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JAPAN
May 19, 1998

Censured officials barred from Financial Supervision Agency

Finance Ministry officials punished for receiving excessive entertainment will not work at the new Financial Supervision Agency, Finance Minister Hikaru Matsunaga said Tuesday.
JAPAN
May 18, 1998

Indonesia Web site links stranded nationals with outside world

A World Wide Web site created by representatives of Japanese firms in Indonesia has become a crucial source of information for those both in and out of the country.
JAPAN
May 15, 1998

Finance Ministry demotes Muto for bribes

Toshiro Muto, director of the Finance Ministry's secretariat, will be demoted Tuesday to take responsibility for a bribery scandal involving ministry officials, Finance Minister Hikaru Matsunaga said Friday.
JAPAN
May 8, 1998

Universal Studios unveils Japan construction plan

OSAKA -- Details of the Universal Studios Japan theme park were unveiled at a news conference Friday, with USJ officials announcing that construction would begin in October this year as scheduled, and expressing confidence in the handling of environmental problems that have come up.
JAPAN
May 6, 1998

More financial failures likely, Kato warns

WASHINGTON -- Presaging the end to Japan's convoy system of financial protection, Liberal Democratic Party Secretary General Koichi Kato warned Tuesday that more major financial institutions will probably go bankrupt as deregulation takes effect.
JAPAN
Apr 28, 1998

Kankaku branch chief held for swindling old lady

The former head of a Kankaku Securities Co. branch was arrested Tuesday on suspicion of defrauding a client of about 54 million yen, Metropolitan Police Department sources said.
JAPAN
Apr 20, 1998

Video 'magazines' to fill foreigners' news needs

Staff writer
JAPAN
Apr 16, 1998

Tokyo-Mitsubishi leaders take 20% pay cut

In light of the bribery scandal involving the Bank of Tokyo-Mitsubishi, the bank said April 16 it will cut by 20 percent the salaries of Chairman Tasuku Takagaki and President Satoru Kishi for a period of three months.
JAPAN
Mar 27, 1998

BOJ sets up legal compliance panel

The corruption-plagued Bank of Japan has set up an in-house committee to discuss matters concerning legal compliance by its officials, the central bank said March 27.
JAPAN
Mar 12, 1998

Banks' wining, dining of BOJ officials said not uncommon

The Industrial Bank of Japan and several other major banks have repeatedly wined and dined executives and other high-ranking officials of the Bank of Japan, in addition to the BOJ official arrested March 11, sources said March 12.
JAPAN
Mar 9, 1998

BOJ exec entertained by top banks

Six to seven banks spent about 7 million yen entertaining an executive of the Bank of Japan over the past five years, according to sources at the banks.
JAPAN
Mar 6, 1998

New BOJ plan to cut pay of governor, executives

The annual salary for the Bank of Japan governor will be lower than that of the prime minister beginning in April.
JAPAN
Mar 5, 1998

SESC inspector, Finance exec arrested over Nomura bribes

The Tokyo District Public Prosecutor's Office on Thursday arrested a Finance Ministry official and an inspector from the nation's securities watchdog who allegedly took bribes from Nomura Securities Co. in the form of wining and dining, sources said.
JAPAN
Mar 5, 1998

Local efforts serving as wedge for disclosure

Second in a series
JAPAN
Mar 4, 1998

Information disclosure bill seen as first step

First in a series
JAPAN
Feb 19, 1998

Chief insurer distances nonlife sector from recent scandals

BR>The head of the nonlife insurance industry on Thursday tried to distance his field from the nation's banking scandal, saying nonlife insurance firms do not excessively wine and dine Finance Ministry officials.
JAPAN
Jan 27, 1998

Banker wants 'MOF-tan' abolished

Banks should consider abolishing positions specifically created to maintain close contact with Finance Ministry officials, the head of the banking industry federation said Tuesday.Naotaka Saeki, president of Sanwa Bank and chairman of the Federation of Bankers Associations of Japan, put forward the...
JAPAN
Jan 26, 1998

Finance Ministry inspectors arrested over bank bribes

Two officials of the Finance Ministry's Finance Inspection Department are under arrest on suspicion of accepting bribes from banks in the form of wining and dining, the special investigative squad of the Tokyo District Public Prosecutor's Office announced Monday night.The two arrested were identified...
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
Dec 31, 1997

