June 2013
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56 articles published/printed


Shirakawa revival sought amid rout: Japan Credit

Jun 08, 2013

Shirakawa revival sought amid rout: Japan Credit

Bank of Japan Gov. Haruhiko Kuroda’s success in fueling inflation expectations has caused some investors to seek a revival in his predecessor’s policies to temper the worst Japanese government bond losses in nine years. JGBs maturing in more than 10 years have lost 3.8 ...

Abe says his way is 'the only way'

Jun 08, 2013

Abe says his way is 'the only way'

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Prime Minister Shinzo Abe said his policies are “the only way” to fix the economy, days after the IMF warned it could all go wrong. His comments came Thursday after the International Monetary Fund welcomed his big-spending and loose-money plans but cautioned there are ...

Aboriginal artist gets high-profile Paris display

Jun 08, 2013

Aboriginal artist gets high-profile Paris display

Australia has been challenged to match France’s promotion of Aboriginal art after the inauguration of a landmark work in Paris. Gija artist Lena Nyadbi’s “Dayiwul Lirlmim” (“Barramundi Scales”) will be seen by millions of visitors to the French capital for decades to come as ...

King's legacy at BOE: a broken economy

| Jun 08, 2013

King's legacy at BOE: a broken economy

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It is the end of an era on Threadneedle Street, the narrow street in the City of London from which the Bank of England has for centuries lorded over the British economy. When the bank’s Monetary Policy Committee announced no change to its policies ...

'Recycle Art' exhibition opens at Tokyo gallery

Jun 08, 2013

'Recycle Art' exhibition opens at Tokyo gallery

A unique art exhibition featuring works made from recycled commodities opened Wednesday at a small Tokyo gallery, with 33 cartoonists and animators contributing their creations. Among over 60 showpieces at the eighth “Recycle Art Exhibition” are a dress made from white plastic grocery bags, ...

Esther Williams, champion swimmer and film star, dies at 91

Jun 08, 2013

Esther Williams, champion swimmer and film star, dies at 91

Esther Williams, a championship swimmer and lustrous beauty who became one of the world’s most popular movie stars in the 1940s and ’50s by appearing in aquatic musicals featuring daredevil plunges from pedestals, trapezes and even a helicopter, died Thursday at her home in ...

U.S. trade chief pick takes aim at autos

Jun 08, 2013

U.S. trade chief pick takes aim at autos

The nominee for top U.S. trade representative indicated he would urge Japan to expand U.S. access to its auto market through negotiations for the Trans-Pacific Partnership. Mike Froman told a congressional hearing Thursday that the U.S. government has regarded domestic calls for expanded access ...

White House denies it spies on Americans

Jun 08, 2013

White House denies it spies on Americans

The White House denied Thursday spying on U.S. citizens or people living in the United States, after revelations of a vast Internet surveillance program. A senior Obama administration official said that the Foreign Intelligence Surveillance Court, the executive branch and Congress all have oversight ...

Jun 08, 2013

Penalties set for drivers who conceal illnesses

Lawmakers on Friday passed a revision to the Road Traffic Law that includes the possibility of imprisonment for concealing serious illnesses such as epilepsy and schizophrenia when applying for or renewing a driver’s license. The revised law also has stiffer penalties for people driving ...

Prince Charles visits Yamazaki Mazak factory

Jun 08, 2013

Prince Charles visits Yamazaki Mazak factory

Britain’s Prince Charles visited Japanese machine tool maker Yamazaki Mazak’s factory in central England on Thursday to learn about its highly regarded training programs for young workers. The prince has a long-standing interest in the training and development of young people and hoped to ...

How did Germany become the new champion of Europe?

Jun 08, 2013

How did Germany become the new champion of Europe?

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Sitting in his brightly lit office overlooking the green hills of rural Westphalia, surrounded by photographs of aluminium and titanium castings, Phillip Schack has drawn a blue triangle on a piece of paper. Pointing to a small shaded section at its apex, he says: ...

