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JAPAN
Oct 3, 1997

Flat Pepsi hopes Suntory will add some fizz

Suntory Ltd. will become PepsiCo, Inc.'s master franchise in Japan for the next 30 years, managing all marketing, production and distribution of the American company's soft drinks, the two companies announced Oct. 3.The move is aimed at boosting sales in Japan by forming a sales and marketing alliance,...
JAPAN
Oct 3, 1997

Yasuda Trust anticipates 76 billion yen loss in first half

Yasuda Trust & Banking Co. expects a pretax loss of 76 billion yen in the first half of fiscal 1997 as it plans to write off nonperforming loans worth 93 billion yen, the bank announced Oct. 3.Following the move initiated in September by the Bank of Tokyo-Mitsubishi, Yasuda will accelerate its disposal...
JAPAN
Oct 3, 1997

Hashimoto announces plans to stimulate economy

Describing the state of the economy as "extremely bad," Prime Minister Ryutaro Hashimoto said Oct. 3 the government will cut corporate tax rates and accelerate the decontrol of land transactions to give it new life.A comprehensive package of such measures will be worked out and announced by the end...
JAPAN
Oct 3, 1997

SDP doubts worth of postal reform proposal

The Social Democratic Party, one of two non-Cabinet allies of the ruling Liberal Democratic Party, questioned on Oct. 3 the wisdom of a government panel's proposal to break up the Posts and Telecommunications Ministry.During an Upper House plenary session debate, SDP policy chief Kazuo Oikawa said in...
JAPAN
Oct 3, 1997

Think tanks project growth of less than 1%

Six private think tanks and one bank have lowered their projections of real economic growth for the current fiscal year, most of them to less than 1 percent.Forecasts by the institutions range from 1.1 percent to minus 0.5 percent growth in fiscal 1997, which ends in March. The pessimism reflects prolonged...
JAPAN
Oct 3, 1997

Reduced ODA will still travel far, white paper says

Although the amount of Japan's official development assistance is on the decline, such aid will continue to play an important role in combating environmental destruction and poverty in developing countries, an ODA white paper released Oct. 3 says.Japan needs to aggressively tackle these issues through...
JAPAN
Oct 3, 1997

Greenhouse gas target is a 'joke,' WWF says

Japan's recent proposal to reduce greenhouse gas emissions by 5 percent below 1990 levels by 2010 is a "joke" that will result in too little being done too late, a representative of the World Wide Fund for Nature said during a luncheon Oct. 3 at the Foreign Correspondents' Club of Japan.With less than...
JAPAN
Oct 3, 1997

Defense Agency reshuffles top posts

The Defense Agency will appoint Adm. Kazuya Natsukawa, chief of staff of the Maritime Self-Defense Force, as the new chairman of the Joint Staff Council to succeed Gen. Shigeru Sugiyama, it was announced Oct. 3.Vice Adm. Yasumasa Yamamoto, commander of the Yokosuka district, will replace Natsukawa as...
JAPAN
Oct 3, 1997

Heliport implementation plan due by November

The government will submit to Okinawa Prefecture by November a rough draft of the plan for building a U.S. Marine helicopter facility offshore Nago, officials of the Defense Facilities Administration Agency said Oct. 3.The planned facility is designed to replace Futenma Air Station in Ginowan.In the...
JAPAN
Oct 3, 1997

Ruling party, allies to send delegation to North Korea

The ruling Liberal Democratic Party and its two smaller non-Cabinet allies -- the Social Democratic Party and New Party Sakigake -- will select a joint delegation to visit North Korea, LDP Secretary General Koichi Kato said Oct. 3.The visit, the first of its kind in two and a half years, will be made...
JAPAN
Oct 3, 1997

Piloted maglev breaks world speed record

A magnetically levitated linear motor car set a world record speed for a manned maglev Oct. 3, reaching 451 kph at a test center in Yamanashi Prefecture, officials of Central Japan Railway Co. (JR Tokai) said.The top speed of the three-car MLX01 surpassed the previous record of 450 kph reached in June...
JAPAN
Oct 3, 1997

Parties fail to settle defense pact differences

The three ruling parties have failed to define the geographical scope of the new Japan-U.S. defense cooperation guidelines and will now move on to discuss other aspects of the pact, party officials said Oct. 3.The Liberal Democratic Party, the Social Democratic Party and New Party Sakigake failed to...
JAPAN
Oct 3, 1997

Nikko chairman, president resign over 'sokaiya' payoff scandal

The chairman and president of Nikko Securities Co. resigned along with six other executives Oct. 3 to take responsibility for the firm's involvement in a payoff scandal, completing a sweep of the Big Four brokerages humiliated by a "sokaiya" corporate racketeer.Chairman Takuya Iwasaki and President...
JAPAN
Oct 3, 1997

Emigrants to Dominican Republic slam 'misguided' plan

Sixteen representatives of Japanese emigrants to the Dominican Republic visited the Foreign Ministry on Oct. 3 to protest the nation's "misguided" emigration plan.The emigrants, accompanied by Lower House member Shozo Azuma, submitted a request demanding an official apology and compensation from the...
JAPAN
Oct 2, 1997

German Navy vessels pay visit to Tokyo

Four German Navy ships arrived early Oct. 2 at Tokyo's Harumi Pier, marking the first visit by a German naval vessel to Japan in a decade.The first-ever visit to Japan Oct. 2 by a task force of the Navy of the Federal Republic of Germany coincided with the seventh anniversary Oct. 3 of German unification....
JAPAN
Oct 2, 1997

