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JAPAN
Jan 13, 1998
Banker apologizes for wining and dining
The leader of the nation's banking industry apologized Tuesday for the excessive wining and dining of Finance Ministry officials carried out in the past by some bankers."We needed such bankers, but we regret there was some excessive entertaining," Naotaka Saeki, chairman of the Federation of Bankers...
JAPAN
Jan 13, 1998
Isuzu forecasts 11% drop in auto sales
Sales at Isuzu Motors Ltd. for 1998 will drop 11 percent to 631,000 units amid the economic slump in the domestic market and Southeast Asia, the company said Tuesday.Isuzu produced 705,029 vehicles last year and plans to produce 623,000 this year, down 12 percent. The economic crisis in Thailand will...
JAPAN
Jan 13, 1998
Debate sought as banks triple figures for sour loans
Figures indicating that the nation's banks have more than triple the amount of bad loans than originally thought will help spur Diet debate on using public funds to stabilize the financial system, Finance Minister Hiroshi Mitsuzuka said Tuesday.On Monday, the Finance Ministry said independent assessments...
JAPAN
Jan 13, 1998
More pump-priming steps may be implemented
Mitsuo Horiuchi, the minister of international trade and industry, indicated Tuesday that additional pump-priming measures may be implemented to prevent a global economic crisis from originating in Japan.Speaking at a regularly scheduled news conference, Horiuchi said that to prevent further deterioration...
JAPAN
Jan 13, 1998
Bankers adopt U.S.-style disclosure rules for bad loans
The Federation of Bankers Associations of Japan adopted on Tuesday stricter disclosure standards on banks' bad loans, modeled on U.S. standards.Under the new rules, for example, banks will be obliged to release their figures for nonperforming loans if the borrower does not pay interest for three months...
JAPAN
Jan 13, 1998
Nikkeiren says firms can't afford pay hikes
The economy is in the doldrums and corporations cannot afford to grant wage increases, according to a report adopted Tuesday at an extraordinary general meeting of the Japan Federation of Employers' Associations (Nikkeiren).Prior to this year's spring labor offensive, known as "shunto," the position...
JAPAN
Jan 13, 1998
Blair sees a new chapter in bilateral ties
A new chapter is opening in Anglo-Japanese relations as the two countries work together for peace and security, and a better international economy, British Prime Minister Tony Blair said Tuesday.He told a news conference at the Japan National Press Club that his visit helped strengthen the bilateral...
JAPAN
Jan 13, 1998
Armed man holds official hostage at Tokyo Stock Exchange
A man in his 40s wielding what appeared to be a pistol took a hostage Tuesday and holed up in the governor's suite on the 14th floor of the Tokyo Stock Exchange building, demanding to meet with the finance minister, police said.The man, clad in a business suit, took captive Masahiro Abe, 50, an exchange...
JAPAN
Jan 12, 1998
Horiuchi tells EC recovery coming in April
Trade chief Mitsuo Horiuchi assured European Commission Vice President Leon Brittan on Monday that the Japanese economy will soon return to a stable recovery driven by domestic demand.During his meeting with Brittan, Horiuchi said a range of economic pump-priming measures, including 2.3 trillion yen...
JAPAN
Jan 12, 1998
Japan and Britain address Asia crisis
Japan and Britain shared concerns Monday over the recent instability of the Indonesian rupiah but agreed that South Korea is making progress in escaping its economic quagmire, according to a senior Japanese government official.Visiting British Prime Minister Tony Blair met with Finance Minister Hiroshi...
JAPAN
Jan 12, 1998
Old Buddhist statue will have new home
OSAKA -- For the Kudara Kannon statue of the Goddess of Mercy, 1997 was a busy year.Kudara Kannon, a national treasure belonging to Horyuji Temple in Ikaruga, Nara Prefecture, was displayed at the Louvre museum and at the Tokyo National Museum.Next autumn, a building specially designed to house the...
JAPAN
Jan 12, 1998
DKB allegedly treated bureaucrats to cover payoffs
As business at Dai-Ichi Kangyo Bank slowly recovers following the revelation of payoffs to a "sokaiya" extortionist, fresh allegations have surfaced that the bank had wined and dined Finance Ministry officials to cover up the payoffs.The bank's business suffered severely amid the scandal, in which 11...
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 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.
Preparations for Osaka Expo well underway amid lack of excitement
The Grand Ring, a symbol of the 2025 World Exposition in Osaka
Ishiba shelves proposal for liaison offices with North Korea amid rising tensions
Prime Minister Shigeru Ishiba speaks on Saturday in Tokyo at a rally that was held by a group of families of Japanese citizens abducted by North Korea decades ago to demand the immediate return of all abductees.
'Kohaku' still matters for J-pop bragging rights
Emerging Gen Z J-pop group ME:I will perform on this year's "Kohaku Uta Gassen," national broadcaster NHK’s New Year's Eve spectacle.
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.
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.
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.
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu

Podcast

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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