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JAPAN
Jan 30, 1998

LDP's Arai admits profiting from hidden Nikko account

Shokei Arai, a Lower House member of the Liberal Democratic Party, admitted in the Diet on Friday that he made about 41 million yen through an account he asked Nikko Securities Co. to open in the name of one of his acquaintances.Arai insisted, however, that the trades were not illegal. Speaking as an...
JAPAN
Jan 30, 1998

Bankers' group chairman Saeki will resign

As bribery scandals engulf Finance Ministry officials and employees of major banks, Natotaka Saeki, chairman of the Federation of Bankers Associations of Japan, announced Friday that he will resign as leader of the industry association "for the sake of the stability of the financial system."But Saeki,...
JAPAN
Jan 30, 1998

NTT's caller ID service makes screening easier

Staff writerEver been harassed by incessant prank calls? Felt nervous about picking up the phone, not knowing who's on the other end of the line?Based on such apprehensions and other misuses of the telephone, Nippon Telegraph and Telephone Corp. has shrewdly developed a new business. Starting Sunday,...
JAPAN
Jan 30, 1998

Compaq chooses Canon to be sole sales agent

In an attempt to boost its presence in the competitive Japanese computer market, Compaq Computer Corp. and Japanese subsidiary Compaq Computer KK have selected Canon Sales Co. to be their sole sales agent in Japan, the three companies announced Friday.Under the new agreement, Canon Sales, the sales unit...
JAPAN
Jan 30, 1998

Matsunaga appointed as new finance minister

Prime Minister Ryutaro Hashimoto named Lower House Budget Committee chairman Hikaru Matsunaga as the new finance minister Friday, entrusting him with the task of cleaning up the ministry's image in the wake of a bribery scandal.The scandal, in which two ministry inspectors were arrested earlier in the...
JAPAN
Jan 30, 1998

Vice Minister Tanami wants trust in Finance restored

Newly appointed Vice Finance Minister Koji Tanami vowed Friday to put priority on regaining the public's trust in the powerful, scandal-tainted ministry.Tanami, 58, was serving as the head of the Cabinet Councilors' Office on Internal Affairs but was recalled after his predecessor, Takeshi Komura, resigned...
JAPAN
Jan 29, 1998

Taipei wants China talks held on own terms

Taipei wants to start with business-level talks with Beijing on a variety of practical, serious issues to improve the two nations' strained relations, rather than political dialogue, as China again proposed earlier this week, a Taiwan spokesman said Thursday in Tokyo.Visiting The Japan Times head office,...
JAPAN
Jan 29, 1998

Use of 'fashionable' drugs brings cases to 10-year high

A total of 19,722 people were investigated in stimulant drug cases in 1997, 302 more than in the previous year, the National Police Agency said Thursday.The NPA said the figure is the worst this decade and declared that Japan is now in a third period of drug abuse. Drug abuse cases have increased partly...
JAPAN
Jan 29, 1998

Banks to be picked for 'jusen' lawsuits Sunday

The first group of banks the Housing Loan Administration Corp. may sue over the "jusen" mortgage-lending debacle will be decided upon Sunday, corporation President Kohei Nakabo said Thursday.The corporation's legal counsel feels that several banks are responsible for the expansion of problem loans at...
JAPAN
Jan 29, 1998

DDI aims for sales of 1.51 trillion yen by 2001

DDI Corp., a major long-distance telephone carrier in Japan, said Thursday that it will seek to earn group sales of 1.51 trillion yen and group pretax profits of 130 billion yen in the 2001 business year.In its medium-term management plan, the group, which posted consolidated sales of 1.02 trillion yen...
JAPAN
Jan 29, 1998

Top Finance bureaucrat resigns over bribery case

Vice Finance Minister Takeshi Komura handed in his resignation Thursday afternoon to take responsibility for the recent scandal in which two ministry inspectors were arrested on suspicion of accepting bribes from major banks.Koji Tanami, a ministry official now in charge of the Cabinet Councilors' Office...
JAPAN
Jan 29, 1998

Hashimoto apologizes over Finance scandal

Prime Minister Ryutaro Hashimoto apologized to the public Thursday for the bribery scandal involving Finance Ministry bank inspectors and vowed to root out corruption in the bureaucracy and prevent its recurrence."We offer our deepest apology (to the public for the affair)," Hashimoto said during an...
JAPAN
Jan 29, 1998

The Asahara Trial: Cultist didn't think Aum would kill family

One-time Aum Shinrikyo lawyer Yoshinobu Aoyama testified Thursday that he never thought the cult was involved in the mysterious disappearance of a Yokohama lawyer and his family when he first heard they were missing in November 1989.A witness for the prosecution, Aoyama took the stand in the trial of...
JAPAN
Jan 29, 1998

Bill drafted to demand discipline from bureaucrats

Parties in the ruling alliance launched efforts Thursday to draft a bill mandating bureaucratic discipline amid the bribery scandal rocking the Finance Ministry.The ruling Liberal Democratic Party set up an internal panel, while the Social Democratic Party, one of the LDP's two non-Cabinet allies, announced...
JAPAN
Jan 29, 1998

Rover to recycle its cars in Japan

Amid growing public awareness of the need to conserve the environment, Rover Japan Ltd. will launch a nationwide program in April for recycling its cars, the Japanese subsidiary of the U.K. automaker said Thursday.Rover's announcement follows a similar move by its affiliate BMW Japan Corp., which started...
JAPAN
Jan 29, 1998

