February 3, 1998 |
Monday's dramatic gains in several Asian markets, on the first day of trading following a five-day break for the Lunar New Year, extend a rally that began Jan. 13 and reflect a growing belief that the region's economic reforms have some credibility. Hong Kong's Hang Seng stock index rocketed 1,326.2 points, or 14.3%, to 10,578.60 on Monday. It was the second-biggest point gain ever. The Indonesian market's main index soared 14% to 554.11, and Thailand's main index zoomed 12%.
July 23, 1993 |
The man in the middle between forces contesting to take over Japan's government declared for the first time Thursday that he would help create an opposition-led coalition government. Morihiro Hosokawa, a former Liberal Democrat who leads the 14-month-old grass-roots Japan New Party, said that he intends to throw his party's votes to an opposition alliance--as long as the alliance does not name Socialist Chairman Sadao Yamahana as its candidate for prime minister.
November 17, 2000 |
Japan's government was thrown into crisis today when rebel Liberal Democratic Party faction leader Koichi Kato announced that he will support a no-confidence vote against his own party's unpopular prime minister, Yoshiro Mori. Political analysts said it was impossible to predict whether Kato would succeed in summoning the votes to oust Mori, who is president of the Liberal Democratic Party as well as prime minister.
April 14, 2000 |
When Japan's prime minister falls ill or dies, who's in charge? Whomever the prime minister himself decides to appoint--if indeed he still has the faculties to name anyone. And if he's not able, well, it's anyone's guess where the buck stops in the world's second-largest economy.
August 4, 1993 |
Japan's next government should clearly apologize for World War II and "inform our children what their forefathers did in the past," Tsutomu Hata, who is expected to become the country's deputy prime minister, said Tuesday. Such action is needed, he said, to end constant foreign demands for apologies and continuing suspicion that Japan is bent on seeking military dominance again in Asia.
July 28, 1993 |
Two centrist opposition leaders who hold the votes to determine who will run Japan's next government informed the country's perennial leaders, the Liberal Democrats, today that they will side with five opposition parties to form an opposition-led coalition. Barring any unpredictable 11th-hour snags, the development appeared to ensure the end of the Liberal Democrats' 38-year rule of Japan.
June 7, 1995 |
To mark the 50th anniversary of the end of World War II, Japan's coalition government patched together a proposed parliamentary resolution Tuesday expressing "deep self-reflection" over this nation's past. The "negotiated apology" omitted the word apology on the insistence of the Liberal Democratic Party, whose antecedents led Japan during the war.
July 14, 1998 |
The contest for the top post in the world's No. 2 economy may come to a choice between bland and spicy. Keizo Obuchi, a leading candidate to become Japan's next prime minister, is an insider known as a consummate conciliator. Seiroku Kajiyama, the other favorite, is a far more colorful reformer whose aggressive, outspoken ways have earned him plenty of enemies.
January 3, 1990 |
In an unusually aggressive display of its power over Japan's auto industry, the Japanese government is pressuring the nation's auto companies to refrain from expanding their manufacturing operations in Japan for fear of further damaging trade relations with the United States.