'Amakudari' returns: Ex-bureaucrat set to head Shoko Chukin Bank

Jun 08, 2013

'Amakudari' returns: Ex-bureaucrat set to head Shoko Chukin Bank

Shoko Chukin Bank said it will promote Deputy President Hideji Sugiyama, a former vice industry minister, to president to replace Tetsuo Seki. The appointment will be finalized with the approval of the bank’s board and the industry and finance ministers after a general meeting ...

Mara the elephant slowly gets back on her feet

| Jun 08, 2013

Mara the elephant slowly gets back on her feet

Treatment for Mara, a baby female elephant with fractures in both of her front legs, continues at the Toyohashi Zoo and Botanical Park in Aichi Prefecture. Japan doesn’t have prior experience dealing with bone fractures afflicting an Asian elephant. More than four months have ...

Jun 08, 2013

Abe gives no details but vows to mend fiscal health

The government has pledged to simultaneously achieve fiscal rehabilitation and economic growth in a draft of its longer-term economic and fiscal policy blueprint, but gave no details on how to pave the way for sound public finance. Prime Minister Shinzo Abe’s administration promised in ...

Why do identical twins lead such different lives?

Jun 08, 2013

Why do identical twins lead such different lives?

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Barbara Oliver has had an intriguing relationship with her identical twin sister, Christine, over the decades. Throughout their childhoods, they were effectively treated as two versions of the one person: they were dressed in exactly the same manner and were given the same hairstyles. ...

Jun 08, 2013

Japan banks to provide U.S. citizens' account info to IRS

Japanese financial institutions will be required starting in 2015 to provide U.S. tax authorities with information about accounts held by Americans, sources said Friday. The Japanese and U.S. governments entered on Friday the final stage of negotiations for signing a memorandum of understanding on ...

Jun 08, 2013

Social cost of carbon is rising: U.S.

Buried in an obscure regulation on microwave ovens is a revealing change in President Barack Obama’s approach to global warming. Last week, the Department of Energy announced an update to its energy-efficiency standards for microwaves, requiring newer models to use less power while in ...

Jun 08, 2013

Ex-soccer player held over threats

Former national soccer team player Daisuke Oku has been arrested for allegedly making threats over the telephone. Oku, a midfielder who played in 26 matches for the national team and scored twice, allegedly called his wife, actress Hinako Saeki, on Tuesday and said, “I’m ...

Jun 08, 2013

French teen activist dies after fight

A teenage far-left French activist died Thursday after a fight with skinheads in Paris, sparking concern over the rise of extreme-right groups. Clement Meric, 18, a student at the city’s prestigious Sciences-Po university, had been left brain-dead after Wednesday’s attack near the central Saint-Lazare ...

Jun 08, 2013

British soap star faces new charges

William Roache, a star of Britain’s long-running “Coronation Street” soap opera, has been charged with five counts of indecent assault of young girls in addition to an earlier charge of rape, prosecutors said Thursday. The 81-year-old, who has played Ken Barlow since the first ...

Jun 08, 2013

Wells Fargo settles over home neglect

Wells Fargo has agreed to spend at least $42 million to settle allegations that it neglected the maintenance and marketing of foreclosed homes in black and Latino neighborhoods across the country, the National Fair Housing Alliance announced Thursday. A year-long investigation by the advocacy ...

Jun 08, 2013

Prince Philip undergoes surgery

Prince Philip, the 91-year-old husband of Queen Elizabeth II, was on Friday to undergo “exploratory” surgery at a London hospital, where he is expected to remain for two weeks. A large incision will be made through the abdominal wall in order to look for ...

Jun 08, 2013

Hollande gives reconciliation lesson

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French President Francois Hollande said Friday in a speech to the Diet that he is concerned by the rising diplomatic tension in Asia and urged Japan to reconcile history issues with neighboring countries just as France and Germany did after World War II. Hollande ...

Jun 08, 2013

Kasparov joins exodus from Russia

Former chess champion and anti-Kremlin activist Garry Kasparov has said he is staying out of Russia over fears he could be put on trial, becoming the latest Russian intellectual to leave the homeland amid a crackdown on the opposition. Kasparov said in Switzerland he ...

