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Recruit Scandal
The was an insider trading and corruption scandal that forced many prominent Japanese politicians to resign in 1988. Recruit is a human resources and classifieds company based in Tokyo. Its chairman, , offered a number of shares in a Recruit subsidiary, Cosmos, to business leaders and senior politicians shortly before Cosmos went public in 1986. Following the public offering, Cosmos's share price skyrocketed, and the individuals involved in the scheme saw average profits of ¥66 million each. Although only seventeen members of the Diet were involved in the insider trading, another thirty were later found to have received special favors from Recruit. Among the politicians involved in the scandal were Prime Minister Noboru Takeshita, former Prime Minister Yasuhiro Nakasone, and Chief Cabinet Secretary Takao Fujinami. In addition to members of the LDP government, leaders of the Komeito, Democratic Party of Japan, and Japan Socialist Party were also found to be involved. A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insider Trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make. The rules governing insider trading are complex and vary significantly from country to country. The extent of enforcement also varies from one country to another. The definition of insider in one jurisdiction can be broad, and may cover not only insiders themselves but also any persons related to them, such as brokers, associates, and even family members. A person who becomes aware of non-public information and trades on that basis may be guilty of a crime. Trading by specific insiders, such as employees, is commonl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yomiuri Shimbun
The (lit. ''Reading-selling Newspaper'' or ''Selling by Reading Newspaper'') is a Japanese newspaper published in Tokyo, Osaka, Fukuoka, and other major Japanese cities. It is one of the five major newspapers in Japan; the other four are the ''Asahi Shimbun'', the ''Chunichi Shimbun (Tokyo Shimbun)'' the ''Mainichi Shimbun'', and the '' Nihon Keizai Shimbun''. It is headquartered in Otemachi, Chiyoda, Tokyo.' It is a newspaper that represents Tokyo and generally has a conservative orientation. It is one of Japan's leading newspapers, along with the Osaka-based liberal (Third way) Asahi Shimbun and the Nagoya-based Social democratic Chunichi Shimbun. It is published by regional bureaus, all of them subsidiaries of The Yomiuri Shimbun Holdings, Japan's largest media conglomerate by revenue and the second largest media conglomerate by size behind Sony,The Yomiuri Shimbun Holdings is the largest media conglomerate by revenue in Japan, while Sony is Japan's largest media con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politics Of Japan
Politics of Japan are conducted in a framework of a dominant-party bicameral parliamentary constitutional monarchy, in which the Emperor is the head of state and the Prime Minister is the head of government and the head of the Cabinet, which directs the executive branch. Legislative power is vested in the National Diet, which consists of the House of Representatives and the House of Councillors. The House of Representatives has eighteen standing committees ranging in size from 20 to 50 members and The House of Councillors has sixteen ranging from 10 to 45 members. Judicial power is vested in the Supreme Court and lower courts, and sovereignty is vested in by the 1947 Constitution, which was written during the Occupation of Japan primarily by American officials and had replaced the previous Meiji Constitution. Japan is considered a constitutional monarchy with a system of civil law. Politics in Japan in the post-war period has largely been dominated by the ruling Liberal De ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Scandals In Japan
Politics (from , ) is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status. The branch of social science that studies politics and government is referred to as political science. It may be used positively in the context of a "political solution" which is compromising and nonviolent, or descriptively as "the art or science of government", but also often carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or limitedly, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other political subjects, making laws, and exercising internal and external force, including war ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heisei Period
The is the period of Japanese history corresponding to the reign of Emperor Emeritus Akihito from 8 January 1989 until his abdication on 30 April 2019. The Heisei era started on 8 January 1989, the day after the death of the Emperor Hirohito, when his son, Akihito, acceded to the throne as the 125th Emperor. In accordance with Japanese customs, Hirohito was posthumously renamed "Emperor Shōwa" on 31 January 1989. Thus, 1989 corresponds to Shōwa 64 until 7 January, and from 8 January. The Heisei era ended on 30 April 2019 (Heisei 31), with the abdication of Akihito from the Chrysanthemum Throne. It was succeeded by the Reiwa era as then-crown prince Naruhito ascended the throne on 1 May midnight local time. History and meaning On 7 January 1989, at 07:55 AM JST, the Grand Steward of Japan's Imperial Household Agency, Shōichi Fujimori, announced Emperor Hirohito's death at 6:33 AM JST, and revealed details about his cancer for the first time. Shortly after the dea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Japan
The economic history of Japan is most studied for the spectacular social and economic growth in the 1800s after the Meiji Restoration. It became the first non-Western great power, and expanded steadily until its defeat in the Second World War. When Japan recovered from devastation to become the world's second largest economy behind the United States, and from 2010 behind China as well. Scholars have evaluated the nation's unique economic position during the Cold War, with exports going to both U.S.- and Soviet-aligned powers, and have taken keen interest in the situation of the post-Cold War period of the Japanese "lost decades". Prehistoric and ancient Japan Yayoi period The Yayoi period is generally accepted to date from 300 BCE to 300 CE. However, radio-carbon evidence suggests a date up to 500 years earlier, between 1,000 and 800 BCE.Silberman et al., 154–155.Schirokauer et al., 133–143. During this period Japan transitioned to a settled agricultural society. As the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1988 In Japan
