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JAPAN
Aug 10, 1998

Asian Women's Fund remains official sex slave redress policy

The government maintained its stance Monday of promoting the Asian Women's Fund to extend money to women who were forced to provide sex to Japanese soldiers before and during the war.
JAPAN
Jul 30, 1998

Housing Loan chief tells Cabinet to show, not tell

The outspoken head of the Housing Loan Administration Corp. on Thursday called on the new Cabinet of Prime Minister Keizo Obuchi to use actions, not words, to tackle the problems plaguing the nation.
JAPAN
Jul 28, 1998

Indonesia still in crisis, politician says

Indonesia remains in a state of crisis despite the May resignation of former President Suharto, Indonesian opposition leader Amien Rais said during a news conference Tuesday in Tokyo.
JAPAN
Jul 27, 1998

Brokerage houses Tokai Maruman, Nagai to merge

Nagoya-based Tokai Maruman Securities Co. has sealed a merger deal with medium-size Naigai Securities Co. in an effort to build up its retail presence in the Kansai, Chubu and Kanto regions, the two companies announced Monday.
JAPAN
Jul 24, 1998

New chief vows every effort to revive economy

Keizo Obuchi, new president of the ruling Liberal Democratic Party, pledged Friday to make every effort to revive the economy and regain the public's trust in politics.
JAPAN
Jul 24, 1998

'Bridge bank' bills set for Diet

Bills for the government "bridge bank" plan, aimed at resolving the bad-loan problem, are ready to be submitted at the outset of an extraordinary Diet session to convene later this month, Finance Minister Hikaru Matsunaga said Friday.
JAPAN
Jul 17, 1998

Shimizu admits charges in welfare pension scam, apologizes

OSAKA -- Former Higashi-Osaka Mayor Yukio Shimizu admitted to all charges brought against him in a welfare pension scam and apologized to the city's residents during the first hearing of his trial Friday at the Osaka District Court.
JAPAN
Jul 14, 1998

Obuchi prepares to run for LDP leadership

Foreign Minister Keizo Obuchi has decided to pursue the post being vacated by outgoing Prime Minister Ryutaro Hashimoto and has begun preparing his policy agenda, Liberal Democratic Party sources said Tuesday.
JAPAN
Jul 13, 1998

Hashimoto announces resignation

Prime Minister Ryutaro Hashimoto announced Monday that he will resign to take responsibility for the massive defeat of the Liberal Democratic Party in Sunday's Upper House election.
JAPAN
Jul 3, 1998

Hashimoto suggests permanent income tax cut is near

Prime Minister Ryutaro Hashimoto gave indications Friday that a permanent income tax cut may be included in the tax system reforms the government is soon expected to begin working.
JAPAN
Jun 24, 1998

Sanyo to liquidate in August if buyer not found

Troubled Sanyo Securities Co., which filed in November for application of the Corporate Rehabilitation Law, said Wednesday it was moving toward liquidation amid slim chances it will be bought.
JAPAN
Jun 17, 1998

Matsunaga, Hayami clash on bad loans

Finance Minister Hikaru Matsunaga disagreed Wednesday with Bank of Japan Gov. Masaru Hayami, saying commercial banks should not disclose some of their problem loans to avoid hurting borrower firms.
JAPAN
Jun 16, 1998

Matsunaga wary of granting RCB lending powers

Finance Minister Hikaru Matsunaga reacted cautiously Tuesday to using public money to reinforce the Resolution and Collection Bank so its functions can include lending.
JAPAN
Jun 12, 1998

Economy shrank 0.7% in fiscal 1997

The economy shrank by an annualized 5.3 percent during the last three months of fiscal 1997 compared with the previous quarter, leading to the nation's first annual economic contraction in 23 years, according to figures released Friday.
JAPAN
Jun 5, 1998

DKB beefs up stake in Kankaku

Kankaku Securities Co. formally announced Friday that it will shore up its capital base with 30 billion yen in aid from Dai-Ichi Kangyo Bank, making it a de facto subsidiary of the major city bank.
JAPAN
Jun 4, 1998

Top Hong Kong official defends dollar-to-dollar link

Hong Kong remains committed to retaining its link to the U.S. dollar through a currency board and has strong support from mainland China in defending its dollar, its top administrative officer said Thursday in Tokyo.
JAPAN
May 26, 1998

Talks on Indonesia's foreign debts expected to bear fruit

Negotiations between Indonesia and foreign businesses over the rescheduling of Indonesian firms' massive foreign debts is expected to bear some fruit, the head of Japan's banking industry said Tuesday.
JAPAN
May 26, 1998

Disgraced Finance officials take pension cuts

Two senior Finance Ministry officials who resigned in connection with a wining-and-dining scandal have applied for and been granted retirement allowances reduced below standard levels, Finance Minister Hikaru Matsunaga said Tuesday.
JAPAN
Apr 28, 1998

Orix takes over Yamaichi subsidiary

Orix Corp., the country's leading leasing firm, announced Tuesday the completion of its takeover of Yamaichi Trust & Bank, Ltd., a subsidiary of the failed Yamaichi Securities Co.
JAPAN
Apr 24, 1998

