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November 22, 2024
 

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JAPAN
Sep 25, 1997

Law planned to boost land liquidity

The Finance Ministry established a study group Sept. 25 to draft a law to facilitate the creation of companies whose purpose is to secure real estate to boost land liquidity.
JAPAN
Jul 23, 1997

Keidanren calls for review of land taxes to spur market

Hoping to spur the sluggish real estate market, the Japan Federation of Economic Organizations (Keidanren) on July 23 urged the government to abolish or review various land-related taxes.
JAPAN
Jul 17, 1997

Hong Kong execs say city is still in business

OSAKA -- Hong Kong's business executives and administrative officials unanimously stressed July 17 that Hong Kong will maintain its free business environment and will remain a center of finance and trade for the Asian region.
JAPAN
Jul 14, 1997

Bankruptcies set record for half-year period

Nearly 8,000 companies went bankrupt between January and June with combined liabilities of 6.37 trillion yen, a record high for a half-year period, a private research company said July 14.
JAPAN
Jun 5, 1997

DKB chief admits 'sokaiya' had influence

Dai-Ichi Kangyo Bank President Katsuhiko Kondo admitted June 5 that DKB executives had maintained cozy relations with a late powerful "sokaiya" leader, and that the man even influenced personnel matters at the major commercial bank.
JAPAN
May 30, 1997

Former Nomura president arrested

Hideo Sakamaki, a former president of Nomura Securities Co., was arrested by Tokyo prosecutors on May 30 on suspicion of approving illegal payoffs to a "sokaiya" corporate racketeer. Sakamaki, 61, is suspected of having conspired with former managing directors Shimpei Matsuki and Nobutaka Fujikura, and...
JAPAN
May 29, 1997

ANA's Yoshikawa declines president's post

The feud among top managers at All Nippon Airways took an unusual twist May 29 as the airline announced that its president-designate had withdrawn his nomination and a new president had been appointed.
JAPAN
May 26, 1997

Land prices limit RCB's bad loan efforts to 7.6%

The Resolution and Collection Bank said May 26 that it has succeeded in collecting only 7.6 percent of the problem loans it has taken over from failed credit unions.
JAPAN
May 22, 1997

ANA feud takes new twist: Wakasa to resign from board

Tokuji Wakasa, the powerful and controversial 82-year-old honorary chairman of All Nippon Airways, will resign as a board member next month in an apparent move to take responsibility for a recent feud that shook the firm's top management.
JAPAN
May 16, 1997

Wakasa likely to resign over ANA reshuffle

Tokuji Wakasa, honorary chairman of All Nippon Airways, is likely to resign as a board member to take responsibility for confusion over the airline's personnel change in senior management, sources said May 16.
JAPAN
May 14, 1997

Bad loans force credit firms to shift assets and operations

OSAKA -- Tanabe Credit Cooperative and Chogin Osaka Credit Association Branch, two Osaka-based small financial institutions that are burdened with mounting bad loans, announced May 14 they will transfer their assets and operations to other financial institutions.
JAPAN
Apr 25, 1997

NCB, Bankers Trust formally announce tieup

Nippon Credit Bank and Bankers Trust Company formally announced April 25 their agreement to collaborate on securitization of transactions and overseas financial business operations and to hold shares in each other.
JAPAN
Apr 25, 1997

Daiwa and Nikko post net losses

Daiwa Securities Co. and Nikko Securities Co., two of the nation's Big Four brokerage firms, on April 25 both reported net losses for the business year that ended March 31 due to the cost of bailing out their troubled affiliates.
JAPAN
Apr 11, 1997

Saito denies buying Diet seat

Real estate company chief Mamoru Saito, who is allegedly involved in the Orange Kyosai Kumiai mutual aid society fraud, repeatedly denied Friday that he distributed money to politicians to buy a Diet position for Upper House member Tatsuo Tomobe.
JAPAN
Apr 10, 1997

NCB plans tieup with Bankers Trust

Nippon Credit Bank and Bankers Trust New York Corp. announced April 10 their intention to forge a business tieup that would transfer NCB's overseas business to the U.S. bank and initiate a cross-shareholding arrangement between the two firms. The contract for the tieup, expected to be formally signed...
JAPAN
Apr 9, 1997

