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JAPAN
Nov 20, 1997

IBJ predicts deficit after writeoffs

The Industrial Bank of Japan said Thursday it expects to go into the red during the current fiscal year after writing off 400 billion yen worth of bad loans.
JAPAN
Nov 20, 1997

Postal corporation compromise gains some support

Prime Minister Ryutaro Hashimoto made progress Thursday in gaining acceptance for his latest proposal to set up independent government firms in five years to take over some of the state's operations, including three services under the postal ministry's control.
JAPAN
Nov 20, 1997

Use of public funds considered for clearing up loan mess

Prime Minister Ryutaro Hashimoto instructed the Liberal Democratic Party on Thursday to consider using public funds to clear up the nation's bad loan mess, a proposal welcomed by a rally on the Tokyo Stock Exchange.
JAPAN
Nov 20, 1997

Garuda crash blamed on pilot misjudgment

The Garuda Indonesia crash last year in Fukuoka was caused by the captain's failure to execute proper judgment and follow-through with the takeoff even though one of the aircraft's engines had failed, a Transport Ministry committee has concluded.
JAPAN
Nov 20, 1997

Kankeiren environment plan aired

OSAKA -- The Kansai Economic Federation (Kankeiren) on Thursday released its voluntary environment action plan, which includes the energy-saving and recycling plans of 153 of its member firms.
JAPAN
Nov 20, 1997

Plant turns KFC waste into diesel oil

A plant that will produce diesel oil from waste vegetable oil at Kentucky Fried Chicken restaurants started production Thursday.
JAPAN
Nov 19, 1997

Public funds ruled out for finance bailouts

The government does not intend at this time to consider a new framework for using public funds to help prop up the financial sector, Finance Minister Hiroshi Mitsuzuka said Wednesday.
JAPAN
Nov 19, 1997

4 million yen bribery charge brought against tax official

The Tokyo District Public Prosecutor's Office on Wednesday indicted a former inspector at the Kamakura Tax Office on charges of taking 4 million yen in bribes for aiding a tax evasion operation.
JAPAN
Nov 19, 1997

Former exec of Mitsukoshi unit held in breach of trust

A former executive of a Mitsukoshi Ltd. subsidiary and two other officials were arrested Wednesday for alleged aggravated breach of trust in connection with 180 million yen in payments to a construction company on the verge of financial collapse.
JAPAN
Nov 19, 1997

BOJ first-half pretax earnings hit 1.05 trillion yen

The Bank of Japan said Tuesday that its pretax profit for the first half of fiscal 1997 rose 79 billion yen from the previous six months to 1.05 trillion yen, mainly because of the weaker yen.
JAPAN
Nov 19, 1997

Hashimoto seeks LDP approval of postal reform compromise

...
JAPAN
Nov 19, 1997

First-half profits slump at Fuji, Sanwa

Fuji Bank and Sanwa Bank, two of the nation's city banks, said Wednesday that their pretax profits for the April-September period fell 75.6 percent and 64.4 percent, respectively, from the same period last year as they continued efforts to dispose of bad assets.
JAPAN
Nov 19, 1997

Store gets the jump on suits for new staff

Seibu Department Store set aside a special section in its store in Tokyo's Ikebukuro district on Wednesday for the suits that will be needed by job-hunting students.
JAPAN
Nov 19, 1997

Mitsuzuka hails Asia stability plan, South Korea policies

Finance Minister Hiroshi Mitsuzuka welcomed the agreement that Asian financial officials reached Wednesday on a new framework to strengthen financial stability in the region.
JAPAN
Nov 19, 1997

Cooperation the cure to currency crisis, Ramos told

Nations must cooperate to counteract the currency crisis gripping Asia, Prime Minister Ryutaro Hashimoto told Philippine President Fidel Ramos on Wednesday, according to Foreign Ministry officials.
JAPAN
Nov 18, 1997

State servants to be designated civil and 'noncivil'

