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JAPAN
Mar 18, 1999

New Japan, Wako plan merger in April 2000

New Japan Securities Co. and Wako Securities Co. have tentatively agreed to merge in April 2000 into Japan's fourth-largest brokerage house, sources said Thursday.
EDITORIALS
Mar 17, 1999

Beleaguered China stays on course

China was caught up last year in a convergence of slower growth, rising unemployment and the bankruptcies of some regional financial institutions. It chose to fight these dangerous trends by sharply expanding infrastructure investment and financial support to deficit-ridden state-owned enterprises long...
COMMENTARY
Mar 2, 1999

A world bereft of leaders?

LONDON -- Hardly a day goes by without someone deploring the lack of political and economic leadership in our world. Commentators bemoan that with the departure of politicians like former British Prime Minister Margaret Thatcher and German Chancellor Helmut Kohl the world is bereft of political leadership....
COMMENTARY / World
Feb 25, 1999

Courage pays off in Seoul

The crisis that has hit emerging-market economies around the world may not yet be over, but the "policy courage" that the South Korean people and the Seoul government have shown in reaction to it is already bearing fruit. South Korea has impressed its OECD partners by turning the crisis into an opportunity...
JAPAN
Feb 25, 1999

Sakura bad-loan writeoffs to reach 990 billion yen

Sakura Bank on Thursday said it will write off about 990 billion yen in bad loans during the business year ending March 31, some 80 billion yen more than it originally expected.
EDITORIALS
Jan 26, 1999

Europe's democracy deficit

The "European project" -- the continent's gradual evolution toward greater integration -- took a giant step forward this month with the launch of the euro. The single currency is a bold initiative, but it is merely the latest manifestation of a time-tested European strategy: Economic integration has...
EDITORIALS
Jan 22, 1999

An Olympic-size mess

What a difference a year makes. One year ago, Nagano City was pulling out the stops to welcome athletes from all over the world for a mammoth festival on ice and snow. Such was the universal appeal of the Olympic Games that even warring nations laid down their arms for the duration of the competition...
LIFE / Digital / CYBERIA
Jan 20, 1999

Toys today, tools tomorrow

Cybersurfers never had it so good. The efforts of Apple's Steven Jobs to revive his legacy mean that we can order the iMac in one of five "flavors." Thanks, Steve. Bill Gates wants you to be able to go anywhere you want on the Net -- as long as Microsoft escorts you on the journey
JAPAN
Jan 14, 1999

Meiji Life hawking policies in magazines

Meiji Life Insurance Co. has started selling a 5 million yen life insurance plan through magazine advertisement inserts, company officials said Thursday.
JAPAN
Jan 12, 1999

Nikkeiren puts security of jobs ahead of wages

The Japan Federation of Employers' Association (Nikkeiren) on Tuesday publicized its annual labor report, which for the first time recommended reducing overall personnel costs through the "shunto" annual spring wage bargaining round this year.
JAPAN
Jan 11, 1999

Winter, jobless chill descends upon Osaka's homeless

"As things stand now, I have no way but to die by the roadside. Even if I get a job, I'm too weak to work," said a 60-year-old former day-laborer who has been homeless for five months.
JAPAN
Jan 5, 1999

Century of Change: Society short of leaps in women's education

Michiko Kanzaki, 77, still remembers how her elementary school teachers taught her to be like "the water that complies with its container" — that is, faithful to her country, dutiful to her parents and obedient to her husband.
JAPAN
Dec 11, 1998

Government presents LTCB restructuring plan

The troubled Long-Term Credit Bank of Japan, now under temporary state control, submitted a restructuring plan to the government pledging more job cuts and decreased overseas operations, the president of the LTCB announced Friday.
JAPAN
Nov 25, 1998

More women accept idea of divorce despite parenthood

Women's attitudes toward divorce and family may be changing, according to a recent survey by a marriage information service council that found that 28 percent of single women in their 20s and early 30s feel married couples should not separate if they have children.
JAPAN
Nov 23, 1998

Dark cloud remains over Kabutocho

The bright, eight-story building was supposed to be something to savor for people working in Tokyo's Kabutocho securities center. But it has ended up symbolizing the continuing plight of the brokerage industry.
JAPAN
Nov 16, 1998

