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October 08, 2025
 

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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...
JAPAN
Jan 30, 1998

Vice Minister Tanami wants trust in Finance restored

Newly appointed Vice Finance Minister Koji Tanami vowed Friday to put priority on regaining the public's trust in the powerful, scandal-tainted ministry.Tanami, 58, was serving as the head of the Cabinet Councilors' Office on Internal Affairs but was recalled after his predecessor, Takeshi Komura, resigned...
JAPAN
Jan 29, 1998

Top Finance bureaucrat resigns over bribery case

Vice Finance Minister Takeshi Komura handed in his resignation Thursday afternoon to take responsibility for the recent scandal in which two ministry inspectors were arrested on suspicion of accepting bribes from major banks.Koji Tanami, a ministry official now in charge of the Cabinet Councilors' Office...
JAPAN
Jan 28, 1998

Keck announces end to EU-Japan auto export restraint

Europe will not seek to extend its agreement with Japan on voluntarily restraining Japanese automobile exports, European Union Ambassador Jorn Keck said Wednesday.The departing ambassador was speaking at a farewell news conference at the Japan National Press Club in Tokyo. "I don't know how to prolong...
JAPAN
Jan 26, 1998

Finance Ministry inspectors arrested over bank bribes

Two officials of the Finance Ministry's Finance Inspection Department are under arrest on suspicion of accepting bribes from banks in the form of wining and dining, the special investigative squad of the Tokyo District Public Prosecutor's Office announced Monday night.The two arrested were identified...
JAPAN
Jan 13, 1998

Mitsuzuka to remain at helm of Finance Ministry

Finance Minister Hiroshi Mitsuzuka stressed Tuesday that he would not resign, because it is imperative that he carry out his duties and try to secure Diet passage of bills and the fiscal 1998 budget.Speaking at a regular news conference, Mitsuzuka pointed out that he was responsible for drawing up both...
JAPAN
Jan 13, 1998

Debate sought as banks triple figures for sour loans

Figures indicating that the nation's banks have more than triple the amount of bad loans than originally thought will help spur Diet debate on using public funds to stabilize the financial system, Finance Minister Hiroshi Mitsuzuka said Tuesday.On Monday, the Finance Ministry said independent assessments...
JAPAN
Jan 13, 1998

Blair sees a new chapter in bilateral ties

A new chapter is opening in Anglo-Japanese relations as the two countries work together for peace and security, and a better international economy, British Prime Minister Tony Blair said Tuesday.He told a news conference at the Japan National Press Club that his visit helped strengthen the bilateral...
JAPAN
Jan 6, 1998

Yen keeps losing ground to dollar

The yen gave up further ground against the dollar Tuesday amid concerns over the ailing Japanese economy and financial crises in Southeast Asian countries.The yen fell to 134.38 yen to the dollar at one point, its lowest in almost six years, before settling at 133.57-60 yen at 5 p.m., compared with...
JAPAN
Jan 6, 1998

Mitsuzuka proposes stock market stabilization measures

Finance Minister Hiroshi Mitsuzuka announced Tuesday a set of measures -- including the introduction of more stringent restrictions regarding the short-selling of stocks -- aimed at reducing volatility in Tokyo's stock markets.Specifically, the definition of short-selling under the Securities and Exchange...
JAPAN
Jan 6, 1998

Big business calls for political leadership

Shoichiro Toyoda, chairman of the Japan Federation of Economic Organizations (Keidanren), said Tuesday that political leadership is needed to swiftly pass planned measures to cope with the economy."Toward the end of last year, various measures were drafted," Toyoda told a joint news conference with...
JAPAN
Dec 23, 1997

LDP lawmaker resigns from fiscal panel amid allegations

The secretary general of the Liberal Democratic Party's financial stability subcommittee has stepped down from that and another panel amid allegations he profited from Nikko Securities Co. through dubious equity investments made on his behalf, LDP sources said Tuesday.
JAPAN
Dec 23, 1997

Maruso Securities files for bankruptcy

Midsize brokerage house Maruso Securities Co. filed a petition Tuesday with the Tokyo District Court for permission to start voluntary bankruptcy proceedings, court officials said.
JAPAN
Dec 22, 1997

Hashimoto concerned with Nikkei's slide

Prime Minister Ryutaro Hashimoto said Monday he was "very concerned" that the Tokyo Stock Exchange's key barometer has dropped below 15,000 yen.
JAPAN
Dec 19, 1997

Shares and yen tumble as credit crunch worsens

Share prices and the yen came under severe selling pressure Friday in Tokyo amid reports that a credit crunch has forced a major food trader out of business.
JAPAN
Dec 3, 1997

Yamaichi collapse didn't faze 'sokaiya'

