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JAPAN
May 26, 1997

Tokai radiation no health threat, experts say

The amount of radiation that leaked in March at the nuclear fuel reprocessing plant in Tokai, Ibaraki Prefecture, is too small to pose a threat to human health, four members of the Japan Radiation Research Society claimed May 26 during a news briefing.
JAPAN
May 23, 1997

Sumitomo Bank shuffles leadership

OSAKA -- Sumitomo Bank announced May 23 that Vice President Yoshifumi Nishikawa will replace Toshio Morikawa as president, effective June 27.
JAPAN
May 20, 1997

Dollar tumbles to 111.98 yen

With the downtrend gathering momentum in Tokyo, the dollar touched the 111 yen level momentarily late May 20 for the first time since Dec. 6, 1996, on a rush of selling by exporters and institutional investors.
JAPAN
May 16, 1997

Diet legalizes stock options

Legislation to legalize stock options cleared the Diet on May 16, setting the stage for many Japanese corporations to introduce in June the highly lucrative system of remuneration available to many U.S. corporate executives and employees.
JAPAN
May 16, 1997

Economists doubt structural reforms will succeed

With the Cabinet's approval May 16 of an action plan for economic structural reform, the government tried to demonstrate its indomitable resolution to reconstruct the nation's economic system and ensure sustainable growth well into the next century.
JAPAN
May 14, 1997

U.S. military's land leases expire; nothing happens

Although leases for land plots at 11 U.S. military bases expired at midnight May 14, a relevant law that was revised last month will enable the central government to continue providing the land to the U.S. forces.
JAPAN
May 14, 1997

Sumitomo Trust denies market rumors

Sumitomo Trust & Banking Co. on May 14 flatly denied market rumors that it would issue preferred stocks and terminate overseas operations due to losses, reports of which prompted stock exchanges to order trading in its shares be suspended.
JAPAN
May 13, 1997

Annan expects UNSC reformation by year's end

A breakthrough in reforming the United Nations Security Council could be achieved by the end of the year as momentum mounts among members of the international body, U.N. Secretary General Kofi Annan said May 13.
JAPAN
May 13, 1997

Pyongyang's ADB bid to get due consideration, bank chief says

FUKUOKA -- North Korea's bid to gain membership in the Asian Development Bank will not be affected by other ongoing diplomatic negotiations concerning the country, ADB President Mitsuo Sato said May 13.
JAPAN
May 12, 1997

Seoul pushes North Korea's bid to join ADB

FUKUOKA -- South Korea on May 12 called on other members of the Asian Development Bank to join it in supporting North Korea's bid to become a member.
JAPAN
May 12, 1997

SDF may be used for war on terrorism

Relaxing legal restraints on the Self-Defense Forces may be necessary to enable the government to better combat terrorism overseas, Chief Cabinet Secretary Seiroku Kajiyama said May 12.
JAPAN
May 9, 1997

Tepco promises rate cuts next year

Tokyo Electric Power Co. will reduce electricity rates early next year as a result of the utility's progress in streamlining management, Tepco President Hiroshi Araki told a news conference May 9.
JAPAN
May 9, 1997

Mitsuzuka 'not satisfied' with yen's level

Finance Minister Hiroshi Mitsuzuka implied May 9 that he would like to see a further strengthening of the yen against the dollar, saying he was "not yet satisfied" with current foreign exchange levels.
JAPAN
May 7, 1997

Aboriginal leaders hit Asian Development Bank projects

Three leaders of Asian indigenous peoples said at a news conference May 7 that their human rights and environment are being violated because of development projects partially funded by Japan.
JAPAN
May 6, 1997

Japanese firms catching on to stock options

An increasing number of Japanese corporations are introducing de facto "stock option" arrangements so their executives and employees can take advantage of a highly lucrative system available to many U.S. corporate executives.
JAPAN
May 6, 1997

Politician joins activists in landing on Senkaku Islands

An opposition lawmaker and three other activists landed early May 6 on one of the Senkaku Islands, which are claimed by Japan, China and Taiwan, Maritime Safety Agency officials said.
JAPAN
May 1, 1997

Authorities to act on forex fluctuation

Authorities will closely monitor foreign exchange markets and take appropriate action in line with the latest statement by the Group of Seven industrialized nations calling for exchange rates that will not lead to huge external surpluses, a top Finance Ministry official said May 1.
JAPAN
Apr 30, 1997

G-7 statement hard one to digest, Mitsuzuka says

It will take some time for the foreign exchange market to fully understand the significance of the statement issued May 4 by the finance ministers and central bankers of the Group of Seven, Finance Minister Hiroshi Mitsuzuka said April 30.
JAPAN
Apr 28, 1997

Disclosure for disposal of arms left in China urged

The government must make public information on how it will dismantle poison gas weapons abandoned in China at the end of the war, a citizens' group holding exhibitions on Japan's wartime development and use of poison gas demanded April 28.
JAPAN
Apr 28, 1997

G-7 agrees to constrain dollar, surplus

WASHINGTON -- The Group of Seven industrialized nations, warning against a further upswing of the dollar against the yen, joined hands April 27 in an attempt to check the U.S. currency's rise and to keep Japan's external surplus from increasing markedly.
JAPAN
Apr 25, 1997

