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JAPAN
Jul 2, 1997

The Tokyo Elections: LDP, JCP looking strong

More Tokyo voters are leaning toward candidates from the Liberal Democratic Party and the Japanese Communist Party in the assembly election July 6 than four years ago, according to a Kyodo News poll.
JAPAN
Jul 2, 1997

Major oil spill hits Tokyo Bay

A supertanker ran aground July 2 in Tokyo Bay, dumping as much as 15,000 kiloliters of crude oil in one of the worst environmental accidents in Japanese waters, the Maritime Safety Agency said.
JAPAN
Jul 1, 1997

Concert to list shares on TSE in autumn

Concert PLC, a global telecom firm to be established this fall by a merger of British Telecommunications PLC and MCI Communications Corp., will list its shares on the Tokyo Stock Exchange immediately after the company is formed.
JAPAN
Jul 1, 1997

Japan urged to build own economic system

Japan should form its own economic system, rather than simply emulating that of the United States, by making use of its advantages and changing to meet new needs, the newly appointed chief of a government think tank said July 1.
JAPAN
Jul 1, 1997

Dialogue seen as key to Russian row

Building confidence and stepping up cooperation with Russia through high-level dialogue are the keys to resolving the long-standing territorial row over Russian-held islands off Hokkaido, according to Shunji Yanai, newly appointed foreign vice minister.
JAPAN
Jul 1, 1997

Yamaichi denies wrongdoing as 'sokaiya' probe expands

Yamaichi Securities Co., one of the Big Four brokerages, has so far found no illegal transactions with the "sokaiya" corporate extortionist at the center of a growing financial scandal, the firm's chairman said July 1.
JAPAN
Jun 27, 1997

Japan-Nordic summit ends with focus on environment, welfare

BERGEN, Norway -- The leaders of Japan and the Nordic countries ended their first-ever summit June 26 with a call to work together on the environment and share expertise on social welfare programs.
JAPAN
Jun 24, 1997

American Malls remains optimistic about Japan plan

Despite what appears to be firm opposition from the agriculture ministry, American Malls International, a Washington-based developer, seems hopeful of opening a huge shopping mall in Moriya, Ibaraki Prefecture.
JAPAN
Jun 24, 1997

Police arrest 'sokaiya' over extortion attempt

A former "sokaiya" corporate racketeer was arrested June 24 in Tokyo over an alleged extortion attempt that involved an insurance company and magazine subscriptions.
JAPAN
Jun 24, 1997

Four nations urge U.N. to work on environment

NEW YORK -- Four countries on four continents launched a joint initiative June 23 aimed at giving the United Nations new impetus to revitalize the spirit of the 1992 Earth Summit in Rio de Janeiro and achieve sustainable development while tackling environmental problems.
JAPAN
Jun 23, 1997

Hatoyama to work on forming liberal alliance

Yukio Hatoyama, coleader of the Democratic Party of Japan, said June 23 that he will seek cooperation with former prime ministers Morihiro Hosokawa and Tsutomu Hata toward forming a liberal force to counter a possible conservative alliance between the Liberal Democratic Party and Shinshinto.
JAPAN
Jun 20, 1997

Insurers finalize Nissan Mutual liquidation scheme

The Life Insurance Association of Japan endorsed a liquidation scheme June 20 for Nissan Mutual Life Insurance Co. that will create a new entity to manage its policies and write off an estimated 100 billion yen worth of the failed insurer's debts over a period of five years.
JAPAN
Jun 18, 1997

Trade surplus soared 222.2% in May to 738 billion yen

The nation's customs-cleared trade surplus for the month of May soared 222.2 percent from the same period last year to 738.3 billion yen, marking the second straight month of increase, according to figures released June 18.
JAPAN
Jun 18, 1997

Hosokawa finally quits party he helped found

Former Prime Minister Morihiro Hosokawa walked away from Shinshinto on June 18, dealing a fresh blow to the already troubled leadership of party chief Ichiro Ozawa.
JAPAN
Jun 17, 1997

