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JAPAN
Jan 29, 1998

Banks to be picked for 'jusen' lawsuits Sunday

The first group of banks the Housing Loan Administration Corp. may sue over the "jusen" mortgage-lending debacle will be decided upon Sunday, corporation President Kohei Nakabo said Thursday.The corporation's legal counsel feels that several banks are responsible for the expansion of problem loans at...
JAPAN
Jan 28, 1998

Mitsuzuka resigns over finance bribery scandal

Finance Minister Hiroshi Mitsuzuka tendered his resignation Wednesday to Prime Minister Ryutaro Hashimoto to take the blame for a scandal in which two ministry bank inspectors were arrested for bribery.In accepting Mitsuzuka's resignation, Hashimoto will also hold the post of finance minister until...
JAPAN
Jan 27, 1998

Banker wants 'MOF-tan' abolished

Banks should consider abolishing positions specifically created to maintain close contact with Finance Ministry officials, the head of the banking industry federation said Tuesday.Naotaka Saeki, president of Sanwa Bank and chairman of the Federation of Bankers Associations of Japan, put forward the...
JAPAN
Jan 26, 1998

SUPER BOWL XXXII: Fourth time's the charm for Elway

Staff writerSAN DIEGO -- The number four turned out to be a lucky charm for John Elway, who guided the Denver Broncos to their first ever Super Bowl victory Sunday.In his fourth appearance in the NFL championship game, the 15-year veteran quarterback out of Stanford finally grabbed the big one. "I can't...
JAPAN
Jan 13, 1998

Banker apologizes for wining and dining

The leader of the nation's banking industry apologized Tuesday for the excessive wining and dining of Finance Ministry officials carried out in the past by some bankers."We needed such bankers, but we regret there was some excessive entertaining," Naotaka Saeki, chairman of the Federation of Bankers...
JAPAN
Jan 7, 1998

Man arrested over Osaka murder

OSAKA -- The partial remains of a female Osaka restaurant owner missing since late December were unearthed Wednesday and the man who led police to the site has been arrested in connection with her slaying, police said.Osaka Prefectural Police arrested Yoshio Ishida, 51, of Osaka's Minato Ward, on suspicion...
JAPAN
Dec 26, 1997

Tokyo avoids disclosure of wining and dining expenses

The Tokyo District Court rejected on Friday a lawsuit seeking to force Gov. Yukio Aoshima and other Tokyo municipal officials to make public all documents on entertainment expenses.
JAPAN
Dec 26, 1997

Another 'tobashi' brokerage found during probe

The result of a Finance Ministry probe released Friday showed that another securities firm has been involved in "tobashi" transactions.
JAPAN
Dec 23, 1997

'Pocket Monsters' show on hold as investigation continues

TV Tokyo has announced it will suspend broadcasts of the popular "Pocket Monsters" cartoon series pending an investigation into last week's outbreak of convulsions and fainting that afflicted about 700 viewers.
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 17, 1997

'Pocket Monsters' shocks TV viewers into convulsions

At least 651 young people in 30 prefectures were taken to hospitals with convulsions and other maladies Tuesday evening after watching the popular TV cartoon "Pocket Monsters," based on the best-selling Nintendo Game Boy software of the same name, the Fire Defense Agency Agency of the Home Affairs Ministry...
JAPAN
Dec 12, 1997

Ozawa fails to bring Komei membership into Shinshinto fold

Shinshinto President Ichiro Ozawa finally abandoned efforts Friday to persuade Komei leader Tomio Fujii to drop the party's plan to field its own proportional representation candidates in next summer's Upper House election.
JAPAN
Dec 1, 1997

Hashimoto vows to use public funds to protect deposits

Prime Minister Ryutaro Hashimoto officially expressed for the first time Monday his intention to use public money to stabilize the nation's financial system in the wake of a series of financial institution failures.
JAPAN
Nov 12, 1997

Leading ICBL figure to give lecture on land mines

In the runup to next month's signing of a treaty to ban antipersonnel land mines, Sophia University, the Japan Campaign to Ban Landmines and the Jesuit Social Center will organize a lecture by a leading figure in the International Campaign to Ban Landmines tomorrow at Sophia University's No. 10 Auditorium....
JAPAN
Nov 4, 1997

Russia seen on verge of joining APEC

Staff writer
JAPAN
Oct 31, 1997

Public corporations fail to declare 16 billion yen

The National Tax Administration Agency said Friday that 926 public-interest corporations, including those running private schools and temples, failed to declare 16.443 billion in corporate income for the July 1996 to June 1997 period.
JAPAN
Oct 29, 1997

