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October 12, 2024
 

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BUSINESS
May 19, 2000

U.S. group takes over Kofuku Bank

OSAKA -- The Financial Reconstruction Commission on Thursday approved the sale of the nationalized Kofuku Bank to U.S.-based WL Ross & Co. LLC, which signed a basic agreement with the government-backed Deposit Insurance Corp.
BUSINESS
May 19, 2000

Electronics firms emerging from the red

Helped by restructuring efforts and the recovering semiconductor sector, Japan's major electronic appliance and computer chip manufacturers have reported earnings improvements for the past business year.
JAPAN
May 19, 2000

Coalition agrees to hold general election June 25

The Lower House election will be held on June 25 and campaigning will officially start on June 13, leaders of the three ruling parties confirmed Thursday.
BUSINESS
May 19, 2000

GMO-free trade opens

The Tokyo Grain Exchange launched futures trading Thursday in U.S. soybeans containing no genetically modified organisms, making it the world's pioneer in GMO-free grain futures trading.
BUSINESS
May 19, 2000

Firms agree to tie up on real estate

The planned Mizuho Financial Group will team up with real estate giant Mitsui Fudosan Co. in securitizing their real estate holdings, officials close to the deal said Thursday.
JAPAN
May 19, 2000

New law targets stalkers with prison time or fine

The House of Representatives on Thursday passed and enacted an anti-stalking bill that incorporates maximum punishments of one-year imprisonment or a fine of 1 million yen.
COMMENTARY
May 19, 2000

The right leader for Japan?

Former Prime Minister Keizo Obuchi died last Sunday, 42 days after suffering a stroke and falling into a coma. He was 62.
COMMENTARY / World
May 19, 2000

Populist bloc sends UMNO strong message

KUALA LUMPUR-- Delegates to the recently-concluded triennial elections of Malaysia's top political party have voted according to their conscience, sending a strong signal to party president, Prime Minister Mahathir Mohamad, that they prefer their leaders who can reach out to the grassroots of the politically-dominant...
BUSINESS
May 19, 2000

Will volatility mean long slump, bargains?

The Tokyo stock market has been on a roller-coaster ride in recent weeks, keeping market participants guessing on whether the volatility is the beginning of a lasting decline.
JAPAN
May 19, 2000

Summit elates Osaka's Okinawans

OSAKA -- Osaka lost the bid for the 2000 Group of Eight summit to Okinawa, shocking and disappointing many local business and political leaders who had believed their city was the clear favorite.
JAPAN
May 19, 2000

Report blames adults for kids' problems

Teachers and other adults must take countermeasures at an early stage and deal with problems as a group to tackle "classroom collapse," according to an Education Ministry report released Thursday.
EDITORIALS
May 18, 2000

Digital exterminators

The year rang in with the threat of a computer meltdown — the Y2K bug — but it proved to be more hype than horror. Yet having weathered that digital storm, the world has faced a succession of bugs and viruses that have done real damage to both computer systems and confidence in the network economy....
JAPAN
May 18, 2000

First woman to conquer Everest claims May '75 feat was unintended

A Japanese housewife who made climbing history May 16, 1975 by becoming the first woman to conquer the world's tallest peak says her achievement was unintended.
JAPAN
May 18, 2000

Ministry to enhance law covering forgery

The Justice Ministry is considering drafting a bill that would criminalize the possession of forged prepaid cards and gift certificates, according to ministry officials.
JAPAN
May 18, 2000

Diet enacts law to keep abusive parents from kids

A law banning abusive parents from meeting or corresponding with their children was enacted by the Diet on Wednesday.
COMMENTARY
May 18, 2000

Hypocrisy is the only standard

When white Europeans are dying, the Clinton administration acts. When black Africans are dying, Washington talks. Such is the hypocritical cynicism that passes for U.S. foreign policy today.
JAPAN
May 18, 2000

Lawyers' group offers plan to democratize legal system

A requirement that judges work as lawyers before sitting on the bench and the introduction of a jury system are necessary to forge a more democratic judicial system, the chairman of the Japan Federation of Bar Associations (Nichibenren) said Wednesday.
JAPAN
May 18, 2000

Greenpeace complains over seizure of data

Greenpeace Japan has filed a legal complaint with the Tokyo District Court demanding that police return documents seized during an investigation into the environmentalist group's recent protest over dioxin pollution, members said.
JAPAN
May 18, 2000

Crime victims need your help, police ranks told

National Police Agency chief Setsuo Tanaka told a gathering of officers Wednesday to better support the victims of crime.
JAPAN
May 18, 2000

