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JAPAN
Feb 2, 1998

Arai defies LDP calls to quit party

Liberal Democratic Party lawmaker Shokei Arai, who allegedly made huge profits through questionable stock transactions, on Monday defied a party leader's demand that he leave the LDP.
JAPAN
Jan 30, 1998

LDP offers simple solution to finance scandals

Finance Ministry inspections of financial institutions should be revised through such means as offering prior notification of when they will take place, a panel of the ruling Liberal Democratic Party said Friday.The party's Finance Division and the Investigation Commission for the Finance and Banking...
JAPAN
Jan 30, 1998

Matsunaga appointed as new finance minister

Prime Minister Ryutaro Hashimoto named Lower House Budget Committee chairman Hikaru Matsunaga as the new finance minister Friday, entrusting him with the task of cleaning up the ministry's image in the wake of a bribery scandal.The scandal, in which two ministry inspectors were arrested earlier in the...
JAPAN
Jan 30, 1998

Vice Minister Tanami wants trust in Finance restored

Newly appointed Vice Finance Minister Koji Tanami vowed Friday to put priority on regaining the public's trust in the powerful, scandal-tainted ministry.Tanami, 58, was serving as the head of the Cabinet Councilors' Office on Internal Affairs but was recalled after his predecessor, Takeshi Komura, resigned...
JAPAN
Jan 29, 1998

Taipei wants China talks held on own terms

Taipei wants to start with business-level talks with Beijing on a variety of practical, serious issues to improve the two nations' strained relations, rather than political dialogue, as China again proposed earlier this week, a Taiwan spokesman said Thursday in Tokyo.Visiting The Japan Times head office,...
JAPAN
Jan 29, 1998

Bill drafted to demand discipline from bureaucrats

Parties in the ruling alliance launched efforts Thursday to draft a bill mandating bureaucratic discipline amid the bribery scandal rocking the Finance Ministry.The ruling Liberal Democratic Party set up an internal panel, while the Social Democratic Party, one of the LDP's two non-Cabinet allies, announced...
JAPAN
Jan 26, 1998

Kajiyama denies ambition to be next prime minister

Former Chief Cabinet Secretary Seiroku Kajiyama on Monday denied that he will be tapped to replace Prime Minister Ryutaro, who, according to rumors, may be forced to step down in a few months due to his economic policy failures."Some people say that I still have ambition (to become prime minister),...
JAPAN
Jan 22, 1998

Trade surplus topped 10 trillion yen in '97

The nation's customs-cleared trade surplus for calendar 1997 grew for the first time in five years, increasing 48.5 percent from the year before to 10.01 trillion yen, the Finance Ministry said Thursday.The rise means the surplus has returned to the levels of the early 1990s, when trade friction with...
JAPAN
Jan 20, 1998

SDP gives up drive to accelerate ban on political donations

After several months of discussions, the Social Democratic Party on Tuesday gave up efforts to persuade the ruling Liberal Democratic Party to implement ahead of schedule a ban on corporate and group donations to individual politicians.The proposed ban is to take effect in 2000 under the political funds...
JAPAN
Jan 16, 1998

Hashimoto restates dedication to stability, tax cuts

Prime Minister Ryutaro Hashimoto on Friday stressed the need to deliver on government pledges to implement a 2 trillion yen pump-priming tax cut and to pass financial stabilization measures.Speaking before the House of Representatives Budget Committee, Hashimoto noted that markets have already responded...
JAPAN
Jan 16, 1998

A dozen wives from North Korea ready to visit

The government announced on Friday that 12 Japanese women have been chosen for the second homecoming trip of women who emigrated to North Korea some 40 years ago. Their visit will begin Jan. 27.The women, who live in North Korea with their Korean spouses, will depart Pyongyang and arrive in Tokyo Jan....
JAPAN
Jan 14, 1998

Rengo requests 4 trillion yen tax cut

The Japanese Trade Union Confederation (Rengo) on Wednesday requested 4 trillion yen in income and residential tax cuts from the ruling Liberal Democratic Party and its two small non-Cabinet allies.Rengo also called for measures to fight unemployment and for labor laws to be revised to help stabilize...
JAPAN
Jan 13, 1998

Disputed islands block way to Japan-South Korea fishing pact

Chief Cabinet Secretary Kanezo Muraoka said Tuesday that the government remains unable to find a solution to a dispute with South Korea over rights to islands in the Sea of Japan and a new fisheries pact.Earlier in the day, Muraoka met with Foreign Minister Keizo Obuchi and Yoshinobu Shimamura, head...
JAPAN
Dec 31, 1997

Keep reform momentum going, Toyoda urges

BY SAYURI DAIMON
JAPAN
Dec 29, 1997

Five parties emerging from Shinshinto's ashes

The free-for-all following the breakup of Shinshinto appeared to be giving way Monday to five new parties.
JAPAN
Dec 25, 1997

77.67 trillion yen budget approved for fiscal '98

The Cabinet on Thursday approved the final version of an austere 77.67 trillion yen general account budget for fiscal 1998, up only 0.4 percent from the initial budget for the current fiscal year.
JAPAN
Dec 25, 1997

