Furukawa says he's set to tackle high yen

| Sep 9, 2011

Furukawa says he's set to tackle high yen

Economic and fiscal policy minister Motohisa Furukawa said Thursday he and other economy-related ministers stand united on tackling the yen’s excessive surge, with an eye on both maximizing the merits of a strong currency and helping small and midsize companies suffering from the high ...

BOJ to maintain 'zero' rate, sees second-half recovery

Sep 8, 2011

BOJ to maintain 'zero' rate, sees second-half recovery

The Bank of Japan’s Policy Board unanimously agreed Wednesday to maintain the current virtually zero-interest rate policy while shunning additional monetary easing to cope with impacts from the recent sharp rise in the yen. As a result, the BOJ will leave unchanged its credit ...

Azumi enters fray with tax-hike talk

| Sep 6, 2011

Azumi enters fray with tax-hike talk

New Finance Minister Jun Azumi repeated Monday that he may ask the public to pay higher taxes to shoulder the burden of reconstructing the disaster-hit Tohoku region, saying he is ready to do his utmost to secure the fiscal resources. In a group interview ...

Fiscal, economic rookies concern analysts

| Sep 3, 2011

Fiscal, economic rookies concern analysts

Financial experts on Friday were quick to voice their concern over the appointment of Jun Azumi as finance minister, saying the rookie Cabinet member will allow Prime Minister Yoshihiko Noda to push his own fiscal policies and may lack the authority to command the ...

Sep 1, 2011

Geithner vows continued close ties

Prime Minister-elect Yoshihiko Noda and U.S. Treasury Secretary Timothy Geithner agreed during a telephone conversation Wednesday to maintain close ties between the two countries in tackling global economic issues. Noda, who effectively stepped down as finance minister Tuesday and was elected prime minister, said ...

Noda a grappler, wears many hats

Aug 31, 2011

Noda a grappler, wears many hats

Depending on who you ask, Yoshihiko Noda is a fiscal policy expert, a conservative who believes the Class-A war criminals were not in fact so, or the ailing Democratic Party of Japan’s last hope to regain the public’s trust. The new prime minister describes ...

Markets relieved by Noda but obstacles remain

| Aug 30, 2011

Markets relieved by Noda but obstacles remain

Market watchers and political experts welcomed the victory of Finance Minister Yoshihiko Noda, an advocate of a tax hike and a fiscal hawk, in the Democratic Party of Japan’s presidential race Monday but the new DPJ leader, who was expected to be appointed prime ...

Aug 25, 2011

Loan program takes aim at surging yen

The government Wednesday unveiled a $100 billion program designed to extend loans to domestic firms to spur overseas investment, in a bid to both take advantage of and counter the effects of the surging yen. Finance Minister Yoshihiko Noda said that under the scheme, ...

Fukushima fallout said 30 times Hiroshima's

Aug 24, 2011

Fukushima fallout said 30 times Hiroshima's

Video footage of Tatsuhiko Kodama’s impassioned speech before a Diet committee in July went viral online recently, showing the medical expert’s shocking revelation that the Fukushima No. 1 nuclear plant spewed some 30 times more radioactive materials than the fallout from the Hiroshima atomic ...

Budget request deadline delayed

Aug 24, 2011

Budget request deadline delayed

The Cabinet approved plans Tuesday to delay the deadline for funds requests made by ministries for the fiscal 2012 budget by a month, citing work on the third supplementary budget and Prime Minister Naoto Kan’s imminent resignation. Kan officially announced his intention to resign ...

NGOs, academics call for abolition of nuclear plants

Aug 16, 2011

NGOs, academics call for abolition of nuclear plants

Antinuclear nongovernmental organizations and academics called for the complete abolition of nuclear power plants in Japan on Monday, the 66th anniversary of the end of World War II. Drawing parallels between the nation’s nuclear policy and the Imperial Japanese Army — both of which ...