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JAPAN
Feb 2, 1999

JR Tokai coughs up 20.5 billion yen for JNR burden

Central Japan Railway Co. (JR Tokai) officially announced Tuesday that it will accept the additional financial burden imposed by the government in a scheme to repay about 28 trillion yen in debts left behind by the former Japanese National Railways.
JAPAN
Feb 1, 1999

Ex-minister Kamei to form new LDP faction

Former Construction Minister Shizuka Kamei said Monday that he will try to gather as many members as possible within the Liberal Democratic Party to become a driving engine to support Prime Minister Keizo Obuchi's administration.
JAPAN
Jan 29, 1999

H.I.S. makes foray into securities business

Hideo Sawada, president of major discount travel agent H.I.S. Co., purchased a majority stake of Kyoritsu Securities Co., a midsize brokerage affiliated with now-defunct Yamaichi Securities Co., increasing its presence in the financial sector, it was announced Friday.
JAPAN
Jan 28, 1999

Aoshima unveils metro restructuring plan

In an effort to streamline Tokyo's bloated bureaucracy, Gov. Yukio Aoshima unveiled Thursday what he calls an extensive and drastic administrative restructuring plan to reduce its 18 bureaus to seven bureaus and six departments by next year at the earliest.
JAPAN
Jan 28, 1999

Finance sees no need for insurance talks with U.S.

The Finance Ministry says there is no need to resume bilateral insurance talks with the U.S., Vice Finance Minister Koji Tanami said Thursday.
JAPAN
Jan 27, 1999

Obuchi miffed over 'Super 301' move

Prime Minister Keizo Obuchi said Wednesday he is "seriously concerned" over the U.S. reinstating its retaliatory "Super 301" trade provision and a revised "Buy American" law.
JAPAN
Jan 27, 1999

Poll Preview: Celebrity governors in need of new shtick

Four years ago, comedian and Upper House member "Knock" Yokoyama entered the Osaka gubernatorial race three days before the official campaign started, saying he was angry about the collusion in the non-Communist ruling coalition in the prefectural assembly.
JAPAN
Jan 27, 1999

Flu outbreak said cause of 24 deaths

At least 24 people nationwide have died of influenza-related diseases this month, according to a survey conducted by Kyodo News.
JAPAN
Jan 26, 1999

Aichi officially gives up Fujimae dumping plan

Aichi Prefecture officially told the central government Tuesday that local authorities will drop their plan to turn Nagoya's Fujimae tidal flats, the nation's most popular stopover for migratory birds, into a garbage landfill.
JAPAN
Jan 25, 1999

Daiwa, Sumitomo set venture with T. Rowe, R. Fleming

Daiwa Securities Co. and Sumitomo Bank announced Monday that they will form a joint venture with T. Rowe Price Associates, a major U.S. asset management firm, to offer mutual funds tailored to Japanese customers.
JAPAN
Jan 25, 1999

Logistic SDF support of U.N. forces constitutional: Obuchi

The Constitution allows the Self-Defense Forces to provide logistic support to United Nations-led multinational forces, but the provision of weapons and ammunition by the SDF will be determined on a case-by-case basis, Prime Minister Keizo Obuchi said Monday.
JAPAN
Jan 22, 1999

Tokyo promises expense disclosure in fiscal '99

The Tokyo Metropolitan Government will disclose all social expenses by the governor and other top officials from fiscal 1999, officials said Friday.
JAPAN
Jan 22, 1999

Miyazawa suggests restraint to avoid steel trade row

Japan should make efforts to prevent its increasing exports to the United States from developing into a political issue, Finance Minister Kiichi Miyazawa said Friday.
JAPAN
Jan 22, 1999

American Express plans securities firm

American Express Financial Advisors Inc., a financial planning company within the American Express group, will launch business in Japan as a securities firm, company officials announced Friday.
JAPAN
Jan 22, 1999

DaimlerChrysler begins tieup talks with Nissan

The chairmen of DaimlerChrysler AG said Friday they opened tieup talks with Nissan Motor Co. Thursday night, but refused to divulge details of their discussions with Nissan President Yoshikazu Hanawa.
JAPAN
Jan 22, 1999

