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JAPAN
May 14, 1997

U.S. military's land leases expire; nothing happens

Although leases for land plots at 11 U.S. military bases expired at midnight May 14, a relevant law that was revised last month will enable the central government to continue providing the land to the U.S. forces.
JAPAN
May 14, 1997

Sumitomo Trust denies market rumors

Sumitomo Trust & Banking Co. on May 14 flatly denied market rumors that it would issue preferred stocks and terminate overseas operations due to losses, reports of which prompted stock exchanges to order trading in its shares be suspended.
JAPAN
May 13, 1997

Annan expects UNSC reformation by year's end

A breakthrough in reforming the United Nations Security Council could be achieved by the end of the year as momentum mounts among members of the international body, U.N. Secretary General Kofi Annan said May 13.
JAPAN
May 13, 1997

Pyongyang's ADB bid to get due consideration, bank chief says

FUKUOKA -- North Korea's bid to gain membership in the Asian Development Bank will not be affected by other ongoing diplomatic negotiations concerning the country, ADB President Mitsuo Sato said May 13.
JAPAN
May 12, 1997

Seoul pushes North Korea's bid to join ADB

FUKUOKA -- South Korea on May 12 called on other members of the Asian Development Bank to join it in supporting North Korea's bid to become a member.
JAPAN
May 12, 1997

SDF may be used for war on terrorism

Relaxing legal restraints on the Self-Defense Forces may be necessary to enable the government to better combat terrorism overseas, Chief Cabinet Secretary Seiroku Kajiyama said May 12.
JAPAN
May 9, 1997

Tepco promises rate cuts next year

Tokyo Electric Power Co. will reduce electricity rates early next year as a result of the utility's progress in streamlining management, Tepco President Hiroshi Araki told a news conference May 9.
JAPAN
May 9, 1997

Mitsuzuka 'not satisfied' with yen's level

Finance Minister Hiroshi Mitsuzuka implied May 9 that he would like to see a further strengthening of the yen against the dollar, saying he was "not yet satisfied" with current foreign exchange levels.
JAPAN
May 7, 1997

Aboriginal leaders hit Asian Development Bank projects

Three leaders of Asian indigenous peoples said at a news conference May 7 that their human rights and environment are being violated because of development projects partially funded by Japan.
JAPAN
May 6, 1997

Japanese firms catching on to stock options

An increasing number of Japanese corporations are introducing de facto "stock option" arrangements so their executives and employees can take advantage of a highly lucrative system available to many U.S. corporate executives.
JAPAN
May 6, 1997

Politician joins activists in landing on Senkaku Islands

An opposition lawmaker and three other activists landed early May 6 on one of the Senkaku Islands, which are claimed by Japan, China and Taiwan, Maritime Safety Agency officials said.
JAPAN
May 1, 1997

Authorities to act on forex fluctuation

Authorities will closely monitor foreign exchange markets and take appropriate action in line with the latest statement by the Group of Seven industrialized nations calling for exchange rates that will not lead to huge external surpluses, a top Finance Ministry official said May 1.
JAPAN
Apr 30, 1997

G-7 statement hard one to digest, Mitsuzuka says

It will take some time for the foreign exchange market to fully understand the significance of the statement issued May 4 by the finance ministers and central bankers of the Group of Seven, Finance Minister Hiroshi Mitsuzuka said April 30.
JAPAN
Apr 28, 1997

Disclosure for disposal of arms left in China urged

The government must make public information on how it will dismantle poison gas weapons abandoned in China at the end of the war, a citizens' group holding exhibitions on Japan's wartime development and use of poison gas demanded April 28.
JAPAN
Apr 28, 1997

G-7 agrees to constrain dollar, surplus

WASHINGTON -- The Group of Seven industrialized nations, warning against a further upswing of the dollar against the yen, joined hands April 27 in an attempt to check the U.S. currency's rise and to keep Japan's external surplus from increasing markedly.
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