Slim second budget approved for '98

The Cabinet on Thursday approved the final version of the government's general investment and loan program for fiscal 1998, which accounts for a total 36.66 trillion yen, down 6.8 percent from the current year.
JAPAN
Dec 24, 1997

Another public funds scheme hatched

Mitsuo Horiuchi, minister for international trade and industry, on Wednesday urged financial authorities to consider using public funds for an investment cooperative that would purchase corporate shares held by banks.
JAPAN
Dec 22, 1997

Economic worries send TSE below 15,000 level

The Tokyo stock market ended sharply lower Monday, with the downtrend in share prices continuing unabated amid growing worries about the ailing economy.
JAPAN
Dec 19, 1997

92 billion yen lopped off defense program

The government said Friday it will cut spending for its five-year defense program by 92 billion yen to conform to its ongoing financial structural reform, the Defense Agency said.
JAPAN
Dec 19, 1997

Shares and yen tumble as credit crunch worsens

Share prices and the yen came under severe selling pressure Friday in Tokyo amid reports that a credit crunch has forced a major food trader out of business.
JAPAN
Dec 18, 1997

Cut in spending puts defense budget on downtrend

Defense spending in fiscal 1998 will be reduced by 0.3 percent, or roughly 12.4 billion yen, from the 4.9 trillion yen allocated in this fiscal year's initial budget, the Finance Ministry and Defense Agency agreed Thursday.
JAPAN
Dec 17, 1997

Opposition parties unmoved by tax reductions

Shinshinto said Wednesday that Prime Minister Ryutaro Hashimoto's sudden announcement of a 2 trillion yen tax cut demonstrates the failures of his administration's economic policies.
JAPAN
Dec 17, 1997

Hashimoto unveils surprise two trillion yen tax cut

A special 2 trillion yen tax cut will be included in this fiscal year's supplementary budget, Prime Minister Ryutaro Hashimoto announced Wednesday, signaling an abrupt about-face in his fiscal restructuring efforts.
JAPAN
Dec 16, 1997

LDP requests earlier date for next Diet session

The Liberal Democratic Party on Tuesday asked the government to convene the next regular Diet session earlier than scheduled so that deliberations on newly planned legislation aimed at stabilizing the nation's financial system can begin as soon as possible.
JAPAN
Dec 16, 1997

Election for SDP helm still void of candidates

The Social Democratic Party, one of the ruling Liberal Democratic Party's two smaller non-Cabinet allies, decided Tuesday to postpone its Dec. 27 party leadership election because nobody stepped forward to toss a hat in the ring.
JAPAN
Dec 11, 1997

Plan for new government bond issue wins tentative approval

A Liberal Democratic Party task force expressed its support Thursday for the principles of a plan to set up a 10 trillion yen fund through bond issues to help protect depositors.
JAPAN
Dec 10, 1997

Outline of financial stability plan addresses DIC, liquidity

A Liberal Democratic Party subcommittee debating steps to stabilize the financial system basically agreed Wednesday on a broad outline that includes galvanizing Deposit Insurance Corp. and increasing the liquidity of financial institutions.
JAPAN
Dec 9, 1997

Bill to revise Deposit Insurance law passes Lower House

After half a day of confusion, a bill to broaden the circumstances under which funds from the Deposit Insurance Corp. can aid financially troubled institutions was approved Tuesday evening by the full Lower House.
JAPAN
Dec 5, 1997

Education white paper calls for creative R&D

The level of Japan's science and technology research has steadily improved in recent years to equal that of Western industrialized nations, and now creative research and development must be promoted to keep up the progress, the Education Ministry said Friday in its 1997 white paper on education.
Naked man’s rampage in Saitama linked to one fatality and 10 injured
Police believe Daisuke Nishimura may have been involved in roughly 20 incidents in the 90 minutes leading up to his arrest, including a fatal hit-and-run and multiple assaults.
Japan set to fine cyclists on the spot for rule violations from 2026
Under new rules, those who use smartphones while riding a bicycle would be subject to the maximum fine of ¥12,000.
Japan brings forward deadline for electronic travel authorization system
Japan is planning to implement by March 2029 a new online screening system in which foreign visitors who don’t need a visa apply for a certification before entering the country.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Amid uncertain tariffs, is now the time to buy a new iPhone?
An Apple store in Tokyo's Shibuya Ward in September. Prices for the newest iPhone models start at around ¥100,000 ($700) in Japan.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Japan weighs using U.S. rice imports as tariff negotiation tool with Trump
A restaurant owner pours California-grown Calrose rice into a rice cooker at his restaurant in Tokyo
Is Japan’s parliament ready to welcome more youth to its ranks?
Lower House lawmaker Kai Odake in his Tokyo office on Wednesday
Crow meat, goat tartare: Mauvaise Herbe raises its game
Crow meat, shaped into a ball and attached to a foot of the bird, is one of the peculiar offerings of game at Mauvaise Herbe.

Podcast

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

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.
By Tomoko Otake

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