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JAPAN
Sep 9, 1998

BOJ slashes call rate in monetary rescue action

In a surprise move, the Bank of Japan's Policy Board agreed Wednesday to further ease monetary policy by guiding the weighted average of the overnight call money rate down to around 0.25 percent per year.
JAPAN
Sep 9, 1998

North Korea reactor aid to remain frozen

The government will continue to freeze assistance for light-water nuclear reactor projects in North Korea, Chief Cabinet Secretary Hiromu Nonaka said Wednesday.
JAPAN
Sep 8, 1998

G-7 meeting likely to avoid Russia issue

Senior officials of the Group of Seven industrialized nations are unlikely to devise a program at their weekend meeting to assist the troubled Russian economy, Finance Minister Kiichi Miyazawa said Tuesday.
JAPAN
Sep 8, 1998

Banking industry backs government bailout plan

Satoru Kishi, chairman of the Federation of Bankers Associations of Japan, expressed support Tuesday for the government's plan to inject public money into ailing banks to prevent failures.
JAPAN
Sep 8, 1998

Ministry may alter entrance exam rules

Education Minister Akito Arima indicated Tuesday that his ministry may reconsider its current stance on the entrance of graduates from "unauthorized" universities to graduate programs at state-run institutions.
JAPAN
Sep 8, 1998

Opposition plan targeted by the FSA

A top official of the Financial Supervisory Agency on Tuesday voiced disapproval at a portion of the financial-stabilization bills submitted by opposition parties to the Diet.
JAPAN
Sep 7, 1998

Okinawa draws more tourists as air fares, yen fall

NAHA, Okinawa Pref. -- Constant conflict over the presence of U.S. military bases and tragic old war stories keep Okinawa in the news.
JAPAN
Sep 7, 1998

Rengo pressures Obuchi to fulfill job, tax cut promises

The Japanese Trade Union Confederation (Rengo) urged the government Monday to make good on its promised tax reductions, including 4 trillion yen in income tax cuts.
JAPAN
Sep 7, 1998

North Korea remains on condemned list

Although it remains unclear what exactly North Korea launched over Japan on Aug. 31, the government's condemnation of Pyongyang's act still stands, Chief Cabinet Secretary Hiromu Nonaka said Monday.
JAPAN
Sep 4, 1998

Nissan plans transmission firm in 1999

Nissan Motor Co. will establish a new automatic transmission manufacturing company in the summer of 1999, the company said Friday.
JAPAN
Sep 4, 1998

Miyazawa urges review of bank-screening criteria

Screening criteria to determine whether public funds should be infused into banks should be revised, Finance Minister Kiichi Miyazawa indicated Friday, saying the current standards are difficult to understand.
JAPAN
Sep 3, 1998

Hitachi to post 100 billion yen loss, slash work force

Hitachi Ltd. will post pretax losses of 100 billion yen in the 1998 business year to next March 31, marking its first plunge into red ink for the postwar period, company officials announced in revised earnings forecasts Thursday.
JAPAN
Sep 2, 1998

Kan airs views on LTCB issue

Naoto Kan, president of the Democratic Party of Japan, called on the government and the ruling Liberal Democratic Party Wednesday to establish clear rules for dealing with the ailing Long-Term Credit Bank of Japan, indicating he is not necessarily opposed to the injection of public funds to save the...
JAPAN
Sep 1, 1998

L.A. tourist bureau opens full-time branch in Tokyo

The Los Angeles Convention & Visitors Bureau has opened in Tokyo its first full-time international office outside North America, delegates from the city announced Tuesday.
JAPAN
Aug 31, 1998

Sakura seeks to raise 300 billion yen in share issue

Sakura Bank plans to increase its capital by about 300 billion yen within this fiscal year by requesting major firms under the Mitsui group, the bank's largest shareholder, and other clients to purchase new shares, bank officials said Monday.
JAPAN
Aug 27, 1998

Huddle held on teamwork in Diet

The heads of three opposition parties pledged on Thursday to strengthen their cooperation.
JAPAN
Aug 26, 1998

Nonaka urges execs to return retirement bonuses

Chief Cabinet Secretary Hiromu Nonaka put indirect pressure Wednesday on former executives of the ailing Long-Term Credit Bank of Japan to return their lump-sum retirement grants.
JAPAN
Aug 26, 1998

No state policy set on bank mergers, Miyazawa claims

Finance Minister Kiichi Miyazawa denied Wednesday that the government already has a set policy of supporting future mergers involving major banks.
JAPAN
Aug 25, 1998

Defense chief intends Okinawa visit before U.S. talks

Defense Agency chief Fukushiro Nukaga told reporters Tuesday he will visit Okinawa before he meets the U.S. secretaries of defense and state in late September.
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 24, 1998

Nissan remodels its Avenir for domestic wagon market

Nissan Motor Co. launched the fully revamped Avenir wagon to the domestic market Monday, featuring smoother handling and better use of space, top executives of the firm said.
JAPAN
Aug 24, 1998

Nonaka says he's ready to meet Ota

Chief Cabinet Secretary Hiromu Nonaka said Monday he is ready to hold talks with Okinawa Gov. Masahide Ota without imposing any conditions.
JAPAN
Aug 21, 1998

Skymark takes delivery of 767 for first paying flight

A Boeing 767-300, the first jetliner in the fleet of Skymark Airlines Co., the only new entry in the country's aviation industry in 35 years, arrived at Tokyo's Haneda airport Friday from Seattle prior to its initial commercial flight on Sept. 19.
JAPAN
Aug 21, 1998

Obuchi tells Cabinet to fix credit crunch

Prime Minister Keizo Obuchi instructed his Cabinet ministers Friday to step up efforts to ease the ongoing credit crunch surrounding small and medium-size enterprises.
JAPAN
Aug 21, 1998

LTCB announces plan to restructure

The troubled Long-Term Credit Bank of Japan on Friday announced a restructuring plan in which three top executives will resign and its 13 overseas outlets will close.
JAPAN
Aug 21, 1998

Japan doesn't know whether it supports U.S. missile attacks

Japan expressed its support Friday for Washington's "firm attitude" against terrorism but reserved its position on the U.S. bombing of terrorist-linked sites in Sudan and Afghanistan.
JAPAN
Aug 20, 1998

Nonaka rejects budgetary discussions with Ota

Chief Cabinet Secretary Hiromu Nonaka said Thursday he has decided not to meet with Okinawa Gov. Masahide Ota, at least for the time being, because he cannot expect "constructive" discussion with the governor.
JAPAN
Aug 20, 1998

Obuchi denies news reports of LTCB fund infusion plan

Prime Minister Keizo Obuchi denied media reports Thursday that the government has decided to inject public funds into the ailing Long-Term Credit Bank of Japan to expedite LTCB's proposed merger with Sumitomo Trust & Banking Co.
JAPAN
Aug 19, 1998

TBWA to buy majority stake in ad firm Nippo

TBWA Worldwide, the world's ninth-largest advertising agency network, will acquire a majority stake in Nippo Corp., a Japanese advertising agency affiliated with Nissan Motor Co., top executives of the three firms announced Wednesday.
JAPAN
Aug 19, 1998

Nonaka eases stance on Okinawa

Chief Cabinet Secretary Hiromu Nonaka said Wednesday he will welcome "constructive" exchanges with Okinawa Gov. Masahide Ota to resolve the issue of U.S. military bases in the prefecture.

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