Arsonist-slayer's life term upheld

A woman's appeal of a life sentence for setting fire to the home of her lover and causing his two children to die was rejected Oct. 2 by the Tokyo High Court.The Hachioji branch of the Tokyo District Court ruled in January 1996 that although Yukie Kitamura, 31, was incapable of sound judgment after...
JAPAN
Oct 2, 1997

Posts Ministry releases policy plan for breakup of NTT

The Posts and Telecommunications Ministry released a draft policy plan Oct. 2 on the reorganization of Nippon Telegraph and Telephone Corp., which will be split into three firms under the control of a single holding company.Under the basic draft, the ministry proposed that the disintegration of NTT,...
JAPAN
Oct 2, 1997

U.S. gets thumbs up for Super 301 ruling

Osamu Watanabe, vice minister for international trade and industry, on Oct. 2 applauded Washington's decision not to list Japan's auto market on a Super 301 retaliatory watch list."I regard the decision as the natural conclusion and I appreciate the U.S. government's just judgment," Watanabe told a...
JAPAN
Oct 2, 1997

Japan to fund repair of Mongolian mine

Staff writerJapan will pledge about 4 billion yen in official loans to Mongolia next week to help rebuild the impoverished and energy-strapped country's Shivee-Ovoo Coal Mine, government officials said Oct. 2.The pledge for Shivee-Ovoo, Mongolia's second largest coal mine, will be made Oct. 7 in Tokyo...
JAPAN
Oct 2, 1997

WebTV to offer Net access via television

WebTV Networks K.K., a wholly owned subsidiary of WebTV Networks, Inc. of the United States, announced Oct. 2 that it will provide an easy-to-handle television Internet access service starting Dec. 1.By connecting the WebTV Internet Terminal that has been specially developed by Sony Corp. to a television...
JAPAN
Oct 2, 1997

LDP slams postal privatization plan

The ruling Liberal Democratic Party announced its opposition Oct. 2 to a proposal by a government advisory panel to privatize two of the three postal services currently provided by the Posts and Telecommunications Ministry.During Diet debate, Kenji Manabe, policy chief of the LDP's House of Councilors...
JAPAN
Oct 2, 1997

Actions under defense pact not deemed collective defense

Prime Minister Ryutaro Hashimoto said actions taken under the revised guidelines for Japan-U.S. defense cooperation will not be interpreted as collective defense, which is banned by the Constitution.Identifying emergency situations that "have an important influence on Japan's peace and security" as...
JAPAN
Oct 2, 1997

Internet carriers from four nations plan Asia-Pacific network

Carriers from South Korea, Australia, Hong Kong and Japan will sign a deal later this month to connect their Internet circuits, KDD President Tadashi Nishimoto said Oct. 2.DACOM Corp. of South Korea, Telstra Corp. of Australia, Hong Kong Telecommunications and KDD will sign a memorandum in the middle...
JAPAN
Oct 2, 1997

Scandinavian envoys ask Japan to rethink ODA cuts

The ambassadors of Denmark, Finland, Norway and Sweden on Oct. 2 asked Tokyo to reconsider its intention to cut official development assistance by 10 percent in fiscal 1998, particularly cuts in Tokyo's voluntary disbursement to international organizations, a Foreign Ministry official said.The ambassadors...
JAPAN
Oct 2, 1997

Economic turmoil won't deter South Korea, trade chief says

Staff writerDespite the current economic turmoil involving major business conglomerates and financial institutions, South Korea says it will maintain its deregulation and liberalization policies."We launched this market principle to strengthen company management, and it should help increase international...
JAPAN
Oct 2, 1997

Cultist details role in 1989 killing of Sakamotos

The defense counsel for Aum Shinrikyo founder Shoko Asahara on Oct. 2 cross-examined an Aum figure who stands accused of taking part in the 1989 murders of a Yokohama lawyer and his family.Satoru Hashimoto, 30, appeared before the Tokyo District Court at Asahara's 51st trial hearing. He has admitted...
JAPAN
Oct 2, 1997

Robber-killer given life sentence

OSAKA -- A man found guilty in five cases of robbery and murder in three prefectures was given a life sentence Oct. 2.Handing down the ruling, the Osaka District Court described the crimes committed by Keiji Ikuta, 45, as "extremely cunning and vicious."According to prosecutors, Ikuta assaulted and...
JAPAN
Oct 1, 1997

Aoba Life up and running

Aoba Life Insurance Co. began operations Oct. 1 to act as caretaker for the insurance policies left behind by failed Nissan Mutual Life Insurance Co.The policies of roughly 1.1 million Nissan Mutual policyholders were transferred to Aoba, which is banned from selling new ones. The firm's main duties...
JAPAN
Oct 1, 1997

SESC criminal complaints hit new high

Reflecting an increase in crimes involving financial firms, the nation's securities watchdog filed a record five criminal complaints during the year up to June, according to the annual report released Oct. 1 by the Securities and Exchange Surveillance Commission.The cases brought to prosecutors include...
JAPAN
Oct 1, 1997

Internet securities trade has couch investors jumping

OSAKA -- With convenience like late-night or early morning service and never having to leave one's own home, stock trading via the Internet has not surprisingly become increasingly active.It is also alluring to securities companies, who are able to expand their business without opening new branches...

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