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JAPAN
Jul 30, 1997

Nomura, DKB hit with harsh penalties

The Finance Ministry slapped administrative penalties July 30 on Nomura Securities Co. and Dai-Ichi Kangyo Bank lasting from five months to a year for their roles in one of the biggest financial scandals to hit the nation this decade.
JAPAN
Jul 30, 1997

DKB president accepts fate

Dai-Ichi Kangyo Bank President Katsuyuki Sugita said July 30 his bank solemnly accepts the administrative punishment meted out for its payoffs and dubious loans to a "sokaiya" racketeer.
JAPAN
Jul 30, 1997

Top brokerage to cut pay of board members, punish others

Following the announcement of administrative penalties against Nomura Securities Co. for its illegal dealings with a "sokaiya" corporate extortionist, Nomura will cut the salaries of its board members and punish 25 of its employees, President Junichi Ujiie said July 30.
JAPAN
Jul 29, 1997

U.N. in need of $1 billion to reform itself

The United Nations needs $1 billion to stabilize its financial situation as it undergoes reform, the undersecretary general for administration and management at the U.N. said July 29.
JAPAN
Jul 29, 1997

Tokyo praises Thai approach to IMF; offers help on baht

Japanese authorities July 29 welcomed Thailand's decision to begin talks with the International Monetary Fund for help in restoring stability to its weakened baht, adding that Tokyo would seriously consider any Thai request for aid from Japan.
JAPAN
Jul 28, 1997

Finance Ministry wary of Okinawa trade zone

A top Finance Ministry official indicated caution July 28 on the idea of making Okinawa Prefecture a free-trade zone, saying the effects on local industry should be considered.
JAPAN
Jul 28, 1997

U.S. swipe at FTC has MITI irked

Osamu Watanabe, vice minister for international trade and industry, on July 28 criticized Washington for going too far in its attack on the Fair Trade Commission.
JAPAN
Jul 28, 1997

Tokyo won't seek greenhouse gas target in Bonn

Japan will attempt to build a consensus on a framework for reducing greenhouse gas emissions from 2000 but will not propose numerical targets, at an upcoming meeting in Bonn, government officials said July 28.
JAPAN / History
Jul 23, 1997

Scholar’s New Testament intro opens eyes

Kenzo Tagawa, 61, a leading New Testament scholar, finds the sales of his latest book ‘‘encouraging’’ and ‘‘surprising.’’
JAPAN
Jul 23, 1997

Departing Canadian envoy pleased with trade progress

Canada is satisfied with the improved access to Japan's construction and housing sectors, but other sectors are still rigid, departing Canadian Ambassador Donald Campbell said July 24.
JAPAN
Jul 22, 1997

Ministers promise to curtail 'sokaiya'

Cabinet ministers held their first meeting July 22 to discuss problems related to "sokaiya" corporate extortionists, hoping to stem the scandals rocking Japan's corporate and financial world.
JAPAN
Jul 22, 1997

Talks progress on Japanese wives in North Korea

Tokyo and Pyongyang will continue talks on allowing Japanese women living in North Korea with their Korean husbands to visit Japan, Chief Cabinet Secretary Seiroku Kajiyama said July 22.
JAPAN
Jul 18, 1997

MITI chief complains about low interest rate

Trade chief Shinji Sato voiced skepticism July 18 over continuation of the current low interest rates.
JAPAN
Jul 18, 1997

Imported corn is from China, not North Korea

The government has discovered that the corn unloaded from a North Korean freighter at Aomori port was produced in China, Chief Cabinet Secretary Seiroku Kajiyama said July 18.
JAPAN
Jul 18, 1997

Sending planes was right decision, Kajiyama says

The controversial dispatch of three Air Self-Defense Force transport planes to Thailand for a possible evacuation mission in Cambodia was the "right choice," Chief Cabinet Secretary Seiroku Kajiyama said July 18.
JAPAN
Jul 17, 1997

