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JAPAN
Mar 17, 1998

U.S., Europe asked to avoid protectionist measures

Staff writer
JAPAN
Mar 17, 1998

State grills bank industry official who advised Yamaichi

Nobuhiko Matsuno, 59, vice chairman of the Regional Banks Association of Japan, was questioned by prosecutors about Yamaichi Securities Co. seeking his counseling when he headed the Finance Ministry's Securities Bureau in 1991, informed sources said March 17.
JAPAN
Mar 17, 1998

Ford Japan names Honda veteran new president

Ltd., a wholly owned subsidiary of Ford Motor Co., announced March 17 that Eiji Iwakuni, 55, will become the new president of Ford Japan, to replace Konen Suzuki, beginning April 1. "The company will introduce a series of strong new products next year," Suzuki said. "We concluded that new talent should...
JAPAN
Mar 17, 1998

THANKS! Refugee fund presents money to relief groups

The 1997 Japan Times Readers' Refugees Aid Fund presented 6,393,000 yen to seven relief organizations March 17 to help finance projects for African and Asian refugees.
JAPAN
Mar 17, 1998

BOJ economic report gets gloomier

The economy not only remains stagnant but faces increasing downward pressures, the Bank of Japan said March 17 in a report more pessimistic than its last.
JAPAN
Mar 17, 1998

January industrial output rises 2.9%

Industrial output in January rose 2.9 percent from the previous month, remaining unchanged from the preliminary figure, the Ministry of International Trade and Industry said in a report released March 17.
JAPAN
Mar 17, 1998

Bank execs not feeling the pay pinch

Most of the 21 banks that have qualified for an injection of public funds, including the 17 approved by the Cabinet on March 17, plan to pay their executives 20 million yen or more a year.
JAPAN
Mar 17, 1998

Yamaichi execs enter pleas over 'sokaiya' payoffs

Two former employees of collapsed Yamaichi Securities Co., one a senior managing director, on March 17 admitted to charges of conspiring to make illegal payoffs, while another former senior managing director pleaded not guilty.
JAPAN
Mar 17, 1998

1.4 trillion yen in public funds allocated to 17 banks

The Cabinet on March 17 approved a 1.42 trillion yen injection of public funds into 17 major banks ahead of the March 31 end of the fiscal year.
JAPAN
Mar 17, 1998

Upper House panel backs soccer lottery bill

A revised version of the soccer lottery bill was approved March 17 by an Upper House panel, bringing the lucrative but controversial sports promotion legislation one step closer to enactment.
JAPAN
Mar 17, 1998

Obuchi to visit Seoul on weekend

Foreign Minister Keizo Obuchi said March 17 that he will probably visit Seoul on March 21 and March 22 to meet with his South Korean counterpart, Park Jung Soo.
JAPAN
Mar 17, 1998

JAL's president, chairman to resign in June

Akira Kondo, president of Japan Airlines Co., and Susumu Yamaji, JAL's chairman, will step down in June to take responsibility for the carrier's poor performance, it was announced March 17.
JAPAN
Mar 17, 1998

BOJ resignations to 'settle things'

The resignations of Bank of Japan Gov. Yasuo Matsushita and his deputy are sufficient to allow the central bank a fresh start following the arrest of a BOJ official on suspicion of accepting bribes from major banks, Matsushita said March 17.
JAPAN
Mar 16, 1998

Minyuren panel works to write up new DPJ's platform

The new Democratic Party of Japan will outline its ideals, policies and other key aspects by March 25, the Minyuren preparatory committee said March 16.
JAPAN
Mar 16, 1998

Kansai firms to offer cable-based Internet service

OSAKA -- Kansai Electric Power Co., Matsushita Electric Industrial Co. and 16 other firms will set up a company to provide Internet service using cable TV networks in the Kansai region, it was announced here March 16.
JAPAN
Mar 16, 1998

Seoul's Park, Obuchi seeking talks

Park Jung Soo, South Korean foreign and trade minister, and Foreign Minister Keizo Obuchi agreed March 16 to hold their first meeting as early as possible, ministry officials said.
JAPAN
Mar 16, 1998

Hashimoto's LDP foes quiet down

The Liberal Democratic Party's own critics of Prime Minister Ryutaro Hashimoto and his party leadership seem to be laying down their arms.
JAPAN
Mar 16, 1998

Beijing meeting to focus on friendliness to environment

Japanese and Chinese environment researchers and engineers will hold a meeting later this month in Beijing to discuss a joint plan to designate some cities in China to conduct intensive research on creating environment friendly cities, Chief Cabinet Secretary Kanezo Muraoka said March 16.
JAPAN
Mar 16, 1998

Hayami to head BOJ; ex-reporter named vice governor

Masaru Hayami, former head of the Japan Association of Corporate Executives (Keizai Doyukai), will assume the post of governor of the Bank of Japan, replacing Yasuo Matsushita, Chief Cabinet Kanezo Muraoka said March 16 evening.
JAPAN
Mar 16, 1998

Finance Ministry agrees that 0.1% GDP rise is long shot for '97

Vice Finance Minister Koji Tanami said March 16 he agreed with the Economic Planning Agency's view that it would be "quite difficult" for the nation's economy to achieve 0.1 percent growth for the current fiscal year.
JAPAN
Mar 16, 1998

Mazda leader looking to revitalize dealerships, sales

Staff writer
JAPAN
Mar 16, 1998

Big Business urges major push for administrative reform

Leaders of Japan's five major business organizations called for greater government efforts March 16 to seek Diet approval of planned legislation for administrative reform.
JAPAN
Mar 16, 1998

Defense Agency takes delivery of biggest submarine

KOBE -- The nation's largest submarine, completed just recently at a shipyard in the area here, was officially handed over March 16 to the Defense Agency.
JAPAN
Mar 16, 1998

ANA applies to start up new China service

All Nippon Airways Co. applied March 16 to the Transport Ministry for approval to begin three new flights a week between Osaka and Tianjin, China.
JAPAN
Mar 13, 1998

Economy shrinks 0.7% as recession approaches

Japan's economy shrank an annualized 0.7 percent in real terms for the October-December quarter, compared with July-September, bringing the growth rate for calendar 1997 to a scant 0.9 percent, the Economic Planning Agency said March 13.
JAPAN
Mar 13, 1998

Sanwa President Saeki resigns from BOJ advising job

Naotaka Saeki, president of Sanwa Bank, resigned as a counselor to the Bank of Japan on March 13.
JAPAN
Mar 13, 1998

Suu Kyi activists stage protest march through Tokyo

About 70 Myanmarese activists and their supporters marched through central Tokyo on March 13 to protest the Japanese government's recent decision to resume yen loans to Myanmar's military regime.
JAPAN
Mar 13, 1998

BOJ leaves discount rate unchanged

The Bank of Japan said March 13 it will leave its ultra-easy monetary policy and the 0.5 percent official discount rate unchanged.
JAPAN
Mar 13, 1998

Japan pledges effort to submit bilateral defense bills to Diet

Japan assured the United States on March 13 that it will do its utmost to submit legislation regarding new guidelines for bilateral defense cooperation to the current Diet session.
JAPAN
Mar 13, 1998

Cabinet approves bill to widen SDF defensive fire

The Cabinet approved a bill March 13 to revise the law governing Japan's participation in United Nations peacekeeping operations to allow military commanders to order defensive fire.

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