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JAPAN
Aug 20, 1998

Politicians assure Keidanren that banks won't fail

Yukihiko Ikeda, policy affairs chief of the Liberal Democratic Party, told executives of the Japan Federation of Economic Organizations (Keidanren) Thursday that the political side will play its part in preventing the failure of major Japanese financial institutions.
JAPAN
Aug 20, 1998

Japan Development Bank eyed as tap for smaller firms

The Finance Ministry will consider how the government-affiliated Japan Development Bank could be used to supply funds to smaller firms struggling with a credit crunch, Vice Finance Minister Koji Tanami said Thursday.
JAPAN
Aug 20, 1998

Obuchi denies news reports of LTCB fund infusion plan

Prime Minister Keizo Obuchi denied media reports Thursday that the government has decided to inject public funds into the ailing Long-Term Credit Bank of Japan to expedite LTCB's proposed merger with Sumitomo Trust & Banking Co.
JAPAN
Aug 20, 1998

Weather watchers forecast warm autumn

Temperatures will be higher than average over the Japanese archipelago in September, while weather in November will be colder than normal in most areas of the country, the Meteorological Agency said in a three-month forecast released Thursday.
JAPAN
Aug 20, 1998

100 homeless face shelter eviction

Nearly 100 homeless people evicted from their cardboard shantytown near Shinjuku Station in February may have to vacate their current shelters this fall.
JAPAN
Aug 20, 1998

July surplus soars 57% in 16th consecutive rise

The nation's surplus in merchandise trade soared 56.8 percent in July from a year earlier to 1.316 trillion yen, logging an increase for the 16th consecutive month, according to preliminary figures released Thursday.
JAPAN
Aug 19, 1998

BOJ should prop banks that fail, Miyazawa says

The Bank of Japan should extend emergency loans to troubled major banks to prevent the enormous impact their failure will have on Japanese and global financial systems, Finance Minister Kiichi Miyazawa said Wednesday.
JAPAN
Aug 19, 1998

TBWA to buy majority stake in ad firm Nippo

TBWA Worldwide, the world's ninth-largest advertising agency network, will acquire a majority stake in Nippo Corp., a Japanese advertising agency affiliated with Nissan Motor Co., top executives of the three firms announced Wednesday.
JAPAN
Aug 19, 1998

In with a Bang: Fidelity finds favor in recession

17th in an occasional series on financial deregulation
JAPAN
Aug 19, 1998

Lab seeks to forecast space weather

The Ministry of Posts and Telecommunications said Wednesday it will start research on "space weather forecasts," a system to predict turbulence in the cosmos caused by solar activities.
JAPAN
Aug 19, 1998

Medical schools to slash enrollment

To avoid an oversupply of doctors and dentists in the country, the Education Ministry is considering cutting the number of student admissions to medical and dental schools at Japanese universities by about 200 over the next few years, beginning next spring, it was learned Wednesday.
JAPAN
Aug 19, 1998

Broader student screening for universities seen

More public universities are expected to search beyond students' test-taking skills as they select their freshmen for next spring, the Education Ministry said Wednesday.
JAPAN
Aug 19, 1998

Redress for WWII village slaughter sought

Staff writer
JAPAN
Aug 19, 1998

MITI plans hormone-disrupter rules

Companies may soon be required to tell the government which chemicals they use in an effort to help curb the discharge of artificial substances suspected of disrupting hormones, government officials said Wednesday.
JAPAN
Aug 19, 1998

DPJ, Shinto Heiwa to draft own financial reform bill

The Democratic Party of Japan and Shinto Heiwa (New Peace Party) are expected to jointly draft their own legislation to deal with the nation's teetering financial system to counter bills submitted to the Diet by the government and the ruling Liberal Democratic Party.
JAPAN
Aug 19, 1998

Nonaka eases stance on Okinawa

Chief Cabinet Secretary Hiromu Nonaka said Wednesday he will welcome "constructive" exchanges with Okinawa Gov. Masahide Ota to resolve the issue of U.S. military bases in the prefecture.
JAPAN
Aug 18, 1998

Japanese flee Congo for Gabon

Sixteen Japanese fleeing the turmoil in Congo, formerly known as Zaire, have arrived safely in neighboring Gabon, according to Foreign Ministry officials.
JAPAN
Aug 18, 1998

DIC to aid Namihaya Bank merger through loan purchase

OSAKA -- Deposit Insurance Corp. will purchase roughly 250 billion yen worth of nonperforming loans held by two second-tier regional banks here ahead of their merger in October, sources close to the matter said Tuesday.
JAPAN
Aug 18, 1998

Ministry schedules talks with Iran

Japan and Iran will hold vice-ministerial talks next Monday and Tuesday in Tehran to "deepen mutual understanding," Foreign Ministry officials said Tuesday.
JAPAN
Aug 18, 1998

Finance chiefs push mergers as major failure option

Merging weak major banks with stronger ones is better than using the government's proposed "bridge bank" scheme, Masaharu Hino, chief of the Financial Supervisory Agency, said Tuesday.
JAPAN
Aug 18, 1998

Focus: Nanjing Massacre can't shake ever-changing spin

Iris Chang's controversial book "The Rape of Nanking," which came out last December in the United States, has rekindled debate in Japan over the incident.
JAPAN
Aug 18, 1998

Justice Ministry plans bill to lower criminal age

Justice Minister Shozaburo Nakamura said Tuesday that his ministry will submit a bill revising the Juvenile Law to lower the age at which criminal offenders can be punished, in response to a spate of serious youth crimes.
JAPAN
Aug 18, 1998

Six execs, four scholars named to economic council

The chairman of Asahi Breweries Ltd. and nine others were officially appointed Tuesday to the new Strategic Economic Council, a special advisory panel to Prime Minister Keizo Obuchi.
JAPAN
Aug 18, 1998

Release of FSA results could invade borrowers' privacy

Prime Minister Keizo Obuchi took a reluctant stance Tuesday on making public the results of ongoing regulatory inspections of the country's biggest banks.
JAPAN
Aug 18, 1998

Obuchi defends tax plans

Prime Minister Keizo Obuchi said Tuesday he has no intention to reduce the nation's consumption tax and defended the government's proposed plan to implement nearly 7 trillion yen in cuts in personal income and corporate taxes.
JAPAN
Aug 17, 1998

JAL officials admit payoffs to 'sokaiya'; pair arrested

Police arrested two members of a "sokaiya" corporate extortionist group Monday on suspicion of receiving about 23 million yen over 2 1/2 years from Japan Airlines Co. in violation of the Commercial Code.
JAPAN
Aug 17, 1998

Nikkei sinks under 15,000 as yen falls

The Nikkei stock average tumbled below 15,000 Monday as shares fell broadly amid fears of a possible synchronized global stock market rout.
JAPAN
Aug 17, 1998

Enterprise Spirit: Game distributor finds right outlet

20th in a series of occasional articles on venture businesses
JAPAN
Aug 17, 1998

Japan to go WTO over Massachusetts' Myanmar law

Staff writer
JAPAN
Aug 17, 1998

Unit 731 members detail wartime experiences

A live teleconference Monday between Tokyo and Los Angeles enabled two former members of the Imperial Japanese Army -- both banned from entering the United States -- to testify before American citizens.

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