Northwest supports drive for 'open skies'

Several top executives of Northwest Airlines on July 17 expressed support for Washington's demand for "open skies," or the full liberalization of the trans-Pacific civil aviation market.
JAPAN
Jul 16, 1997

Tax cut should be linked to review

Any reduction in the present corporate tax rate should be considered after reviewing and possibly expanding the range of taxable corporate income, Finance Minister Hiroshi Mitsuzuka said July 16.
JAPAN
Jul 15, 1997

Thai minister's visit to test Japan's loyalty to Asia

This week's visit by Thailand's finance minister, following his government's decision to unfetter its baht from a dollar-dominated basket of currencies, could prove to be a test of Japan's commitment to securing stability in Asian financial markets.
JAPAN
Jul 14, 1997

Toyoda tells government to seek corporate tax parity

Shoichiro Toyoda, chairman of Japan Federation of Economic Organizations (Keidanren), on July 14 urged government officials to take a positive view on reducing corporate taxes, arguing that a cut would eventually vitalize corporate activity.
JAPAN
Jul 11, 1997

Sato to take 'strict stance' on environment in Australia

Stiffening its policy on the environment, the Ministry of International Trade and Industry drew a clear line July 11 separating itself from Australia, which advocates a flexible approach to tackling global warming.
JAPAN
Jul 11, 1997

Shinshinto loses another lawmaker

Shinshinto, the largest opposition party, is losing another member, it was announced July 11.
JAPAN
Jul 11, 1997

New MITI vice minister calls for change

As the global community enters an age of overwhelming competition, Japan must increase its efforts to revamp economic structures and create a new system with greater efficiency, according to Osamu Watanabe, who on July 11 was appointed vice minister for international trade and industry.
JAPAN
Jul 11, 1997

Ministerial conference to combat 'sokaiya' planned

Government ministers will soon hold a conference to discuss problems related to "sokaiya" corporate extortionists as the reverberations of payoff scandals involving leading financial institutions continue to shake Japan, Chief Cabinet Secretary Seiroku Kajiyama said July 11.
JAPAN
Jul 9, 1997

Need for Cambodia airlift recedes

Deputy Chief Cabinet Secretary Teijiro Furukawa indicated late July 9 that the need for the government to send Air Self-Defense Force planes to Cambodia to rescue Japanese people there has decreased.
JAPAN
Jul 8, 1997

Tokyo working out Cambodia evacuation plan

Prime Minister Ryutaro Hashimoto said July 8 that the government is working out ways of rescuing Japanese nationals stranded in Cambodia, according to a high-ranking government official.
JAPAN
Jul 7, 1997

Tokyo issues warning against entering Cambodia

Tokyo issued a warning July 7 against entering Cambodia after a Japanese engineer died July 6 from serious wounds suffered in a firefight in Phnom Penh.
JAPAN
Jul 4, 1997

Aichi quits Shinshinto, hits Ozawa's leadership

Kazuo Aichi, a senior Lower House member of Shinshinto, will leave the largest opposition party next week, sources said July 4.
JAPAN
Jul 3, 1997

Tanker's oil spill smaller than first feared

Oil spilled July 2 from a supertanker in Tokyo Bay amounts to about 1,550 kiloliters of crude, only one-10th the figure reported the night of the spill, Chief Cabinet Secretary Seiroku Kajiyama said July 3.
JAPAN
Jul 3, 1997

Peru to get loans of 42.6 billion yen

Japan promised some 42.6 billion yen July 3 in fresh economic aid to Peru, while Peruvian President Alberto Fujimori brushed aside concerns over terrorism and urged Japanese firms to invest further in his country.
JAPAN
Jul 2, 1997

U.N.'s Akashi urges nation to aid North Korea

U.N. Undersecretary General Yasushi Akashi urged Japan on July 2 to extend humanitarian emergency food aid to North Korea to ease its severe food shortage.
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.
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.
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.”
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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