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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...
JAPAN
Jan 9, 1998

St. Ignatius Church reveals initial phase of facelift

The first phase of construction of a new building for St. Ignatius Church, near Yotsuya Station in Tokyo, is finished and was unveiled to the press Friday.The building, a Catholic church well known in the Japanese and foreign community alike, is oval-shaped and has a floor space of 1,450 sq. meters,...
JAPAN
Jan 9, 1998

Committee agrees to begin work on new bullet train sections

A committee of representatives from the government and the three ruling parties agreed Friday to begin construction on three new bullet train sections in fiscal 1997.The committee had been discussing the proposed public work projects, under which runs would be built between:1) Hachinohe and Shin Aomori...
JAPAN
Jan 8, 1998

Agency rates 20 life insurers' ability to pay claims

Amid growing public concerns about financial institutions, the Japan Credit Rating Agency (JCR) on Thursday released a ranking of 20 major life insurance firms in terms of ability to provide payouts.The list included 10 life insurers whose ratings had been previously released in accordance with paid...
JAPAN
Jan 8, 1998

Heavy snow blankets Tokyo region

Tokyo and its surrounding areas were hit by heavy snow Thursday which disrupted traffic and prompted the Meteorological Agency to issue the capital a heavy snow warning -- its first in two years.The snowfall played havoc with Tokyo's highly organized transportation system, forcing train delays in several...
JAPAN
Jan 7, 1998

Kumon left estate of 1.91 billion yen

Takeshi Kumon, president of Kumon Education Institute, left an estate valued at about 1.91 billion yen when he died last year, Tokyo tax authorities disclosed Wednesday.The property, mainly made up of the late Kumon's house and land in Tokyo's Meguro Ward and shares of the institute, has been inherited...
JAPAN
Jan 7, 1998

Man arrested over Osaka murder

OSAKA -- The partial remains of a female Osaka restaurant owner missing since late December were unearthed Wednesday and the man who led police to the site has been arrested in connection with her slaying, police said.Osaka Prefectural Police arrested Yoshio Ishida, 51, of Osaka's Minato Ward, on suspicion...
JAPAN
Jan 6, 1998

Mitsuzuka proposes stock market stabilization measures

Finance Minister Hiroshi Mitsuzuka announced Tuesday a set of measures -- including the introduction of more stringent restrictions regarding the short-selling of stocks -- aimed at reducing volatility in Tokyo's stock markets.Specifically, the definition of short-selling under the Securities and Exchange...
JAPAN
Jan 6, 1998

Big business calls for political leadership

Shoichiro Toyoda, chairman of the Japan Federation of Economic Organizations (Keidanren), said Tuesday that political leadership is needed to swiftly pass planned measures to cope with the economy."Toward the end of last year, various measures were drafted," Toyoda told a joint news conference with...
JAPAN
Jan 5, 1998

TSE, yen decline sharply on first trading day of '98

The Tokyo stock market and the yen fell sharply Monday, the year's first trading day, amid lingering fears about the ailing economy and the beleaguered banking industry.The 225-issue Nikkei average fell 301.90 points, or 1.98 percent, to end the half-day session at 14,956.84.The gloom in the financial...
JAPAN
Jan 5, 1998

Aoshima wants foreign panel's views, not politics

Staff writerThe foreign residents' council recently launched in Tokyo should not be political, but it will be a valuable source of foreigners' opinions for the governor, Yukio Aoshima said in a New Year's interview."I don't want the council to have a political meaning," the Tokyo governor said. "It...
JAPAN
Jan 5, 1998

Yokoyama looks to save Osaka from financial woes

Osaka Gov. "Knock" Yokoyama says that the prefecture's financial woes left him on the verge of despair but that talks with the national government over reform measures are continuing."I felt desperate, at times, because the situation was so bad," Yokoyama said. "But we must do what we can to turn the...
JAPAN
Jan 5, 1998

Authorities ready to intervene on yen's behalf, Komura says

Authorities are prepared to take appropriate action to stabilize currency markets, Vice Finance Minister Takeshi Komura said Monday, adding he is concerned about the yen's recent weakening.The ministry's top bureaucrat told a regular press conference that the yen's depreciation is "undesirable."Touching...
JAPAN
Jan 2, 1998

