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November 27, 2024
 

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JAPAN
Apr 25, 1997

Diet gives go-ahead for combat-ready reserve force

The Diet approved on April 25 the creation of a combat-ready military reserve force capable of joining frontline missions in emergencies.
JAPAN
Apr 25, 1997

NCB, Bankers Trust formally announce tieup

Nippon Credit Bank and Bankers Trust Company formally announced April 25 their agreement to collaborate on securitization of transactions and overseas financial business operations and to hold shares in each other.
JAPAN
Apr 25, 1997

Disaster-relief bill is unveiled

Lawmakers and activists jointly unveiled a bill April 25 that would provide financial support to survivors of natural disasters, including the Great Hanshin Earthquake.
JAPAN
Apr 25, 1997

Witnesses relive Tokyo subway gas attack

Three witnesses for the prosecution testified at the April 25 session of Aum Shinrikyo founder Shoko Asahara's trial, telling the court how they cared for victims of the 1995 Tokyo subway nerve gas attack immediately after the incident occurred.
JAPAN
Apr 25, 1997

2.67 billion yen earmarked for Okinawan project studies

The government said April 25 it will allocate 2.67 billion yen to fund a feasibility study for 10 proposed programs aimed at boosting the economy in Okinawa Prefecture.
JAPAN
Apr 25, 1997

Top strategist leaves Nomura

Nomura Securities Co.'s chief strategist, Atsushi Mizuno, will resign at the end of the month to take a similar position with the Tokyo operation of Deutsche Morgan Grenfell Capital Markets Ltd. on May 1, company sources said April 25.
JAPAN
Apr 25, 1997

Daiwa and Nikko post net losses

Daiwa Securities Co. and Nikko Securities Co., two of the nation's Big Four brokerage firms, on April 25 both reported net losses for the business year that ended March 31 due to the cost of bailing out their troubled affiliates.
JAPAN
Apr 25, 1997

Mitsuzuka, Matsushita to address dollar's correction at G-7

Finance Minister Hiroshi Mitsuzuka and Bank of Japan Gov. Yasuo Matsushita will attend a meeting of the finance ministers and central bankers of the Group of Seven nations April 27 and call for a reaffirmation of an earlier agreement that foreign exchange imbalances have been corrected.
JAPAN
Apr 24, 1997

New ministry estimate puts JNR debt at 70 trillion yen

Repaying the debts of the now defunct Japanese National Railways will eventually cost the government 70.21 trillion yen, the Transport Ministry said April 24.
JAPAN
Apr 24, 1997

Okinawa, surplus, and Koreas to dominate U.S. summit

Prime Minister Ryutaro Hashimoto and U.S. President Bill Clinton are expected to reaffirm their commitment to further strengthen bilateral relations, especially in the security field, when they meet April 25 in Washington.
JAPAN
Apr 24, 1997

100 female entrepreneurs talk business

Over 100 women from around the world gathered April 23 in Chofu City, Tokyo, to discuss shared problems and growing opportunities for women in business at a workshop titled "Women Entrepreneurs' International Exchange 1997."
JAPAN
Apr 24, 1997

Nomura in black despite taking big hit for subsidiary

Nomura Securities Co. made 124.19 billion yen in pretax profits for the business year ending March 31, up 35.7 percent from the year before, the company announced April 24.
JAPAN
Apr 24, 1997

Asahara denies guilt in gas attack, 16 other cases

In a barely intelligible statement, sometimes using English and sometimes Japanese, Aum Shinrikyo founder Shoko Asahara said April 24 that he is not guilty of ordering the 1995 nerve gas attack on the Tokyo subway system or a series of other crimes.
JAPAN
Apr 24, 1997

Izui pleads guilty to tax evasion

Osaka-based oil dealer Junichi Izui pleaded guilty April 24 to committing massive tax evasion between 1992 and 1994.
JAPAN
Apr 24, 1997

Aum lawyers dispute majority of evidence

Shoko Asahara's lawyers disputed on April 24 most of more than 11,000 pieces of evidence presented by the prosecution on the 1995 Tokyo subway attack.
JAPAN
Apr 24, 1997

U.S. trade, Cajun fairs get started at Nanko port

OSAKA -- The Nanko port area is the scene of two ongoing American events: a trade fair promoting U.S. goods and a Cajun food festival.
JAPAN
Apr 23, 1997

Aum Shinrikyo data on sarin gas came from Russia

The apocalyptic cult Aum Shinrikyo had obtained Russian blueprints for producing nerve gas sarin by spring 1994, a former senior Aum figure told the Tokyo District Court on April 23.
JAPAN
Apr 23, 1997

Shinshinto adopts agenda to work with, dethrone LDP

Shinshinto's third national convention on April 23 adopted a set of policy agenda resolutions stating, among other things, that the party will work harder to overthrow the administration of Prime Minister Ryutaro Hashimoto and that it will also work with his Liberal Democratic Party to realize reforms....
JAPAN
Apr 23, 1997

