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JAPAN
May 19, 1998

BOJ keeps discount rate at 0.5%

The Bank of Japan's Policy Board unanimously agreed Tuesday to keep its current easy money policy unchanged, leaving the central bank's official discount rate at a historically low 0.5 percent.
JAPAN
May 19, 1998

KDD-Teleway merger postponed

KDD Co., the nation's largest international telecommunications carrier, and Teleway Japan Corp., a domestic long-distance carrier, Tuesday announced that they will postpone their expected merger date by two months to Dec. 1, saying that they still need more time to negotiate details.
JAPAN
May 19, 1998

DirecTV customers climb to 109,000

DirecTV Japan Management Inc. had 109,000 subscribers in Japan as of Tuesday, said Chairman Gareth Chang in his first release of subscription figures since the firm was launched in December.
JAPAN
May 19, 1998

New ticket system prevents train-fare cheating

A new system to prevent passengers from cheating fares with train passes, a scam that has cost East Japan Railway Co. an estimated 7 billion yen in annual sales, seems to be working, the company said Tuesday.
JAPAN
May 19, 1998

Censured officials barred from Financial Supervision Agency

Finance Ministry officials punished for receiving excessive entertainment will not work at the new Financial Supervision Agency, Finance Minister Hikaru Matsunaga said Tuesday.
JAPAN
May 19, 1998

Bus passes help reduce fares, pollution

Staff writer
JAPAN
May 19, 1998

English ideas sought for next century

The Tsuzuki Integrated Educational Institute is seeking contestants for its "Asia Pacific Cup" English presentation contest to be held at Daiichi University of Economics in Daizaifu, Fukuoka Prefecture, on Aug. 2.
JAPAN
May 19, 1998

Keidanren chief passes torch to Imai

Japan has pushed deregulation forward during the past four years, but there is still more to be done, said Shoichiro Toyoda, outgoing chairman of the Japan Federation of Economic Organizations (Keidanren), at his final Keidanren press conference Tuesday.
JAPAN
May 18, 1998

First evacuee charter planes return from Indonesia

The first four commercial planes sent to help evacuate Japanese nationals from riot-torn Indonesia arrived Monday at Narita airport in Chiba Prefecture, carrying about 1,000 people.
JAPAN
May 18, 1998

Indonesia Web site links stranded nationals with outside world

A World Wide Web site created by representatives of Japanese firms in Indonesia has become a crucial source of information for those both in and out of the country.
JAPAN
May 18, 1998

Deutsche Telekom presents fiscal '97 results in Tokyo

Completion of long-range projects in Germany and a cut in its workforce helped Deutsche Telekom AG, Europe's largest telecommunications company, to its highest revenues in five years, the firm's leading officers said Monday.
JAPAN
May 18, 1998

Asahi Bank to take over ailing credit union's assets

Asahi Bank announced Monday that it plans to take over the healthy assets and deposits of ailing credit union Seibu Shinyo Kumiai.
JAPAN
May 18, 1998

'Titanic' receipts sink contenders

A megahit American film that won several Oscars in March has posted record ticket sales in Japan, the film's distributor said Monday.
JAPAN
May 18, 1998

Parents deny intending to kill baby

OSAKA -- A couple accused of fatally abusing their 1-year-old daughter denied at their first trial hearing Monday at the Osaka District Court that they had intended to kill her.
JAPAN
May 18, 1998

Man sentenced for groping student on train

A 42-year-old man was given a suspended prison term Monday for molesting a female college student on a Toyoko Line train in February.
JAPAN
May 18, 1998

ASDF planes head to Singapore

Two Air Self-Defense Forces transport planes departed Monday evening for Singapore to stand by for the possible evacuation of Japanese nationals from riot-torn Indonesia.
JAPAN
May 18, 1998

Relieved returnees arrive with worries

The first extra flight from Jakarta brought relief and anxiety for some 300 evacuees arriving Monday morning at Narita airport in Chiba Prefecture.
JAPAN
May 18, 1998

Kenyan ambassador presents credentials

Kenya's new ambassador to Japan presented her credentials to the Emperor last week.
JAPAN
May 18, 1998

Tokyoites less traditional on gender roles

The percentage of men and women in Tokyo believing in traditional gender roles has sharply dropped in the past decade, Tokyo Metropolitan Government officials said Monday.
JAPAN
May 15, 1998

Land agency mulls tactics to raise values

The National Land Agency issued an annual report Friday discussing ways to make efficient use of idle or underutilized land in urban areas to increase property values.
JAPAN
May 15, 1998

Finance Ministry demotes Muto for bribes

Toshiro Muto, director of the Finance Ministry's secretariat, will be demoted Tuesday to take responsibility for a bribery scandal involving ministry officials, Finance Minister Hikaru Matsunaga said Friday.
JAPAN
May 15, 1998

Two Edo copies of Ino maps discovered in library

Two hand-drawn copies of maps made by Ino Tadataka, the first modern cartographer to create precise maps of Japan during the Edo Period, have been discovered in the archives of the Tokyo Metropolitan Central Library, officials said Friday.
JAPAN
May 15, 1998

Matsunaga makes reassurances on Midori absorption

In a statement released Friday, Finance Minister Hikaru Matsunaga said that all deposits at Midori Bank will be transferred to the new bank and that depositors should show proper "conscience behavior."
JAPAN
May 15, 1998

Insurers plan study of Aoba buyout by AIG

Japan's life insurance industry body gave the green light Friday to begin a preliminary study into whether Aoba Life Insurance Co. might be sold to U.S. insurance giant American International Group Inc.
JAPAN
May 15, 1998

Weak economy means big business for movers

Staff writer
JAPAN
May 15, 1998

Most second-tier brokerages log pretax losses for '97

Eight of the nation's nine second-tier brokerages posted pretax losses for the year that ended in March, according to earnings reports released by Friday, indicating that individual investors are still not returning to the stock market.
JAPAN
May 15, 1998

Japan Tobacco is taken to court

Hoping to turn Japan's tobacco industry on its head, seven sufferers from tobacco-related illnesses and their lawyers filed a lawsuit against Japan Tobacco Inc. and the government Friday at Tokyo District Court.
JAPAN
May 15, 1998

Tokyo bolsters warning against Indonesia travel

The government issued a stronger official warning Friday on Indonesia, urging people to refrain from traveling there until the situation stabilizes, Chief Cabinet Secretary Kanezo Muraoka said.
JAPAN
May 15, 1998

Diet passes disaster relief bill

A bill to offer public assistance to victims of natural disasters passed the Diet on Friday with the support of all non-Communist parties.
JAPAN
May 15, 1998

Nikko-affiliated brokerages to merge

Three brokerages linked to Nikko Securities Co. formally agreed Friday to brave the upcoming wave of financial deregulation by merging on Oct. 1.

Longform

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