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JAPAN
Dec 15, 1998

Bank failure panel takes reins of recovery

Prime Minister Keizo Obuchi launched the Financial Reconstruction Commission Tuesday by appointing five members to deal with the collapse of financial institutions and to resuscitate the nation's troubled banking sector.
JAPAN
Dec 14, 1998

New NTT shares set at 855,000 yen

The government has set the price for the public offering of 1 million shares of Nippon Telegraph & Telephone Corp. stock at 855,000 yen per share, the Finance Ministry said Monday.
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 9, 1998

Kinki Nippon to sell HQ for retiree pay

Kinki Nippon Tourist Co. will sell its headquarters to Kinki Nippon Railway Co. later this month to raise retirement funds for personnel retiring early under its streamlining efforts, officials announced Wednesday.
JAPAN
Dec 9, 1998

LDP proposes housing loan tax breaks

The tax panel of the ruling Liberal Democratic Party agreed Wednesday to propose radical tax breaks for housing loans for fiscal 1999, calling the allowance "the largest issue" in the government's efforts to stimulate the moribund economy.
JAPAN
Dec 9, 1998

Vietnam put on aid list for Miyazawa Plan

Staff writer
JAPAN
Dec 9, 1998

Pyongyang suspected of missile activity, but not launch

Defense Agency chief Hosei Norota admitted to a Diet committee on Wednesday that the agency has obtained information suggesting that North Korea is constructing new missile facilities.
JAPAN
Dec 9, 1998

Clarify constitutionality of Japan PKO role: Ozawa

Liberal Party leader Ichiro Ozawa reiterated on Wednesday that the government should clarify its stance on interpreting Self-Defense Forces' participation in United Nations military peacekeeping operations, as it pertains to the Constitution.
JAPAN
Dec 9, 1998

Nonaka seeks Okinawa visit for breakthrough on bases

Chief Cabinet Secretary Hiromu Nonaka said Wednesday he hopes to visit Okinawa later this month to seek ways to resolve issues over the reorganization of U.S. military bases in the prefecture and to help revive the ailing local economy.
JAPAN
Dec 8, 1998

Defense opens probe into uniformed officer ranks

The Defense Agency officially launched an in-house investigation Tuesday over new suspicions of a coverup involving uniformed Self-Defense Forces officers.
JAPAN
Dec 8, 1998

JAS Tokyo-Hong Kong flights approved

The Transport Ministry today will approve Japan Air System Co.'s request to start regular air service between Tokyo and Hong Kong, based on a recommendation by the Transport Council, the ministry said Tuesday.
JAPAN
Dec 7, 1998

Norota apologizes for second batch of wandering documents

Defense Agency Director General Hosei Norota admitted Monday that some uniformed officers of the Self-Defense Forces moved procurement-related documents out of their offices prior to the September raid on the agency.
JAPAN
Dec 3, 1998

WTO talks should end by 2003, EU says

The World Trade Organization should be able to wrap up its next round of multilateral liberalization talks within three years of its 2000 start, a senior European Union official said Thursday.
JAPAN
Dec 3, 1998

Menem urges increase in investment

Argentine President Carlos Menem urged business leaders Thursday to promote investment in the republic to help correct a trade imbalance between the two countries.
JAPAN
Dec 2, 1998

Nara sites added to World Heritage List

Staff writer
JAPAN
Dec 2, 1998

Tokio Marine plans venture with Schwab

Tokio Marine & Fire Insurance Co. is planning a joint discount brokerage with Charles Schwab and Co., Tokio Marine officials said on Wednesday.
JAPAN
Nov 25, 1998

Argentine President Menem looks forward to stronger ties

Staff writer
JAPAN
Nov 24, 1998

15 major banks to seek funds

Of the nation's 18 major banks, 15 will apply for public funds injections within the fiscal year under the provisions of the new bank recapitalization law, the banks announced Tuesday with their midterm earnings results.
JAPAN
Nov 24, 1998

Japan claims no info on next North Korean rocket launch

Japanese intelligence sources have no information on reported preparations by North Korea for another launch of its Taepodong-1 ballistic missile, Defense Agency Director General Hosei Norota said Tuesday.
JAPAN
Nov 20, 1998

Eight city banks apply for public funds

One by one, all of the nation's city banks except for the Bank of Tokyo-Mitsubishi announced by Friday that they will ask for public money under the provisions of the newly adopted bank recapitalization law.
JAPAN
Nov 19, 1998

Sega posts sharp fall in midterm profits

A week before it launches a new console in the heated game-machine war, Sega Enterprises Ltd. on Thursday reported sharp drops in sales and profits for the April-September period.
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

LDP-Liberal coalition plan on hold until next meeting

Despite Prime Minister Keizo Obuchi's expectations of establishing cooperative ties between the Liberal Democratic Party, which he heads, and the Liberal Party, it is still uncertain whether an agreement will be reached at the next meeting of party leaders, Chief Cabinet Secretary Hiromu Nonaka said...
JAPAN
Nov 16, 1998

Nissan chief praises package, pans tax cut plan

Nissan Motor Co. President Yoshikazu Hanawa greeted the government's latest pump-priming package Monday by saying he "expects much" from its implementation but opposes cutting the consumption tax.
JAPAN
Nov 16, 1998

Government unveils 24 trillion yen stimulus

The government on Monday unveiled a 24 trillion yen economic stimulus package -- its largest to date -- aimed at posting a positive economic growth in fiscal 1999 and creating 1 million new jobs.
JAPAN
Nov 13, 1998

Textbook amendments may require written reasoning

The school textbook screening process may become more simple and transparent beginning in 2000, and students' school bags may become less bulky, the Education Ministry said Friday.
JAPAN
Nov 13, 1998

Ex-Finance bureaucrat found guilty of bribery; walks

The Tokyo District Court sentenced former Finance Ministry bureaucrat Takashi Sakakibara to a suspended two-year prison term Friday for accepting bribes worth 3.42 million yen from brokerages and a major bank.
JAPAN
Nov 12, 1998

FSA chief implores banks to request public funds

Financial Reconstruction Minister Hakuo Yanagisawa again urged banks to apply for a big capital injection Thursday, the day before the Financial Supervisory Agency was to explain application approval standards to 147 banks in Tokyo.
JAPAN
Nov 12, 1998

LDP outlines latest stimulus plan

The ruling Liberal Democratic Party drew up an outline Thursday for a new economic stimulus package worth more than 10 trillion yen aimed at realizing positive growth in the next fiscal year and putting the nation's economy back on a path to sustainable recovery within two years.
JAPAN
Nov 11, 1998

Business groups criticize coupons, urge tax cuts

Will the proposed merchandise coupons help pull Japan out of economic crisis by boosting consumption?

Longform

An illustration features the Japanese signs for "ganbare" (good luck) and the Deaflympics, which will be held between Nov. 15 and 26.
A century of Deaf sport finds its moment in Tokyo