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JAPAN
Apr 30, 1998

Nissan Diesel names new president

Nissan Diesel Motor Co. announced April 30 that President Masayuki Saito will step down and be replaced by Managing Director Hirofumi Nakazawa in late June.
JAPAN
Apr 27, 1998

Honda president to step down in June

After eight years at the helm of Honda Motor Co., President Nobuhiko Kawamoto on Monday announced he will step down in late June.
JAPAN
Apr 23, 1998

Honda's new multiwagon is based on 'small is smart'

Following the succession of automakers who have introduced compact wagons this year, Honda Motor Co. announced April 23 that it will sell the Capa, its new 1.5-liter engine multiwagon, from today.
JAPAN
Apr 17, 1998

Japanese insurers postpone decision on AIG's takeover plan

The Japanese life insurance industry has put off making a decision on whether to allow American International Group Inc. of the United States to begin studying a possible takeover of Aoba Life Insurance Co., the industry head said Friday.
JAPAN
Apr 16, 1998

Lawson raided in probe over rebate pressuring

The Fair Trade Commission raided Lawson Japan Co. and about 10 other related locations April 16 over allegations that the convenience store chain violated the Antimonopoly Law by demanding that suppliers deliver their products free of charge and seeking rebates for marketing their goods.
JAPAN
Apr 16, 1998

Public works spending must be cut: Keidanren

To gain the maximum benefits from the forthcoming economic stimulus package, the government must avoid spending lavishly on conventional public works projects, the Japan Federation of Economic Organizations (Keidanren) said April 16.
JAPAN
Apr 15, 1998

NEC eludes Cray with remote supercomputer service

NEC Corp., effectively driven out of the American supercomputer market, has launched a remote computing service using its SX-4 supercomputer for overseas and domestic users.
JAPAN
Apr 9, 1998

The Asahara Trial: Cultist says water sales mulled in Kobe quake

A senior Aum Shinrikyo figure told the Tokyo District Court on Thursday that soon after the Great Hanshin Earthquake of January 1995, he was ordered to make polyethylene terephthalate (PET) bottles for water to sell in Kobe.
JAPAN
Apr 9, 1998

Acquisitions process said key barrier to foreign investment

While there are effectively no legal barriers, difficulty in carrying out corporate acquisitions poses a major obstacle to boosting foreign investment in Japan, says James Abegglen, a leading expert on Japanese business affairs.
JAPAN
Apr 8, 1998

The Asahara Trial: Ishii details sexes' regard for guru

Hisako Ishii, formerly a close aid to Aum Shinrikyo founder Shoko Asahara, testified in court April 8 that there was a difference in the way male and female followers regarded Asahara.
JAPAN
Apr 8, 1998

Hilton execs looking to expand presence in Japan

Staff writer
JAPAN
Apr 8, 1998

Sales tax report angers ruling bloc

Executive members of the ruling alliance on April 8 grew angry over a newspaper report that said the U.S. is getting even more specific in its suggestions on how Japan should fix its ailing economy.
JAPAN
Mar 31, 1998

JAS expects 1.6 billion yen loss for 1997

Japan Air System Co. has revised downward its net profit forecast for fiscal 1997 from zero to a 1.6 billion yen loss on an unconsolidated basis, JAS President Hiromi Funabiki told a regular press conference March 31.
JAPAN
Mar 31, 1998

Highlights of deregulation package

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

Deregulation plan launched to activate economy

A three-year plan was launched March 31 that targets 15 industrial sectors for deregulation, including domestic airline operations, electric power retailing and digital broadcasting, government officials said.
JAPAN
Mar 30, 1998

Mercedes-Benz to start up free support services

To attract more Japanese customers, Mercedes-Benz Japan Co., a subsidiary of Daimler-Benz AG in Germany, will introduce a new after-sales service program in April, the company said Monday.
JAPAN
Mar 27, 1998

Displaced brokers embark on uncertain career paths

Early this month, a 55-year-old manager at the failed Yamaichi Securities Co. had a job interview with Merrill Lynch, a major U.S. brokerage that has launched a new campaign to penetrate the Japanese market.
JAPAN
Mar 27, 1998

MMC pushes back market-share target six years

KYOTO -- Mitsubishi Motors Corp. is set on obtaining a 15 percent share in the domestic market by 2006, not 2000 as originally targeted, MMC President Katsuhiko Kawasoe said March 27.
JAPAN
Mar 20, 1998

Upper House approves soccer lottery revisions

The Upper House, supported by members of the ruling Liberal Democratic Party and one of its allies, New Party Sakigake, approved a revised bill March 20 to start a soccer lottery system that would raise funds for the promotion of athletics.
JAPAN
Mar 19, 1998

GE Capital receives insurance license

The Finance Ministry on March 19 issued an operating license to GE Capital Edison Life Insurance Co., a new insurer to be set up jointly by Toho Mutual Life Insurance Co. and leading U.S. nonbank financial firm GE Capital Services Inc.
JAPAN
Mar 18, 1998

Corporate pace-setters trim spring pay raises

Reflecting the nation's continuing economic weakness, pace-setting major firms in the auto, electronics, shipbuilding and heavy machinery sectors on March 18 offered wage hikes smaller than those given last year to their labor unions.
JAPAN
Mar 18, 1998

Ex-gangster held for sale of stimulants

A former senior gang member has been arrested for allegedly selling about 50 kg of stimulant drugs with a street value of 1.5 billion yen to the head of an underworld group in Tokyo, police said March 18.
JAPAN
Mar 17, 1998

Ford Japan names Honda veteran new president

Ltd., a wholly owned subsidiary of Ford Motor Co., announced March 17 that Eiji Iwakuni, 55, will become the new president of Ford Japan, to replace Konen Suzuki, beginning April 1. "The company will introduce a series of strong new products next year," Suzuki said. "We concluded that new talent should...
JAPAN
Mar 17, 1998

Yamaichi execs enter pleas over 'sokaiya' payoffs

Two former employees of collapsed Yamaichi Securities Co., one a senior managing director, on March 17 admitted to charges of conspiring to make illegal payoffs, while another former senior managing director pleaded not guilty.
JAPAN
Mar 5, 1998

ANA changes profit forecast to loss

All Nippon Airways Co. announced Thursday that it is revising its forecast of a 2.3 billion yen net profit in its business report for the term that ends in March 1998 into a 3.2 billion yen net loss.
JAPAN
Mar 3, 1998

Sharp to introduce new model of Zaurus

Sharp Corp. will introduce new models of the Power Zaurus, a pocket-size mobile computer, on March 12, the company said Tuesday.
JAPAN
Feb 27, 1998

January industrial output up 2.9%

The nation's industrial output in January rose 2.9 percent from the previous month, marking the second consecutive monthly increase, the Ministry of International Trade and Industry said in a preliminary report released Friday.
JAPAN
Feb 18, 1998

Toho Life, GE Capital join forces in new insurance venture

Financially ailing Toho Mutual Life Insurance Co. and leading U.S. nonbank financial firm GE Capital Services Inc. formally announced Wednesday that they will set up a new life insurance company in Japan.
JAPAN
Feb 6, 1998

Fledgling Skymark seeks license for Tokyo-Fukuoka runs

Skymark Airlines Co., a new entry to the airline business, applied Friday to the Transport Ministry for a license to launch regular service between Tokyo and Fukuoka.
JAPAN
Feb 5, 1998

JTB discount plan may ignite fare war

Japan Travel Bureau, the country's leading travel agency, will start full-scale sales of discount overseas flight tickets beginning Feb. 16 to cope with the growing market for nonpackage-tour travelers, a spokesman for JTB said Thursday.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami