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JAPAN
Mar 26, 1998

Ceramics-maker turns bottles into bucks

Sixteenth in a series of occasional articles on venture businesses
JAPAN
Mar 26, 1998

Rogue copper trader draws eight-year prison term

Yasuo Hamanaka, a former chief copper trader at Sumitomo Corp., was sentenced to eight years in prison March 26 for fraud and forgery that eventually cost the trading giant some $2.6 billion -- the largest trading loss ever.
JAPAN
Mar 26, 1998

The Asahara Trial: Cultist says he hoped for post-attack probe

A senior Aum Shinrikyo follower testified March 26 that he had hoped police would launch a full-scale investigation into the cult after the 1994 sarin attack in Matsumoto, Nagano Prefecture, because he believed a probe would have kept the cult from committing further crimes.
JAPAN
Mar 24, 1998

Banks adopt U.S.-style disclosure rules

The banking industry federation decided Tuesday that from this fiscal year, all member banks will need to disclose information about their bad loans according to stricter standards, in line with those of the United States.
JAPAN
Mar 24, 1998

Effects of tax cuts are overestimated, Yamasaki insists

and MARI KOSEKI
JAPAN
Mar 24, 1998

Unlicensed liquor dealer loses appeal

The Supreme Court dismissed Tuesday an appeal by a former liquor dealer charged with selling liquor without a license in the early 1980s, in violation of the Liquor Tax Law, and upheld his suspended prison term.
JAPAN
Mar 24, 1998

Former Yamaichi chiefs indicted for hiding debt

Former Yamaichi Securities Co. Chairman Tsugio Yukihira and Atsuo Miki, the firm's former president, were indicted Tuesday on charges of violating the Securities Transaction and Commercial Code by hiding about 270 billion yen in debts and still paying about 6 billion yen in dividends to shareholders,...
JAPAN
Mar 24, 1998

Panel advises schools to get help on violence, delinquency

To fight increasing student delinquency and violence of recent years, an Education Ministry council submitted a report Tuesday urging schools to take a firm stance against serious crimes and to seek specialized assistance from other organizations.
JAPAN
Mar 24, 1998

Number of mobile computer users ready to rise

In the 2000 business year, the number of users of mobile computers in Japan , excluding voice-service users, will be 20 times what it is in the current business year and is likely to total 13.63 million people, an industry group reported Tuesday.
JAPAN
Mar 23, 1998

Forged passports earn detainees new arrest warrants

Police served new warrants Monday to five Chinese now under arrest on suspicion of forging passports and alien registration cards.
JAPAN
Mar 23, 1998

National financial aid for civil lawsuits sought

Legislation is needed to provide financial help to people who cannot afford to file civil suits, an advisory body to Justice Minister Kokichi Shimoinaba urged Monday.
JAPAN
Mar 23, 1998

Spain opens 'ExpoConsumo '98'

Spain kicks off its three-day exposition "ExpoConsumo '98" today in Tokyo as it seeks out more business opportunities and tourists from Japan.
JAPAN
Mar 23, 1998

Public works considered best stimulus package

Staff writer
JAPAN
Mar 20, 1998

Hong Kong denies plan for Olympics

Staff writer
JAPAN
Mar 20, 1998

Hashimoto, LDP play different roles on economy

Staff writer
JAPAN
Mar 20, 1998

Upper House approves soccer lottery revisions

The Upper House, supported by members of the ruling Liberal Democratic Party and one of its allies, New Party Sakigake, approved a revised bill March 20 to start a soccer lottery system that would raise funds for the promotion of athletics.
JAPAN
Mar 20, 1998

Anniversary of subway nerve gas attack observed

Memorial events were held March 20 to mark the third anniversary of the deadly Tokyo subway nerve gas attack, which key members of Aum Shinrikyo have been accused of carrying out.
JAPAN
Mar 20, 1998

Aum Three Years Later: Victims struggle for redress

Last of three parts
JAPAN
Mar 20, 1998

Hayami takes helm of Bank of Japan

Masaru Hayami took the helm as governor of the trouble-stricken Bank of Japan on March 20, emphasizing the need for the central bank to protect its independence and ensure transparency in policymaking as the revised BOJ Law takes effect April 1.
JAPAN
Mar 19, 1998

Reporter dogs cultists' trials

For more than eight years, freelance journalist Shoko Egawa has devoted her time and energy to reporting on Aum Shinrikyo, driven by regret that she could not keep her friend, lawyer Tsutsumi Sakamoto, and his family from being murdered.
JAPAN
Mar 19, 1998

DDI, Teleglobe to join on international services

DDI Corp., and Teleglobe Japan Inc., an affiliate of Montreal-based Teleglobe International Inc., jointly announced March 19 that they have signed an agreement in principle for international connections to offer inexpensive international telephone service, starting from October.
JAPAN
Mar 19, 1998

Finance official arrested in stimulants bust

A public corporation official on loan from the scandal-hit Finance Ministry and a high school teacher are among a group of five men arrested on suspicion of buying and possessing amphetamine stimulants, police said March 19.
JAPAN
Mar 18, 1998

Corporate pace-setters trim spring pay raises

Reflecting the nation's continuing economic weakness, pace-setting major firms in the auto, electronics, shipbuilding and heavy machinery sectors on March 18 offered wage hikes smaller than those given last year to their labor unions.
JAPAN
Mar 18, 1998

Ex-gangster held for sale of stimulants

A former senior gang member has been arrested for allegedly selling about 50 kg of stimulant drugs with a street value of 1.5 billion yen to the head of an underworld group in Tokyo, police said March 18.
JAPAN
Mar 18, 1998

Matsushita, Sunny launch TV recycling experiment

OSAKA -- Matsushita Electric Industrial Co. and Sunny Metal Corp. started up operations March 18 at an experimental facility to study a television recycling system in Konohana Ward here.
JAPAN
Mar 18, 1998

Matsuno tells Diet he condoned 'tobashi' option for Yamaichi

Diet testimony given March 18 by Nobuhiko Matsuno, former chief of the Finance Ministry's Securities Bureau, indicates that he may have advised a top executive of Yamaichi Securities Co. to continue dubious practices involving a "tobashi" trading-related problem with one of its client firms.
JAPAN
Mar 18, 1998

State to withdraw 400 million yen claim against Aum

The government intends to withdraw a claim for more than 400 million yen against Aum Shinrikyo, which has been declared bankrupt, Chief Cabinet Secretary Kanezo Muraoka indicated March 18.
JAPAN
Mar 17, 1998

State grills bank industry official who advised Yamaichi

Nobuhiko Matsuno, 59, vice chairman of the Regional Banks Association of Japan, was questioned by prosecutors about Yamaichi Securities Co. seeking his counseling when he headed the Finance Ministry's Securities Bureau in 1991, informed sources said March 17.
JAPAN
Mar 17, 1998

January industrial output rises 2.9%

Industrial output in January rose 2.9 percent from the previous month, remaining unchanged from the preliminary figure, the Ministry of International Trade and Industry said in a report released March 17.
JAPAN
Mar 17, 1998

Upper House panel backs soccer lottery bill

A revised version of the soccer lottery bill was approved March 17 by an Upper House panel, bringing the lucrative but controversial sports promotion legislation one step closer to enactment.

Longform

Once smoky, male-dominated spaces, today's net cafes, like Kaikatsu Club, are working to make their operations more attractive to women customers.
The second life of Japan's net cafes