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JAPAN
Jan 20, 1998

Hashimoto pushes plan to aid banks with public funds

Prime Minister Ryutaro Hashimoto said Tuesday that the government's proposal to use public funds to inject fresh capital into banks would not run counter to its "Big Bang" reform efforts nor signal a return to the "convoy system" of financial sector protection.Speaking before a plenary session of the...
JAPAN
Jan 20, 1998

Ushio urges businesses to curtail wining, dining expenses

The business sector should try to cap its social expenses to sharply reduce the amount spent on wining and dining, Jiro Ushio, chairman of the Japan Association of Corporate Executives (Keizai Doyukai), said Tuesday.Ushio's remarks come after police arrested former executives of Nomura Securities Co....
JAPAN
Jan 20, 1998

Nation sees mercury dip to lowest temperatures of season

Various parts of the nation registered their lowest temperatures for the season Tuesday as the archipelago was enveloped by a typical winter atmospheric pressure pattern.Tuesday was also designated on the lunar calendar as the coldest day of the year, known as Taikan, which literally translates as "big...
JAPAN
Jan 20, 1998

Economy remains stagnant: BOJ

The economy "remains stagnant," the Bank of Japan said Tuesday in an even less optimistic view than it had in December, when the bank said economic growth had stalled.In its monthly economic review for January, the BOJ said sluggish domestic demand has had a negative impact on production, employment...
JAPAN
Jan 20, 1998

Hashimoto hints at new type of bond to finance construction

Prime Minister Ryutaro Hashimoto hinted Tuesday that he would consider the possibility of issuing a new type of government bond to finance a wider range of projects than traditional construction bonds.Speaking before the Lower House Budget Committee, Hashimoto expressed interest in a bond with a shorter...
JAPAN
Jan 20, 1998

Teikyo rugby players held in gang rape

Five members of Teikyo University's rugby team were arrested Tuesday on suspicion of raping a woman in a karaoke booth in Tokyo's Chuo Ward last November, police said.About 10 team members and others were present when the alleged rape took place, and investigators from the Metropolitan Police Department...
JAPAN
Jan 20, 1998

Russia's small firms urge Japan to continue support

Japan's cooperation in helping Russia nurture its small and midsize businesses is important to improving overall relations between the two countries, said Irina Hakamada, chairwoman of the Russian State Committee for Support of Small Business, on Tuesday.In a meeting with Foreign Minister Keizo Obuchi,...
JAPAN
Jan 20, 1998

SDP gives up drive to accelerate ban on political donations

After several months of discussions, the Social Democratic Party on Tuesday gave up efforts to persuade the ruling Liberal Democratic Party to implement ahead of schedule a ban on corporate and group donations to individual politicians.The proposed ban is to take effect in 2000 under the political funds...
JAPAN
Jan 20, 1998

Banks, brokers lavished millions of yen on highway director

A Japan Highway Public Corp. director was entertained by some 10 banks and securities companies, including Nomura Securites Co., to the tune of about 10 million yen, it was learned Tuesday from statements made by those involved.Tekehiko Isaka, 54, was allegedly entertained by the firms over a 2 1/2 year...
JAPAN
Jan 20, 1998

Seoul wants to continue talks on fishery pact

South Korea does not want a bilateral fisheries pact with Japan to be scrapped by the Japanese government, and the two governments should continue negotiations for a new pact with the current one intact, South Korean official Kim Yoon Hwan told Foreign Minister Keizo Obuchi on Tuesday.Obuchi explained...
JAPAN
Jan 20, 1998

Foley urges Japanese government to open markets

U.S. Ambassador Thomas Foley on Tuesday urged the Japanese government to implement further deregulation, saying such measures will open its markets to trading partners and also help strengthen the Japanese economy."My government urges Japan to deregulate because we see Japanese regulations as forestalling...
JAPAN
Jan 20, 1998

