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JAPAN
Mar 20, 1998

Lower House approves 78 trillion yen budget

The 77.67 trillion yen fiscal 1998 state budget cleared the Lower House late March 20 and moved on to the Upper House with no amendments, allowing Prime Minister Ryutaro Hashimoto to clear a major political hurdle.
JAPAN
Mar 20, 1998

Anniversary of subway nerve gas attack observed

Memorial events were held March 20 to mark the third anniversary of the deadly Tokyo subway nerve gas attack, which key members of Aum Shinrikyo have been accused of carrying out.
JAPAN
Mar 20, 1998

Shinto Heiwa, LDP forging ties

Shinto Heiwa (New Peace Party) and the Liberal Democratic Party agreed March 20 to open discussions next week on realizing Shinto Heiwa's demand for budgetary measures for social welfare issues.
JAPAN
Mar 20, 1998

Aum Three Years Later: Victims struggle for redress

Last of three parts
JAPAN
Mar 20, 1998

Insurers mull solvency margin disclosures

The life insurance industry is considering disclosing the solvency margin of each firm for this fiscal year's closing of accounts, Yuzuru Fujita, chairman of the Life Insurance Association of Japan, said March 20.
JAPAN
Mar 20, 1998

'Layman' stands behind BOJ chief

Sakuya Fujiwara, the Bank of Japan's new senior deputy governor, said he wants to contribute to the central bank from his unique position as a "layman who does not know the theory and practice" of financial issues.
JAPAN
Mar 20, 1998

SESC seeks punishment for Nikko over illicit profits

The Securities and Exchange Surveillance Commission called on the finance minister March 20 to take administrative action against Nikko Securities Co. for allegedly violating the Securities and Exchange Law and a ministry ordinance.
JAPAN
Mar 20, 1998

Hayami takes helm of Bank of Japan

Masaru Hayami took the helm as governor of the trouble-stricken Bank of Japan on March 20, emphasizing the need for the central bank to protect its independence and ensure transparency in policymaking as the revised BOJ Law takes effect April 1.
JAPAN
Mar 20, 1998

Transport considers cut in airport landing fees

Transport Minister Takao Fujii said March 20 that the ministry will examine the possibility of reducing airport landing fees so Japanese carriers can compete fairly with foreign airlines.
JAPAN
Mar 19, 1998

Hashimoto urges Indonesia to be flexible in IMF talks

Prime Minister Ryutaro Hashimoto told visiting Indonesian Vice President Bacharuddin Jusuf Habibie on March 19 that he hopes Indonesia will take a flexible attitude toward important economic reform negotiations now under way with the International Monetary Fund, Foreign Ministry officials said.
JAPAN
Mar 19, 1998

February trade surplus up 89% as exports log 11th straight rise

The nation's customs-cleared trade surplus for the month of February grew 88.7 percent from the same month of last year, reaching 1.28 trillion yen, provisional figures released March 19 showed.
JAPAN
Mar 19, 1998

Domestic auto demand likely to increase 7%, JAMA says

Despite the faltering economy, domestic demand in the auto market is likely to increase by 7 percent in the 1998 business year over the current business year to March 31, the Japan Automobile Manufacturers Association announced March 19.
JAPAN
Mar 19, 1998

Diet passes bill to give corporate status to NPOs

The Diet passed a revised bill March 19 that will give corporate status to volunteer and other citizens' groups for the first time by recognizing them as official nonprofit organizations.
JAPAN
Mar 19, 1998

Deregulation steps to end power firms' monopoly

The government announced March 19 that it plans to end utilities' monopoly on electric power generation and lift a ban on cheaper air fares as part of its fiscal 1998-2000 deregulation program.
JAPAN
Mar 19, 1998

Matsumoto families settle for 510 million yen

Families affected by the Matsumoto sarin attack, allegedly perpetrated by Aum Shinrikyo in June 1994, have decided to accept 510 million yen in damages in their civil suit against the cult, informed sources said March 19.
JAPAN
Mar 19, 1998

