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JAPAN
Apr 24, 1998

Foley denies making tax plea, calls for further deregulation

OSAKA -- U.S. ambassador Thomas Foley wound up a two-day trip to the Kansai region April 24, his first since assuming the post last fall, calling on the Japanese government to deregulate further.
JAPAN
Apr 23, 1998

FTC approves creation of largest cement firms

The Fair Trade Commission gave conditional approvals April 23 to two merger plans that would create the nation's largest and second-largest cement firms by the end of this year.
JAPAN
Apr 22, 1998

Toza shuts down its Kansai schools

OSAKA -- Following the closure of the Toza Gaigo Gakuin chain of English-language schools in Tokyo, all classes in the Kansai region were halted Wednesday, it was learned the same day.
JAPAN
Apr 22, 1998

Health officials face prison over Nursery home subsidies

Prosecutors demanded Wednesday that the Tokyo District Court impose prison terms of between two and 3 1/2 years on a former top health ministry bureaucrat and two others being tried on bribery charges in connection with the construction of special subsidized nursing homes.
JAPAN
Apr 21, 1998

Mob links discovered as police crack down on dumping

In the wake of December's tightening of controls on industrial waste disposal and of an annual increase in illegal dumping cases, police are stepping up a nationwide crackdown on offenders, many of whom are suspected of having links to the mob.
JAPAN
Apr 21, 1998

Private envoy fosters human ties for Japan

Staff writer
JAPAN
Apr 21, 1998

Kishi reappointed as head of banking industry

Satoru Kishi, president of the scandal-tainted Bank of Tokyo-Mitsubishi, was reappointed Tuesday as the head of the nation's banking federation.
JAPAN
Apr 17, 1998

More firms to get better chance at government loans

Trade chief Mitsuo Horiuchi expressed his intention Friday to open the door for a larger number of retailers and wholesalers to borrow money from the government.
JAPAN
Apr 16, 1998

Automakers take another look at diesel engines

BY SAYURI DAIMON
JAPAN
Apr 16, 1998

Two stories arise over Yamaichi 'tobashi' deals

A former senior Finance Ministry official hinted to Yamaichi Securities Co. in January 1992 that it compensate a customer for its losses and hide the loss overseas, an in-house probe of the failed brokerage revealed April 16.
JAPAN
Apr 16, 1998

Public works spending must be cut: Keidanren

To gain the maximum benefits from the forthcoming economic stimulus package, the government must avoid spending lavishly on conventional public works projects, the Japan Federation of Economic Organizations (Keidanren) said April 16.
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.

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