Daiwa Securities execs implicate boss

Daiwa Securities execs implicate boss>The four Daiwa Securities Co. executives arrested Tuesday for giving illicit financial favors to a "sokaiya" corporate extortionist have told police the brokerage's vice president gave them the go-ahead to do so, sources said Wednesday.
JAPAN
Oct 20, 1997

Shippers set condition for paying U.S. fines

Japanese shipping companies told a U.S. government agency that they would consider paying fines accrued during September if the agency entirely removes port sanctions it imposed Sept. 14, industry sources said Oct. 20.The fines were due Oct. 15, but the shipping companies refused to pay, sparking the...
JAPAN
Oct 20, 1997

Hashimoto hints at ditching reform proposals

Prime Minister Ryutaro Hashimoto indicated Oct. 20 that to accommodate demands from the Liberal Democratic Party, he may sacrifice some of the streamlining proposals suggested in an interim report drafted last month by a blue-ribbon government panel, which he heads.During the first meeting of a House...
JAPAN
Oct 17, 1997

Officer sentenced to three years for drug frameup

A former Tokyo police officer was sentenced Oct. 17 to three years in prison for trying to frame two innocent men on drug charges in April in conspiracy with two colleagues, who earlier received suspended terms.Nobuji Kawaguchi, 40, listened calmly as presiding Judge Toshiyuki Kosaka described his crime...
JAPAN
Oct 3, 1997

SDP doubts worth of postal reform proposal

The Social Democratic Party, one of two non-Cabinet allies of the ruling Liberal Democratic Party, questioned on Oct. 3 the wisdom of a government panel's proposal to break up the Posts and Telecommunications Ministry.During an Upper House plenary session debate, SDP policy chief Kazuo Oikawa said in...
JAPAN
Oct 2, 1997

U.S. gets thumbs up for Super 301 ruling

Osamu Watanabe, vice minister for international trade and industry, on Oct. 2 applauded Washington's decision not to list Japan's auto market on a Super 301 retaliatory watch list."I regard the decision as the natural conclusion and I appreciate the U.S. government's just judgment," Watanabe told a...
JAPAN
Oct 2, 1997

LDP slams postal privatization plan

The ruling Liberal Democratic Party announced its opposition Oct. 2 to a proposal by a government advisory panel to privatize two of the three postal services currently provided by the Posts and Telecommunications Ministry.During Diet debate, Kenji Manabe, policy chief of the LDP's House of Councilors...
JAPAN
Sep 29, 1997

Corporate tax cut tied to size of income base

Any reduction in the corporate income tax should be considered only within the scope of revenue that can be gained by expanding the taxable income base for companies, a top Finance Ministry official indicated Sept. 29.
JAPAN
Sep 25, 1997

Izui summons urged for session

The Diet affairs chairmen of three opposition parties agreed Sept. 25 to raise political ethics issues in an extraordinary Diet session to start Sept. 29, including the subject of the alleged offerings of money by oil wholesaler Junnichi Izui to Liberal Democratic Party politicians.
JAPAN
Sep 18, 1997

Opposition parties seek Sato no-confidence vote

Three opposition parties agreed Sept. 18 to introduce a no-confidence resolution in the Diet against convicted bribe-taker Koko Sato, the chief of the Management and Coordination Agency.
JAPAN
Sep 16, 1997

MITI chief vows to tackle 'global megacompetition'

Mitsuo Horiuchi, the newly appointed minister of international trade and industry, is determined to push through "drastic policies" to accelerate deregulation and create a level playing field for Japanese companies competing in this era of "global megacompetition."
JAPAN
Sep 12, 1997

Mitsuzuka firm on budget austerity measures

Suggestions by some U.S. officials that Japan should slacken the pace at which it implements budget austerity are understandable but go against the nation's interests, Finance Minister Hiroshi Mitsuzuka said.
JAPAN
Sep 11, 1997

Osaka likely to let toxic waste stay at Universal Studios site

OSAKA -- To ensure that the construction of Universal Studios Japan begins in 1998 as scheduled, Osaka city is likely to allow the nearly 700,000 tons of industrial waste to remain buried on the site.
JAPAN
Sep 2, 1997

Trade chief appeals for corporate tax cuts

Amid rising concerns over the nation's economic prospects, trade chief Shinji Sato renewed calls Sept. 2 for a significant reduction in corporate taxes to stir up business sentiment and ensure domestic demand-led growth.

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