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Japan to pull out of deflation in FY 2006: gov't

TOKYO, Japan - Prime Minister Junichiro Koizumi presides over his Cabinet session at his office on Jan. 20, flaked by Foreign Minister Taro Aso (L) and Finance Minister Sadakazu Tanigaki (R). The Cabinet endorsed the government's economic outlook for fiscal 2006, which projects the nation's economy will pull out of deflation during the year with the nominal growth rate outpacing the real growth rate for the first time since fiscal 1999.

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Kanebo in negative net worth at least in past 5 fiscal years

TOKYO, Japan - Kanebo Ltd. Chairman Akiyoshi Nakajima tells a press conference in Tokyo on April 13 that the company had been in negative net worth on a consolidated basis for five years from fiscal 1999 to fiscal 2003 as its former management falsified reports by such accounting fraud as inflating sales and underreporting expenses.

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(2)Ruling camp unveils tax reform outlines featuring tax hikes

TOKYO, Japan - Tsutomu Sakaguchi (L), chief of the new Komeito party's tax panel, and his Liberal Democratic Party counterpart Yuji Shimazu burst into laughter during a joint meeting of their panels in the Diet on Dec. 15. The ruling coalition later unveiled its tax reform outlines for fiscal 2005 featuring the halving of the 1999 fixed-rate income tax cuts at the national and local levels.

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Ruling camp unveils tax reform outlines featuring tax hikes

TOKYO, Japan - Yuji Shimazu, chairman of the Liberal Democratic Party Tax Research Council, addresses the panel's general meeting at the LDP headquarters in Tokyo on Dec. 15. Later the ruling coalition involving the new Komeito party unveiled its tax reform outlines for fiscal 2005 featuring the halving of the 1999 fixed-rate income tax cuts at the national and local levels, a move that would increase the taxpayer burden by as much as 145,000 yen a year.

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Nukaga resigns over KSD scandal

TOKYO, Japan - Fukushiro Nukaga, 57, state minister in charge of economic and fiscal policy, comes out of the prime minister's official residence Jan. 23 after tendering his resignation to Prime Minister Yoshiro Mori in the wake of allegations regarding his receipt of 15 million yen from mutual aid foundation KSD in 1999 and 2000. Mori accepted Nukaga's resignation and appointed Taro Aso, a former Economic Planning Agency chief, as his replacement.

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Toyota reports better profit, sales

NAGOYA, Japan - Fujio Cho (L), president of Toyota Motor Corp., answers questions at a news conference at the Nagoya Stock Exchange on May 17 after announcing the company's earnings results for fiscal 1999, which ended March 31. Toyota posted gains in both sales and profit on a consolidated basis for the first time in two years.

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Lower house approves 6.79 tril. yen extra budget

TOKYO, Japan - The House of Representatives on Dec. 7 approves a 6.79 trillion yen second supplementary budget for fiscal 1999 designed to help finance the core part of an 18 trillion yen pump-priming package unveiled last month. The budget will be deliberated at the House of Councillors Budget Committee on Dec. 8-9, and is expected to be endorsed by the upper chamber at its plenary session Dec. 9.

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Miyazawa delivers fiscal policy speech

TOKYO, Japan - Japanese Finance Minister Kiichi Miyazawa delivers a fiscal policy speech in the House of Representatives on Nov. 25, as Prime Minister Keizo Obuchi looks on. Miyazawa introduced a 6,789 billion yen second auxiliary budget for fiscal 1999 to finance the core part of an 18 trillion yen economy-revitalizing package unveiled earlier this month.

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Sumitomo Realty to sell Shinjuku Sumitomo Building

TOKYO, Japan - Photo shows the Shinjuku Sumitomo Building which Sumitomo Realty and Development Co. plans to sell as part of its management improvement plan aimed at realizing a debut reduction of 200 billion yen by the end of fiscal 1999. The major real estate developer owns some 60 percent of the building, including its land, and plans to sell its owned portion in a securitized form by the end of this year.

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Boom for digital cameras

OSAKA, Japan, - Digital cameras are selling briskly in Japan, with shipments rising 7 percent to 1.18 million devices in fiscal 1998 end March 31, 1999. The cameras, which translate electrical impulses into pictures that can be seen on computers, are shown at a discount shop for electronics appliances in downtown Osaka on July 17.

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Lower house OK's extra budget for jobs

TOKYO, Japan - The House of Representatives approves a 519.8 billion yen supplementary budget for fiscal 1999 to finance a package of measures to create more than 700,000 new jobs.

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Japan to start TMD research jointly with U.S.

Chief Cabinet Secretary Hiromu Nonaka says on Dec. 25 that Japan will commence joint research with the United States on a theater missile defense (TMD) system from fiscal 1999. The top government spokesman told a news conference at the prime minister's official residence.

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Miyazawa meets press after MOF proposes FY '99 budget

Finance Minister Kiichi Miyazawa holds a press conference on the morning of Dec. 21 after his ministry proposed a record 81.86 trillion yen national budget for fiscal 1999 that calls for an 11 percent rise in public works spending to lift Japan's economy out of recession.

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Japan to construct premier's new official residence

The Japanese government will begin construction of the prime minister's new official residence in fiscal 1999 starting next April 1 for completion in fiscal 2001. The photo shows a miniature of the planned residence (front L) unveiled to the press Aug. 28. The front right foreground shows the present residence.

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Starbucks opens 6,000th store in Chinese mainland

STORY: Starbucks opens 6,000th store in Chinese mainland DATELINE: Sept. 29, 2022 LENGTH: 00:01:11 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of Starbucks stores 2. various of Shanghai STORYLINE: Starbucks Tuesday celebrated its 6,000th store in the Chinese mainland, located in downtown Shanghai. Starbucks China said Shanghai thus became the first city in the world to have 1,000 Starbucks stores. In 2018, Starbucks announced it would have 6,000 stores on the Chinese mainland by the end of its fiscal year in September 2022. The company achieved that as scheduled despite challenges, including the COVID-19 pandemic. Starbucks opened its first store on the Chinese mainland in January 1999 in Beijing. The number of Starbucks stores on the Chinese mainland has grown dramatically over the past decade and is expected to grow to 9,000 by 2025, creating 35,000 new jobs. Starbucks China also revealed a plan to set up its first digital technology innovation center on the Chinese mainland ove

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(2)Ruling camp unveils tax reform outlines featuring tax hikes

TOKYO, Japan - Tsutomu Sakaguchi (L), chief of the new Komeito party's tax panel, and his Liberal Democratic Party counterpart Yuji Shimazu burst into laughter during a joint meeting of their panels in the Diet on Dec. 15. The ruling coalition later unveiled its tax reform outlines for fiscal 2005 featuring the halving of the 1999 fixed-rate income tax cuts at the national and local levels. (Kyodo)

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The Obuchi government to create 770,000 new jobs

Prime Minister Keizo Obuchi (C) and members of his cabinet meet March 5 to adopted a plan to create 770,000 new jobs over a two-year period beginning next fiscal 1999 in a bid to alleviate the worst joblessness Japan has seen in postwar history. The plan would mainly create jobs in the areas of health and welfare, information and telecommunications, housing and tourism. ==Kyodo

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Miyazawa meets press after MOF proposes FY '99 budget

Finance Minister Kiichi Miyazawa holds a press conference on the morning of Dec. 21 after his ministry proposed a record 81.86 trillion yen national budget for fiscal 1999 that calls for an 11 percent rise in public works spending to lift Japan's economy out of recession. ==Kyodo

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Japan to pull out of deflation in FY 2006: gov't

TOKYO, Japan - Prime Minister Junichiro Koizumi presides over his Cabinet session at his office on Jan. 20, flaked by Foreign Minister Taro Aso (L) and Finance Minister Sadakazu Tanigaki (R). The Cabinet endorsed the government's economic outlook for fiscal 2006, which projects the nation's economy will pull out of deflation during the year with the nominal growth rate outpacing the real growth rate for the first time since fiscal 1999. (Kyodo)

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Kanebo in negative net worth at least in past 5 fiscal years

TOKYO, Japan - Kanebo Ltd. Chairman Akiyoshi Nakajima tells a press conference in Tokyo on April 13 that the company had been in negative net worth on a consolidated basis for five years from fiscal 1999 to fiscal 2003 as its former management falsified reports by such accounting fraud as inflating sales and underreporting expenses. (Kyodo)

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Ruling camp unveils tax reform outlines featuring tax hikes

TOKYO, Japan - Yuji Shimazu, chairman of the Liberal Democratic Party Tax Research Council, addresses the panel's general meeting at the LDP headquarters in Tokyo on Dec. 15. Later the ruling coalition involving the new Komeito party unveiled its tax reform outlines for fiscal 2005 featuring the halving of the 1999 fixed-rate income tax cuts at the national and local levels, a move that would increase the taxpayer burden by as much as 145,000 yen a year. (Kyodo)

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Toyota reports better profit, sales

NAGOYA, Japan - Fujio Cho (L), president of Toyota Motor Corp., answers questions at a news conference at the Nagoya Stock Exchange on May 17 after announcing the company's earnings results for fiscal 1999, which ended March 31. Toyota posted gains in both sales and profit on a consolidated basis for the first time in two years.

