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JAPAN
Oct 7, 1998

Bank recapitalization bill awaits passage

The Diet will soon pass a bill for injecting public funds into ailing banks to cure a financial system swamped with bad loans, now that two opposition groups have dropped their objections, according to ruling and opposition officials.The bill to establish a new bank recapitalization mechanism, submitted...
JAPAN
Oct 7, 1998

Public funds for banks, stimulus get panel's nod

The government should inject a substantial amount of public funds into financial institutions and implement large-scale fiscal stimulus measures to prop up the economy, members of an advisory body to Prime Minister Keizo Obuchi said Wednesday.During the day's discussions of the Strategic Economic Council,...
JAPAN
Oct 7, 1998

LTCB declared open to any buyer

Sumitomo Trust & Banking Co. may not be the sole buyer of the troubled Long-Term Credit Bank of Japan, Chief Cabinet Secretary Hiromu Nonaka said Wednesday."We had initially hoped for smooth realization of the planned merger between the two banks," he said. "But the LTCB is now expected to be put...
JAPAN
Oct 7, 1998

'Microcreditor' not for privileged

Staff writer Muhammad Yunus is not your typical banker. You won't catch him traipsing around in designer suits or marching briefcase in hand through the corporate halls looking for new clients.No, this simply dressed Bangladeshi banker marches to a different beat: he strives to lend money to the poor...
JAPAN
Oct 7, 1998

NEC, Toyo raided over illegal equipment deals

Investigators from the Tokyo District Public Prosecutor's Office raided the head offices of NEC Corp. and Toyo Communications Corp., both in Tokyo's Minato Ward, on Wednesday to collect evidence to substantiate charges against four officials at Defense Agency contractors who were arrested Tuesday.The...
JAPAN
Oct 7, 1998

Justice minister urges swift probe into bank execs

Justice Minister Shozaburo Nakamura called Wednesday on senior public prosecutors from across Japan for swift and rigid action in any criminal liability cases against executives of failed financial institutions.Speedy and strict investigation is also needed for those who obstruct the collection of loans...
JAPAN
Oct 7, 1998

Housing deregulation said essential to boosting demand

Housing deregulation is critical for Japan to stimulate its stagnant domestic demand, Kent Calder, special adviser to the U.S. Ambassador to Japan, said Wednesday.Speaking at the Japan National Press Club in Tokyo, Calder pointed to the need to improve transparency, performance-based standards and the...
JAPAN
Oct 6, 1998

Saison ties with H.I.S. in travel insurance

Saison Automobile & Fire Insurance Co., a nonlife insurance wing of the Saison group, and H.I.S. Co., a travel agency that has a strong foothold in the overseas travel market, reached a comprehensive tieup agreement Tuesday to provide new insurance services for those traveling abroad, the two companies...
JAPAN
Oct 6, 1998

Osaka faces uphill battle to host G-8

Staff writerOSAKA -- A comparative lack of local governmental interest, cool relations between the mayor and governor, and an uninspired promotional campaign have greatly dimmed Osaka's bid to host the Group of Eight summit in 2000, senior prefectural officials said recently.Osaka is one of eight cities...
JAPAN
Oct 6, 1998

Japan extends China additional flood aid

Japan will extend 250 million yen in emergency aid to China, which was hit hard by massive flooding, so the country can purchase medicine and medical equipment to deal with epidemics, Foreign Ministry officials said Tuesday.Japan already extended about 250 million yen in emergency aid to China from July...
JAPAN
Oct 6, 1998

Discrimination case against jewelry store owner begins

HAMAMATSU, Shizuoka Pref. -- Japanese should not discriminate against foreigners just because they're different, a Brazilian woman suing a jewelry store owner here for alleged racial bias told reporters Tuesday."Japanese society will have to coexist with an even greater variety of people in the future....
JAPAN
Oct 6, 1998

Daihatsu unveils new minicar lineup

Daihatsu Motor Co. announced the launch of its fully redesigned Mira, Move, and Terios Kid minicar models Tuesday in line with new Japanese regulations for minicars implemented at the beginning of the month.Daihatsu, a major minicar manufacturer based in Osaka, hopes to raise its current 25 percent share...
JAPAN
Oct 6, 1998

