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JAPAN
Dec 22, 1998

Obuchi to give back half of bonus

Prime Minister Keizo Obuchi told a regular Cabinet meeting that he plans to return half of the bonus he received earlier this month, Chief Cabinet Secretary Hiromu Nonaka said Tuesday.
JAPAN
Dec 21, 1998

82 trillion yen spending spree drafted

Prime Minister Keizo Obuchi's Cabinet on Monday approved a draft 81.86 trillion yen general account budget for fiscal 1999 that calls for an 11 percent rise in public works spending.
JAPAN
Dec 17, 1998

Stimulus slowing economy's decline: BOJ

Japan's economic deterioration has slightly eased, mainly due to increased public works spending, but a self-sustained recovery of the private sector has yet to develop, Bank of Japan Gov. Masaru Hayami said Thursday.
JAPAN
Dec 17, 1998

Court cans lawsuit against Harajuku lights

The Tokyo District Court on Thursday dismissed a plea filed by 55 Harajuku residents demanding an injunction against a local business association to force them to pull the plug on their annual Christmas light display.
JAPAN
Dec 16, 1998

Three U.S. scientists win Japan Prize

Three scientists from the United States who have contributed to the fields of information technology and life sciences have won the 1999 Japan Prize, its selection committee announced Wednesday.
JAPAN
Dec 16, 1998

LDP finalizes record 9.3 trillion yen tax cut plan

The ruling Liberal Democratic Party finalized a large package of tax revisions Wednesday allowing for a record 9.3 trillion yen in tax cuts for fiscal 1999.
JAPAN
Dec 16, 1998

Government wary of sales tax welfare role

The government Tax Commission, in a set of recommendations to the prime minister finalized Wednesday, called for cautious discussions about limiting the use of consumption tax revenues for welfare purposes.
JAPAN
Dec 15, 1998

Believe the 'convoy system' is over: Miyazawa

The nationalization of Nippon Credit Bank must have given foreign observers the impression that the "convoy system" era in financial policymaking is over, Finance Minister Kiichi Miyazawa said Tuesday.
JAPAN
Dec 14, 1998

Foley voices concern over rice tariff plans

U.S. Ambassador Thomas Foley expressed strong concern Monday over Tokyo's plan to impose heavy tariffs on imported rice, saying it could fuel bilateral trade tensions.
JAPAN
Dec 14, 1998

NCB 'very regrettable,' Finance bureaucrat says

Vice Finance Minister Koji Tanami expressed regret Monday over the nationalization of Nippon Credit Bank but defended his ministry's decision last March to infuse public funds into the bank.
JAPAN
Dec 11, 1998

Government presents LTCB restructuring plan

The troubled Long-Term Credit Bank of Japan, now under temporary state control, submitted a restructuring plan to the government pledging more job cuts and decreased overseas operations, the president of the LTCB announced Friday.
JAPAN
Dec 11, 1998

KEDO deal may collapse, Komura warns

Foreign Minister Masahiko Komura expressed concern Friday that the agreement to provide North Korea with two light-water reactors may collapse unless Pyongyang cooperates to resolve suspicions about its missile and nuclear activities.
JAPAN
Dec 11, 1998

Conservatives create league to back coalition

Four conservative groups within the Liberal Democratic Party formally launched a new group Friday, demanding a large-scale Cabinet reshuffle and a new party lineup when the LDP forms a coalition with the Liberal Party.
JAPAN
Dec 9, 1998

Obuchi says bureaucrats should speak for Diet members

Prime Minister Keizo Obuchi expressed his intention Wednesday to leave some room for bureaucrats to answer questions during Diet sessions, rather than having only Diet members do the job, as proposed by Liberal Party leader Ichiro Ozawa.
JAPAN
Dec 9, 1998

Clarify constitutionality of Japan PKO role: Ozawa

Liberal Party leader Ichiro Ozawa reiterated on Wednesday that the government should clarify its stance on interpreting Self-Defense Forces' participation in United Nations military peacekeeping operations, as it pertains to the Constitution.
JAPAN
Dec 9, 1998

