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JAPAN
Oct 14, 1998

Jamaican leader joins economic chorus

Staff writerJamaican Prime Minister Percival Patterson urged Japan on Monday to make an early economic recovery because its weakness negatively impacts not only Jamaica but the international community as a whole."The problems which have occurred in the Japanese economy extend well beyond Japan itself....
JAPAN
Oct 14, 1998

Last payments set for victims of Aum

A total of 960 million yen will be paid to about 2,100 claimants for damages from Aum Shinrikyo -- many of them victims of crimes blamed on the cult -- early next week, lawyers for Aum's bankruptcy case said Wednesday at a claimants' meeting in Tokyo.Saburo Abe, a lawyer who has worked as an administrator...
JAPAN
Oct 14, 1998

Push banks to accept public funds, council urges

The government should take the initiative to quickly inject tens of trillions of yen in public money into the nation's major banks to boost their capital bases and ease the credit crunch, a special advisory panel to Prime Minister Keizo Obuchi proposed Wednesday.The Strategic Economic Council, headed...
JAPAN
Oct 14, 1998

High-level deregulation talks to convene in Washington

Japan and the United States will hold high-level talks on deregulation Nov. 6 in Washington to exchange views on procedures of the deregulation dialogue between the two countries, Foreign Ministry officials said Wednesday.At working-level talks on deregulation, the U.S. side said that it hopes to compile...
JAPAN
Oct 14, 1998

Corporate failures in first half surge to postwar high

The number of corporate bankruptcies with debts of more than 10 million yen each totaled 10,034 during the first half of fiscal 1998 -- the April to September period -- major corporate research firm Teikoku Databank said Wednesday.It was the first time in 14 years the figure has exceeded 10,000 during...
JAPAN
Oct 14, 1998

Chiyoda Life, UNUM boost tieup

Chiyoda Mutual Life Insurance Co. and UNUM Corp., a major nonlife insurer in the United States, have agreed to strengthen their current sales tieup arrangements, with Chiyoda reinsuring UNUM's insurance contracts, the two companies said Wednesday.With the agreement, Chiyoda is the nation's first life...
JAPAN
Oct 14, 1998

Daiei reports first-half net loss of 983 million yen

Suffering from weak consumer spending and restructuring costs to close poorly performing shops, supermarket giant Daiei Inc. reported a net loss of 983 million yen Wednesday for the March-August period on a nonconsolidated basis.This is the first time the company has posted an after-tax loss in an interim...
JAPAN
Oct 14, 1998

'Systematic' coverup denied in Defense Agency report

The Defense Agency on Wednesday officially denied that it attempted to cover up the ongoing procurement overcharging scandal, while admitting some related evidence had been destroyed shortly before the Sept. 3 raid on the agency.In an interim in-house investigation report released by Defense Agency...
JAPAN
Oct 14, 1998

Proposed Games sites tested for dioxin

OSAKA -- City officials on Wednesday tested soil and water for dioxin around two man-made islands in Osaka Bay that are the proposed sites of the 2008 Summer Olympics and Olympian Village.The tests were conducted in areas surrounding Maishima and Yumeshima, which were created using the soil and ash...
JAPAN
Oct 13, 1998

Nippon Life, Putnam seal investment trust tieup deal

Nippon Life Insurance Co. and Putnam Investments of the United States sealed an agreement Tuesday to strengthen their ties in investment trust sales.Under their alliance, the two firms will jointly develop and retail investment trust products and provide asset management services, officials of the two...
JAPAN
Oct 13, 1998

Bidding leaks alleged at JNR Settlements

The Transport Ministry will investigate whether officials of Japanese National Railways Settlements Corp. leaked information to Obayashi Corp., a major general contractor, prior to bidding on property holdings, Transport Minister Jiro Kawasaki said Tuesday."We will look into the matter instead of leaving...
JAPAN
Oct 13, 1998

BOJ board maintains money policy, considers new moves

The Bank of Japan's Policy Board agreed Tuesday by a majority vote to keep its monetary policy unchanged, the central bank said.It is believed that the decision reflects a view shared by most financial experts that there is little room for another interest rate cut to spur the crippled economy.At a...
JAPAN
Oct 13, 1998

Northeast Asia security forum to go 'track 1'

Staff writerJapan, the United States and Russia will inaugurate an official security-dialogue forum as early as next year to discuss the Northeast Asian situation and possible security cooperation among the three major players in the region, government sources said Tuesday.The three countries will upgrade...
JAPAN
Oct 13, 1998

Bank bill clears Lower House; enactment seen Friday

The new bank recapitalization bill designed to keep capital-short banks afloat cleared the Lower House Tuesday and was immediately sent to the Upper House, which is expected to enact the measure Friday.
JAPAN
Oct 13, 1998

Container data for nuclear fuel labels doctored

A Tokyo-based engineering firm affiliated with Japan Atomic Power Co. falsified data on a container for transporting mixed oxide fuel to be used in planned thermal neutron reactors, Transport Minister Jiro Kawasaki said Tuesday.Genden Engineering Services and Construction Co. tampered with the data...
JAPAN
Oct 13, 1998

