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JAPAN
Jul 29, 1998

Miyazawa accepts Finance post

Former Prime Minister Kiichi Miyazawa accepted an earnest request Wednesday evening from Liberal Democratic Party President Keizo Obuchi to assume the post of finance minister.
JAPAN
Jul 27, 1998

Diet session to last 70 days -- if opposition parties agree

The ruling Liberal Democratic Party on Monday proposed that an extraordinary Diet session last for 70 days, from Thursday until Oct. 7, to discuss the urgent task of stabilizing the fragile financial sector and other issues.
JAPAN
Jul 21, 1998

Stimulus impact to be 'limited,' BOJ says

The government's comprehensive economic stimulus package featuring additional public works projects and special tax reductions will probably have only a limited impact on contracted private demand, the Bank of Japan said in a report Tuesday.
JAPAN
Jul 17, 1998

Finance Ministry needs major overhaul, panel says

The Finance Ministry should be overhauled to make its policymaking more transparent and efficient and to boost staff morale, an ad hoc ministry panel said Friday.
JAPAN
Jul 17, 1998

Teachers wanted for Odawara workshop

The Language Institute of Japan is seeking 100 English teachers to participate in its annual international summer workshop in Odawara, Kanagawa Prefecture, from August 9 to 14.
JAPAN
Jul 10, 1998

Merrill Lynch opens first Kansai branch

OSAKA -- Merrill Lynch Japan Securities Co. opened a branch in the Umeda District in Kita Ward here Friday, its first branch in the Kansai region, and will target local individual and corporate customers.
JAPAN
Jul 6, 1998

Satellites to perform world's first 'cosmic dance' today

Staff writer
JAPAN
Jul 3, 1998

Toray buys out 'ultrasuede' business

Toray Industries, Inc. has acquired the human-made suede business of Spring Industries, Inc., a leading U.S. manufacturer of home furnishings and fabrics, Toray's president announced Friday.
JAPAN
Jul 2, 1998

JAL chief aims to run like the Bulls

Staff writer
JAPAN
Jun 30, 1998

Enterprise Spirit: Secondhand-book vendor prices to sell

19th in a series of occasional articles on venture businesses
JAPAN
Jun 30, 1998

Hashimoto OKs outline for U.S.-style 'bridge banks'

Prime Minister Ryutaro Hashimoto on Tuesday approved an outline for a U.S.-style "bridge bank" designed to prevent bank failures from disrupting the entire economy.
JAPAN
Jun 29, 1998

Erasmus statue comes home after 400 years

A wooden statue of Dutch humanist scholar Desiderius Erasmus (1466-1536) is back in his native Netherlands for a special exhibition after nearly 400 years in Japan.
JAPAN
Jun 29, 1998

Narita airport to hand out more weekly flight slots

The Transport Ministry will allot 202 extra landing and takeoff slots a week for regular flights this winter at Narita airport, starting Oct. 25, ministry officials announced Monday.
JAPAN
Jun 26, 1998

Ailing LTCB moves toward merger with Sumitomo Trust

The Long-Term Credit Bank of Japan, suffering a battering in the market over its financial problems, seeks to merge with Sumitomo Trust & Banking Co. in what is largely seen as its de facto absorption, industry sources said Friday.
JAPAN
Jun 24, 1998

Ex-health vice minister sentenced to two years for bribery

A former top bureaucrat at the Health and Welfare Ministry was sentenced to two years in prison Wednesday and fined 63.69 million yen for bribery in connection with the construction of special subsidized nursing homes.
JAPAN
Jun 19, 1998

Foreign teachers union announces strike over mistreatment

A union of foreign teachers at a public university in Kumamoto announced Friday it will launch a one-day strike against the school Wednesday over its allegedly unfair treatment of foreign staff -- a strike they claim is the first among public school teachers in Japan.
JAPAN
Jun 18, 1998

Tokyo to host emergency meeting to deal with Asian crisis

The government will host an emergency meeting Saturday in Tokyo with representatives from 18 economies to discuss the Asian economic crisis, a senior Finance Ministry official said Thursday.
JAPAN
Jun 17, 1998

MITI body launches one-year coal study policy

The Coal Mining Council, an advisory body to the minister for international trade and industry, convened Wednesday to start a one-year study of the government's coal policy.
JAPAN
Jun 16, 1998

Partyspeak: Hata asks voters to rout out the LDP

First in a series Staff writer
JAPAN
Jun 16, 1998

Stimulus plan at risk if downturn continues, BOJ report says

The boost expected from the government's 16 trillion yen economic stimulus package may be weakened if the downturn in employment and income continues to hurt overall economic activity, the Bank of Japan warned Tuesday.
JAPAN
Jun 16, 1998

Bad-loan task force mulls alternative lending laws

The ruling Liberal Democratic Party's task force on bad loans held by banks convened its first hearing Tuesday to discuss a new kind of lending that would make corporate fundraising easier.
JAPAN
Jun 15, 1998

Lower House approves supplementary budget for fiscal '98

The Lower House approved a general account supplementary budget worth 4.65 trillion yen for the current fiscal year Monday afternoon, compiled to support the government's economic stimulus efforts.
JAPAN
Jun 12, 1998

Man can still claim smallpox vaccine damages: supreme court

The Supreme Court on Friday overturned a high court ruling that rejected a damages claim by a 46-year-old man who suffered brain damage as a result of an inoculation required by the state, and remanded the case to the Tokyo High Court.
JAPAN
Jun 12, 1998

Ticketless Cup fans still have high hopes

As hundreds of tourists left for France with hopes of attending Japan's World Cup opener, travel agencies on Friday continued to face difficulty securing tickets.
JAPAN
Jun 12, 1998

Economy shrank 0.7% in fiscal 1997

The economy shrank by an annualized 5.3 percent during the last three months of fiscal 1997 compared with the previous quarter, leading to the nation's first annual economic contraction in 23 years, according to figures released Friday.
JAPAN
Jun 11, 1998

Defense execs to serve alongside SDF field ranks

To facilitate better understanding between civilian and uniformed officials, the Defense Agency is planning to assign would-be executive officials to local officer posts in the Self-Defense Forces, Vice Defense Minister Masahiro Akiyama said Thursday.
JAPAN
Jun 11, 1998

MITI team to probe state oil firms

The Ministry of International Trade and Industry will set up an internal team to probe the finances of 122 oil exploration firms under the Japan National Oil Corp., MITI Vice Minister Osamu Watanabe said Thursday.
JAPAN
Jun 11, 1998

World Cup fans leave for France as ticket woes continue

As confusion continued Thursday over a massive shortage of World Cup tickets for Japan matches, 319 soccer fans left Narita airport for Paris aboard a special Japan Airlines flight.
JAPAN
Jun 11, 1998

BOJ official admits taking bribes, denies leaking bank info

A fired senior Bank of Japan official pleaded guilty Thursday to accepting 4.3 million yen in bribes from two banks but denied leaking vital BOJ information in exchange for the lavish favors.
JAPAN
Jun 10, 1998

U.S. agriculture group hosting trade fair

OSAKA -- A two-day trade fair designed to introduce and promote U.S. agricultural products in the Kansai region opened Wednesday at Osaka MyDome, beside the Osaka Chamber of Commerce building.

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