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JAPAN
Apr 10, 1998

Tokyo stocks ignore stimulus action

Tokyo share prices turned lower April 10, with the just-announced package of economic stimulus measures going largely unheeded. The dollar also fell sharply against the yen amid indications the Bank of Japan returned to the currency market to keep the Japanese currency from falling.
JAPAN
Apr 10, 1998

Fiscal austerity law put up for revision

The Conference on Fiscal Structural Reform accepted a request late April 10 by Prime Minister Ryutaro Hashimoto to revise the fiscal austerity law to include a flexibility clause, conference members said.
JAPAN
Apr 9, 1998

Hashimoto vows tax cuts

Prime Minister Ryutaro Hashimoto announced Thursday that his government will double the 2 trillion yen tax cut for this year and implement a 2 trillion yen tax cut in 1999.
JAPAN
Apr 9, 1998

Accord inked on Aha base return

U.S. and Japanese representatives signed an official agreement Thursday over the return of a U.S. military base in Aha, northern Okinawa Prefecture.
JAPAN
Apr 8, 1998

IMF official calls for big income tax cuts

Japan should map out an economic stimulus package that includes large-scale income tax cuts, a senior official of the International Monetary Fund said April 8 in Tokyo.
JAPAN
Apr 8, 1998

Diet passes 77.67 trillion yen budget

The 77.67 trillion yen fiscal 1998 national budget was passed by the Diet late April 8 in a House of Councilors plenary session vote.
JAPAN
Apr 7, 1998

Diet approval would hamper SDF dispatch, Kyuma says

Defense Agency chief Fumio Kyuma reiterated April 7 that the government must not be hampered by the need to get the approval of the Diet before dispatching the Self-Defense Forces during an emergency near Japan.
JAPAN
Apr 7, 1998

Greenhouse emission rights trade with Russia in works

Russia has notified Japan that it is willing to discuss Tokyo's proposal for joint implementation of energy-saving programs and trading of greenhouse gas "emission rights," which were provided for in the protocol adopted at a key global warming conference in Kyoto last December, government officials...
JAPAN
Apr 7, 1998

Top banker wants to keep post to protect industry's image

The president of the scandal-tainted Bank of Tokyo-Mitsubishi hinted April 7 that he should be kept on as the head of the banking federation to avoid amplifying foreigners' distrust in Japan's banking sector.
JAPAN
Apr 7, 1998

Matsunaga cautious on income tax cuts

Finance Minister Hikaru Matsunaga took a cautious stance April 7 toward the use of large-scale income tax cuts as an economic stimulus measure, noting that personal spending is falling even though disposable income is not declining.
JAPAN
Apr 6, 1998

Marusan Securities probed for possible breach of trust

Police have questioned Marusan Securities Co. about its rationale for shouldering most of a loss incurred by an affiliated company, the president of the midsize brokerage house said April 6.
JAPAN
Apr 6, 1998

Train experts convene for transcontinental freight debate

Railway experts from some 20 countries April 6 discussed the feasibility of transcontinental railway corridors for the smooth and fast transport of cargo through Asia and Europe.
JAPAN
Apr 3, 1998

U.S. rebuts low-level flight drill criticism

The U.S. military issued a memorandum to correspondents recently in response to Japanese media criticism of "inconsiderate low-level flight training in Japan."
JAPAN
Apr 2, 1998

Business groups unhappy with government steps

Reflecting the poor business sentiment shown by the Bank of Japan's latest "tankan" survey, business leaders Thursday criticized the government for its vague economic measures.
JAPAN
Apr 2, 1998

No changes to Yeltsin visit planned

The Japanese government has not heard of any changes in the schedule of Russian President Boris Yeltsin's planned April 11-13 visit, Chief Cabinet Secretary Kanezo Muraoka said Thursday.
JAPAN
Apr 2, 1998

