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JAPAN
Oct 7, 1997

Foreigners urge Tokyo to accelerate deregulation

Foreign business communities on Oct. 7 urged Japan to further accelerate and deepen economic structural reforms to boost domestic demand and reduce its massive trade surplus.The opinions were voiced by foreign members of the Import Board, a subcouncil under the Trade Conference chaired by Prime Minister...
JAPAN
Oct 6, 1997

Compromise key to climate policies, German minister says

Staff writerTo achieve both economic growth and environmental protection, one must make compromises and seek "intermediate paths," according to German Economic Minister Gunter Rexrodt."Germany views the simultaneous achievement of economic growth and environmental protection as an important challenge,"...
JAPAN
Oct 6, 1997

Maverick assemblyman fights dress code, graft

MISAWA, Aomori Pref. -- The city assembly here has attracted nationwide attention, not for its legislating, but for a member who was punished for his casual attire.He claims his dressing down symbolizes his crusade against corruption. "I know it all looked like a kindergarten-level farce," said Yuki...
JAPAN
Oct 2, 1997

Posts Ministry releases policy plan for breakup of NTT

The Posts and Telecommunications Ministry released a draft policy plan Oct. 2 on the reorganization of Nippon Telegraph and Telephone Corp., which will be split into three firms under the control of a single holding company.Under the basic draft, the ministry proposed that the disintegration of NTT,...
JAPAN
Oct 2, 1997

U.S. gets thumbs up for Super 301 ruling

Osamu Watanabe, vice minister for international trade and industry, on Oct. 2 applauded Washington's decision not to list Japan's auto market on a Super 301 retaliatory watch list."I regard the decision as the natural conclusion and I appreciate the U.S. government's just judgment," Watanabe told a...
JAPAN
Oct 1, 1997

SESC criminal complaints hit new high

Reflecting an increase in crimes involving financial firms, the nation's securities watchdog filed a record five criminal complaints during the year up to June, according to the annual report released Oct. 1 by the Securities and Exchange Surveillance Commission.The cases brought to prosecutors include...
JAPAN
Oct 1, 1997

Internet securities trade has couch investors jumping

OSAKA -- With convenience like late-night or early morning service and never having to leave one's own home, stock trading via the Internet has not surprisingly become increasingly active.It is also alluring to securities companies, who are able to expand their business without opening new branches...
JAPAN
Sep 30, 1997

Philippines' fundamentals still sound, Bautista says

Staff writer
JAPAN
Sep 30, 1997

ITJ-Japan Telecom tieup faces stiff competition

On the eve of their merger, the heads of Japan Telecom Co. and International Telecom Japan Inc. said Sept. 30 the new firm aims at becoming a leading company in the industry by offering seamless services from domestic to international services at lower prices than competitors.
JAPAN
Sep 29, 1997

Corporate tax cut tied to size of income base

Any reduction in the corporate income tax should be considered only within the scope of revenue that can be gained by expanding the taxable income base for companies, a top Finance Ministry official indicated Sept. 29.
JAPAN
Sep 29, 1997

Closure of JR Building ends an era

The JR Building, which once housed the former head offices of the Japanese National Railways, will be closed Sept. 29, putting an end to a 60-year history that encompassed the defunct Railway Ministry.
JAPAN
Sep 26, 1997

Broker Sanyo seeks extra bank financing

Ailing Sanyo Securities Co. disclosed Sept. 26 that it is seeking additional financial assistance from the three banks with which it has close ties in an effort to improve its balance sheets.
JAPAN
Sep 25, 1997

Thai economic crisis puts a dent in carmakers

Staff writer
JAPAN
Sep 22, 1997

Aoki president denies market rumors

The president of medium-size general contractor Aoki Corp. denied market rumors Sept. 22 that his firm was in a financial crisis, stressing that the company has been steadily reducing its debts.
JAPAN
Sep 19, 1997

