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JAPAN
Sep 25, 1997

Prosecutors raid Nikko in 'sokaiya' payoff probe

Nikko Securities Co.'s head office in Tokyo was raided Sept. 25 by prosecutors and members of the Securities and Exchange Surveillance Committee in connection with the brokerage's suspected illegal payoffs to "sokaiya" corporate extortionist Ryuichi Koike.
JAPAN
Sep 19, 1997

Honda unveils fuel-efficient drive system

Honda Motor Co. has unveiled a new motor-assisted driving system that will drastically improve fuel efficiency and reduce carbon dioxide emissions.
JAPAN
Sep 18, 1997

Internet phone rattles industry

The recent liberalization of international Internet telephone services is leading to a variety of rates and a mushrooming of service operators.
JAPAN
Sep 16, 1997

Bank workers' salaries continue to grow

Amid public criticism against high salaries in the protected banking industry, an average banker earned slightly more in fiscal 1996 than the year before, a Tokyo-based research company said Sept. 16.
JAPAN
Sep 11, 1997

New Akashi bridge threatens ferry company jobs

Staff writer
JAPAN
Sep 11, 1997

MMC affiliate in Taiwan unveils sport-utility wagon

Staff writer
JAPAN
Sep 10, 1997

Grounds of Universal site filled with excessive chemicals

Staff writer
JAPAN
Sep 9, 1997

U.S. beef industry gives reassurances to Japan

Faced with a recent E. coli outbreak allegedly caused by tainted beef, top executives of the U.S. Meat Export Federation and red meat industry reaffirmed their commitment to the Japanese market Sept. 9, expressing optimism about American beef sales this year.
JAPAN
Sep 9, 1997

Native materials may be future key to sustainable growth

Staff writer
JAPAN
Sep 8, 1997

Hongkong Bank poised to play

Sixth in an occasional series on the Big Bang financial reforms
JAPAN
Sep 2, 1997

Variable-rate auto insurance arrives today

The Japanese branch of American Home Assurance Company on Sept. 2 begins mail-order sales of differentiated-rate auto insurance, the first of its kind in Japan.
JAPAN
Aug 29, 1997

Prudential prepared to tailor-make new products

Fifth in an occasional series on the Big Bang financial reforms
JAPAN
Aug 29, 1997

Kansai police braced for gang war

OSAKA -- More than 3,200 Hyogo and Osaka police officers are on alert after the boss of a powerful gang was gunned down late August 28 in a Kobe coffee shop.
JAPAN
Aug 28, 1997

ORIX unveils 'cheap' insurance

ORIX Life Insurance Corp. will introduce Sept. 1 what it calls "unprecedented cheap" life insurance products available only through mail order, the firm announced August 28.
JAPAN
Aug 26, 1997

Firm aims at Japan market for new-style entertainment

New types of entertainment facilities that are family-oriented and regionally based are suitable for the Japanese market and will grow in the future, the head of Orlando-based ITEC Productions, said August 26.
JAPAN
Aug 21, 1997

PCBs at park site not Universal Studios theme

Staff writer
JAPAN
Aug 21, 1997

Osaka monorail extension opens

KADOMA, Osaka Pref.-- A 7.9-km extension of the Osaka Monorail Line linking Minami Ibaraki and Kadoma opens today.
JAPAN
Aug 15, 1997

Rain fails to dampen turnout at Yasukuni

Despite intermittent rain, thousands of war veterans and relatives of Japan's war dead visited Tokyo's Yasukuni Shrine on Friday, the 52nd anniversary of Japan's surrender at the end of World War II, to pay tribute to those who lost their lives in war.
JAPAN
Aug 12, 1997

Nation takes to speedy, on-line, hassle-free transactions

Staff writer
JAPAN
Aug 6, 1997

Police seize more counterfeit $100 bills

Police in Tokyo said August 6 that they have recently confiscated 500 false $100 bills that are believed to have been produced outside Japan.
JAPAN
Aug 5, 1997

DKB, Nomura penalties take effect today

Administrative penalties against Dai-Ichi Kangyo Bank and Nomura Securities Co. for their payoffs to a "sokaiya" corporate extortionist take effect August 6.
JAPAN
Aug 4, 1997

Alleged extortion try at DKB ends in arrest

A 70-year-old publisher was arrested August 4 for allegedly attempting to extort cash from Dai-Ichi Kangyo Bank after it canceled all subscriptions to magazines and other publications -- common sources of income for "sokaiya" corporate extortionists, police said.
JAPAN
Aug 1, 1997

Ex-mayor is sentenced to two years for bribes

Sanyu Ishii, who stepped down last year as mayor of the Tokyo suburb of Komae after incurring huge gambling debts, was sentenced August 1 to two years in prison and fined 4 million yen for accepting bribes from local construction firms.
JAPAN
Jul 31, 1997

Homes of top Yamaichi execs raided

Investigators carried out a raid on the homes of the chairman and the president of Yamaichi Securities Co. in Tokyo on July 31 over the alleged payoffs by the brokerage to a corporate racketeer.
JAPAN
Jul 31, 1997

Fujitsu looks to take over U.S. mainframe-maker Amdahl

Fujitsu Ltd. announced July 31 it will try to purchase all shares of Amdahl stock it does not yet own at $12 per share through an open takeover bid, with the total purchase price expected to be $850 million, pursuant to its definitive merger agreement.
JAPAN
Jul 30, 1997

Analysis: Bank's penalty an attempt to assuage public

Finance Ministry's decision July 30 to order Dai-Ichi Kangyo Bank to refrain from extending loans to new customers until the end of the calendar year was an attempt to show that it is seriously trying to tackle wrongdoing in the financial markets.
JAPAN
Jul 30, 1997

Analysis: Nomura should weather sanctions nicely

The administrative penalty imposed July 30 on Nomura Securities Co. by the Finance Ministry over payoffs to a corporate extortionist will certainly hurt the nation's leading brokerage, but the pain may not last for very long.
JAPAN
Jul 24, 1997

Hatchet-wielding man injures two in Osaka

OSAKA -- A man struck two passersby with a hatchet early July 24 in a park in Higashi-Osaka, Osaka Prefecture, inflicting serious injuries, police said.
JAPAN
Jul 24, 1997

Koike got illegal payoffs, Nomura president admits

Nomura Securities Co. gave illegal payoffs of roughly 370 million yen to a "sokaiya" corporate extortionist as a token of gratitude for his refraining from disturbing its general shareholders' meeting in 1995, the president of the brokerage acknowledged July 24 at an open Finance Ministry hearing.
JAPAN
Jul 23, 1997

FTC finds no illegalities with Fuji Film practices

After 15 months of investigation, the Fair Trade Commission concluded July 23 that it sees nothing illegal with Fuji Photo Film's business practices, effectively turning down Washington's calls for stricter implementation of the Antimonopoly Law.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami