Search - financial-news

 
 
JAPAN
Mar 10, 1999

Ishihara enters Tokyo race, splits LDP further

Prize-winning novelist and former Transport Minister Shintaro Ishihara formally declared Wednesday that he will run as an independent in the April 11 Tokyo gubernatorial election.
JAPAN
Mar 5, 1999

Shevardnadze asks for infrastructure help

Georgian President Eduard Shevardnadze asked trade chief Kaoru Yosano on Friday to help the former Soviet Union state develop a port and other infrastructure by utilizing trade insurance and yen loans, an official of the Ministry of International Trade and Industry said.
JAPAN
Jan 29, 1999

H.I.S. makes foray into securities business

Hideo Sawada, president of major discount travel agent H.I.S. Co., purchased a majority stake of Kyoritsu Securities Co., a midsize brokerage affiliated with now-defunct Yamaichi Securities Co., increasing its presence in the financial sector, it was announced Friday.
JAPAN
Jan 19, 1999

Mitsui, Chuo Trust plan biggest trust bank in 2000

Mitsui Trust & Banking Co. and Chuo Trust & Banking Co. announced Tuesday that they have reached basic agreement to merge in April 2000 to become the nation's biggest trust bank with a combined capital of more than 40 trillion yen.
JAPAN
Jan 18, 1999

Solution for Japan Inc. on the way: Yosano

By the end of this month, the government will map out a concrete scheme to help resuscitate the competitiveness of the nation's manufacturing and other industrial sectors, Kaoru Yosano, international trade and industry minister, said Monday.
JAPAN
Jan 14, 1999

Japan is prepared to help Brazil: Miyazawa

Should an international rescue package be prepared to help financially troubled Brazil, Japan is ready to contribute its fair share, Finance Minister Kiichi Miyazawa said Thursday.
JAPAN
Dec 17, 1998

Stimulus slowing economy's decline: BOJ

Japan's economic deterioration has slightly eased, mainly due to increased public works spending, but a self-sustained recovery of the private sector has yet to develop, Bank of Japan Gov. Masaru Hayami said Thursday.
JAPAN
Dec 16, 1998

LDP finalizes record 9.3 trillion yen tax cut plan

The ruling Liberal Democratic Party finalized a large package of tax revisions Wednesday allowing for a record 9.3 trillion yen in tax cuts for fiscal 1999.
JAPAN
Dec 14, 1998

NCB 'very regrettable,' Finance bureaucrat says

Vice Finance Minister Koji Tanami expressed regret Monday over the nationalization of Nippon Credit Bank but defended his ministry's decision last March to infuse public funds into the bank.
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
Nov 19, 1998

Daiwa, Sanwa to seek 900 billion yen in public funds

Daiwa Bank and Sanwa Bank, two of the nation's city banks, will ask for 300 billion yen and 600 billion yen each in public funds under the provisions of the newly adopted bank recapitalization law, officials of the two banks said Thursday as they released their midterm earnings reports.
JAPAN
Nov 17, 1998

Moody's downgrades Japanese government debt

Moody's Investors Service has taken Japanese securities issued or guaranteed by the government down a notch from its top Aaa ranking, the U.S. credit rating agency's Japanese unit said on Tuesday.
JAPAN
Nov 1, 1998

Obuchi at odds with Keidanren over APEC stance

Prime Minister Keizo Obuchi instructed his Cabinet members Tuesday to maintain Japan's opposition to early market-opening of forestry and fishery products during upcoming meetings of the Asia-Pacific Economic Cooperation forum in Malaysia.
JAPAN
Oct 20, 1998

FSA to pressure banks to apply for money

The Financial Supervisory Agency will strongly urge banks to apply for capital injection under the new bank recapitalization law, FSA Commissioner Masaharu Hino said Tuesday.The FSA will use various measures, including meeting unofficially with a group of banks, to talk them into accepting public funds,...
JAPAN
Oct 20, 1998

Sakakibara backs Mahathir on currency controls

Sharing Malaysian Prime Minister Mahathir Mohamad's concerns over capitalism, Japan's vice finance minister for international affairs supported Malaysia's foreign exchange controls Tuesday.At a Tokyo symposium, Eisuke Sakakibara said global capitalism backed by "market fundamentalism," or the belief...
JAPAN
Sep 8, 1998

Banking industry backs government bailout plan

Satoru Kishi, chairman of the Federation of Bankers Associations of Japan, expressed support Tuesday for the government's plan to inject public money into ailing banks to prevent failures.
JAPAN
Sep 7, 1998

North Korea remains on condemned list

Although it remains unclear what exactly North Korea launched over Japan on Aug. 31, the government's condemnation of Pyongyang's act still stands, Chief Cabinet Secretary Hiromu Nonaka said Monday.
JAPAN
Sep 1, 1998

L.A. tourist bureau opens full-time branch in Tokyo

The Los Angeles Convention & Visitors Bureau has opened in Tokyo its first full-time international office outside North America, delegates from the city announced Tuesday.
JAPAN
Aug 21, 1998

Obuchi tells Cabinet to fix credit crunch

Prime Minister Keizo Obuchi instructed his Cabinet ministers Friday to step up efforts to ease the ongoing credit crunch surrounding small and medium-size enterprises.
JAPAN
Aug 21, 1998

LTCB announces plan to restructure

The troubled Long-Term Credit Bank of Japan on Friday announced a restructuring plan in which three top executives will resign and its 13 overseas outlets will close.
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.

Longform

A mushroom cloud from the atomic bombing on Hiroshima taken from a U.S. military aircraft on Aug. 6, 1945. Copying the photo without permission is prohibited.
80 years on, a Japanese American hibakusha recalls the day the bomb dropped