Oil industry calls for lower taxes

Leaders of the nation's oil industry called on the government Thursday to reduce oil-related taxes, arguing that they are unreasonably heavy.They made the request during an informal meeting with Mitsuo Horiuchi, minister for international trade and industry, a MITI official told reporters. Yuji Idemitsu,...
JAPAN
Jan 29, 1998

Outline of 2001 administrative realignment approved

The government Thursday drew up the outline of new legislation that will serve as the basic law to start consolidating administrative organs in 2001.A government panel, consisting of all ministers and headed by Prime Minister Ryutaro Hashimoto, met in the morning and decided on the outline, which mandates...
JAPAN
Jan 28, 1998

DKB data on 'sokaiya' loans allegedly erased by finance official

Koichi Miyakawa, a Finance Ministry inspector who is under arrest, deleted part of a 1994 ministry report on problem loans extended by Dai-Ichi Kangyo Bank to "sokaiya" corporate extortionist Ryuichi Koike, the key figure in a huge financial-sector payoff scandal, at the request of a Dai-Ichi Kangyo...
JAPAN
Jan 28, 1998

Keck announces end to EU-Japan auto export restraint

Europe will not seek to extend its agreement with Japan on voluntarily restraining Japanese automobile exports, European Union Ambassador Jorn Keck said Wednesday.The departing ambassador was speaking at a farewell news conference at the Japan National Press Club in Tokyo. "I don't know how to prolong...
JAPAN
Jan 28, 1998

Extra budget, tax cuts pass Lower House

The Lower House on Wednesday passed the government-proposed supplementary budget for the current fiscal year and bills to allow for 2 trillion yen in pump-priming income and residence tax cuts.The extra budget and bills were moved the House of Councilors for further action. They are key components in...
JAPAN
Jan 28, 1998

NEC's profit to plunge to 45 billion yen

Due to lackluster sales of personal computers and electronic devices, NEC Corp. announced Wednesday that its consolidated net profit will plunge to 45 billion yen in the 1997 business year, down 51 percent from its previous estimate of 80 billion yen."Investment in information technology was supposed...
JAPAN
Jan 28, 1998

'Save the dugong' focus of Okinawan band's concert

The popular Okinawan band Kina Shokichi & Champloose will stage the "Eco Peace Concert" in Tokyo today to call for steps to be taken to protect waters off of Nago, Okinawa Prefecture -- identified as a potential site for an offshore military heliport -- so that dugongs can continue to live there.The...
JAPAN
Jan 28, 1998

U.S. wants pact on civilian-use GPS products

Staff writerThe United States has asked Japan to conclude a pact as soon as possible on civilian applications, such as car navigation, of the U.S.-developed positioning system that uses military satellites, government officials said Wednesday.The U.S. wants the proposed pact with Japan to serve as a...
JAPAN
Jan 28, 1998

Mitsuzuka resigns over finance bribery scandal

Finance Minister Hiroshi Mitsuzuka tendered his resignation Wednesday to Prime Minister Ryutaro Hashimoto to take the blame for a scandal in which two ministry bank inspectors were arrested for bribery.In accepting Mitsuzuka's resignation, Hashimoto will also hold the post of finance minister until a...
JAPAN
Jan 28, 1998

Sanyo to venture into elder care business

Sanyo Electric Co. announced Wednesday that it will enter a new business field by establishing a joint venture firm to run nursing homes in light of the rapidly growing elderly population.Sanyo will set up Sanyo Emeritus Corp. jointly with Seattle-based Emeritus Corp. in February. The new firm will be...
JAPAN
Jan 28, 1998

U.S. files on Okinawa occupation to be released

About 3.2 million pages of documents and photographs related to the U.S. Civil Administration of the Ryukyu Islands, which governed Okinawa between 1950 and 1972, will be made public beginning this fall.The National Diet Library and the Okinawa Prefectural Archives announced that the documents will be...
JAPAN
Jan 27, 1998

Nissan to reduce auto platforms to five

Nissan Motor Co. plans to reduce the number of platforms for its automobiles to five by around 2005, Nissan President Yoshikazu Hanawa said Tuesday.In an effort to reduce costs and shorten development lead time for new models, the company has been planning to consolidate major platforms, Hanawa said....
JAPAN
Jan 27, 1998

Japan to help revitalize trans-Siberia railway

The Japanese government will promote cooperation to revitalize the trans-Siberia Railway as part of Tokyo's efforts to encourage economic reform in Russia, Japanese officials told their Russian counterparts Tuesday at a meeting to discuss work on the railway.Japan will promote such measures as feasibility...
JAPAN
Jan 27, 1998

Celebrity's brother held over drugs

Takayuki Kuroyanagi, 41, brother of media celebrity and UNICEF Ambassador Tetsuko Kuroyanagi, was arrested in connection with drug possession and turned over to prosecutors Monday, according to the Metropolitan Police Department.A small amount of stimulants was found Sunday night in his car, which was...
JAPAN
Jan 27, 1998

Prosecutors raid banks embroiled in bribe scandal

Prosecutors raided the head offices of the Asahi, Dai-Ichi Kangyo, Sanwa and now-defunct Hokkaido Takushoku banks Tuesday in connection with a scandal that has emerged following the arrests of two Finance Ministry inspectors Monday over bribery.The raid comes only a day after the Tokyo District Public...
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.
Japan's average life expectancy rises for first time in three years
A decline in COVID-19-caused deaths likely helped boost the average life expectancy for Japanese men and women to rise for the first time in three years in 2023.
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

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JNTO promotes sustainable tourism initiatives

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