Search - financial-news

 
 
JAPAN
Mar 14, 2001

Mori sets up panel to boost TSE

Prime Minister Yoshiro Mori on Tuesday instructed Cabinet members in charge of the economy to quickly come up with ways to rescue the free-falling stock market, Chief Cabinet Secretary Yasuo Fukuda said.
SOCCER / J. League
Mar 9, 2001

Bad days are over, but J. League must change with the times

When the J. League was launched on May 13, 1993, it had 10 teams in a single-division format. Since then, the league has grown and now consists of 28 teams in two divisions.
BUSINESS
Dec 27, 2000

FRC official named to head FSA

Shoji Mori, secretary general of the Financial Reconstruction Commission, will become the head of the Financial Services Agency on Jan. 6, succeeding Masaharu Hino, who will retire, government officials said Tuesday.
BUSINESS
Sep 6, 2000

Regional banks seek 95 billion yen injection

Chiba Kogyo Bank and Yachiyo Bank on Monday asked the government for a combined 95 billion yen in taxpayers' money to bolster their fragile capital bases.
BUSINESS
Aug 29, 2000

Life, nonlife insurers tie up

Dai-ichi Mutual Life Insurance Co. and Yasuda Fire & Marine Insurance Co. on Monday formally announced a comprehensive tieup that includes joint marketing of each other's products and integration of Dai-ichi's nonlife insurance subsidiary with Yasuda.
JAPAN
Aug 9, 2000

BOJ under pressure on zero interest rate

The Bank of Japan on Tuesday came under heavy political pressure to keep its "zero-interest-rate" policy during a meeting with the government's most influential politicians on economic matters.
BUSINESS
Jul 27, 2000

NCB sale to Softbank group delayed

The Financial Reconstruction Commission said Wednesday that it will delay for one month the planned sale of the nationalized Nippon Credit Bank to a consortium led by Softbank Corp. due to political pressure over one of the clauses contained in the contract.
COMMENTARY / World
Jul 24, 2000

South Korea's new take on the world

The emotional pendulum swings in Korea are mesmerizing -- and predictable. First there was the euphoria triggered by last month's historic summit between the two Korean leaders. Then there was the inevitable reaction as more sober heads pointed out the difficulties that lie ahead: continuing talks to...
BUSINESS
Jul 12, 2000

Sogo rescue package will remain as is: FRC

Financial authorities are not considering, at present, reviewing a controversial bailout plan for Sogo Co., the Financial Reconstruction Commission chairman said Tuesday.
BUSINESS
Jun 30, 2000

FRC details rules on injecting capital into credit institutions

The Financial Reconstruction Commission unveiled guidelines Thursday for the injection of capital into credit associations and credit unions, the collapse of which could wreak havoc on local economies.
COMMENTARY / World
Jun 20, 2000

New rules, old political games

Japanese go to the polls June 25 in the nation's second general election that combines single-seat constituencies and proportional representation.
CULTURE / Books
Apr 12, 2000

Fingleton deflates the New Economy

IN PRAISE OF HARD INDUSTRIES: Why Manufacturing, Not the Information Technology, Is the Key to Future Prosperity, by Eamonn Fingleton. Boston: Houghton Mifflin Company, 1999, 273 pp., $26 (cloth). A 24-year-old Englishman with a ponytail waltzed into the offices of a London venture-capital company...
COMMENTARY / World
Mar 23, 2000

Breaking down the doors of Japan's discriminatory press clubs

In May 1993, David Butts, then Tokyo bureau chief of Bloomberg Business News, was fed up. After years of unsuccessful efforts to penetrate Japan's press clubs through polite negotiation, the tall Texan chose a more direct approach. On the day annual company reports were released, Butts, with other foreign...
JAPAN
Oct 8, 1999

Stimulus package may top 11 trillion yen

Prime Minister Keizo Obuchi on Friday ordered his Cabinet to draft an economic stimulus package worth more than 10 trillion yen, Chief Cabinet Secretary Mikio Aoki said.
JAPAN
Sep 13, 1999

