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JAPAN
Jul 13, 1998

LDP suffers stunning defeat as disgruntled voters speak up

The Liberal Democratic Party suffered a stunning defeat in Sunday's Upper House election as voters issued an apparent no-confidence vote against Prime Minister Ryutaro Hashimoto's economic policies.
JAPAN
Jul 10, 1998

Panel to contemplate measures for boosting births

In response to the nation's declining birthrate, the government will hold the first meeting of an advisory panel July 17 to come up with measures to encourage couples to have more children, Chief Cabinet Secretary Kanezo Muraoka said Friday.
JAPAN
Jul 9, 1998

Japan lauds U.K. plan to halve nuclear arsenal

Britain's plan to halve its nuclear arsenal drew praise Thursday from Chief Cabinet Secretary Kanezo Muraoka, who said Japan earnestly welcomes the "courageous" decision.
JAPAN
Jul 7, 1998

Tax panel chief hopes cuts in '99 equal, top 4 trillion yen

Next year's individual income tax cuts will hopefully equal 4 trillion yen or more, Hiroshi Kato, chairman of the government's Tax Commission, said Tuesday.
JAPAN
Jul 7, 1998

October deadline set for fisheries accord

Chief Cabinet Secretary Kanezo Muraoka and South Korean Ambassador Kim Suk-Kyu agreed Tuesday to work toward resolving a bilateral fisheries dispute by October, when South Korean President Kim Dae Jung is scheduled to visit Japan, Muraoka said.
JAPAN
Jul 6, 1998

New 'bridge bank' scheme not restricted to small banks

The government "bridge bank" scheme will be applied to failed banks regardless of their size, Vice Finance Minister Koji Tanami said Monday, denying speculation that the plan will only cover small banks.
JAPAN
Jul 6, 1998

Hayami voices concern over economy's malaise

Bank of Japan Gov. Masaru Hayami reiterated Monday the need to overhaul the economy, with improvement of the now-stagnant business conditions and reform in the financial system as the two keys to revival.
JAPAN
Jul 3, 1998

Hashimoto suggests permanent income tax cut is near

Prime Minister Ryutaro Hashimoto gave indications Friday that a permanent income tax cut may be included in the tax system reforms the government is soon expected to begin working.
JAPAN
Jul 2, 1998

Government approves 'bridge bank' scheme

The government on Thursday formally approved a "bridge bank" plan to take over banks that fail and extend loans to their sound borrowers.
JAPAN
Jul 2, 1998

Stock market improves after news of bank plan

Share prices rose in heavy trading Thursday on the Tokyo Stock Exchange amid reports the government was putting the finishing touches on a plan to restore health to the nation's beset banking industry.
JAPAN
Jul 2, 1998

Hashimoto to fly to France, United States

Prime Minister Ryutaro Hashimoto will visit France and the U.S. later this month, Chief Cabinet Secretary Kanezo Muraoka told a regular news conference Thursday.
JAPAN
Jun 30, 1998

LTCB loans should all transfer to Sumitomo: Imai

Sumitomo Trust & Banking Co. should accept all loans extended by the Long-Term Credit Bank of Japan when it merges with the ailing LTCB, according to the head of Japan's most influential business organization.
JAPAN
Jun 26, 1998

Japan violates prisoners' human rights, Amnesty says

Amnesty International released a report Friday on what it brands as a violation of human rights in Japanese prisons, to coincide with the U.N.-designated "International Day in support of victims of torture."
JAPAN
Jun 26, 1998

New chief of state-linked oil firm pledges reforms

The new head of Japan National Oil Corp. pledged Friday his utmost efforts to reconstruct the quasi-governmental oil exploration firm, which is sitting on some 1.4 trillion yen in possible losses.
JAPAN
Jun 26, 1998

Ailing LTCB moves toward merger with Sumitomo Trust

The Long-Term Credit Bank of Japan, suffering a battering in the market over its financial problems, seeks to merge with Sumitomo Trust & Banking Co. in what is largely seen as its de facto absorption, industry sources said Friday.
JAPAN
Jun 24, 1998

Sanyo to liquidate in August if buyer not found

Troubled Sanyo Securities Co., which filed in November for application of the Corporate Rehabilitation Law, said Wednesday it was moving toward liquidation amid slim chances it will be bought.
JAPAN
Jun 24, 1998

Dollar roars back into 140 yen range

The dollar rebounded strongly Wednesday to recover the 140 yen level it lost a week ago.
JAPAN
Jun 23, 1998

Youth crimes turning more gruesome

Juvenile crimes are getting more heinous and are increasingly committed by groups rather than individuals, according to a midterm report on youth crimes released Tuesday by the Justice Ministry.
JAPAN
Jun 22, 1998

Dates set for global warming meeting in Tokyo

Staff writer
JAPAN
Jun 22, 1998

Opposition vows to prevent LDP majority

The heads of four opposition parties criticized the administration of Prime Minister Ryutaro Hashimoto on Monday for failing to resuscitate the economy, vowing to keep the ruling party from taking a majority in the House of Councilors election next month.
JAPAN
Jun 22, 1998

New financial watchdog targets top 19 banks

The initial mission of the new financial watchdog that began operations Monday will be to inspect the nation's 19 major banks to determine the extent of their problem loans, officials of the agency said.
JAPAN
Jun 22, 1998

Asahi may sue Yamaichi over subordinated loans

Asahi Mutual Life Insurance Co. said it would consider suing the now-defunct Yamaichi Securities Co. to demand full reimbursement of its subordinated loans.
JAPAN
Jun 19, 1998

Uehara exits SDP, may run against Ota

Kosuke Uehara, former head of the Hokkaido and Okinawa Development Agency, left the Social Democratic Party on Friday and indicated his intention to run in an Okinawa gubernatorial election scheduled for November.
JAPAN
Jun 17, 1998

LTCB seeks to end rumors as stock hits all-time low

The Long-Term Credit Bank of Japan held its second news conference in two weeks Wednesday to again deny market rumors questioning the bank's soundness.
JAPAN
Jun 17, 1998

ANA pilot strike resumes Tuesday

A labor union for All Nippon Airways pilots and flight engineers will resume its walkout on international flights next Tuesday, calling the latest offer by management insufficient, a spokesman for the union said Wednesday.
JAPAN
Jun 17, 1998

Matsunaga, Hayami clash on bad loans

Finance Minister Hikaru Matsunaga disagreed Wednesday with Bank of Japan Gov. Masaru Hayami, saying commercial banks should not disclose some of their problem loans to avoid hurting borrower firms.
JAPAN
Jun 16, 1998

BOJ to banks: disclose and dispose

Bank of Japan Gov. Masaru Hayami sent a strong message to domestic financial institutions Tuesday, calling on them to make greater efforts to disclose information regarding their bad loans and effectively take steps to dispose them.
JAPAN
Jun 16, 1998

Japan hits Serbia, Yugoslavia with economic sanctions

The government on Tuesday imposed economic sanctions on Yugoslavia and Serbia to protest Serbian violence against Albanians in Kosovo.
JAPAN
Jun 16, 1998

Matsunaga wary of granting RCB lending powers

Finance Minister Hikaru Matsunaga reacted cautiously Tuesday to using public money to reinforce the Resolution and Collection Bank so its functions can include lending.
JAPAN
Jun 16, 1998

Yen fluctuates wildly as Dow and Nikkei take tumble

The yen fluctuated between 142 and 146 to the dollar on the Tokyo market Tuesday in nervous trading that reflected Asian economic uncertainty and the overnight stock plunge in New York.

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