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JAPAN
May 19, 1997

Nissan Motor offers jobs, not money to aid failed insurer

Instead of providing a large sum of financial support to deal with the failure of Nissan Mutual Life Insurance Co., Nissan Motor Corp. is ready to accept the insurance company's employees, the president of Nissan Motor said May 19.
JAPAN
May 9, 1997

Tepco promises rate cuts next year

Tokyo Electric Power Co. will reduce electricity rates early next year as a result of the utility's progress in streamlining management, Tepco President Hiroshi Araki told a news conference May 9.
JAPAN
May 8, 1997

Religious group Ho-no-Hana failed to report income

A controversial religious group in Shizuoka Prefecture has failed to report some 4.7 billion yen in income, tax officials said May 8.
JAPAN
May 8, 1997

Banks must gear up for the Asian economic era

Asia, with its huge thirst for capital and infrastructure investment, will be an area of increasing importance for Japanese financial institutions in the years ahead, according to the chairman of Fuji Bank.
JAPAN
Apr 30, 1997

Hokkaido officials return taxpayers' money

Officials at the Hokkaido Prefectural Government on April 30 refunded a total of 180 million yen, including interest, to the government's finance office.
JAPAN
Apr 28, 1997

Vehicle exports post first rise in five years

Exports of passenger cars, trucks and buses increased 6.2 percent to 3.85 million units in the 1996 business year from the previous year, marking the first increase in five years, the Japan Automobile Manufacturers Association reported April 28.
JAPAN
Apr 25, 1997

NCB, Bankers Trust formally announce tieup

Nippon Credit Bank and Bankers Trust Company formally announced April 25 their agreement to collaborate on securitization of transactions and overseas financial business operations and to hold shares in each other.
JAPAN
Apr 25, 1997

Top strategist leaves Nomura

Nomura Securities Co.'s chief strategist, Atsushi Mizuno, will resign at the end of the month to take a similar position with the Tokyo operation of Deutsche Morgan Grenfell Capital Markets Ltd. on May 1, company sources said April 25.
JAPAN
Apr 25, 1997

Daiwa and Nikko post net losses

Daiwa Securities Co. and Nikko Securities Co., two of the nation's Big Four brokerage firms, on April 25 both reported net losses for the business year that ended March 31 due to the cost of bailing out their troubled affiliates.
JAPAN
Apr 23, 1997

Ministry considers punishment for Nomura

The Finance Ministry has begun studying details of the punishment to be imposed on Nomura Securities Co. over its shady stock deals and payments to a firm linked to a "sokaiya" corporate extortionist, according to ministry officials.
JAPAN
Apr 22, 1997

Scandal forces Nomura to reshuffle management

Nomura Securities Co. said April 22 that Managing Director Junichi Ujiie will assume its presidency May 1 in place of Masashi Suzuki. The move is aimed at improving the brokerage's public image in the wake of a scandal involving shady stock deals and payments to a firm linked to a "sokaiya" corporate...
JAPAN
Apr 21, 1997

New Vietnamese consul arrives to push Osaka trade

OSAKA -- Le Ngoc Thu, consul general for Vietnam in Osaka, said here April 21 the new consulate general will work to promote trade between Vietnam and Osaka Prefecture.
JAPAN
Apr 21, 1997

Ribbon cut to inaugurate Kansai patent center

OSAKA -- Local government and business leaders from the Kansai region gathered April 21 to officially inaugurate the area's largest depository of domestic and international patent information.
JAPAN
Apr 17, 1997

JAMA says industry will not boost exports

Japan's auto industry has no intention of increasing exports to take advantage of the yen's recent fall against the dollar, the head of the Japan Automobile Manufacturers Association said April 17.
JAPAN
Apr 16, 1997

Upper House eatery holding to pre-hike prices

Upper House members do not like the consumption tax. This may be why the chamber's restaurant has kept prices to what they were at before the levy was hiked to 5 percent on April 1.
JAPAN
Apr 16, 1997

Criminal charges sought against PNC, officials

The Science and Technology Agency has asked police to take criminal action against Power Reactor and Nuclear Fuel Development Corp. and some PNC officers over a series of accidents and ensuing coverup attempts at its atomic facilities, agency chief Riichiro Chikaoka said April 16.
JAPAN
Apr 15, 1997

Osaka, Northeast England business chambers link

OSAKA -- The Osaka Chamber of Commerce and Industry and Britain's North East Chamber of Commerce, Trade and Industry on April 15 signed a joint statement to strengthen cooperation in facilitating trade and investment, as well as to develop links between universities in the regions.
JAPAN
Apr 11, 1997

JR Tokai seeks exchange listings

Central Japan Railway Co. (JR Tokai) filed a provisional application Friday to list its shares on the Tokyo, Nagoya, Osaka and Kyoto stock exchanges, according to JR Tokai officials. JR Tokai, one of seven Japan Railway group companies created when Japanese National Railways was privatized in 1987, plans...
JAPAN
Apr 11, 1997

Fatal stabbing in Ashiya investigated

KOBE -- Police on Friday began investigating the fatal stabbing the previous night of a company president in Ashiya, Hyogo Prefecture. According to police, Akitoshi Hashimoto, 48, was stabbed in the back outside his home at around 8:10 p.m.
JAPAN
Apr 10, 1997

