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JAPAN
Mar 27, 1998

3 billion yen in emergency aid granted to Indonesia

The government will extend a 3 billion yen emergency humanitarian grant to Indonesia, Foreign Minister Keizo Obuchi said March 27.
JAPAN
Mar 27, 1998

The Asahara Trial: Cultist says he buried VX to stop attacks

Former Aum Shinrikyo fugitive Yasuo Hayashi testified March 27 that he volunteered in April 1995 to bury deadly VX nerve gas produced by the cult so it would not be used in a terrorist attack.
JAPAN
Mar 27, 1998

Displaced brokers embark on uncertain career paths

Early this month, a 55-year-old manager at the failed Yamaichi Securities Co. had a job interview with Merrill Lynch, a major U.S. brokerage that has launched a new campaign to penetrate the Japanese market.
JAPAN
Mar 27, 1998

BOJ sets up legal compliance panel

The corruption-plagued Bank of Japan has set up an in-house committee to discuss matters concerning legal compliance by its officials, the central bank said March 27.
JAPAN
Mar 27, 1998

Stopgap budget OK'd by Cabinet

With the Upper House still deliberating over the fiscal 1998 state budget, the Cabinet endorsed a stopgap budget March 27 with 7.86 trillion yen in outlays to cover the first 18 days of the new fiscal year, which begins Wednesday.
JAPAN
Mar 27, 1998

Anti-scandal talks to resume as LDP backs off

After a day of confusion, secretaries general of the ruling alliance agreed March 27 that their three parties will resume talks on a newly proposed legislative measure to crack down on influence-peddling.
JAPAN
Mar 27, 1998

Cabinet sends info disclosure bill to Diet

The Cabinet approved a bill March 27 that would require government ministries and agencies to disclose information on their activities at the public's request -- a step toward a more democratized society.
JAPAN
Mar 27, 1998

MMC pushes back market-share target six years

KYOTO -- Mitsubishi Motors Corp. is set on obtaining a 15 percent share in the domestic market by 2006, not 2000 as originally targeted, MMC President Katsuhiko Kawasoe said March 27.
JAPAN
Mar 27, 1998

Nippon Yusen to take over Showa Line

Nippon Yusen K.K., the country's leading maritime transport firm, will merge with Showa Line Ltd. in October, top executives of the two carriers announced March 27.
JAPAN
Mar 26, 1998

Consumers need protection from 'Big Bang,' lawyers say

A financial services law to protect consumers from the impending "Big Bang" financial reform is urgently needed, the Japan Federation of Bar Associations told the Finance Ministry on March 26.
JAPAN
Mar 26, 1998

Tokyo, Moscow make headway in peace treaty talks

Japan and Russia on March 26 increased mutual understanding in their efforts to conclude a bilateral peace treaty at a vice ministerial level meeting in Tokyo, Foreign Ministry officials said.
JAPAN
Mar 26, 1998

Paralympians receive Emperor's Cups

Seven gold medalists from the Nagano Paralympics received Emperor's Cups from Prime Minister Ryutaro Hashimoto in a ceremony at the Prime Minister's Official Residence on March 26.
JAPAN
Mar 26, 1998

Gist of proposed stimulus measures

The following are the key points of the Liberal Democratic Party's stimulus plan:
JAPAN
Mar 26, 1998

BOJ retains easy monetary policy

In its first policy decision under new leadership, the Bank of Japan decided March 26 to maintain its easy monetary policy, including an all-time low official discount rate of 0.5 percent.
JAPAN
Mar 26, 1998

Foreign residents win redress in fingerprint-refusal case

OSAKA -- The Osaka District Court on March 26 ordered three local governments to pay partial damages totaling 570,000 yen to six foreign residents who demanded compensation from the state and seven prefectures after being unjustly arrested and tried for refusing to be fingerprinted under the Alien Registration...
JAPAN
Mar 26, 1998

LDP comes out against coalition's anti-scandal proposal

A rift in the ruling coalition emerged March 26 when a Liberal Democratic Party ethics panel came out against a proposed legislative measure designed to prevent recurrences of money scandals.
JAPAN
Mar 26, 1998

Fujitsu names its next president

Fujitsu Ltd. has named Naoyuki Akikusa, senior managing director, to succeed President Tadashi Sekizawa, it announced March 26.
JAPAN
Mar 26, 1998

Temp service offers scholarships for study overseas

Tempstaff Co. will offer scholarship programs for Japanese students and working women wishing to boost their language ability and international business skills through studying and working abroad.
JAPAN
Mar 26, 1998

Supreme Court rejects appeal by dog owner

The Supreme Court on March 26 upheld lower court rulings prohibiting a Tokyo condominium resident from keeping a dog.
JAPAN
Mar 26, 1998

Ceramics-maker turns bottles into bucks

Sixteenth in a series of occasional articles on venture businesses
JAPAN
Mar 26, 1998

20 bus, railway unions go on strike over wages

Twenty bus and railway company labor unions went on strike early March 26 after unions and management failed to agree on an annual pay hike during ongoing spring labor negotiations.
JAPAN
Mar 26, 1998

Rogue copper trader draws eight-year prison term

Yasuo Hamanaka, a former chief copper trader at Sumitomo Corp., was sentenced to eight years in prison March 26 for fraud and forgery that eventually cost the trading giant some $2.6 billion -- the largest trading loss ever.
JAPAN
Mar 26, 1998

16 trillion yen stimulus plan packed with public works

The ruling Liberal Democratic Party on March 26 proposed the nation's largest-ever economic stimulus package, worth at least 16 trillion yen.
JAPAN
Mar 26, 1998

The Asahara Trial: Cultist says he hoped for post-attack probe

A senior Aum Shinrikyo follower testified March 26 that he had hoped police would launch a full-scale investigation into the cult after the 1994 sarin attack in Matsumoto, Nagano Prefecture, because he believed a probe would have kept the cult from committing further crimes.
JAPAN
Mar 24, 1998

Kume named German ambassador

The government on Tuesday appointed Kunisada Kume, ambassador to Hungary, as ambassador to Germany, succeeding Haruhiko Shibuya.
JAPAN
Mar 24, 1998

Banks adopt U.S.-style disclosure rules

The banking industry federation decided Tuesday that from this fiscal year, all member banks will need to disclose information about their bad loans according to stricter standards, in line with those of the United States.
JAPAN
Mar 24, 1998

Effects of tax cuts are overestimated, Yamasaki insists

and MARI KOSEKI
JAPAN
Mar 24, 1998

Unlicensed liquor dealer loses appeal

The Supreme Court dismissed Tuesday an appeal by a former liquor dealer charged with selling liquor without a license in the early 1980s, in violation of the Liquor Tax Law, and upheld his suspended prison term.
JAPAN
Mar 24, 1998

Ministries to mull more flexible uses for postal savings

Finance Minister Hikaru Matsunaga said Tuesday that the ministry was prepared to begin discussions with the Posts and Telecommunications Ministry on the more flexible use of postal savings to purchase stocks.
JAPAN
Mar 24, 1998

Writer-turned-BOJ exec strikes fresh note

In his efforts to reform the scandal-struck Bank of Japan and reformulate its monetary policy, Sakuya Fujiwara, a former journalist now working as a central banker, intends to maintain his "fieldwork" and reflect public opinion.

Longform

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