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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.
JAPAN
Jul 22, 1997

Refinery staff may have been exposed to gas

AKITA -- Seven refinery workers have reportedly been hospitalized with symptoms indicative of severe colds, but according to the Akita Labor Standards Inspection Office, the workers are suffering from gas poisoning stemming from exposure to sulfuric compounds.
JAPAN
Jul 18, 1997

Business leaders say Japanese-style management outdated

KARUIZAWA, Nagano Pref. -- Japanese-style management must undergo reform to place more focus on shareholders and establish effective corporate governance, according to business leaders at the 12th summer seminar of the Japanese Association of Corporate Executives (Keizai Doyukai).
JAPAN
Jul 18, 1997

Imported corn is from China, not North Korea

The government has discovered that the corn unloaded from a North Korean freighter at Aomori port was produced in China, Chief Cabinet Secretary Seiroku Kajiyama said July 18.
JAPAN
Jul 18, 1997

Insurance group won't push failed firm on dealings

The new chairman of the Life Insurance Association of Japan said July 18 that the group will only question the responsibility of the former management of insolvent Nissan Mutual Life Insurance Co. if a legal violation is uncovered.
JAPAN
Jul 15, 1997

Nomura facing stiff punishment

The Securities and Exchange Surveillance Commission on July 15 issued a recommendation to the finance minister to take punitive action against Nomura Securities Co. and four former Nomura executives for making illegal paybacks to a "sokaiya" corporate racketeer.
JAPAN
Jul 10, 1997

Firms want blue-collar visa to ease labor shortage

OSAKA -- Prompted by serious concerns among small and medium-size firms over the shortage of blue-collar labor, the Osaka Chamber of Commerce and Industry on July 10 created a working group to discuss how to attract more workers from foreign countries.
JAPAN
Jul 10, 1997

Tokyo, Kanagawa bow to wiretap ruling

The central government and Kanagawa Prefecture said July 10 they will not appeal a June 26 high court ruling ordering them to pay about 4 million yen in damages for the 1986 wiretapping of the home phone of then Japanese Communist Party official Yasuo Ogata.
JAPAN
Jul 4, 1997

Photos of young Kobe suspect spark demand for recall

Justice Minister Isao Matsuura denounced the Shinchosha publishing house July 4 and demanded that it immediately recall copies of its two magazines that ran a photo of the 14-year-old Kobe youth being held in the murder of schoolboy Jun Hase.
JAPAN
Jul 1, 1997

Concert to list shares on TSE in autumn

Concert PLC, a global telecom firm to be established this fall by a merger of British Telecommunications PLC and MCI Communications Corp., will list its shares on the Tokyo Stock Exchange immediately after the company is formed.
JAPAN
Jun 27, 1997

2,355 firms face shareholders under 'sokaiya' spectre

A record 2,355 listed and unlisted companies nationwide held their annual shareholders' meetings June 27 with 10,000 police officers mobilized to keep "sokaiya" corporate extortionists in check, the National Police Agency said.
JAPAN
Jun 25, 1997

Corporate Governance: Take charge from within

A more balanced internal structure and chain of responsibility are the key to stemming the rash of corporate misconduct plaguing the country's major firms, according to Takanori Matsuura, an expert in Japanese corporate culture.
JAPAN
Jun 20, 1997

Next ANA chief wants stability after upper-level turmoil

Harmony and cooperation are his motto, says Kichisaburo Nomura, the president-designate of All Nippon Airways Co., which has been recently rocked by turmoil in top management over personnel matters.
JAPAN
Jun 20, 1997

Insurers finalize Nissan Mutual liquidation scheme

The Life Insurance Association of Japan endorsed a liquidation scheme June 20 for Nissan Mutual Life Insurance Co. that will create a new entity to manage its policies and write off an estimated 100 billion yen worth of the failed insurer's debts over a period of five years.
JAPAN
Jun 18, 1997

