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April 26, 2025
 

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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 28, 1998

Extra budget, tax cuts pass Lower House

The Lower House on Wednesday passed the government-proposed supplementary budget for the current fiscal year and bills to allow for 2 trillion yen in pump-priming income and residence tax cuts.The extra budget and bills were moved the House of Councilors for further action. They are key components in...
JAPAN
Jan 21, 1998

Public funds debate starts up

Debate began Wednesday in the House of Representatives Finance Committee on two bills that form the backbone of government plans to infuse up to 30 trillion yen in public funds to stabilize the banking system.Finance Minister Hiroshi Mitsuzuka said "soul-searching is needed over the traditional administration...
JAPAN
Jan 20, 1998

Hashimoto hints at new type of bond to finance construction

Prime Minister Ryutaro Hashimoto hinted Tuesday that he would consider the possibility of issuing a new type of government bond to finance a wider range of projects than traditional construction bonds.Speaking before the Lower House Budget Committee, Hashimoto expressed interest in a bond with a shorter...
JAPAN
Jan 9, 1998

Limits on construction bond use may be lifted

LDP Secretary General Koichi Kato indicated Friday that the government may lift a division between deficit-covering bonds and construction bonds so more public funds can be injected into the economy."Removing the division is a matter that has lingered for a long time in the minds of a number of senior...
JAPAN
Jan 9, 1998

Mitsuzuka wants construction, deficit bonds separate

Finance Minister Hiroshi Mitsuzuka voiced opposition Friday to recent calls to scrap the current classification divisions between construction and deficit-covering government bonds.Deficit-covering bonds are issued to cover gaps between government spending and revenue in a given fiscal year and require...
JAPAN
Dec 17, 1997

Hashimoto unveils surprise two trillion yen tax cut

A special 2 trillion yen tax cut will be included in this fiscal year's supplementary budget, Prime Minister Ryutaro Hashimoto announced Wednesday, signaling an abrupt about-face in his fiscal restructuring efforts.
JAPAN
Dec 12, 1997

Turmoil-filled Diet session concludes

Staff writer
JAPAN
Dec 11, 1997

Plan for new government bond issue wins tentative approval

A Liberal Democratic Party task force expressed its support Thursday for the principles of a plan to set up a 10 trillion yen fund through bond issues to help protect depositors.
JAPAN
Nov 28, 1997

Clarity sought on role public funds would play

As debate heats up within the government over ways public funds can be used to restore Japan's financial stability, Finance Minister Hiroshi Mitsuzuka stressed Friday that what such an outlay would attempt to do must first be clarified.
JAPAN
Nov 21, 1997

Hashimoto drafts plan for government in 2001

Prime Minister Ryutaro Hashimoto won the ruling alliance's support late Friday for a compromise administrative reform proposal to hand over the three controversial services of the Posts and Telecommunications Ministry to a new public corporation in five years.
JAPAN
Nov 14, 1997

LDP's new stimulus plan offers no quick cure for economy

The Liberal Democratic Party on Friday unveiled a second set of economic stimulus proposals to dispel current pessimism about an economy that has deflated Tokyo stock prices and the value of the yen.
JAPAN
Nov 6, 1997

Bill to reduce the deficit clears the Lower House

A plenary session of the Lower House passed a government-proposed fiscal reform bill Thursday that will use wide-ranging measures to set reduction targets for key budget areas to slash the deficit.
JAPAN
Nov 4, 1997

Worsening economy sparks dissent within LDP

A number of lawmakers on the Liberal Democratic Party's Executive Council on Tuesday voiced concern over a bill that would designate specific reduction targets in key budget areas, arguing the bill would make it impossible for the government to stimulate the economy via spending measures.
JAPAN
Oct 21, 1997

LDP drafts measures to revive ailing economy

The ruling Liberal Democratic Party announced a set of measures Oct. 21 that it hopes will revive the flagging economy mainly through deregulation.Bound by a pledge to curtail government spending, the LDP's package relies less on traditional fiscal stimulus such as public works spending and personal...
JAPAN
Oct 20, 1997

Hashimoto hints at ditching reform proposals

Prime Minister Ryutaro Hashimoto indicated Oct. 20 that to accommodate demands from the Liberal Democratic Party, he may sacrifice some of the streamlining proposals suggested in an interim report drafted last month by a blue-ribbon government panel, which he heads.During the first meeting of a House...
JAPAN
Oct 16, 1997

LDP stimulus plan drops tax incentives

The ruling Liberal Democratic Party's economic stimulus package due out next week is unlikely to include tax incentives worth around 300 billion yen, party sources said Oct. 16.LDP officials said the package, originally to be released on Oct. 20, would be made public Oct. 21. In effect, the pump-priming...
JAPAN
Oct 8, 1997

