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JAPAN
Dec 1, 1997

Seven suspected in land sales fraud

Police arrested six people and put another on a wanted list Monday on suspicion of swindling 10 million yen from elderly people who had earlier suffered losses from fraudulent sales of undeveloped rural property.
JAPAN
Dec 1, 1997

Prison sought for ex-minister's sister

Prosecutors demanded a three-year prison term Monday for Yoshie Yamaguchi for allegedly receiving two credit union loans totaling 2.7 billion yen without sufficient collateral.
JAPAN
Nov 26, 1997

Mitsubishi Estate, Hitachi raided over payoffs

The Metropolitan Police Department raided the head offices of Mitsubishi Estate Co. and Hitachi Ltd. on Wednesday over alleged illegal payoffs to a "sokaiya" corporate extortionist.
JAPAN
Nov 25, 1997

Nomura execs plead guilty to 'sokaiya' payoffs

A former president and two former managing directors of Nomura Securities Co. pleaded guilty Tuesday to conspiring to pay 370 million yen to a "sokaiya" corporate extortionist in one of the biggest financial scandals to rock the nation this decade.
JAPAN
Nov 21, 1997

Expanding day-care center building on bilingualism

Staff writer
JAPAN
Nov 20, 1997

Train leaves its conductor behind

A JR train left its conductor on a platform at Ichikawa, Chiba Prefecture, on Thursday morning, delaying services and inconveniencing 21,000 commuters on the Sobu Line, the railway company said.
JAPAN
Nov 19, 1997

Store gets the jump on suits for new staff

Seibu Department Store set aside a special section in its store in Tokyo's Ikebukuro district on Wednesday for the suits that will be needed by job-hunting students.
JAPAN
Nov 11, 1997

KDD considering merger with Teleway

KDD, the nation's leading international telecommunications carrier, said Tuesday it is moving toward a merger with Teleway Corp., a firm affiliated with Toyota Motor Corp. that handles domestic long-distance services.
JAPAN
Nov 10, 1997

Asian economic jitters fuel TSE selling spree

Pessimism reigned Monday over prospects for the Tokyo stock market and the yen's value against the dollar.
JAPAN
Nov 6, 1997

Amway gets 500 complaints a year

The head of a consumer rights organization told a Diet committee Thursday that his group has received about 500 complaints each year since 1992 over the operations of Amway Japan Ltd., a member-based distribution company that makes sales but has no stores.
JAPAN
Nov 6, 1997

Invesco's debut with LTCB to publicize investment trusts

Staff writer
JAPAN
Oct 31, 1997

VP Kishi takes helm at Tokyo-Mitsubishi bank

The Bank of Tokyo-Mitsubishi, a leading commercial bank, will promote Vice President Satoru Kishi to the post of president to replace current President Tasuku Takagaki, the bank announced Friday.
JAPAN
Oct 29, 1997

Asia-Pacific companies turn to head-hunting

Asia-Pacific companies turn to head-hunting>People, not just products, are the key to success for firms operating in the Asia-Pacific region, according to a Harvard Business School professor.
JAPAN
Oct 24, 1997

More Mitsubishi firms tied to 'sokaiya' payoffs

At least three more firms affiliated with the Mitsubishi group are suspected of sending funds to a bank account linked to two "sokaiya" corporate extortionists arrested earlier this week over illegal payoffs from Mitsubishi Motors Corp., police sources said Oct. 24.The three firms are Mitsubishi Electric...
JAPAN
Oct 23, 1997

Six former Yamaichi execs served new warrants

Prosecutors served new arrest warrants Oct. 23 to an ex-president and five former executives of Yamaichi Securities Co. and arrested one of its past senior managing directors on suspicion of illegally reimbursing losses on investment incurred by a major leasing company.The action follows complaints...
JAPAN
Oct 22, 1997

Auto show shifts into environmental gear

CHIBA -- The 32nd Tokyo Motor Show will showcase automotive technologies focusing on environmental protection and safety as automakers address growing concerns over air pollution and global warming.This year's show, previewed by reporters Oct. 22 at Makuhari Messe, comes amid a prolonged slump in auto...
JAPAN
Oct 20, 1997

