Abe hoopla aside, key economic challenges loom

| Jan 3, 2013

Abe hoopla aside, key economic challenges loom

Stocks are up, the yen is easing and there is a new prime minister pledging to splash trillions of yen to breathe life into the country’s moribund economy: Last year ended on a high note for Japan Inc., and 2013 looks even more promising ...

| Dec 27, 2012

‘Abenomics’ gets off to a flying start

The very idea of big-spender Shinzo Abe’s reappointment as prime minister was enough to send the yen falling against the dollar and spurred the Nikkei above the 10,000 mark for the first time in months. Now that Abe’s reascension is official, market players are ...

Dec 21, 2012

BOJ will ease more, denies Abe pressed

The Bank of Japan on Thursday boosted its asset-purchasing program from ¥91 trillion to about ¥101 trillion and promised to review its medium- to long-term price stability goals next month. Wrapping up a two-day meeting of the BOJ Policy Board that began Wednesday, BOJ ...

AIJ founder admits fraud, denies greed

Dec 6, 2012

AIJ founder admits fraud, denies greed

AIJ Investment Advisors Co. President Kazuhiko Asakawa on Wednesday pleaded guilty to charges of defrauding pension fund clients out of ¥24.8 billion while concealing trading losses, but denied intending to line his own pockets. “I apologize from the bottom of my heart to the ...

Key artery’s closure blow to transport, bus firms

Dec 4, 2012

Key artery’s closure blow to transport, bus firms

Travel agencies and transport companies scrambled to deal with cancellations and rerouting Monday after the deadly Sasago Tunnel accident closed off the Chuo Expressway in Yamanashi Prefecture — a major east-west artery. “We’ve had about 100 reservations canceled since the incident occurred,” a spokesman ...

Tokyo gubernatorial election a three-horse race

Nov 30, 2012

Tokyo gubernatorial election a three-horse race

The Tokyo gubernatorial election campaign kicked off Thursday, with three main contenders vying for the post: Naoki Inose Thanks to the backing of former Tokyo Gov. Shintaro Ishihara, Inose appears to be the front-runner in the gubernatorial race. Before serving as vice governor under ...

Abe economic policy raises serious questions

Nov 23, 2012

Abe economic policy raises serious questions

Not satisfied with bending Prime Minister Yoshihiko Noda to its will for a snap election, the Liberal Democratic Party has set its sights on Bank of Japan Gov. Masaaki Shirakawa, at No. 36 the highest-ranked Japanese on Forbes magazine’s 2011 list of the world’s ...