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JAPAN
Dec 2, 1998

Nara sites added to World Heritage List

Staff writer
JAPAN
Nov 27, 1998

Bill on Constitution review headed for Diet

A nonpartisan group of lawmakers agreed Friday to submit a bill during the current special Diet session proposing the creation of standing committees in both chambers of the Diet to consider revising the Constitution.
JAPAN
Nov 23, 1998

Mita Industrial chief to be served bribery warrant

OSAKA -- The former president of failed photocopier maker Mita Industrial Co. will soon be served an arrest warrant on suspicion of bribing a certified public accountant and asking him to look over the firm's suspected falsification of accounts, investigative sources said Monday.
JAPAN
Nov 20, 1998

Reasonably priced homes move in on capital

A reasonably priced 100 sq. meter home is now within closer proximity to the capital, according to a metropolitan government white paper on housing released Friday.
JAPAN
Nov 20, 1998

Mitsui O.S.K., Navix Line announce maritime megamerger

Mitsui O.S.K. Lines Ltd. and Navix Line, Ltd., the country's second- and fourth-largest maritime transport companies, will merge as of April 1, becoming one of the biggest maritime carriers in the world, top executives of the two companies announced on Friday.
JAPAN
Nov 19, 1998

Pakistan denies arms cooperation allegation

Pakistani Foreign Minister Sartaj Aziz flatly denied on Thursday an allegation that Pakistan developed its nuclear and missile technologies in cooperation with North Korea and China.
JAPAN
Nov 17, 1998

Coupons for foreign residents considered

The government is studying whether to distribute merchandise coupons to foreigners living in Japan with permanent residency, Chief Cabinet Secretary Hiromu Nonaka said Tuesday.
JAPAN
Nov 16, 1998

Economists want specifics of package

Staff writer
JAPAN
Nov 16, 1998

Gist of stimulus

The following are key points of the government's stimulus plan:
JAPAN
Nov 13, 1998

Korean groups brand coupon scheme discriminatory

A government plan to distribute merchandise coupons on a limited basis may discriminate against foreigners living in Japan, a group of Korean activist organizations said Friday.
JAPAN
Nov 9, 1998

Breakthrough unlikely at Obuchi-Yeltsin summit

Staff writer
JAPAN
Nov 9, 1998

BT slates start of corporate telecom services

BT Communications Services Inc., an affiliate of British Telecommunications PLC, will launch new international services for corporate users beginning in February, officials of the BT group announced on Monday.
JAPAN
Nov 4, 1998

International groups to hold joint job forum in Tokyo

Fifteen international organizations such as the World Bank, the United Nations High Commissioner for Refugees and the World Trade Organization will hold a special forum in Tokyo on Nov. 10 to inform job-seekers of recruitment opportunities.
JAPAN
Nov 1, 1998

LDP, New Komeito strike deal on coupons

The ruling Liberal Democratic Party and New Komeito reached a final agreement Tuesday to distribute on a limited basis merchandise coupons worth about 700 billion yen.
JAPAN
Nov 1, 1998

Obuchi at odds with Keidanren over APEC stance

Prime Minister Keizo Obuchi instructed his Cabinet members Tuesday to maintain Japan's opposition to early market-opening of forestry and fishery products during upcoming meetings of the Asia-Pacific Economic Cooperation forum in Malaysia.
JAPAN
Nov 1, 1998

Annual Kyoto Prizes awarded

KYOTO -- A Swiss scientist, a Japanese mathematician, and an American artist were awarded the 1998 Kyoto Prizes Tuesday at a special ceremony in Kyoto.
JAPAN
Oct 23, 1998

Government nationalizes Long-Term Credit Bank of Japan

The government placed the troubled Long-Term Credit Bank of Japan under state control Friday after the bank reported it may have to suspend repayments of deposits and other obligations.A report released by the Financial Supervisory Agency on the same day said the LTCB is insolvent, with liabilities...
JAPAN
Oct 22, 1998

