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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...
JAPAN
Oct 2, 1998

IBJ, Dai-ichi Life plan tieup by 2000

The Industrial Bank of Japan and Dai-ichi Mutual Life Insurance Co. announced Friday a plan for a broad-based business tieup designed to strengthen each side to survive the Japanese "Big Bang" financial deregulation.The move is the latest business alliance to be announced among the major Japanese financial...
JAPAN
Oct 1, 1998

DKB, J.P. Morgan form investment trust venture

Dai-Ichi Kangyo Bank and J.P. Morgan and Co. of the United States has sealed a tieup agreement to sell investment trust products in Japan through DKB's sales channels, the two companies announced Thursday.The move is an attempt to gain a competitive edge over established alliances between rival financial...
JAPAN
Sep 9, 1998

BOJ slashes call rate in monetary rescue action

In a surprise move, the Bank of Japan's Policy Board agreed Wednesday to further ease monetary policy by guiding the weighted average of the overnight call money rate down to around 0.25 percent per year.
JAPAN
Jul 28, 1998

Sumitomo Bank, Daiwa to set up joint ventures

Sumitomo Bank and Daiwa Securities Co. have agreed to start three joint ventures next April in a move to secure an edge over competitors under the ongoing ""Big Bang" financial deregulations, the two companies announced Tuesday.
JAPAN
Jul 6, 1998

Hayami voices concern over economy's malaise

Bank of Japan Gov. Masaru Hayami reiterated Monday the need to overhaul the economy, with improvement of the now-stagnant business conditions and reform in the financial system as the two keys to revival.
JAPAN
Jun 23, 1998

White elephant tries to move decades of debt

BY SAYURI DAIMONStaff writer
JAPAN
May 22, 1998

Merging banks first to take advantage of DIC law revision

The planned merger between Fukutoku Bank and the Bank of Naniwa, two Osaka-based regional firms, will mark the first case in which merging banks, both ailing, receive financial help from the government-backed Deposit Insurance Corp., the Finance Ministry announced Friday.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
The United States imposes 15% 'reciprocal' tariff on most Japanese goods
U.S. President Donald Trump speaks at the White House on Wednesday.
U.S. backtracks on Japan tariff calculation, taking effective rate lower
Ryosei Akazawa, Japan's chief tariff negotiator, said the U.S. made a clerical error in not including a “reciprocal” tariff rate ceiling for Japan in the trade deal.
How Pakistan shot down India's cutting-edge fighter using Chinese gear
An Indian Air Force pilot gets out of a Rafale fighter jet during its induction ceremony at an air force station in Ambala, India, September 2020.
Biggest drop in Japanese nationals seen alongside record high in foreign residents
A street in Tokyo's Shinjuku district on Wednesday
Cheer with caution: Expert advises sports fans have game plan for extreme heat
A Cardinals fan fans himself during the seventh inning of a game against the Pirates in St. Louis, Missouri, in June 2022.
Australia's warship selection signals Japanese defense industry's arrival
The Maritime Self-Defense Force's Mogami-class frigate. Australia's selection of an upgraded version of the Mogami-class warship for its next frigate class could prove to be a watershed moment for Japan’s defense industry.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
Will the movement seeking Ishiba’s resignation succeed?
Liberal Democratic Party youth division head Yasutaka Nakasone (center) and other members speak to reporters in Tokyo on July 25.
Photographer Bleg Bayraktar is winning social media with politeness
A video on Bayraktar's Instagram account of the Belgian photographer approaching an elderly worker in Tokyo's Shibuya has gone viral, garnering almost 9 million views.

Podcast

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

Longform

Koichi Tagawa’s diary entry from Aug. 9, 1945, describes the day of the atomic bombing of Nagasaki.
The horrors of Nagasaki, in first person
By Naoko Abe

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