Hokkaido Takushoku urged to seek local backing

Troubled Hokkaido Takushoku Bank should first look for support from local business circles in increasing its capital, the president of Asahi Mutual Life Insurance Co. said Sept. 19.
JAPAN
Sep 16, 1997

MITI chief vows to tackle 'global megacompetition'

Mitsuo Horiuchi, the newly appointed minister of international trade and industry, is determined to push through "drastic policies" to accelerate deregulation and create a level playing field for Japanese companies competing in this era of "global megacompetition."
JAPAN
Sep 12, 1997

BOJ outlines new structural reorganization plan

The Bank of Japan partially outlined an organizational reform plan Sept. 12 that would streamline its operations starting in April 1998.
JAPAN
Sep 12, 1997

U.S. urges Japan to take market-opening steps

The United States renewed calls on Japan to eliminate the Large-Scale Retail Store Law and other obstacles blocking the penetration of foreign products into the Japanese market, Japanese government officials said Sept. 12.
JAPAN
Sep 10, 1997

Police officer admits taking bribes

OSAKA -- A police officer pleaded guilty Sept. 10 to charges of accepting 8.2 million yen for leaking information to a man at the center of a fraud investigation, letting him know when detectives would be following him.
JAPAN
Sep 9, 1997

Nonmanufacturers see fall in sales, profits for quarter

Sales for nonmanufacturing firms fell 1 percent in the April-June quarter from the same period last year, while current profits dropped 4.9 percent, according to the results of a quarterly Finance Ministry survey released Sept. 9.
JAPAN
Sep 8, 1997

Nisshin Steel forms holding firm

Nisshin Steel Co. on Sept. 8 announced the formation of a holding company for its U.S. subsidiary in New York last Sept. 2 to prepare for the expansion of U.S. business in the future.
JAPAN
Sep 5, 1997

Mitsuzuka unfazed by rising surplus

Finance Minister Hiroshi Mitsuzuka reiterated Friday that the nation's current account surplus will not mark any significant increase in the long term.
JAPAN
Sep 5, 1997

Legal war on 'sokaiya' planned

The government has decided on a set of legal measures to root out "sokaiya" corporate racketeers and to have stricter penalties imposed against them, officials said Friday.
JAPAN
Sep 5, 1997

Shippers to suffer if sanctions prolonged

The U.S. enforcement of sanctions against three shipping lines Thursday comes amid growing signs of renewed economic friction between the two nations. If prolonged, it would be a serious blow to the firms, but damage to the overall Japanese economy is expected to be minimal.
JAPAN
Sep 3, 1997

Tourists prefer bayside boondoggle to Disney

Emerging as one of most popular tourist spots in Tokyo, the waterfront development area along Tokyo Bay attracted 3.31 million visitors during this year's summer holiday season, exceeding the number of people who visited Tokyo Disneyland in Chiba Prefecture.
JAPAN
Sep 3, 1997

Execs, teachers to offer the shy a chance to shine

Business executives and academic leaders announced Sept. 3 the launch of a unique foundation with the aim of teaching bashful Japanese individuals how to effectively express themselves.
JAPAN
Sep 3, 1997

ASEM aims to bolster regional investment

Staff writer
JAPAN
Sep 1, 1997

Japan, Chile agree on extending aid, promoting ties

Chilean President Eduardo Frei Ruiz-Tagle and Prime Minister Ryutaro Hashimoto agreed Sept. 1 to cooperate in promoting economic aid to third countries in Central America and the Caribbean, Foreign Ministry officials said.
JAPAN
Aug 26, 1997

Aum regaining strength, surveillance operation reveals

Aum Shinrikyo has regained its organizational strength and expanded its activities since it was spared disbandment in January under the Antisubversive Activities Law, the Public Security Investigation Agency said August 26.
JAPAN
Aug 25, 1997

Netanyahu woos Japan's high-tech sector

Stressing Israel's status in high-technology manufacturing, Prime Minister Benjamin Netanyahu on August 25 called on Japanese firms to take part in joint-venture projects.

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