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JAPAN
Feb 2, 1998

6 trillion yen extra budget plan mulled

Prime Minister Ryutaro Hashimoto indicated Monday that his government will consider a proposal by a senior Liberal Democratic Party lawmaker for an extra budget of about 6 trillion yen to be compiled for fiscal 1998 to give an additional boost to the nation's fragile economy.
JAPAN
Jan 28, 1998

Sanyo to venture into elder care business

Sanyo Electric Co. announced Wednesday that it will enter a new business field by establishing a joint venture firm to run nursing homes in light of the rapidly growing elderly population.Sanyo will set up Sanyo Emeritus Corp. jointly with Seattle-based Emeritus Corp. in February. The new firm will...
JAPAN
Jan 27, 1998

Keidanren seeks easing of share buyback rules

The Japan Federation of Economic Organizations (Keidanren) on Tuesday urged the ruling Liberal Democratic Party to establish a law to ease rules governing companies' share buybacks until March 2000 to revitalize the sluggish stock market.Takashi Imai, a Keidanren vice chairman, made the request in a...
JAPAN
Jan 26, 1998

DPJ seeks to use gender-based quotas in fielding candidates

The Democratic Party of Japan, the nation's largest opposition party, announced Monday it plans to introduce a gender-based quota system for selecting candidates for national and local elections."It is the first time for a political party to introduce the system in this country, where it is widely known...
JAPAN
Jan 22, 1998

MMC to supply models to Chrysler until 2005

Mitsubishi Motors Corp. will continue to supply two models produced at its Illinois plant to Chrysler Corp. until 2005, the companies announced Thursday.Mitsubishi has been supplying vehicles to Chrysler since 1982. Under the current agreement, which is due to expire in 1999, Mitsubishi supplies the...
JAPAN
Jan 20, 1998

SDP gives up drive to accelerate ban on political donations

After several months of discussions, the Social Democratic Party on Tuesday gave up efforts to persuade the ruling Liberal Democratic Party to implement ahead of schedule a ban on corporate and group donations to individual politicians.The proposed ban is to take effect in 2000 under the political funds...
JAPAN
Jan 9, 1998

Blair hails Toyota plan to expand production in U.K.

British Prime Minister Tony Blair and Hiroshi Okuda, president of Toyota Motor Corp., announced at a press conference Friday that the automaker has decided to expand an engine factory in Great Britain.Toyota will increase the annual manufacturing capacity of 1,000cc to 1,300cc gasoline engines at a...
JAPAN
Jan 7, 1998

LDP aims to take Upper House majority

A draft of the Liberal Democratic Party's policy platform for 1998 carries a call to arms to win a majority in the Upper House in the July election.The LDP currently holds 120 seats in the 252-seat chamber. It lost its majority in the chamber in July 1989, following the introduction of the consumption...
JAPAN
Dec 31, 1997

Hashimoto vows to give strength to the economy

The government will take every possible measure to stabilize the nation's financial system and restore the economy to a healthy state, Prime Minister Ryutaro Hashimoto vowed during a news conference marking New Year's Day.
JAPAN
Dec 25, 1997

Minister favors conversion of wards into municipalities

Home Affairs Minister Mitsuhiro Uesugi has expressed support for a plan to convert Tokyo's 23 wards into full-fledged municipal bodies, Tokyo Gov. Yukio Aoshima said Thursday.
JAPAN
Dec 19, 1997

92 billion yen lopped off defense program

The government said Friday it will cut spending for its five-year defense program by 92 billion yen to conform to its ongoing financial structural reform, the Defense Agency said.
JAPAN
Dec 19, 1997

Favored tariff system for rich nations may end soon

Japan's preferential tariff treatment of imports from relatively rich countries and regions, including South Korea, should be gradually eliminated beginning in fiscal 1998, an advisory panel said in a report released Friday.
JAPAN
Dec 3, 1997

Upper House panel approves nursing-care insurance bill

The Upper House Committee on Health and Welfare on Tuesday approved a government-proposed bill to create a public nursing-care insurance system for Japan's ailing elderly population, after introducing a revision concerning care services.
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.
JAPAN
Nov 28, 1997

Hashimoto's fiscal reform legislation clears Diet

A government-proposed fiscal reform bill to designate specific reduction targets for key budget areas became law Friday when it was passed by the Upper House during a plenary session.
JAPAN
Nov 28, 1997

