BOJ warns recovery has 'paused,' keeps rate policy

Dec 22, 2011

BOJ warns recovery has 'paused,' keeps rate policy

The Bank of Japan said Wednesday it will maintain its zero interest rate policy but gave a somber assessment that a pickup in economic activity has “paused.” The economy is being influenced by “the effects of a slowdown in overseas economies and of the ...

Dec 21, 2011

Immigration changes to come as new law takes effect in July

The revised immigration law will take effect next July 9 and the government will start accepting applications for new residence registration cards on Jan. 13, the Cabinet decided Tuesday, paving the way for increased government scrutiny through a centralized immigration control of foreign nationals. ...

Business confidence battered by strong yen, Europe's crisis

Dec 16, 2011

Business confidence battered by strong yen, Europe's crisis

Business sentiment among large manufacturers deteriorated in December, according to the Bank of Japan’s quarterly “tankan” index released Thursday, underscoring the growing concern over Europe’s sovereign credit risk and the persistent rise of the yen. The business index for major manufacturers — companies capitalized ...

Cesium-laced baby formula sparks concern, but risk low

Dec 8, 2011

Cesium-laced baby formula sparks concern, but risk low

Mothers with young children, and the overall dairy industry, were quick in reacting Wednesday to news of cesium-tainted baby formula being sold in markets, even though the reported contamination levels were well below the government-set limit. Although experts stressed that such levels would not ...

Woodford: Board must be purged

Nov 26, 2011

Woodford: Board must be purged

Rehabilitating disgraced Olympus Corp. should begin with the ouster of many of its current board members, former President Michael C. Woodford said Friday in Tokyo. “These people cannot continue as directors” if the company is to properly account for its coverup of huge investment ...

Last trial brings dark Aum era to end

| Nov 22, 2011

Last trial brings dark Aum era to end

The Supreme Court on Monday rejected an appeal by condemned killer Seiichi Endo, lowering the curtain on the trials over the cult’s heinous crimes, which began in the 1980s and culminated in the 1995 nerve gas attack on the Tokyo subway system. All but ...

Aum may be gone in name but guru still has following

Nov 22, 2011

Aum may be gone in name but guru still has following

Judicial proceedings for Aum Shinrikyo figures effectively came to an end Monday as Seiichi Endo became the 13th member of the doomsday cult to have his death sentence finalized by the Supreme Court. But while Aum’s criminal masterminds await the hangman’s noose on death ...

Nov 17, 2011

BOJ board maintains ultralow interest rate

The Bank of Japan Policy Board said Wednesday it will maintain its virtually zero interest rate policy while putting off additional monetary easing to cope with the impact of Europe’s debt crisis and the yen’s sharp rise. Despite agreeing by a unanimous vote to ...

Nov 15, 2011

Quarter's GDP hits 6% annual rate

Japan’s gross domestic product grew in the July-September period for the first time in three quarters, marking annualized growth of 6 percent, the Cabinet Office said Monday. Economists remain skeptical, however, that the recovery will keep up in the next few quarters, citing uncertainties ...

| Nov 12, 2011

Dissent within DPJ ranks looks set to fester

Delaying the decision to take part in the Trans-Pacific Partnership negotiations by a day may have bought a little time, but experts said Friday there is no going back for Prime Minister Yoshihiko Noda now that he has announced Japan will participate in the ...

No chain reaction in reactor 2, expert says

Nov 5, 2011

No chain reaction in reactor 2, expert says

The discovery of xenon in the Fukushima No. 1 nuclear plant’s reactor 2 earlier this week was likely a result of “spontaneous fission,” a nuclear expert said Friday, agreeing with an earlier conclusion by Tokyo Electric Power Co. that some of the melted fuel ...