Bureaucrats to be cut by 25% over 10 years

The Liberal Democratic Party and Liberal Party reached a formal agreement at working-level discussions Friday to cut the number of bureaucrats by 25 percent over a 10-year period starting next year.
JAPAN
Jan 22, 1999

New Keizai Doyukai chief aims to revise Japan's image

Fuji Zerox Co. Chairman Yotaro Kobayashi, the newly appointed chairman of the Japan Association of Corporate Executives (Keizai Doyukai), expressed hope Friday that he will be able to give foreigners a clear picture of a changing Japan in his new position.
EDITORIALS
Jan 21, 1999

Another massacre in Kosovo

Yugoslavia's contempt for international opinion has been made perfectly clear over the last week. Last week, Serbian police, backed by the heavy weapons of the Yugoslav Army, allegedly massacred 45 civilians in the Kosovo village of Racak. When news of the attack leaked out, Yugoslav authorities were...
JAPAN
Jan 20, 1999

Sanwa, Toyo Trust to set up 'Big Bang' survival alliance

Sanwa Bank and Toyo Trust & Banking Co. have agreed to form an extensive business alliance to survive the ongoing "Big Bang" financial reforms, officials of the two banks announced Wednesday.
EDITORIALS
Jan 19, 1999

A regional test for Japan

If the International Monetary Fund today serves, in effect, as a tough lender of last resort globally, Japan last year gave itself the role of a friendly neighborhood bank in East Asia. That choice has proved timely, but it has become more challenging as the new year began. Unsettling news from two places...
JAPAN
Jan 19, 1999

Kansai Electric president tapped for Kankeiren helm

Yoshihisa Akiyama, president of the Kansai Electric Power Co. and a vice chairman of the Kansai Economic Federation (Kankeiren), will take over chairmanship of the federation from Yasuo Shingu, who will step down in May, it was announced Tuesday.
JAPAN
Jan 19, 1999

Mitsui, Chuo Trust plan biggest trust bank in 2000

Mitsui Trust & Banking Co. and Chuo Trust & Banking Co. announced Tuesday that they have reached basic agreement to merge in April 2000 to become the nation's biggest trust bank with a combined capital of more than 40 trillion yen.
JAPAN
Jan 18, 1999

Solution for Japan Inc. on the way: Yosano

By the end of this month, the government will map out a concrete scheme to help resuscitate the competitiveness of the nation's manufacturing and other industrial sectors, Kaoru Yosano, international trade and industry minister, said Monday.
JAPAN
Jan 18, 1999

Coalition, government hold first coordination session

The government and the ruling parties held their first coordination session Monday since the Liberal Democratic Party entered into a coalition government with the Liberal Party last Thursday.
JAPAN
Jan 15, 1999

32% approve of Coalition Cabinet; 44% don't

The just-launched coalition Cabinet of the Liberal Democratic Party and the Liberal Party is supported by 32 percent of those polled by Kyodo News, the same support rating Prime Minister Keizo Obuchi's Cabinet received in July, it was learned Friday.
JAPAN
Jan 14, 1999

Ozawa urges state to define defense support area for U.S.

The government should clearly define the "areas surrounding Japan" in which Japan can provide support to the U.S. military, Liberal Party leader Ichiro Ozawa said Thursday.
JAPAN
Jan 14, 1999

Steel quotas out of the question: Yosano

Japan has no intention of setting a numerical target so its surging steel exports to the United States can be monitored, International Trade and Industry Minister Kaoru Yosano emphasized Thursday.
JAPAN
Jan 14, 1999

Japan is prepared to help Brazil: Miyazawa

Should an international rescue package be prepared to help financially troubled Brazil, Japan is ready to contribute its fair share, Finance Minister Kiichi Miyazawa said Thursday.
JAPAN
Jan 14, 1999

Pyongyang would face 'strong warning' for missile move

Japan, the United States and South Korea should jointly issue a strong warning to North Korea if Pyongyang shows signs of attempting to launch another missile, visiting U.S. Defense Secretary William Cohen and Foreign Minister Masahiko Komura agreed Thursday.
JAPAN
Jan 14, 1999

Obuchi puts happy face on minority coalition launch

While the Liberal Democratic Party and Liberal Party will jointly tackle Japan's mounting problems, they will also try to seek support from other parties to stabilize the government, Prime Minister Keizo Obuchi said Thursday.

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