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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.
JAPAN
May 19, 1998

Censured officials barred from Financial Supervision Agency

Finance Ministry officials punished for receiving excessive entertainment will not work at the new Financial Supervision Agency, Finance Minister Hikaru Matsunaga said Tuesday.
JAPAN
May 14, 1998

Government upgrades tourist advisory for Indonesia

The government on Thursday issued a stronger official warning advising travelers to refrain from making sightseeing and other nonessential trips to Indonesia until conditions in the country stabilize, Chief Cabinet Secretary Kanezo Muraoka told a regular press conference.
JAPAN
May 14, 1998

Societe Generale renews focus on Japan

Societe Generale said Thursday that it would change its business logo in Japan to SG Japan, adding that it plans to galvanize its operations here, especially in the areas of mutual funds and development of new products.
JAPAN
May 14, 1998

Hope on the horizon for economy, poll claims

While most companies are concerned about the current state of Japan's economy, some bright signs are finally emerging and those who are optimistic about the future of the economy now outnumber those who are pessimistic, according to a survey released Thursday.
JAPAN
May 13, 1998

Nomura, IBJ annouce business tieup plans

Financial giants Nomura Securities Co. and the Industrial Bank of Japan announced Wednesday that they are to forge links in the areas of personal asset management and financial derivatives to prepare for increased competition in a more deregulated market.
JAPAN
May 13, 1998

FTC plans new survey of flat-glass industry

The Fair Trade Commission will soon begin a followup survey over business practices in the flat-glass industry, Jotaro Abe, director of the FTC's executive office, said Wednesday.
JAPAN
May 12, 1998

Tokyo foreigners' council wrangles over voting, job rights

A foreign residents' advisory council to the Tokyo governor on Tuesday had its most heated debate.
JAPAN
May 8, 1998

Universal Studios unveils Japan construction plan

OSAKA -- Details of the Universal Studios Japan theme park were unveiled at a news conference Friday, with USJ officials announcing that construction would begin in October this year as scheduled, and expressing confidence in the handling of environmental problems that have come up.
JAPAN
May 8, 1998

Panel mulls hiring outsiders to monitor finance ministry

To prevent further corruption at the Finance Ministry, it may be necessary to set up a monitoring body that includes outside people, a member of a ministry ad hoc panel said Friday.
JAPAN
May 7, 1998

'Comfort women' fund criticizes Seoul suspension decision

The Asian Women's Fund on Thursday criticized the South Korean government's decision to suspend aid to women who have received "atonement money" from the private Japanese government-initiated fund.
JAPAN
May 1, 1998

PerfecTV, JSkyB merge to form new digital broadcaster

PerfecTV Corp. and Japan Broadcasting Co. (JSkyB) merged into a new company May 1 called Japan Digital Broadcasting Services Inc., for operation of a new service called SKY PerfecTV!
JAPAN
Apr 30, 1998

Nissan Diesel names new president

Nissan Diesel Motor Co. announced April 30 that President Masayuki Saito will step down and be replaced by Managing Director Hirofumi Nakazawa in late June.
JAPAN
Apr 29, 1998

Sensitivity part of row with Russia, Chirac says

Japan and Russia should be less sentimental in resolving their differences over a territorial row and concluding a World War II peace treaty, French President Jacques Chirac said April 29.
JAPAN
Apr 28, 1998

Orix takes over Yamaichi subsidiary

Orix Corp., the country's leading leasing firm, announced Tuesday the completion of its takeover of Yamaichi Trust & Bank, Ltd., a subsidiary of the failed Yamaichi Securities Co.
JAPAN
Apr 28, 1998

Albright lauds stimulus plan

U.S. Secretary of State Madeleine Albright toned down Washington's criticism of Japan's economic recovery efforts, calling the 16 trillion yen stimulus package announced last week a "bold" step.
JAPAN
Apr 27, 1998

New DPJ still top opposition force

The newly expanded Democratic Party of Japan was officially launched Monday afternoon with 131 Diet members, making it the largest opposition force.
JAPAN
Apr 27, 1998

Honda president to step down in June

After eight years at the helm of Honda Motor Co., President Nobuhiko Kawamoto on Monday announced he will step down in late June.
JAPAN
Apr 27, 1998

Finance chief punishes 112; two key bureaucrats resign

Finance Minister Hikaru Matsunaga took punitive action Monday against 112 ministry officials, including Securities Bureau head Atsushi Nagano, for being excessively entertained by financial sector firms.
JAPAN
Apr 24, 1998

Jumbo Mauna Kea telescope project delayed

Final adjustments to Japan's largest single mirror telescope, which sits atop 4,200-meter Mauna Kea, Hawaii, will be put off until December due to delays by an American contractor.
JAPAN
Apr 24, 1998

Saudi prince welcomes all kinds of investment

Saudi Arabia will spare no effort to accommodate Japanese investors, visiting Prince Salman Bin Abdulaziz said April 24.
JAPAN
Apr 23, 1998

Stimulus package gets finishing touches

The ruling Liberal Democratic Party put the final touches April 23 to the 16 trillion yen worth of economic stimulus measures to be endorsed by the government today, which will include about 10-trillion yen in "real-water" measures that require direct government outlays.
JAPAN
Apr 22, 1998

Toza shuts down its Kansai schools

OSAKA -- Following the closure of the Toza Gaigo Gakuin chain of English-language schools in Tokyo, all classes in the Kansai region were halted Wednesday, it was learned the same day.
JAPAN
Apr 21, 1998

ANA signs code-sharing pacts with UA, Lufthansa

All Nippon Airways Co. has concluded agreements with United Airlines and Lufthansa German Airlines to start code-sharing operations in October and July, respectively, ANA officials said Tuesday.
JAPAN
Apr 21, 1998

Osaka financial mess focus of Yokoyama's fourth year

OSAKA -- Three years after becoming Osaka governor, "Knock" Yokoyama told reporters Tuesday that restructuring the prefecture's unhealthy finances is the main goal of his fourth year in office.
JAPAN
Apr 20, 1998

BOJ branches report regional economies in decline

Regional economies have continued to worsen in many parts of the country as personal consumption and capital investment have either remained sluggish or declined, Bank of Japan branch heads said April 20.
JAPAN
Apr 20, 1998

Bureaucrat calls for progress report on bank lending

Finance officials should check the lending practices at banks to determine whether they have eased their stance on loans following the closure of their books in March, Vice Finance Minister Koji Tanami said April 20.
JAPAN
Apr 20, 1998

Tokyo proposes isles compromise to Russia

Japan has offered a compromise proposal in a long-standing territorial row with Russia under which Moscow will continue to retain the four disputed islands off Hokkaido for a transitional period as long as it confirms their sovereignty belongs to Tokyo, government sources said April 20.
JAPAN
Apr 17, 1998

ASEAN experts air agenda for bridging cultural gaps

In the past few decades, Asian countries have established strong economic ties among themselves, but when it comes to culture, do Asians really understand each other?

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?