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JAPAN
Dec 29, 1997

Nikkei closes at 14,775 -- a new low for the year

The Nikkei average ended trading at 14,775.22 points on Monday, down 27.38 points from Friday and a new closing low for the year.
JAPAN
Dec 29, 1997

Five parties emerging from Shinshinto's ashes

The free-for-all following the breakup of Shinshinto appeared to be giving way Monday to five new parties.
JAPAN
Dec 29, 1997

Prescriptions, bills rising for elderly outpatients

Elderly outpatients are prescribed four kinds of medicine each month, and their monthly payments for such treatment, including injections, comes to about 11,000 yen, according to a medication report published Monday by the Health and Welfare Ministry.
JAPAN
Dec 29, 1997

Brain death definition put under legal lens

The Justice Ministry and prosecution officials are nearing a consensus that brain death should be defined as human death, close sources said Monday.
JAPAN
Dec 26, 1997

Ozawa plans to disband Shinshinto for new party

No. 1 opposition party Shinshinto announced Friday that its Diet members would gather later today to discuss disbanding into two new parties to be launched in early January.
JAPAN
Dec 26, 1997

Worst of financial crisis is over, Finance Minister says

Finance Minister Hiroshi Mitsuzuka expressed full confidence in the nation's financial health Friday, saying that the crisis is over and implementation of the government's stability measures will restore calm to the industry.
JAPAN
Dec 26, 1997

Banks pledge to extend loan repayment period for Seoul

A total of 10 banks pledged to make efforts Friday to secure foreign currency liquidity in South Korea, banking sources said.
JAPAN
Dec 26, 1997

Tokyo avoids disclosure of wining and dining expenses

The Tokyo District Court rejected on Friday a lawsuit seeking to force Gov. Yukio Aoshima and other Tokyo municipal officials to make public all documents on entertainment expenses.
JAPAN
Dec 26, 1997

Another 'tobashi' brokerage found during probe

The result of a Finance Ministry probe released Friday showed that another securities firm has been involved in "tobashi" transactions.
JAPAN
Dec 26, 1997

Automakers' purchases of U.S.-made parts up 5.2%

The total value of U.S.-made auto parts purchased by 11 Japanese automakers in the first half of the 1997 business year rose 5.2 percent from the same period last year to $11.46 billion, an industry association said Friday.
JAPAN
Dec 25, 1997

77.67 trillion yen budget approved for fiscal '98

The Cabinet on Thursday approved the final version of an austere 77.67 trillion yen general account budget for fiscal 1998, up only 0.4 percent from the initial budget for the current fiscal year.
JAPAN
Dec 25, 1997

Slim second budget approved for '98

The Cabinet on Thursday approved the final version of the government's general investment and loan program for fiscal 1998, which accounts for a total 36.66 trillion yen, down 6.8 percent from the current year.
JAPAN
Dec 25, 1997

Nifco buys out overseas partners

Nifco Inc. bought out its two overseas partners in plastic parts ventures and turned them into subsidiaries this week.
JAPAN
Dec 25, 1997

Budgetary highlights

The following are some highlights of the fiscal 1998 state budget approved Thursday:
JAPAN
Dec 25, 1997

Aum gas-attack damages raised to 1.12 billion yen

The court-appointed trustee of the Aum Shinrikyo religious cult agreed Thursday to raise the amount of damages payable to victims of the 1995 Tokyo subway gas attack by 27 million yen.
JAPAN
Dec 25, 1997

Packard Bell NEC to get additional support from parent

NEC Corp. announced Thursday that it will increase its support and control over Packard Bell NEC, Inc. in the United States by providing loans and sending an additional director from NEC.
JAPAN
Dec 25, 1997

Ascii to join CSK group

Ascii Corp., a major game software maker and a publisher of computer magazines, will become part of the group led by major information service firm CSK Corp. by issuing new shares to CSK and game machine giant Sega Enterprises Ltd., the three companies announced Thursday.
JAPAN
Dec 25, 1997

First 1998 Diet session to open January 12

The Cabinet will decide today to convene the 1998 regular Diet session on Jan. 12, a week earlier than originally planned, so deliberations on a supplementary budget for 1997 can start quickly after the New Year's holidays, Chief Cabinet Secretary Kanezo Muraoka said Thursday.
JAPAN
Dec 25, 1997

Minister favors conversion of wards into municipalities

Home Affairs Minister Mitsuhiro Uesugi has expressed support for a plan to convert Tokyo's 23 wards into full-fledged municipal bodies, Tokyo Gov. Yukio Aoshima said Thursday.
JAPAN
Dec 25, 1997

Osaka reveals abuse of 1.33 billion yen in taxpayers' funds

OSAKA -- Osaka Gov. "Knock" Yokoyama formally announced here Thursday that 1.33 billion yen in taxpayers' money was misused by the prefectural government between 1994 and 1997.
JAPAN
Dec 24, 1997

Finance pushes back key banking reform

In a bid to end a cautious trend in bank lending, the Finance Ministry said Wednesday it will essentially push back by one year the planned introduction of stricter capital requirements for banks operating solely in Japan.
JAPAN
Dec 24, 1997

TV Tokyo apologizes to Diet over injurious animation

The president of TV Tokyo apologized Wednesday before the Diet for the bizarre health problems suffered last week by viewers of an animated television program.
JAPAN
Dec 24, 1997

Chubu gets airport funds in '98 budget

Money for the construction of Chubu International Airport in Aichi Prefecture was restored Wednesday to the fiscal 1998 budget during negotiations between the Finance and Transport ministers.
JAPAN
Dec 24, 1997

Koreans file lawsuit over wartime back pay

OSAKA -- Two Koreans employed at a Japanese steel factory during World War II filed a lawsuit with the Osaka District Court Wednesday demanding that the national government and Nippon Steel Corp. pay them the arrears of their wages.
JAPAN
Dec 24, 1997

Nago mayor accepts plan for U.S. heliport

Tetsuya Higa, mayor of Nago, Okinawa Prefecture, said Wednesday his city will accept the government's plan to build a sea-based heliport there for use by the U.S. military.
JAPAN
Dec 24, 1997

Honda plans to increase U.S. auto production

Honda Motor Co. announced on Wednesday that by the end of 2001, it will increase its annual production capacity in the United States and Canada to more than 1 million vehicles from the current level of 790,000 units.
JAPAN
Dec 24, 1997

Water-meter firms found guilty of bid-rigging

The Tokyo High Court on Wednesday found 25 water meter manufacturers and 34 of their employees guilty of rigging bids for Tokyo Metropolitan Government contracts in violation of the Anti-Monopoly Law.
JAPAN
Dec 24, 1997

Extra guarantees sought for Deposit Insurance Corp.

The government should extend additional guarantees of up to 10 trillion yen to Deposit Insurance Corp. to help boost financial institutions' capital and prevent their collapse, the ruling Liberal Democratic Party basically decided Wednesday.
JAPAN
Dec 24, 1997

Fortune names Sony chief Idei as Asia's top executive

U.S. business magazine Fortune has announced that Sony Corp. President Nobuyuki Idei has been chosen as its first Businessman of the Year in Asia.
JAPAN
Dec 24, 1997

Another public funds scheme hatched

Mitsuo Horiuchi, minister for international trade and industry, on Wednesday urged financial authorities to consider using public funds for an investment cooperative that would purchase corporate shares held by banks.

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