Nonaka seeks Okinawa visit for breakthrough on bases

Chief Cabinet Secretary Hiromu Nonaka said Wednesday he hopes to visit Okinawa later this month to seek ways to resolve issues over the reorganization of U.S. military bases in the prefecture and to help revive the ailing local economy.
JAPAN
Dec 3, 1998

Genden Engineering to dissolve over fake nuclear data

Genden Engineering Services and Construction Co., which in October was found to have falsified data on a container for transporting mixed oxide fuel to be used in a planned thermal neutron reactor, announced on Thursday it will dissolve by next summer as a result of the scandal.
JAPAN
Dec 3, 1998

Economy shrinks 0.7% in quarter for fourth straight decline

The economy shrank 0.7 percent in real terms during the July-September quarter compared with the previous three months, marking its fourth consecutive contraction, the longest ever in the postwar years, the Economic Planning Agency announced Thursday.
JAPAN
Nov 24, 1998

State maintains SDF position in rebuttal to Ozawa

The government still maintains its interpretation of the Constitution barring Japan from engaging in collective defense, Chief Cabinet Secretary Hiromu Nonaka said Tuesday, rebutting an earlier remark by Liberal Party leader Ichiro Ozawa.
JAPAN
Nov 20, 1998

Miyazawa rules out consumption tax cut

The 5 percent consumption tax will not be lowered at least for the time being, Finance Minister Kiichi Miyazawa reiterated Friday.
JAPAN
Nov 20, 1998

ANA taken to task for maintenance violations

The Transport Ministry took the rare move of imposing administrative measures against All Nippon Airways Co. over the carrier's violation of its own maintenance regulations, ministry officials announced Friday.
JAPAN
Nov 19, 1998

Sega posts sharp fall in midterm profits

A week before it launches a new console in the heated game-machine war, Sega Enterprises Ltd. on Thursday reported sharp drops in sales and profits for the April-September period.
JAPAN
Nov 19, 1998

Daiwa, Sanwa to seek 900 billion yen in public funds

Daiwa Bank and Sanwa Bank, two of the nation's city banks, will ask for 300 billion yen and 600 billion yen each in public funds under the provisions of the newly adopted bank recapitalization law, officials of the two banks said Thursday as they released their midterm earnings reports.
JAPAN
Nov 19, 1998

NEC to calculate refund owed to Defense Agency, NASDA

NEC Corp. announced Thursday that it will give back the money it overcharged the Defense Agency and the National Space Development Agency of Japan for defense and space-related equipment over several years.
JAPAN
Nov 19, 1998

Ministry announces three executions

Three death row inmates were hanged Thursday, and for the first time in recent history, the Justice Ministry officially announced the executions shortly afterward.
JAPAN
Nov 17, 1998

Moody's downgrades Japanese government debt

Moody's Investors Service has taken Japanese securities issued or guaranteed by the government down a notch from its top Aaa ranking, the U.S. credit rating agency's Japanese unit said on Tuesday.
JAPAN
Nov 17, 1998

Clinton, Obuchi to focus on economy

U.S. President Bill Clinton will arrive in Tokyo Thursday afternoon for a two-day visit, instead of arriving early in the morning as originally scheduled, a top government spokesman said Tuesday.
JAPAN
Nov 17, 1998

LDP-Liberal coalition plan on hold until next meeting

Despite Prime Minister Keizo Obuchi's expectations of establishing cooperative ties between the Liberal Democratic Party, which he heads, and the Liberal Party, it is still uncertain whether an agreement will be reached at the next meeting of party leaders, Chief Cabinet Secretary Hiromu Nonaka said...
JAPAN
Nov 16, 1998

Nissan chief praises package, pans tax cut plan

Nissan Motor Co. President Yoshikazu Hanawa greeted the government's latest pump-priming package Monday by saying he "expects much" from its implementation but opposes cutting the consumption tax.
JAPAN
Nov 13, 1998

SDF sends relief workers to Honduras

The government officially approved the dispatch of a Self-Defense Forces relief operation Friday to hurricane-stricken Honduras and immediately sent six Air Self-Defense Force C-130 transport planes loaded with medical equipment and other goods.

Longform

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