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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.
JAPAN
Mar 24, 1998

Kato urges revision of fiscal reform deadline

Koichi Kato, secretary general of the ruling Liberal Democratic Party, Tuesday said that the target year for fiscal reform can be moved back by two years from the original goal year -- a step that would provide flexibility in working out economic stimulus measures.
JAPAN
Mar 24, 1998

Taiwanese passport may receive official recognition

The Cabinet approved a bill Tuesday to revise the immigration law to allow people from Taiwan to use their passport as an official document when entering Japan.
JAPAN
Mar 24, 1998

Former Yamaichi chiefs indicted for hiding debt

Former Yamaichi Securities Co. Chairman Tsugio Yukihira and Atsuo Miki, the firm's former president, were indicted Tuesday on charges of violating the Securities Transaction and Commercial Code by hiding about 270 billion yen in debts and still paying about 6 billion yen in dividends to shareholders,...
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Ahead of the Olympics, Japan is still talking about the gymnast who won't be there
Japan's Shoko Miyata withdrew from the gymnastics team herself over her drinking and smoking, although it had already appeared as though the association was prepared to send her home from the team’s training camp in Monaco.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
‘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.
Paris Olympics kick off with rain-soaked — but grandiose — opening ceremony
Japan's 2024 Olympic team moves down the Seine River in Paris during the opening ceremony of the 2024 Summer Olympics on Friday.
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.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

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

JNTO promotes sustainable tourism initiatives
JNTO promotes sustainable tourism initiatives

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