Jan 25, 2013

Shirakawa says BOJ alone can't attain inflation target

Reaching the newly adopted 2 percent inflation target will require a “substantial effort,” including government policies that will boost economic growth, Bank of Japan Gov. Masaaki Shirakawa said Friday. Pointing out that the economy has averaged about 0.5 percent inflation over the last 20 ...

Jan 23, 2013

BOJ agrees to uphold Abe's 2% inflation target

The Bank of Japan on Tuesday adopted a 2 percent inflation target, caving in to pressure from Prime Minister Shinzo Abe, while calling for closer coordination and implementation of bold measures to fight deflation in a joint statement released with the government. In showing ...

The blunt, blue-blooded Aso is back

| Jan 22, 2013

The blunt, blue-blooded Aso is back

Prime Minister Shinzo Abe may be the face of the new government led by Liberal Democratic Party, but Finance Minister Taro Aso is also a force in the LDP to be reckoned with. In fact, only a few politicians today can claim to have ...

Abe seeking monetary soulmate as next governor of BOJ

Jan 17, 2013

Abe seeking monetary soulmate as next governor of BOJ

Having agreed on a ¥20 trillion economic stimulus package and a hefty ¥13.1 trillion supplementary budget, the next big task for Prime Minister Shinzo Abe and his Cabinet will be nominating the right person to head the Bank of Japan. Abe told reporters Wednesday ...

Jan 12, 2013

Cabinet OKs ¥20 trillion stimulus plan

Prime Minister Shinzo Abe’s Cabinet on Friday approved a mammoth ¥20.2 trillion economic stimulus package, hoping to kick-start a recovery through public works spending, monetary easing and new growth strategies. “Ending the yen’s appreciation and deflation is critically important to bring the economy out ...

Foreign nurse success story has message for Japan: Open up

Jan 9, 2013

Foreign nurse success story has message for Japan: Open up

The success story of Dewi Rachmawati may hold the key to coping with Japan’s declining population and quickly aging society. The struggles the Indonesian nurse has endured during her four years living in the country are what the government must rapidly remedy. “It was ...

Mac who would be governor says: Smile

Jan 4, 2013

Mac who would be governor says: Smile

Makoto Tonami was born in 1948 in Aichi Prefecture and graduated from the prestigious Kyoto University with a degree in agriculture. Upon graduation he went to work for trading house Itochu Corp., a job that would take him on business trips around the globe. ...

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 ...