DKB suspected of wining, dining in loan coverup

Dai-Ichi Kangyo Bank officials wined and dined Finance Ministry officials while the bank was under a ministry investigation in 1994, and they are suspected of prodding the ministry into issuing a favorable report on its bad loans, sources said Wednesday.
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 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
Oct 10, 1997

World brewers toast Osaka beer festival

OSAKA -- It's the summit gathering where everyone's an ambassador.International Beer Summit '97 Osaka, which kicked off here late Oct. 9, is being hailed by international microbrewery experts as one of the world's top beer festivals. More than 100 different brews, from ales to lagers to exotic concoctions...
JAPAN
Jul 8, 1997

Citizens suspicious of Osaka's bid for Olympics

OSAKA -- While Osaka officials say public support for the 2008 Olympics bid is at a fever pitch, many ordinary citizens are concerned that public money is being spent on Olympic-size plans without public accountability, and recent polls indicate a growing number are having second thoughts about the Games....
JAPAN
Jun 11, 1997

Sony ships 16 millionth PlayStation

Sony Computer Entertainment Inc. announced June 11 that total shipments of its PlayStation home video game machine reached 16 million as of the end of May.
JAPAN
Jun 6, 1997

Okamitsu tells Diet 60 million yen he got was a loan

Nobuharu Okamitsu, a former vice health minister now on trial on charges of taking 60 million yen in bribes from the head of a welfare business group, said in unsworn testimony June 6 at the Diet that he received the money as a temporary loan.
JAPAN
May 26, 1997

Izui denies bribing, is mum on fraud

Osaka-based oil dealer Junichi Izui pleaded not guilty May 26 to bribing a former official of Kansai International Airport Co., and postponed entering a plea on his fraud charge.
JAPAN
Apr 29, 1997

Umeda Sky Building venue for German Import Fair

OSAKA -- The German Import Fair, the first ever of its type in Osaka, will be held at the Umeda Sky Building complex here from May 16 to 18.
JAPAN
Apr 24, 1997

Izui pleads guilty to tax evasion

Osaka-based oil dealer Junichi Izui pleaded guilty April 24 to committing massive tax evasion between 1992 and 1994.
JAPAN
Apr 21, 1997

Panel backs longer time for public works plan

The government needs to extend its 10-year plan for 630 trillion yen in spending on public works projects instead of trimming the amount, members of the Conference on Fiscal Structural Reform agreed April 21, according to government officials.
In a first, Japan issues cease-and-desist order against Google
The Google logo is seen at the company's Bay View campus in Mountain View, California. Japanese authorities on Tuesday issued a cease-and-desist order to Google over an alleged violation of the country's anti-monopoly law.
Tokyo hotel operators face possible warnings over suspected price cartel
Foreign tourists gather on a platform at Kyoto Station on Wednesday.
Japan and the U.S. begin tariff talks on good terms, but without breakthroughs
Ryosei Akazawa, Japan's chief tariff negotiator, speaks to reporters in Washington on Wednesday.
Magnitude 5.0 earthquake jolts Nagano
A map showing the location of an earthquake that hit Nagano Prefecture on Friday evening, with the numbers indicating the seismic intensity on the shindo scale to 7.
Parts of Yamanote and Keihin-Tohoku lines to be suspended over weekend
Sections of the outer loop of Tokyo's Yamanote Line and the Keihin-Tohoku Line will be shut down all day Saturday, and from the start of service through around noon on Sunday.
Nothing sells like Shohei Ohtani, MLB’s marketing megastar
People walk past an advertisement featuring Los Angeles Dodgers two-way star Shohei Ohtani outside Tokyo Dome on March 18.
Tokyo stock picker advises Trump-proofing portfolios with Godzilla-creator Toho
The head of Godzilla, a Japanese monster movie character, is seen on a building of Toho Cinema in Tokyo. Toho is one tariff-defensive stock being recommended by brokers.
LDP and CDP lawmaker groups propose 0% consumption tax on food
A vegetable stand displays prices at a supermarket in Tokyo in 2023. Some lawmakers are proposing lowering the consumption tax on food to 0%, which is expected to result in a loss of up to ¥5 trillion in tax revenue annually.
Tokyo hotel operators face possible warnings over suspected price cartel
Foreign tourists gather on a platform at Kyoto Station on Wednesday.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.
By Tomoko Otake

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