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JAPAN
Dec 25, 1997

Aum gas-attack damages raised to 1.12 billion yen

The court-appointed trustee of the Aum Shinrikyo religious cult agreed Thursday to raise the amount of damages payable to victims of the 1995 Tokyo subway gas attack by 27 million yen.
JAPAN
Dec 25, 1997

Packard Bell NEC to get additional support from parent

NEC Corp. announced Thursday that it will increase its support and control over Packard Bell NEC, Inc. in the United States by providing loans and sending an additional director from NEC.
JAPAN
Dec 25, 1997

Ascii to join CSK group

Ascii Corp., a major game software maker and a publisher of computer magazines, will become part of the group led by major information service firm CSK Corp. by issuing new shares to CSK and game machine giant Sega Enterprises Ltd., the three companies announced Thursday.
JAPAN
Dec 25, 1997

First 1998 Diet session to open January 12

The Cabinet will decide today to convene the 1998 regular Diet session on Jan. 12, a week earlier than originally planned, so deliberations on a supplementary budget for 1997 can start quickly after the New Year's holidays, Chief Cabinet Secretary Kanezo Muraoka said Thursday.
JAPAN
Dec 25, 1997

Minister favors conversion of wards into municipalities

Home Affairs Minister Mitsuhiro Uesugi has expressed support for a plan to convert Tokyo's 23 wards into full-fledged municipal bodies, Tokyo Gov. Yukio Aoshima said Thursday.
JAPAN
Dec 25, 1997

Osaka reveals abuse of 1.33 billion yen in taxpayers' funds

OSAKA -- Osaka Gov. "Knock" Yokoyama formally announced here Thursday that 1.33 billion yen in taxpayers' money was misused by the prefectural government between 1994 and 1997.
JAPAN
Dec 24, 1997

Finance pushes back key banking reform

In a bid to end a cautious trend in bank lending, the Finance Ministry said Wednesday it will essentially push back by one year the planned introduction of stricter capital requirements for banks operating solely in Japan.
JAPAN
Dec 24, 1997

TV Tokyo apologizes to Diet over injurious animation

The president of TV Tokyo apologized Wednesday before the Diet for the bizarre health problems suffered last week by viewers of an animated television program.
JAPAN
Dec 24, 1997

Chubu gets airport funds in '98 budget

Money for the construction of Chubu International Airport in Aichi Prefecture was restored Wednesday to the fiscal 1998 budget during negotiations between the Finance and Transport ministers.
JAPAN
Dec 24, 1997

Koreans file lawsuit over wartime back pay

OSAKA -- Two Koreans employed at a Japanese steel factory during World War II filed a lawsuit with the Osaka District Court Wednesday demanding that the national government and Nippon Steel Corp. pay them the arrears of their wages.
JAPAN
Dec 24, 1997

Nago mayor accepts plan for U.S. heliport

Tetsuya Higa, mayor of Nago, Okinawa Prefecture, said Wednesday his city will accept the government's plan to build a sea-based heliport there for use by the U.S. military.
JAPAN
Dec 24, 1997

Honda plans to increase U.S. auto production

Honda Motor Co. announced on Wednesday that by the end of 2001, it will increase its annual production capacity in the United States and Canada to more than 1 million vehicles from the current level of 790,000 units.
JAPAN
Dec 24, 1997

Water-meter firms found guilty of bid-rigging

The Tokyo High Court on Wednesday found 25 water meter manufacturers and 34 of their employees guilty of rigging bids for Tokyo Metropolitan Government contracts in violation of the Anti-Monopoly Law.
JAPAN
Dec 24, 1997

Extra guarantees sought for Deposit Insurance Corp.

