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JAPAN
Dec 7, 1998

MOX assured safe for use in Fukui nuclear reactors

A planned project by Kansai Electric Power Co. to use recycled plutonium to fuel nuclear reactors in Takahama, Fukui Prefecture, assures nuclear safety, a government panel on nuclear safety concluded Monday.
JAPAN
Dec 2, 1998

Calls rising within BOJ to aid firms, minutes show

Calls from Bank of Japan Policy Board members for the central bank to make additional efforts to support corporate financing were more apparent than at the Oct. 28 meeting, according to the minutes of the meeting released Wednesday.
JAPAN
Dec 2, 1998

Aborigines protest Osaka utility's uranium mine link

Staff writer
JAPAN
Nov 24, 1998

Sony cofounder's heirs left 9.96 billion yen inheritance

Masaru Ibuka, who turned a local factory into internationally renowned Sony Corp., left an inheritance worth roughly 9.96 billion yen when he died in December, taxation authorities said Tuesday.
JAPAN
Nov 23, 1998

Mita Industrial chief to be served bribery warrant

OSAKA -- The former president of failed photocopier maker Mita Industrial Co. will soon be served an arrest warrant on suspicion of bribing a certified public accountant and asking him to look over the firm's suspected falsification of accounts, investigative sources said Monday.
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

Justsystem posts losses in battle with Microsoft

Justsystem Corp. on Thursday reported midterm losses for the April-September period after being battered in fierce competition with computer software giant Microsoft Corp.
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 9, 1998

BT slates start of corporate telecom services

BT Communications Services Inc., an affiliate of British Telecommunications PLC, will launch new international services for corporate users beginning in February, officials of the BT group announced on Monday.
JAPAN
Nov 9, 1998

Ito-Yokado goes on nationwide tax-fighting sale

Ito-Yokado, one of the nation's leading supermarket chains, said Monday it will again offer a 5 percent discount on sales, this time for five days starting Wednesday at outlets nationwide except for Hokkaido.
JAPAN
Nov 9, 1998

Yaohan ex-chief, execs held in dividend scam

SHIZUOKA -- The ex-president of defunct supermarket chain Yaohan Japan Corp. was arrested by police Monday along with two other executives on suspicion balance sheets were falsified to pay shareholders illegal dividends.
JAPAN
Nov 3, 1998

Lower costs fuel boom in exotic, quirky overseas weddings

Regional correspondent
JAPAN
Nov 1, 1998

BOJ financing on track, board notes

Signs of a recent move by the Bank of Japan's Policy Board to take a series of new steps to enhance corporate financing were noted in its Oct. 13 meeting, according to the minutes released Wednesday.
JAPAN
Oct 30, 1998

Northwest begins booking flights online

Northwest Airlines, Inc. has become the first foreign air carrier to accept ticket reservations and purchases through its Japanese Web site, the company announced Friday.The Internet service covers flights by Northwest Airlines and its partner, KLM Royal Dutch Airlines. Customers can book and buy yen-denominated...
JAPAN
Oct 30, 1998

JAL first-half profits down 9.1%

Japan Airlines Co. reported 27.8 billion yen in operating profits on an unconsolidated basis for the first half of fiscal 1998, down 24.4 percent from the same period of the previous year, due to the downward trend of air fares, the officials announced on Friday.For the April-September period JAL posted...
JAPAN
Oct 30, 1998

Global satellite phone systems prepare to power up

Staff writerA new global satellite phone system that promises to release users from the fetters of conventional, bulky and cumbersome mobile phones currently in use begins service Sunday amid mixed expectations regarding its success.Nippon Iridium Corp.'s new Iridium service will provide customers with...
JAPAN
Oct 27, 1998

Small firms call out for faster government action

Small and medium-size companies urged the government Tuesday to accelerate efforts to substantially improve their business conditions, including early compilation of a large-scale third supplementary budget."Small and medium-size companies are facing an unprecedented crisis. We want the government to...
JAPAN
Oct 26, 1998

