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EDITORIALS
Feb 15, 2000

UNCTAD to the rescue?

Bangkok is the perfect place to hold the 10th meeting of the United Nations Conference on Trade and Development, which convened Saturday and continues through this week. Thailand has seen firsthand the promises and the perils of globalization. The Asian financial crisis that sparked fears of a global...
JAPAN
Feb 10, 2000

Ishihara continues to push for bank tax

Despite criticism from the central government, Tokyo Gov. Shintaro Ishihara took another step Thursday toward levying a 3 percent tax on banks by briefing party representatives of the Tokyo Metropolitan Assembly. To go into effect, the proposal must be approved by the assembly during its regular session,...
JAPAN
Feb 3, 2000

DCI unveils programming for digital data broadcasts

Digital Cast International Ltd. on Thursday unveiled programs it plans to deliver on a digital data broadcasting service it is planning to launch Dec. 1. The Tokyo-based broadcaster will offer a 24-hour schedule of news, weather forecasts, local government bulletins, sales programs for books, regional...
COMMENTARY / World
Jan 30, 2000

Can hard industry spike the Net bubble?

Time Warner's one-two megamerger punch, first with America Online then with British music giant EMI Group, followed last week by shares of Yahoo Japan Corp. exceeding 100 million yen, sent many investors and observers searching for a psychological safety blanket.
JAPAN
Jan 30, 2000

Tokyo barely balances budget despite spiking haloed items

The Tokyo governor has lost 7,000 supporters for his next election, promises marathon aficionado Taeko Hara.
JAPAN
Jan 27, 2000

Softbank unit, Lehman form online bond-trading venture

Softbank Finance Corp. and Lehman Brothers announced on Thursday the establishment of a joint venture tasked with operating Japan's first online bond-trading system. Named E-Bond Securities Co., the new brokerage will operate a proprietary trading system to deal mostly in municipal bonds, bank debentures...
JAPAN
Jan 21, 2000

French back weaker yen

French Finance Minister Christian Sautter on Friday said he still shares Japan's concern over the yen's appreciation.
JAPAN
Jan 19, 2000

Gradual regional improvement cited

The chiefs of the Finance Ministry's local finance bureaus reported Wednesday a gradual improvement in the nation's regional economies since they last met in September.
JAPAN
Dec 20, 1999

Miyazawa unveils 85 trillion yen budget

Finance Minister Kiichi Miyazawa on Monday proposed a draft general-account budget for fiscal 2000 worth 84.99 trillion yen intended as the "final push" for economic recovery. The budget, featuring massive public works spending and expanded funds to handle bank failures, is the largest-ever and 3.8...
JAPAN
Dec 2, 1999

Kumamoto Family makes official funds request

Capital-depleted Kumamoto Family Bank formally applied Thursday to the Financial Reconstruction Commission for 30 billion yen in public funds, the bank said. The Kumamoto-based second-tier regional bank also submitted to the FRC a management improvement plan, including a 14 percent personnel cut and...
JAPAN
Nov 12, 1999

No progress in renewal talks for Saudi oil field

Japan and Saudi Arabia made little progress during negotiations held in Riyadh by the two governments earlier this week to renew oil-drilling rights for Tokyo-based Arabian Oil Co., trade chief Takashi Fukaya said Friday.
JAPAN
Nov 8, 1999

Coalition's nursing care rift on the mend

Staff writer
JAPAN
Nov 5, 1999

FBI chief urges joint crime efforts

Louis Freeh, Director of the FBI, said Friday that law enforcement organizations in Japan and the U.S. need to cooperate more to combat the growing threat of cross-border organized crime.
JAPAN
Nov 1, 1999

Yokoyama stays mute in sex suit

OSAKA -- Lawyers for Osaka Gov. "Knock" Yokoyama on Monday again remained silent in court over sexual harassment charges against their client, effectively accepting defeat in the 15 million yen damages suit brought by a 21-year-old female university student.
JAPAN
Oct 29, 1999

Banks urged to curb loans to 'shoko'