GE Capital receives insurance license

The Finance Ministry on March 19 issued an operating license to GE Capital Edison Life Insurance Co., a new insurer to be set up jointly by Toho Mutual Life Insurance Co. and leading U.S. nonbank financial firm GE Capital Services Inc.
JAPAN
Mar 19, 1998

Reporter dogs cultists' trials

For more than eight years, freelance journalist Shoko Egawa has devoted her time and energy to reporting on Aum Shinrikyo, driven by regret that she could not keep her friend, lawyer Tsutsumi Sakamoto, and his family from being murdered.
JAPAN
Mar 19, 1998

Aum Three Years Later: Cult seen on steady path to rebirth

Second of three parts
JAPAN
Mar 19, 1998

DDI, Teleglobe to join on international services

DDI Corp., and Teleglobe Japan Inc., an affiliate of Montreal-based Teleglobe International Inc., jointly announced March 19 that they have signed an agreement in principle for international connections to offer inexpensive international telephone service, starting from October.
JAPAN
Mar 19, 1998

Finance official arrested in stimulants bust

A public corporation official on loan from the scandal-hit Finance Ministry and a high school teacher are among a group of five men arrested on suspicion of buying and possessing amphetamine stimulants, police said March 19.
JAPAN
Mar 19, 1998

Habibie says Indonesia mulling basket for rupiah

Jusuf Habibie, Indonesia's new vice president, said March 19 that his country is mulling a currency basket for its battered rupiah, according to officials of the Japan Federation of Economic Organizations (Keidanren).
JAPAN
Mar 19, 1998

Permanent tax cuts urged by JCCI

The government should make permanent income and residential taxes cuts to shore up the nation's economy, the head of the Japan Chamber of Commerce and Industry said March 19.
JAPAN
Mar 18, 1998

Metropolitan parties oppose rise in Tokyo service costs

Members of the Liberal Democratic Party, Komei and the Democratic Party of Japan in the Tokyo Metropolitan Assembly said March 18 that they will jointly oppose most ordinance bills submitted by the governor to raise charges for government facilities and services, including one for garbage collection...
JAPAN
Mar 18, 1998

Corporate pace-setters trim spring pay raises

Reflecting the nation's continuing economic weakness, pace-setting major firms in the auto, electronics, shipbuilding and heavy machinery sectors on March 18 offered wage hikes smaller than those given last year to their labor unions.
JAPAN
Mar 18, 1998

Ministry to probe banks' lending levels

The Finance Ministry said March 18 that it will conduct a hearing on banks to determine the extent to which they have eased their stringent stance on lending.
JAPAN
Mar 18, 1998

Japan plans to stage cultural week in Tehran

Staff writer
JAPAN
Mar 18, 1998

BOJ mulled tightening, easing monetary policy in February

The Bank of Japan in February considered both easing and tightening its monetary policy to help boost the ailing economy, according to minutes of the BOJ's Monetary Policy Meeting released March 18.
JAPAN
Mar 18, 1998

Aum Three Years Later: Sarin plant haunts Kamikuishiki

First of three parts
JAPAN
Mar 18, 1998

Ex-gangster held for sale of stimulants

A former senior gang member has been arrested for allegedly selling about 50 kg of stimulant drugs with a street value of 1.5 billion yen to the head of an underworld group in Tokyo, police said March 18.
JAPAN
Mar 18, 1998

Matsushita, Sunny launch TV recycling experiment

OSAKA -- Matsushita Electric Industrial Co. and Sunny Metal Corp. started up operations March 18 at an experimental facility to study a television recycling system in Konohana Ward here.

Longform

Dul Saroth (left) and Soeum Samrach, deminers with the Cambodian Mine Action and Victim Assistance Authority, practice using the Advanced Landmine Imaging System in Cambodia’s Siem Reap province in August.
The Japanese tech that could one day make Southeast Asia landmine-free