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JAPAN
Apr 27, 1998

Sakakibara tries to quell fears of financial doom

Eisuke Sakakibara, vice finance minister for international affairs, tried to calm markets Monday by clarifying comments carried in an interview late last week that major Japanese financial institutions might fail.
JAPAN
Apr 22, 1998

Finance bureaus report further deterioration nationwide

The economy is showing increasing signs of deterioration across the board in every part of the nation, regional financial bureaus reported to the Finance Ministry on Wednesday.
JAPAN
Apr 22, 1998

Big Business begins turning on Hashimoto

Prime Minister Ryutaro Hashimoto is not only facing foreign pressure to restore the nation's economic health; he is now also confronted with growing criticism from Japan's business leaders, who are raising doubts about his management of the economy.
JAPAN
Apr 20, 1998

OECD economist urges comprehensive stimulus effort

Emergency fiscal stimulus measures would help boost the economy, but a comprehensive approach with deregulatory and bank-strengthening steps holds the key to recovery, the top economist at the Organization for Economic Cooperation and Development said April 20.
JAPAN
Apr 17, 1998

Fiscal reform law changes to be minimal

Revisions to the Fiscal Structural Reform Law will be kept to a minimum, and current spending caps imposed on key expenditure areas will hopefully remain unchanged, Prime Minister Ryutaro Hashimoto said Friday.
JAPAN
Apr 10, 1998

Raid on leftist lair yields police radio recordings

Police confiscated several thousand recordings April 10, many including conversations between investigators, during a search of a hideout of the ultra-leftist Kakumaru-ha (Revolutionary Marxist Faction).
JAPAN
Apr 10, 1998

Fiscal austerity law put up for revision

The Conference on Fiscal Structural Reform accepted a request late April 10 by Prime Minister Ryutaro Hashimoto to revise the fiscal austerity law to include a flexibility clause, conference members said.
JAPAN
Apr 9, 1998

New tax cuts praised by business leaders

Business leaders welcomed Prime Minister Ryutaro Hashimoto's announcement to implement 2 trillion yen in additional tax cuts this year, but reiterated that the government should change the taxation system to implement the cuts permanently.
JAPAN
Apr 8, 1998

IMF official calls for big income tax cuts

Japan should map out an economic stimulus package that includes large-scale income tax cuts, a senior official of the International Monetary Fund said April 8 in Tokyo.
JAPAN
Apr 7, 1998

Greenhouse emission rights trade with Russia in works

Russia has notified Japan that it is willing to discuss Tokyo's proposal for joint implementation of energy-saving programs and trading of greenhouse gas "emission rights," which were provided for in the protocol adopted at a key global warming conference in Kyoto last December, government officials...
JAPAN
Apr 7, 1998

Big Business urges Tokyo to listen more closely to U.S.

The Japanese government may view U.S. proposals on reviving the Japanese economy as unwanted foreign pressure, but it should listen to such proposals this time, Japanese business leaders said April 7.
JAPAN
Apr 7, 1998

Matsunaga cautious on income tax cuts

Finance Minister Hikaru Matsunaga took a cautious stance April 7 toward the use of large-scale income tax cuts as an economic stimulus measure, noting that personal spending is falling even though disposable income is not declining.
JAPAN
Apr 3, 1998

New institute to focus on social values

About 40 business leaders, scholars, bureaucrats and leaders of nongovernmental organizations on Friday inaugurated an institute to enrich their understanding of contemporary issues and to find important values for the 21st century through discussions of great philosophical and classic literary works....
JAPAN
Mar 31, 1998

Highlights of deregulation package

The following are highlights of the new three-year deregulatory package unveiled March 31.
JAPAN
Mar 30, 1998

Lower House approves 7.86 trillion yen stopgap budget

The Diet gave the green light Monday evening to a 7.86 trillion yen stopgap budget for the first 18 days of fiscal 1998, which begins Wednesday.
JAPAN
Mar 27, 1998

Stopgap budget OK'd by Cabinet

With the Upper House still deliberating over the fiscal 1998 state budget, the Cabinet endorsed a stopgap budget March 27 with 7.86 trillion yen in outlays to cover the first 18 days of the new fiscal year, which begins Wednesday.
JAPAN
Mar 26, 1998

Gist of proposed stimulus measures

The following are the key points of the Liberal Democratic Party's stimulus plan:
JAPAN
Mar 24, 1998

Effects of tax cuts are overestimated, Yamasaki insists

and MARI KOSEKI
JAPAN
Mar 24, 1998

Kato urges revision of fiscal reform deadline

Koichi Kato, secretary general of the ruling Liberal Democratic Party, Tuesday said that the target year for fiscal reform can be moved back by two years from the original goal year -- a step that would provide flexibility in working out economic stimulus measures.
JAPAN
Mar 23, 1998

Palestinian educator takes cues from Japanese schools

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

Lower House approves 78 trillion yen budget

The 77.67 trillion yen fiscal 1998 state budget cleared the Lower House late March 20 and moved on to the Upper House with no amendments, allowing Prime Minister Ryutaro Hashimoto to clear a major political hurdle.
JAPAN
Mar 19, 1998

Deregulation steps to end power firms' monopoly

The government announced March 19 that it plans to end utilities' monopoly on electric power generation and lift a ban on cheaper air fares as part of its fiscal 1998-2000 deregulation program.
JAPAN
Mar 19, 1998

Permanent tax cuts urged by JCCI

The government should make permanent income and residential taxes cuts to shore up the nation's economy, the head of the Japan Chamber of Commerce and Industry said March 19.
JAPAN
Mar 16, 1998

Minyuren panel works to write up new DPJ's platform

The new Democratic Party of Japan will outline its ideals, policies and other key aspects by March 25, the Minyuren preparatory committee said March 16.
JAPAN
Mar 13, 1998

Economy shrinks 0.7% as recession approaches

Japan's economy shrank an annualized 0.7 percent in real terms for the October-December quarter, compared with July-September, bringing the growth rate for calendar 1997 to a scant 0.9 percent, the Economic Planning Agency said March 13.
JAPAN
Mar 9, 1998

BOJ exec entertained by top banks

Six to seven banks spent about 7 million yen entertaining an executive of the Bank of Japan over the past five years, according to sources at the banks.
JAPAN
Mar 9, 1998

10 trillion yen stimulus eyed

The ruling Liberal Democratic Party will call for an additional economic stimulus package of more than 10 trillion yen after the Diet approves the fiscal 1998 state budget in April, top officials of the LDP have indicated.
JAPAN
Mar 9, 1998

Bill to make wards municipalities

The Home Affairs Ministry plans to submit a set of bills to the Diet March 10 to revise laws to convert Tokyo's 23 wards into full-fledge municipalities in April 2000, ministry officials said March 9.

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji