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JAPAN
Aug 21, 1998

LTCB announces plan to restructure

The troubled Long-Term Credit Bank of Japan on Friday announced a restructuring plan in which three top executives will resign and its 13 overseas outlets will close.
JAPAN
Aug 20, 1998

Obuchi denies news reports of LTCB fund infusion plan

Prime Minister Keizo Obuchi denied media reports Thursday that the government has decided to inject public funds into the ailing Long-Term Credit Bank of Japan to expedite LTCB's proposed merger with Sumitomo Trust & Banking Co.
JAPAN
Aug 18, 1998

Six execs, four scholars named to economic council

The chairman of Asahi Breweries Ltd. and nine others were officially appointed Tuesday to the new Strategic Economic Council, a special advisory panel to Prime Minister Keizo Obuchi.
JAPAN
Aug 11, 1998

New law fails to preserve Ainu people's rights: U.N.

Staff writer
JAPAN
Aug 10, 1998

Asian Women's Fund remains official sex slave redress policy

The government maintained its stance Monday of promoting the Asian Women's Fund to extend money to women who were forced to provide sex to Japanese soldiers before and during the war.
JAPAN
Jul 30, 1998

Osaka draws up 10-year restructuring plan

OSAKA -- To forestall intervention by the central government, the cash-strapped Osaka Prefectural Government announced a 10-year restructuring plan Thursday that includes a reduction in prefectural officials and teachers as well as a suspension of regular annual wage increases for two years.
JAPAN
Jul 29, 1998

Miyazawa accepts Finance post

Former Prime Minister Kiichi Miyazawa accepted an earnest request Wednesday evening from Liberal Democratic Party President Keizo Obuchi to assume the post of finance minister.
JAPAN
Jul 27, 1998

Diet session to last 70 days -- if opposition parties agree

The ruling Liberal Democratic Party on Monday proposed that an extraordinary Diet session last for 70 days, from Thursday until Oct. 7, to discuss the urgent task of stabilizing the fragile financial sector and other issues.
JAPAN
Jul 21, 1998

Stimulus impact to be 'limited,' BOJ says

The government's comprehensive economic stimulus package featuring additional public works projects and special tax reductions will probably have only a limited impact on contracted private demand, the Bank of Japan said in a report Tuesday.
JAPAN
Jul 17, 1998

Finance Ministry needs major overhaul, panel says

The Finance Ministry should be overhauled to make its policymaking more transparent and efficient and to boost staff morale, an ad hoc ministry panel said Friday.
JAPAN
Jul 17, 1998

Teachers wanted for Odawara workshop

The Language Institute of Japan is seeking 100 English teachers to participate in its annual international summer workshop in Odawara, Kanagawa Prefecture, from August 9 to 14.
JAPAN
Jul 10, 1998

Merrill Lynch opens first Kansai branch

OSAKA -- Merrill Lynch Japan Securities Co. opened a branch in the Umeda District in Kita Ward here Friday, its first branch in the Kansai region, and will target local individual and corporate customers.
JAPAN
Jul 6, 1998

Satellites to perform world's first 'cosmic dance' today

Staff writer
JAPAN
Jul 3, 1998

Toray buys out 'ultrasuede' business

Toray Industries, Inc. has acquired the human-made suede business of Spring Industries, Inc., a leading U.S. manufacturer of home furnishings and fabrics, Toray's president announced Friday.
JAPAN
Jul 2, 1998

JAL chief aims to run like the Bulls

Staff writer
JAPAN
Jun 30, 1998

Enterprise Spirit: Secondhand-book vendor prices to sell

19th in a series of occasional articles on venture businesses
JAPAN
Jun 30, 1998

Hashimoto OKs outline for U.S.-style 'bridge banks'

Prime Minister Ryutaro Hashimoto on Tuesday approved an outline for a U.S.-style "bridge bank" designed to prevent bank failures from disrupting the entire economy.
JAPAN
Jun 29, 1998

Erasmus statue comes home after 400 years

A wooden statue of Dutch humanist scholar Desiderius Erasmus (1466-1536) is back in his native Netherlands for a special exhibition after nearly 400 years in Japan.
JAPAN
Jun 29, 1998

Narita airport to hand out more weekly flight slots

The Transport Ministry will allot 202 extra landing and takeoff slots a week for regular flights this winter at Narita airport, starting Oct. 25, ministry officials announced Monday.
JAPAN
Jun 26, 1998

Ailing LTCB moves toward merger with Sumitomo Trust

The Long-Term Credit Bank of Japan, suffering a battering in the market over its financial problems, seeks to merge with Sumitomo Trust & Banking Co. in what is largely seen as its de facto absorption, industry sources said Friday.
JAPAN
Jun 24, 1998

Ex-health vice minister sentenced to two years for bribery

A former top bureaucrat at the Health and Welfare Ministry was sentenced to two years in prison Wednesday and fined 63.69 million yen for bribery in connection with the construction of special subsidized nursing homes.
JAPAN
Jun 19, 1998

Foreign teachers union announces strike over mistreatment

A union of foreign teachers at a public university in Kumamoto announced Friday it will launch a one-day strike against the school Wednesday over its allegedly unfair treatment of foreign staff -- a strike they claim is the first among public school teachers in Japan.
JAPAN
Jun 18, 1998

Tokyo to host emergency meeting to deal with Asian crisis

The government will host an emergency meeting Saturday in Tokyo with representatives from 18 economies to discuss the Asian economic crisis, a senior Finance Ministry official said Thursday.
JAPAN
Jun 17, 1998

MITI body launches one-year coal study policy

The Coal Mining Council, an advisory body to the minister for international trade and industry, convened Wednesday to start a one-year study of the government's coal policy.
JAPAN
Jun 16, 1998

Partyspeak: Hata asks voters to rout out the LDP

First in a series Staff writer
JAPAN
Jun 16, 1998

Stimulus plan at risk if downturn continues, BOJ report says

The boost expected from the government's 16 trillion yen economic stimulus package may be weakened if the downturn in employment and income continues to hurt overall economic activity, the Bank of Japan warned Tuesday.
JAPAN
Jun 16, 1998

Bad-loan task force mulls alternative lending laws

The ruling Liberal Democratic Party's task force on bad loans held by banks convened its first hearing Tuesday to discuss a new kind of lending that would make corporate fundraising easier.
JAPAN
Jun 15, 1998

Lower House approves supplementary budget for fiscal '98

The Lower House approved a general account supplementary budget worth 4.65 trillion yen for the current fiscal year Monday afternoon, compiled to support the government's economic stimulus efforts.
JAPAN
Jun 12, 1998

Man can still claim smallpox vaccine damages: supreme court

The Supreme Court on Friday overturned a high court ruling that rejected a damages claim by a 46-year-old man who suffered brain damage as a result of an inoculation required by the state, and remanded the case to the Tokyo High Court.
JAPAN
Jun 12, 1998

Ticketless Cup fans still have high hopes

As hundreds of tourists left for France with hopes of attending Japan's World Cup opener, travel agencies on Friday continued to face difficulty securing tickets.

Longform

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