Latest news sends TSE plummeting

Share prices plunged Thursday on the Tokyo Stock Exchange after the Bank of Japan's quarterly "tankan" survey showed a dramatic fall in business confidence.
JAPAN
Apr 1, 1998

Crisis management chief named

The Cabinet next Tuesday will appoint Tadao Ando, 63, former superintendent general of the Metropolitan Police Department, as Japan's first crisis management administrator, Chief Cabinet Secretary Kanezo Muraoka said Wednesday.
JAPAN
Apr 1, 1998

BOJ board reveals economic beliefs

In a move that may symbolize the central bank's new transparency, newly appointed members of the Bank of Japan Policy Board on Wednesday clearly expressed their opinions about interest rates and the economy.
JAPAN
Mar 30, 1998

Tokyo-Okinawa dialogue urged

The central government must quickly narrow its differences with the Okinawa Prefectural Government over a controversial heliport plan for the U.S. forces, Defense Vice Minister Masahiro Akiyama stressed Monday.
JAPAN
Mar 26, 1998

Consumers need protection from 'Big Bang,' lawyers say

A financial services law to protect consumers from the impending "Big Bang" financial reform is urgently needed, the Japan Federation of Bar Associations told the Finance Ministry on March 26.
JAPAN
Mar 26, 1998

16 trillion yen stimulus plan packed with public works

The ruling Liberal Democratic Party on March 26 proposed the nation's largest-ever economic stimulus package, worth at least 16 trillion yen.
JAPAN
Mar 23, 1998

LDP rules out income tax cut for this year

The ruling Liberal Democratic Party decided Monday that it will not carry out a large-scale income tax cut this year, ruling out the possibility that such a measure will be included in a planned economic stimulus package.
JAPAN
Mar 23, 1998

Spain opens 'ExpoConsumo '98'

Spain kicks off its three-day exposition "ExpoConsumo '98" today in Tokyo as it seeks out more business opportunities and tourists from Japan.
JAPAN
Mar 20, 1998

Anniversary of subway nerve gas attack observed

Memorial events were held March 20 to mark the third anniversary of the deadly Tokyo subway nerve gas attack, which key members of Aum Shinrikyo have been accused of carrying out.
JAPAN
Mar 20, 1998

'Layman' stands behind BOJ chief

Sakuya Fujiwara, the Bank of Japan's new senior deputy governor, said he wants to contribute to the central bank from his unique position as a "layman who does not know the theory and practice" of financial issues.
JAPAN
Mar 20, 1998

Hayami takes helm of Bank of Japan

Masaru Hayami took the helm as governor of the trouble-stricken Bank of Japan on March 20, emphasizing the need for the central bank to protect its independence and ensure transparency in policymaking as the revised BOJ Law takes effect April 1.
JAPAN
Mar 19, 1998

Domestic auto demand likely to increase 7%, JAMA says

Despite the faltering economy, domestic demand in the auto market is likely to increase by 7 percent in the 1998 business year over the current business year to March 31, the Japan Automobile Manufacturers Association announced March 19.
JAPAN
Mar 19, 1998

Aum Three Years Later: Cult seen on steady path to rebirth

Second of three parts
JAPAN
Mar 19, 1998

Finance official arrested in stimulants bust

A public corporation official on loan from the scandal-hit Finance Ministry and a high school teacher are among a group of five men arrested on suspicion of buying and possessing amphetamine stimulants, police said March 19.
JAPAN
Mar 18, 1998

State to withdraw 400 million yen claim against Aum

The government intends to withdraw a claim for more than 400 million yen against Aum Shinrikyo, which has been declared bankrupt, Chief Cabinet Secretary Kanezo Muraoka indicated March 18.

Longform

Mamoru Iwai, stationmaster of Keisei Ueno Station, says that, other than earthquake-proofing, the former Hakubutsukan-Dobutsuen (Museum-Zoo) Station has remained untouched.
Inside Tokyo's 'phantom' stations — and the stories they tell