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JAPAN
Dec 31, 1997

Keep reform momentum going, Toyoda urges

BY SAYURI DAIMON
JAPAN
Dec 29, 1997

Five parties emerging from Shinshinto's ashes

The free-for-all following the breakup of Shinshinto appeared to be giving way Monday to five new parties.
JAPAN
Dec 25, 1997

77.67 trillion yen budget approved for fiscal '98

The Cabinet on Thursday approved the final version of an austere 77.67 trillion yen general account budget for fiscal 1998, up only 0.4 percent from the initial budget for the current fiscal year.
JAPAN
Dec 25, 1997

Slim second budget approved for '98

The Cabinet on Thursday approved the final version of the government's general investment and loan program for fiscal 1998, which accounts for a total 36.66 trillion yen, down 6.8 percent from the current year.
JAPAN
Dec 24, 1997

Another public funds scheme hatched

Mitsuo Horiuchi, minister for international trade and industry, on Wednesday urged financial authorities to consider using public funds for an investment cooperative that would purchase corporate shares held by banks.
JAPAN
Dec 22, 1997

Economic worries send TSE below 15,000 level

The Tokyo stock market ended sharply lower Monday, with the downtrend in share prices continuing unabated amid growing worries about the ailing economy.
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

Shares and yen tumble as credit crunch worsens

Share prices and the yen came under severe selling pressure Friday in Tokyo amid reports that a credit crunch has forced a major food trader out of business.
JAPAN
Dec 18, 1997

Cut in spending puts defense budget on downtrend

Defense spending in fiscal 1998 will be reduced by 0.3 percent, or roughly 12.4 billion yen, from the 4.9 trillion yen allocated in this fiscal year's initial budget, the Finance Ministry and Defense Agency agreed Thursday.
JAPAN
Dec 17, 1997

Opposition parties unmoved by tax reductions

Shinshinto said Wednesday that Prime Minister Ryutaro Hashimoto's sudden announcement of a 2 trillion yen tax cut demonstrates the failures of his administration's economic policies.
JAPAN
Dec 17, 1997

Hashimoto unveils surprise two trillion yen tax cut

A special 2 trillion yen tax cut will be included in this fiscal year's supplementary budget, Prime Minister Ryutaro Hashimoto announced Wednesday, signaling an abrupt about-face in his fiscal restructuring efforts.
JAPAN
Dec 16, 1997

LDP requests earlier date for next Diet session

The Liberal Democratic Party on Tuesday asked the government to convene the next regular Diet session earlier than scheduled so that deliberations on newly planned legislation aimed at stabilizing the nation's financial system can begin as soon as possible.
JAPAN
Dec 16, 1997

Election for SDP helm still void of candidates

The Social Democratic Party, one of the ruling Liberal Democratic Party's two smaller non-Cabinet allies, decided Tuesday to postpone its Dec. 27 party leadership election because nobody stepped forward to toss a hat in the ring.
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
Dec 10, 1997

Outline of financial stability plan addresses DIC, liquidity

A Liberal Democratic Party subcommittee debating steps to stabilize the financial system basically agreed Wednesday on a broad outline that includes galvanizing Deposit Insurance Corp. and increasing the liquidity of financial institutions.
JAPAN
Dec 9, 1997

Bill to revise Deposit Insurance law passes Lower House

After half a day of confusion, a bill to broaden the circumstances under which funds from the Deposit Insurance Corp. can aid financially troubled institutions was approved Tuesday evening by the full Lower House.
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 5, 1997

Hashimoto plan backs review of public works projects

Prime Minister Ryutaro Hashimoto introduced plans Friday for a new system of review for public works projects designed to reduce government spending and suspend or terminate projects that no longer meet public needs, government officials said.
JAPAN
Dec 5, 1997

Defense Agency seeks more worthy English title

Even though the Defense Agency failed to win ministerial status under Prime Minister Ryutaro Hashimoto's new administrative reform plan, agency chief Fumio Kyuma says his agency at least deserves a more worthy English title to allow him to save face when meeting foreign counterparts.
JAPAN
Dec 3, 1997

