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JAPAN
May 15, 1997

Second-tier brokerages post dismal results

Low stock prices in the latter half of fiscal 1996 spelled dismal results for nine of the nation's 10 second-tier brokerages, almost all of which posted pretax losses for the year that ended in March, according to unconsolidated earnings reports released May 15.
JAPAN
May 12, 1997

Earthquake in Tohoku interrupts trains

A strong earthquake measuring 4 on the Japanese seismic scale to 7 jolted a wide area of northeastern Japan on early May 12, interrupting railway and expressway services. There were no immediate reports of injuries.
JAPAN
May 12, 1997

Callback services draw telecom giants' ire

Callback services, though introduced in Japan almost five years ago, continue to thrive under a certain veil of mystery.
JAPAN
May 9, 1997

Forced wartime laborer demands action, apology

A 75-year-old Korean resident applied to the Japan Federation of Bar Associations May 9 to take action over wartime forced labor, seeking an apology and compensation from the Japanese government and a mining company.
JAPAN
May 8, 1997

Religious group Ho-no-Hana failed to report income

A controversial religious group in Shizuoka Prefecture has failed to report some 4.7 billion yen in income, tax officials said May 8.
JAPAN
May 8, 1997

Making sense of the tax mystery for foreigners

Japan's tax system appears to be one of the most difficult concepts for foreigners to understand. It would come as no surprise if a foreigner working in the country -- in particular someone employed without a proper visa -- knew little or nothing about income tax returns.
JAPAN
Apr 29, 1997

Umeda Sky Building venue for German Import Fair

OSAKA -- The German Import Fair, the first ever of its type in Osaka, will be held at the Umeda Sky Building complex here from May 16 to 18.
JAPAN
Apr 25, 1997

Businesswomen discuss challenges of 21st century

Although the Japanese word for wife is "kanai," literally meaning "in the home," it should be changed to "kasoto," or "outside the home," said former Olympic gymnast and Upper House Councilor Kiyoko Ono in a speech April 25 to members of the 5th World Congress of Women Entrepreneurs.
JAPAN
Apr 25, 1997

NCB, Bankers Trust formally announce tieup

Nippon Credit Bank and Bankers Trust Company formally announced April 25 their agreement to collaborate on securitization of transactions and overseas financial business operations and to hold shares in each other.
JAPAN
Apr 25, 1997

Top strategist leaves Nomura

Nomura Securities Co.'s chief strategist, Atsushi Mizuno, will resign at the end of the month to take a similar position with the Tokyo operation of Deutsche Morgan Grenfell Capital Markets Ltd. on May 1, company sources said April 25.
JAPAN
Apr 24, 1997

Izui pleads guilty to tax evasion

Osaka-based oil dealer Junichi Izui pleaded guilty April 24 to committing massive tax evasion between 1992 and 1994.
JAPAN
Apr 23, 1997

Ministry considers punishment for Nomura

The Finance Ministry has begun studying details of the punishment to be imposed on Nomura Securities Co. over its shady stock deals and payments to a firm linked to a "sokaiya" corporate extortionist, according to ministry officials.
JAPAN
Apr 22, 1997

Woman arrested in knifing of pregnant woman

OSAKA -- A 22-year-old part-time worker was arrested April 22 on suspicion she asked her boyfriend to kill a pregnant postal worker, police said.
JAPAN
Apr 21, 1997

Yamaichi denies report it reimbursed Hanwa

Yamaichi Securities Co. denied on April 21 a newspaper report that it had reimbursed Hanwa Co., an Osaka trader, for investment losses.
JAPAN
Apr 18, 1997

WTO sought on Indonesia car row

Japan has initiated procedures to file a request with the World Trade Organization to set up a dispute settlement panel to examine Indonesia's national car policy, according to the Ministry of International Trade and Industry.
JAPAN
Apr 17, 1997

