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JAPAN
Feb 5, 1998

WorldCom, BT move toward Japanese telecom licensing

Spurred by global deregulation, two foreign telecommunications giants applied Thursday for a license in Japan in a bid to become the country's first such foreign-owned firms.
JAPAN
Feb 5, 1998

Kagawa makes bid to lure more foreign tourists

KOTOHIRA, Kagawa Pref. -- In order to visit the 3,000-year-old Kompira Shrine, which still attracts millions of pilgrims and tourists here each year, a long, steep slope of 1,368 stone steps must first be conquered.
JAPAN
Feb 3, 1998

Mitsubishi Electric expects 33 billion yen net loss

Mitsubishi Electric Corp. said Tuesday that it may post a consolidated net loss of 33 billion yen for the 1997 business year, due mainly to declining profits in semiconductors and home appliances.
JAPAN
Jan 30, 1998

LDP's Arai admits profiting from hidden Nikko account

Shokei Arai, a Lower House member of the Liberal Democratic Party, admitted in the Diet on Friday that he made about 41 million yen through an account he asked Nikko Securities Co. to open in the name of one of his acquaintances.Arai insisted, however, that the trades were not illegal. Speaking as an...
JAPAN
Jan 21, 1998

Osaka projects in 668 billion yen of red ink

OSAKA -- One-quarter of Osaka's high-profile, third-sector projects are now 668 billion yen in the red, but city officials are still pumping money into them in the hopes they will eventually turn a profit.Third-sector projects, which are corporations jointly established by Osaka and private businesses,...
JAPAN
Jan 19, 1998

Hong Kong trade official seeks to allay avian flu fears

Asserting that the high-risk period for avian flu has passed, a Hong Kong trade official Monday sought to alleviate Japanese tourists' concerns about the disease that has killed six people so far in the former British colony."Hong Kong is a very safe place to visit. There is no need for restrictions...
JAPAN
Jan 12, 1998

Ex-Taiheiyo broker grilled over fund misuse

OSAKA -- Police are questioning a former Taiheiyo Securities Co. employee on suspicion of misusing more than 300 million yen in his client's fund, informed sources said Monday.They said the former acting sales chief at the Umeda branch here received more than 300 million yen from a client between March...
JAPAN
Dec 30, 1997

Automobile groups to begin CFC recovery, disposal

The Japan Automobile Manufacturers Association and six other auto industry groups will in January begin recovering and disposing of chlorofluorocarbons used in auto air conditioners in Tokyo, Saitama, Chiba and Kanagawa prefectures.
JAPAN
Dec 19, 1997

Entrepreneur says a business can be ecological, profitable

Staff writer
JAPAN
Dec 19, 1997

Insurance exec says solvency margins must be disclosed

Life insurance firms will have to disclose their solvency margins under a new policyholders' protection system being formed by the Finance Ministry, the chairman of the Life Insurance Association of Japan said Friday.
JAPAN
Dec 12, 1997

Prius environmental car chalks up 2,000 orders in one day

Toyota Motor Corp. has received as of Wednesday about 2,000 orders for its newly developed Prius, the world's first mass produced hybrid car, the company announced Friday.
JAPAN
Dec 12, 1997

Diet lists some of Yamaichi's 'tobashi' clients

The Diet on Friday named seven corporate customers of Yamaichi Securities Co. that were involved in dubious "tobashi" dealings that led to the 100-year-old brokerage's failure last month.
JAPAN
Nov 25, 1997

Shock over Yamaichi closure sends stocks, yen reeling

Tokyo share prices fell broadly Tuesday as investors reacted with shock and concern to Yamaichi Securities Co.'s decision to shut down.
JAPAN
Nov 21, 1997

Simul International folds

Simul International Inc., a major simultaneous service firm, effectively went bust Friday as it filed for "wagi" composition procedures with creditors, according to private credit research agency Teikoku Data Bank.
JAPAN
Nov 10, 1997

Asian economic jitters fuel TSE selling spree

Pessimism reigned Monday over prospects for the Tokyo stock market and the yen's value against the dollar.
JAPAN
Nov 6, 1997