Saudi prince welcomes all kinds of investment

Saudi Arabia will spare no effort to accommodate Japanese investors, visiting Prince Salman Bin Abdulaziz said April 24.
JAPAN
Apr 20, 1998

BOJ branches report regional economies in decline

Regional economies have continued to worsen in many parts of the country as personal consumption and capital investment have either remained sluggish or declined, Bank of Japan branch heads said April 20.
JAPAN
Apr 20, 1998

Bureaucrat calls for progress report on bank lending

Finance officials should check the lending practices at banks to determine whether they have eased their stance on loans following the closure of their books in March, Vice Finance Minister Koji Tanami said April 20.
JAPAN
Apr 8, 1998

IMF official calls for big income tax cuts

Japan should map out an economic stimulus package that includes large-scale income tax cuts, a senior official of the International Monetary Fund said April 8 in Tokyo.
JAPAN
Apr 7, 1998

Top banker wants to keep post to protect industry's image

The president of the scandal-tainted Bank of Tokyo-Mitsubishi hinted April 7 that he should be kept on as the head of the banking federation to avoid amplifying foreigners' distrust in Japan's banking sector.
JAPAN
Mar 20, 1998

Hayami takes helm of Bank of Japan

Masaru Hayami took the helm as governor of the trouble-stricken Bank of Japan on March 20, emphasizing the need for the central bank to protect its independence and ensure transparency in policymaking as the revised BOJ Law takes effect April 1.
JAPAN
Mar 9, 1998

10 trillion yen stimulus eyed

The ruling Liberal Democratic Party will call for an additional economic stimulus package of more than 10 trillion yen after the Diet approves the fiscal 1998 state budget in April, top officials of the LDP have indicated.
JAPAN
Mar 4, 1998

U.S. affirms Japanese progress but calls for more deregulation

The United States, while acknowledging there has been some progress, urged Japan on Wednesday to make further efforts to achieve deregulation in the runup to the upcoming Group of Seven meeting in Birmingham, Britain.
JAPAN
Feb 17, 1998

Nation's top banker refuses to resign over bribe scandal

The president of the Bank of Tokyo-Mitsubishi said Tuesday that he will not resign from his position as head of a banking industry organization despite allegations that his bank bribed Finance Ministry officials.
JAPAN
Feb 3, 1998

Matsunaga open to debate on pump-priming measures

Finance Minister Hikaru Matsunaga said Tuesday he would welcome debate within the ruling Liberal Democratic Party on further pump-priming measures, but added the priority is to secure Diet passage of the supplementary and fiscal 1998 budgets.
JAPAN
Jan 30, 1998

Matsunaga appointed as new finance minister

Prime Minister Ryutaro Hashimoto named Lower House Budget Committee chairman Hikaru Matsunaga as the new finance minister Friday, entrusting him with the task of cleaning up the ministry's image in the wake of a bribery scandal.The scandal, in which two ministry inspectors were arrested earlier in the...
Foreign tourists with unpaid medical bills in Japan to be denied entry
Prime Minister Shigeru Ishiba speaks during ministerial meeting meeting on foreign residents in Japan on Friday at the Prime Minister's Office.
Japan eyes tougher rules for foreign residents and tax hike for tourists
A tax-free shop in Kyoto in April 2024. Last week, members of a Liberal Democratic Party study group drafted a proposal seeking to scrap the country's tax-free shopping system altogether.
Accidents raise concern over how Japan vets foreign drivers
Keita Ueno (right), the owner of Kiki Driving School and an instructor who supports both foreign nationals and Japanese citizens returning from abroad in getting their foreign driver’s licenses converted, is worried about the current lax system for the process.
Japan won’t wait for G7 summit for possible U.S. trade deal
Ryosei Akazawa, Japan's top negotiator in tariff talks with the U.S. speaks to reporters at the Japanese Embassy in Washington on Friday.
From ridicule to redemption: Rice crisis returns Koizumi to the spotlight
Agriculture minister Shinjiro Koizumi speaks to the media as he inspects a warehouse storing stockpiled rice in Kanagawa Prefecture on May 30.
What can Kenji Yanobe’s cosmic cats teach us about humanity?
Kenji Yanobe’s spacesuited cats are the main characters of “Ship’s Cat Island,” the inaugural exhibition at Hyper Museum Hanno in Saitama Prefecture.
From ridicule to redemption: Rice crisis returns Koizumi to the spotlight
Agriculture minister Shinjiro Koizumi speaks to the media as he inspects a warehouse storing stockpiled rice in Kanagawa Prefecture on May 30.
New Naoshima museum bets on Asia, not the West
Detail of Takashi Murakami, “Rakuchu-Rakugai-zu Byobu: Iwasa Matabei RIP” (2023-25)
Japan’s prison reform focuses on rehabilitation
Justice Minister Keisuke Suzuki speaks to reporters in Tokyo on Friday. Suzuki said preparations for the changes that will focus more on rehabilitation are being actively made at each correctional facility.
Accidents raise concern over how Japan vets foreign drivers
Keita Ueno (right), the owner of Kiki Driving School and an instructor who supports both foreign nationals and Japanese citizens returning from abroad in getting their foreign driver’s licenses converted, is worried about the current lax system for the process.

Podcast

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

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
By Alex K.T. Martin

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