Japan, U.S. establish new defense mechanism

Japan and the United States on Tuesday launched a comprehensive mechanism for bilateral defense planning and the establishment of common standards and procedures to strengthen security ties.The decision, made in line with defense cooperation guidelines adopted last year, was officially declared at a...
JAPAN
Jan 19, 1998

Shochiku president, son ousted

In a corporate coup d'etat, the board of directors at film and theater giant Shochiku Co. removed President Toru Okuyama and his son, Kazuyoshi, a senior managing director, from their posts Monday.Shochiku, Japan's pioneer film company, known for its "Tora-san" series, decided to name Senior Managing...
JAPAN
Jan 19, 1998

University allows chemistry prodigies an early start

Chiba University on Monday allowed three second-year high school students with high marks in chemistry to skip their senior year and enter college this spring, becoming the first university to do so, officials said.Seiji Kajita, 17, of Fukuoka, Kazutoshi Sato, 16, of Chiba, and another 17-year-old Fukuoka...
JAPAN
Jan 19, 1998

Hashimoto gets testy over calls to resign

Prime Minister Ryutaro Hashimoto told a Diet committee Monday that he would resign as prime minister immediately if it would help change the gloomy economic climate hanging over the nation."But things are not that easy," Hashimoto said angrily, in reply to a demand from an opposition lawmaker that Hashimoto...
JAPAN
Jan 19, 1998

Government to take closer look at 'Amakudari'

The government will launch a drastic review of "amakudari," the practice in which bureaucrats retire early and take key positions in industries previously under their jurisdiction, in an effort to prevent further corruption, Chief Cabinet Secretary Kanezo Muraoka said Monday.Prime Minister Ryutaro Hashimoto...
JAPAN
Jan 19, 1998

Fuji to apply to build cars in China

Fuji Heavy Industries Ltd. will apply to Chinese authorities this year for a license to produce cars jointly with China Guizhou Aviation Industry Corp., the president of the Japanese automaker said Monday.The company also announced that it will provide support for German automaker Porsche AG in Japan...
JAPAN
Jan 19, 1998

Columbia seeks to build up trade, investment

Columbia is aiming to strengthen trade and investment relations with Japan and improve its own industrial infrastructure to encourage investment, Columbian Foreign Minister Maria Mejia told Foreign Minister Keizo Obuchi on Monday, ministry officials said.Obuchi welcomed Columbia's efforts to improve...
JAPAN
Jan 19, 1998

Hong Kong trade official seeks to allay avian flu fears

Asserting that the high-risk period for avian flu has passed, a Hong Kong trade official Monday sought to alleviate Japanese tourists' concerns about the disease that has killed six people so far in the former British colony."Hong Kong is a very safe place to visit. There is no need for restrictions...
JAPAN
Jan 19, 1998

Finance Ministry considering new penalties for Nomura

The Ministry of Finance has begun studying whether new administrative penalties can be imposed on Nomura Securities Co. in connection with a bribery scandal that led to the arrest of two of its former executives, ministry sources said Monday.The ministry will look into whether the giant brokerage, rather...
JAPAN
Jan 19, 1998

Banks under pressure to cut salaries

Several Cabinet members said Monday that banks should be urged to lower their salary levels, known to be considerably higher than those at firms in other industries, at a time when the government is preparing to use public money to handle the banking crisis.According to Chief Cabinet Secretary Kanezo...
JAPAN
Jan 16, 1998

BOJ keeps hands off discount rate

The Bank of Japan held its first Monetary Policy Meeting under new antisecrecy rules Friday and immediately announced that the Policy Board unanimously decided to leave monetary policy and the 0.5 percent official discount rate unchanged.The new format, adopted in advance of the April enforcement of...
JAPAN
Jan 16, 1998

Hashimoto restates dedication to stability, tax cuts

Prime Minister Ryutaro Hashimoto on Friday stressed the need to deliver on government pledges to implement a 2 trillion yen pump-priming tax cut and to pass financial stabilization measures.Speaking before the House of Representatives Budget Committee, Hashimoto noted that markets have already responded...
JAPAN
Jan 16, 1998