The Telecoms Race: TTNet takes lead in domestic price war

Second of two partsStaff writerDeregulation in the telecommunications sector began to be slowly implemented over a decade ago, but it is only now that the industry is entering cutthroat price competition, accelerated by the imminent breakup of NTT.On Jan. 7, Tokyo Telecommunication Network Co. (TTNet)...
JAPAN
Jan 2, 1998

Tokyo, Pyongyang bending to renew ties

Staff writerPositive developments have been emerging between Japan and North Korea in their efforts to resume negotiations aimed at establishing diplomatic ties, but a bumpy road still lies ahead, partly because of the deterioration of the South Korean economy.A resumption of full-scale normalization...
JAPAN
Jan 2, 1998

JAS stewardesses first to qualify as Red Cross aid instructors

Two Japan Air System flight attendants have passed qualification tests to become Red Cross first-aid instructors so they can teach colleagues such emergency techniques as heart massages.Yuko Hiiragi, 37, and Taeko Kunishige, 34, are the first Japanese cabin crew members to acquire the qualifications....
JAPAN
Jan 2, 1998

Mitsui set to rebuild its 'zaibatsu' empire

The prewar Mitsui "zaibatsu" conglomerate appears to be making a comeback after being outlawed for five decades as Sakura Bank and other financial institutions belonging to the Mitsui group of companies are contemplating forming a holding company.Financial industry sources said Friday that Mitsui Trust...
JAPAN
Dec 31, 1997

Into the Fast Lane: Freer forex laws offer multiple benefits

First in a series
JAPAN
Dec 31, 1997

Three new opposition parties moving toward unification

Leaders of three small opposition parties announced Wednesday they will form a joint parliamentary group during the Diet session that begins Jan. 12 and open negotiations on forming a new party.
JAPAN
Dec 31, 1997

Hashimoto to stay in charge by default, despite recession

Staff writer
JAPAN
Dec 31, 1997

Hashimoto vows to give strength to the economy

The government will take every possible measure to stabilize the nation's financial system and restore the economy to a healthy state, Prime Minister Ryutaro Hashimoto vowed during a news conference marking New Year's Day.
JAPAN
Dec 31, 1997

Upstart airlines prepare to take to the skies

Staff writer
The second life of Japan's net cafes
Once smoky, male-dominated spaces, today's net cafes, like Kaikatsu Club, are working to make their operations more attractive to women customers.
More Japanese universities pushing toward teaching in English
Waseda University in Tokyo
Takaichi leads first ministerial meeting on policies regarding foreign residents
Prime Minister Sanae Takaichi attends a ministerial meeting on policies regarding foreign nationals and immigration on Tuesday at the Prime Minister's Office.
ChatGPT nickname and Trump tariffs nominated for Japan’s buzzword of 2025
Women hold toys depicting Myaku-Myaku, the official character for the 2025 Osaka Expo, during a media day ahead of the event's public opening day in Osaka in April.
Japan’s Nikkei 225 slumps 4%, led by losses in tech sector
Japan’s benchmark Nikkei stock average index briefly tumbled more than 2,000 points on Wednesday morning following a downbeat session on Wall Street fueled by fears of a bubble in the artificial intelligence sector.
Across borders and screens, Tokyo film festival finds humanity in migration
“Mother Bhumi” takes place in a multiethnic rice-farming community where Chinese, Thai and Malay lineages intertwine.
Takaichi’s balancing act: Supporting Taiwan and stabilizing China ties
Prime Minister Sanae Takaichi shakes hands with Lin Hsin-i, Taiwan’s presidential adviser, on the sidelines of an Asia-Pacific Economic Cooperation summit meeting in Gyeongju, South Korea, on Saturday in this image posted to Takaichi's official X account.
From 1973 to 2025: A Japanese American skater’s long ride to recognition
Judi Oyama at Winchester Skatepark in San Jose, California, in January 1979. The Skateboarding Hall of Fame inductee and Guinness World Record holder still skates and hopes to inspire older women.
More Japanese universities pushing toward teaching in English
Waseda University in Tokyo
Young Indonesians in Japan find their political voice
Indonesian students at Hiroshima University hold posters of the 17+8 Demands, demanding transparency and action from their homeland’s government.

Podcast

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

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
By Alex K.T. Martin

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