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JAPAN
Feb 2, 1998

Zenkoji Temple to be backdrop for CBS Games coverage

Staff writer
JAPAN
Jan 29, 1998

Rover to recycle its cars in Japan

Amid growing public awareness of the need to conserve the environment, Rover Japan Ltd. will launch a nationwide program in April for recycling its cars, the Japanese subsidiary of the U.K. automaker said Thursday.Rover's announcement follows a similar move by its affiliate BMW Japan Corp., which started...
JAPAN
Jan 26, 1998

Koike made direct payoff demands, court told

Ryuichi Koike, a "sokaiya" corporate racketeer on trial for extortion, demanded payoffs during direct meetings with executives of firms involved in the huge financial scandal surrounding him, prosecutors said Monday during his Tokyo District Court trial.Describing Koike, 54, as a "skillful" and "aggressive"...
JAPAN
Jan 19, 1998

Finance Ministry considering new penalties for Nomura

The Ministry of Finance has begun studying whether new administrative penalties can be imposed on Nomura Securities Co. in connection with a bribery scandal that led to the arrest of two of its former executives, ministry sources said Monday.The ministry will look into whether the giant brokerage, rather...
JAPAN
Jan 15, 1998

Bilingual software aims to open Web to Japanese surfers

Fujitsu Ltd. has developed and will soon release three software packages that promise to open up English-language pages on the Internet for Japanese users.The packages, Nihongo de Search V1.0 (Search in Japanese), Honyaku Surfing V4.0 (Surfing in Japanese) and Honyaku Surfing Plus V4.0 will be marketed...
JAPAN
Jan 13, 1998

Isuzu forecasts 11% drop in auto sales

Sales at Isuzu Motors Ltd. for 1998 will drop 11 percent to 631,000 units amid the economic slump in the domestic market and Southeast Asia, the company said Tuesday.Isuzu produced 705,029 vehicles last year and plans to produce 623,000 this year, down 12 percent. The economic crisis in Thailand will...
JAPAN
Jan 13, 1998

Nikkeiren says firms can't afford pay hikes

The economy is in the doldrums and corporations cannot afford to grant wage increases, according to a report adopted Tuesday at an extraordinary general meeting of the Japan Federation of Employers' Associations (Nikkeiren).Prior to this year's spring labor offensive, known as "shunto," the position...
JAPAN
Jan 12, 1998

Dai-Ichi Kangyo executives plead guilty to payoffs

Four former executives of Dai-Ichi Kangyo Bank pleaded guilty Monday to extending illegal loans to a "sokaiya" corporate extortionist in violation of the Commercial Code, in their first trial hearing before the Tokyo District Court.The four, all wearing navy-blue suits and white shirts, are former Vice...
JAPAN
Jan 2, 1998

The Telecoms Race: TTNet takes lead in domestic price war

Second of two partsStaff writerDeregulation in the telecommunications sector began to be slowly implemented over a decade ago, but it is only now that the industry is entering cutthroat price competition, accelerated by the imminent breakup of NTT.On Jan. 7, Tokyo Telecommunication Network Co. (TTNet)...
JAPAN
Jan 2, 1998

Into the Fast Lane: Multilateral netting to break forex 'oligopoly'

Staff writerBye-bye banks. Some major manufacturers and trading houses are trying to bypass banks for foreign exchange transactions.While it may benefit these firms, the April 1 deregulation will lead to a tough survival game for banks in the foreign exchange business. Under the revised law, firms in...
JAPAN
Dec 31, 1997

'Big Bang' will expose scrimpers' savings to big risks

Staff writer
JAPAN
Dec 26, 1997

Another 'tobashi' brokerage found during probe

The result of a Finance Ministry probe released Friday showed that another securities firm has been involved in "tobashi" transactions.
JAPAN
Dec 25, 1997

Slim second budget approved for '98

The Cabinet on Thursday approved the final version of the government's general investment and loan program for fiscal 1998, which accounts for a total 36.66 trillion yen, down 6.8 percent from the current year.
JAPAN
Dec 25, 1997

