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JAPAN
Oct 28, 1998

WTO sides with U.S. in apple trade dispute

The WTO's dispute settlement panel on Tuesday agreed with the U.S. that Japan's required plant quarantines for testing apples and other produce is effectively a trade barrier.In its final report on the so-called apple dispute, the panel of the Geneva-based World Trade Organization told Japan to simplify...
JAPAN
Oct 28, 1998

DPJ comes up with new defense guidelines proposal

While bills to implement the revised Japan-U.S. defense cooperation guidelines are being suspended in the Diet, the Democratic Party of Japan -- the largest opposition party -- released new proposals Wednesday, calling for the bills' early passage by the Diet.In the draft proposals, the DPJ shows a...
JAPAN
Oct 28, 1998

BOJ board agrees to leave monetary policy unchanged

The Bank of Japan's Policy Board has agreed to keep its monetary policy unchanged, the central bank said Wednesday.The decision, adopted by a majority vote of the board's nine members, reflects a view shared by most financial experts that there is little room for another interest rate cut to spur the...
JAPAN
Oct 28, 1998

Industrial production rose 2.5% in September

Industrial production in September increased by 2.5 percent from August, the first gain in three months, according to a preliminary report released Wednesday by the Ministry of International Trade and Industry.The seasonally adjusted production index for the nation's mining and manufacturing sectors...
JAPAN
Oct 28, 1998

Amway says it will change distribution system

Amway Japan Ltd., a direct marketer of household goods and food, will introduce a new distribution system next month to increase the transparency of its business, Amway officials said Wednesday.The head of the Japan Consumer Information Center told a Diet committee last year that the center had received...
JAPAN
Oct 28, 1998

Nippon Iridium delays debut for trial launch

Nippon Iridium Corp. will on Nov. 1 launch a trial of its new satellite cellular phone service, rather than full-scale service as initially planned, to test whether full service can be offered when users travel abroad, it was announced Wednesday.According to the company, it will not charge a basic monthly...
JAPAN
Oct 28, 1998

Canada study fair to held at embassy

An information fair for students interested in studying at high schools in Canada will be held Tuesday at the Canadian Embassy in Tokyo.Information on 10 public school districts in British Columbia will be available, and school representatives and former exchange students will give presentations and...
JAPAN
Oct 28, 1998

Major oil firms announce industry-leading merger

Nippon Oil Co., Japan's second-largest petroleum distributor, and Mitsubishi Oil Co., its sixth-largest, have reached a basic agreement to merge into what will be the nation's largest petroleum company on April 1.The move, announced Wednesday by the companies' presidents, is intended to fend off intensifying...
JAPAN
Oct 27, 1998

Gateway begins PC trade-up service

The visiting chairman and CEO of major South Dakota-based PC maker Gateway2000 Inc. announced the launch Tuesday in Tokyo of a new sales program that the company claims is Japan's first PC trade-up service.Theodore Waitt, who established the leading computer maker in 1985, said the "Your Ware" program...
JAPAN
Oct 27, 1998

Tsukiji to reveal fish market's inner sanctum

The Tsukiji Market in Tokyo's Chuo Ward will fully open to the public for the first time ever during a two-day event offering fish and produce at bargain prices.The event, to take place on Nov. 6 and 7 from 6 a.m. to 1 p.m., will provide the public with a rare chance to enter the inner market, which...
JAPAN
Oct 27, 1998

10 trillion yen emergency stimulus due Nov. 16

The government will draw up an emergency economic stimulus package worth more than 10 trillion yen by Nov. 16 as the major pillar of the third supplementary budget for fiscal 1998, the Cabinet agreed Tuesday.The third extra budget for the current business year will be submitted to an extraordinary Diet...
JAPAN
Oct 27, 1998

Tax panel debates deduction of housing loan interest

The government Tax Commission on Tuesday debated the idea of deducting housing loan interest.At a general meeting of the advisory panel to the prime minister, six of some 30 panel members voiced pros and cons about the idea while broadly discussing tax reductions to stimulate the moribund economy as...
JAPAN
Oct 27, 1998

Asahi Breweries assessed 700 million yen tax penalty

The Tokyo Taxation Bureau imposed about 700 million yen in penalties and back taxes last year on Asahi Breweries Ltd. for its failure to declare 1.69 billion yen in income transferred to an overseas finance subsidiary over five years through 1995, industry sources said Tuesday.But the Tokyo-based major...
JAPAN
Oct 27, 1998

Hino Motors posts 21 billion yen first-half loss

Leading truck maker Hino Motors Ltd. plunged into red ink in the first half of the current fiscal year, with sales decreasing mainly due to the Asian economic crisis and the prolonged recession in Japan, the company said on Tuesday.Unconsolidated net losses for the April-September period were reported...
JAPAN
Oct 27, 1998

Tokyo security forum to discuss Asia-Pacific crisis

Defense policymakers from 20 countries in the Asia-Pacific region gathered Tuesday in Tokyo to kick off a three-day international forum on regional security.Participants in the Forum for Defense Authorities in the Asia Pacific Region include senior defense officials from China, India, South Korea, Russia,...
JAPAN
Oct 27, 1998

