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JAPAN
Jan 12, 1998
Ex-Taiheiyo broker grilled over fund misuse
OSAKA -- Police are questioning a former Taiheiyo Securities Co. employee on suspicion of misusing more than 300 million yen in his client's fund, informed sources said Monday.They said the former acting sales chief at the Umeda branch here received more than 300 million yen from a client between March...
JAPAN
Jan 12, 1998
Hashimoto vows efforts to protect financial system
In a departure from the norm, Prime Minister Ryutaro Hashimoto opened the 150-day Diet session Monday with a speech focusing solely on financial markets and the economy, stressing that Japan will not let its woes drag the rest of Asia and the world into more turmoil."It is our firm resolve that neither...
JAPAN
Jan 12, 1998
Dai-Ichi Kangyo executives plead guilty to payoffs
Four former executives of Dai-Ichi Kangyo Bank pleaded guilty Monday to extending illegal loans to a "sokaiya" corporate extortionist in violation of the Commercial Code, in their first trial hearing before the Tokyo District Court.The four, all wearing navy-blue suits and white shirts, are former Vice...
JAPAN
Jan 12, 1998
Japan's recovery vital to stability in Asia, Mitsuzuka says
Japan's economic recovery is extremely vital to the stability of Asian economies and the continued expansion of the global economy, Finance Minister Hiroshi Mitsuzuka said Monday in a speech at the opening of the year's regular Diet session.He added that it is the government's responsibility to take...
JAPAN
Jan 12, 1998
WorldCom to expand Japanese base
WorldCom Japan Ltd., a subsidiary of U.S.-based WorldCom Inc., said Monday it will expand its presence in the Japanese telecommunications market by establishing its own fiber-optic network.As deregulation is slated to begin this month, WorldCom, which currently holds a Type II carrier license, will...
JAPAN
Jan 12, 1998
Opposition parties put down Hashimoto's speech
Two opposition party leaders railed Prime Minister Ryutaro Hashimoto after his Monday speech to the Diet, saying his administration has failed to come to grips with the current economic downturn.Liberal Party head Ichiro Ozawa termed the government's recently announced economic measures -- which Hashimoto...
JAPAN
Jan 12, 1998
Imai officially tapped by Toyoda to head Keidanren
Shoichiro Toyoda, chairman of the Japan Federation of Economic Organizations (Keidanren), announced Monday that he has chosen Takashi Imai, president of Nippon Steel Corp., to succeed him at the helm of the nation's largest business organization.The announcement was made at a regular meeting of Keidanren's...
JAPAN
Jan 12, 1998
Blair kicks off UK98
British Prime Minister Tony Blair proclaimed a future of improved ties between Japan and Great Britain in a speech Monday at the British Embassy in Tokyo.The speech marked the official opening of Festival UK98, a series of events promoting British culture among Japanese. Blair called UK98 "a celebration...
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...
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.
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.
Corporate donations remain sticky point in political reform talks
Prime Minister Shigeru Ishiba addresses a meeting at the Liberal Democratic Party headquarters on Thursday to discuss political reform.
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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