In the line of fire: bureaucratic scandals may set the stage for reform
Article Abstract:
There were a spate of corruption scandals in Japan in 1996, many suspected to involve those in high place of government. Former vice-minister of health and welfare, Nobuharu Okamitsu, was arrested for taking bribes from a developer. The majority of Japanese corruption scandals have historically been in the areas of construction and transport, but it is spreading to other industries. It is also spreading to the country's key economic ministries, with the dismissal of Yoshio Nakajima, head of the Finance Ministry's Institute of Fiscal and Monetary Policy over private business links with a credit-union scandal.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Sitting down on the job: opposition protest turns off public
Article Abstract:
Ichiro Ozawa's sit-down protest against the Japanese government's bailout plan for bankrupt mortgage companies may have backfired, as public support for his party remains mired at 14%. Ozawa is widely regarded as a powerful political fixer with little interest in compromise or debate, and his assumption of the New Frontier Party's top post in December 1995 was expected to set the stage for dramatic political battles. Instead, though support for Prime Minster Ryutaro's government fell from 54% to 37% in two months, Ozawa cannot capitalize.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Super Mario's brothers: Nintendo is banking on a new product to save the day
Article Abstract:
Video-game maker Nintendo hopes a new game platform, the Nintendo 64, can turn around its sagging sales and help it recapture its share of a shrinking market. In keeping with the Japanese company's daring style the machine tries to leap beyond anything rivals Sega and Sony can offer, especially through sharper graphics delivered by a 64-bit microprocessor, compared to their 32-bit machines. Nintendo seeks sales of 5 million machines, which will allow it to rake in profits on the sale of game titles.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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