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JAPAN
Jan 20, 1998

Banks, brokers lavished millions of yen on highway director

A Japan Highway Public Corp. director was entertained by some 10 banks and securities companies, including Nomura Securites Co., to the tune of about 10 million yen, it was learned Tuesday from statements made by those involved.Tekehiko Isaka, 54, was allegedly entertained by the firms over a 2 1/2...
JAPAN
Jan 20, 1998

Foley urges Japanese government to open markets

U.S. Ambassador Thomas Foley on Tuesday urged the Japanese government to implement further deregulation, saying such measures will open its markets to trading partners and also help strengthen the Japanese economy."My government urges Japan to deregulate because we see Japanese regulations as forestalling...
JAPAN
Jan 19, 1998

Hong Kong trade official seeks to allay avian flu fears

Asserting that the high-risk period for avian flu has passed, a Hong Kong trade official Monday sought to alleviate Japanese tourists' concerns about the disease that has killed six people so far in the former British colony."Hong Kong is a very safe place to visit. There is no need for restrictions...
JAPAN
Jan 19, 1998

Finance Ministry considering new penalties for Nomura

The Ministry of Finance has begun studying whether new administrative penalties can be imposed on Nomura Securities Co. in connection with a bribery scandal that led to the arrest of two of its former executives, ministry sources said Monday.The ministry will look into whether the giant brokerage, rather...
JAPAN
Jan 16, 1998

BOJ keeps hands off discount rate

The Bank of Japan held its first Monetary Policy Meeting under new antisecrecy rules Friday and immediately announced that the Policy Board unanimously decided to leave monetary policy and the 0.5 percent official discount rate unchanged.The new format, adopted in advance of the April enforcement of...
JAPAN
Jan 16, 1998

MPD cop allegedly helped halt Daiwa investigation

An Metropolitan Police Department officer arrested this week on suspicion of taking bribes from Daiwa Securities Co. was asked by the brokerage to help halt a 1993 investigation into the firm, police and prosecution sources alleged Friday.It is possible the MPD's investigation targeting an employee...
JAPAN
Jan 16, 1998

Remove laws to improve competitiveness, ACCJ head urges

Japan should abolish -- rather than ease -- a number of existing regulations if it wants to become more competitive and support a positive economic situation, Glen S. Fukushima, the new president of the American Chamber of Commerce in Japan, said Friday."Although 'deregulation' is often translated into...
JAPAN
Jan 16, 1998

Tokyo starts recovering from snow

Road, railway and air transportation in Tokyo returned to near normal Friday, with only a few delays and minor trouble remaining after the season's heaviest snow paralyzed traffic the day before.Police attributed three deaths and 400 injuries in the capital and its eight neighboring prefectures during...
JAPAN
Jan 16, 1998

Kids got less for New Year's

The average amount Tokyo children received for New Year's dropped by 203 yen to 27,365 yen this year, a possible reflection of the sluggish economy and the first decline in six years, according to a survey released Friday by Dai-Ichi Kangyo Bank.Still, the amount was more than 28 times the children's...
JAPAN
Jan 16, 1998

The Asahara Trial: Guru claims innocence

In a barely intelligible statement, Aum Shinrikyo founder Shoko Asahara said Friday he has already "been found not guilty" of the March 1995 Tokyo subway gas attack and the June 1994 sarin attack in Matsumoto, Nagano Prefecture.Asahara, 42, was given the opportunity to speak at his Tokyo District Court...
JAPAN
Jan 16, 1998

Kobe Revisited: City rebuilding economic strength

Staff writerKOBE -- Three years after an early morning earthquake measuring 7.2 on the Richter scale resulted in the loss of more than 6,400 lives and left tens of thousands homeless, Kobe has rebuilt most of its economic infrastructure. But its recovery has not come without criticism over the plight...
JAPAN
Jan 15, 1998

Hospitals prepared to harvest brain-dead organ donors

Most medical institutions designated to remove organs from brain-dead donors have declared they are ready to do so in the three months since a controversial law went into effect to allow such transplants from brain-dead patients.A large number of such facilities have completed manuals for carrying out...
JAPAN
Jan 15, 1998

Heavy snow brings chaos to Kanto, injures 100

Snow wreaked havoc across the Tokyo area once again Thursday, snarling traffic, slowing trains and causing injuries.About 100 people were rushed to hospitals in Tokyo and surrounding areas after stumbling on snow-covered roads or injuring themselves while moving snow, according to fire department officials.One...
JAPAN
Jan 14, 1998

MPD sergeant arrested in Daiwa bribery case

A sergeant in the Metropolitan Police Department was arrested Wednesday for allegedly accepting bribes from a Daiwa Securities Co. executive in return for information about an investigation into a fraud and embezzlement case involving a Daiwa branch.Takayoshi Hontao, a police inspector attached to the...
JAPAN
Jan 14, 1998

Public debt will overtake GDP in 1999: Finance Ministry

The country's public debts will expand to 529 trillion yen by March 1999, a figure bigger than the nation's economy, the Finance Ministry announced Wednesday.The outstanding long-term debts of local and the central governments combined are expected to exceed forecasts for the nation's gross domestic...
JAPAN
Jan 14, 1998

