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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.
JAPAN
Dec 24, 1997

LDP's Kato suggests regional banks close overseas units

In another attempt to ease the growing credit crunch, Koichi Kato, secretary general of the ruling Liberal Democratic Party, has urged Japan's regional banks to close their international operations and focus on supplying more funds to local companies.
JAPAN
Dec 24, 1997

Large-store law to be scrapped, revised

The government said Wednesday it will scrap the Large-Scale Retail Stores Law law, which restricts operations of large-scale retailers, and implement new rules to protect the surrounding neighborhood when new large retail stores are opened.
JAPAN
Dec 24, 1997

Heroic actor Toshiro Mifune dead at age 77

Actor Toshiro Mifune, who appeared in 16 Akira Kurosawa films, including "Rashomon" in 1950 and "Seven Samurai" in 1954, died Wednesday night at a hospital in Mitaka, Tokyo. He was 77.
JAPAN
Dec 23, 1997

LDP lawmaker resigns from fiscal panel amid allegations

The secretary general of the Liberal Democratic Party's financial stability subcommittee has stepped down from that and another panel amid allegations he profited from Nikko Securities Co. through dubious equity investments made on his behalf, LDP sources said Tuesday.
Funeral held for Princess Yuriko at Tokyo cemetery
Crown Prince Akishino and Crown Princess Kiko, followed by Princess Aiko and Princess Kako, prepare to attend a funeral service for Princess Yuriko at Toshimagaoka Cemetery in Tokyo on Tuesday.
Japan investigating Amazon for allegedly bullying other businesses
Packages move along a conveyor belt at an Amazon warehouse
Trump team weighs direct talks with North Korea's Kim
Then-U.S. President Donald Trump meets with North Korean leader Kim Jong Un at the Demilitarized Zone separating the two Koreas, in Panmunjom, South Korea, in June 2019.
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
Israel-Hezbollah cease-fire, brokered by U.S. and France, takes effect
People near Martyrs Square in Beirut watch as Israeli Prime Minister Benjamin Netanyahu announces a cease-fire on television on Tuesday.
‘What Divides Us’ producer honors grandfather’s Hiroshima reportage
“What Divides Us" producer Cannon Hersey says his grandfather, who wrote about the aftermath of nuclear destruction in Hiroshima, never spoke about what he had seen while working with Japanese minister Kiyoshi Tanimoto to preserve the stories of survivors.
DPP’s Tamaki leverages new position with energy proposal
DPP leader Yuichiro Tamaki in Tokyo on Tuesday
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
China defense minister being investigated for corruption, report says
Chinese Defense Minister Dong Jun attends the opening ceremony of the Xiangshan Forum at the Beijing International Convention Center on Sept. 13. Dong is the third consecutive incumbent or former defense chief to be probed over alleged corruption.
How Japan can exit the fossil fuel subsidies it can’t seem to quit
A man walks past a gasoline station in Tokyo on Thursday.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Greg Dvorak

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