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JAPAN
Jun 8, 1998

MITI recommends easing of oil industry rules

The government should scrap measures designed to balance supply and demand of petroleum products in nonemergency situations, the Petroleum Council, an advisory body to the minister for international trade and industry, said Monday.
JAPAN
Jun 8, 1998

Keidanren chairman responds to criticism

The Japan Federation of Economic Organizations (Keidanren) is not currently soliciting political donations from its member companies, the new head of Keidanren said Monday.
JAPAN
Jun 8, 1998

Public works strategy hit by corporate execs

The government should not use public works projects to help stimulate the dormant economy, and the process of implementing such projects should be reformed substantially to make them more transparent, the Japan Association of Corporate Executives (Keizai Doyukai) said Monday.
JAPAN
Jun 5, 1998

DKB beefs up stake in Kankaku

Kankaku Securities Co. formally announced Friday that it will shore up its capital base with 30 billion yen in aid from Dai-Ichi Kangyo Bank, making it a de facto subsidiary of the major city bank.
JAPAN
Jun 5, 1998

'Big Bang' package receives Upper House approval

A package of four laws for sweeping financial reform was enacted Friday at a plenary session of the Upper House.
JAPAN
Jun 4, 1998

Newspapers still have key role to play in high-tech age

Staff Writer
JAPAN
Jun 3, 1998

Autumn dates announced for visits by Jiang, Kim

Staff writer
JAPAN
Jun 2, 1998

High-fashion bikes hit the streets of Harajuku

In the heart of Tokyo's Harajuku, the nation's fashion capital, Yuumi Mizunaga has opened a shop she hopes will win over the area's young trendsetters.
JAPAN
Jun 2, 1998

Public works plan to target areas of high unemployment

In an effort to improve the worsening job climate, the government said Tuesday it will focus public works projects in areas suffering from serious unemployment, such as Hokkaido, Kyushu and city areas of the southern Kanto and Kinki regions.
JAPAN
Jun 1, 1998

Hotel opens on Tokyo waterfront

Le Meridien Grand Pacific Tokyo opened in Tokyo's Daiba waterfront district in Minato Ward on Monday.
JAPAN
May 27, 1998

Nissan posts 14 billion yen net loss

Nissan Motor Co. on Wednesday reported a consolidated net loss of 14 billion yen in the year that ended March 31.
JAPAN
May 25, 1998

Sour loans at 18 banks add to 21.78 trillion yen

Troublesome loans at the nation's top 18 banks totaled 21.78 trillion yen as of the end of March, according to fiscal 1997 earning reports released by Monday.
JAPAN
May 25, 1998

JAS logs loss of 1.5 billion yen for fiscal 1997

Japan Air System reported 1.5 billion yen in pretax losses on sales of 325.5 billion yen for the business year that ended in March, due to a drop in per-passenger fares forced by intensifying competition, officials of the nation's third-largest airline said Monday.
JAPAN
May 25, 1998

Voters elect second female mayor

Akiko Higuchi was elected the nation's second female mayor Sunday in Hasuda, Saitama Prefecture, beating out incumbent Katsuo Ishikawa in an election with a record-low voter turnout of 52 percent.
JAPAN
May 22, 1998

J. League contender Tokyo Gas bent on survival

As dwindling attendance figures raise concerns over the future of Japan's only professional soccer league, one local Tokyo team busily preparing to join the new second division of the J. League next year is hoping that careful management will ensure its success.
JAPAN
May 22, 1998

Merging banks first to take advantage of DIC law revision

The planned merger between Fukutoku Bank and the Bank of Naniwa, two Osaka-based regional firms, will mark the first case in which merging banks, both ailing, receive financial help from the government-backed Deposit Insurance Corp., the Finance Ministry announced Friday.
JAPAN
May 21, 1998

Nonlife insurers post decline in revenues for '97

The combined annual premium revenue at the nation's five major nonlife insurance firms, for fiscal 1997, registered a year-on-year decline for the first time in the postwar era, earnings reports released Thursday showed.
JAPAN
May 20, 1998

U.S. to lobby for airport work contracts

OSAKA -- A delegation of U.S. construction company executives will travel to Nagoya and possibly the Kansai region in early June in order to press for U.S. access to airport construction projects, according to U.S. Ambassador Tom Foley.
JAPAN
May 20, 1998

Japan Telecom posts consolidated profit

Japan Telecom Co. reported 31.42 billion yen in consolidated pretax profit Wednesday, generating 8.11 billion yen in net profit on sales of 411.76 billion yen for fiscal 1997
JAPAN
May 19, 1998

Tokyo to discuss joint development with Mercosur bloc

Staff writer
JAPAN
May 19, 1998

Who could replace Hashimoto?

Staff writer
JAPAN
May 19, 1998

DirecTV customers climb to 109,000

DirecTV Japan Management Inc. had 109,000 subscribers in Japan as of Tuesday, said Chairman Gareth Chang in his first release of subscription figures since the firm was launched in December.
JAPAN
May 19, 1998

Keidanren chief passes torch to Imai

Japan has pushed deregulation forward during the past four years, but there is still more to be done, said Shoichiro Toyoda, outgoing chairman of the Japan Federation of Economic Organizations (Keidanren), at his final Keidanren press conference Tuesday.
JAPAN
May 15, 1998

Most second-tier brokerages log pretax losses for '97

Eight of the nation's nine second-tier brokerages posted pretax losses for the year that ended in March, according to earnings reports released by Friday, indicating that individual investors are still not returning to the stock market.
JAPAN
May 13, 1998

Nissan unveils 'lifecare' vehicles

To address Japan's rapidly aging population, Nissan Motor Co. will heighten its production of "lifecare" vehicles, which are specially designed for senior citizens and people with physical disabilities, the firm said Wednesday.
JAPAN
May 13, 1998

Mitsubishi Motors woos GM with GDI engine

Mitsubishi Motors Corp. said Wednesday that it may supply its environment-friendly gasoline direct-injection engine to General Motors Corp. of the United States.
JAPAN
May 13, 1998

Daimler-Benz likely to be top shareholder in Nissan Diesel

Daimler-Benz AG is likely to be the top shareholder of Nissan Diesel Motor Co., Nissan Motor Co.'s truck manufacturing affiliate, but the Japanese firm will maintain a certain stake in the truck maker, Nissan President Yoshikazu Hanawa said Wednesday.
JAPAN
May 12, 1998

Yamaichi president says official 'hint' led to loss-hiding tactic

The former president of Yamaichi Securities Co. said under oath Tuesday that a "hint" from a senior Finance Ministry official led the firm to compensate losses to a client and then hide them off its balance sheets.
JAPAN
May 12, 1998

MITI advisers want petroleum demand rules scrapped

The Petroleum Council, an advisory body to the minister for international trade and industry, basically agreed Tuesday that the government should scrap a series of measures to balance supply and demand of petroleum products, a ministry official said.
JAPAN
May 12, 1998

Nissan, Daimler explore prospects for cooperation

Nissan Motor Co. and Daimler-Benz AG are negotiating to cooperate in the areas of commercial vehicle components as well as vans and light trucks, the two companies said Tuesday.

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