World Bank infrastructure facility to aid developing states

Japan and Britain jointly announced that they are working with the World Bank to establish a new technical assistance facility to boost involvement by the private sector in infrastructure improvement in developing countries, the World Bank said Tuesday.The joint initiative, dubbed the Public-Private...
JAPAN
Oct 6, 1998

September minivehicle sales slipped 16%

Sales of minivehicles in Japan fell 16.3 percent in September from a year earlier to 123,945 units, marking the 12th straight month of decline, the Japan Mini Vehicles Association said Tuesday.Minivehicle sales during the first half of fiscal 1998 through September totaled 686,672, down 7.7 percent from...
JAPAN
Oct 6, 1998

Half of arrested Wakayama duo admits keeping arsenic

WAKAYAMA -- A former Wakayama termite exterminator arrested with his wife on Sunday over alleged insurance fraud has dropped his denials and admitted to police he once kept arsenic, police sources said Tuesday.The lethal substance -- the same as that used in a fatal curry poisoning that killed four and...
JAPAN
Oct 6, 1998

EPA reverses forecast to 1.8% negative growth for '98

With amazing foresight, the Economic Planning Agency said Tuesday that the nation's economy will probably shrink by an inflation-adjusted 1.8 percent in fiscal 1998, reversing its initial projection of 1.9 percent growth for the current year.The contraction, which would be the largest one ever recorded...
JAPAN
Oct 6, 1998

U.S. frets foot-dragging on defense guidelines

U.S. President Bill Clinton is concerned about the speed of Diet approval of legislation concerning revised Japan-U.S. defense guidelines, Rust Deming, the U.S. deputy assistant secretary of state, told executives of the ruling Liberal Democratic Party Tuesday morning.In a meeting with LDP Secretary...
JAPAN
Oct 6, 1998

Rebuff to lewdness sparks stabbing

OSAKA -- A woman was seriously wounded when she was stabbed by an unidentified man on a street in Fujiidera, Osaka Prefecture, early Tuesday after refusing to look at his naked bottom, police said.The assailant, after dropping his pants, approached the 21-year-old female restaurant worker on the street...
JAPAN
Oct 6, 1998

LDP ready to submit bank bills

Apparently convinced that bills to recapitalize financial institutions can be passed in the current Diet session, the ruling Liberal Democratic Party is set to submit the bills today.On Tuesday, the LDP presented a revised version of its new bank recapitalization scheme to the opposition camp, a scheme...
JAPAN
Oct 5, 1998

TSE fails to hold 13,000 line

Reflecting financial uncertainties worldwide, share prices on the Tokyo Stock Exchange tumbled Monday with the benchmark 225-issue Nikkei average closing below 13,000 for the first time since Jan. 30, 1986.Trading closed at 12,948.12, down 275.57 points from Friday's close of 13,223.69 as sluggish afternoon...
JAPAN
Oct 5, 1998

EU to present deregulation package next week

The European Union will present new deregulation proposals to Japan when the two sides hold ministerial-level meetings in Tokyo next Monday, a senior officials of the European Commission said Monday.Speaking to reporters in Tokyo, Ove Juul Joergensen, head of the Delegation of the European Commission...
JAPAN
Oct 5, 1998

Shareholder sues ex-Yamaichi execs

A shareholder of Yamaichi Securities Co. filed a lawsuit Monday against former executives of the firm, demanding they return about 6 billion yen to the failed brokerage.The lawsuit, filed with the Tokyo District Court, is the first legal action by shareholders against Yamaichi over its window dressing.The...
JAPAN
Oct 5, 1998

Mitsubishi unveils next generation of minicars

Mitsubishi Motors Corp. announced Monday the launch of three fully redesigned minicars it hopes will energize the stagnant economy.The announcement is the first of a flurry of minicar announcements expected due to new regulations imposed Oct. 1 on the Japanese minicar industry.This week, major minicar...
JAPAN
Oct 5, 1998