Jun 08, 2013

Speedy Net planned for all U.S. schools

President Barack Obama journeyed to a high-tech middle school Thursday to announce plans to expand broadband and wireless Internet access to each of the nation’s schools and libraries. Lamenting that the United States has fallen far behind rivals such as South Korea in connectivity, ...

Jun 08, 2013

Bra curb in force for Chinese exams

More than 9 million students packed exam halls across China for the opening day of the country’s university entrance exam Friday, with attempts to stop cheating even leading to bans on metal bra clasps. Students in the northeastern province of Jilin were banned from ...

Jun 08, 2013

Cabinet OKs security council bills

The Cabinet approved bills Friday aimed at strengthening the leadership of the prime minister’s office in security and foreign policy matters by establishing an institution similar to the U.S. National Security Council. Under the policy framework envisioned by the bills, a standing council comprised ...

Jun 08, 2013

Myanmar set to air NHK dramas 'Carnation,' 'Atsuhime'

NHK said Thursday a Myanmar TV station will start airing its dramas from around late July, marking the first time for Japanese dramas to be shown in the Southeast Asian country since it shifted to a democratic government from military rule in March 2011. ...

Jun 08, 2013

Coincident index up for third month

A key economic index rose in April for the third straight month as expectations grew for recovery in exports on the back of the depreciation of the yen, jacking up stock prices and encouraging companies to boost production, the government said Friday. The index ...

Jun 08, 2013

IRS official regrets lavish conference

The Internal Revenue Service official who signed off on a $4.1 million California conference featuring parody videos, taxpayer-paid gifts and upgrades to lavish hotel suites apologized Thursday and said the agency used poor judgment. Faris Fink, commissioner of the tax collection agency’s small business ...

Jun 08, 2013

Tropical storm drenches Florida

Tropical storm Andrea dumped heavy rains on Florida on Thursday and threatened to bring high winds and rough seas to much of the East Coast after earlier tearing across western Cuba. The storm could whip up tornadoes in central and southern Florida, the National ...

Jun 08, 2013

SMBC sells half of stake in Barclays

Sumitomo Mitsui Banking Corp. says it has sold half of its shareholding in British banking giant Barclays PLC in overseas markets for around ¥40 billion. While the sale reduced SMBC’s stake in Barclays to 0.66 percent from 1.3 percent, the two banks will continue ...

Jun 08, 2013

9 million in China have dementia

Around 9.2 million people in China had dementia in 2010, compared with almost 3.7 million 20 years earlier, according to a study Friday that throws a spotlight on an emerging health crisis. In what its authors say is the most detailed study into age-related ...

Jun 08, 2013

Okinawa assembly hits F-15 crash

The Okinawa Prefectural Assembly has unanimously passed a resolution protesting the crash of a U.S. Air Force F-15 fighter in the Pacific Ocean last month. Members of the assembly visited the U.S. Kadena Air Base on Thursday and handed the resolution to Maj. Christopher ...

Jun 08, 2013

Mr. Abe's 'third arrow' misses mark

If Prime Minister Shinzo Abe's goal of boosting Japan's per capita gross national income by ¥1.5 million in 10 years sounds too good to be true, it probably is.

Jun 08, 2013

Tax rule lags the technology

The National Tax Agency has said for years that people who bet on the horses cannot deduct losses from taxable winnings. Enough of that, an Osaka court rules.

| Jun 08, 2013

Encouraging, not comparing, accomplishments

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Aging Japan. We hear this phrase all the time. The question is, what are they talking about — the infrastructure? The people? Four Roses whisky? Everything ultimately ages. Even newborns age. So perhaps to defy “aging Japan,” we need people who age younger, or ...

Upcoming Clinton biopic stirs speculation

Jun 08, 2013

Upcoming Clinton biopic stirs speculation

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The U.S. presidential election may be three years away, but speculation is already rife about the runners and riders in what is sure to be an epic battle for the White House. Some of the fiercest debate has emerged not from the corridors of ...

Jun 08, 2013

Jordan's soccer coach detained

The Jordan Football Association Friday expressed outrage after national team coach adnan hamad was detained at Melbourne airport when flying in for their crunch World Cup qualifier against Australia. The JFA said Hamad, an Iraqi, was held in a small room for four hours ...