Invesco's debut with LTCB to publicize investment trusts

Staff writer
JAPAN
Oct 27, 1997

JR's first motorwoman at freight train controls

JR's first motorwoman at freight train controls> The Japan Railway group's first female locomotive engineer, Maki Ishimura, 23, climbed into the driver's seat early Oct. 27 aboard a train at Tokyo's Shinagawa Freight Terminal and prepared to depart for the Kawasaki Freight Station in Kanagawa Prefecture....
JAPAN
Oct 23, 1997

Large chain stores seek tax relief

Large retailers urged the government Oct. 23 to stimulate private consumption by reducing income taxes and allowing greater income tax breaks for part-time workers.The Japan Chain Stores Association made the request during a meeting with trade chief Mitsuo Horiuchi, according to a Ministry of International...
JAPAN
Oct 21, 1997

GM execs call for balance, brawnier yen

Top executives of General Motors Corp. voiced support Oct. 21 for a stronger yen, continued investment in Southeast Asia and a "global solution" to greenhouse warming.John Smith, GM's chairman, president and CEO; Richard Wagoner, president of GM's North American Operations; and other executives were...
JAPAN
Oct 14, 1997

Toyota touts Prius hybrid car

Toyota Motor Corp. will become the world's first automaker to mass-produce and market a hybrid passenger car when it debuts the Prius in Japan later this year.The car, which combines a gasoline engine with an electric motor, will go on sale domestically Dec. 10 and retail for 2.15 million yen, the company...
JAPAN
Oct 13, 1997

Automakers unveil newest models ahead of show

Hoping to stimulate Japan's auto market prior to the Tokyo Motor Show slated for next week, Mitsubishi Motors Corp., Nissan Motor Co. and Saab Japan announced their new models Oct. 13.Mitsubishi has announced that its new Chariot model, fully redesigned for the first time in about 6 1/2 years, will...
JAPAN
Oct 13, 1997

Small companies less confident, credit banks say

Confidence among small firms worsened in the July-September quarter, and they expect the dismal situation to continue through the next three months, according to results from a survey released Oct. 13 by the National Association of Shinkin (credit association) Banks. The results reaffirmed the gloomy...
JAPAN
Oct 3, 1997

Think tanks project growth of less than 1%

Six private think tanks and one bank have lowered their projections of real economic growth for the current fiscal year, most of them to less than 1 percent.Forecasts by the institutions range from 1.1 percent to minus 0.5 percent growth in fiscal 1997, which ends in March. The pessimism reflects prolonged...
JAPAN
Oct 1, 1997

Business confidence gloomier than expected

The Bank of Japan's quarterly survey of business sentiment indicates confidence in the economy is weaker than expected and hints conditions may get worse.The "tankan," released Oct. 1, says that confidence since the previous survey in June is lower even among major manufacturers, who have led the economy...
JAPAN
Sep 30, 1997

Sake association plans to promote taste of Japan overseas

Sake sales have been falling in recent years in the domestic market, and the Japanese industry is now hoping to make a breakthrough overseas, Haruo Matsuzaki, chairman of the new Sake Export Association, said Sept. 30.
JAPAN
Sep 30, 1997

ITJ-Japan Telecom tieup faces stiff competition

On the eve of their merger, the heads of Japan Telecom Co. and International Telecom Japan Inc. said Sept. 30 the new firm aims at becoming a leading company in the industry by offering seamless services from domestic to international services at lower prices than competitors.
JAPAN
Sep 26, 1997

U.S. pledges pressure if recession returns

Washington will step up pressure on Tokyo to alter its austere fiscal policy to stimulate domestic demand if the economy here proves to have fallen into recession next month, a policy adviser to the Democratic Party said Sept. 26.
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 11, 1997

MMC affiliate in Taiwan unveils sport-utility wagon

Staff writer
JAPAN
Sep 8, 1997

Nissan Mutual customers vent anger

Individual customers of the failed Nissan Mutual Life Insurance Co. on Sept. 7 urged the Finance Ministry and commercial banks to take responsibility for helping to create a situation that will lead to reduced policy payouts.

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