FRC approves public funds to four banks

The Financial Reconstruction Commission formally approved plans Monday to pump 260 billion yen in public funds into the depleted capital bases of four regional banks.
JAPAN
Sep 3, 1999

Chairman's tight control choked off Tokyo Sowa

The collapse of Tokyo Sowa Bank was caused in part by the autocratic management of former chairman Shoichi Osada, the bank's administrators concluded in their report to financial authorities Friday.
JAPAN
Aug 24, 1999

Business leaders say APEC must do more

The Asia-Pacific Economic Cooperation forum must accelerate its efforts to liberalize trade and investment, APEC business leaders said Tuesday.
JAPAN
Aug 4, 1999

LDP lawmakers want remittances to North halted

Japan should suspend cash remittances to North Korea if Pyongyang test-launches a second ballistic missile, Liberal Democratic Party lawmakers said Wednesday.
JAPAN
Aug 2, 1999

Nissan to unload stake in nine Tu-Ka firms

Nissan Motor Co. announced Monday that it will sell all its shares in nine Tu-Ka and Digital Tu-Ka cellular phone companies to DDI Corp. and Japan Telecom Co. in a move that will likely accelerate the ongoing realignment of cellular phone operators into three major groups -- DDI, Japan Telecom and NTT...
JAPAN
Jun 23, 1999

Bank inspections weak, Miyazawa admits

Finance Minister Kiichi Miyazawa on Wednesday admitted that the ministry's bank inspections were opaque and ineffective.
JAPAN
Apr 27, 1999

Yanagisawa vows to speed up action on bad debt woes

Hakuo Yanagisawa, state minister in charge of financial system revitalization measures, pledged Tuesday to accelerate efforts to solve bad debt problems.
JAPAN
Mar 16, 1999

Deterioration appears to be at halt: BOJ

The Bank of Japan revised its assessment of the economy slightly upward in its monthly report released Tuesday, saying things appear "to have stopped deteriorating."
CULTURE / Books
Mar 8, 1999

The view from the 20th floor

FOREIGN CORRESPONDENTS IN JAPAN, edited by Charles Pomeroy, Charles E. Tuttle Co., 1998, 367 pp., 3,700 yen (cloth). The image Japan projects abroad comes not only from the government or big business; it also arises from a certain private club occupying the 20th floor of a building overlooking the...
JAPAN
Feb 8, 1999

BOJ urged to buy bonds

Chief Cabinet Secretary Hiromu Nonaka urged the central bank Monday to step up efforts within the week to stop the rise in interest rates through such means as buying government bonds from the market.
JAPAN
Feb 2, 1999

JR Tokai coughs up 20.5 billion yen for JNR burden

Central Japan Railway Co. (JR Tokai) officially announced Tuesday that it will accept the additional financial burden imposed by the government in a scheme to repay about 28 trillion yen in debts left behind by the former Japanese National Railways.
EDITORIALS
Jan 19, 1999

A regional test for Japan

If the International Monetary Fund today serves, in effect, as a tough lender of last resort globally, Japan last year gave itself the role of a friendly neighborhood bank in East Asia. That choice has proved timely, but it has become more challenging as the new year began. Unsettling news from two places...
JAPAN
Nov 20, 1998

Clinton endorses stimulus plan

Prime Minister Keizo Obuchi met with U.S. President Bill Clinton on Friday and pledged to bring about positive economic growth in fiscal 1999, stabilize the nation's fragile financial system and quickly implement 24 trillion yen in stimulus measures.
JAPAN
Oct 15, 1998

Bank infusions should be simultaneous, Hayami says

The nation's 19 major banks should receive capital injections not one at a time but all at once to maximize the move after a bank recapitalization bill designed to reinforce their capital bases is enacted, Bank of Japan Gov. Masaru Hayami said Thursday.With the injection of public funds, clear-cut disclosure...
JAPAN
Oct 14, 1998

Push banks to accept public funds, council urges

The government should take the initiative to quickly inject tens of trillions of yen in public money into the nation's major banks to boost their capital bases and ease the credit crunch, a special advisory panel to Prime Minister Keizo Obuchi proposed Wednesday.The Strategic Economic Council, headed...

Longform

Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?