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| 1997, April 22 |
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| Peruvian commandos stormed the Japanese ambassador's residence, freeing 72 hostages and ending the 126-day-long crisis. In addition to one hostage and two soldiers, all 14 rebels were killed in the raid. Pres. Fujimori's approval ratings soared to 67 percent as a result of the action. | 1 |
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| 1998, Aug. 7 |
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| Liberal premier Javier Valle Riestra resigned his position, remarking on Pres. Fujimori's totalitarian governmental policies. | 2 |
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| Aug. 20 |
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| In a surprising change of his cabinet, Pres. Fujimori replaced his armed forces chief Nicholas Hermoza Rios, who was widely considered one of Peru's three most powerful people. | 3 |
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| Oct. 26 |
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| A treaty with Ecuador was signed, ending a 50-year-long border dispute with Peru. The cause of a 1995 war between the two countries, the border dispute was the last unresolved conflict of its kind in Latin America. | 4 |
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