Ministry considers punishment for Nomura

The Finance Ministry has begun studying details of the punishment to be imposed on Nomura Securities Co. over its shady stock deals and payments to a firm linked to a "sokaiya" corporate extortionist, according to ministry officials.
JAPAN
Apr 23, 1997

Regional finance chiefs to explain reforms at local level

The domestic economy continues on a moderate recovery path despite some negative effects of the two percentage-point rise in the consumption tax earlier this month, the Finance Ministry's regional bureau chiefs agreed April 23.
JAPAN
Apr 23, 1997

Hashimoto accepts lack of advance warning about attack

Prime Minister Ryutaro Hashimoto said April 23 that he regrets Tokyo was not informed in advance of the rescue operation at the Japanese ambassador's residence in Lima, but added he "understands" the decision of Peruvian President Alberto Fujimori.
JAPAN
Apr 23, 1997

Questions raised over Japan's crisis management system

The hostage crisis in Lima ended with the release of all but one of the hostages by Peruvian forces, but questions have been raised about Japan's readiness to deal with a similar situation in the future.
JAPAN
Apr 23, 1997

Police raid PNC, Tokai plant offices

MITO, Ibaraki Pref. -- Police on April 23 carried out a raid the head offices of the Power Reactor and Nuclear Fuel Development Corp. (PNC) in Tokyo and of its nuclear fuel reprocessing plant situated in Tokai, Ibaraki Prefecture, over a falsified report on the fire and explosion during Japan's worst...
JAPAN
Apr 23, 1997

Peruvian troops force end to hostage crisis

LIMA -- Peruvian forces put a violent end to the 127-day-old hostage crisis late April 22 as they stormed the besieged Japanese ambassador's residence in Lima. All but one of the 72 hostages were rescued, and the 14 rebels who had been holding them were killed in an operation that ended in 37 minutes....
JAPAN
Apr 23, 1997

Families, friends celebrate after news of rescue

Families and colleagues of Japanese hostages released from the ambassador's residence in Lima embraced a long-awaited end to the four-month crisis April 23.
JAPAN
Apr 22, 1997

Woman arrested in knifing of pregnant woman

OSAKA -- A 22-year-old part-time worker was arrested April 22 on suspicion she asked her boyfriend to kill a pregnant postal worker, police said.
JAPAN
Apr 22, 1997

Yokoyama faces up to Osaka's cash woes

OSAKA -- Two years since he became governor of Osaka Prefecture on a wave of public outrage over political corruption involving his predecessor, former comedian "Knock" Yokoyama finds himself the target of discontent over the prefecture's financial problems.
JAPAN
Apr 22, 1997

Scandal forces Nomura to reshuffle management

Nomura Securities Co. said April 22 that Managing Director Junichi Ujiie will assume its presidency May 1 in place of Masashi Suzuki. The move is aimed at improving the brokerage's public image in the wake of a scandal involving shady stock deals and payments to a firm linked to a "sokaiya" corporate...
JAPAN
Apr 22, 1997

Shinshinto ranks to discuss LDP union

The national convention today of Shinshinto, the largest opposition party, may seal the fate of Prime Minister Ryutaro Hashimoto's priority set of reforms since Shinshinto leader Ichiro Ozawa has dropped his hostility toward the Hashimoto administration.
JAPAN
Apr 22, 1997

Banking head says industry 'positive' on NCB bailout

Nippon Credit Bank's recently announced restructuring plan seems sufficient to revitalize the bank and NCB's calls for financial aid will be considered in a positive way, the new head of the nation's banking industry said April 22.
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
Trump pledges 25% tariffs on Canada and Mexico, and more levies on China
U.S. President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, on Nov. 19. Trump on Monday threatened to slap China, Mexico and Canada with hefty tariffs upon his return to the White House.
AI boom makes 139-year-old cable maker Japan’s hottest stock
Fujikura's headquarters in Tokyo's Koto Ward. The company's share price has surged by more than 400% this year.
Japan’s sauna movement: Relax, refresh, repeat
Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
Funeral held for Princess Yuriko at Tokyo cemetery
Crown Prince Akishino and Crown Princess Kiko, followed by Princess Aiko and Princess Kako, prepare to attend a funeral service for Princess Yuriko at Toshimagaoka Cemetery in Tokyo on Tuesday.
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
How Japan can exit the fossil fuel subsidies it can’t seem to quit
A man walks past a gasoline station in Tokyo on Thursday.
Are you leaving your loved ones digital legacies or headaches?
The National Consumer Affairs Center reports a growing number of consultations regarding "digital legacies" — data and online services left behind when people die.
Rayssa Leal and Chloe Covell on Japan’s teen skaters: We are friends, not rivals
Brazil’s Rayssa Leal celebrates after winning the women's Street League Skateboarding competition on Saturday in Tokyo.
An iconic 32-foot doughnut might give Randy’s an edge in Japan
Randy's Donuts in Inglewood, California. Replicas of the giant doughnut sculpture will be installed, where possible, at shops in Japan.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Greg Dvorak

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