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JAPAN
May 22, 1998

Hashimoto lights spark on bad loan resolve

Prime Minister Ryutaro Hashimoto appealed Friday for increased efforts to resolve financial institutions' bad loan problems as soon as possible to facilitate economic recovery.
JAPAN
May 22, 1998

Credit situation remains tight for smaller firms

Financial institutions appear to have loosened their lending stance toward large companies, but small and midsize firms continue to suffer from the credit crunch, Mitsuo Horiuchi, head of the Ministry of International Trade and Industry, said Friday.
JAPAN
May 22, 1998

Corporate profits fall first time in four years; city banks see red

Profit levels at most corporations declined for the first time in four years in the 1997 business year to March 31, with at least six of the nation's nine giant "city banks" falling into the red, according to earnings results released through Friday.
JAPAN
May 22, 1998

Merging banks first to take advantage of DIC law revision

The planned merger between Fukutoku Bank and the Bank of Naniwa, two Osaka-based regional firms, will mark the first case in which merging banks, both ailing, receive financial help from the government-backed Deposit Insurance Corp., the Finance Ministry announced Friday.
JAPAN
May 21, 1998

Economy weak, not deflating, BOJ says

The domestic economy is currently not on the verge of entering a deflationary spiral, Bank of Japan Gov. Masaru Hayami said Thursday, adding that he will monitor the effects of governmental pump-priming efforts.
JAPAN
May 21, 1998

Local Indonesian students rejoice at Suharto's resignation

Students from Indonesia expressed surprise and hope for the reform of their country following President Suharto's announcement of his resignation Thursday.
JAPAN
May 20, 1998

BOJ denies falsifying staff reports

The Bank of Japan denied Wednesday having inflated staff numbers to secure a larger budget for personnel expenses as some media have reported, but also promised to increase transparency in its wage structure.
JAPAN
May 19, 1998

Narita airport turns 20 years old

New Tokyo International Airport in Narita, Chiba Prefecture, marks the 20th anniversary of its opening today, but a row with local landowners that began before the airport started operations continues to halt its planned expansion.
JAPAN
May 19, 1998

Censured officials barred from Financial Supervision Agency

Finance Ministry officials punished for receiving excessive entertainment will not work at the new Financial Supervision Agency, Finance Minister Hikaru Matsunaga said Tuesday.
JAPAN
May 14, 1998

Government upgrades tourist advisory for Indonesia

The government on Thursday issued a stronger official warning advising travelers to refrain from making sightseeing and other nonessential trips to Indonesia until conditions in the country stabilize, Chief Cabinet Secretary Kanezo Muraoka told a regular press conference.
JAPAN
May 14, 1998

Societe Generale renews focus on Japan

Societe Generale said Thursday that it would change its business logo in Japan to SG Japan, adding that it plans to galvanize its operations here, especially in the areas of mutual funds and development of new products.
JAPAN
May 14, 1998

Hope on the horizon for economy, poll claims

While most companies are concerned about the current state of Japan's economy, some bright signs are finally emerging and those who are optimistic about the future of the economy now outnumber those who are pessimistic, according to a survey released Thursday.
JAPAN
May 13, 1998

Nomura, IBJ annouce business tieup plans

Financial giants Nomura Securities Co. and the Industrial Bank of Japan announced Wednesday that they are to forge links in the areas of personal asset management and financial derivatives to prepare for increased competition in a more deregulated market.
JAPAN
May 13, 1998

FTC plans new survey of flat-glass industry

The Fair Trade Commission will soon begin a followup survey over business practices in the flat-glass industry, Jotaro Abe, director of the FTC's executive office, said Wednesday.
JAPAN
May 12, 1998

Tokyo foreigners' council wrangles over voting, job rights

A foreign residents' advisory council to the Tokyo governor on Tuesday had its most heated debate.
JAPAN
May 8, 1998

Universal Studios unveils Japan construction plan

OSAKA -- Details of the Universal Studios Japan theme park were unveiled at a news conference Friday, with USJ officials announcing that construction would begin in October this year as scheduled, and expressing confidence in the handling of environmental problems that have come up.
JAPAN
May 8, 1998

Panel mulls hiring outsiders to monitor finance ministry

To prevent further corruption at the Finance Ministry, it may be necessary to set up a monitoring body that includes outside people, a member of a ministry ad hoc panel said Friday.
JAPAN
May 7, 1998

'Comfort women' fund criticizes Seoul suspension decision

The Asian Women's Fund on Thursday criticized the South Korean government's decision to suspend aid to women who have received "atonement money" from the private Japanese government-initiated fund.
JAPAN
May 1, 1998

PerfecTV, JSkyB merge to form new digital broadcaster

PerfecTV Corp. and Japan Broadcasting Co. (JSkyB) merged into a new company May 1 called Japan Digital Broadcasting Services Inc., for operation of a new service called SKY PerfecTV!
JAPAN
Apr 30, 1998

