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BUSINESS
May 28, 2002

Fukuda nixes talk of raising consumption tax

Prime Minister Junichiro Koizumi's administration is not planning to raise the 5 percent consumption tax in the near future, Chief Cabinet Secretary Yasuo Fukuda said Monday, dismissing a government panel's proposal to the contrary.
BUSINESS
May 28, 2002

Koizumi sits while tax reform tug of war rages

As the government intensifies discussions toward compiling a fundamental tax reform blueprint next month, a new priority is emerging -- using tax breaks as a tool to revitalize the economy.
JAPAN
May 25, 2002

LDP weighs law to close Diet loophole

The government and the ruling Liberal Democratic Party decided Friday to consider legislation that would force Diet members who are elected as a party's proportional representation candidate to step down if they leave their party, LDP Secretary General Taku Yamasaki said.
BUSINESS
May 25, 2002

DIC spends 9.05 trillion yen covering bad-loan losses

The government-run Deposit Insurance Corp. spent a combined 9.05 trillion yen in the four years to March 31 to enable dozens of failed banks to fully refund depositors, the Financial Services Agency said in a report Friday.
JAPAN
May 25, 2002

Japan still seeks to settle consulate discrepancies

Japan will seek further talks with China and South Korea over the case of five North Koreans whose attempt to seek asylum at a Japanese consulate in China was frustrated by local police, Prime Minister Junichiro Koizumi said Friday.
JAPAN
May 25, 2002

Diet session to be extended

Chief Cabinet Secretary Yasuo Fukuda on Friday expressed the government's intention to extend the current Diet session to ensure passage of flagship bills, including those related to emergency defense legislation.
BUSINESS
May 22, 2002

Tokyo government inspects Mizuho over ATM fiasco

The Tokyo Metropolitan Government started on-site emergency inspections Tuesday at Mizuho Bank's headquarters in Chiyoda Ward, four key branches and the bank's civil service business center to look into the computer fiasco that occurred with their April 1 launch under Mizuho Holdings Inc.
COMMENTARY / World
May 18, 2002

Koizumi overplays his hand in Shenyang

BEIJING -- There is a sharp contrast between Japan and China on how they have handled the incident of North Korean asylum-seekers in Japan's Shenyang consulate general. While Beijing has taken a low-key approach, Tokyo has blown the whole matter into crisis proportion, creating a nationwide sensation...
BUSINESS
May 18, 2002

Nonaka U-turn on postal bills may turn tide

Hiromu Nonaka, a heavyweight in the ruling Liberal Democratic Party and a vocal opponent of postal deregulation, said Friday that he will not obstruct the passage of the bills through the Lower House in the current Diet session.
COMMENTARY
May 17, 2002

Japan at its inconsistent worst

Japan's overheated reaction to the May 8 North Korean refugee incident at the Japanese consulate-general in Shenyang, northeast China, is worrying.
BUSINESS
May 17, 2002

Corporate failures rack up 1.48 trillion yen in liabilities

Liabilities left in the wake of corporate failures surged to 1.48 trillion yen in April, marking a year-on-year rise of 21.8 percent, credit research institute Teikoku Databank said Thursday.
COMMENTARY / World
May 17, 2002

Rude awakening for East Timor

JAKARTA -- The world's youngest democracy will have to stand on its own feet from Sunday. On this day East Timor will become the first newly independent nation of the 21st century. After more than 400 years of colonial rule by Portugal, 25 years of Indonesian occupation and over two years under U.N....
BUSINESS
May 17, 2002

Japan dismisses credit ratings

Yasuo Fukuda, the top government spokesman, said Thursday that credit-rating agencies such as Moody's Investors Service Inc. have underestimated Japan's economic strength.
JAPAN
May 15, 2002

Prince to go to Cup opener in Seoul

The Cabinet on Tuesday approved a proposal for Prince Takamado, a cousin of Emperor Akihito, and his wife, Princess Hisako, to attend the opening ceremony of the World Cup soccer finals on May 31 in South Korea.
BUSINESS
May 15, 2002

Shiokawa says economy has finally bottomed out

Finance Minister Masajuro Shiokawa on Tuesday said Japan's economy has hit bottom, citing improvements in exports, the price trend and the job situation.
BUSINESS
May 15, 2002

LDP approves two bills to break apart JNOC

The ruling Liberal Democratic Party gave the go-ahead Tuesday to two bills designed to effectively dissolve the debt-ridden Japan National Oil Corp. in March 2004.
COMMENTARY / World
May 13, 2002

Prime minister or nationalist puppet?