Financial Reconstruction Commission Chairman Michio Ochi said Friday that he has urged Katsuyuki Sugita, chairman of the Japanese Bankers Association, to restrain bank lending to "shoko" commercial loan companies.
JAPAN
Oct 18, 1999

Nissan Motor to cut five factories, 21,000 jobs

Nissan Motor Co. revealed Monday a drastic restructuring plan that includes closing five factories and slashing 21,000 jobs worldwide.
JAPAN
Oct 13, 1999

Palestinians to open Japan office

The Palestinian Authority hopes to establish a representative office in Japan in the near future, a minister of the authority said Thursday in Tokyo.
COMMENTARY / World
Oct 9, 1999

Skeletons in Yeltsin's closet

The debate over who lost Russia is intensifying as the U.S. presidential election draws near. Although the United States' policies toward post-Soviet Russia have been bipartisan, politicians sense that Vice President Al Gore is especially vulnerable because of his cochairmanship of the Gore-Chernomyrdin...
JAPAN
Sep 22, 1999

Measures sought to seize more Aum assets

Court-appointed administrators for Aum Shinrikyo will seek legislative measures to enable them to seize additional assets from the religious cult, their representative said Wednesday.
JAPAN
Sep 20, 1999

Cresvale's office blames parent for investor losses

The Tokyo branch of Cresvale International Ltd. said Monday it knew nothing about the losses incurred on the privately placed bonds it had marketed since 1991, blaming its parent company for the mismanagement of clients' money.
JAPAN
Sep 16, 1999

Japan to finance peacekeeping force for East Timor

Japan will contribute a "substantial" sum to a United Nations trust fund to finance a multinational force intended to restore order in East Timor, but will not dispatch any personnel until stability has been established, Foreign Minister Masahiko Komura said at a press conference Thursday.
JAPAN
Aug 24, 1999

Bank customers detail need for new deposit safety net

A safety net is needed to protect deposits in business transaction accounts and to ensure fast refunds if banks fail after fiscal 2000, a cross section of bank customer representatives said Tuesday.
JAPAN
Jun 11, 1999

Business, labor groups elated

The nation's five major business and labor organizations expressed appreciation Friday for the government's package to boost the job market and improve industrial competitiveness, according to government officials.
JAPAN
Jun 4, 1999

UNEP kicks off third global photo contest

The head of the U.N. Environment Program announced Friday in Tokyo the launch of the world's largest photography contest in anticipation of World Environment Day.
COMMENTARY / World
Jun 2, 1999

France's Corsican question

PARIS -- "France," according to one of its best-known poets and political thinkers, Paul Valery, "is the most heterogeneous country that ever existed." The present tragedy in Kosovo makes this sound hyperbolic, yet there is an element of truth in it. The French who live on the shores of the Mediterranean,...
JAPAN
May 27, 1999

RCC plans to purchase bad loans in June

The Resolution and Collection Corp. hopes to start buying bad loans from healthy banks in late June or July, its president said Thursday.
JAPAN
May 24, 1999

Ishihara firing from hip at status quo

Staff writer
EDITORIALS
May 23, 1999

Break the corporate extortion habit

The report that as many as 59 leading Japanese companies were victims of extortion by "sokaiya" corporate racketeers, so-called rightist groups, organized gang members and other criminals in 1998 was treated as a major revelation by the mass media. The news came as the result of a survey conducted early...
EDITORIALS
May 14, 1999

Mr. Rubin moves on

Mr. Robert Rubin, the U.S. secretary of the Treasury, will step down from his post this summer. The move was expected. Mr. Rubin had talked to confidants about his desire to return to Wall Street. Still, the announcement surprised markets. The dollar, bond prices and the Dow Jones Industrial Average...
JAPAN
Apr 30, 1999

Ishihara repeats junk bond pledge

Tokyo Gov. Shintaro Ishihara said Friday his campaign pledge to establish a junk bond market -- a high yield stock market for small and midsize enterprises -- will be realized within the year.

Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic