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November 22, 2024
 

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JAPAN
Jan 28, 1997
Mitsubishi Motors links up with Italian firm
Mitsubishi Motors Corp. announced Jan. 28 that it will entrust production of its new small sports utility vehicle for the European market to Industrie Pininfarina SpA, an Italian automaker, beginning in 1999.The two firms signed an eight-year agreement on the project, in which a total of 20 billion...
JAPAN
Jan 28, 1997
Keidanren urges simpler merger, acquisition rules
The procedures for corporate mergers and acquisitions should be simplified so companies can keep up with rapid changes in the global environment by reorganizing their corporate structure, according to an economic advisory group.In its report released Jan. 28, the Japan Federation of Economic Organizations...
JAPAN
Jan 28, 1997
High court awards illegal worker lost pay
In a landmark decision, the Supreme Court on Jan. 28 awarded a foreigner 2.2 million yen in income it estimated he lost due to an injury sustained while working illegally in Japan. It was the first ruling by the top court concerning a claim for income lost by an illegally employed foreigner.Based on...
JAPAN
Jan 28, 1997
NCR to give employees stock option
NCR Japan Ltd., a subsidiary of U.S.-based NCR Corp., announced Jan. 28 that it will introduce a "stock option" incentive program for its employees, becoming the first Japanese listed firm to offer such a program.The company's 3,200 workers will be given the right to purchase 90 shares of its parent...
JAPAN
Jan 28, 1997
Panel eyes Diet approval for BOJ board members
A study panel drafting revisions to the Bank of Japan Law basically agreed Jan. 28 that appointment of central bank policy board members should be approved by the Diet.A majority of the panel's members said the three board members representing the BOJ -- including its governor and deputy governor --...
JAPAN
Jan 28, 1997
Tokyoites discuss possible capital move
The Tokyo Metropolitan Government held a conference with Tokyo residents and workers Jan. 27 to discuss relocating the capital outside the city.The Tokyo government restated the opinion of some that the issue should be considered very carefully and that reform and decentralization of central government...
JAPAN
Jan 28, 1997
Energy-environment turf war flares
Japan, the only industrialized nation without an environmental assessment law, is finally moving toward creating one, but an ongoing tug of war between the Environment Agency and the Ministry of International Trade and Industry is casting a shadow over such prospects.The dispute centers on whether power...
JAPAN
Jan 28, 1997
Sanyo to boost investment in solar battery business
Sanyo Electric Co. will invest 2.5 billion yen in its solar power battery operations in fiscal 1997 and another 10 billion yen in the following three years, Sanyo President Yasuaki Takano said Jan. 28. Takano said the strategy will make Sanyo a leader in the field in Japan by 2000.Takano predicted that...
JAPAN
Jan 27, 1997
Kajiyama elaborates on sex-slave comments
Chief Cabinet Secretary Seiroku Kajiyama apologized Jan. 27 to the South Korean people for his remarks concerning the "comfort women" that overshadowed the weekend Japan-Korea summit. Comfort women is the term Japan euphemistically used to refer to its wartime sex slaves.But he then repeated his earlier...
JAPAN
Jan 27, 1997
Hashimoto wants big extra budget
Despite calls by opposition parties to curb extra state spending, Prime Minister Ryutaro Hashimoto on Jan. 27 emphasized the need to implement a proposed 2.666 trillion yen supplementary budget for fiscal 1996.Hashimoto made the remarks in the Diet after Hajime Ishii of Shinshinto, the largest opposition...
JAPAN
Jan 27, 1997
Firms continue clinging to report days
Many companies plan to announce their financial results on the same day this year, despite various efforts to reduce excessive concentration of such presentations, a Tokyo Stock Exchange survey revealed.As many as 304 companies surveyed last month said they plan to announce their fiscal 1995 results...
JAPAN
Jan 27, 1997
Fraud probe nets arrest of Tomobe's wife, son
Police on Jan. 27 arrested five officials belonging to a mutual aid society affiliated with Upper House member Tatsuo Tomobe, 68, on suspicion of massive fraud.The five arrested include Tomobe's wife, Mikiko, 61, who is the head Orange Kyosai Kumiai, and his son, Momoo, its 29-year-old managing director,...
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.

Podcast

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

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

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