Ryuichi Koike, who on Tuesday went on trial for allegedly extorting huge sums from five of Japan's biggest financial institutions, showed no emotion when he heard about the recent collapse of Yamaichi Securities Co., according to sources.
JAPAN
Nov 17, 1997

Japan, U.S. officials concerned about depreciating yen

Japan and the United States expressed concern Monday over the recent depreciation of the yen, with Tokyo saying it was prepared to take action against excessive movements to stabilize foreign exchange markets.
JAPAN
Nov 17, 1997

Explosive rally surprises stock analysts

The strong rebound Monday in Tokyo share prices took analysts by surprise.
JAPAN
Nov 12, 1997

Saison group to gain control of two U.S.-Japan insurers

In a bid to incorporate insurance products into its credit card business, Credit Saison Co. will acquire stocks in two insurance firms set up jointly by Japanese and U.S. businesses.
JAPAN
Oct 29, 1997

Massive Dow Jones rally sparks Nikkei rebound

The Tokyo Stock Exchange staged a strong rebound Wednesday amid ringing reports of a massive rally on Wall Street overnight.
JAPAN
Oct 28, 1997

Government continues push to eliminate racketeers

The government will continue calling on the private sector to cut all ties with "sokaiya" corporate extortionists, the Cabinet agreed Tuesday.
JAPAN
Oct 3, 1997

Nikko chairman, president resign over 'sokaiya' payoff scandal

The chairman and president of Nikko Securities Co. resigned along with six other executives Oct. 3 to take responsibility for the firm's involvement in a payoff scandal, completing a sweep of the Big Four brokerages humiliated by a "sokaiya" corporate racketeer.Chairman Takuya Iwasaki and President...
JAPAN
Sep 1, 1997

Nation can't afford more pump-priming

There is no possibility that an economic pump-priming package will be drawn up in the latter half of this fiscal year due to financial constraints, a top Finance Ministry official said Sept. 1.
JAPAN
Aug 21, 1997

Administrative orders up for review

The Finance Ministry expressed willingness Aug. 21 to review various administrative orders at present given to the financial industry with an eye to eventually scrapping them.
JAPAN
Jul 22, 1997

Ministers promise to curtail 'sokaiya'

Cabinet ministers held their first meeting July 22 to discuss problems related to "sokaiya" corporate extortionists, hoping to stem the scandals rocking Japan's corporate and financial world.
‘We have drawn lessons,’ Indian Army chief says of brief clash with Pakistan
Indian Army chief Upendra Dwivedi waves as he arrives to attend the ceremonial reception of Defense Minister Gen Nakatani in New Delhi in May.
Japanese immunologist among three Nobel medicine prize winners
Shimon Sakaguchi, an immunologist and distinguished professor at Osaka University, attends a news conference after winning the 2025 Nobel Prize in medicine, in Osaka Prefecture on Monday.
Spanish tourist injured in latest bear attack
Shirakawago, a U.N. World Heritage site in Gifu Prefecture
Americans and Canadians unite in battling 'eating machine' carp
A Fisheries and Oceans Canada team patrols the Grand River in Dunnville, Ontario, in search of invasive grass carp specimens on Sept. 25.
Trump hails 'wisdom and strength' of Japan's incoming prime minister
Sanae Takaichi, the newly elected leader of the ruling Liberal Democratic Party, gives a news conference after the LDP presidential election in Tokyo on Saturday.
‘Takaichi trade’ stalls as political reality calls for wait-and-see approach
Tokyo stocks staged a powerful rally on Monday. On Tuesday, they rallied again, then retreated.
Trump has his eyes on the prize — but a Nobel win looks unlikely
A protester holds a sign with an image depicting U.S. President Donald Trump and the words "Nobel" written on it, as supporters and family members of hostages who were kidnapped during the deadly Oct. 7, 2023, attack on Israel by Hamas, demonstrate to demand the immediate end of the war and the release of all hostages, outside the U.S. Consulate in Tel Aviv, on Sept. 2.
Takaichi, the LDP’s first female president, is far from an ‘overnight success’
Newly-elected Liberal Democratic Party chief Sanae Takaichi greets her fellow LDP members on Saturday at party headquarters.
‘We have drawn lessons,’ Indian Army chief says of brief clash with Pakistan
Indian Army chief Upendra Dwivedi waves as he arrives to attend the ceremonial reception of Defense Minister Gen Nakatani in New Delhi in May.
How a family-run landscaper turned the Osaka Expo green
The team at Ryokukou Garden consists primarily of a single family, including Toshiki Tanisaki (second from right), who led the company's efforts at the Osaka Expo, Chikako Tanisaki (fifth from right), who performs daily maintanence at the expo, and Takeshi Tanisaki (fourth from right), who added a nursery to the family farm more than 50 years ago.

Podcast

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

Longform

Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?
By Alex K.T. Martin

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