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JAPAN
Sep 18, 1998

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

Staff writer
JAPAN
Sep 14, 1998

LDP offers to dump public funds use laws

In an attempt to strike a deal with the opposition camp, the Liberal Democratic Party offered Monday to scrap two financial stabilization laws that allow the injection of public funds into troubled banks.
JAPAN
Sep 14, 1998

Highway card firm asks for dismissal of lawsuit

OSAKA -- K.S. Planning Co., a distributor of prepaid highway toll cards, asked the court Monday to dismiss a lawsuit filed by a toll card manufacturer over an unpaid debt, saying it had been fooled into a contract by one of its executives.
JAPAN
Sep 11, 1998

Too much, too little, too late?

Prime Minister Keizo Obuchi instructed his Cabinet ministers Friday to work out measures that will double people's living, business and recreational space within five years, and create some 500,000 new jobs through economic structural reform within the next two years.
JAPAN
Sep 10, 1998

First international charter in 20 years to leave Haneda

A chartered All Nippon Airways jetliner will depart Tokyo's Haneda airport today for Hawaii, becoming the first international chartered flight to depart from the airport in 20 years.
JAPAN
Sep 10, 1998

Compromise sounds heard from LDP

The Liberal Democratic Party and the opposition camp continued negotiations Thursday over financial system stabilization bills, with the LDP showing signs it may compromise further.
JAPAN
Sep 9, 1998

JNR debt-sharing proposal gains support

A plan to allocate the debt left behind by the former Japanese National Railways among the seven JR group companies received backing by economic experts during a Lower House committee meeting Wednesday.
JAPAN
Sep 7, 1998

Miyazawa denies U.S. asked for hike in bank-bailing funds

Finance Minister Kiichi Miyazawa on Monday denied media reports that the United States has asked Japan to increase the amount of public money it has set aside to aid troubled financial institutions.
JAPAN
Sep 7, 1998

Kurosawa to receive special award

Film director Akira Kurosawa, who died Sunday, will posthumously receive the People's Honor Award in recognition of his lifetime work, the top government spokesman said Monday.
JAPAN
Sep 3, 1998

Opposition finance bills set stage for showdown

Three opposition parties on Thursday submitted their prescription for the nation's ailing financial system, setting the stage for a showdown with the LDP.
JAPAN
Sep 2, 1998

DPJ demands disclosure as LTCB stance softens

Top opposition leader Naoto Kan hinted Wednesday that his Democratic Party of Japan may accept the planned injection of public money for the ailing Long-Term Credit Bank of Japan under certain conditions, such as full disclosure of the bank's management information and clarification of the responsibility...
JAPAN
Sep 2, 1998

Telephone boasts e-mail, Internet functions

Sharp Corp. on Wednesday unveiled a multimedia phone that boasts e-mail and Internet browsing functions in addition to standard telephone and fax functions.
JAPAN
Sep 1, 1998

DPJ drafts JNR debt scheme

An opposition party's counterproposal to the government's plan to settle debts left behind by the defunct Japanese National Railways would garner funds through steps such as administrative streamlining, it was learned Tuesday.
JAPAN
Sep 1, 1998

No to independent liquidation panel, Miyazawa says

While upholding the government's readiness to compromise with the opposition, Finance Minister Kiichi Miyazawa refused to accept Tuesday the idea of setting up independent authorities to supervise the liquidation of failed financial institutions.
JAPAN
Sep 1, 1998

Screening panel admits bank rescue errors

Public money was injected into 21 banks in March although the government's screening panel did not know the banks' financial details, Yoko Sazanami, the panel's head, told the Diet on Tuesday.
JAPAN
Sep 1, 1998

LDP, opposition camp agree to negotiate finance bills

The ruling Liberal Democratic Party and the opposition camp agreed Tuesday to set up a forum to negotiate revisions of key financial stabilization bills. The forum is expected to start as early as Monday, LDP sources said.
JAPAN
Aug 31, 1998

LTCB chief recants Diet statements on bank's solvency

The president of the Long-Term Credit Bank of Japan told the Diet on Monday that he "believes" his bank is solvent, only to recant the statement later in the day.
JAPAN
Aug 28, 1998

40 trillion yen set aside for small business loans

The government said Friday it will ensure that 40 trillion yen will be available for state financial institutions and credit insurers to help small businesses that are suffering from tight lending by banks.
JAPAN
Aug 28, 1998

State mulls partial release of LTCB inspection data

The government will consider disclosing some financial data of the troubled Long-Term Credit Bank of Japan, Finance Minister Kiichi Miyazawa indicated Friday before a Lower House special committee on financial system stabilization.
JAPAN
Aug 28, 1998

Government must act faster on economic data: SEC chief

Staff writer
JAPAN
Aug 27, 1998

Opposition slams handling of LTCB, demands disclosure

Opposition parties on Thursday harshly criticized the government's handling of the troubled Long-Term Credit Bank of Japan during a Lower House committee meeting that resumed after a one-day opposition-camp boycott.
JAPAN
Aug 26, 1998

Opposition snubs Diet panel, delays financial deliberations

The Lower House's special committee on financial stabilization failed to meet Wednesday due to a boycott by the opposition camp over a procedural disagreement, but both camps agreed they would meet today.
JAPAN
Aug 26, 1998

Housing firm targets frequent JAS fliers

Japan Air System Co. will extend its frequent flier program to customers of Mitsui Home Co. starting Sept. 1, the two firms jointly announced Wednesday.
JAPAN
Aug 25, 1998

LTCB document puts risky assets at 2.8 trillion yen

A self-assessment by the Long-Term Credit Bank of Japan puts the bank's risky assets at 2.824 trillion yen, including "second category" loans of more than 2.379 trillion yen, at the end of March, according to a document disclosed to lawmakers Tuesday.
JAPAN
Aug 21, 1998

LTCB announces plan to restructure

The troubled Long-Term Credit Bank of Japan on Friday announced a restructuring plan in which three top executives will resign and its 13 overseas outlets will close.
JAPAN
Aug 20, 1998

Obuchi denies news reports of LTCB fund infusion plan

Prime Minister Keizo Obuchi denied media reports Thursday that the government has decided to inject public funds into the ailing Long-Term Credit Bank of Japan to expedite LTCB's proposed merger with Sumitomo Trust & Banking Co.
JAPAN
Aug 18, 1998

Six execs, four scholars named to economic council

The chairman of Asahi Breweries Ltd. and nine others were officially appointed Tuesday to the new Strategic Economic Council, a special advisory panel to Prime Minister Keizo Obuchi.
JAPAN
Aug 11, 1998

New law fails to preserve Ainu people's rights: U.N.

Staff writer
JAPAN
Aug 10, 1998

Asian Women's Fund remains official sex slave redress policy

The government maintained its stance Monday of promoting the Asian Women's Fund to extend money to women who were forced to provide sex to Japanese soldiers before and during the war.
JAPAN
Jul 30, 1998

Osaka draws up 10-year restructuring plan

OSAKA -- To forestall intervention by the central government, the cash-strapped Osaka Prefectural Government announced a 10-year restructuring plan Thursday that includes a reduction in prefectural officials and teachers as well as a suspension of regular annual wage increases for two years.

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