Nikkei average leaps on expectation of stimulus measures

The Nikkei average recorded its second biggest jump ever Friday thanks to growing expectations that the government and the ruling Liberal Democratic Party are shifting policies to save the economy and the stock market.The 225-issue Nikkei average soared 924.47 points, or 6.1 percent, to end the postholiday...
JAPAN
Jan 16, 1998

MPD cop allegedly helped halt Daiwa investigation

An Metropolitan Police Department officer arrested this week on suspicion of taking bribes from Daiwa Securities Co. was asked by the brokerage to help halt a 1993 investigation into the firm, police and prosecution sources alleged Friday.It is possible the MPD's investigation targeting an employee at...
JAPAN
Jan 16, 1998

Remove laws to improve competitiveness, ACCJ head urges

Japan should abolish -- rather than ease -- a number of existing regulations if it wants to become more competitive and support a positive economic situation, Glen S. Fukushima, the new president of the American Chamber of Commerce in Japan, said Friday."Although 'deregulation' is often translated into...
JAPAN
Jan 16, 1998

Tokyo starts recovering from snow

Road, railway and air transportation in Tokyo returned to near normal Friday, with only a few delays and minor trouble remaining after the season's heaviest snow paralyzed traffic the day before.Police attributed three deaths and 400 injuries in the capital and its eight neighboring prefectures during...
JAPAN
Jan 16, 1998

Kids got less for New Year's

The average amount Tokyo children received for New Year's dropped by 203 yen to 27,365 yen this year, a possible reflection of the sluggish economy and the first decline in six years, according to a survey released Friday by Dai-Ichi Kangyo Bank.Still, the amount was more than 28 times the children's...
JAPAN
Jan 16, 1998

A dozen wives from North Korea ready to visit

The government announced on Friday that 12 Japanese women have been chosen for the second homecoming trip of women who emigrated to North Korea some 40 years ago. Their visit will begin Jan. 27.The women, who live in North Korea with their Korean spouses, will depart Pyongyang and arrive in Tokyo Jan....
JAPAN
Jan 16, 1998

Hashimoto vows LDP will take Upper House majority

Prime Minister Ryutaro Hashimoto expressed firm determination Friday to have the ruling Liberal Democratic Party recover a majority in the House of Councilors in the election scheduled for July."We should secure a majority in the Upper House to make it possible for us to take swift measures at a time...
Sure, Tokyo’s trains are amazing. But are they ruining your trip?
Walking through Tokyo's varied neighborhoods and the sub-communities within them can be the best way for a tourist, even one with limited time, to take the city in.
Ishiba says LDP will not endorse some 'slush fund' lawmakers in general election
Prime Minister Shigeru Ishiba speaks to reporters in Tokyo on Saturday.
Important tool or alarmism? Japan experts split on megaquake advisories.
A damaged road in Wajima, Ishikawa Prefecture, on Jan. 6, after a major earthquake struck the area on New Year's Day
Tokyo passes nation's first customer harassment ordinance
Tokyo Gov. Yuriko Koike speaks to a reporter on Sept. 27. Aggressive acts toward front-line workers, dubbed "customer harassment," have become a growing problem.
Ohtani magic powers Dodgers over Padres in MLB playoff thriller
Dodgers designated hitter Shohei Ohtani celebrates after blasting a homer to right field in the second inning of Los Angeles' Game 1 victory over the Padres on Saturday.
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.
Important tool or alarmism? Japan experts split on megaquake advisories.
A damaged road in Wajima, Ishikawa Prefecture, on Jan. 6, after a major earthquake struck the area on New Year's Day
The Japanese tech that could one day make Southeast Asia landmine-free
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.
At Tokyo Game Show 2024, nostalgia was king
As is the trend in movies and TV, the games with the biggest budgets at Tokyo Game Show 2024 were by and large remakes and remasters.
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

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
By Anton L. Delgado

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