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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.
JAPAN
Dec 5, 1997

Hashimoto plan backs review of public works projects

Prime Minister Ryutaro Hashimoto introduced plans Friday for a new system of review for public works projects designed to reduce government spending and suspend or terminate projects that no longer meet public needs, government officials said.
JAPAN
Dec 5, 1997

Defense Agency seeks more worthy English title

Even though the Defense Agency failed to win ministerial status under Prime Minister Ryutaro Hashimoto's new administrative reform plan, agency chief Fumio Kyuma says his agency at least deserves a more worthy English title to allow him to save face when meeting foreign counterparts.
JAPAN
Dec 3, 1997

JR firms refuse to shoulder larger part of debts

The presidents of seven Japan Railway group companies turned down a Transport Ministry request Tuesday to bear a larger share of the pension costs for former Japanese National Railways employees.
JAPAN
Nov 25, 1997

Muraoka defends Finance over broker's collapse

Chief Cabinet Secretary Kanezo Muraoka defended the Finance Ministry on Tuesday over the collapse of Yamaichi Securities Co., saying it would have been impossible for ministry officials to discover the brokerage had been conducting irregular, off-the-book trading.
JAPAN
Nov 20, 1997

Use of public funds considered for clearing up loan mess

Prime Minister Ryutaro Hashimoto instructed the Liberal Democratic Party on Thursday to consider using public funds to clear up the nation's bad loan mess, a proposal welcomed by a rally on the Tokyo Stock Exchange.
JAPAN
Nov 17, 1997

Think tank backs Okinawa 2005 free trade zone plan

The government should accept a proposal made earlier this month by the Okinawa Prefectural Government to turn the prefecture into a free trade zone by around 2005, a public think tank recommended Monday.
JAPAN
Nov 6, 1997

Business execs urged to cut links to 'sokaiya'

Chief Cabinet Secretary Kanezo Muraoka called on representatives of business organizations Thursday to make firm resolutions to cut all ties with "sokaiya" corporate extortionists.
JAPAN
Nov 6, 1997

Bill to reduce the deficit clears the Lower House

A plenary session of the Lower House passed a government-proposed fiscal reform bill Thursday that will use wide-ranging measures to set reduction targets for key budget areas to slash the deficit.
JAPAN
Nov 4, 1997

Big Four to contribute 20 billion yen to Sanyo safety fund

The nation's four largest brokerage houses are expected to contribute 20 billion yen to a securities safety fund so clients of bankrupt Sanyo Securities Co. can withdraw assets from the failed firm, sources said Tuesday.
JAPAN
Nov 4, 1997

Rengo requests 2 trillion yen tax cut

The Japanese Trade Union Confederation (Rengo) submitted a request Tuesday for a 2 trillion yen income tax reduction and other measures to three opposition parties and two small non-Cabinet allies of the ruling Liberal Democratic Party.
JAPAN
Oct 31, 1997

Tokyo pressuring states before COP3

Japan will take every diplomatic opportunity to narrow differences over greenhouse gas emissions targets to ensure the upcoming COP3 international global warming conference in Kyoto does not fail, Chief Cabinet Secretary Kanezo Muraoka said Friday.
JAPAN
Oct 30, 1997

Muraoka shoves ministries toward deregulation

Chief Cabinet Secretary Kanezo Muraoka pressed 12 ministries Thursday to work harder to swiftly compile deregulatory measures to boost the economy.
JAPAN
Oct 30, 1997

Names released of wives visiting from North Korea

The government on Thursday released the names of 15 Japanese women living in North Korea who next month will be allowed to visit their homeland for the first time in roughly four decades.
JAPAN
Oct 29, 1997

Tokyo plans emissions meeting to scrabble up support ahead of Kyoto

Tokyo plans emissions meeting to scrabble up support ahead of Kyoto>The government is planning to hold a two-day international meeting beginning Nov. 8 in Tokyo as part of efforts to form an international consensus on a reduction target for greenhouse gas emissions, Chief Cabinet Secretary Kanezo Muraoka...
JAPAN
Oct 24, 1997

Lawmakers seek meeting with Kim Jong Il

Representatives from the ruling Liberal Democratic Party and its two non-Cabinet allies expressed their wish Oct. 24 to meet with Kim Jong Il, general secretary of North Korea's ruling Korean Workers' Party, when their delegation visits Pyongyang in mid-November.Hiromu Nonaka, acting secretary general...
JAPAN
Oct 23, 1997

Japan disappointed with U.S. emissions plan

Prime Minister Ryutaro Hashimoto indicated Oct. 23 that the U.S. proposal for cuts in greenhouse gas emissions is too lenient.Environment Agency chief Hiroshi Oki, who is scheduled to chair the Kyoto global-warming conference in December, said it would be difficult to build an international consensus...
JAPAN
Oct 22, 1997

DPJ leader wants SDP, Sakigake to join in electoral push

Naoto Kan, leader of the Democratic Party of Japan, on Oct. 22 called on the two non-Cabinet allies of the ruling Liberal Democratic Party to break ranks and join an opposition electoral plan.Kan said he will consider cooperating with the two parties in the House of Councilors election next summer,...
JAPAN
Oct 21, 1997

Hashimoto pledges to sign international ban on land mines

Prime Minister Ryutaro Hashimoto pledged Oct. 21 to sign in December an international treaty banning antipersonnel land mines, pushing the government to form a consensus behind him.Hashimoto outlined his position in a meeting with Foreign Minister Keizo Obuchi, Defense Agency chief Fumio Kyuma and Chief...
JAPAN
Oct 21, 1997

Pump-priming package leaves analysts disappointed

The package of pump-priming measures decided Oct. 21 by the ruling Liberal Democratic Party does not seem capable of giving the sluggish economy a quick jolt because it lacks sufficient stimulus targeting personal consumption.Disappointment over the measures forced the benchmark Nikkei average of the...
JAPAN
Oct 20, 1997

North Korea leaders woo ruling alliance

The Liberal Democratic Party and its two smaller non-Cabinet allies received an invitation Oct. 20 from North Korea's ruling party and are expected to send a delegation to North Korea in the near future.Officials of the General Association of Korean Residents in Japan handed the letter of invitation...
JAPAN
Oct 17, 1997

Ministers set to cooperate at COP3 in Kyoto

Four ministers involved in the upcoming international conference on global warming agreed Oct. 17 that they will cooperate closely with each other to make the meeting successful.Chief Cabinet Secretary Kanezo Muraoka said that he and the heads of the Environment Agency and foreign and trade ministries...

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?