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JAPAN
Jul 15, 1997

Nomura facing stiff punishment

The Securities and Exchange Surveillance Commission on July 15 issued a recommendation to the finance minister to take punitive action against Nomura Securities Co. and four former Nomura executives for making illegal paybacks to a "sokaiya" corporate racketeer.
JAPAN
Jul 15, 1997

Defense Agency urges crisis-response legislation

Japan should adopt comprehensive legislation to deal with armed conflicts in neighboring areas and continue to watch military trends in North Korea and China, according to the 1997 Defense White Paper.
JAPAN
Jul 15, 1997

Azabu executives indicted over hidden funds

The Tokyo District Public Prosecutor's Office indicted on July 15 the president of Azabu Building Co. and an executive in charge of financial matters on suspicion of concealing some 1.3 billion yen in a secret account to prevent creditors from claiming its assets, office sources said.
JAPAN
Jul 15, 1997

Tokyo may consult IMF on Thai baht turmoil

If necessary, Japan will hold discussions with the International Monetary Fund over how to deal with the recent instability of the Thai baht, Finance Minister Hiroshi Mitsuzuka said July 15.
JAPAN
Jul 14, 1997

Experts comb site of mysterious GSDF training deaths

AOMORI -- Chemical experts of the Ground Self-Defense Force were analyzing air samples July 14 from a site where three soldiers died from apparent gas poisoning during a training drill late July 12.
JAPAN
Jul 14, 1997

Bankruptcies set record for half-year period

Nearly 8,000 companies went bankrupt between January and June with combined liabilities of 6.37 trillion yen, a record high for a half-year period, a private research company said July 14.
JAPAN
Jul 11, 1997

Shinshinto loses another lawmaker

Shinshinto, the largest opposition party, is losing another member, it was announced July 11.
JAPAN
Jul 11, 1997

Financier-reduction plan shot down by experts

Experts criticized a set of proposals July 11 announced by the Liberal Democratic Party for cutting government-affiliated financial institutions because they lack meaningful principles on which such downsizing can be based.
JAPAN
Jul 11, 1997

New MITI vice minister calls for change

As the global community enters an age of overwhelming competition, Japan must increase its efforts to revamp economic structures and create a new system with greater efficiency, according to Osamu Watanabe, who on July 11 was appointed vice minister for international trade and industry.
JAPAN
Jul 11, 1997

Ministerial conference to combat 'sokaiya' planned

Government ministers will soon hold a conference to discuss problems related to "sokaiya" corporate extortionists as the reverberations of payoff scandals involving leading financial institutions continue to shake Japan, Chief Cabinet Secretary Seiroku Kajiyama said July 11.
JAPAN
Jul 11, 1997

ASDF planes fly to Cambodia for evacuation mission

Two Air Self-Defense Force transport planes were dispatched early July 12 to Thailand via Manila to prepare for the evacuation of Japanese nationals from Cambodia, where political uncertainty continues, government officials said July 11.
JAPAN
Jul 10, 1997

Tokyo, Kanagawa bow to wiretap ruling

The central government and Kanagawa Prefecture said July 10 they will not appeal a June 26 high court ruling ordering them to pay about 4 million yen in damages for the 1986 wiretapping of the home phone of then Japanese Communist Party official Yasuo Ogata.
JAPAN
Jul 10, 1997

Unlicensed bus firms raided

The Metropolitan Police Department and local police raided hotels and operators of duty-free stores July 10 for operating unlicensed tourist bus services in violation of the Land Transport Law, police sources said.
JAPAN
Jul 10, 1997

Landslide in Fukuoka claims at least 19

FUKUOKA -- Inundating rains set off massive flash flooding and landslides in Kagoshima Prefecture on July 10, killing at least 19 people, injuring 13, and leaving two missing, police said.
JAPAN
Jul 9, 1997

Need for Cambodia airlift recedes

Deputy Chief Cabinet Secretary Teijiro Furukawa indicated late July 9 that the need for the government to send Air Self-Defense Force planes to Cambodia to rescue Japanese people there has decreased.
JAPAN
Jul 9, 1997

