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LIFE / Travel
Apr 7, 1999

Underwater neighborhoods

PHUKET, Thailand -- The coral-rich waters of the Andaman and Similan Seas off the coast of Phuket have become a mecca for scuba divers: Here awaits a treasure of diverse marine species, some of which can be found in few other places on earth.
JAPAN
Apr 1, 1999

Marubeni reverses earnings outlook, airs reform plan

Major trading house Marubeni Corp. lowered its earnings projection for fiscal 1998 on Thursday and announced a restructuring program to consolidate its 701 group firms into about 500 by March 31, 2001.
JAPAN
Mar 17, 1999

Nissan OKs 35% equity stake for Renault

Nissan Motor Co. on Wednesday appeared willing to have Renault SA of France buy an equity stake in the struggling automaker, saying specific conditions for the deal would hinge on further talks.
JAPAN
Mar 10, 1999

Investment drops to 37-year low

Combined capital investments by Japanese firms in the October-December period fell 18.7 percent from a year earlier, the worst drop seen since the same quarter of 1962, the Finance Ministry said Wednesday.
JAPAN
Mar 8, 1999

State moves to draft stronger consumer protection law

Staff writer
JAPAN
Feb 25, 1999

'Staff pay' entries give away tax dodger

Tokyo prosecutors arrested senior executives of a Tokyo real estate agency Thursday after raiding its offices over allegations that the firm failed to pay 500 million yen in taxes during a three-year period, sources close to the investigation said.
JAPAN
Feb 10, 1999

Mitsubishi firms eye largest leasing merger

Two leasing companies in the Mitsubishi corporate group are negotiating terms of a merger that may take place this fall, sources said Wednesday.
EDITORIALS
Feb 6, 1999

Ethical standards for bankers

In a landmark suit involving a bank's responsibility for bad loans, Sumitomo Bank earlier this week agreed to pay 3 billion yen to the Housing Loan Administration Corp., the public debt-clearing body for bankrupt home-loan companies. The HLAC had initially demanded 5 billion yen in damages, saying the...
JAPAN
Dec 30, 1998

Court rulings in Aum trial set precedents in '98

Sentences handed down this year on two Aum Shinrikyo figures drew a clear line between life and death.
JAPAN
Dec 15, 1998

NCB Mortgage applies for bankruptcy

NCB Mortgage Co., an affiliate of the nationalized Nippon Credit Bank, applied to the Tokyo District Court for voluntary bankruptcy on Tuesday, company officials said.
JAPAN
Dec 15, 1998

10 years sought for ex-Itoman boss

OSAKA -- Prosecutors demanded a 10-year prison term Tuesday for a former president of now-defunct Itoman Co. and a 12-year term for one of its former executive directors, for alleged aggravated breach of trust.
JAPAN
Nov 23, 1998

Dark cloud remains over Kabutocho

The bright, eight-story building was supposed to be something to savor for people working in Tokyo's Kabutocho securities center. But it has ended up symbolizing the continuing plight of the brokerage industry.
JAPAN
Nov 16, 1998

Bankruptcies top 1,700 for first time since '85

The number of bankruptcies at corporations with debts exceeding 10 million yen totaled 1,707 in October, up 12.5 percent from the previous month, Teikoku Databank said Monday.
JAPAN
Nov 3, 1998

Mayor of Wakayama arrested for alleged bribery

OSAKA -- Wakayama Mayor Yoshihiro Ozaki was arrested Monday evening on suspicion of receiving 1 million yen in bribes in exchange for favoring an applicant for a municipal job.
JAPAN
Oct 29, 1998

Buyers scarce for former JNR plots

Japan Railway Construction Public Corp. has taken over 1,273 hectares of land that remained unsold when JNR Settlements Corp. ended its 11-year history last week.The public corporation hopes to sell off the property by fiscal 2003 to help reduce 28.3 trillion yen in debts left behind by the defunct...
JAPAN
Oct 27, 1998

Tax panel debates deduction of housing loan interest

The government Tax Commission on Tuesday debated the idea of deducting housing loan interest.At a general meeting of the advisory panel to the prime minister, six of some 30 panel members voiced pros and cons about the idea while broadly discussing tax reductions to stimulate the moribund economy as...
JAPAN
Oct 22, 1998