Ex-patient faces 15 years for killing his doctor

Prosecutors demanded a 15-year prison term June 18 for a 39-year-old Saitama Prefecture man accused of murdering his former doctor in a Tokyo railway station in 1994.
JAPAN
Jun 16, 1997

New venture promises free home-page setups

Internet users will be able to open their home pages for free in a "cybercity" that will be launched as early as September, Softbank Corp. and California-based GeoCities Corp. announced June 16.
JAPAN
Jun 13, 1997

Taunting killer's note linked to word processor

KOBE -- Investigators have pinpointed the maker of a word processor believed used by the killer of an 11-year-old Suma Ward boy last month to write a message sent to the daily Kobe Shimbun, informed sources said June 13.
JAPAN
Jun 11, 1997

JAS to ax or restructure unprofitable routes

As part of its mid-term management plan, Japan Air System Co., will restructure some 20 domestic routes running in the red, including the suspension of some services, JAS President Hiromi Funabiki said on June 11.
JAPAN
Jun 11, 1997

Sony ships 16 millionth PlayStation

Sony Computer Entertainment Inc. announced June 11 that total shipments of its PlayStation home video game machine reached 16 million as of the end of May.
JAPAN
Jun 9, 1997

Keidanren suspends DKB, Nomura over 'sokaiya' outlays

The Japan Federation of Economic Organizations (Keidanren) will suspend Nomura Securities Co. and Dai-Ichi Kangyo Bank from participation in its activities for a year due to their recent involvement in dubious activities, the federation's chairman, Shoichiro Toyoda, said June 9.
JAPAN
Jun 9, 1997

Sansei cop urges revival of traditional Japanese values

Good, old Japanese values are dying out in Japan but still thrive outside the country, says a former Los Angeles police detective who led an international probe into a 1981 murder case widely known here as "L.A. suspicion."
Wealthy foreign nationals picking up ultimate souvenir — a condo in Tokyo
A high-end property in the fashionable Daikanyama district in Tokyo
Bank of Japan to start unloading ETFs in surprise move that rattles market
BOJ Gov. Kazuo Ueda said it would take a century for the bank to sell all its ETFs at the pace proposed.
Over 90% of low-income families in Japan struggling to feed children
Save the Children Japan domestic program chief Sonoko Kawakami speaks at a news conference in Tokyo in July. A survey conducted by the group in June has found that over 90% of low-income households with children face food insecurity.
JAL to punish president and 36 others over pilot drinking scandal
Japan Airlines Managing Executive Officer Yukio Nakagawa (center) and others apologize after one of the airline's pilots was found to have been drinking alcohol, during a news conference in Tokyo on Sept. 4.
After seven decades, is it finally time for the LDP to split up?
Signage atop the Liberal Democratic Party headquarters in Tokyo. Japan’s ruling party faces a tough decision over its future as it searches for a new leader to replace outgoing Prime Minister Shigeru Ishiba, reverse its waning popularity and reassure investors
World Athletics stars relish Tokyo atmosphere after COVID-hit Olympics
Organizers of the World Athletics Championships said over 500,000 tickets had been sold and that they are expecting to end the event in front of large crowds this weekend.
Japan’s front-line researchers see bright path ahead for dementia treatment
A scientist looks at scans of grains at the Memory Centre at the Department of Readaptation and Geriatrics of the University Hospital (HUG) in Geneva, Switzerland, on June 6, 2023.
Still plenty to fight for, says Japan’s team leader at worlds
Race walker Hayato Katsuki earned bronze for Japan on the opening day of the World Athletics Championships on Saturday.
Wealthy foreign nationals picking up ultimate souvenir — a condo in Tokyo
A high-end property in the fashionable Daikanyama district in Tokyo
Japanese athletes inspired by raucous home fans at World Athletics Championships
Fans cheer on the home favorites during the women's marathon at the World Athletics Championships in Tokyo on Sunday.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’
By Alex K.T. Martin

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