NTT to pay 5,000 yen share bonus; DoCoMo debuts

Nippon Telegraph and Telephone Corp. will offer a special dividend of 5,000 yen per share next year in addition to a regular dividend of 2,500 yen after profits made from releasing a part of its shares of NTT Mobile Communications Network Inc., the carrier announced Thursday.NTT had held 95 percent...
JAPAN
Oct 19, 1998

Sickly students schooled in food, exercise in Izu

ITO, Shizuoka Pref. -- On a recent sunny Sunday morning, loud cheers filled a school playground, encouraging elementary students as they ran toward the finish line of a 1-km race."I made it!" a 10-year-old boy cried just after crossing the line. "My shoes almost came off when I was running, but I finished!"...
JAPAN
Oct 19, 1998

Small firms get tips on coping with credit crunch

Managers from about 250 small and medium-size companies based in Tokyo gathered Monday for advice on coping with the worsening credit crunch.The Tokyo Chamber of Commerce hosted the seminar as many smaller firms are finding it difficult to obtain loans from Japanese financial institutions. Participants...
JAPAN
Oct 14, 1998

DPJ's Ikeda calls new bill 'opaque,' counterproductive

Staff writer The banking sector crisis will continue because of the "opaque" bank recapitalization bill, Motohisa Ikeda, a key member of the Democratic Party of Japan, said Wednesday. The bill, expected to be enacted Friday, will not enable accurate assessment of bank assets, sufficient injection of...
JAPAN
Oct 14, 1998

Push banks to accept public funds, council urges

The government should take the initiative to quickly inject tens of trillions of yen in public money into the nation's major banks to boost their capital bases and ease the credit crunch, a special advisory panel to Prime Minister Keizo Obuchi proposed Wednesday.The Strategic Economic Council, headed...
JAPAN
Oct 13, 1998

Bank bill clears Lower House; enactment seen Friday

The new bank recapitalization bill designed to keep capital-short banks afloat cleared the Lower House Tuesday and was immediately sent to the Upper House, which is expected to enact the measure Friday.
JAPAN
Oct 13, 1998

Crime soars to postwar record

The number of reported Penal Code violations in 1997 hit another postwar record of 2.518 million, up some 52,600 from the year before, according to an annual government report on crime released Tuesday.The 1998 crime white paper, which includes an overview of last year's general criminal trends and...
JAPAN
Oct 12, 1998

Upper House enacts finance resuscitation laws

The Diet enacted financial reform laws Monday afternoon that mandate creation of a "financial resuscitation committee" to handle failed and failing banks as well as a public institution to buy bad loans from them.The government and Liberal Democratic Party now turn their attention to a bank recapitalization...
JAPAN
Oct 7, 1998

Housing deregulation said essential to boosting demand

Housing deregulation is critical for Japan to stimulate its stagnant domestic demand, Kent Calder, special adviser to the U.S. Ambassador to Japan, said Wednesday.Speaking at the Japan National Press Club in Tokyo, Calder pointed to the need to improve transparency, performance-based standards and the...
JAPAN
Oct 6, 1998

Daihatsu unveils new minicar lineup

Daihatsu Motor Co. announced the launch of its fully redesigned Mira, Move, and Terios Kid minicar models Tuesday in line with new Japanese regulations for minicars implemented at the beginning of the month.Daihatsu, a major minicar manufacturer based in Osaka, hopes to raise its current 25 percent...
JAPAN
Oct 2, 1998

Lower House stamps reforms in 'epoch-making' action

After weeks of intense negotiations between the Liberal Democratic Party and the opposition camp, key financial reform bills designed to fix Japan's banking sector woes cleared the Lower House Friday evening.The bills were sent immediately to the Upper House and could become law as early as next Friday.After...
JAPAN
Sep 29, 1998

Latest bank-bailing strategy may focus on capital ratios

The government and the ruling Liberal Democratic Party have outlined a new plan to inject public funds into ailing banks to replace the bank-recapitalization law that will be scrapped, government and LDP officials said Tuesday.
JAPAN
Sep 18, 1998

North Korea launch was aimed at U.S. negotiators, expert claims

Staff writer

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