The Kim Visit: 'Sorry' may not be enough to bridge past

Staff writerWhen South Korean President Kim Dae Jung makes his official visit this week, Japan is expected to apologize and express remorse for its past conduct toward Koreans. But complete reconciliation between the people of the two nations may not be possible until they come to a better mutual understanding...
JAPAN
Oct 5, 1998

Lower House panel passes JNR debt bills

Bills to dispose of 27.8 trillion yen in debts left by the former Japanese National Railways were passed Monday by a Lower House special committee after the ruling Liberal Democratic Party and two opposition parties reached a compromise.The bills, which are expected to be passed by a Lower House plenary...
JAPAN
Oct 5, 1998

Investment firm puts trust in disclosure

18th in an occasional series on financial deregulationStaff writerAlliance Capital Investment Trust Management Inc. of Tokyo is attempting to calm anxious customers by fully explaining how their funds have been hurt amid global financial instability, company President Takahiro Fujino said.The severe...
JAPAN
Oct 5, 1998

Japan kicks off Asia intellectual property forum

Underscoring the need for Asian economies to protect intellectual property rights and counter counterfeits with their ever-growing borderless economic activities, delegates from 22 countries assembled Monday in Tokyo for a three-day forum on the issues.The forum, the second of its kind following one...
JAPAN
Oct 5, 1998

Defense data discarded before raids, Akiyama admits

The former chief of the Defense Agency secretariat discarded documents linked to the procurement scandal at his home before prosecutors raided the agency on Sept. 3, Masahiro Akiyama, administrative vice minister of the agency, admitted Monday.Denying earlier news reports that Masayuki Fujishima, 55,...
JAPAN
Oct 5, 1998

Workshop to discuss development of Mekong countries

Staff writerHigh-level officials from nine countries and six international organizations will meet in Tokyo early next month to discuss ways to accelerate the development of the greater Mekong subregion despite the deep Asian economic crisis, Foreign Ministry sources said Monday.The workshop, scheduled...
JAPAN
Oct 2, 1998

Nikkei has close brush with 13,000

Tokyo share prices managed to eke out a modest gain Friday, thanks to government officials' warnings against speculative selling and buying support by public fund managers.The 225-issue Nikkei average plunged below the 13,000 level briefly for the first time in 12 years and eight months before ending...
Ryuju Nagayama falls in controversial ruling in Paris but later earns bronze
Ryuju Nagayama reacts after his quarterfinal bout against Spain's Francisco Garrigos at the Paris Olympics on Saturday.
When did summer in Japan stop being fun?
Summer in Japan is now consistently brutal enough to drive you indoors and keep you there until autumn.
A mysterious plot prompts a rare call from Russia to the Pentagon
U.S. Secretary of Defense Lloyd Austin testifies on Capitol Hill in Washington in April. In July, Russia's defense minister said he needed to talk to Austin about an alleged Ukrainian operation. What happened next remains murky.
‘Crazy’ yen rally is at risk of shattering as soon as Wednesday
Some investors are warning that a yen rally is fragile, as was on show this week when the yen rapidly retraced an advance after Thursday’s stronger-than-expected U.S. economic growth figures.
Dominant Natsumi Tsunoda delivers Japan's first gold medal at Paris Olympics
Gold medalist Natsumi Tsunoda celebrates on the podium after she won the women's under 48-kg division at the Paris Olympics on Saturday.
When did summer in Japan stop being fun?
Summer in Japan is now consistently brutal enough to drive you indoors and keep you there until autumn.
The Japanese Olympians looking to shine in Paris
Rim Nakamura, who is attempting to win Japan's first Olympic gold medal in cycling, will be one of the top Japanese athletes to watch at the Paris Games.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.

Podcast

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

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

SUSTAINABLE JAPAN

mission sustainability vol.11 : Sekisui House Ltd.World’s top homebuilder acts on its responsibility
mission sustainability vol.11 : Sekisui House Ltd.World’s top homebuilder acts on its responsibility

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