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JAPAN
Aug 21, 1998

Obuchi tells Cabinet to fix credit crunch

Prime Minister Keizo Obuchi instructed his Cabinet ministers Friday to step up efforts to ease the ongoing credit crunch surrounding small and medium-size enterprises.
JAPAN
Aug 21, 1998

Trading house Okura declared bankrupt

Okura & Co. became the nation's third-largest corporate failure in 1998 on Friday as the Tokyo District Court declared the venerable institution bankrupt with 288.3 billion yen in group liabilities.
JAPAN
Aug 21, 1998

Kyoto 'machiya' open to gain public support

KYOTO -- Five "machiya," or traditional wooden houses, in central Kyoto were opened to the public Friday in an effort to gain public appreciation for their preservation.
JAPAN
Aug 20, 1998

Politicians assure Keidanren that banks won't fail

Yukihiko Ikeda, policy affairs chief of the Liberal Democratic Party, told executives of the Japan Federation of Economic Organizations (Keidanren) Thursday that the political side will play its part in preventing the failure of major Japanese financial institutions.
JAPAN
Aug 20, 1998

Japan Development Bank eyed as tap for smaller firms

The Finance Ministry will consider how the government-affiliated Japan Development Bank could be used to supply funds to smaller firms struggling with a credit crunch, Vice Finance Minister Koji Tanami said Thursday.
JAPAN
Aug 20, 1998

100 homeless face shelter eviction

Nearly 100 homeless people evicted from their cardboard shantytown near Shinjuku Station in February may have to vacate their current shelters this fall.
JAPAN
Aug 19, 1998

TBWA to buy majority stake in ad firm Nippo

TBWA Worldwide, the world's ninth-largest advertising agency network, will acquire a majority stake in Nippo Corp., a Japanese advertising agency affiliated with Nissan Motor Co., top executives of the three firms announced Wednesday.
JAPAN
Aug 18, 1998

Six execs, four scholars named to economic council

The chairman of Asahi Breweries Ltd. and nine others were officially appointed Tuesday to the new Strategic Economic Council, a special advisory panel to Prime Minister Keizo Obuchi.
JAPAN
Aug 18, 1998

Release of FSA results could invade borrowers' privacy

Prime Minister Keizo Obuchi took a reluctant stance Tuesday on making public the results of ongoing regulatory inspections of the country's biggest banks.
JAPAN
Aug 17, 1998

Nikkei sinks under 15,000 as yen falls

The Nikkei stock average tumbled below 15,000 Monday as shares fell broadly amid fears of a possible synchronized global stock market rout.
JAPAN
Aug 13, 1998

Obuchi timetable on recovery demanded

Prime Minister Keizo Obuchi must set a concrete time limit on overcoming the economic crisis and stake the fate of his Cabinet on achieving this recovery, the Committee for the Promotion of Political Reforms said Thursday.
JAPAN
Aug 11, 1998

BOJ keeps easy money policy unchanged

The Bank of Japan Policy Board agreed Tuesday to maintain the central bank's current easy monetary policy, bank officials said.
JAPAN
Aug 11, 1998

Yen takes plunge to eight-year low; stocks fall

The yen tumbled in Tokyo trading Tuesday, logging levels in the 147 yen range for the first time in roughly eight years, bringing down stock prices and Japanese government bonds with it.
JAPAN
Aug 10, 1998

Ministry sued over naturalization guidelines

A Taiwanese national and legally recognized permanent resident of Japan filed suit Monday with the Tokyo District Court against the Justice Ministry for rejecting his application for naturalization.
JAPAN
Aug 10, 1998

Daiei backs out of JT redevelopment project

Major supermarket chain operator Daiei Inc. announced Monday it will not take part in a redevelopment project at the site of a former Japan Tobacco Inc. plant in Tokyo.
JAPAN
Jul 30, 1998

Izui pleads innocent to bribes, fraud

The defense counsel for petroleum wholesaler Junichi Izui, who is on trial for bribery, fraud and tax evasion, pleaded innocent Thursday to the first two charges at his final hearing.
JAPAN
Jul 29, 1998

KDD, Teleway finalize deal for merger next December

In a move likely to further spur cutthroat competition in the telecommunications industry, KDD and Teleway Japan Corp. signed an agreement Wednesday to merge on Dec. 1.
JAPAN
Jul 27, 1998

Kids resolve to protect environment

Over 100 children from seven nations gathered recently at the National Olympics Memorial Youth Center in Shibuya Ward, Tokyo, to discuss what they could do to prevent environmental destruction.
JAPAN
Jul 27, 1998

Will Windows 98 spur PC revival?

The Akihabara district of Tokyo, famous for its abundance of electronics shops, once again was in an uproar in the middle of the night.
JAPAN
Jul 27, 1998

New JET participants start orientation period

The newest JET program participants have arrived in Tokyo and showed their eagerness to make a mark in schools and local-government offices nationwide, at the start of a three-day orientation program Monday.
JAPAN
Jul 24, 1998

GE Capital seals purchase of Lake

GE Capital Services Corp. of the United States has closed an acquisition deal with Lake Co., Japan's fifth-largest consumer credit firm, the two companies announced Friday.
JAPAN
Jul 24, 1998

Analysis: Fate rides on quick, effective policies

and MITSUKO NASHIMAStaff writers
JAPAN
Jul 24, 1998

Fiscal policymakers face uphill task with economy

and YOSUKE NAITOStaff writers
JAPAN
Jul 23, 1998

IT firms criticize 'backwardness' in approach to Net

To help the Japanese catch up with the wave of globalization in the realm of the Internet, a group of foreign-affiliated firms on Thursday urged the government to provide Net users with more financial incentives to build an information-oriented society.
JAPAN
Jul 23, 1998

Keidanren urges financial realignment

Staff writer
JAPAN
Jul 23, 1998

End of recruitment pacts sparks skipping to find jobs

Abolition of recruitment agreements between companies and new university graduates has helped ease the hectic job-hunting ritual, but class attendance is dropping as students take the hunt into their own hands, according to a survey released Thursday.
JAPAN
Jul 22, 1998

Computers evolving to slimmer, more stylish models

Staff writer
JAPAN
Jul 21, 1998

Stimulus impact to be 'limited,' BOJ says

The government's comprehensive economic stimulus package featuring additional public works projects and special tax reductions will probably have only a limited impact on contracted private demand, the Bank of Japan said in a report Tuesday.
JAPAN
Jul 17, 1998

Finance Ministry needs major overhaul, panel says

The Finance Ministry should be overhauled to make its policymaking more transparent and efficient and to boost staff morale, an ad hoc ministry panel said Friday.
JAPAN
Jul 16, 1998

Keizai Doyukai demands leader who can think

BY SAYURI DAIMONStaff writer

Longform

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