Special income tax cuts ruled out as stimulus

Finance Minister Hiroshi Mitsuzuka on Oct. 8 ruled out the possibility of implementing special income tax cuts to help stimulate the economy, saying such a move would worsen the nation's fiscal condition.Speaking at a news conference, Mitsuzuka pointed out that such tax breaks would have to be financed...
JAPAN
Sep 29, 1997

Corporate tax cut tied to size of income base

Any reduction in the corporate income tax should be considered only within the scope of revenue that can be gained by expanding the taxable income base for companies, a top Finance Ministry official indicated Sept. 29.
JAPAN
Sep 25, 1997

Toyoda supports corporate tax cut

The head of the nation's most powerful business group on Sept. 25 called for a cut in corporate taxes, stressing that such a move would invigorate corporate activity, lead to greater tax revenues and not run counter to the government's fiscal reconsolidation efforts.
JAPAN
Sep 12, 1997

Mitsuzuka firm on budget austerity measures

Suggestions by some U.S. officials that Japan should slacken the pace at which it implements budget austerity are understandable but go against the nation's interests, Finance Minister Hiroshi Mitsuzuka said.
JAPAN
Sep 10, 1997

Government leaders adopt draft of reform bill

Top government and ruling party leaders basically agreed Sept. 10 on the draft of a bill that puts into law specific measures to achieve the government's self-imposed fiscal reconsolidation targets.
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 19, 1997

Consortium offers building owners energy-savings windfall

Staff writer
JAPAN
Aug 13, 1997

Japan should consider tightening money policy later this year: IMF

The International Monetary Fund suggested Aug. 13 that Japan should tighten its monetary policy later this year, saying that the current low level of short-term interest rates are not appropriate over the medium term.
JAPAN
Aug 13, 1997

Osaka named candidate for 2008 Olympic Games

The city of Osaka defeated rival Yokohama 29 to 17 in a vote by the Japanese Olympic Committee and sports officials Aug. 13 to become the nation's candidate for the 2008 Summer Olympics.
JAPAN
Aug 8, 1997

Forest reform panel suggests firing, privatization,

The ruling Liberal Democratic Party's working groups on forestry decided on a fundamental reform plan to streamline state-owned forestry operations on August 8, calling for a two-thirds reduction in the number of workers, to 5,000.
JAPAN
Jul 8, 1997

Hashimoto presents budget-writing rules

Prime Minister Ryutaro Hashimoto on July 8 outlined basic rules for fiscal 1998 budget requests that include three special spending brackets to channel 550 billion yen into key areas as well as roughly 240 billion yen in general expenditure cuts.
JAPAN
Jul 4, 1997

550 billion yen to go to priority projects in '98

A total of 550 billion yen will be set aside in the fiscal 1998 state budget for three special spending brackets to better concentrate public works outlays in key sectors, a top Finance Ministry official said July 4.
JAPAN
Jun 20, 1997

Decision on capital relocation postponed till late '98

A government panel studying the relocation of the functions of the capital outside Tokyo said June 20 that it will postpone a decision on a site for an unspecified period beyond the October 1998 deadline in line with the state's decision to delay the project.
Naked man’s rampage in Saitama linked to one fatality and 10 injured
Police believe Daisuke Nishimura may have been involved in roughly 20 incidents in the 90 minutes leading up to his arrest, including a fatal hit-and-run and multiple assaults.
Japan set to fine cyclists on the spot for rule violations from 2026
Under new rules, those who use smartphones while riding a bicycle would be subject to the maximum fine of ¥12,000.
Japan brings forward deadline for electronic travel authorization system
Japan is planning to implement by March 2029 a new online screening system in which foreign visitors who don’t need a visa apply for a certification before entering the country.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Amid uncertain tariffs, is now the time to buy a new iPhone?
An Apple store in Tokyo's Shibuya Ward in September. Prices for the newest iPhone models start at around ¥100,000 ($700) in Japan.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Japan weighs using U.S. rice imports as tariff negotiation tool with Trump
A restaurant owner pours California-grown Calrose rice into a rice cooker at his restaurant in Tokyo
Is Japan’s parliament ready to welcome more youth to its ranks?
Lower House lawmaker Kai Odake in his Tokyo office on Wednesday
Crow meat, goat tartare: Mauvaise Herbe raises its game
Crow meat, shaped into a ball and attached to a foot of the bird, is one of the peculiar offerings of game at Mauvaise Herbe.

Podcast

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

Longform

Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.
By Tomoko Otake

SUSTAINABLE JAPAN

Looking ahead to Yokohama’s Green × Expo 2027
Looking ahead to Yokohama’s Green × Expo 2027

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