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JAPAN
Oct 22, 1998

Hashimoto begins China visit

Former Prime Minister Ryutaro Hashimoto on Thursday embarked on a two-day visit to China to attend a reception commemorating the 20th anniversary of the 1978 peace and friendship treaty between the two countries on behalf of Prime Minister Keizo Obuchi.Former Prime Minister Tomiichi Murayama and former...
JAPAN
Oct 22, 1998

Prime Minister's Office to oversee bank failures

The government has established a team within the Prime Minister's Office to deal with failed and failing banks until a "financial resuscitation" committee is formally formed, Chief Cabinet Secretary Hiromu Nonaka said Thursday.The announcement came a day before a set of laws aiming to stabilize the...
JAPAN
Oct 21, 1998

Japan inks KEDO cost-sharing deal

Japan has lifted its freeze on financial contributions to an international project to build light-water nuclear reactors in North Korea.Terusuke Terada, Japan's ambassador to the Korean Peninsula Energy Development Organization (KEDO), signed the cost-sharing agreement Wednesday with other KEDO board...
JAPAN
Oct 20, 1998

Pension premium hike in April may be shelved

The government is considering scrapping a scheduled April premium hike in the national pension plan for self-employed people, to keep from further dampening consumer spending, Health and Welfare Minister Sohei Miyashita said Tuesday.At a news conference following a Cabinet meeting, Miyashita revealed...
JAPAN
Oct 20, 1998

Jiang to visit Japan on Nov. 25

Chinese President Jiang Zemin will visit Japan from Nov. 25 to the end of the month, Foreign Minister Masahiko Komura said Tuesday.Jiang's visit was originally scheduled for early September but was postponed in August due to massive flood damage in central and northeastern China. A Cabinet decision...
JAPAN
Oct 16, 1998

Obuchi says state intends to stabilize financial system

The government is determined to shore up the faltering economy within two years and stabilize the financial system by fully utilizing the bank recapitalization law and the financial stabilization laws recently approved by the Diet, Prime Minister Keizo Obuchi said Friday.At a news conference held after...
JAPAN
Oct 16, 1998

Japan to rejoin KEDO partners for reactor project

Japan will lift its freeze on participation in an international consortium providing nuclear reactors to North Korea as early as next week, government sources said Friday.Prime Minister Keizo Obuchi instructed Foreign Minister Masahiko Komura and Chief Cabinet Secretary Hiromu Nonaka to forge a consensus...
JAPAN
Oct 15, 1998

Nonaka scolds Kishi's resistance to bank bill

Banks should expedite their restructuring efforts and get a better understanding of their responsibility in the nation's financial system, Chief Cabinet Secretary Hiromu Nonaka said Thursday.Nonaka's remarks were directed at a comment made earlier in the day by Satoru Kishi, chairman of the Federation...
JAPAN
Oct 15, 1998

Sorrow expressed for Okinawa girl's death

Chief Cabinet Secretary Hiromu Nonaka expressed his sorrow Thursday over the death the previous day of a female hit-and-run victim in Okinawa Prefecture."We would like to pray for the repose of her soul," he said, referring to Yuki Uema, an 18-year-old high school student who died of head injuries sustained...
JAPAN
Oct 14, 1998

DPJ's Ikeda calls new bill 'opaque,' counterproductive

Staff writer The banking sector crisis will continue because of the "opaque" bank recapitalization bill, Motohisa Ikeda, a key member of the Democratic Party of Japan, said Wednesday. The bill, expected to be enacted Friday, will not enable accurate assessment of bank assets, sufficient injection of...
JAPAN
Oct 14, 1998

Push banks to accept public funds, council urges

The government should take the initiative to quickly inject tens of trillions of yen in public money into the nation's major banks to boost their capital bases and ease the credit crunch, a special advisory panel to Prime Minister Keizo Obuchi proposed Wednesday.The Strategic Economic Council, headed...
JAPAN
Oct 13, 1998

Crime soars to postwar record

The number of reported Penal Code violations in 1997 hit another postwar record of 2.518 million, up some 52,600 from the year before, according to an annual government report on crime released Tuesday.The 1998 crime white paper, which includes an overview of last year's general criminal trends and...
JAPAN
Oct 12, 1998

Upper House enacts finance resuscitation laws

The Diet enacted financial reform laws Monday afternoon that mandate creation of a "financial resuscitation committee" to handle failed and failing banks as well as a public institution to buy bad loans from them.The government and Liberal Democratic Party now turn their attention to a bank recapitalization...
JAPAN
Oct 9, 1998

Give banks in need of funds breathing space, Nonaka urges

Chief Cabinet Secretary Hiromu Nonaka voiced concern Friday about imposing excessive restrictions on banks asking for public funds.Sufficient information disclosure and clarification of management responsibility should be preconditions for infusions of public funds, the chief government spokesman told...
JAPAN
Oct 9, 1998