The Administrative Reform Council, a government panel headed by Prime Minister Ryutaro Hashimoto, on Tuesday virtually agreed that two separate statuses -- civil servants and "noncivil servants" -- should be created for government employees to be transferred to quasigovernmental organizations.
JAPAN
Nov 18, 1997

Families grieve over massacre in Egypt

The families and friends of the 11 Japanese involved in Monday's terrorist attack in Luxor, Egypt, were stunned Tuesday that their loved ones' honeymoons had ended in bloodshed.
JAPAN
Nov 18, 1997

Father who murdered son regrets failure as parent

A 53-year-old man accused of murdering his 14-year-old son expressed regret Tuesday that he failed to change his son's "violent" behavior instead of accepting it as self-expression.
JAPAN
Nov 18, 1997

Allies draw line in sand over postal services

Apparently backpedaling on administrative reform efforts, the ruling Liberal Democratic Party and its two smaller allies on Tuesday confirmed they will demand that the three services of the posts ministry be maintained as state-run.
JAPAN
Nov 18, 1997

Maritime agency outlines steps to speed response to spills

In a white paper released Tuesday, the Maritime Safety Agency outlined measures that would enable it to respond more quickly to large-scale oil spills.
JAPAN
Nov 18, 1997

Gist of latest pump-priming plan

1) Building-to-land ratios in city centers would be eased to encourage new construction on the sites of old structures.
JAPAN
Nov 18, 1997

Message sent to Mubarak

Prime Minister Ryutaro Hashimoto sent a message Tuesday to Egyptian President Hosni Mubarak, asking for a swift inquiry into the massacre at Hatshepsut Temple in Luxor.
JAPAN
Nov 18, 1997

Corporate heads praise measures, point to financial system

The nation's business leaders on Tuesday welcomed the government's package of pump-priming measures as effective, but called for measures to solve problems in the financial sector and for the government to reform the nation's taxation and administrative systems to stimulate the economy.
JAPAN
Nov 18, 1997

Ministry warns Japanese tourists

The Foreign Ministry on Tuesday warned Japanese tourists not to visit southern Egypt, following a terrorist attack in the city of Luxor on Monday. At least 67 tourists died in the attack, including 10 Japanese. The warning will remain in effect until the details of the incident are clear and the ministry...
JAPAN
Nov 18, 1997

New economic package aims at accelerating deregulation

The government unveiled a package of pump-priming measures Tuesday that focuses on accelerating deregulation to help boost confidence in the economy, if not real demand, in the short term.
JAPAN
Nov 17, 1997

Hokkaido Takushoku folds; BOJ sends emergency loans

Marking the biggest collapse in the nation's financial industry, ailing Hokkaido Takushoku Bank announced Monday its de facto failure by saying it will transfer its operations to Hokkaido-based North Pacific Bank and other financial institutions.
JAPAN
Nov 17, 1997

Make defense-related agency a bureau: reform panel

A blue-ribbon government panel on administrative reform agreed Monday to turn the Defense Facilities Administration Agency into a bureau within a relevant government body.
JAPAN
Nov 17, 1997

Japan, U.S. officials concerned about depreciating yen

Japan and the United States expressed concern Monday over the recent depreciation of the yen, with Tokyo saying it was prepared to take action against excessive movements to stabilize foreign exchange markets.
JAPAN
Nov 17, 1997

Nikkei surges 1,200 points as players speculate on Takushoku

Tokyo stock prices rallied Monday amid news of the Hokkaido Takushoku Bank failure, as investors shopped for bargains, aided by growing expectations that public funds will be used to help dispose of a huge amount of bad loans.
JAPAN
Nov 17, 1997

Ministry plays down bank's collapse

Finance Minister Hiroshi Mitsuzuka and other ministry officials Monday attempted to underplay the fact that the failure of Hokkaido Takushoku runs counter to the ministry's oft-repeated pledge that the nation's top 20 banks would not be allowed to fail.
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.
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.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Brazil issues apology for persecuting Japan immigrants during WWII
Enea Almeida (right), chair of the Brazilian amnesty commission, shakes hands with the representative for Japanese immigrants on Thursday in Brasilia.
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.
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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