Witnesses relive Tokyo subway gas attack

Three witnesses for the prosecution testified at the April 25 session of Aum Shinrikyo founder Shoko Asahara's trial, telling the court how they cared for victims of the 1995 Tokyo subway nerve gas attack immediately after the incident occurred.
JAPAN
Apr 23, 1997

Ministry considers punishment for Nomura

The Finance Ministry has begun studying details of the punishment to be imposed on Nomura Securities Co. over its shady stock deals and payments to a firm linked to a "sokaiya" corporate extortionist, according to ministry officials.
JAPAN
Apr 23, 1997

Hashimoto accepts lack of advance warning about attack

Prime Minister Ryutaro Hashimoto said April 23 that he regrets Tokyo was not informed in advance of the rescue operation at the Japanese ambassador's residence in Lima, but added he "understands" the decision of Peruvian President Alberto Fujimori.
JAPAN
Apr 22, 1997

Scandal forces Nomura to reshuffle management

Nomura Securities Co. said April 22 that Managing Director Junichi Ujiie will assume its presidency May 1 in place of Masashi Suzuki. The move is aimed at improving the brokerage's public image in the wake of a scandal involving shady stock deals and payments to a firm linked to a "sokaiya" corporate...
JAPAN
Apr 22, 1997

Banking head says industry 'positive' on NCB bailout

Nippon Credit Bank's recently announced restructuring plan seems sufficient to revitalize the bank and NCB's calls for financial aid will be considered in a positive way, the new head of the nation's banking industry said April 22.
JAPAN
Apr 21, 1997

New Vietnamese consul arrives to push Osaka trade

OSAKA -- Le Ngoc Thu, consul general for Vietnam in Osaka, said here April 21 the new consulate general will work to promote trade between Vietnam and Osaka Prefecture.
JAPAN
Apr 18, 1997

Tokyo governor eyes a cleaner metropolis

Tokyo Gov. Yukio Aoshima, who will enter the last half of his four-year term next week, said April 18 that his priority in the remaining tenure will be a fight against garbage and changing Tokyo into a city of recycling.
JAPAN
Apr 18, 1997

WTO sought on Indonesia car row

Japan has initiated procedures to file a request with the World Trade Organization to set up a dispute settlement panel to examine Indonesia's national car policy, according to the Ministry of International Trade and Industry.
JAPAN
Apr 17, 1997

Mitsui Marine may support NCB

Mitsui Marine & Fire Insurance Co. is leaning toward complying with a request from Nippon Credit Bank for new capital to support its restructuring efforts, the president of the nonlife insurer said April 17.
JAPAN
Apr 15, 1997

Mitsuzuka urges pension reform

The public pension system needs to be reformed -- through such steps as cuts in payments to high-income earners -- if it is to withstand the effects of a rapidly aging population, Finance Minister Hiroshi Mitsuzuka said April 15.
JAPAN
Apr 15, 1997

Tokyo halts high-level talks with Iran

Japan will suspend high-level dialogue with Iran "for the time being" but has no immediate plan to recall its ambassador to Tehran, Foreign Minister Yukihiko Ikeda said April 15.
JAPAN
Apr 11, 1997

Aoshima qualifies scope of disclosure

Tokyo Gov. Yukio Aoshima unveiled a new set of guidelines Friday to widen information disclosure on wining and dining expenses at meetings, but said he will exclude names of metropolitan assembly members from the disclosure for three months -- in an apparent bid to save them from being affected in the...
JAPAN
Apr 11, 1997

ANA to help Skymark obtain license

All Nippon Airways has signed a contract with Skymark Airlines to provide technical assistance to help Skymark obtain a license to begin business, ANA President Seiji Fukatsu said Friday. In a news conference, Fukatsu said that the contract was signed in late February and that ANA will help Skymark procure...
JAPAN
Apr 10, 1997

Top officials back yen; currency's fall halted

Mindful of U.S. warnings against the recent rise in Japan's surpluses, high-ranking financial officials April 10 launched a sudden tirade of comments that the recent fall of the yen is excessive and hinted at corrective action. Their remarks effectively halted the yen's plunge against the dollar, pushing...
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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