Tsumura pleads not guilty to breach of trust

Akira Tsumura, former president of leading Chinese medicine maker Tsumura & Co., and two colleagues on April 9 pleaded not guilty to aggravated breach of trust allegations related to loan improprieties.
JAPAN
Apr 8, 1997

CCPC buys 662.3 billion yen in loans

The Cooperative Credit Purchasing Co., a loan collection body set up by the nation's financial institutions, said April 8 that it bought loans worth 662.3 billion yen in principal terms during the latter half of fiscal 1996.
JAPAN
Mar 26, 1997

Realtor tight-lipped on Tomobe scandal

A Tokyo realtor who allegedly helped Tatsuo Tomobe win his Upper House seat in 1995 refused Mar. 26 to comment on the allegations, saying he did not want to incriminate himself.
JAPAN
Mar 25, 1997

Land liquidity plan may use special firms, tax breaks

A comprehensive package to spur land liquidity to be drawn up Mar. 24 would include such measures as allowing thecreation of special purpose companies within Japan by fiscal 1998 to help securitize land held as loan collateral, the finance minister said Mar. 25.
JAPAN
Mar 21, 1997

Exec tied to Tomobe scandal skips Diet testimony

Real estate company head Mamoru Saito, who is allegedly deeply involved in the Orange Kyosai Kumiai mutual aid society fraud, suddenly refused to give sworn testimony Mar. 21 before the Diet, claiming poor health.
JAPAN
Mar 21, 1997

Hong Kong's future secure as China set to return, exec says

With little more than three months to go before reverting to Chinese control, Hong Kong is confident it will maintain its economic prosperity and rule by law, Hong Kong's chief representative here said Mar. 21.
JAPAN
Mar 18, 1997

Hashimoto orders steps for raising land liquidity

Prime Minister Ryutaro Hashimoto on Mar. 18 instructed Finance Minister Hiroshi Mitsuzuka to draw up by the end of the month comprehensive measures to increase the liquidity of land held as collateral for loans.
JAPAN
Mar 15, 1997

Chief of Nomura steps down . . . again

The president of Nomura Securities Co., the nation's top brokerage, resigned Mar. 14 over the widening scandal caused by the company's illicit business practices on behalf of a firm run by a relative of a former "sokaiya" corporate extortionist.
JAPAN
Feb 28, 1997

Shinagawa plot sold for 184 billion yen

Japanese National Railways Settlement Corp. announced Feb. 28 that its 5.3-hectare plot of land located on the east side of JR Shinagawa Station would be sold to 10 firms for 183.8 billion yen.
JAPAN
Feb 20, 1997

Group advises on rent discrimination

A human rights group representing Korean residents will set up a three-day hotline next week to provide support and advice to foreigners facing discrimination in trying to find apartments.
JAPAN
Feb 5, 1997

TSE wooing foreign firms in effort to halt exodus

During the asset-inflated bubble economy of the late 1980s, when the Tokyo stock market was enjoying rocketing prices, brisk transactions and a high reputation, securities authorities did not have to worry about how to invite foreign companies to list. But times have changed.
Japan Times
BUSINESS / Tech
Jun 20, 2023

Survey finds 61% of firms in Japan are positive about generative AI use

The proportion of companies that have no plans to utilize generative AI stood at 17.7%.
Japan Times
COMMENTARY / World
Jun 14, 2023

How to restructure Chinese supply chains

China must reconfigure its industries and supply chains to meet the challenges posed by rising geopolitical tensions and rapid population aging.
Japan Times
WORLD / Politics
Jun 12, 2023

Former Italian leader Silvio Berlusconi dies at 86

Berlusconi, a billionaire businessman who created Italy's largest media company before transforming the political landscape, served as prime minister in 1994-1995, 2001-2006 and 2008-2011.
Japan Times
BUSINESS / Companies
Jun 9, 2023

Starbucks brews up cheaper India drinks as domestic rivals expand

Starbucks is revamping its strategy to lure Indians with smaller, cheaper beverages as it looks to expand in small towns amid a fierce challenge from domestic startups.
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.
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.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
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.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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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mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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