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JAPAN
Jul 8, 1998

Hospital sign threatens illegal immigrants

Staff writer
JAPAN
Jun 30, 1998

Sumitomo Bank sued over failed 'jusen' loans

A government-backed loan recovery body filed a 4.83 billion yen damages suit Tuesday against Sumitomo Bank, alleging it played a role in the "jusen" housing-loan company fiasco.
JAPAN
Jun 17, 1998

Diet enacts '98 supplementary budget

Diet enacted the fiscal 1998 supplementary budget Wednesday night, paving the way for the long-awaited implementation of the government's 16 trillion yen stimulus package.
JAPAN
Jun 17, 1998

Partytalk: Kato vows to attack bad loans

Second in a series
JAPAN
Jun 8, 1998

Finance Ministry takes a step toward transparency

The Finance Ministry announced Monday it has abolished 382 of its 400 nonlegal official notices, or "tsutatsu," in a bid to promote transparency in its supervision of financial institutions.
JAPAN
May 28, 1998

Diet to receive bills on banks' bad loans

A joint task force of the government and the ruling alliance on banks' bad loans agreed Thursday to submit several bills to the next Diet session in an attempt to facilitate an economic recovery.
JAPAN
May 28, 1998

Automakers suffered at home in '97

Japan's five major automakers suffered domestically during the 1997 business year, which ended March 31, but three managed to boost profits on increased sales abroad.
JAPAN
May 27, 1998

Nissan posts 14 billion yen net loss

Nissan Motor Co. on Wednesday reported a consolidated net loss of 14 billion yen in the year that ended March 31.
JAPAN
May 26, 1998

Keidaneren chief urges drastic reform to lift economy

Unless drastic reforms are carried out in Japan's financial and taxation systems, the government's latest stimulus package will have only a temporary effect on the economy, the new chief of the Japan Federation of Economic Organizations (Keidanren) warned Tuesday.
JAPAN
May 15, 1998

Weak economy means big business for movers

Staff writer
JAPAN
May 11, 1998

Cabinet approves supplementary budget draft

The Cabinet approved drafts Monday for a fiscal 1998 supplementary budget, with actual spending reaching 6.1 trillion yen, and a bill for revision of the Fiscal Structure Reform Law to initiate an economic stimulus package worth more than 16 trillion yen.
JAPAN
Apr 30, 1998

Crisis in Asia: Taiwan urged to assist struggling neighbors

Although the stability of Taiwan's economy stands out amid the financial crisis in Asia, the island cannot remain an idle spectator as neighbor countries suffer, according to Wei-Te Liu, executive adviser of the Coordinating Council on Sino-Japanese Business Affairs.
JAPAN
Apr 29, 1998

Asahi Juken allegedly enlisted other realtors for fraud

OSAKA -- Asahi Juken, a real estate company whose president and three other executives were arrested Tuesday on suspicion of defrauding 600 million yen from creditors, had other realtors mediate in its property deals and divert about 1 billion yen of their commission to its group companies, police sources...
JAPAN
Mar 17, 1998

Campaigns begin for empty Lower House seat

Six candidates officially started campaigning early March 17 for a March 29 Lower House by-election to fill the Tokyo No. 4 constituency seat left vacant by Shokei Arai, who last month hanged himself shortly before he was to be arrested over illicit profits from Nikko Securities Co.
JAPAN
Mar 5, 1998

JCCI chief wants 5 trillion yen more in tax cuts

The government should implement additional tax cuts worth 5 trillion yen because there is an urgent need to stimulate consumption in the current economic situation, the head of the Japan Chamber of Commerce and Industry said Thursday.
JAPAN
Feb 20, 1998

LDP unveils latest plan to reinvigorate economy

The ruling Liberal Democratic Party on Friday unveiled its fourth stimulus package, hoping to boost confidence in the economy before the March 31 end of the fiscal year.
JAPAN
Feb 20, 1998

Highlights of stimulus package

Following are some of the measures outlined in the Liberal Democratic Party's economic stimulus package that was announced Friday:
JAPAN
Feb 19, 1998