'Air Do' gets go-ahead for Sapporo-to-Tokyo flights

Hokkaido International Airlines obtained a license Monday from the Transport Ministry to operate regular passenger flights between Sapporo and Tokyo, thus becoming the second new carrier to enter the domestic airline market under ongoing deregulation efforts.The Sapporo-based firm, better known as "Air...
JAPAN
Oct 26, 1998

Kuwait seeks more investment from Japan

Kuwait hopes to attract more Japanese investment when it enacts a new investment law, Kuwaiti Deputy Prime Minister and Foreign Minister Sabah Al Ahmad Al Sabah told Prime Minister Keizo Obuchi on Monday.Sabah told Obuchi that Kuwait wants to expand relations with Japan in various areas, especially...
JAPAN
Oct 23, 1998

Faltering Ford charts new recovery path

Struggling to gain a foothold in Japan, senior officials of Ford Motor's Japanese subsidiary next week will begin visiting affiliated auto dealers across the country.
JAPAN
Oct 22, 1998

Kansai cop fired for 'avoiding' accident

OSAKA -- A 50-year-old police officer from the Izumisano Police Station was fired after it was disclosed that he arranged for a third person to be charged in an injury accident he caused in June while driving without a license, police said Thursday.The assistant inspector, who has not been named, received...
JAPAN
Oct 22, 1998

Nomura, Daiwa, Nikko awash in red ink

The nation's three largest securities companies all realized net losses for the first half of fiscal 1998 on an unconsolidated basis, they said in releasing midterm earnings reports Thursday.Nomura Securities Co., Daiwa Securities Co. and Nikko Securities Co., which all released results for the April-September...
JAPAN
Oct 19, 1998

Small firms get tips on coping with credit crunch

Managers from about 250 small and medium-size companies based in Tokyo gathered Monday for advice on coping with the worsening credit crunch.The Tokyo Chamber of Commerce hosted the seminar as many smaller firms are finding it difficult to obtain loans from Japanese financial institutions. Participants...
JAPAN
Oct 19, 1998

Six DKB execs freed for paying 'sokaiya'

The Tokyo District Court handed down suspended prison sentences Monday to six former Dai-Ichi Kangyo Bank executives in connection with the bank's illicit payments to "sokaiya" corporate extortionist Ryuichi Koike.Presiding Judge Kiyoshi Kimura sentenced former DKB Senior Managing Director Kenji Tanaka,...
JAPAN
Oct 19, 1998

Shiga rail crash hearings come to end

OSAKA -- The Osaka District Court concluded hearings Monday in a civil suit filed by relatives of some of the 42 people killed and 614 hurt in a head-on train collision in 1991 in Shigaraki, Shiga Prefecture.A group of 23 plaintiffs, relatives of nine of those killed, demanded a total of 1.14 billion...
JAPAN
Oct 19, 1998

Atami's fortune no longer springs eternal

Staff writerATAMI, Shizuoka Pref. -- This used to be one of the most popular spa resorts in Japan, with streets packed with yukata-dressed tourists and hotel rooms fully booked for company parties.But such memories have been fading in Atami. Hard-hit by earthquakes and the recession, the city's central...
JAPAN
Oct 14, 1998

Corporate failures in first half surge to postwar high

The number of corporate bankruptcies with debts of more than 10 million yen each totaled 10,034 during the first half of fiscal 1998 -- the April to September period -- major corporate research firm Teikoku Databank said Wednesday.It was the first time in 14 years the figure has exceeded 10,000 during...
JAPAN
Oct 14, 1998

Chiyoda Life, UNUM boost tieup

Chiyoda Mutual Life Insurance Co. and UNUM Corp., a major nonlife insurer in the United States, have agreed to strengthen their current sales tieup arrangements, with Chiyoda reinsuring UNUM's insurance contracts, the two companies said Wednesday.With the agreement, Chiyoda is the nation's first life...
JAPAN
Oct 13, 1998

Tax evasion, bribes earn Izui two years in prison

The Tokyo District Court sentenced oil dealer Junichi Izui to two years in prison Tuesday for tax evasion and bribery, and acquitted him on a fraud charge over a series of oil deals involving Mitsui Mining Co. and other firms.Presiding Judge Kohei Ikeda also levied 80 million yen in fines against the...

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