Government unveils 24 trillion yen stimulus

The government on Monday unveiled a 24 trillion yen economic stimulus package -- its largest to date -- aimed at posting a positive economic growth in fiscal 1999 and creating 1 million new jobs.
JAPAN
Nov 16, 1998

Package sufficient: Keidanren

The nation's business community welcomed the latest pump-priming package Monday and renewed calls for the government to quickly decide on the particulars of planned tax cuts worth some 7 trillion yen.
JAPAN
Nov 3, 1998

Mayor of Wakayama arrested for alleged bribery

OSAKA -- Wakayama Mayor Yoshihiro Ozaki was arrested Monday evening on suspicion of receiving 1 million yen in bribes in exchange for favoring an applicant for a municipal job.
JAPAN
Oct 30, 1998

Mitsui Trust withdraws from overseas operations

Mitsui Trust & Banking Co. announced a sweeping corporate restructuring plan Friday that calls for it to retreat from overseas banking by the end of March and concentrate on domestic asset trust services in tandem with a U.S. firm.As part of the streamlining, executive bonuses will be cut 10 percent...
JAPAN
Oct 29, 1998

MITI request of 144 billion yen eyed to aid small firms

The Ministry of International Trade and Industry will request 144 billion yen for measures to support small and midsize firms suffering from the ongoing credit crunch, ministry officials said Thursday.MITI said it will file the request today with the Finance Ministry in line with the government's plan...
JAPAN
Oct 29, 1998

Ministry suggests refresher courses for teachers

Not only students but also teachers will be encouraged to study harder in the next century -- to brush up their teaching and guiding abilities to meet the changing needs of kids, according to an advisory panel to the education minister.In its final report released Thursday, the Educational Personnel...
JAPAN
Oct 21, 1998

Nomura to eliminate up to 2,000 jobs worldwide

In response to huge losses at its overseas affiliates, Nomura Securities Co. has decided to reduce payrolls by 1,000 to 2,000 at home and abroad, company sources said Wednesday.Nomura is expected to make an official announcement of the job cuts today when it releases its audited semiannual financial...
JAPAN
Oct 21, 1998

JNR Settlements' era ends without a bang

JNR Settlements Corp.'s 11-year history ended at midnight Wednesday as new laws to more effectively dispose of 28.3 trillion yen in debt left behind by the defunct Japanese National Railways took effect.The semigovernmental body was created in 1987 to tame debt of 22.6 trillion yen accumulated by JNR,...
JAPAN
Oct 14, 1998

Corporate failures in first half surge to postwar high

The number of corporate bankruptcies with debts of more than 10 million yen each totaled 10,034 during the first half of fiscal 1998 -- the April to September period -- major corporate research firm Teikoku Databank said Wednesday.It was the first time in 14 years the figure has exceeded 10,000 during...
JAPAN
Oct 8, 1998

Manufacturers in losing battle with lifetime employment

Staff writerFinancial institutions are not the only Japanese companies suffering from the moribund economy.Major electronics firms and automakers, which once basked in the strong growth of the famed Japanese economic miracle, have revised their projected earnings downward for the first half of the current...
JAPAN
Sep 17, 1998

Attorney enters Osaka governor's race

OSAKA -- Attorney Seiichi Kato, 57, has announced he will run for Osaka governor in the April 1999 race, and called for drastic administrative reforms including privatization of many prefectural government jobs.
JAPAN
Sep 10, 1998

Economic council targets 14 issues for recovery

An advisory panel to Prime Minister Keizo Obuchi on Thursday selected 14 main issues that it will address in its attempt to help the government achieve full-scale economic recovery within two years.
JAPAN
Sep 9, 1998

Stalker arrested over six-year harassment

OSAKA -- Police have arrested a 60-year-old man for allegedly stalking a woman over a six-year period and causing her to suffer from a nervous breakdown, it was learned Wednesday.
JAPAN
Sep 7, 1998

Rengo pressures Obuchi to fulfill job, tax cut promises

The Japanese Trade Union Confederation (Rengo) urged the government Monday to make good on its promised tax reductions, including 4 trillion yen in income tax cuts.
JAPAN
Sep 1, 1998

Ex-Defense Agency official probed over influence peddling

A former deputy director of the Defense Agency's Central Procurement Office may have improperly pressed a communications equipment supplier to hire two retired Defense Agency officials, sources said Tuesday.

Longform

Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.