DKB released from directorship of bankers' federation

The Japan Federation of Bankers Associations decided June 17 to grant a request by scandal-tainted Dai-Ichi Kangyo Bank to be released from its duties as a director of the organization for the remaining 10 months of its term.
JAPAN
Jun 16, 1997

Barclays, Hokkaido Takushoku eye business tieup

Hokkaido Takushoku Bank and Barclays Bank PLC announced June 16 they will begin discussions toward mutual business cooperation in such areas as asset securitization and development of products for the Japanese market.
JAPAN
Jun 13, 1997

GDP up 1.6% in January-March period

The economy grew 1.6 percent in real terms in the January-March period from the previous three-month period, bringing real growth in gross domestic product during fiscal 1996 to a strong 3 percent, according to a preliminary government report released June 13.
JAPAN
Jun 12, 1997

Ambassadors issue call to ban land mines

Japan should join with the 100-plus nations that have agreed to back a Canadian initiative to ban antipersonnel land mines, the ambassadors to Tokyo from Canada, Belgium, Austria, Norway and the Philippines said in a joint news conference June 12.
JAPAN
Jun 12, 1997

NOVA to refund 3.8 million yen to students

NOVA, a major language-school chain, will refund a total of 3.8 million yen to 18 students who were unable to use lesson tickets they had purchased, a Tokyo Metropolitan Government committee said June 12.
JAPAN
Jun 11, 1997

Windsor takes in ailing Hokkaido hotel

Windsor Hotels International Co. will take over the operation of Hotel Apex Toya, a troubled high-class resort hotel in Hokkaido, it was announced June 11.
JAPAN
Jun 10, 1997

JOC inspectors check out Osaka's prospects

Nine members of the Japan Olympic Committee arrived in Osaka on June 10 for a two-day inspection tour of athletic venues and other sites at which the city hopes to hold the 2008 Summer Olympics.
JAPAN
Jun 3, 1997

Sato rails against Patent Office as agency

The Patent Office should have greater authority, trade chief Shinji Sato said June 3, indirectly opposing the idea of turning it into an independent agency.
JAPAN
Jun 3, 1997

Revisions to Bank Law may stiffen penalties

Revisions to the Banking Law to increase its punitive measures may be proposed by this fall's extraordinary Diet session, the finance minister said June 3, as the scandal involving Dai-Ichi Kangyo Bank deepens day by day.
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 28, 1997

Quadriplegic sues BMW over air bag accident

OSAKA -- A 66-year-old man who was paralyzed in a car accident filed a lawsuit May 27 against the company that imported the vehicle and the dealer he bought it from, claiming he was severely injured because the air bag failed to deploy.
JAPAN
May 26, 1997

Tokai radiation no health threat, experts say

The amount of radiation that leaked in March at the nuclear fuel reprocessing plant in Tokai, Ibaraki Prefecture, is too small to pose a threat to human health, four members of the Japan Radiation Research Society claimed May 26 during a news briefing.
JAPAN
May 23, 1997

Sumitomo Bank shuffles leadership

OSAKA -- Sumitomo Bank announced May 23 that Vice President Yoshifumi Nishikawa will replace Toshio Morikawa as president, effective June 27.
JAPAN
May 20, 1997

Dollar tumbles to 111.98 yen

With the downtrend gathering momentum in Tokyo, the dollar touched the 111 yen level momentarily late May 20 for the first time since Dec. 6, 1996, on a rush of selling by exporters and institutional investors.
JAPAN
May 16, 1997

Diet legalizes stock options

Legislation to legalize stock options cleared the Diet on May 16, setting the stage for many Japanese corporations to introduce in June the highly lucrative system of remuneration available to many U.S. corporate executives and employees.
JAPAN
May 16, 1997

Economists doubt structural reforms will succeed

With the Cabinet's approval May 16 of an action plan for economic structural reform, the government tried to demonstrate its indomitable resolution to reconstruct the nation's economic system and ensure sustainable growth well into the next century.
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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