COP3: Agreement on emissions is relatively easy

First in a series
JAPAN
Nov 20, 1997

Use of public funds considered for clearing up loan mess

Prime Minister Ryutaro Hashimoto instructed the Liberal Democratic Party on Thursday to consider using public funds to clear up the nation's bad loan mess, a proposal welcomed by a rally on the Tokyo Stock Exchange.
JAPAN
Nov 11, 1997

Tanabe urges highest achievable emissions targets

Staff writer
JAPAN
Oct 29, 1997

Tokyo plans emissions meeting to scrabble up support ahead of Kyoto

Tokyo plans emissions meeting to scrabble up support ahead of Kyoto>The government is planning to hold a two-day international meeting beginning Nov. 8 in Tokyo as part of efforts to form an international consensus on a reduction target for greenhouse gas emissions, Chief Cabinet Secretary Kanezo Muraoka...
JAPAN
Oct 22, 1997

Future of translation virtually set, Microsoft says

By 2000, most translators will be working in partnership with computers, in a virtual team, in a virtual office and for customers they have never met face to face, David Brooks, senior director of Microsoft Corp., said Oct. 22 at the International Communication Forum in Tokyo.The two-day forum, hosted...
JAPAN
Oct 22, 1997

Suzuki mulls compact car for GM

Suzuki Motor Co. is considering giving General Motors Corp. a new compact car to be produced at Suzuki's plant in Hungary, a top Suzuki executive indicated Oct. 22.If the deal comes about, the new Suzuki would likely become a major model in the small car segment for GM, as it currently lacks a strong...
JAPAN
Oct 21, 1997

GM execs call for balance, brawnier yen

Top executives of General Motors Corp. voiced support Oct. 21 for a stronger yen, continued investment in Southeast Asia and a "global solution" to greenhouse warming.John Smith, GM's chairman, president and CEO; Richard Wagoner, president of GM's North American Operations; and other executives were...
JAPAN
Oct 17, 1997

Japan to sign investment pact with Saudi Arabia

Staff writer
JAPAN
Oct 14, 1997

Banker takes aim at reluctance to privatize postal savings

Postal savings should be privatized even though the public generally wants the service kept under state control, the head of the commercial banking industry said Oct. 14.Naotaka Saeki, chairman of the Federation of Bankers Associations of Japan, said discussion of postal savings should include the advantages...
JAPAN
Oct 13, 1997

Automakers unveil newest models ahead of show

Hoping to stimulate Japan's auto market prior to the Tokyo Motor Show slated for next week, Mitsubishi Motors Corp., Nissan Motor Co. and Saab Japan announced their new models Oct. 13.Mitsubishi has announced that its new Chariot model, fully redesigned for the first time in about 6 1/2 years, will...
JAPAN
Oct 9, 1997

Bill to let DIC funds aid bank mergers approved

The Cabinet approved a bill Oct. 9 that would revise the Deposit Insurance Law and allow the use of funds from Deposit Insurance Corp. to aid mergers involving two or more failed financial institutions until the end of fiscal 2000.It would be the second time in as many years for revising the law, highlighting...
JAPAN
Oct 9, 1997

Thai leader calls on Japanese ventures to boost exports

While committing to improve the investment environment in his country, Thai Prime Minister Chavalit Yongchaiyuth urged Japanese business leaders to promote exports from their industrial ventures in the ailing Southeast Asian economy.Chavalit requested such efforts particularly in the automobile, automotive...
JAPAN
Oct 6, 1997

Compromise key to climate policies, German minister says

Staff writerTo achieve both economic growth and environmental protection, one must make compromises and seek "intermediate paths," according to German Economic Minister Gunter Rexrodt."Germany views the simultaneous achievement of economic growth and environmental protection as an important challenge,"...
JAPAN
Sep 30, 1997

SDP strategy to curb corrupt politicians gets LDP nod

A Social Democratic Party proposal to study measures to restrict activities of politicians who have earlier been convicted of corruption received approval Sept. 30 from a decision-making body of the ruling Liberal Democratic Party.
JAPAN
Sep 22, 1997

MITI to air emissions measures

In a step toward finalizing Japan's proposal for the reduction of greenhouse gas emissions, the Ministry of International Trade and Industry said Sept. 22 it will present a package of energy conservation measures by around the end of this month.

Longform

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