Search - time

 
 
JAPAN
Oct 14, 1998

High-level deregulation talks to convene in Washington

Japan and the United States will hold high-level talks on deregulation Nov. 6 in Washington to exchange views on procedures of the deregulation dialogue between the two countries, Foreign Ministry officials said Wednesday.At working-level talks on deregulation, the U.S. side said that it hopes to compile...
JAPAN
Oct 14, 1998

Corporate failures in first half surge to postwar high

The number of corporate bankruptcies with debts of more than 10 million yen each totaled 10,034 during the first half of fiscal 1998 -- the April to September period -- major corporate research firm Teikoku Databank said Wednesday.It was the first time in 14 years the figure has exceeded 10,000 during...
JAPAN
Oct 14, 1998

Chiyoda Life, UNUM boost tieup

Chiyoda Mutual Life Insurance Co. and UNUM Corp., a major nonlife insurer in the United States, have agreed to strengthen their current sales tieup arrangements, with Chiyoda reinsuring UNUM's insurance contracts, the two companies said Wednesday.With the agreement, Chiyoda is the nation's first life...
JAPAN
Oct 14, 1998

'Systematic' coverup denied in Defense Agency report

The Defense Agency on Wednesday officially denied that it attempted to cover up the ongoing procurement overcharging scandal, while admitting some related evidence had been destroyed shortly before the Sept. 3 raid on the agency.In an interim in-house investigation report released by Defense Agency...
JAPAN
Oct 13, 1998

BOJ board maintains money policy, considers new moves

The Bank of Japan's Policy Board agreed Tuesday by a majority vote to keep its monetary policy unchanged, the central bank said.It is believed that the decision reflects a view shared by most financial experts that there is little room for another interest rate cut to spur the crippled economy.At a...
JAPAN
Oct 13, 1998

Jiang to hear war apology during visit

Tokyo plans to express "remorse and apology" to China in a joint statement the two countries will issue when Chinese President Jiang Zemin visits Japan, Foreign Minister Masahiko Komura hinted Tuesday.Jiang hopes to visit Japan later this year, according to ministry officials.Komura told a news conference...
JAPAN
Oct 12, 1998

NPA bucks Justice plan to scrap fingerprinting

The Justice Ministry and National Police Agency are at sharp odds over the ministry's recent announcement that it plans to abolish the practice of fingerprinting foreigners living in Japan.The Liberal Democratic Party's subcommittee on immigration policies basically approved the ministry's stance Thursday,...
JAPAN
Oct 12, 1998

ASDF accidents spark one-day halt in training

The Air Self-Defense Force grounded all nonessential aircraft Monday following a recent series of accidents involving its jets, the Defense Agency said.Operation of all aircraft except those on standby for emergency takeoff or obligatory missions was halted for one day to review safety, it said. The...
JAPAN
Oct 9, 1998

President Kim greets fellow Koreans in Kansai

After arriving in Osaka from Tokyo on Friday afternoon, South Korean President Kim Dae Jung and his wife, Lee Hee Ho, met Korean residents of the Kansai region at an Osaka hotel.In front of more than 700 participants, Kim thanked Korean residents for the help they offered when the country was hard hit...
JAPAN
Oct 9, 1998

Asian energy talks get under way in Okinawa

Staff writerGINOWAN, Okinawa, Pref. -- Ministerial-level officials from 18 member economies of the Asia-Pacific Economic Cooperation forum gathered here Friday for two days of meetings in a joint effort to promote energy efficiency and market competitiveness in the region.The Third APEC Energy Ministers...
JAPAN
Oct 8, 1998

Kim prods Japan to lead Asia's recovery

Liberalization of the Japanese market and expansion of domestic demand in Japan are critically important to resuscitate the Asian economy, South Korean President Kim Dae Jung stressed Thursday in Tokyo."Now is the time for Japan to take the initiative to revive the Asian economy," which is in the midst...
JAPAN
Oct 8, 1998

The Kim Visit: Leaders look ahead, vow cooperative ties

Prime Minister Keizo Obuchi and visiting South Korean President Kim Dae Jung put the past behind them Thursday, with Japan apologizing for its past colonial rule of the Korean Peninsula and both pledging to establish a new partnership in a variety of fields for the 21st century.Obuchi said at a joint...
JAPAN
Oct 8, 1998

Yen bulks up to 114; Nikkei takes dive

The dollar continued plummeting against the yen Thursday morning in London, briefly dropping to the 114 level for the first time since July 1997 on stop-loss sales by U.S. hedge funds.While the yen's sudden muscle is a mixed blessing for Japan -- it hurts exporters but helps banks struggling to maintain...
JAPAN
Oct 8, 1998

President Kim addresses Diet

Japan and South Korea must establish "future-oriented relations" while working to resolve differences in interpretation over Japan's 1910-1945 colonization of the Korean Peninsula, South Korean President Kim Dae Jung said Thursday in a speech to the Diet."The time has come for the two countries to look...
JAPAN
Oct 6, 1998