German Import Fair comes to Osaka

OSAKA -- The German Import Fair, the first ever of its type in Osaka, will be held at the Umeda Sky Building complex here from May 16 to 18.
JAPAN
Apr 16, 1997

Criminal charges sought against PNC, officials

The Science and Technology Agency has asked police to take criminal action against Power Reactor and Nuclear Fuel Development Corp. and some PNC officers over a series of accidents and ensuing coverup attempts at its atomic facilities, agency chief Riichiro Chikaoka said April 16.
JAPAN
Apr 15, 1997

Komae mayor also admits taking bribes

Former Mayor Mitsuo Ishii of Komae, Tokyo, who stepped down last June after amassing huge gambling debts, pleaded guilty April 15 to charges of bribe-taking in his first trial hearing before the Hachioji branch of the Tokyo District Court.
JAPAN
Apr 11, 1997

Saito denies buying Diet seat

Real estate company chief Mamoru Saito, who is allegedly involved in the Orange Kyosai Kumiai mutual aid society fraud, repeatedly denied Friday that he distributed money to politicians to buy a Diet position for Upper House member Tatsuo Tomobe.
JAPAN
Apr 11, 1997

ANA to help Skymark obtain license

All Nippon Airways has signed a contract with Skymark Airlines to provide technical assistance to help Skymark obtain a license to begin business, ANA President Seiji Fukatsu said Friday. In a news conference, Fukatsu said that the contract was signed in late February and that ANA will help Skymark procure...
JAPAN
Apr 9, 1997

TNT for SDF comes from South Korea

Chugoku Kayaku Corp., Japan's sole TNT maker, which suspended production after two explosions last year, has been importing the powder from South Korea since February for use in shells and missiles for the Self-Defense Forces, it was learned April 9.
JAPAN
Apr 9, 1997

24,000 crank calls result in arrest of rejected comic

A resident of Chiba Prefecture has been arrested for making thousands of crank calls to the offices of Kodansha, a major publishing house, police said.
JAPAN
Apr 9, 1997

Half of workers unhappy, poll finds

Nearly half the corporate employees surveyed are dissatisfied with their companies, with many complaining about their pay and management evaluation of their work, according to a survey by a publishing company.
JAPAN
Apr 8, 1997

CCPC buys 662.3 billion yen in loans

The Cooperative Credit Purchasing Co., a loan collection body set up by the nation's financial institutions, said April 8 that it bought loans worth 662.3 billion yen in principal terms during the latter half of fiscal 1996.
JAPAN
Mar 26, 1997

Realtor tight-lipped on Tomobe scandal

A Tokyo realtor who allegedly helped Tatsuo Tomobe win his Upper House seat in 1995 refused Mar. 26 to comment on the allegations, saying he did not want to incriminate himself.
JAPAN
Mar 21, 1997

Governor imprisoned for bribery, fined 120 million yen

A former governor of Miyagi Prefecture was sentenced Mar. 21 to 2 1/2 years in prison and fined 120 million yen for accepting 120 million yen in bribes from two companies while he was in office.
JAPAN
Mar 21, 1997

Exec tied to Tomobe scandal skips Diet testimony

Real estate company head Mamoru Saito, who is allegedly deeply involved in the Orange Kyosai Kumiai mutual aid society fraud, suddenly refused to give sworn testimony Mar. 21 before the Diet, claiming poor health.
JAPAN
Mar 20, 1997

Religious group failed to report income from 'donations'

A religious corporation based in Hakone, Kanagawa Prefecture, failed to report to tax authorities 360 million yen made on sales of Buddhist alters between fiscal 1993 and 1995, it was learned Mar. 20.
JAPAN
Mar 20, 1997

Volunteers may get academic credit

Cabinet ministers agreed Mar. 20 on a proposed legislative measure to grant academic credit to high school students who participate in certain extracurricular activities.
JAPAN
Mar 19, 1997

Demand for one-on-one tutors seen rising

A local elementary school is not the primary place of study for 11-year-old Risa Hishinuma of Tokyo's Taito Ward.

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