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JAPAN
Oct 30, 1998

ASEAN business leaders urge Japan to lead Asian recovery

OSAKA -- Southeast Asian business leaders called on Japan to take charge of healing the ailing Asian economy as they closed the 24th ASEAN-Japan Business Meeting here Friday.Tan Sri Dato' Azman Hashim, chairman of Arab-Malaysian Banking Group, said that ASEAN nations hope Japan will take the lead in...
JAPAN
Oct 28, 1998

Amway says it will change distribution system

Amway Japan Ltd., a direct marketer of household goods and food, will introduce a new distribution system next month to increase the transparency of its business, Amway officials said Wednesday.The head of the Japan Consumer Information Center told a Diet committee last year that the center had received...
JAPAN
Oct 27, 1998

Seafood exec held over tainted salmon roe sales

SAPPORO -- The former president of a fish processing firm in Hokkaido was arrested Tuesday on suspicion of having knowingly sold salmon roe tainted with E. coli bacteria, which sickened dozens of people nationwide, police officials said.The arrest reportedly marks the first time a food company manager...
JAPAN
Oct 21, 1998

R.I. Japan volunteers card sales for refugees

R.I. Japan, a Tokyo volunteer organization assisting refugees in countries that include Rwanda and Myanmar, is again selling Christmas cards to raise funds, an activity it has been engaged in since 1980.The organization is selling seven types of Christmas cards, including those bearing copies of paintings...
JAPAN
Oct 21, 1998

DDI begins international telecom service

DDI Corp., the country's second-largest telecommunications carrier, will launch an international telephone service today, and its low-rate approach is expected to intensify price competition among carriers.DDI, which offers international service to 235 destinations, sets its international rates for...
JAPAN
Oct 20, 1998

Standards urged for 'barrier-free' goods

Staff writerImagine an Othello game designed so that its black and white pieces can be distinguished by touch, enabling visually impaired people to play.This is one proposed "barrier-free" product, an item that facilitates the lives of people with disabilities.Beer cans with tiny protrusions on their...
JAPAN
Oct 19, 1998

E-money system could mean hassle-free concert tickets

To spare concertgoers the nuisance of buying tickets by phone and picking them up at the box office, major promoters have teamed up with an information technology firm to begin limited sales of tickets by use of electric money, officials said Monday.Late last month, the All-Japan Concert Tour Promoters'...
JAPAN
Oct 19, 1998

Tax cut details to be aired in December

The government will spell out by mid-December details regarding corporate and individual income tax cuts designed to stimulate sagging consumer spending, International Trade and Industry Minister Kaoru Yosano told major retailers Monday, according to a ministry official.During an hourlong meeting with...
JAPAN
Oct 15, 1998

JNR repayment plan wins Diet approval

Laws for disposing of 27.8 trillion yen in debts left behind by the now-defunct Japanese National Railways were enacted Thursday when the Upper House approved the measures by a margin of 129-113.Under the laws, the huge debts will be disposed of over 60 years, mostly by using taxpayer money and by requiring...
JAPAN
Oct 15, 1998

Industrial output lowest since May '94

Industrial output dropped by 1.3 percent from July to August, falling to the lowest level since May 1994, according to a revised report issued Thursday by the Ministry of International Trade and Industry.In a preliminary report released earlier, MITI said industrial output in August declined 0.6 percent.Due...
JAPAN
Oct 14, 1998

Corporate failures in first half surge to postwar high

The number of corporate bankruptcies with debts of more than 10 million yen each totaled 10,034 during the first half of fiscal 1998 -- the April to September period -- major corporate research firm Teikoku Databank said Wednesday.It was the first time in 14 years the figure has exceeded 10,000 during...
JAPAN
Oct 13, 1998

SmithKline wins 3 billion yen lawsuit

SmithKline Beecham Seiyaku K.K. was awarded some 3 billion yen in damages in a patent infringement lawsuit, the largest compensation ordered in such a case in Japan, the drug maker said.The Tokyo District Court ruled Monday that Fujimoto Seiyaku Co., a drug maker based in Osaka Prefecture, sold an ulcer...
JAPAN
Oct 8, 1998

Yen bulks up to 114; Nikkei takes dive

The dollar continued plummeting against the yen Thursday morning in London, briefly dropping to the 114 level for the first time since July 1997 on stop-loss sales by U.S. hedge funds.While the yen's sudden muscle is a mixed blessing for Japan -- it hurts exporters but helps banks struggling to maintain...
JAPAN
Oct 7, 1998