CAMBRIDGE, England -- The ink was barely dry on my April 21 Japan Times article "Koizumi trade pitch misses," which stated Prime Minister Junichiro Koizumi was thinking of going to pray at Yasukuni Shrine, when the news came that he had gone. We were told that he had felt the need "to mourn those who...
JAPAN
May 11, 2002

Japan cranks up pressure on China

Japan on Friday ratcheted up the pressure on China to hand over five North Korean asylum seekers who were dragged out of the Japanese consulate in Shenyang two days earlier by trespassing Chinese police.
BUSINESS
May 11, 2002

ODA commitment firm despite fiscal condition: Shiokawa

Despite budgetary constraints, Japan's basic attitude toward providing Asian countries with official development assistance remains unchanged, Finance Minister Masajuro Shiokawa said Friday.
BUSINESS
May 11, 2002

Consolidated taxation bill moved to Diet

The Cabinet approved a bill Friday to revise the tax code for the introduction of a consolidated tax system aimed at reducing companies' tax burdens and boosting competitiveness.
BUSINESS
May 9, 2002

U.S. presses for cross-border share swaps

The United States on Wednesday asked Japan to improve its environment for foreign direct investment by letting companies carry out cross-border stock exchanges for mergers and acquisitions.
Japan Times
JAPAN
May 8, 2002

Info brokers have got your number, among other things

In the spring of 1999, Haruo Tanaka (not his real name) became interested in buying a condominium and visited several showrooms in Tokyo. Each time, he was asked to fill out a questionnaire. He provided his name, age, address and phone number as well as his annual income.
Japan Times
CULTURE / Music
May 8, 2002

His fingers on the pulse

Bill Laswell stands in the lobby outside the Shinjuku Pit Inn, where on April 27 and 28 he played to packed houses with drummer Hideo Yamaki and saxophonist Yasuaki Shimizu. He's just set up his bass rig and is wondering where to sit for our interview.
EDITORIALS
May 3, 2002

Flawed bills need rewriting

Two pieces of legislation that could restrict the media's freedom of activities are being debated in the Diet. One bill lays out ground rules for protecting personal data. The other, designed to protect human rights, would create a human rights commission affiliated with the Justice Ministry.
LIFE / Language / BILINGUAL
May 3, 2002

Just your average, run-of-the-mill salaryman sings the blues

So let me introduce myself. I'm your futsu (run-of-the-mill), heikin (average) salaryman, nothing special. What's wrong with that? I can remember a time when this particular jiko-shokai (self-introduction) at company functions and karaoke parties was perfectly acceptable -- even welcomed.
BUSINESS / ON THE FRONT LINE
May 3, 2002

Factors weigh on dollar but big fall unlikely

The dollar has come under fresh downward pressure against all other major currencies.
BUSINESS / ON THE FRONT LINE
May 2, 2002

Dow down; Tokyo sensitive

New York share prices have taken a repeated battering of late, sending the Dow Jones average below 10,000 for the first time in more than two months.
JAPAN
May 2, 2002

Bid-rigging scandal entangles engineering firm

As the investigation continues into the suspected bid-rigging case involving the top aide to Lower House member Muneo Suzuki, prosecutors now believe that the initiative for the scheme was taken by a Tokyo-based engineering firm.
EDITORIALS
May 1, 2002

Toothless global-warming bill

Domestic global-warming debate is heating up as the Diet discusses a bill to revise the nation's global-warming prevention law and prepares to approve the Kyoto climate accord for ratification. The centerpiece of this law will be a new national scheme -- a Kyoto Objective Achievement Plan -- to cut greenhouse...
COMMENTARY
May 1, 2002

Economic sense clashes with security concerns

HONG KONG -- Taiwan is coming to grips with a paradox: China is both its best friend and its worst enemy. In recent weeks, the island has been debating what its priority should be -- to enhance its economy by taking advantage of what China has to offer, or to safeguard its political security by restricting...

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.