LDP may bend on recapitalization plans

The government and the Liberal Democratic Party appeared ready Friday to accept some ideas proposed by the Democratic Party of Japan on a bank recapitalization bill.DPJ Secretary General Tsutomu Hata met with his LDP counterpart Yoshiro Mori and Chief Cabinet Secretary Hiromu Nonaka in the afternoon...
JAPAN
Oct 7, 1998

Public funds for banks, stimulus get panel's nod

The government should inject a substantial amount of public funds into financial institutions and implement large-scale fiscal stimulus measures to prop up the economy, members of an advisory body to Prime Minister Keizo Obuchi said Wednesday.During the day's discussions of the Strategic Economic Council,...
JAPAN
Oct 7, 1998

LTCB declared open to any buyer

Sumitomo Trust & Banking Co. may not be the sole buyer of the troubled Long-Term Credit Bank of Japan, Chief Cabinet Secretary Hiromu Nonaka said Wednesday."We had initially hoped for smooth realization of the planned merger between the two banks," he said. "But the LTCB is now expected to be put under...
JAPAN
Oct 5, 1998

Lower House panel passes JNR debt bills

Bills to dispose of 27.8 trillion yen in debts left by the former Japanese National Railways were passed Monday by a Lower House special committee after the ruling Liberal Democratic Party and two opposition parties reached a compromise.The bills, which are expected to be passed by a Lower House plenary...
JAPAN
Oct 2, 1998

ODA reduction requires greater efficiency: white paper

Reform of Japan's official development assistance is needed to achieve efficient and effective ways of extending foreign aid, an ODA white paper released Friday says."Japan's ODA in the current fiscal year, which ends March 31, 1999, has been cut by 10.4 percent. ... Therefore, efficiency and effectiveness...
JAPAN
Oct 1, 1998

Clinton slating trip to Japan

The United States has officially informed Japan of President Bill Clinton's plan to visit Japan and hold talks with Prime Minister Keizo Obuchi next month, Chief Cabinet Secretary Hiromu Nonaka confirmed Thursday.The government's chief spokesman said Tokyo and Washington are now adjusting the specific...
JAPAN
Oct 1, 1998

Kim visit may pave Emperor's way to Seoul

Japan hopes that South Korean President Kim Dae Jung's visit next week will pave the way for the Emperor to visit South Korea, Chief Cabinet Secretary Hiromu Nonaka said Thursday.The government's chief spokesman made the remarks in reference to media reports that the president, during his four-day visit...
JAPAN
Sep 29, 1998

Government mulls early stimulus implementation

The government is considering earlier implementation of its planned tax reductions and other economic pump-priming measures, Chief Cabinet Secretary Hiromu Nonaka indicated Tuesday.
JAPAN
Sep 28, 1998

LDP, opposition reach final agreement on bills

The ruling Liberal Democratic Party and the opposition camp reached a final agreement early Monday morning, putting an end to the prolonged dispute over financial stabilization bills.
JAPAN
Sep 28, 1998

Tokyo welcomes Schroeder

Japan is ready to cooperate closely with Gerhard Schroeder, whose Social Democrats won Germany's general election Sunday, to deepen bilateral relations, Prime Minister Keizo Obuchi said Monday.
JAPAN
Sep 25, 1998

Saudi crown prince invited for visit

The Cabinet officially announced Friday that it will invite Crown Prince Abdullah bin Abdul Aziz Al-Saud of Saudi Arabia to Japan from Oct. 21 to 23 to strengthen bilateral relations.
JAPAN
Sep 25, 1998

LTCB can't give up loan claims, Nonaka says

In a desperate bid to break the deadlock over financial stabilization bills, the government announced Friday a major turnabout in its handling of the ailing Long-Term Credit Bank of Japan.
JAPAN
Sep 25, 1998

TICAD-II looks to halve African poverty by 2015

Staff writer
JAPAN
Sep 24, 1998

Tokyo cautious on Pakistan test ban pledge

The government welcomes Pakistan's pledge to sign the global nuclear test ban treaty but still needs to monitor further development before easing sanctions against the nation, Chief Cabinet Secretary Hiromu Nonaka said Thursday.
JAPAN
Sep 22, 1998

Opposition, LDP policy chiefs agree to meet

After several days of wrangling over financial stabilization bills, opposition parties on Tuesday agreed to a policy chiefs-level meeting with the ruling Liberal Democratic Party.
JAPAN
Sep 21, 1998

TSE takes nosedive to new postbubble low

The Nikkei average on the Tokyo Stock Exchange plummeted Monday to a new postbubble low as ambiguities in last Friday's deal on financial stabilization measures between leaders of the Liberal Democratic Party and the opposition camp ignited disappointment among market traders.

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