Cluster discovery may rewrite theory on galaxy formation

A team of Japanese astrophysicists have discovered a cluster of galaxies about 9 billion light years away from the Earth -- a discovery that could rewrite the conventional theory on the formation of galaxies.
JAPAN
Jul 9, 1997

Japan may reduce official aid to UNDP

Japan may cut its aid disbursement to the United Nations' development unit because of cuts being made to its official development assistance budget, Foreign Minister Yukihiko Ikeda told James Speth, administrator of the U.N. Development Program, according to ministry officials.
JAPAN
Jul 8, 1997

Sapporo to host U.N. arms symposium

A U.N.-sponsored international conference on disarmament will be held July 22 to 25 in Sapporo to promote international cooperation in arms reduction, Foreign Ministry officials said July 8.
JAPAN
Jul 8, 1997

Transport to stiffen health checks for mariners

The Transport Ministry will this year tighten the physical checkup criteria for older marine pilots to ensure they are physically fit to guide large vessels through busy ports and bays, sources close to the ministry said July 8.
JAPAN
Jul 8, 1997

Citizens suspicious of Osaka's bid for Olympics

OSAKA -- While Osaka officials say public support for the 2008 Olympics bid is at a fever pitch, many ordinary citizens are concerned that public money is being spent on Olympic-size plans without public accountability, and recent polls indicate a growing number are having second thoughts about the Games....
JAPAN
Jul 8, 1997

Hase murder suspect called 'scapegoat'

Japanese society is trying to make a scapegoat of the 15-year-old suspect held in the killing of Jun Hase, according to panelists taking part in a discussion organized by the Social Democratic Party on July 8 to assess the social impact of the case.
JAPAN
Jul 7, 1997

Family of young transplant patient seeks help with bills

The family of a 6-year-old boy who underwent two heart transplants in the United States last year is in a financial crisis after amassing more than 200 million yen in hospital bills.
JAPAN
Jul 7, 1997

Hashimoto elated with LDP wins; JCP surges

Prime Minister Ryutaro Hashimoto expressed confidence July 7 over his Liberal Democratic Party's continued reign over national politics following his party's victory in the Tokyo Metropolitan Assembly race July 6.
JAPAN
Jul 7, 1997

Chugoku Focus: Reclamation foes find new target

MATSUE, Shimane Pref. -- As the controversial project to fill in Isahaya Bay in Nagasaki Prefecture takes its toll on the marine environment, local residents here are battling against another unwanted public works project that appears to serve no purpose.
JAPAN
Jul 7, 1997

Finance launches group to draft 'Big Bang' legislation

The Finance Ministry has launched a study group to initiate discussions on drafting wide-reaching financial services legislation.
JAPAN
Jul 4, 1997

Japan to join EU action against Massachusetts law

Japan will join the European Union as early as next week in filing a complaint with the World Trade Organization about a Massachusetts law that denies state contracts to companies doing business in Myanmar, government sources said July 4.
JAPAN
Jul 4, 1997

Supreme court rejects Inamura appeal

The Supreme Court on July 4 rejected an appeal from a former Environment Agency director general, letting stand a lower court sentence of three years in prison and a 300 million yen fine for tax evasion.
JAPAN
Jul 4, 1997

Contractor files for bankruptcy

A medium-size general contractor listed on the first section of the Tokyo Stock Exchange effectively went bankrupt July 4 due to real estate-related debts that inflated after the burst of the bubble economy in the early 1990s.
JAPAN
Jul 4, 1997

Shinshinto panel urges end to open primaries

Shinshinto should stop using open primaries to choose its leader, a panel within the largest opposition party said in a report released July 4.
JAPAN
Jul 4, 1997

Okinawa to host development talks

Japan will host an international development conference in Okinawa Prefecture on July 24 and 25 to seek ways of promoting development assistance, Foreign Ministry officials said July 4.

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