Parents spending less on public school kids' education

Parents of public school students spent less on their children's education in fiscal 1996 than in fiscal 1994, while parents of private kindergarten children and private junior high school students spent more, according to an Education Ministry survey released Tuesday.Parents of public junior high school...
JAPAN
Jan 14, 1998

Hashimoto drops new hint of tax cut

Prime Minister Ryutaro Hashimoto on Wednesday repeated hints he made the previous day that further tax cuts to boost domestic consumption and support the sagging economy have not been ruled out."The government will strive to make it unnecessary to continue a 2 trillion yen cut in income and residential...
JAPAN
Jan 13, 1998

State aims to force JR to shoulder more JNR debt

The government will present on Friday a new interpretation of JR-related bills being prepared to justify forced payment by seven group companies to shoulder some of the 28 trillion yen debt left by the former Japanese National Railways.The reinterpretation has been unofficially cleared by the Cabinet...
JAPAN
Jan 13, 1998

Disputed islands block way to Japan-South Korea fishing pact

Chief Cabinet Secretary Kanezo Muraoka said Tuesday that the government remains unable to find a solution to a dispute with South Korea over rights to islands in the Sea of Japan and a new fisheries pact.Earlier in the day, Muraoka met with Foreign Minister Keizo Obuchi and Yoshinobu Shimamura, head...
JAPAN
Jan 13, 1998

Banker apologizes for wining and dining

The leader of the nation's banking industry apologized Tuesday for the excessive wining and dining of Finance Ministry officials carried out in the past by some bankers."We needed such bankers, but we regret there was some excessive entertaining," Naotaka Saeki, chairman of the Federation of Bankers...
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

More pump-priming steps may be implemented

Mitsuo Horiuchi, the minister of international trade and industry, indicated Tuesday that additional pump-priming measures may be implemented to prevent a global economic crisis from originating in Japan.Speaking at a regularly scheduled news conference, Horiuchi said that to prevent further deterioration...
JAPAN
Jan 13, 1998

Bankers adopt U.S.-style disclosure rules for bad loans

The Federation of Bankers Associations of Japan adopted on Tuesday stricter disclosure standards on banks' bad loans, modeled on U.S. standards.Under the new rules, for example, banks will be obliged to release their figures for nonperforming loans if the borrower does not pay interest for three months...
JAPAN
Jan 13, 1998

Armed man holds official hostage at Tokyo Stock Exchange

A man in his 40s wielding what appeared to be a pistol took a hostage Tuesday and holed up in the governor's suite on the 14th floor of the Tokyo Stock Exchange building, demanding to meet with the finance minister, police said.The man, clad in a business suit, took captive Masahiro Abe, 50, an exchange...
JAPAN
Jan 12, 1998

Old Buddhist statue will have new home

OSAKA -- For the Kudara Kannon statue of the Goddess of Mercy, 1997 was a busy year.Kudara Kannon, a national treasure belonging to Horyuji Temple in Ikaruga, Nara Prefecture, was displayed at the Louvre museum and at the Tokyo National Museum.Next autumn, a building specially designed to house the...
JAPAN
Jan 12, 1998

DKB allegedly treated bureaucrats to cover payoffs

As business at Dai-Ichi Kangyo Bank slowly recovers following the revelation of payoffs to a "sokaiya" extortionist, fresh allegations have surfaced that the bank had wined and dined Finance Ministry officials to cover up the payoffs.The bank's business suffered severely amid the scandal, in which 11...
JAPAN
Jan 12, 1998

Hashimoto vows efforts to protect financial system

In a departure from the norm, Prime Minister Ryutaro Hashimoto opened the 150-day Diet session Monday with a speech focusing solely on financial markets and the economy, stressing that Japan will not let its woes drag the rest of Asia and the world into more turmoil."It is our firm resolve that neither...
JAPAN
Jan 12, 1998

WorldCom to expand Japanese base

WorldCom Japan Ltd., a subsidiary of U.S.-based WorldCom Inc., said Monday it will expand its presence in the Japanese telecommunications market by establishing its own fiber-optic network.As deregulation is slated to begin this month, WorldCom, which currently holds a Type II carrier license, will...
JAPAN
Jan 12, 1998

Banks assess bad loans at 76 trillion yen

The nation's major and regional banks estimate they have accumulated 76.71 trillion yen in potentially sour loans, the Finance Ministry said Monday.The amount, calculated under different standards than those used by the ministry, was about 3.5 times greater than 21.73 trillion yen reported by the ministry...
JAPAN
Jan 9, 1998

Fiscal woes plague Osaka governor

Staff writerNearly three years ago, comedian and Diet member "Knock" Yokoyama shocked the nation by winning Osaka Prefecture's gubernatorial election as an independent, despite entering the race only three weeks before the voting.Yokoyama won because voters, angry with the former governor for his involvement...
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Japan to require flight passengers to keep power banks within sight
The transport ministry has announced new regulations requiring flight passengers to keep power banks within sight to mitigate fire risks while on board planes.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Residents of Tokara Islands begin evacuation as seismic swarm continues
Details about evacuations from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecture, is seen written on a whiteboard in the city of Kagoshima on Thursday.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

Podcast

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

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji
By Alex K.T. Martin

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