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JAPAN
Dec 11, 1997

Plan for new government bond issue wins tentative approval

A Liberal Democratic Party task force expressed its support Thursday for the principles of a plan to set up a 10 trillion yen fund through bond issues to help protect depositors.
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 21, 1997

Hashimoto drafts plan for government in 2001

Prime Minister Ryutaro Hashimoto won the ruling alliance's support late Friday for a compromise administrative reform proposal to hand over the three controversial services of the Posts and Telecommunications Ministry to a new public corporation in five years.
JAPAN
Nov 19, 1997

Hashimoto seeks LDP approval of postal reform compromise

Prime Minister Ryutaro Hashimoto on Wednesday requested that leaders of the ruling Liberal Democratic Party urge rank-and-file party lawmakers to accept a compromise reform proposal put forward by the government over the status of three controversial services of the Posts and Telecommunications Ministry....
JAPAN
Nov 14, 1997

LDP's new stimulus plan offers no quick cure for economy

The Liberal Democratic Party on Friday unveiled a second set of economic stimulus proposals to dispel current pessimism about an economy that has deflated Tokyo stock prices and the value of the yen.
JAPAN
Nov 12, 1997

Returnee prefers North Korea

OSAKA -- Fusako Aoyama, one of 15 Japanese women visiting from North Korea, told reporters here Wednesday that she is glad to be reunited with relatives and friends in Japan but prefers to live in her adopted home.
JAPAN
Nov 6, 1997

Telephone help line to aid children

In an attempt to reach out to children in need of help and support, eight suprapartisan House of Representatives members formed a federation Thursday to set up a 24-hour telephone help line.
JAPAN
Nov 5, 1997

Marubeni earns ISO approval

Marubeni Corp. said Thursday that it has become the nation's first trading firm to qualify for an ISO certification for international quality management.
JAPAN
Nov 5, 1997

Serving the aged has a silver lining

As Japan's society continues to age at an unprecedented rate, companies from a variety of fields are looking into the area of welfare for new business opportunities.
JAPAN
Nov 5, 1997

Committee passes key fiscal reform bill

A Lower House ad hoc committee passed a top fiscal reform bill Wednesday that would set a target for deficit reduction and place a ceiling on key budget items.
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
Nov 4, 1997

Worsening economy sparks dissent within LDP

A number of lawmakers on the Liberal Democratic Party's Executive Council on Tuesday voiced concern over a bill that would designate specific reduction targets in key budget areas, arguing the bill would make it impossible for the government to stimulate the economy via spending measures.
JAPAN
Oct 31, 1997

Japan, Spain agree on annual summit

Spain and Japan have agreed to hold an annual summit in a bid to strengthen their political dialogue, Spanish Prime Minister Jose Maria Aznar Lopez said Friday.
JAPAN
Oct 30, 1997

Muraoka shoves ministries toward deregulation

Chief Cabinet Secretary Kanezo Muraoka pressed 12 ministries Thursday to work harder to swiftly compile deregulatory measures to boost the economy.
JAPAN
Oct 27, 1997

JR's first motorwoman at freight train controls

JR's first motorwoman at freight train controls> The Japan Railway group's first female locomotive engineer, Maki Ishimura, 23, climbed into the driver's seat early Oct. 27 aboard a train at Tokyo's Shinagawa Freight Terminal and prepared to depart for the Kawasaki Freight Station in Kanagawa Prefecture....
JAPAN
Oct 21, 1997

LDP drafts measures to revive ailing economy

The ruling Liberal Democratic Party announced a set of measures Oct. 21 that it hopes will revive the flagging economy mainly through deregulation.Bound by a pledge to curtail government spending, the LDP's package relies less on traditional fiscal stimulus such as public works spending and personal...
JAPAN
Oct 21, 1997

Pump-priming package leaves analysts disappointed

The package of pump-priming measures decided Oct. 21 by the ruling Liberal Democratic Party does not seem capable of giving the sluggish economy a quick jolt because it lacks sufficient stimulus targeting personal consumption.Disappointment over the measures forced the benchmark Nikkei average of the...
JAPAN
Oct 15, 1997