E

Nukaga resigns over KSD scandal

TOKYO, Japan - Fukushiro Nukaga, 57, state minister in charge of economic and fiscal policy, comes out of the prime minister's official residence Jan. 23 after tendering his resignation to Prime Minister Yoshiro Mori in the wake of allegations regarding his receipt of 15 million yen from mutual aid foundation KSD in 1999 and 2000. Mori accepted Nukaga's resignation and appointed Taro Aso, a former Economic Planning Agency chief, as his replacement.

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Japanese lower house passes budget for FY 2000

TOKYO, Japan - The Japanese House of Representatives on Feb. 29 approved a record-high 84.99 trillion yen national budget for fiscal 2000. The budget is now certain to be enacted by the March 31 end of fiscal 1999. Photo shows lower house members voting on the budget during the house's plenary session.

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Miyazawa briefs press on FY 2000 budget

TOKYO, Japan - Finance Minister Kiichi Miyazawa speaks to reporters at the ministry on Dec. 24 after the cabinet approved a record-high 84.99 trillion yen draft budget for fiscal 2000. The draft general-account budget for the year starting next April 1 is 3.8 percent above the prior initial-budget base record of 81.86 trillion yen set in fiscal 1999.

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Miyazawa delivers fiscal policy speech

TOKYO, Japan - Japanese Finance Minister Kiichi Miyazawa delivers a fiscal policy speech in the House of Representatives on Nov. 25, as Prime Minister Keizo Obuchi looks on. Miyazawa introduced a 6,789 billion yen second auxiliary budget for fiscal 1999 to finance the core part of an 18 trillion yen economy-revitalizing package unveiled earlier this month.

E

Sumitomo Realty to sell Shinjuku Sumitomo Building

TOKYO, Japan - Photo shows the Shinjuku Sumitomo Building which Sumitomo Realty and Development Co. plans to sell as part of its management improvement plan aimed at realizing a debut reduction of 200 billion yen by the end of fiscal 1999. The major real estate developer owns some 60 percent of the building, including its land, and plans to sell its owned portion in a securitized form by the end of this year.

E

Boom for digital cameras

OSAKA, Japan, - Digital cameras are selling briskly in Japan, with shipments rising 7 percent to 1.18 million devices in fiscal 1998 end March 31, 1999. The cameras, which translate electrical impulses into pictures that can be seen on computers, are shown at a discount shop for electronics appliances in downtown Osaka on July 17.

E

Boom for digital cameras

OSAKA, Japan, - Digital cameras are selling briskly in Japan, with shipments rising 7 percent to 1.18 million devices in fiscal 1998 end March 31, 1999. The cameras, which translate electrical impulses into pictures that can be seen on computers, are shown at a discount shop for electronics appliances in downtown Osaka on July 17.

E

Lower house OK's extra budget for jobs

TOKYO, Japan - The House of Representatives approves a 519.8 billion yen supplementary budget for fiscal 1999 to finance a package of measures to create more than 700,000 new jobs.

E

Lower house OK's extra budget for jobs

TOKYO, Japan - The House of Representatives approves a 519.8 billion yen supplementary budget for fiscal 1999 to finance a package of measures to create more than 700,000 new jobs.

E

Japan to start TMD research jointly with U.S.

Chief Cabinet Secretary Hiromu Nonaka says Dec. 25 that Japan will commence joint research with the United States on a theater missile defense (TMD) system from fiscal 1999. The top government spokesman told a news conference at the prime minister's official residence. ==Kyodo

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Japan to construct premier's new

The Japanese government will begin construction of the prime minister's new official residence in fiscal 1999 starting next April 1 for completion in fiscal 2001. The photo shows a miniature of the planned residence (front L) unveiled to the press Aug. 28. The front right foreground shows the present residence.