search

 
 
JAPAN
Nov 12, 1998

NEC, Toshiba chastised for bid-rigging on state contracts

The Fair Trade Commission on Thursday ordered NEC Corp. and Toshiba Corp. to end their bid-rigging practices in supplying zip-code reading machines to the government, FTC officials said.
JAPAN
Nov 12, 1998

FSA chief implores banks to request public funds

Financial Reconstruction Minister Hakuo Yanagisawa again urged banks to apply for a big capital injection Thursday, the day before the Financial Supervisory Agency was to explain application approval standards to 147 banks in Tokyo.
JAPAN
Nov 12, 1998

DPJ offers own package

The Democratic Party of Japan, the largest opposition party, on Thursday unveiled its own economic stimulus package. It's worth nearly 20 trillion yen and includes a system that would provide allowances for raising children but has little chance of being included in a supplementary budget to be debated...
JAPAN
Nov 12, 1998

NEC affiliate admits overcharging Defense Agency

A wholly owned affiliate of NEC Corp. admitted to the Defense Agency on Thursday that it overcharged the agency for repairs of defense equipment.
JAPAN
Nov 12, 1998

ANA seals alliance with China Eastern

All Nippon Airways Co. and China Eastern Airlines will form a comprehensive alliance and begin code-sharing operations in February, ANA officials announced Thursday.
JAPAN
Nov 12, 1998

Iraq urged to cooperate with U.N.

Iraq should cooperate with United Nations weapons inspectors to ease the mounting tension in the Persian Gulf, Kishichiro Amae, director general of the Foreign Ministry's Middle Eastern and African Affairs Bureau, told Iraqi Charge d'affaires Nadhim Haddad on Thursday.
JAPAN
Nov 12, 1998

NGOs main stars at Yokohama festival

The Yokohama Festival for International Cooperation '98 will be held at the Sangyo Boeki Center Building in Yokohama, Kanagawa Prefecture, on Saturday and Sunday.
JAPAN
Nov 12, 1998

ACCJ urges fairness in future financial protection fund

The American Chamber of Commerce in Japan on Thursday called on Tokyo to abide by "fair, free and global" principles when establishing protection funds for investors and insurance policyholders as part of Japan's ongoing "Big Bang" financial reforms.
JAPAN
Nov 12, 1998

Japanese-American heritage blooms in L.A. museum

The Japanese-American experience is a useful reference point in Japan's globalization efforts, but more insights await in Los Angeles, where the Japanese American National Museum is raising the profile of these people, representatives said Thursday.
JAPAN
Nov 12, 1998

Honda again posts record midterm results

Helped by strong sales in North America, Honda Motor Co. posted its third consecutive year of record net sales and profit for the April-September period, company officials said Thursday.
JAPAN
Nov 12, 1998

LDP outlines latest stimulus plan

The ruling Liberal Democratic Party drew up an outline Thursday for a new economic stimulus package worth more than 10 trillion yen aimed at realizing positive growth in the next fiscal year and putting the nation's economy back on a path to sustainable recovery within two years.
JAPAN
Nov 12, 1998

KDD posts 5.8% dip in sales

Sales at Kokusai Denshin Denwa Co. fell to 144 billion yen on an unconsolidated basis in the first half of fiscal 1998, down 5.8 from the same period last year, the nation's biggest international telecommunications carrier announced Thursday.
JAPAN
Nov 12, 1998

Mazda's cost-cutting pays off

While many automakers struggle with shrinking profits amid the serious economic slump, Mazda Motor Corp. is reaping the fruits of desperate cost-cutting efforts. On Thursday it reported consolidated midterm net profits for the first time since fiscal 1991.
JAPAN
Nov 11, 1998

LDP, Liberal Party talk policy

The Liberal Democratic Party and the Liberal Party launched policy discussions Wednesday, and while the two took several steps toward forming a coalition, a major hurdle remains -- consensus on a consumption tax cut.
JAPAN
Nov 11, 1998

Fading tax revenues force Osaka into crisis

OSAKA -- Osaka Gov. "Knock" Yokoyama declared Wednesday that the prefecture is facing a financial crisis due to a serious shortage of tax revenues.
JAPAN
Nov 11, 1998