JR firms refuse to shoulder larger part of debts

The presidents of seven Japan Railway group companies turned down a Transport Ministry request Tuesday to bear a larger share of the pension costs for former Japanese National Railways employees.
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 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 17, 1997

Think tank backs Okinawa 2005 free trade zone plan

The government should accept a proposal made earlier this month by the Okinawa Prefectural Government to turn the prefecture into a free trade zone by around 2005, a public think tank recommended Monday.
JAPAN
Nov 6, 1997

Business execs urged to cut links to 'sokaiya'

Chief Cabinet Secretary Kanezo Muraoka called on representatives of business organizations Thursday to make firm resolutions to cut all ties with "sokaiya" corporate extortionists.
JAPAN
Nov 6, 1997

Bill to reduce the deficit clears the Lower House

A plenary session of the Lower House passed a government-proposed fiscal reform bill Thursday that will use wide-ranging measures to set reduction targets for key budget areas to slash the deficit.
JAPAN
Nov 4, 1997

Big Four to contribute 20 billion yen to Sanyo safety fund

The nation's four largest brokerage houses are expected to contribute 20 billion yen to a securities safety fund so clients of bankrupt Sanyo Securities Co. can withdraw assets from the failed firm, sources said Tuesday.
JAPAN
Nov 4, 1997

Rengo requests 2 trillion yen tax cut

The Japanese Trade Union Confederation (Rengo) submitted a request Tuesday for a 2 trillion yen income tax reduction and other measures to three opposition parties and two small non-Cabinet allies of the ruling Liberal Democratic Party.
JAPAN
Oct 31, 1997

Tokyo pressuring states before COP3

Japan will take every diplomatic opportunity to narrow differences over greenhouse gas emissions targets to ensure the upcoming COP3 international global warming conference in Kyoto does not fail, Chief Cabinet Secretary Kanezo Muraoka 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 30, 1997

Names released of wives visiting from North Korea

The government on Thursday released the names of 15 Japanese women living in North Korea who next month will be allowed to visit their homeland for the first time in roughly four decades.
Japan tariff negotiator rules out quick U.S. deal despite push by Trump
Ryosei Akazawa, Japan's top tariff negotiator with the U.S., speaks to reporters upon his arrival at Tokyo's Haneda Airport on Friday, a day after talks in Washington.
Magnitude 5.0 earthquake jolts Nagano
A map showing the location of an earthquake that hit Nagano Prefecture on Friday evening, with the numbers indicating the seismic intensity on the shindo scale to 7.
Japan mulls reviewing car safety rules to strike deal with Trump
Ryosei Akazawa, Japan's Economic Revitalization Minister and top tariff negotiator with the U.S., speaks to the press upon his arrival at Haneda Airport in Tokyo on Friday.
Shohei Ohtani announces birth of daughter
Shohei Ohtani and his wife Mamiko Tanaka attend a Lakers game in Los Angeles on Dec. 8, 2024.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Nothing sells like Shohei Ohtani, MLB’s marketing megastar
People walk past an advertisement featuring Los Angeles Dodgers two-way star Shohei Ohtani outside Tokyo Dome on March 18.
Tokyo stock picker advises Trump-proofing portfolios with Godzilla creator Toho
The head of Godzilla, a Japanese monster movie character, is seen on a building of Toho Cinema in Tokyo. Toho is one tariff-defensive stock being recommended by brokers.
LDP and CDP lawmaker groups propose 0% consumption tax on food
A vegetable stand displays prices at a supermarket in Tokyo in 2023. Some lawmakers are proposing lowering the consumption tax on food to 0%, which is expected to result in a loss of up to ¥5 trillion in tax revenue annually.
Tokyo hotel operators face possible warnings over suspected price cartel
Foreign tourists gather on a platform at Kyoto Station on Wednesday.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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.
By Tomoko Otake

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