Economy
Fed to start tapering bond purchases this year: Bernanke
by No Author
The Federal Reserve maintains its $85 billion-a-month asset purchase program, but says it could begin scaling back later this year.
22
L/RAIN
For Chris Cooper's latest contributions to The Japan Times, see below:
Hitachi Ltd. is showing Sony Corp. and Panasonic Corp. that there can be life after TV. The company ended 56 years of TV manufacturing in August as part of a turnaround from a record loss three years ago. President Hiroaki Nakanishi, a 42-year company ...
Japan Airlines Co., which began Boston services Sunday with its new Boeing Co. 787, may also use the fuel-efficient plane on routes to Spain and Germany as it bolsters services to smaller cities. The airline is considering flights to Madrid, Berlin and Dusseldorf, which ...
Tokyo’s first dedicated business-jet terminal opens Saturday as Japan tries to lure millionaire tourists from China and investment from multinationals adding Asian offices. The facility at Narita Airport, the nation’s biggest international gateway, will have dedicated customs and immigration counters, allowing travelers to avoid ...
All Nippon Airways Co. may expand a venture with Germany’s Lufthansa after greater cooperation with partners helped the Japanese carrier double transfer passengers at Narita airport. ANA may form tieups with Lufthansa units Swiss International Air Lines AG, Austrian Airlines AG and Brussels Airlines ...
Tokyo’s “Dinosaur Bridge” opens to vehicles Sunday after 10 years of construction, with the world’s largest metropolis hoping it will cut traffic jams that slow vehicles to half of the nation’s average highway speed and boost its economy. The 2,618-meter span, officially named the ...
Japan Airlines Corp., the recipient of three government bailouts since 2001, will find out soon if the rules have changed. The Democratic Party of Japan, which takes power Sept. 16, pledged to cut what the next prime minister, Yukio Hatoyama, called “wasteful” government spending. ...
Takahiro Fukushima gets a pension of ¥2.7 million a year from Japan Airlines Corp., where he worked for 35 years. Two months ago, the unprofitable airline sent the former cabin attendant a letter asking his permission to cut it by more than 50 percent. ...
At 6:30 p.m. on a Friday, Frank Sinatra’s “Strangers in the Night” fills the lobby of the Hotel Mario outside Tokyo. A couple scans a board showing photos of the 50 rooms, which can be rented for a few hours. Only three are left. ...
Japan may offer emergency loans to Japan Airlines Corp. and All Nippon Airways Co., the country’s biggest carriers, for the first time in five years as they forecast losses amid a drop in passengers. The government may arrange for the Development Bank of Japan ...
The $268 million Ibaraki Airport is on schedule to open for business in March 2010. The hard part will be persuading an airline to fly there. The government and Ibaraki Prefecture, home to 3 million people, are paying for the airport, which will be ...