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JAPAN
Jun 1, 1998

Sony to acquire stake in JustSystem

Sony Corp. will invest over 1 billion yen in computer software developer JustSystem Corp. to jointly develop products that will link personal computers with digital audiovisual devices, the two companies announced Monday.
JAPAN
May 28, 1998

'Jusen' responsibility judgement coming up

A final decision on whether two banks must take responsibility and face legal action for introducing clients to seven failed mortgage lenders will be made next month, the head of a loan reclaiming body said Thursday.
JAPAN
May 26, 1998

Jakarta back to business as usual, governor says

Visiting Jakarta Gov. Sutiyoso on Tuesday stressed that order has been fully restored to the Indonesian capital following President Suharto's resignation last week.
JAPAN
May 26, 1998

Talks on Indonesia's foreign debts expected to bear fruit

Negotiations between Indonesia and foreign businesses over the rescheduling of Indonesian firms' massive foreign debts is expected to bear some fruit, the head of Japan's banking industry said Tuesday.
JAPAN
May 26, 1998

Disgraced Finance officials take pension cuts

Two senior Finance Ministry officials who resigned in connection with a wining-and-dining scandal have applied for and been granted retirement allowances reduced below standard levels, Finance Minister Hikaru Matsunaga said Tuesday.
JAPAN
May 25, 1998

Panel ends debate on proposed air raid memorial

An advisory council to the Tokyo governor on Monday effectively ended all deliberations over a controversial planned memorial hall dedicated to victims of the U.S. air raids on Tokyo during World War II.
JAPAN
May 25, 1998

Pop Star Seiko Matsuda weds daughter's dentist

Pop star Seiko Matsuda, 36, who has gained fame as much for scandal as for her music, announced her marriage to a dentist six years her junior Monday at Tokyo's Takanawa Prince Hotel in Minato Ward.
JAPAN
May 25, 1998

Greenback climbs to 137 yen on comment by Rubin

For the first time since August 1991, the dollar on Monday hit 137 yen in Tokyo after reports spread that U.S. Treasury Secretary Robert Rubin said he could tolerate a yen as weak as 140 yen or 150 yen to the dollar to prevent the Japanese economy from collapsing.
JAPAN
May 25, 1998

HSBC gearing for expansion into Japan retail operations

Financial conglomerate Hongkong and Shanghai Banking Corp. will seek to expand its Japanese operations into the retail market "in the not-too-distant future," the chairman of HSBC Holdings said Monday in Tokyo.
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.
Wealthy foreign nationals picking up ultimate souvenir — a condo in Tokyo
A high-end property in the fashionable Daikanyama district in Tokyo
Japan dispatches five language education 'partners' to India
Five members of the Japan Foundation's Nihongo Partners program (front) gather at the Japanese Embassy in New Delhi on Monday.
Struggling train firm in Chiba Prefecture turns to self-deprecating humor
"Laughter is important when you're in a difficult situation," said Katsunori Takemoto, president of Choshi Electric Railway, on Aug. 5 in Choshi, Chiba Prefecture.
Japan's elderly population down at around 36.2 million
The estimated number of people age 65 or older in Japan stands at 36.19 million as of Monday, accounting for record 29.4% of the country's total population, according to the internal affairs ministry.
Japan’s front-line researchers see bright path ahead for dementia treatment
A scientist looks at scans of grains at the Memory Centre at the Department of Readaptation and Geriatrics of the University Hospital (HUG) in Geneva, Switzerland, on June 6, 2023.
Japanese athletes inspired by raucous home fans at World Athletics Championships
Fans cheer on the home favorites during the women's marathon at the World Athletics Championships in Tokyo on Sunday.
Pole vault rivals in awe after Duplantis has another historic night in Tokyo
Sweden's Armand Duplantis competes in the men's pole fault final during the World Athletics Championships at National Stadium in Tokyo on Monday.
Japan's major art events converge this fall
Shinji Ohmaki’s “Tokinokage” exhibited at Fuji Textile Week 2021 shows the use of fabric as art.
Tara Davis-Woodhall leaps to gold and finds redemption at world championships
Tara Davis-Woodhall celebrates after winning the women's long jump final at the World Athletics Championships at Tokyo's National Stadium on Sunday night.
An aesthetic escape to Hakone’s art-drenched hills
Between traditional examples of fine art and sleek, modern exhibitions that blend with nature, Hakone offers a unique escape from Tokyo's urban sprawl.

Podcast

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

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’
By Alex K.T. Martin

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