LDP, SDP request funds for public work projects

The ruling Liberal Democratic Party and the Social Democratic Party urged the government Oct. 15 to put public works projects for upgrading agricultural areas into the supplementary budget.It was basically agreed during a meeting of a group of Prime Minister Ryutaro Hashimoto's Conference on Fiscal...
JAPAN
Oct 15, 1997

New Okinawa minister pushed by Hashimoto panel

Any Okinawa-related matters following the downsizing of the Okinawa Development Agency should be handled by a specially appointed minister, members of a blue-ribbon reform panel said Oct. 15.The Administrative Reform Council, headed by Prime Minister Ryutaro Hashimoto, agreed with his proposal for a...
JAPAN
Oct 3, 1997

Hashimoto announces plans to stimulate economy

Describing the state of the economy as "extremely bad," Prime Minister Ryutaro Hashimoto said Oct. 3 the government will cut corporate tax rates and accelerate the decontrol of land transactions to give it new life.A comprehensive package of such measures will be worked out and announced by the end...
JAPAN
Oct 1, 1997

Business confidence gloomier than expected

The Bank of Japan's quarterly survey of business sentiment indicates confidence in the economy is weaker than expected and hints conditions may get worse.The "tankan," released Oct. 1, says that confidence since the previous survey in June is lower even among major manufacturers, who have led the economy...
JAPAN
Sep 17, 1997

Hashimoto comes out in favor of legislated spending limits

Prime Minister Ryutaro Hashimoto and his Conference on Fiscal Structural Reform on Sept. 17 endorsed a draft bill that would oblige the government to reduce key expenditures to achieve its self-imposed fiscal reform targets by fiscal 2003.
JAPAN
Sep 12, 1997

Mitsuzuka firm on budget austerity measures

Suggestions by some U.S. officials that Japan should slacken the pace at which it implements budget austerity are understandable but go against the nation's interests, Finance Minister Hiroshi Mitsuzuka said.
JAPAN
Sep 10, 1997

Government leaders adopt draft of reform bill

Top government and ruling party leaders basically agreed Sept. 10 on the draft of a bill that puts into law specific measures to achieve the government's self-imposed fiscal reconsolidation targets.
JAPAN
Sep 1, 1997

Nation can't afford more pump-priming

There is no possibility that an economic pump-priming package will be drawn up in the latter half of this fiscal year due to financial constraints, a top Finance Ministry official said Sept. 1.
JAPAN
Aug 29, 1997

Supreme Court backs Ienaga in textbook suit

The Supreme Court on August 29 ordered the central government to pay 400,000 yen in damages to 83-year-old historian Saburo Ienaga in the last of his three lawsuits against the Education Ministry, although it ruled that the system of screening school textbooks is constitutional.
JAPAN
Aug 28, 1997

'98 budget to need deficit-covering bonds again

For the fifth straight year, the government will probably be forced to issue the deficit-covering bonds that have helped drive the nation into fiscal crisis, a senior Finance Ministry official indicated August 28.
JAPAN
Aug 26, 1997

Panel to prioritize bullet train work

A panel examining the construction of bullet train networks agreed August 26 to decide by late November which of seven sections of four bullet train lines in the Hokkaido, Hokuriku, Kyushu and Tohoku regions will have priority.
JAPAN
Aug 26, 1997

Public corporations under reform microscope

The number of executives and employees at 95 government-affiliated corporations should be cut by 10 percent, and another 10 percent cut should be applied to expenditures on public works projects under their umbrella, according to a proposal made August 26 by a panel of the ruling Liberal Democratic Party....
JAPAN
Aug 14, 1997

Tokyo sharpens ax to cut 310 billion yen deficit

The Tokyo Metropolitan Government, saddled with a deficit of roughly 310 billion yen this fiscal year, released a financial reconstruction plan Aug. 14 that singled out 30 items to be reviewed for possible budget reductions. The plan aims to cut the next fiscal year budget by 126.8 billion yen to 1.5...

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