Carmakers hope drivers rally to environment-friendly push

Staff writerAutomakers have long tried to impress customers with design and driving performance, but now they are paying homage to the latest in added values: environmentally friendly technology.Stranded by lackluster domestic demand, automakers are hoping to stimulate sales by displaying a number of...
JAPAN
Oct 17, 1997

Finance execs' fear of 'sokaiya' may have been physical

Fear of physical danger to management and employees from a corporate extortionist, rather than possible chaos at stockholders' meetings, must have played a bigger role in driving corporate executives to engage in illegal payoff scandals, the reform-minded head of the Nomura Securities Co. said Oct....
JAPAN
Oct 17, 1997

Japan to sign investment pact with Saudi Arabia

Staff writer
JAPAN
Oct 15, 1997

Japan Securities official arrested over embezzlement

A former official of Japan Securities Agents Ltd. was arrested Oct. 15 in Tokyo on suspicion of embezzling 550 million yen worth of convertible bonds.Mikizo Uno, 63, is suspected of taking 550 of the bonds belonging to customers and using them as collateral for a loan. Uno, a former section chief at...
JAPAN
Oct 3, 1997

Nikko chairman, president resign over 'sokaiya' payoff scandal

The chairman and president of Nikko Securities Co. resigned along with six other executives Oct. 3 to take responsibility for the firm's involvement in a payoff scandal, completing a sweep of the Big Four brokerages humiliated by a "sokaiya" corporate racketeer.Chairman Takuya Iwasaki and President...
JAPAN
Oct 2, 1997

U.S. gets thumbs up for Super 301 ruling

Osamu Watanabe, vice minister for international trade and industry, on Oct. 2 applauded Washington's decision not to list Japan's auto market on a Super 301 retaliatory watch list."I regard the decision as the natural conclusion and I appreciate the U.S. government's just judgment," Watanabe told a...
JAPAN
Oct 2, 1997

Internet carriers from four nations plan Asia-Pacific network

Carriers from South Korea, Australia, Hong Kong and Japan will sign a deal later this month to connect their Internet circuits, KDD President Tadashi Nishimoto said Oct. 2.DACOM Corp. of South Korea, Telstra Corp. of Australia, Hong Kong Telecommunications and KDD will sign a memorandum in the middle...
JAPAN
Oct 1, 1997

Former minister gets 18 months for bribery

Former Construction Minister Kishiro Nakamura was sentenced Oct. 1 to 18 months in prison for accepting a 10 million yen bribe from a construction company trying to block a government bid-rigging probe.The Tokyo District Court also sentenced Shinji Kiyoyama, 71, former vice president of construction...
JAPAN
Sep 26, 1997

Nissan Mutual's liquidation contested

Staff writer
JAPAN
Sep 25, 1997

Prosecutors raid Nikko in 'sokaiya' payoff probe

Nikko Securities Co.'s head office in Tokyo was raided Sept. 25 by prosecutors and members of the Securities and Exchange Surveillance Committee in connection with the brokerage's suspected illegal payoffs to "sokaiya" corporate extortionist Ryuichi Koike.
JAPAN
Sep 19, 1997

Honda unveils fuel-efficient drive system

Honda Motor Co. has unveiled a new motor-assisted driving system that will drastically improve fuel efficiency and reduce carbon dioxide emissions.
JAPAN
Sep 18, 1997

Internet phone rattles industry

The recent liberalization of international Internet telephone services is leading to a variety of rates and a mushrooming of service operators.
JAPAN
Sep 16, 1997

Bank workers' salaries continue to grow

Amid public criticism against high salaries in the protected banking industry, an average banker earned slightly more in fiscal 1996 than the year before, a Tokyo-based research company said Sept. 16.
JAPAN
Sep 11, 1997

New Akashi bridge threatens ferry company jobs

Staff writer

Longform

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