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JAPAN
Jan 13, 1998

Armed man holds official hostage at Tokyo Stock Exchange

A man in his 40s wielding what appeared to be a pistol took a hostage Tuesday and holed up in the governor's suite on the 14th floor of the Tokyo Stock Exchange building, demanding to meet with the finance minister, police said.The man, clad in a business suit, took captive Masahiro Abe, 50, an exchange...
JAPAN
Jan 8, 1998

Hashimoto dismisses calls for any further tax cuts

Prime Minister Ryutaro Hashimoto indicated Thursday that he opposes income and residential tax cuts above the 2 trillion yen already announced.Speaking before the House of Councilors' Finance Committee, Hashimoto said he was aware of calls from business leaders and opposition parties for a greater reduction...
JAPAN
Dec 31, 1997

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

Staff writer
JAPAN
Dec 24, 1997

LDP's Kato suggests regional banks close overseas units

In another attempt to ease the growing credit crunch, Koichi Kato, secretary general of the ruling Liberal Democratic Party, has urged Japan's regional banks to close their international operations and focus on supplying more funds to local companies.
JAPAN
Dec 22, 1997

Economic worries send TSE below 15,000 level

The Tokyo stock market ended sharply lower Monday, with the downtrend in share prices continuing unabated amid growing worries about the ailing economy.
JAPAN
Nov 24, 1997

Yamaichi Securities decides to shut down

Yamaichi Securities Co. formally decided Monday to close down voluntarily amid a financial crisis linked to flagging stock prices, fallen credibility from payoff scandals and recently discovered losses from illegal "tobashi" trading activities.
JAPAN
Nov 10, 1997

Nissan Motor reports 46.7% half-year profit rise

Supported by robust exports to cover sluggish domestic sales, Nissan Motor Co. Monday reported nonconsolidated pretax profits Monday of 45.36 billion yen, up 46.7 percent from a year earlier, for the first half of the 1997 business year, which ended Sept. 30.
JAPAN
Nov 6, 1997

Toyota's profits climb thanks to brisk exports

Toyota Motor Corp. managed to post pretax profits of 324.56 billion yen in the April-September period, up 25.6 percent from the same period last year, as brisk exports made up for lackluster sales in the domestic market, the nation's largest automaker said Thursday.
JAPAN
Nov 6, 1997

PC shipments mark first fall since '92

Domestic shipments and exports of personal computers by Japan's 23 major PC makers dropped for the first time since 1992, totaling 3.97 million units in the first half of the 1997 business year that ended Sept. 30, an industry group announced Thursday.
JAPAN
Nov 4, 1997

Financing of Kansai airport runway decided

OSAKA -- Leaders of four Osaka-based business organizations and the Japan Federation of Economic Organizations (Keidanren) agreed Tuesday on a plan for how the private sector should finance the construction of a second runway at Kansai International Airport.
JAPAN
Oct 23, 1997

Analyst calls them the 'Big Three'

Yamaichi Securities Co. is no longer worthy of being grouped with the Big Four securities firms, an analyst said Oct. 23, reacting to the firm's business results.Hiroshi Okumura, a professor of business management at Chuo University, was commenting on Yamaichi's 2.7 billion yen in pretax losses and...
JAPAN
Oct 17, 1997

Western Canada, Kansai plan better ties

KOBE -- Government and business officials from the Kansai region and western Canada agreed Oct. 17 to strengthen private-sector-driven cooperation to revitalize and diversify their economies.Canadian participants at the Kansai-Canada West Business Forum said western Canada welcomes investment by Kansai-based...
JAPAN
Oct 14, 1997

Bad-loan troubles force Kyoto bank to liquidate

OSAKA -- Kyoto Kyoei Bank said Oct. 14 that it will begin liquidation procedures and transfer its operations to Osaka-based Kofuku Bank by next Oct. 1, after using funds from the Deposit Insurance Corp. to get rid of its nonperforming assets.Kofuku, another second-tier regional bank with bad loans of...
JAPAN
Oct 2, 1997

Economic turmoil won't deter South Korea, trade chief says

Staff writerDespite the current economic turmoil involving major business conglomerates and financial institutions, South Korea says it will maintain its deregulation and liberalization policies."We launched this market principle to strengthen company management, and it should help increase international...
JAPAN
Sep 30, 1997

NCB and Bankers Trust reach cross-shareholding agreement

Nippon Credit Bank and Bankers Trust Co. of the United States will hold between 1 billion yen and 2 billion yen in each other's shares, and Bankers Trust will also acquire an option to buy additional NCB shares worth 15 billion yen in three years, NCB announced Sept. 30.
JAPAN
Aug 6, 1997

In with a Bang: Foreign financial firms eye deregulation

Japan's so-called Big Bang financial reform is a long time in coming, but foreign financial institutions are well prepared to meet the challenge, according to the head of the Tokyo office of ING Barings Securities Japan.
JAPAN
Aug 6, 1997

PC sales, exports remain at last year's levels

Domestic shipments and exports of personal computers by the nation's 23 major PC manufacturers totaled 2 million units in the April-June period this year, unchanged from the same period last year, an industry group reported August 6.
JAPAN
Jul 30, 1997