Seafood exec held over tainted salmon roe sales

SAPPORO -- The former president of a fish processing firm in Hokkaido was arrested Tuesday on suspicion of having knowingly sold salmon roe tainted with E. coli bacteria, which sickened dozens of people nationwide, police officials said.The arrest reportedly marks the first time a food company manager...
JAPAN
Oct 27, 1998

Ratio of job offers to seekers hits new low

The number of job offers to job seekers hit a postwar low in September, dropping to 0.49 from 0.50 in August, the Labor Ministry said Tuesday.With only 49 job offers for every 100 people looking for work, the seasonally adjusted ratio gauging labor demand continues a steady decline that began when the...
JAPAN
Oct 27, 1998

Small firms call out for faster government action

Small and medium-size companies urged the government Tuesday to accelerate efforts to substantially improve their business conditions, including early compilation of a large-scale third supplementary budget."Small and medium-size companies are facing an unprecedented crisis. We want the government to...
JAPAN
Oct 27, 1998

FSA to spell out bank funding law to bankers

The Financial Supervisory Agency will meet with representatives from 18 major banks today to explain the newly enacted bank recapitalization law, a senior agency official said Tuesday.The briefing is intended to encourage banks to voluntarily apply for capital injection of public funds under the new...
JAPAN
Oct 27, 1998

Nomura shareholders settle for 380 million yen

Three Nomura Securities shareholders who filed a lawsuit against former executives of the brokerage for compensation over their alleged involvement in illegal payoffs to a "sokaiya" corporate extortionist agreed to a 380 million yen out-of-court settlement Tuesday.The investors filed three damages suits...
JAPAN
Oct 27, 1998

LDP starts wooing opposition parties

The Liberal Democratic Party, which lacks a majority in the Upper House, began policy discussions Tuesday with opposition groups Shinto Heiwa (New Peace Party,) Komei and the Liberal Party in a bid to forge closer ties with the opposition camp.The LDP hopes to forge better links with Shinto Heiwa (New...
JAPAN
Oct 27, 1998

Toshiba, Hitachi report huge midterm losses

Plagued by the prolonged economic slump and falling semiconductor prices worldwide, electronics giants Toshiba Corp. and Hitachi Ltd. on Tuesday reported their first midterm net losses in decades.And they were huge. Hitachi Ltd. posted an unconsolidated net loss of 124.7 billion yen -- the first midterm...
JAPAN
Oct 26, 1998

Aussie school offers funds for Japanese grad students

Recognizing its role in strengthening ties between Australia and Japan, the Australian National University last week announced the creation of a new scholarship for Japanese graduate students.The scholarship will provide tuition and other expenses for three years of graduate study in any discipline...
JAPAN
Oct 26, 1998

400 gather to remember Reischauer widow

Some 400 Japanese and Americans who have long been involved in promoting bilateral relations shared warm remembrances of Haru Matsukata Reischauer Monday during a special tribute to the wife of the late U.S. Ambassador to Japan, Edwin Reischauer.Haru died in California on Sept. 23 at age 83.In a simple...
JAPAN
Oct 26, 1998

Hayami asks banks to seek funds

BOJ Gov. Masaru Hayami on Monday again called on banks to avail themselves of the government's newly legislated recapitalization scheme.Speaking at the Bank of Japan's quarterly meeting of branch managers at BOJ headquarters in Tokyo, Hayami urged financial institutions to accelerate the cleanup of...
JAPAN
Oct 26, 1998

'Air Do' gets go-ahead for Sapporo-to-Tokyo flights

Hokkaido International Airlines obtained a license Monday from the Transport Ministry to operate regular passenger flights between Sapporo and Tokyo, thus becoming the second new carrier to enter the domestic airline market under ongoing deregulation efforts.The Sapporo-based firm, better known as "Air...
JAPAN
Oct 26, 1998

Software exports cut by half in '97

Computer software exports in 1997 tumbled to roughly half of the previous year's levels, due mainly to the Asian economic crisis, a joint survey released Monday by four industry associations in Japan and the U.S. indicated.Exports totaled 2.8 billion yen, while imports increased by 20.7 percent to hit...
JAPAN
Oct 26, 1998

Kuwait seeks more investment from Japan

Kuwait hopes to attract more Japanese investment when it enacts a new investment law, Kuwaiti Deputy Prime Minister and Foreign Minister Sabah Al Ahmad Al Sabah told Prime Minister Keizo Obuchi on Monday.Sabah told Obuchi that Kuwait wants to expand relations with Japan in various areas, especially...
JAPAN
Oct 26, 1998

Organized crime on rise, top prosecutor warns

Crimes in Japan are becoming increasingly organized, global and technologically advanced, but the public is not fully aware of the changing face of crime, the nation's highest-ranking prosecutor said Monday.Speaking at the Japan National Press Club, Public Prosecutor General Keisuke Kitajima said that...
JAPAN
Oct 23, 1998

Matsushita opens R&D site in Apple's neighborhood

OSAKA -- Matsushita Electric Industrial Co. has opened a digital technology research and development center in Cupertino, Calif., the company said.The Panasonic Digital Concept Center aims to develop technologies for computerized consumer electric products that also feature information equipment functions,...

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