Pyongyang postpones talks on normalizing Tokyo ties

Prime Minister Yoshiro Mori confirmed Wednesday that normalization talks between Japan and North Korea scheduled to start Tuesday in Tokyo have been postponed.
JAPAN
May 18, 2000

Emperor meets Russian patriarch

The Emperor met with visiting Russian Patriarch Alexiy II, head of the Russian Orthodox Church, on Wednesday at the Imperial Palace in Tokyo, the Imperial Household Agency said.
BUSINESS
May 18, 2000

Classes help individuals learn about stock market

With the devastatingly low interest rate available on deposits and the prospect of the introduction in Japan of U.S. 401(k)-style pension plans, more people are studying stock market investment.
BUSINESS
May 18, 2000

Sumitomo swings into black

Trading house Sumitomo Corp. said Wednesday that its 1999 group business swung into the black for the first time in two years, posting a consolidated net profit of 26.05 billion yen.
BUSINESS
May 18, 2000

NTT, builders plan Net-based procurement

Three major building contractors and NTT Data Corp. have agreed in principle to set up, possibly by the end of the year, an Internet market for the procurement of construction materials and machinery, officials close to the talks said Wednesday.
JAPAN
May 18, 2000

Mori apologizes for remark

Prime Minister Yoshiro Mori apologized before the Diet on Wednesday for having invited a barrage of criticism by saying earlier this week that Japan is a "divine nation centering on the Emperor," but he refused to retract the remark.
BUSINESS
May 18, 2000

Corporate bankruptcies rose 34% year-on-year in April

Corporate bankruptcies surged 34 percent in April from a year before to 1,562, the second-largest figure for the month since the asset-inflated bubble economy burst in the early 1990s, a private credit research institution said Wednesday.
COMMENTARY / World
May 18, 2000

Ambivalence, hope greet Korean summit

YANJI, China -- When Eun-byol crossed the Tumen River from North Korea into China three years ago, she was nearly bald from malnutrition after subsisting on a diet of grass and bark mixed with an occasional spoonful of rice.
BUSINESS
May 18, 2000

Extra budget depends on GDP figures

The government will decide whether to compile a large-scale auxiliary budget for fiscal 2000 after examining gross domestic product figures for the April-June quarter, Finance Minister Kiichi Miyazawa said Wednesday.
Nihon Hidankyo awarded Nobel Peace Prize for efforts to achieve nuclear-free world
Toshiyuki Mimaki, the co-chair of Nihon Hidankyo, speaks at an event held in November at United Nations headquarters in New York on the sidelines of the second meeting of state parties to the Treaty on the Prohibition of Nuclear Weapons.
Ban on dual nationality is constitutional, Fukuoka High Court rules
Yuri Kondo (center), who filed a lawsuit challenging the constitutionality of Japan's ban on dual nationality, speaks at a news conference in the city of Fukuoka in December 2023.
17-year-old girl found dead in Osaka hotel room was strangled
A security camera footage shows a 17-year-old girl and a man entering a hotel in the city of Osaka on Saturday. She was found dead in the hotel room several hours later.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Long-time 'Doraemon' voice actor Nobuyo Oyama dies at 90
Nobuyo Oyama
Bank of Japan vows better messaging to avoid more market turmoil
The Bank of Japan's surprise rate increase on July 31 led to Japanese stocks plummeting into bear-market territory, with the benchmark 225-issue Nikkei average falling 12.4% on Aug. 5 alone.
Peter Barakan’s Live Magic! takes its final bow
Annual festival Peter Barakan’s Live Magic! was born a decade ago when Barakan (left) decided to create a platform to share his love of roots music, which he attributes to growing up in 1960s England.
Spate of sumo tour dropouts highlights need to rethink wrestlers' health
Shonannoumi hits the dirt at the hands of Kotozakura during a bout in Tokyo in May. Shonannoumi is among the many top wrestlers who have dropped out of this month's regional tour due to injury.
Japan pushes fossil fuel tech in Asia carbon neutrality initiative
Coal-fired power plants in Bataan, the Philippines, in June 2023. A third of the 158 agreements signed under the Japan-led Asia Zero Emission Community are linked to fossil fuel technologies, a recent study by a climate research group has found.
The forgotten Japanese naturalist who created a U.S. national park
Without Japanese outdoorsman George Masa, America might not have the Great Smoky Mountains National Park — so why do so many people in Japan not know he existed?

Podcast

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

Longform

Capsule hotels were created as a way to deal with the amount of overwork employees tend to do in Japan. Can't commute home? Then spend the night in an tiny, affordable sleeping space.
Japan wakes up to the market for a proper sleep
By Alex K.T. Martin

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