News On Japan

Ex-Olympus CEO admits illegal drug purchases at Tokyo trial

Dec 24 (NHK) - The former head of Japanese precision equipment maker Olympus has admitted to purchasing illegal drugs on the first day of his trial in Tokyo.

Stefan Kaufmann was indicted on charges of violating Japan's special law on narcotics. He had been accused of acquiring what are believed to be cocaine and the synthetic drug MDMA multiple times in June and November of last year.

The 56-year-old former president and CEO told the Tokyo District Court on Monday that the indictment is correct based on the facts.

Kaufmann stated that he started using illegal drugs on a friend's recommendation. He said he was working 16 to 18 hours a day and wanted to conceal his tiredness.

The defendant also said that a man who handed over drugs to him threatened to tell police and the media about his purchases. Kaufmann added that he had been at a loss what to do.

Prosecutors demanded 10 months in prison, while the defense lawyers called for a lenient ruling.

Kaufmann joined Olympus in 2003 after working for a German company and other firms. He assumed the posts of Olympus president and CEO in April last year, but stepped down in October after the company received a report about the allegation.

News On Japan
POPULAR NEWS

The hydrogen fuel cell ship "Mahoroba," designed to connect central Osaka with the Expo venue in Yumeshima in approximately 60 minutes, was unveiled to the media ahead of its commercial launch during the Expo period.

A road collapse in Yashio, Saitama Prefecture, has now entered its third day, approaching the 50-hour mark since the incident first occurred. A secondary collapse in the early hours has caused two separate holes to merge into one large sinkhole, complicating ongoing rescue efforts.

From sudden severe pain during a gourmet-filled trip to chronic illness attacks that medication cannot treat, what kinds of symptoms bring foreign tourists to clinics?

Starting January 27, Osaka City has implemented a citywide ban on smoking in public areas, including heated tobacco products, as part of preparations for the Osaka-Kansai Expo set to open in April.

A man has been arrested in connection with the stabbing of three individuals in front of JR Nagano Station in Nagano City, where one person was killed and two others sustained injuries of varying severity.

MEDIA CHANNELS
         

MORE Business NEWS

Fuji TV held a press conference on January 27 at 4 p.m. to address allegations reported in the media that an employee was involved in a dispute between TV personality Nakai and a woman. Fuji TV explained that investigating Nakai at this stage might negatively impact the woman’s mental health and risk further harm if Nakai attempted to contact her.

Leaders of Fuji Television announced their resignations on Monday amid growing pressure on the Japanese broadcaster over a major scandal involving a TV personality. (NHK)

金融市場の世界では、取引の人気が高まっており、取引へのアクセスを提供するプラットフォームはトレーダーの成功に重要な役割を果たしている。

The world's two largest electric vehicle makers want to make bigger inroads into Japan's struggling EV market. America's Tesla and China's BYD both have plans to roll out new SUVs in April. (NHK)

The Bank of Japan (BOJ) has decided to raise its policy interest rate from an annualized 0.25 percent to 0.5 percent. This marks the first rate hike in six months and appears aimed at correcting the historically weak yen.

Japan is facing significant challenges in its food supply chain as new laws and rising prices create widespread concern among farmers and consumers. The recently introduced Food Supply Crisis Management Law, set to take effect on April 1, will prohibit farmers from leasing unused farmland, with severe penalties for violations.

Japan is facing an unprecedented rice shortage, with recent data highlighting alarming supply-demand imbalances in the domestic market. The Agricultural Newspaper reported on January 10 that the DI (Demand-Supply Index), a measure of rice market balance, reached a record high of 80. This figure indicates a critical shortfall in rice availability, surpassing even last year's levels when supermarket shelves were emptied.

A partnership agreement was signed on January 20th to promote cargo transportation using electric aircraft based at Kitakyushu Airport. A test flight to Miyazaki Airport is planned for this summer.