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JAPAN
Feb 24, 1999

ESCAP environmental meeting kicks off in Kobe

KOBE — Senior officials of several Northeast Asian nations began a three-day meeting Wednesday to promote environmental cooperation in the region.
LIFE / Digital / CYBERIA
Feb 10, 1999

You've got e-mess!

Calling the Internet a borderless world isn't far from the truth, but try saying that every time you get an e-mail you can't read. You know, one of those buggers that is full of incomprehensible code or one that has a mysterious file attached that refuses to open no matter how hard you click it.
JAPAN
Jan 26, 1999

Kobe asks ministry to OK airport plan

KOBE — The Kobe Municipal Government applied Tuesday to the Transport Ministry for approval of its plan to reclaim land off the port of Kobe to build a new airport.
JAPAN
Dec 22, 1998

Japanese hawks get their spy satellites

The government Tuesday officially approved a project to assemble four reconnaissance satellites by fiscal 2002.
JAPAN
Dec 11, 1998

Government presents LTCB restructuring plan

The troubled Long-Term Credit Bank of Japan, now under temporary state control, submitted a restructuring plan to the government pledging more job cuts and decreased overseas operations, the president of the LTCB announced Friday.
JAPAN
Dec 10, 1998

Tokyo-Pyongyang tensions elicit more Defense disclosure

Five-year-old tensions between the U.S. and North Korea are intensifying, and Japan is growing increasingly nervous about the prospects of another missile launch from its reclusive neighbor.
JAPAN
Oct 23, 1998

Government nationalizes Long-Term Credit Bank of Japan

The government placed the troubled Long-Term Credit Bank of Japan under state control Friday after the bank reported it may have to suspend repayments of deposits and other obligations.A report released by the Financial Supervisory Agency on the same day said the LTCB is insolvent, with liabilities...
JAPAN
Oct 7, 1998

Justice minister urges swift probe into bank execs

Justice Minister Shozaburo Nakamura called Wednesday on senior public prosecutors from across Japan for swift and rigid action in any criminal liability cases against executives of failed financial institutions.Speedy and strict investigation is also needed for those who obstruct the collection of loans...
JAPAN
Oct 1, 1998

Newly merged Namihaya begins banking

OSAKA -- Namihaya Bank, the first merged firm born under the revised Deposit Insurance Law, started operations Thursday after integrating operations of the ailing Fukutoku and Naniwa banks.The two Osaka-based regional banks, saddled with mounting bad loans, were merged under the revised law, which allows...
JAPAN
Sep 24, 1998

Trash sticker thief bagged

A 48-year-old man faces charges for stealing stickers identifying nonhousehold waste from trash bags in Tokyo's Ginza district and using them on his own garbage, it was learned Thursday.
JAPAN
Sep 18, 1998

Parties reach agreement on finance bills

The government and the Liberal Democratic Party reached basic agreement with opposition parties Friday on key financial stabilization bills, clearing a major hurdle before Prime Minister Keizo Obuchi's upcoming trip to the United States.
JAPAN
Sep 14, 1998

LDP offers to dump public funds use laws

In an attempt to strike a deal with the opposition camp, the Liberal Democratic Party offered Monday to scrap two financial stabilization laws that allow the injection of public funds into troubled banks.
JAPAN
Sep 11, 1998

Pollution-disclosure conference ends with U.N. address

The Pollutant Release and Transfer Registers conference came to an end Friday with a statement urging several international organizations to aid developing countries and economies with their efforts to build national PRTR systems.
JAPAN
Sep 4, 1998

Opposition vows to fight LTCB bailout

Three major opposition parties told the Diet on Friday they are determined to block any government move to inject public funds into the ailing Long-Term Credit Bank of Japan.
JAPAN
Aug 18, 1998

DIC to aid Namihaya Bank merger through loan purchase

OSAKA -- Deposit Insurance Corp. will purchase roughly 250 billion yen worth of nonperforming loans held by two second-tier regional banks here ahead of their merger in October, sources close to the matter said Tuesday.
JAPAN
Jul 23, 1998

Softbank, NTT Data, Orix form cybersales firm

NTT Data Corp., Orix Corp. and Softbank Corp. will jointly establish a firm next week to sell computers and office supplies on the Internet to corporate customers, top executives of the three companies announced Thursday.
JAPAN
Jul 6, 1998

Shortfall in fiscal '97 revenue reported

The government suffered its first revenue shortfall in four years in fiscal 1997, mainly because of a substantial drop in corporate tax revenues amid the sluggish economy, according to preliminary figures released Monday by the Finance Ministry.
JAPAN
Jul 3, 1998

State revenue shortfall to exceed one trillion yen

Japan's revenue for fiscal 1997, which ended March 31, will probably fall below expenditures by 1.5 trillion yen, due mainly to a substantial drop in corporate tax revenues amid the stagnant economy, informed sources said Friday.
JAPAN
Jul 2, 1998

Government approves 'bridge bank' scheme

The government on Thursday formally approved a "bridge bank" plan to take over banks that fail and extend loans to their sound borrowers.
JAPAN
Jun 29, 1998

Erasmus statue comes home after 400 years

A wooden statue of Dutch humanist scholar Desiderius Erasmus (1466-1536) is back in his native Netherlands for a special exhibition after nearly 400 years in Japan.
JAPAN
Jun 26, 1998

Ailing LTCB moves toward merger with Sumitomo Trust

The Long-Term Credit Bank of Japan, suffering a battering in the market over its financial problems, seeks to merge with Sumitomo Trust & Banking Co. in what is largely seen as its de facto absorption, industry sources said Friday.
JAPAN
Jun 23, 1998

Task force agrees to set up 'bridge bank'

A joint task force of the government and the ruling Liberal Democratic Party agreed Tuesday to create a government-backed special bank to expedite disposal of bad loans held by commercial banks.
JAPAN
Jun 17, 1998

Partytalk: Kato vows to attack bad loans

Second in a series
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
Mar 30, 1998

Appliance-recycling study needed to charge users, makers say

Home appliance manufacturers need to thoroughly study recycling methods to determine the costs to be borne by consumers, according to an industry group.
JAPAN
Mar 18, 1998

Metropolitan parties oppose rise in Tokyo service costs

Members of the Liberal Democratic Party, Komei and the Democratic Party of Japan in the Tokyo Metropolitan Assembly said March 18 that they will jointly oppose most ordinance bills submitted by the governor to raise charges for government facilities and services, including one for garbage collection...
JAPAN
Mar 17, 1998

1.4 trillion yen in public funds allocated to 17 banks

The Cabinet on March 17 approved a 1.42 trillion yen injection of public funds into 17 major banks ahead of the March 31 end of the fiscal year.
JAPAN
Mar 9, 1998

Bill to make wards municipalities

The Home Affairs Ministry plans to submit a set of bills to the Diet March 10 to revise laws to convert Tokyo's 23 wards into full-fledge municipalities in April 2000, ministry officials said March 9.
JAPAN
Jan 8, 1998

Finance revision to qualify preferred stock buys by DIC

Financial institutions that want the Deposit Insurance Corp. to purchase their preferred stock will first be required to submit management improvement plans to ensure that public funds will not be used too freely to bail out ailing banks, a top Finance Ministry official said Thursday.Banking Bureau...
JAPAN
Dec 25, 1997

Minister favors conversion of wards into municipalities

Home Affairs Minister Mitsuhiro Uesugi has expressed support for a plan to convert Tokyo's 23 wards into full-fledged municipal bodies, Tokyo Gov. Yukio Aoshima said Thursday.

Longform

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What it takes to save lives on Mount Fuji