Japan open to talks on bolstering IMF

Apr 13, 2012

Japan open to talks on bolstering IMF

Japan is ready to hold talks with other nations, including the U.S. and China, on how to answer the International Monetary Fund’s call for more resources to handle Europe’s sovereign debt crisis, Finance Minister Jun Azumi said Wednesday. In an interview with The Japan ...

Apr 13, 2012

SDF, leaders on 24-hour alert for North’s rocket launch

Japan and its missile defense system remained on high alert Thursday as the first day of North Korea’s launch window for what is believed to be a long-range ballistic missile test passed without incident. North Korea said it will launch the rocket by sometime ...

Apr 11, 2012

BOJ board votes to keep interest rates near zero

The Bank of Japan Policy Board unanimously agreed Tuesday to maintain the current virtually zero interest rate policy while revealing details of a new lending arrangement in dollars worth the equivalent of ¥1 trillion. As a result, following the Policy Board’s two-day meeting, the ...

Vaunted missile shield more for show than protection

Apr 10, 2012

Vaunted missile shield more for show than protection

With Aegis destroyers and Patriot Advanced Capability-3 missiles deployed and standing by, Japan’s military appears ready to shoot down any debris from North Korea’s rocket — or even the rocket itself — should it threaten the country this week. But some experts say that ...

Tuesday’s havoc laid to rare ‘May Storm’

Apr 5, 2012

Tuesday’s havoc laid to rare ‘May Storm’

The strong storm Tuesday that left four people dead and disrupted transportation systems nationwide was triggered by a case of rare weather conditions occurring simultaneously. “This was a condition which is referred to as a ‘May Storm,’ ” Maki Wakahara, a spokeswoman for the ...

Apr 3, 2012

Gloomy ‘tankan’ surprises market

The pessimism reigning among large manufacturers remained firmly entrenched in the Bank of Japan’s quarterly “tankan” survey Monday, underscoring persistent concerns about the yen’s appreciation and Europe’s sovereign credit risk. The business index for major manufacturers — companies capitalized at ¥1 billion or more ...

Experts: 10% tax too minor to dent deficit

Mar 31, 2012

Experts: 10% tax too minor to dent deficit

The Cabinet on Friday made good on its vow and moved forward on doubling the consumption tax by 2015, but some experts and lawmakers already see it as only a tiny step in cutting the ever-expanding fiscal deficit. “It is obvious that further tax ...

Fukushima not just about nuke crisis

| Mar 20, 2012

Fukushima not just about nuke crisis

The Tohoku region continues to struggle beyond the first anniversary of the March 11, 2011, Great East Japan Earthquake, particularly Fukushima Prefecture, whose recovery is being greatly hampered by the triple-meltdown crisis at a coastal nuclear plant. But before the severity of the Fukushima ...

Mar 15, 2012

Fukushima soil fallout far short of Chernobyl

In terms of soil contamination, the nuclear crisis at the Fukushima No. 1 power plant is only about an eighth as severe as the meltdown at the Chernobyl plant, in what is now Ukraine, in 1986, according to a report by the science ministry ...

Paragliding fanatic chronicles Iwaki’s postdisaster shoreline

Mar 15, 2012

Paragliding fanatic chronicles Iwaki’s postdisaster shoreline

Footage of the Tohoku region’s tsunami-ravaged coast has been broadcast constantly over the past year, allowing viewers a closeup view of obliterated communities. But Eiji Sakai, a resident of Iwaki, Fukushima Prefecture, has had a unique bird’s-eye view of the devastation, by paragliding along ...