Events in the year 1988 in Japan. It corresponds to Shōwa 63 (昭和63年) in the Japanese calendar. Incumbents * Emperor: Shōwa * Prime Minister: Noboru Takeshita ( L–Shimane) * Chief Cabinet Secretary: Keizo Obuchi (L–Gunma) * Chief Justice of the Supreme Court: Kōichi Yaguchi * President of the House of Representatives: Kenzaburō Hara (L–Hyōgo) * President of the House of Councillors: Masaaki Fujita (L–Hiroshima) until September 30, Yoshihiko Tsuchiya (L–Saitama) * Diet sessions: 112th (regular session opened in December 1987, until May 25), 113th (extraordinary, July 19 to December 28), 114th (regular, December 30 to 1989, June 22) Governors *Aichi Prefecture: Reiji Suzuki *Akita Prefecture: Kikuji Sasaki *Aomori Prefecture: Masaya Kitamura *Chiba Prefecture: Takeshi Numata *Ehime Prefecture: Sadayuki Iga *Fukui Prefecture: Yukio Kurita *Fukuoka Prefecture: Hachiji Okuda *Fukushima Prefecture: Isao Matsudaira (until 18 September); Eisaku Satō (start ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Yomiuri Shimbun
The (lit. ''Reading-selling Newspaper'' or ''Selling by Reading Newspaper'') is a Japanese newspaper published in Tokyo, Osaka, Fukuoka, and other major Japanese cities. It is one of the five major newspapers in Japan; the other four are the ''Asahi Shimbun'', the ''Chunichi Shimbun (Tokyo Shimbun)'' the ''Mainichi Shimbun'', and the ''Nihon Keizai Shimbun''. It is headquartered in Otemachi, Chiyoda, Tokyo.' It is a newspaper that represents Tokyo and generally has a conservative orientation. It is one of Japan's leading newspapers, along with the Osaka-based liberal (Third way) Asahi Shimbun and the Nagoya-based Social democratic Chunichi Shimbun. It is published by regional bureaus, all of them subsidiaries of The Yomiuri Shimbun Holdings, Japan's largest media conglomerate by revenue and the second largest media conglomerate by size behind Sony,The Yomiuri Shimbun Holdings is the largest media conglomerate by revenue in Japan, while Sony is Japan's largest media congl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Funding In Japan
In Japan, the problem of political funding was intensely debated during the late 1980s and early 1990s, partly as a result of revelations following the Recruit scandal of 1988-89. History Recruit scandal The scandal arose as a result of the dealings of Ezoe Hiromasa, the ambitious chairman of the board of the Recruit Corporation (a professional search service that had diversified into finance and real estate and had become involved in politics), who sold large blocks of untraded shares in a subsidiary, Recruit Cosmos, to seventy-six individuals. When the stock was traded over the counter in 1986, its price jumped, earning individual investors as much as ¥100 million in after-sales profits. The persons involved included the most influential leaders of the LDP (usually through their aides or spouses) and a smaller number of opposition party figures. Although such insider trading was not strictly illegal, it caused public outrage at a time when the ruling party was considering ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-business Relations In Japan
Government-business relations are conducted in many ways and through numerous channels in Japan. The most important conduits in the postwar period are the economic ministries: the Ministry of Finance and the Ministry of Economy, Trade and Industry (METI, formerly the Ministry of International Trade and Industry, known as MITI). The Ministry of Finance has operational responsibilities for all fiscal affairs, including the preparation of the national budget. It initiates fiscal policies and, through its indirect control over the Bank of Japan, the central bank, is responsible for monetary policy as well. The Ministry of Finance allocates public investment, formulates tax policies, collected taxes, and regulates foreign exchange. The Ministries *The Ministry of Finance establishes low interest rates and, by thus reducing the cost of investment funds to corporations, promotes industrial expansion. *METI is responsible for the regulation of production and the distribution of goods and se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morihiro Hosokawa
is a Japanese politician and Nobility, noble who was Prime Minister of Japan from 1993 to 1994, leading a coalition government which was the first non-Liberal Democratic Party (Japan), Liberal Democratic Party (LDP) government of Japan since 1955. After a funding scandal in early 1994, he was forced to resign. He later ran unsuccessfully as a candidate for Governor of Tokyo in the 2014 Tokyo gubernatorial election, February 2014 gubernatorial election as an independent supported by the Democratic Party of Japan. He has been, since 2005, the head of the Hosokawa clan, Kumamoto-Hosokawa clan, one of the noble families of Japan. Early life Morihiro Hosokawa was born in Tokyo as the eldest grandson of Moritatsu, 3rd Marquess Hosokawa, and head of the Hosokawa clan. His maternal grandfather is the pre-war prime minister Prince Fumimaro Konoe. As a great-great-grandson of Prince Kuni Asahiko, he is a third cousin of the present emperor, Naruhito. He is also a descendant of Christian h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nihon Keizai Shimbun
''The Nikkei'', also known as , is the flagship publication of Nikkei, Inc. (based in Tokyo) and the world's largest financial newspaper, with a daily circulation exceeding 1.73 million copies. The Nikkei 225, a stock market index for the Tokyo Stock Exchange, has been calculated by the newspaper since 1950. It is one of the four national newspapers in Japan; the other three are ''The Asahi Shimbun'', the ''Yomiuri Shimbun'' and the ''Mainichi Shimbun''. History The roots of the Nikkei started with an in-house newspaper department of Mitsui & Company in 1876 when it started publication of ''Chugai Bukka Shimpo'' (literally ''Domestic and Foreign Commodity Price Newspaper''), a weekly market-quotation bulletin. The department was spun out as the ''Shokyosha'' in 1882. The paper became daily (except Sunday) in 1885 and was renamed ''Chugai Shōgyō Shimpo'' in 1889. It was merged with ''Nikkan Kōgyō'' and ''Keizai Jiji'' and renamed ''Nihon Sangyō Keizai Shimbun'' in 1942. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