World Bank president presses for Asian reform

The recovery of crisis-hit East Asian economies requires world economic and financial support and time-consuming efforts to implement social and structural reforms, the president of the World Bank said Wednesday.
JAPAN
Nov 11, 1998

Nippon Life, Deutsche Bank seal tieup

Nippon Life Insurance Co. and Deutsche Bank AG, the largest bank in Germany, have sealed a comprehensive tieup agreement to strengthen their ties in asset management and in the sale of investment trusts in Europe and Japan, the two companies announced Wednesday.
JAPAN
Nov 11, 1998

Bhutan aid project rife with misappropriation

A Tokyo-based consultant firm commissioned by the government to build telephone networks in Bhutan misused about 195.6 million yen of the project disbursement under a grant aid, a Foreign Ministry investigation report said Wednesday.
JAPAN
Nov 11, 1998

Business groups criticize coupons, urge tax cuts

Will the proposed merchandise coupons help pull Japan out of economic crisis by boosting consumption?
JAPAN
Nov 11, 1998

Citizens rally behind Japanese tariffs ahead of APEC

About 300 people rallied Wednesday in Tokyo to pressure the government to defend Japanese tariffs on wood and fish products at forthcoming meetings of the Asia-Pacific Economic Cooperation forum in Malaysia.
JAPAN
Nov 11, 1998

JR East first-half profits down 9%

East Japan Railway Co. (JR East) reported 166.6 billion yen in unconsolidated operating profit during the first half of fiscal 1998, down 9.1 percent from the same period last year because of the stagnant economy, officials of the carrier announced Wednesday.
JAPAN
Nov 11, 1998

Midsize, large firms given aid assurances

The government will reinforce its support for middle-standing and large companies suffering from the credit crunch with the quasigovernmental Japan Development Bank providing for working capital and purchasing corporate bonds, trade chief Kaoru Yosano said Wednesday.
JAPAN
Nov 11, 1998

Celebrities join call for Kobe airport plebiscite

On behalf of civic group members in Kobe, writer Yasuo Tanaka met reporters Wednesday in Tokyo to call for a plebiscite over the planned construction of an airport in Kobe.
JAPAN
Nov 11, 1998

China wants apology, clarification stated during Jiang visit

China wants a clear apology from Japan over its wartime aggression in China and clarification of its stance toward Taiwan put into a joint statement to be issued when President Jiang Zemin visits Japan later this month, Chinese Ambassador to Japan Chen Jiang said Wednesday.
JAPAN
Nov 11, 1998

U.S. also faulted for concealing Japanese war atrocities

Tokyo and Washington continue to keep under wraps what happened in the Japanese army's research laboratories in Manchuria during the war, an American historian studying Japan's biological warfare said, noting that in this sense, the atrocities linger on more than half a century later.
JAPAN
Nov 11, 1998

Tax panel agrees to list three upcoming cuts

The ruling Liberal Democratic Party's tax panel agreed Wednesday to list three types of tax cuts, including one intended to encourage housing purchases, in the outline of an economic stimulus package due to be released today.
JAPAN
Nov 9, 1998

Trade stance could trigger Asia-Pacific collapse, U.S. official warns

A senior U.S. government official warned Monday that trade liberalization in the Asia Pacific region will collapse if Japan refuses to join an early market-opening initiative on wood and fish products at an Asia-Pacific Economic Cooperation forum that opens later this week in Malaysia.
JAPAN
Nov 9, 1998

Breakthrough unlikely at Obuchi-Yeltsin summit

Staff writer
JAPAN
Nov 9, 1998

LDP to woo longtime foe Ozawa for alliance

Prime Minister Keizo Obuchi will seek talks with Ichiro Ozawa, head of the Liberal Party, about forming an alliance when he returns from Russia later this week, executives of the ruling Liberal Democratic Party said Monday.
JAPAN
Nov 9, 1998

World Bank pushes comprehensive development of 10 countries

Foreign Minister Masahiko Komura and World Bank President James Wolfensohn agreed Monday to take foreign aid into a new realm.

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