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JAPAN
Dec 1, 1997

Seven suspected in land sales fraud

Police arrested six people and put another on a wanted list Monday on suspicion of swindling 10 million yen from elderly people who had earlier suffered losses from fraudulent sales of undeveloped rural property.
JAPAN
Nov 28, 1997

Japan travel industry does some soul-searching

The Japanese travel industry has yet to decide whether it will print information about the dangers of certain destinations on travel brochures, the chairman of the Japan Association of Travel Agents said Friday.
JAPAN
Nov 28, 1997

G-8, labor groups wrestle with global unemployment

Staff Writer
JAPAN
Nov 28, 1997

Izui tells Diet he gave 278 million yen to LDP lawmakers

Junichi Izui, an oil wholesaler now on trial for income tax evasion and fraud, said Friday in sworn testimony before the Lower House Budget Committee that he provided 278 million yen to lawmakers of the ruling Liberal Democratic Party, including LDP policy chief Taku Yamasaki.
JAPAN
Nov 26, 1997

Tokuyo City Bank folds in fourth collapse of month

Tokuyo City Bank, suffering from the weight of 58.8 billion yen in nonperforming loans, effectively collapsed Wednesday.
JAPAN
Nov 25, 1997

Muraoka defends Finance over broker's collapse

Chief Cabinet Secretary Kanezo Muraoka defended the Finance Ministry on Tuesday over the collapse of Yamaichi Securities Co., saying it would have been impossible for ministry officials to discover the brokerage had been conducting irregular, off-the-book trading.
JAPAN
Nov 25, 1997

Shock over Yamaichi closure sends stocks, yen reeling

Tokyo share prices fell broadly Tuesday as investors reacted with shock and concern to Yamaichi Securities Co.'s decision to shut down.
JAPAN
Nov 25, 1997

Diplomats given explanation of Tokyo's recycling plans

Diplomats from the embassies of 28 countries, including the ambassadors of Fiji and Malawi, gathered Tuesday for an annual seminar sponsored by the Tokyo Metropolitan Government and listened to a briefing on the government's recycling policies.
JAPAN
Nov 25, 1997

Nomura execs plead guilty to 'sokaiya' payoffs

A former president and two former managing directors of Nomura Securities Co. pleaded guilty Tuesday to conspiring to pay 370 million yen to a "sokaiya" corporate extortionist in one of the biggest financial scandals to rock the nation this decade.
JAPAN
Nov 25, 1997

Sentences upheld for gangsters' attack on Itami

The Tokyo High Court dismissed appeals Tuesday by two gang members found guilty of inflicting bodily injury on movie director Juzo Itami in 1992.
JAPAN
Nov 25, 1997

Environmentalists march in Tokyo ahead of U.N. conference

Pedestrians paused on the sidewalks and curious storekeepers emerged from boutiques at the sound of marching band music echoing through the streets of Tokyo's Shibuya Ward.
JAPAN
Nov 24, 1997

Fuji Bank knew of hidden debts, executive says

Fuji Bank, the top shareholder and main creditor bank of Yamaichi Securities Co, knew by Oct. 6 that the brokerage had hidden debts of about 260 billion yen, a Fuji executive said Monday.
JAPAN
Nov 24, 1997

Yamaichi Securities decides to shut down

Yamaichi Securities Co. formally decided Monday to close down voluntarily amid a financial crisis linked to flagging stock prices, fallen credibility from payoff scandals and recently discovered losses from illegal "tobashi" trading activities.
JAPAN
Nov 21, 1997

Expanding day-care center building on bilingualism

Staff writer
JAPAN
Nov 21, 1997

Simul International folds

Simul International Inc., a major simultaneous service firm, effectively went bust Friday as it filed for "wagi" composition procedures with creditors, according to private credit research agency Teikoku Data Bank.
JAPAN
Nov 21, 1997

Writeoffs to leave four banks in red

Five of the nation's 10 city banks announced plans Friday to write off their massive bad loans during fiscal 1997, four of them saying they expect to go into the red at the end of the year.
JAPAN
Nov 21, 1997

Top Chinese military official to visit Tokyo for security talks

Staff writer
JAPAN
Nov 20, 1997

Use of public funds considered for clearing up loan mess

Prime Minister Ryutaro Hashimoto instructed the Liberal Democratic Party on Thursday to consider using public funds to clear up the nation's bad loan mess, a proposal welcomed by a rally on the Tokyo Stock Exchange.
JAPAN
Nov 20, 1997

Garuda crash blamed on pilot misjudgment

The Garuda Indonesia crash last year in Fukuoka was caused by the captain's failure to execute proper judgment and follow-through with the takeoff even though one of the aircraft's engines had failed, a Transport Ministry committee has concluded.
JAPAN
Nov 19, 1997

Public funds ruled out for finance bailouts

The government does not intend at this time to consider a new framework for using public funds to help prop up the financial sector, Finance Minister Hiroshi Mitsuzuka said Wednesday.
JAPAN
Nov 19, 1997

Former exec of Mitsukoshi unit held in breach of trust

A former executive of a Mitsukoshi Ltd. subsidiary and two other officials were arrested Wednesday for alleged aggravated breach of trust in connection with 180 million yen in payments to a construction company on the verge of financial collapse.
JAPAN
Nov 18, 1997

Families grieve over massacre in Egypt

The families and friends of the 11 Japanese involved in Monday's terrorist attack in Luxor, Egypt, were stunned Tuesday that their loved ones' honeymoons had ended in bloodshed.
JAPAN
Nov 18, 1997

Allies draw line in sand over postal services

Apparently backpedaling on administrative reform efforts, the ruling Liberal Democratic Party and its two smaller allies on Tuesday confirmed they will demand that the three services of the posts ministry be maintained as state-run.
JAPAN
Nov 18, 1997

Corporate heads praise measures, point to financial system

The nation's business leaders on Tuesday welcomed the government's package of pump-priming measures as effective, but called for measures to solve problems in the financial sector and for the government to reform the nation's taxation and administrative systems to stimulate the economy.
JAPAN
Nov 18, 1997

New economic package aims at accelerating deregulation

The government unveiled a package of pump-priming measures Tuesday that focuses on accelerating deregulation to help boost confidence in the economy, if not real demand, in the short term.
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

Ministry plays down bank's collapse

Finance Minister Hiroshi Mitsuzuka and other ministry officials Monday attempted to underplay the fact that the failure of Hokkaido Takushoku runs counter to the ministry's oft-repeated pledge that the nation's top 20 banks would not be allowed to fail.
JAPAN
Nov 17, 1997

Explosive rally surprises stock analysts

The strong rebound Monday in Tokyo share prices took analysts by surprise.
JAPAN
Nov 17, 1997

Electronics sector calls on members to ax 'sokaiya' ties

Following the spreading corporate scandal over illegal payoffs to "sokaiya" corporate extortionists, the nation's five electronics and information-related industries Monday jointly called for member companies to immediately cut all ties with such racketeers.
JAPAN
Nov 14, 1997

North Korea returnee started preparing in February

At least one of the 15 Japanese women from North Korea who ended the first homecoming visit in four decades was told by North Korean authorities last February that she had been selected as one of the group members, it was learned Friday.

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