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JAPAN
Jun 9, 1998

Tokyo upset with canceled visit of North Korea wives

Tokyo expressed displeasure Tuesday with Pyongyang's announcement that Japanese women living with their North Korean husbands in the reclusive state "canceled" applications to visit their homeland.
JAPAN
Jun 9, 1998

Head banker warns against rapid weakening of yen

Foreign exchange movements excessive in both speed and level are unwelcome among Japanese financial institutions, the head of the banking industry said Tuesday.
JAPAN
Jun 9, 1998

LTCB reassures investors after share price plunges

The Long-Term Credit Bank of Japan hastily moved to assure investors of its creditworthiness on Tuesday after its share price plunged to its lowest level since the burst of the bubble economy.
JAPAN
Jun 9, 1998

Ford not raising stake in Mazda yet, Miller says

The president of Mazda Motor Corp. on Tuesday denied media reports that Ford Motor Co. plans to increase its equity stake in the Japanese automaker.
JAPAN
Jun 5, 1998

DKB beefs up stake in Kankaku

Kankaku Securities Co. formally announced Friday that it will shore up its capital base with 30 billion yen in aid from Dai-Ichi Kangyo Bank, making it a de facto subsidiary of the major city bank.
JAPAN
Jun 4, 1998

Newspapers still have key role to play in high-tech age

Staff Writer
JAPAN
Jun 4, 1998

Top Hong Kong official defends dollar-to-dollar link

Hong Kong remains committed to retaining its link to the U.S. dollar through a currency board and has strong support from mainland China in defending its dollar, its top administrative officer said Thursday in Tokyo.
JAPAN
Jun 3, 1998

No plans for emergency assistance to Russia, Muraoka says

The government has no plan to provide emergency loans or any other form of financial aid to Russia to help ease financial uncertainty there, Chief Cabinet Secretary Kanezo Muraoka said Wednesday.
JAPAN
Jun 1, 1998

SDP withdrawal ends tripartite ruling alliance

Four years of conservative-Socialist cooperation as a ruling bloc came to an end Monday after the Social Democratic Party formally broke from the tripartite alliance with the Liberal Democratic Party and New Party Sakigake.
JAPAN
Jun 1, 1998

Hashimoto orders ministers to tackle unemployment

Amid worsening job conditions nationwide, Prime Minister Ryutaro Hashimoto ordered his labor, trade and economic planning ministers Monday to map out a plan to improve employment.
JAPAN
Jun 1, 1998

Friend of detained mayor kills self after interrogation

OSAKA -- A close friend of the scandal-tainted former mayor of Higashi-Osaka killed himself over the weekend after having been questioned by investigators over the receipt of illegal favors from the mayor, it was learned Monday.
JAPAN
Jun 1, 1998

Yamaichi reports capital deficit of 22.5 billion yen

Yamaichi Securities Co. formally announced Monday that its liabilities exceeded its assets by 22.5 billion yen as of the end of March, contradicting earlier expectations by the collapsed brokerage and the Finance Ministry.
JAPAN
Jun 1, 1998

Papers urged to compete with new strategies as Internet expands

and AKEMI NAKAMURA
JAPAN
Jun 1, 1998

Sony to acquire stake in JustSystem

Sony Corp. will invest over 1 billion yen in computer software developer JustSystem Corp. to jointly develop products that will link personal computers with digital audiovisual devices, the two companies announced Monday.
JAPAN
May 28, 1998

'Jusen' responsibility judgement coming up

A final decision on whether two banks must take responsibility and face legal action for introducing clients to seven failed mortgage lenders will be made next month, the head of a loan reclaiming body said Thursday.
JAPAN
May 26, 1998

Jakarta back to business as usual, governor says

Visiting Jakarta Gov. Sutiyoso on Tuesday stressed that order has been fully restored to the Indonesian capital following President Suharto's resignation last week.
JAPAN
May 26, 1998

Talks on Indonesia's foreign debts expected to bear fruit

Negotiations between Indonesia and foreign businesses over the rescheduling of Indonesian firms' massive foreign debts is expected to bear some fruit, the head of Japan's banking industry said Tuesday.
JAPAN
May 26, 1998

Disgraced Finance officials take pension cuts

Two senior Finance Ministry officials who resigned in connection with a wining-and-dining scandal have applied for and been granted retirement allowances reduced below standard levels, Finance Minister Hikaru Matsunaga said Tuesday.
JAPAN
May 25, 1998

Panel ends debate on proposed air raid memorial

An advisory council to the Tokyo governor on Monday effectively ended all deliberations over a controversial planned memorial hall dedicated to victims of the U.S. air raids on Tokyo during World War II.
JAPAN
May 25, 1998

Pop Star Seiko Matsuda weds daughter's dentist

Pop star Seiko Matsuda, 36, who has gained fame as much for scandal as for her music, announced her marriage to a dentist six years her junior Monday at Tokyo's Takanawa Prince Hotel in Minato Ward.
JAPAN
May 25, 1998

Greenback climbs to 137 yen on comment by Rubin

For the first time since August 1991, the dollar on Monday hit 137 yen in Tokyo after reports spread that U.S. Treasury Secretary Robert Rubin said he could tolerate a yen as weak as 140 yen or 150 yen to the dollar to prevent the Japanese economy from collapsing.
JAPAN
May 25, 1998

HSBC gearing for expansion into Japan retail operations

Financial conglomerate Hongkong and Shanghai Banking Corp. will seek to expand its Japanese operations into the retail market "in the not-too-distant future," the chairman of HSBC Holdings said Monday in Tokyo.
JAPAN
May 22, 1998

Hashimoto lights spark on bad loan resolve

Prime Minister Ryutaro Hashimoto appealed Friday for increased efforts to resolve financial institutions' bad loan problems as soon as possible to facilitate economic recovery.
JAPAN
May 22, 1998

Credit situation remains tight for smaller firms

Financial institutions appear to have loosened their lending stance toward large companies, but small and midsize firms continue to suffer from the credit crunch, Mitsuo Horiuchi, head of the Ministry of International Trade and Industry, said Friday.
JAPAN
May 22, 1998

Corporate profits fall first time in four years; city banks see red

Profit levels at most corporations declined for the first time in four years in the 1997 business year to March 31, with at least six of the nation's nine giant "city banks" falling into the red, according to earnings results released through Friday.
JAPAN
May 22, 1998

Merging banks first to take advantage of DIC law revision

The planned merger between Fukutoku Bank and the Bank of Naniwa, two Osaka-based regional firms, will mark the first case in which merging banks, both ailing, receive financial help from the government-backed Deposit Insurance Corp., the Finance Ministry announced Friday.
JAPAN
May 21, 1998

Economy weak, not deflating, BOJ says

The domestic economy is currently not on the verge of entering a deflationary spiral, Bank of Japan Gov. Masaru Hayami said Thursday, adding that he will monitor the effects of governmental pump-priming efforts.
JAPAN
May 21, 1998

Local Indonesian students rejoice at Suharto's resignation

Students from Indonesia expressed surprise and hope for the reform of their country following President Suharto's announcement of his resignation Thursday.
JAPAN
May 20, 1998

BOJ denies falsifying staff reports

The Bank of Japan denied Wednesday having inflated staff numbers to secure a larger budget for personnel expenses as some media have reported, but also promised to increase transparency in its wage structure.
JAPAN
May 19, 1998

Narita airport turns 20 years old

New Tokyo International Airport in Narita, Chiba Prefecture, marks the 20th anniversary of its opening today, but a row with local landowners that began before the airport started operations continues to halt its planned expansion.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
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.

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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