Nifco buys out overseas partners

Nifco Inc. bought out its two overseas partners in plastic parts ventures and turned them into subsidiaries this week.
JAPAN
Dec 25, 1997

Ascii to join CSK group

Ascii Corp., a major game software maker and a publisher of computer magazines, will become part of the group led by major information service firm CSK Corp. by issuing new shares to CSK and game machine giant Sega Enterprises Ltd., the three companies announced Thursday.
JAPAN
Dec 24, 1997

Heroic actor Toshiro Mifune dead at age 77

Actor Toshiro Mifune, who appeared in 16 Akira Kurosawa films, including "Rashomon" in 1950 and "Seven Samurai" in 1954, died Wednesday night at a hospital in Mitaka, Tokyo. He was 77.
JAPAN
Dec 23, 1997

Feature: Horse-drawn globe-trotters come to Japan

Staff writer
JAPAN
Dec 22, 1997

Hashimoto concerned with Nikkei's slide

Prime Minister Ryutaro Hashimoto said Monday he was "very concerned" that the Tokyo Stock Exchange's key barometer has dropped below 15,000 yen.
JAPAN
Dec 22, 1997

Daiwa Bank, IBM form data managing venture

Daiwa Bank and IBM Japan Ltd. said Monday they have agreed to form a joint venture that will develop and operate information systems for the commercial bank.
JAPAN
Dec 19, 1997

Shares and yen tumble as credit crunch worsens

Share prices and the yen came under severe selling pressure Friday in Tokyo amid reports that a credit crunch has forced a major food trader out of business.
JAPAN
Dec 19, 1997

Harlequin Air launches first flight

Harlequin Air, a new airline affiliated with Japan Air System, started services Friday with a chartered flight from Fukuoka to Brisbane, Australia.
JAPAN
Dec 18, 1997

Seamen left high and dry as tunnel's opening celebrated

KISARAZU, Chiba Pref. -- It was the day to hang up their sea boots after decades on the sea.
JAPAN
Dec 16, 1997

City's testing confirms toxins buried at site of theme park

Staff writer
JAPAN
Dec 12, 1997

Diet passes revision to Deposit Insurance Law

A government-sponsored bill to revise the Deposit Insurance Law was enacted Friday when the Upper House passed it on the final day of the 141st extraordinary Diet session.
JAPAN
Dec 12, 1997

Diet lists some of Yamaichi's 'tobashi' clients

The Diet on Friday named seven corporate customers of Yamaichi Securities Co. that were involved in dubious "tobashi" dealings that led to the 100-year-old brokerage's failure last month.
JAPAN
Dec 11, 1997

Japan ripe for opening to foreign investment, Foley says

The time is right for Japan to implement policy changes to eliminate barriers to foreign investment and encourage more cross-border mergers and acquisitions, U.S. Ambassador Thomas Foley said Thursday in Tokyo.
JAPAN
Dec 11, 1997

Sakura Bank exec, realtor imprisoned for fraud

The Tokyo District Court on Thursday sentenced a deputy manager of the Sakura Bank branch in Tsunashima, Yokohama, to seven years in prison for defrauding clients out of about 1.85 billion yen by fabricating lucrative investment programs.
JAPAN
Dec 9, 1997

Yamaichi chief gives Diet testimony on 'tobashi' trades

Ten corporate customers were involved in Yamaichi Securities Co.'s dubious "tobashi" dealings to hide losses that eventually led to the collapse of the brokerage, Tsugio Yukihira, chairman of the failed firm until last August, said Tuesday in unsworn testimony in the Diet.
JAPAN
Dec 3, 1997

Yamaichi collapse didn't faze 'sokaiya'

Ryuichi Koike, who on Tuesday went on trial for allegedly extorting huge sums from five of Japan's biggest financial institutions, showed no emotion when he heard about the recent collapse of Yamaichi Securities Co., according to sources.
JAPAN
Dec 1, 1997

Suntory, Hugo Boss settle trademark dispute

OSAKA -- Suntory Ltd. and the Japanese unit of major German men's apparel maker Hugo Boss AG have reached an out-of-court settlement over a trademark dispute, sources said Monday.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?