appointed by Prime Minister Keizo Obuchi.
JAPAN
Nov 4, 1998

Politicians make progress in coupon debate

Despite oppositions raised from within both the government and the business community, the ruling Liberal Democratic Party and two opposition forces moved a step forward Wednesday to realize a proposed plan to distribute merchandise coupons to the public.
JAPAN
Nov 1, 1998

Banks may waive claims on Haseko

Three major creditor banks to Haseko Corp. are putting the final touches on a plan to waive some 120 billion yen in claims on the troubled condominium developer, according to industry sources.
JAPAN
Nov 1, 1998

Obuchi at odds with Keidanren over APEC stance

Prime Minister Keizo Obuchi instructed his Cabinet members Tuesday to maintain Japan's opposition to early market-opening of forestry and fishery products during upcoming meetings of the Asia-Pacific Economic Cooperation forum in Malaysia.
JAPAN
Oct 30, 1998

Mitsui Trust withdraws from overseas operations

Mitsui Trust & Banking Co. announced a sweeping corporate restructuring plan Friday that calls for it to retreat from overseas banking by the end of March and concentrate on domestic asset trust services in tandem with a U.S. firm.As part of the streamlining, executive bonuses will be cut 10 percent...
JAPAN
Oct 29, 1998

MITI request of 144 billion yen eyed to aid small firms

The Ministry of International Trade and Industry will request 144 billion yen for measures to support small and midsize firms suffering from the ongoing credit crunch, ministry officials said Thursday.MITI said it will file the request today with the Finance Ministry in line with the government's plan...
JAPAN
Oct 29, 1998

Buyers scarce for former JNR plots

Japan Railway Construction Public Corp. has taken over 1,273 hectares of land that remained unsold when JNR Settlements Corp. ended its 11-year history last week.The public corporation hopes to sell off the property by fiscal 2003 to help reduce 28.3 trillion yen in debts left behind by the defunct...
JAPAN
Oct 28, 1998

Amway says it will change distribution system

Amway Japan Ltd., a direct marketer of household goods and food, will introduce a new distribution system next month to increase the transparency of its business, Amway officials said Wednesday.The head of the Japan Consumer Information Center told a Diet committee last year that the center had received...
JAPAN
Oct 27, 1998

10 trillion yen emergency stimulus due Nov. 16

The government will draw up an emergency economic stimulus package worth more than 10 trillion yen by Nov. 16 as the major pillar of the third supplementary budget for fiscal 1998, the Cabinet agreed Tuesday.The third extra budget for the current business year will be submitted to an extraordinary Diet...
JAPAN
Oct 27, 1998

Hino Motors posts 21 billion yen first-half loss

Leading truck maker Hino Motors Ltd. plunged into red ink in the first half of the current fiscal year, with sales decreasing mainly due to the Asian economic crisis and the prolonged recession in Japan, the company said on Tuesday.Unconsolidated net losses for the April-September period were reported...
JAPAN
Oct 23, 1998

Matsushita opens R&D site in Apple's neighborhood

OSAKA -- Matsushita Electric Industrial Co. has opened a digital technology research and development center in Cupertino, Calif., the company said.The Panasonic Digital Concept Center aims to develop technologies for computerized consumer electric products that also feature information equipment functions,...

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