Foreigners in Tokyo on the rise again

The number of foreign residents of Tokyo is rising again after dipping when the economic bubble burst in the early 1990s, according to a report released Thursday by Mori Building Shoji Co.
JAPAN
Jan 30, 1998

NTT's caller ID service makes screening easier

Staff writerEver been harassed by incessant prank calls? Felt nervous about picking up the phone, not knowing who's on the other end of the line?Based on such apprehensions and other misuses of the telephone, Nippon Telegraph and Telephone Corp. has shrewdly developed a new business. Starting Sunday,...
JAPAN
Jan 23, 1998

Osaka residents stage rally to run gangsters out of town

OSAKA -- About 350 residents of Osaka's Tennoji Ward held a rally here Friday to demand that the Nakano-kai and Takumi-gumi gangs vacate their offices in a residential district of the ward.At the rally, residents pledged they would not allow any criminal gangs to settle in the ward while the group promotes...
JAPAN
Dec 25, 1997

Ascii to join CSK group

Ascii Corp., a major game software maker and a publisher of computer magazines, will become part of the group led by major information service firm CSK Corp. by issuing new shares to CSK and game machine giant Sega Enterprises Ltd., the three companies announced Thursday.
JAPAN
Dec 11, 1997

Sakura Bank exec, realtor imprisoned for fraud

The Tokyo District Court on Thursday sentenced a deputy manager of the Sakura Bank branch in Tsunashima, Yokohama, to seven years in prison for defrauding clients out of about 1.85 billion yen by fabricating lucrative investment programs.
JAPAN
Dec 1, 1997

Seven suspected in land sales fraud

Police arrested six people and put another on a wanted list Monday on suspicion of swindling 10 million yen from elderly people who had earlier suffered losses from fraudulent sales of undeveloped rural property.
JAPAN
Nov 17, 1997

Hokkaido Takushoku folds; BOJ sends emergency loans

Marking the biggest collapse in the nation's financial industry, ailing Hokkaido Takushoku Bank announced Monday its de facto failure by saying it will transfer its operations to Hokkaido-based North Pacific Bank and other financial institutions.
JAPAN
Nov 4, 1997

Rengo requests 2 trillion yen tax cut

The Japanese Trade Union Confederation (Rengo) submitted a request Tuesday for a 2 trillion yen income tax reduction and other measures to three opposition parties and two small non-Cabinet allies of the ruling Liberal Democratic Party.
JAPAN
Oct 21, 1997

Bailed Itoman defendant skips trial

OSAKA -- One of three key defendants in an early 1990s breach of trust case involving the now-defunct trading house Itoman Corp. failed to appear Oct. 21 at a court hearing in his trial.Ho Yong Chung, 50, recently vanished in South Korea after being released on bail, and the Osaka District Court is...
JAPAN
Oct 21, 1997

LDP drafts measures to revive ailing economy

The ruling Liberal Democratic Party announced a set of measures Oct. 21 that it hopes will revive the flagging economy mainly through deregulation.Bound by a pledge to curtail government spending, the LDP's package relies less on traditional fiscal stimulus such as public works spending and personal...
JAPAN
Oct 14, 1997

Bad-loan troubles force Kyoto bank to liquidate

OSAKA -- Kyoto Kyoei Bank said Oct. 14 that it will begin liquidation procedures and transfer its operations to Osaka-based Kofuku Bank by next Oct. 1, after using funds from the Deposit Insurance Corp. to get rid of its nonperforming assets.Kofuku, another second-tier regional bank with bad loans of...
JAPAN
Oct 13, 1997

Small companies less confident, credit banks say

Confidence among small firms worsened in the July-September quarter, and they expect the dismal situation to continue through the next three months, according to results from a survey released Oct. 13 by the National Association of Shinkin (credit association) Banks. The results reaffirmed the gloomy...
JAPAN
Oct 13, 1997

Tokyo stocks sink to new low for year

Tokyo share prices slid broadly in trading Oct. 13 amid incessant concerns over the strength of the economy, leaving the market's benchmark index at its lowest level this year.The 225-issue Nikkei average fell 172.22 points -- roughly 1 percent -- to end the day at 17,204.70. The previous closing low...
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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