NCB, Bankers Trust formally announce tieup

Nippon Credit Bank and Bankers Trust Company formally announced April 25 their agreement to collaborate on securitization of transactions and overseas financial business operations and to hold shares in each other.
JAPAN
Apr 25, 1997

Witnesses relive Tokyo subway gas attack

Three witnesses for the prosecution testified at the April 25 session of Aum Shinrikyo founder Shoko Asahara's trial, telling the court how they cared for victims of the 1995 Tokyo subway nerve gas attack immediately after the incident occurred.
JAPAN
Apr 23, 1997

Ministry considers punishment for Nomura

The Finance Ministry has begun studying details of the punishment to be imposed on Nomura Securities Co. over its shady stock deals and payments to a firm linked to a "sokaiya" corporate extortionist, according to ministry officials.
JAPAN
Apr 23, 1997

Hashimoto accepts lack of advance warning about attack

Prime Minister Ryutaro Hashimoto said April 23 that he regrets Tokyo was not informed in advance of the rescue operation at the Japanese ambassador's residence in Lima, but added he "understands" the decision of Peruvian President Alberto Fujimori.
JAPAN
Apr 22, 1997

Scandal forces Nomura to reshuffle management

Nomura Securities Co. said April 22 that Managing Director Junichi Ujiie will assume its presidency May 1 in place of Masashi Suzuki. The move is aimed at improving the brokerage's public image in the wake of a scandal involving shady stock deals and payments to a firm linked to a "sokaiya" corporate...
JAPAN
Apr 22, 1997

Banking head says industry 'positive' on NCB bailout

Nippon Credit Bank's recently announced restructuring plan seems sufficient to revitalize the bank and NCB's calls for financial aid will be considered in a positive way, the new head of the nation's banking industry said April 22.
JAPAN
Apr 21, 1997

New Vietnamese consul arrives to push Osaka trade

OSAKA -- Le Ngoc Thu, consul general for Vietnam in Osaka, said here April 21 the new consulate general will work to promote trade between Vietnam and Osaka Prefecture.
JAPAN
Apr 18, 1997

Tokyo governor eyes a cleaner metropolis

Tokyo Gov. Yukio Aoshima, who will enter the last half of his four-year term next week, said April 18 that his priority in the remaining tenure will be a fight against garbage and changing Tokyo into a city of recycling.
JAPAN
Apr 18, 1997

WTO sought on Indonesia car row

Japan has initiated procedures to file a request with the World Trade Organization to set up a dispute settlement panel to examine Indonesia's national car policy, according to the Ministry of International Trade and Industry.
JAPAN
Apr 17, 1997

Mitsui Marine may support NCB

Mitsui Marine & Fire Insurance Co. is leaning toward complying with a request from Nippon Credit Bank for new capital to support its restructuring efforts, the president of the nonlife insurer said April 17.
Tokyo hit by torrential rainfall at rush hour
People line up at Shibuya Station in Tokyo as they try to avoid the heavy rain on Thursday.
Foreign drivers in Japan to face tougher license conversion rules from October
According to the National Police Agency, there were 75,905 people who converted their foreign driver’s license to a Japanese one in 2024, up from 48,885 in 2019.
Chinese fighters came within 30 meters of Japanese spy aircraft, Tokyo says
A Chinese JH-7 fighter jet makes an near an Air Self-Defense Force YS-11EB surveillance aircraft over the East China Sea this week in this image released Thursday.
Air India crash report to offer peek into last seconds
Members of the Indian Army's engineering arm prepare to remove the wreckage of an Air India aircraft in Ahmedabad on June 14.
What Japanese politics could look like after Upper House election
Prime Minister Shigeru Ishiba, who heads the ruling Liberal Democratic Party (center) waves to attendees as he departs after delivering a campaign speech in Yokohama on Sunday.
New IG Arena set to dial down temperature at Nagoya Basho, in a good way
With IG Arena getting glowing early reviews as the Nagoya Basho’s replacement venue, it may be a while before fans wax nostalgic about the Aichi Prefectural Gymnasium.
Once a niche, anime is now mainstream content for Netflix and other streaming services
Though Netflix remains the dominant choice globally for anime viewers, Amazon Prime Video has also invested heavily in anime, steadily adding titles to their catalogue.
NGOs condemn rise in anti-immigrant rhetoric ahead of Upper House vote
Sanseito head Sohei Kamiya holds a board that reads "Japanese First" in Tokyo on July 2. In a joint statement on Tuesday, eight human rights nongovernmental organizations described the far-right party's stance as "hate speech."
Japanese dancers find a home abroad at Houston Ballet
“Giselle” lead Yuriko Kajiya (center), performing with Connor Walsh as Albrecht, is one of six Japanese dancers at Houston Ballet.
From the Abes to the Ohtanis: How siblings shape athletic development
Olympic judoka Uta Abe (second from left) and Hifumi Abe (second from right) with their brother Yuichiro (center) and their parents. “I’m always consciously trying to be a good older brother,” Yuichiro said.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji
By Alex K.T. Martin

SUSTAINABLE JAPAN

Muji has been sustainable from the beginning
Muji has been sustainable from the beginning

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