Bolivian envoy touts seeds of investment

Bolivian Ambassador Jorge Balcazar Aranibar, who finishes his assignment and departs for home July 31, believes the seeds have been sown for a stronger relationship with Japan.
JAPAN
Jul 30, 1997

Top brokerage to cut pay of board members, punish others

Following the announcement of administrative penalties against Nomura Securities Co. for its illegal dealings with a "sokaiya" corporate extortionist, Nomura will cut the salaries of its board members and punish 25 of its employees, President Junichi Ujiie said July 30.
JAPAN
Jul 24, 1997

Keidanren sees solution in external auditors

OYAMA, Shizuoka Pref. -- Japanese firms need to create a strong system of checks and balances on management by hiring more external auditors, top business leaders agreed July 24 at the annual summer forum of the Japan Federation of Economic Organizations (Keidanren).
JAPAN
Jul 23, 1997

FTC finds no illegalities with Fuji Film practices

After 15 months of investigation, the Fair Trade Commission concluded July 23 that it sees nothing illegal with Fuji Photo Film's business practices, effectively turning down Washington's calls for stricter implementation of the Antimonopoly Law.
JAPAN
Jul 16, 1997

Welfare group raided over alleged fraud

OSAKA -- Osaka and Kyoto prefectural police jointly raided the main office of the Tokufukai welfare business group and more than 20 other locations July 16 over allegations that the group committed fraud involving a massive amount of government subsidies.
JAPAN
Jul 15, 1997

NPA striving for new sex industry regulations

A National Police Agency panel met for the first time July 15 to study ways to regulate dating clubs, adult video home delivery services and other activities that are not currently covered by the adult entertainment business law.
JAPAN
Jul 9, 1997

FTC drafts rules on forbidden holding firms

The Fair Trade Commission released on July 9 its draft guideline for prohibited cases of holding companies under the revised Antimonopoly Law.
JAPAN
Jun 25, 1997

Manufacturers found upbeat in latest 'tankan' survey

The Bank of Japan's quarterly "tankan" survey startled most market analysts June 25 by reflecting unexpectedly strong business sentiment among the nation's principal manufacturing firms.
JAPAN
Jun 17, 1997

Carmakers will not reduce exports, JAMA says

Japan's auto industry has no intention of sharply increasing exports, but the idea that automakers should refrain from exporting more is not acceptable, according to the head of the Japan Automobile Manufacturers Association.
JAPAN
Jun 10, 1997

Nike 'doing it' well in Japan

When sporting goods giant Nike, Inc. opened its Niketown superstore in New York last November, the company anticipated that about 100 journalists would attend the opening day ceremonies.
JAPAN
Jun 10, 1997

Homeless undercut kiosks with used magazines

Some homeless people around JR Shinjuku Station run a thriving business selling discarded magazines at discount prices, but kiosks are complaining that their "illegal" rivals are damaging their sales.
JAPAN
Jun 2, 1997

Scandals cast doubt abroad that 'Big Bang' will work

Amid the scandals involving the nation's major financial institutions, questions are being raised overseas about whether the "Big Bang" financial reforms can bring true changes, Kumiharu Shidehara, deputy secretary general of the Organization for Economic Cooperation and Development, said June 2.
JAPAN
May 22, 1997

Electronics firms leapfrog falling semiconductor market

Buoyed by strong sales of computer-related equipment and communications devices such as cellular phones, the nation's major electronics manufacturers on May 22 reported increases in sales revenues in the business year that ended March 31.
Japan researchers develop a simple way to spot signs of Alzheimer's disease
In 2022, the number of elderly people with dementia in Japan reached 4.43 million, according to data from the health ministry.
Real estate worth ¥25 trillion puts Japan companies in spotlight
Elliott Investment Management's stake in Tokyo Gas is centered around getting the utility to sell off its real estate holdings, including Shinjuku Park Tower, which houses the Park Hyatt Hotel Tokyo.
Two dead after fire at Upper House lawmaker Kuniko Inoguchi’s apartment
A fire broke out on the sixth floor of an apartment building where Upper House lawmaker Kuniko Inoguchi resides on Wednesday in Tokyo's Bunkyo Ward.
Japan investigating Amazon for allegedly bullying other businesses
Packages move along a conveyor belt at an Amazon warehouse
Hiroshi Kurosaki looks beyond Japan for heart-wrenching drama
Hiroshi Kurosaki’s Netflix series “Beyond Goodbye” centers on a woman (Kasumi Arimura, left) who discovers her dead lover’s heart saved the life of a quiet pianist (Kentaro Sakaguchi).
Japan researchers develop a simple way to spot signs of Alzheimer's disease
In 2022, the number of elderly people with dementia in Japan reached 4.43 million, according to data from the health ministry.
‘What Divides Us’ producer honors grandfather’s Hiroshima reportage
“What Divides Us" producer Cannon Hersey says his grandfather, who wrote about the aftermath of nuclear destruction in Hiroshima, never spoke about what he had seen while working with Japanese minister Kiyoshi Tanimoto to preserve the stories of survivors.
DPP’s Tamaki leverages new position with energy proposal
DPP leader Yuichiro Tamaki in Tokyo on Tuesday
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.

Podcast

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Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
Japan’s sauna movement: Relax, refresh, repeat
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