Nissan Diesel names new president

Nissan Diesel Motor Co. announced April 30 that President Masayuki Saito will step down and be replaced by Managing Director Hirofumi Nakazawa in late June.
JAPAN
Apr 29, 1998

Sensitivity part of row with Russia, Chirac says

Japan and Russia should be less sentimental in resolving their differences over a territorial row and concluding a World War II peace treaty, French President Jacques Chirac said April 29.
JAPAN
Apr 28, 1998

Orix takes over Yamaichi subsidiary

Orix Corp., the country's leading leasing firm, announced Tuesday the completion of its takeover of Yamaichi Trust & Bank, Ltd., a subsidiary of the failed Yamaichi Securities Co.
JAPAN
Apr 28, 1998

Albright lauds stimulus plan

U.S. Secretary of State Madeleine Albright toned down Washington's criticism of Japan's economic recovery efforts, calling the 16 trillion yen stimulus package announced last week a "bold" step.
JAPAN
Apr 27, 1998

New DPJ still top opposition force

The newly expanded Democratic Party of Japan was officially launched Monday afternoon with 131 Diet members, making it the largest opposition force.
JAPAN
Apr 27, 1998

Honda president to step down in June

After eight years at the helm of Honda Motor Co., President Nobuhiko Kawamoto on Monday announced he will step down in late June.
JAPAN
Apr 27, 1998

Finance chief punishes 112; two key bureaucrats resign

Finance Minister Hikaru Matsunaga took punitive action Monday against 112 ministry officials, including Securities Bureau head Atsushi Nagano, for being excessively entertained by financial sector firms.
JAPAN
Apr 24, 1998

Jumbo Mauna Kea telescope project delayed

Final adjustments to Japan's largest single mirror telescope, which sits atop 4,200-meter Mauna Kea, Hawaii, will be put off until December due to delays by an American contractor.
JAPAN
Apr 24, 1998

Saudi prince welcomes all kinds of investment

Saudi Arabia will spare no effort to accommodate Japanese investors, visiting Prince Salman Bin Abdulaziz said April 24.
JAPAN
Apr 23, 1998

Stimulus package gets finishing touches

The ruling Liberal Democratic Party put the final touches April 23 to the 16 trillion yen worth of economic stimulus measures to be endorsed by the government today, which will include about 10-trillion yen in "real-water" measures that require direct government outlays.
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 to experience blood moon lunar eclipse on Monday
A blood moon is seen during a partial eclipse in the sky over Lake George near Canberra on March 14.
Ishiba to quit as prime minister amid LDP discontent
Prime Minister Shigeru Ishiba announces his decision to step down, at the Prime Minister's Office in Tokyo on Sunday.
Japan eyes two types of 'hometown resident' registration
People buy groceries from a mobile supermarket in a rural area of Nagomi, Kumamoto Prefecture. The government is considering a new "hometown resident" registration system to help strengthen regional revitalization measures.
Search is on for loopholes in Japan’s $550 billion investment pledge
U.S. Secretary of Commerce Howard Lutnick argues that U.S. President Donald Trump has sole authority to invest Japan's promised $550 billion.
Race to become next LDP president kicks off again
Former Liberal Democratic Party Secretary-General Toshimitsu Motegi on Monday became the first to enter the race to replace Prime Minister Shigeru Ishiba.
Shizuoka farmers fight to preserve sustainable tea method that’s steeped in tradition
As of August 2024, the number of confirmed chagusaba farmers had fallen to 302, just over half the 582 reported in 2015, according to the Shizuoka Chagusaba Farming Method Promotion Council.
Search is on for loopholes in Japan’s $550 billion investment pledge
U.S. Secretary of Commerce Howard Lutnick argues that U.S. President Donald Trump has sole authority to invest Japan's promised $550 billion.
In rural Hokkaido, the stops and starts of tourism revival on full display
Redevelopment plans for Kawayu Onsen have hit some snags — an example of how bringing tourists back to declining rural communities is far from easy work.
London’s calling and sumo’s top division — along with Hello Kitty — are ready to answer
Yokozuna Hoshoryu and Hello Kitty, an ambassador for sumo's upcoming tour to London, at Tokyo's Kokugikan on Tuesday
Resonac creates 27-member consortium to pursue advanced chip developments
Representatives from member companies of JOINT3, a consortium working together on semiconductor-related developments announced by Resonac, pose for a photo in Tokyo on Wednesday.

Podcast

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

Longform

Figure skater Akiko Suzuki was once told her ideal weight should be 47 kilograms, a number she now admits she “naively believed.” This led to her have a relationship with food that resulted in her suffering from anorexia.
The silent battle Japanese athletes fight with weight
By Mai Yoshikawa

SUSTAINABLE JAPAN

Maruhachi never sleeps in quest for better futons
Maruhachi never sleeps in quest for better futons

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