Osaka faces uphill battle to host G-8

Staff writerOSAKA -- A comparative lack of local governmental interest, cool relations between the mayor and governor, and an uninspired promotional campaign have greatly dimmed Osaka's bid to host the Group of Eight summit in 2000, senior prefectural officials said recently.Osaka is one of eight cities...
JAPAN
Oct 6, 1998

EPA reverses forecast to 1.8% negative growth for '98

With amazing foresight, the Economic Planning Agency said Tuesday that the nation's economy will probably shrink by an inflation-adjusted 1.8 percent in fiscal 1998, reversing its initial projection of 1.9 percent growth for the current year.The contraction, which would be the largest one ever recorded...
JAPAN
Oct 5, 1998

TSE fails to hold 13,000 line

Reflecting financial uncertainties worldwide, share prices on the Tokyo Stock Exchange tumbled Monday with the benchmark 225-issue Nikkei average closing below 13,000 for the first time since Jan. 30, 1986.Trading closed at 12,948.12, down 275.57 points from Friday's close of 13,223.69 as sluggish afternoon...
JAPAN
Oct 2, 1998

Dioxin-tainted soil removal begins in Osaka

OSAKA -- Work started Friday to remove soil highly contaminated with dioxin from an incinerator in Nose, Osaka Prefecture, but the final destination of the soil has yet to be determined.The removal of the soil, which contains more than 1,000 picograms of dioxin per gram of soil, marks the first such...
JAPAN
Oct 2, 1998

ODA reduction requires greater efficiency: white paper

Reform of Japan's official development assistance is needed to achieve efficient and effective ways of extending foreign aid, an ODA white paper released Friday says."Japan's ODA in the current fiscal year, which ends March 31, 1999, has been cut by 10.4 percent. ... Therefore, efficiency and effectiveness...
JAPAN
Oct 1, 1998

Clinton slating trip to Japan

The United States has officially informed Japan of President Bill Clinton's plan to visit Japan and hold talks with Prime Minister Keizo Obuchi next month, Chief Cabinet Secretary Hiromu Nonaka confirmed Thursday.The government's chief spokesman said Tokyo and Washington are now adjusting the specific...
JAPAN
Oct 1, 1998

Kim visit may pave Emperor's way to Seoul

Japan hopes that South Korean President Kim Dae Jung's visit next week will pave the way for the Emperor to visit South Korea, Chief Cabinet Secretary Hiromu Nonaka said Thursday.The government's chief spokesman made the remarks in reference to media reports that the president, during his four-day visit...
JAPAN
Oct 1, 1998

U.S. requests insurance talks on 'real problems'

The U.S. has requested formal consultations with Japan on insurance issues in mid-October, a U.S. government official said Thursday.Washington wants to discuss its concerns over the speed of Tokyo's approval process for new insurance products, activities of recently reformed private rating organizations...
JAPAN
Sep 29, 1998

Foreign firms cool to hot Japanese real estate

Staff writer
JAPAN
Sep 29, 1998

Collapse of Japan Leasing to aggravate credit crunch: EPA

The collapse of heavily indebted Japan Leasing Corp. will aggravate Japan's credit crunch, the nation's top economic planner said Tuesday.
JAPAN
Sep 29, 1998

Cancer gene therapy sets national precedent

A University of Tokyo committee on gene therapy research decided Tuesday to perform the nation's second gene therapy treatment on a 60-year-old patient with kidney cancer.
JAPAN
Sep 29, 1998

Tokyo to resume KEDO project role

Japan will soon resume its involvement in a project to build two light-water nuclear reactors for North Korea, Foreign Minister Masahiko Komura indicated Tuesday.
JAPAN
Sep 28, 1998

City banks Tokai, Asahi agree on retail tieup

In a strategic move to strengthen their presence in the retail banking field, Tokai Bank and Asahi Bank, both among the nation's nine major city, or commercial, banks, reached a comprehensive tieup agreement Monday to consolidate their branch offices and jointly develop financial products.
JAPAN
Sep 25, 1998

Defense Agency spurns NEC, Toyo

The Defense Agency announced Friday that it will suspend business dealings with electronics giant NEC Corp. and affiliate Toyo Communication Equipment Co. from Oct. 1 in the wake of a procurement scandal involving former officials of the agency and the companies.
JAPAN
Sep 24, 1998

Bank inspector gets suspended sentence for bribes

A former Finance Ministry bank inspector was given a suspended prison term Thursday for receiving bribes worth more than 8 million yen from four major banks in exchange for providing tips on the ministry's bank inspection schedules.
JAPAN
Sep 24, 1998

Defense Agency opens internal procurement probe

An independent investigative committee set up by the Defense Agency to review its procurement system in the wake of a major overcharging scandal met for the first time Thursday.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’