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JAPAN
Dec 5, 1997

Education white paper calls for creative R&D

The level of Japan's science and technology research has steadily improved in recent years to equal that of Western industrialized nations, and now creative research and development must be promoted to keep up the progress, the Education Ministry said Friday in its 1997 white paper on education.
JAPAN
Dec 4, 1997

Yamaichi to continue paying employees

Yamaichi Securities Co. will pay wages and retirement money to its employees in accordance with their labor contracts, an executive of the failed brokerage asserted Thursday.
JAPAN
Dec 4, 1997

Son admits killing dad after taking exam

OSAKA -- A 14-year-old boy has been arrested in the fatal stabbing of his father, who was found bleeding from a knife wound to the neck in their home in Takaishi, Osaka Prefecture, police said.
JAPAN
Dec 4, 1997

The Asahara Trial: Cultist recounts Sakamoto slayings

Defense lawyers for Aum Shinrikyo founder Shoko Asahara cross-examined a senior cult figure Thursday who stands accused of taking part in the 1989 murders of an anti-Aum lawyer and his family.
JAPAN
Dec 4, 1997

JR again approached about JNR debt

Vice Transport Minister Masahiko Kurono on Thursday urged the JR group firms to reverse their stand and bear an additional burden in a scheme to repay 27.8 trillion yen in debt left by the former Japanese National Railways.
JAPAN
Dec 4, 1997

The Asahara Trial: Doctor testifies on gassing victim

A doctor who treated a woman seriously injured in the March 1995 nerve gas attack on the Tokyo subway system testified in court Thursday that the patient still suffers a speaking disorder and cannot eat without help.
JAPAN
Dec 3, 1997

Top banker praises public funds plan

The leader of the nation's top banking association welcomed on Tuesday the government's intention to use public funds for future financial crises, describing the plan as a "safety valve" for contingencies that fall beyond the capacity of the existing system tasked with dealing with such problems.
JAPAN
Dec 3, 1997

Some hope dreamland will arise from returned base sites

GINOWAN, Okinawa Pref. -- On some 480 hectares of land in the heart of this subtropical island prefecture, a futuristic urban center, touted as an Asian hub for international exchanges, has been envisioned.
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 3, 1997

Nago battles over U.S. heliport plebiscite

NAGO, Okinawa Pref. -- This sleepy northern Okinawa city is gearing up to hold the first plebiscite in the nation on allowing the introduction of a U.S. military base, and the campaigns for and against the planned U.S. Marine Corps offshore heliport are getting heated.
JAPAN
Dec 3, 1997

Koike pleads guilty to taking massive payoffs

Ryuichi Koike, the "sokaiya" corporate extortionist at the center of a huge financial scandal, pleaded guilty Tuesday to taking about 12.4 billion yen in illicit payoffs from the Big Four brokerages and Dai-Ichi Kangyo Bank.
JAPAN
Dec 3, 1997

Obuchi will go to Canada to sign mine-ban pact

Foreign Minister Keizo Obuchi is to leave today for Ottawa to sign a global treaty banning antipersonnel land mines.
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
Nov 28, 1997

Japan travel industry does some soul-searching

The Japanese travel industry has yet to decide whether it will print information about the dangers of certain destinations on travel brochures, the chairman of the Japan Association of Travel Agents said Friday.
JAPAN
Nov 28, 1997

G-8, labor groups wrestle with global unemployment

Staff Writer
JAPAN
Nov 28, 1997

Izui tells Diet he gave 278 million yen to LDP lawmakers

Junichi Izui, an oil wholesaler now on trial for income tax evasion and fraud, said Friday in sworn testimony before the Lower House Budget Committee that he provided 278 million yen to lawmakers of the ruling Liberal Democratic Party, including LDP policy chief Taku Yamasaki.
JAPAN
Nov 26, 1997

Tokuyo City Bank folds in fourth collapse of month

Tokuyo City Bank, suffering from the weight of 58.8 billion yen in nonperforming loans, effectively collapsed Wednesday.
JAPAN
Nov 25, 1997

Muraoka defends Finance over broker's collapse

Chief Cabinet Secretary Kanezo Muraoka defended the Finance Ministry on Tuesday over the collapse of Yamaichi Securities Co., saying it would have been impossible for ministry officials to discover the brokerage had been conducting irregular, off-the-book trading.
JAPAN
Nov 25, 1997

Shock over Yamaichi closure sends stocks, yen reeling

Tokyo share prices fell broadly Tuesday as investors reacted with shock and concern to Yamaichi Securities Co.'s decision to shut down.
JAPAN
Nov 25, 1997

Diplomats given explanation of Tokyo's recycling plans

Diplomats from the embassies of 28 countries, including the ambassadors of Fiji and Malawi, gathered Tuesday for an annual seminar sponsored by the Tokyo Metropolitan Government and listened to a briefing on the government's recycling policies.
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 25, 1997

Sentences upheld for gangsters' attack on Itami

The Tokyo High Court dismissed appeals Tuesday by two gang members found guilty of inflicting bodily injury on movie director Juzo Itami in 1992.
JAPAN
Nov 25, 1997

Environmentalists march in Tokyo ahead of U.N. conference

Pedestrians paused on the sidewalks and curious storekeepers emerged from boutiques at the sound of marching band music echoing through the streets of Tokyo's Shibuya Ward.
JAPAN
Nov 24, 1997

Fuji Bank knew of hidden debts, executive says

Fuji Bank, the top shareholder and main creditor bank of Yamaichi Securities Co, knew by Oct. 6 that the brokerage had hidden debts of about 260 billion yen, a Fuji executive said Monday.
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 21, 1997

Expanding day-care center building on bilingualism

Staff writer
JAPAN
Nov 21, 1997

Simul International folds

Simul International Inc., a major simultaneous service firm, effectively went bust Friday as it filed for "wagi" composition procedures with creditors, according to private credit research agency Teikoku Data Bank.
JAPAN
Nov 21, 1997

Writeoffs to leave four banks in red

Five of the nation's 10 city banks announced plans Friday to write off their massive bad loans during fiscal 1997, four of them saying they expect to go into the red at the end of the year.
JAPAN
Nov 21, 1997

Top Chinese military official to visit Tokyo for security talks

Staff writer
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.

Longform

Passengers that were on a morning train attacked by members of the Aum Shinrikyo group wait for medical assistance outside Kasumigaseki Station on March 20,1995.
The day a religious cult brought terror to Tokyo