The government should extend additional guarantees of up to 10 trillion yen to Deposit Insurance Corp. to help boost financial institutions' capital and prevent their collapse, the ruling Liberal Democratic Party basically decided Wednesday.
JAPAN
Dec 24, 1997

Fortune names Sony chief Idei as Asia's top executive

U.S. business magazine Fortune has announced that Sony Corp. President Nobuyuki Idei has been chosen as its first Businessman of the Year in Asia.
JAPAN
Dec 24, 1997

Another public funds scheme hatched

Mitsuo Horiuchi, minister for international trade and industry, on Wednesday urged financial authorities to consider using public funds for an investment cooperative that would purchase corporate shares held by banks.
JAPAN
Dec 24, 1997

LDP's Kato suggests regional banks close overseas units

In another attempt to ease the growing credit crunch, Koichi Kato, secretary general of the ruling Liberal Democratic Party, has urged Japan's regional banks to close their international operations and focus on supplying more funds to local companies.
JAPAN
Dec 24, 1997

Large-store law to be scrapped, revised

The government said Wednesday it will scrap the Large-Scale Retail Stores Law law, which restricts operations of large-scale retailers, and implement new rules to protect the surrounding neighborhood when new large retail stores are opened.
JAPAN
Dec 24, 1997

Heroic actor Toshiro Mifune dead at age 77

Actor Toshiro Mifune, who appeared in 16 Akira Kurosawa films, including "Rashomon" in 1950 and "Seven Samurai" in 1954, died Wednesday night at a hospital in Mitaka, Tokyo. He was 77.
JAPAN
Dec 23, 1997

LDP lawmaker resigns from fiscal panel amid allegations

The secretary general of the Liberal Democratic Party's financial stability subcommittee has stepped down from that and another panel amid allegations he profited from Nikko Securities Co. through dubious equity investments made on his behalf, LDP sources said Tuesday.
JAPAN
Dec 23, 1997

'Pocket Monsters' show on hold as investigation continues

TV Tokyo has announced it will suspend broadcasts of the popular "Pocket Monsters" cartoon series pending an investigation into last week's outbreak of convulsions and fainting that afflicted about 700 viewers.
JAPAN
Dec 23, 1997

Maruso Securities files for bankruptcy

Midsize brokerage house Maruso Securities Co. filed a petition Tuesday with the Tokyo District Court for permission to start voluntary bankruptcy proceedings, court officials said.
JAPAN
Dec 23, 1997

Feature: Horse-drawn globe-trotters come to Japan

Staff writer
JAPAN
Dec 22, 1997

Two Shinshinto members to defect

Two more members of Shinshinto said Monday that they are leaving the largest opposition party, becoming the first politicians to defect since Ichiro Ozawa was re-elected party chief last week.
JAPAN
Dec 22, 1997

Hashimoto concerned with Nikkei's slide

Prime Minister Ryutaro Hashimoto said Monday he was "very concerned" that the Tokyo Stock Exchange's key barometer has dropped below 15,000 yen.
JAPAN
Dec 22, 1997

LDP member admits profiting from shady Nikko stock deals

An LDP Lower House member became entangled in the scandals enveloping the country's four major brokerages Monday when he admitted to receiving profits from Nikko Securities Co. through dubious equity investments.
JAPAN
Dec 22, 1997

Economic worries send TSE below 15,000 level

The Tokyo stock market ended sharply lower Monday, with the downtrend in share prices continuing unabated amid growing worries about the ailing economy.
JAPAN
Dec 22, 1997

Daiwa Bank, IBM form data managing venture

Daiwa Bank and IBM Japan Ltd. said Monday they have agreed to form a joint venture that will develop and operate information systems for the commercial bank.
JAPAN
Dec 22, 1997

State delays response to Nago referendum

Prime Minister Ryutaro Hashimoto said on Monday that his government will wait until local authorities in Okinawa Prefecture make a final decision on whether to accept a controversial heliport project before responding to its rejection by plebiscite Sunday in Nago.
JAPAN
Dec 22, 1997

Mitsuzuka tells banks to avoid credit crunch

Finance Minister Hiroshi Mitsuzuka called on the banking industry Monday to take strict steps to ensure there would be no credit crunch toward the end of the year -- a situation anxiously anticipated by many small businesses.

Longform

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