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JAPAN
Jan 12, 1998
Banks assess bad loans at 76 trillion yen
The nation's major and regional banks estimate they have accumulated 76.71 trillion yen in potentially sour loans, the Finance Ministry said Monday.The amount, calculated under different standards than those used by the ministry, was about 3.5 times greater than 21.73 trillion yen reported by the ministry...
JAPAN
Jan 9, 1998
Limits on construction bond use may be lifted
LDP Secretary General Koichi Kato indicated Friday that the government may lift a division between deficit-covering bonds and construction bonds so more public funds can be injected into the economy."Removing the division is a matter that has lingered for a long time in the minds of a number of senior...
JAPAN
Jan 9, 1998
Mitsuzuka wants construction, deficit bonds separate
Finance Minister Hiroshi Mitsuzuka voiced opposition Friday to recent calls to scrap the current classification divisions between construction and deficit-covering government bonds.Deficit-covering bonds are issued to cover gaps between government spending and revenue in a given fiscal year and require...
JAPAN
Jan 9, 1998
Blair hails Toyota plan to expand production in U.K.
British Prime Minister Tony Blair and Hiroshi Okuda, president of Toyota Motor Corp., announced at a press conference Friday that the automaker has decided to expand an engine factory in Great Britain.Toyota will increase the annual manufacturing capacity of 1,000cc to 1,300cc gasoline engines at a...
JAPAN
Jan 9, 1998
Fiscal woes plague Osaka governor
By Eric Johnston
Staff writerNearly three years ago, comedian and Diet member "Knock" Yokoyama shocked the nation by winning Osaka Prefecture's gubernatorial election as an independent, despite entering the race only three weeks before the voting.Yokoyama won because voters, angry with the former governor for his involvement...
JAPAN
Jan 9, 1998
St. Ignatius Church reveals initial phase of facelift
The first phase of construction of a new building for St. Ignatius Church, near Yotsuya Station in Tokyo, is finished and was unveiled to the press Friday.The building, a Catholic church well known in the Japanese and foreign community alike, is oval-shaped and has a floor space of 1,450 sq. meters,...
JAPAN
Jan 9, 1998
Emissions-cutting panel holds first meeting
A government panel on global warming launched efforts Friday to find ways to cut greenhouse gas emissions by 6 percent from 1990 levels, in accordance with a convention signed last month at an international conference in Kyoto.The panel, headed by Prime Minister Ryutaro Hashimoto and consisting of all...
JAPAN
Jan 9, 1998
Committee agrees to begin work on new bullet train sections
A committee of representatives from the government and the three ruling parties agreed Friday to begin construction on three new bullet train sections in fiscal 1997.The committee had been discussing the proposed public work projects, under which runs would be built between:1) Hachinohe and Shin Aomori...
JAPAN
Jan 9, 1998
Free home stays available for Paralympics participants
The Nagano Olympic and Paralympic Homestay Program Committee is inviting friends and families of officials and athletes participating in the Games to apply for free accommodation in Nagano.Between Feb. 1 and Mar. 15, qualified visitors will be able to stay two or three nights -- but no more than a week...
JAPAN
Jan 8, 1998
Agency rates 20 life insurers' ability to pay claims
Amid growing public concerns about financial institutions, the Japan Credit Rating Agency (JCR) on Thursday released a ranking of 20 major life insurance firms in terms of ability to provide payouts.The list included 10 life insurers whose ratings had been previously released in accordance with paid...
JAPAN
Jan 8, 1998
Finance revision to qualify preferred stock buys by DIC
Financial institutions that want the Deposit Insurance Corp. to purchase their preferred stock will first be required to submit management improvement plans to ensure that public funds will not be used too freely to bail out ailing banks, a top Finance Ministry official said Thursday.Banking Bureau...
JAPAN
Jan 8, 1998
Hashimoto dismisses calls for any further tax cuts
Prime Minister Ryutaro Hashimoto indicated Thursday that he opposes income and residential tax cuts above the 2 trillion yen already announced.Speaking before the House of Councilors' Finance Committee, Hashimoto said he was aware of calls from business leaders and opposition parties for a greater reduction...
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
Taiwan stuns Samurai Japan to capture Premier12 title
Japan starter Shosei Togo reacts after allowing a three-run home run against Taiwan in the fifth inning of the Premier12 final on Sunday.
Japan’s sauna movement: Relax, refresh, repeat
Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
AI boom makes 139-year-old cable maker Japan’s hottest stock
Fujikura's headquarters in Tokyo's Koto Ward. The company's share price has surged by more than 400% this year.
Japan and U.S. to form missile plan in case of Taiwan emergency
A U.S. Marine Corps M142 High Mobility Artillery Rocket System (HIMARS) and a Japanese Ground Self-Defense Force Type 12 Surface-to-Ship Missile (12SSM) system are put on display at a symposium at a base in Kisarazu, Japan, in June 2022.
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
How Japan can exit the fossil fuel subsidies it can’t seem to quit
A man walks past a gasoline station in Tokyo on Thursday.
Are you leaving your loved ones digital legacies or headaches?
The National Consumer Affairs Center reports a growing number of consultations regarding "digital legacies" — data and online services left behind when people die.
Rayssa Leal and Chloe Covell on Japan’s teen skaters: We are friends, not rivals
Brazil’s Rayssa Leal celebrates after winning the women's Street League Skateboarding competition on Saturday in Tokyo.
An iconic 32-foot doughnut might give Randy’s an edge in Japan
Randy's Donuts in Inglewood, California. Replicas of the giant doughnut sculpture will be installed, where possible, at shops in Japan.

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

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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

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