NEC, Toyo raided over illegal equipment deals

Investigators from the Tokyo District Public Prosecutor's Office raided the head offices of NEC Corp. and Toyo Communications Corp., both in Tokyo's Minato Ward, on Wednesday to collect evidence to substantiate charges against four officials at Defense Agency contractors who were arrested Tuesday.The...
JAPAN
Oct 6, 1998

Daihatsu unveils new minicar lineup

Daihatsu Motor Co. announced the launch of its fully redesigned Mira, Move, and Terios Kid minicar models Tuesday in line with new Japanese regulations for minicars implemented at the beginning of the month.Daihatsu, a major minicar manufacturer based in Osaka, hopes to raise its current 25 percent...
JAPAN
Oct 5, 1998

Investment firm puts trust in disclosure

18th in an occasional series on financial deregulationStaff writerAlliance Capital Investment Trust Management Inc. of Tokyo is attempting to calm anxious customers by fully explaining how their funds have been hurt amid global financial instability, company President Takahiro Fujino said.The severe...
JAPAN
Oct 1, 1998

Nissan to take 76 billion yen loss on shareholdings

Nissan Motor Co. announced Thursday that it will report 75.961 billion yen in unrealized losses on its stockholdings in its earnings results for the first half of fiscal 1998.Nissan, which has been hurt recently by poor business performance, has been aggressively trying to sell assets, including its...
JAPAN
Sep 29, 1998

Foreign firms cool to hot Japanese real estate

Staff writer
JAPAN
Sep 28, 1998

Court awards eye patients 100 million yen

OSAKA -- The Osaka District Court on Monday ordered a company that owns a failed Osaka ophthalmic hospital to pay about 100 million yen to 16 patients who suffered eye damage from the hospital's laser surgery.
JAPAN
Sep 22, 1998

Sumitomo Life buys into Taiheiyo

In an aggressive move to expand its financial services, Sumitomo Life Insurance Co. has purchased about 10 percent of outstanding shares in ailing Taiheiyo Securities Co. and its subsidiary Taiheiyo Investment Trust Management Co., the two companies announced Tuesday.
JAPAN
Sep 22, 1998

Defense Agency scandal yields four indictments

A Defense Agency official and three-defense equipment suppliers were indicted Tuesday on charges of inflicting 2.1 billion yen in damages on the state government through illegal procurement deals of defense equipment.
JAPAN
Sep 21, 1998

Honda unveils compact utility vehicle

In a bid to capture younger customers, Honda Motor Co. on Monday introduced the HR-V, a new compact multipurpose utility vehicle, which hits the market today.
JAPAN
Sep 18, 1998

North Korea launch was aimed at U.S. negotiators, expert claims

Staff writer
JAPAN
Sep 17, 1998

DDI asks ministry to OK international rates

DDI Corp. applied to the Ministry of Posts and Telecommunications for approval of its international telephone rates Thursday, aiming to start international service on Oct. 22.
JAPAN
Sep 11, 1998

Mitsubishi heavyweights form financial services alliance

In a strategic move to secure an edge over competitors amid ongoing "Big Bang" financial deregulations, four financial firms in the Mitsubishi group announced Friday they are forming a business alliance that will provide a wide range of new financial services.
JAPAN
Sep 7, 1998

NEC starts up communications unit in Singapore

NEC Corp. announced Monday it has set up a subsidiary in Singapore to design and develop hardware and software of base stations for wide-band Code Division Multiple Access (W-CDMA), a next-generation wide-band mobile communication system.
JAPAN
Sep 7, 1998

MITI awaits U.S. steel action

The Ministry of International Trade and Industry is closely watching the U.S. steel industry to see whether it will file a suit against Japanese steelmakers for dumping hot rolled steel -- a core commodity, a top ministry official said Monday.
JAPAN
Sep 3, 1998

Toa Steel to announce largest postwar liquidation

Struggling steelmaker Toa Steel Co. has decided to liquidate itself in what will become the largest manufacturing failure to date in Japan's postwar era, a corporate credit research agency said Thursday.
JAPAN
Sep 1, 1998

Nissan develops new emission-cutting powertrain

CHIBA -- Combining its cutting-edge engine and transmission technologies, Nissan Motor Co. has developed a new powertrain that it said can improve its vehicles' fuel economy by 50 percent and reduce carbon dioxide emissions by 35 percent.
JAPAN
Sep 1, 1998

Three held in alleged toll card scam

Tokyo prosecutors Tuesday arrested three men, including a former executive of Japan Hica Co., affiliated with Japan Highway Public Corp., on suspicion of aggravated breach of trust in connection with about 5 billion yen in losses the company suffered, officials said.

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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?