Killing suspect mum on motive

OSAKA -- A man arrested April 9 in connection with the fatal stabbing the same day of an 8-year-old girl refuses to elaborate on a motive for the attack, investigators said April 10.
JAPAN
Apr 9, 1997

Tsumura pleads not guilty to breach of trust

Akira Tsumura, former president of leading Chinese medicine maker Tsumura & Co., and two colleagues on April 9 pleaded not guilty to aggravated breach of trust allegations related to loan improprieties.
JAPAN
Apr 9, 1997

24,000 crank calls result in arrest of rejected comic

A resident of Chiba Prefecture has been arrested for making thousands of crank calls to the offices of Kodansha, a major publishing house, police said.
JAPAN
Apr 8, 1997

First European job fair slated

Seven European chambers of commerce and a trade commission in Japan, backed by the European Commission, will jointly hold the first European Job Fair in Tokyo this month.
JAPAN
Mar 31, 1997

Akita governor quits over wining, dining shame

Akita Gov. Kikuji Sasaki, who held office for nearly 18 years in Tohoku Prefecture, resigned Mar. 31 to take responsibility for the local government's illegal spending on wining and dining.
JAPAN
Mar 31, 1997

MITI slams unilateral U.S. trade practices

The United States' continued use of unilateral measures, including Section 301 of the 1974 U.S. Trade Act, goes against the free-trade principles of the World Trade Organization, the Ministry of International Trade and Industry said in a report released Mar. 31.
JAPAN
Mar 31, 1997

Hashimoto tries to assuage Okinawa with aid

As local antipathy lingers over the concentrated presence of U.S. military bases in Okinawa, the government of Prime Minister Ryutaro Hashimoto has been trying to show its willingness to help bring sustainable economic growth to the southernmost prefecture independent from state subsidies, a long-cherished...
JAPAN
Mar 28, 1997

Support for NCB crucial, Mitsuzuka says

Support for ailing Nippon Credit Bank, which is expected to unveil a sweeping restructuring program soon, is imperative for maintaining financial stability both at home and abroad, Finance Minister Hiroshi Mitsuzuka said Mar. 28.
JAPAN
Mar 26, 1997

Okamitsu admits taking bribes in nursing home scandal

A former top bureaucrat at the health ministry and two others pleaded guilty Mar. 26 in their first trial hearing to bribery charges in connection with the construction of special subsidized nursing homes.
JAPAN
Mar 25, 1997

Bankers' report calls for end to postal savings system

The nation's banking community drew up a report Mar. 25 calling for the privatization and subsequent breakup of the government's postal savings system, saying it was a barrier to full implementation of financial deregulation.
JAPAN
Mar 25, 1997

Foreign-made output makes up 58% of Toyota's overseas sales

Toyota Motor Corp.'s sales of vehicles produced overseas accounted for 58 percent of total overseas sales in 1996, narrowly missing its target of 60 percent, according to the firm's progress report.
Tokyo emerges as a top market for global tech talent
Tokyo ranks among the world's top tech talent hubs alongside Beijing, the San Francisco Bay Area, Bengaluru, Paris, New York and Dublin, according to Colliers' newly released global tech markets report.
JSA’s 100th anniversary event is a once-in-a-lifetime chance for sumo fans
Egyptian wrestler Osunaarashi has some fun with children during a special Japan Sumo Association event in 2017.
Tens of millions of yen found at home of Aum Shinrikyo founder's wife
The house of the wife of the late Chizuo Matsumoto, the now-defunct Aum Shinrikyo doomsday cult's founder, in Koshigaya, Saitama Prefecture, in July
Japan researchers identify gut bacteria strain that boosts anticancer drugs
Researchers at the National Cancer Center Japan say a new type of gut bacteria named YB328 could help unlock the potential of cancer immunotherapy.
Living conditions index hits lowest level in 15 years in Japan
The share of respondents to a Bank of Japan quarterly survey in June who said they have become worse off came to 61.0%, up 5.1 percentage points from the previous survey.
Kawaii Lab redefines idol pop for the TikTok generation
Misa Kimura is the main producer for Kawaii Lab, a project by entertainment agency Asobisystem whose groups have found success by pairing a social media-first strategy with a fresh perspective on traditional idol-pop tropes.
Craig Mod's life in motion in a disappearing Japan
Mod's memoir “Things Become Other Things” chronicles his walking trips across the Kii Peninsula, surveying “a graceful end to a certain life cycle.”
With China and Trump, Japan defense report says world entering ‘new era of crisis’
A senior member of a Self-Defense Forces honor guard inspects a formation before the arrival of Prime Minister Shigeru Ishiba for a visit to the Defense Ministry in Tokyo on June 30.
Tokyo stocks hit by a perfect storm of tariffs, politics and budget worries
Tokyo stocks are underperforming shares in other large markets globally.
Japan researchers identify gut bacteria strain that boosts anticancer drugs
Researchers at the National Cancer Center Japan say a new type of gut bacteria named YB328 could help unlock the potential of cancer immunotherapy.

Podcast

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

Longform

After pandemic-era border regulations eased, Indian migrants began returning to Japan. Their population now stands at more than 50,000 across the country.
How remote work is rewriting the migrant experience in Japan
By Megha Wadhwa

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