Infrastructure meeting spotlights e-commerce

The Global Information Infrastructure Commission ended a two-day meeting Tuesday in Tokyo with a joint statement calling for more concerted actions by business and governments to expand electronic commerce and telecommunications infrastructure development.Participating members from the forum, which...
JAPAN
Oct 13, 1998

Tax evasion, bribes earn Izui two years in prison

The Tokyo District Court sentenced oil dealer Junichi Izui to two years in prison Tuesday for tax evasion and bribery, and acquitted him on a fraud charge over a series of oil deals involving Mitsui Mining Co. and other firms.Presiding Judge Kohei Ikeda also levied 80 million yen in fines against the...
JAPAN
Oct 13, 1998

Lawmakers to pursue apology for failed emigration plan

Three lawmakers said Tuesday they will form a nonpartisan league that will urge the government to compensate hundreds of Japanese who moved to the Dominican Republic 40 years ago under a failed Foreign Ministry emigration program.More than 10 Diet members are expected to join the league by the time...
JAPAN
Oct 13, 1998

Crime soars to postwar record

The number of reported Penal Code violations in 1997 hit another postwar record of 2.518 million, up some 52,600 from the year before, according to an annual government report on crime released Tuesday.The 1998 crime white paper, which includes an overview of last year's general criminal trends and...
JAPAN
Oct 13, 1998

Jiang to hear war apology during visit

Tokyo plans to express "remorse and apology" to China in a joint statement the two countries will issue when Chinese President Jiang Zemin visits Japan, Foreign Minister Masahiko Komura hinted Tuesday.Jiang hopes to visit Japan later this year, according to ministry officials.Komura told a news conference...
JAPAN
Oct 13, 1998

Surgeon applauds 'advanced' donor card rule

Japan's donor card rule, termed the world's most restrictive, has been blamed by organ transplant promoters for the delay in establishing the life-saving procedure in Japan. Satoru Todo, a world-renowned liver transplant surgeon, disagrees.From a different angle, the donor card rule is "the most advanced"...
JAPAN
Oct 13, 1998

SmithKline wins 3 billion yen lawsuit

SmithKline Beecham Seiyaku K.K. was awarded some 3 billion yen in damages in a patent infringement lawsuit, the largest compensation ordered in such a case in Japan, the drug maker said.The Tokyo District Court ruled Monday that Fujimoto Seiyaku Co., a drug maker based in Osaka Prefecture, sold an ulcer...
JAPAN
Oct 13, 1998

TV, photo ban nearly over for sworn Diet testimony

The Lower House voted unanimously Tuesday on a bill to lift the ban on photographing and televising people giving sworn testimony before the Diet.All political parties in the chamber supported the bill, which would revise the Diet Testimony Law, during a plenary session. The bill was immediately sent...
JAPAN
Oct 13, 1998

Yeltsin to give answer on isle row when Obuchi visits

Russian President Boris Yeltsin will respond to Japan's new proposal on resolving the islands dispute between Japan and Russia in mid-November, when Prime Minister Keizo Obuchi makes an official visit to Moscow, ministry officials said Tuesday.The message from Alexander Panov, the Russian ambassador...
JAPAN
Oct 12, 1998

Bandai founder left 2.65 billion yen estate

The late Naoharu Yamashina, founder of toy manufacturer Bandai Co., the maker of the popular electronic pet Tamagotchi, left behind an estate worth 2.65 billion yen when he died last October at age 79, Tokyo's Shinagawa Taxation Bureau said Monday.Savings and stocks make up the core of the inheritance...
JAPAN
Oct 12, 1998

NPA bucks Justice plan to scrap fingerprinting

The Justice Ministry and National Police Agency are at sharp odds over the ministry's recent announcement that it plans to abolish the practice of fingerprinting foreigners living in Japan.The Liberal Democratic Party's subcommittee on immigration policies basically approved the ministry's stance Thursday,...
JAPAN
Oct 12, 1998

Bank bill nears passage as LDP gains two allies

A new bank recapitalization bill is expected to clear the Lower House today and the Upper House by the end of this week as at least two opposition parties have agreed to jointly propose the bill put forward by the ruling Liberal Democratic Party.
JAPAN
Oct 12, 1998

EU pressures Japan for speedy recovery to rescue Asia

The European Union on Monday called on Japan to enact policies to expand its economy so the nation can lead Asia out of its crises, Foreign Ministry officials said.At a meeting of ministers from Japan and the EU, Sir Leon Brittan, vice president of the European Commission, the EU's executive arm, said...
JAPAN
Oct 12, 1998

Heart expert favors alternatives to transplants

Staff writerInstead of organ transplants, more thought should be given to alternatives such as use of artificial organs, cardiology expert Hiroshi Yamaguchi says.He opposes making transplants from brain-dead donors standard treatment. "Organ transplants are not something almighty. I think the demerits...
JAPAN
Oct 12, 1998

Komura, OECD chief eye investment liberalization pact

Foreign Minister Masahiko Komura and Donald Johnston, head of the Organization for Economic Cooperation and Development, agreed Monday on the importance of concluding an investment liberalization agreement, especially given the current economic turbulence, ministry officials said.OECD member states...

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