Nomura, Daiwa, Nikko awash in red ink

The nation's three largest securities companies all realized net losses for the first half of fiscal 1998 on an unconsolidated basis, they said in releasing midterm earnings reports Thursday.Nomura Securities Co., Daiwa Securities Co. and Nikko Securities Co., which all released results for the April-September...
JAPAN
Oct 22, 1998

Land acquisitions take steep first-half drop

Reflecting worsening business conditions and thinning incentives for real-estate investment, an unprecedentedly small number of firms purchased land for industrial use in the first half of this year, according to a preliminary report released by the trade ministry Thursday.Acquisitions of land greater...
JAPAN
Oct 19, 1998

It's definite: LTCB in capital deficit

The Financial Supervisory Agency has decided that the Long-Term Credit Bank of Japan was in capital deficit as of Sept. 30, the end of the first half of this fiscal year, FSA officials said Monday.The FSA audited LTCB's books by measuring its securities and real estate assets at market value instead...
JAPAN
Oct 15, 1998

JNR repayment plan wins Diet approval

Laws for disposing of 27.8 trillion yen in debts left behind by the now-defunct Japanese National Railways were enacted Thursday when the Upper House approved the measures by a margin of 129-113.Under the laws, the huge debts will be disposed of over 60 years, mostly by using taxpayer money and by requiring...
JAPAN
Oct 8, 1998

Kim prods Japan to lead Asia's recovery

Liberalization of the Japanese market and expansion of domestic demand in Japan are critically important to resuscitate the Asian economy, South Korean President Kim Dae Jung stressed Thursday in Tokyo."Now is the time for Japan to take the initiative to revive the Asian economy," which is in the midst...
JAPAN
Oct 1, 1998

Business sentiment sinks

Business sentiment at Japanese firms has worsened over the past three months as the nation's economic malaise remains untreated, according to the Bank of Japan's quarterly "tankan" survey released Thursday.The results underline the need for the government to quickly implement steps to boost domestic...
JAPAN
Sep 24, 1998

Nissan sells head office in restructuring effort

In an effort to strengthen its financial position, Nissan Motor Co. on Thursday sold one of its two head office buildings in Ginza, an upscale shopping district in Tokyo, to Mori Building Development Co. and affiliate Mori Building Sangyo Co., the firm said.
JAPAN
Sep 3, 1998

Service industry index dips 0.8 point

The index of service industry activities dropped by 0.8 point for the April_June period from the previous quarter, marking a decline for the third consecutive quarter due to the economic slump, the International Trade and Industry Ministry said Thursday.
JAPAN
Sep 1, 1998

No to independent liquidation panel, Miyazawa says

While upholding the government's readiness to compromise with the opposition, Finance Minister Kiichi Miyazawa refused to accept Tuesday the idea of setting up independent authorities to supervise the liquidation of failed financial institutions.
JAPAN
Aug 27, 1998

Opposition slams handling of LTCB, demands disclosure

Opposition parties on Thursday harshly criticized the government's handling of the troubled Long-Term Credit Bank of Japan during a Lower House committee meeting that resumed after a one-day opposition-camp boycott.
JAPAN
Aug 25, 1998

Minister's new home defended as legitimate buy

Deputy Chief Cabinet Secretary Muneo Suzuki purchased a new house in Tokyo's Minato Ward last June while serving as chief of the Hokkaido and Okinawa Development agencies, despite an informal agreement that serving ministers would refrain from such purchases, it was learned Tuesday.
JAPAN
Aug 21, 1998

Trading house Okura declared bankrupt

Okura & Co. became the nation's third-largest corporate failure in 1998 on Friday as the Tokyo District Court declared the venerable institution bankrupt with 288.3 billion yen in group liabilities.
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 11, 1998

Miyazawa sorry for mismanaging the bubble days

Finance Minister Kiichi Miyazawa offered an apology Tuesday at the Diet for errors he made in fiscal and monetary policies before and after the bubble economy of the late 1980s.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.

Podcast

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

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

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