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JAPAN

Jan 19, 1998

Government to take closer look at 'Amakudari'

The government will launch a drastic review of "amakudari," the practice in which bureaucrats retire early and take key positions in industries previously under their jurisdiction, in an effort to prevent further corruption, Chief Cabinet Secretary Kanezo Muraoka said Monday.Prime Minister Ryutaro Hashimoto...

JAPAN

Jan 19, 1998

Hashimoto gets testy over calls to resign

Prime Minister Ryutaro Hashimoto told a Diet committee Monday that he would resign as prime minister immediately if it would help change the gloomy economic climate hanging over the nation."But things are not that easy," Hashimoto said angrily, in reply to a demand from an opposition lawmaker that Hashimoto...

JAPAN

Jan 19, 1998

Fuji to apply to build cars in China

Fuji Heavy Industries Ltd. will apply to Chinese authorities this year for a license to produce cars jointly with China Guizhou Aviation Industry Corp., the president of the Japanese automaker said Monday.The company also announced that it will provide support for German automaker Porsche AG in Japan...

JAPAN

Jan 19, 1998

Columbia seeks to build up trade, investment

Columbia is aiming to strengthen trade and investment relations with Japan and improve its own industrial infrastructure to encourage investment, Columbian Foreign Minister Maria Mejia told Foreign Minister Keizo Obuchi on Monday, ministry officials said.Obuchi welcomed Columbia's efforts to improve...

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 19, 1998

Finance Ministry considering new penalties for Nomura

The Ministry of Finance has begun studying whether new administrative penalties can be imposed on Nomura Securities Co. in connection with a bribery scandal that led to the arrest of two of its former executives, ministry sources said Monday.The ministry will look into whether the giant brokerage, rather...

JAPAN

Jan 19, 1998

Banks under pressure to cut salaries

Several Cabinet members said Monday that banks should be urged to lower their salary levels, known to be considerably higher than those at firms in other industries, at a time when the government is preparing to use public money to handle the banking crisis.According to Chief Cabinet Secretary Kanezo...

JAPAN

Jan 16, 1998

BOJ keeps hands off discount rate

The Bank of Japan held its first Monetary Policy Meeting under new antisecrecy rules Friday and immediately announced that the Policy Board unanimously decided to leave monetary policy and the 0.5 percent official discount rate unchanged.The new format, adopted in advance of the April enforcement of...

JAPAN

Jan 16, 1998

Hashimoto restates dedication to stability, tax cuts

Prime Minister Ryutaro Hashimoto on Friday stressed the need to deliver on government pledges to implement a 2 trillion yen pump-priming tax cut and to pass financial stabilization measures.Speaking before the House of Representatives Budget Committee, Hashimoto noted that markets have already responded...

JAPAN

Jan 16, 1998

Nikkei average leaps on expectation of stimulus measures

The Nikkei average recorded its second biggest jump ever Friday thanks to growing expectations that the government and the ruling Liberal Democratic Party are shifting policies to save the economy and the stock market.The 225-issue Nikkei average soared 924.47 points, or 6.1 percent, to end the postholiday...

JAPAN

Jan 16, 1998

MPD cop allegedly helped halt Daiwa investigation

An Metropolitan Police Department officer arrested this week on suspicion of taking bribes from Daiwa Securities Co. was asked by the brokerage to help halt a 1993 investigation into the firm, police and prosecution sources alleged Friday.It is possible the MPD's investigation targeting an employee...

JAPAN

Jan 16, 1998

Remove laws to improve competitiveness, ACCJ head urges

Japan should abolish -- rather than ease -- a number of existing regulations if it wants to become more competitive and support a positive economic situation, Glen S. Fukushima, the new president of the American Chamber of Commerce in Japan, said Friday."Although 'deregulation' is often translated into...

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.

Kabukicho: Tokyo’s ‘stadium of desire’

Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.

Japan’s sauna movement: Relax, refresh, repeat

By Greg Dvorak

SUSTAINABLE JAPAN

The celebrated artist ‘updating’ the kimono

The celebrated artist ‘updating’ the kimono

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