Jul 13, 2011

Political turmoil casting doubt on public finances

Four months after the devastating earthquake and tsunami in the northeast, the economy shows some signs of recovery, but at the same time uncertainty is growing over public finances as the government struggles to implement budgets and push through fiscal reforms amid political turmoil. ...

Economic outlook dimmer a month after earthquake

Apr 12, 2011

Economic outlook dimmer a month after earthquake

A month after the devastating March 11 earthquake and tsunami struck Japan, uncertainty over the country’s economy has only escalated, with manufacturers crippled and the crisis at the Fukushima No. 1 nuclear power plant weighing heavily on business and consumer sentiment. The government of ...

| Mar 18, 2011

Blackouts ravaging faltering economy

As the havoc wreaked by the massive earthquake and ensuing tsunami last week becomes clearer day by day, one critical problem for Japan’s already fragile economic recovery has emerged: a lack of electricity. In the aftermath of the devastating magnitude 9 earthquake on March ...

| Jan 30, 2011

Downgrade can help Kan make case for fiscal reform

Japan’s deteriorating public finances have prompted Standard & Poor’s to cut its sovereign debt rating, but experts say the move has had little negative impact and could even help the government persuade the public to accept reforms that might result in a tax hike. ...

| Dec 17, 2010

Fear propels corporate tax cut

The decision by the government to cut the corporate tax rate was a clear reflection of its fear that the country is losing its attractiveness as a destination for investment. Prime Minister Naoto Kan expressed his hope that the tax cut, which needs some ...

Oct 12, 2010

Structural reform 'indispensable' for economic recovery: BOJ's Shirakawa

WASHINGTON — Bank of Japan Governor Masaaki Shirakawa on Sunday called for the Japanese government to promote structural reforms to ensure an economic recovery, without making pointed reference to it after the central bank played its part by significantly easing the country’s monetary conditions. ...

G7 silently assents to intervention

Oct 11, 2010

G7 silently assents to intervention

WASHINGTON — Japan may have been the biggest beneficiary this weekend when the Group of Seven leading economies responded ambiguously about its currency intervention last month, which drew fire from U.S. and European lawmakers. It is almost impossible for Japan to step into the ...

| Aug 7, 2010

Obama runs risk with Roos in Hiroshima

HIROSHIMA/WASHINGTON — As U.S. Ambassador to Japan John Roos on Friday became the first U.S. representative to attend the annual ceremony to commemorate the atomic bombing of Hiroshima, the move was fraught with both political gains and risks for U.S. President Barack Obama. Obama ...

| May 11, 2010

Dollar-swap pact needed to keep recovery on track

The Bank of Japan’s decision Monday for a dollar-swap accord with the U.S. Federal Reserve was welcomed by analysts, who said pumping liquidity into the banking system and helping businesses raise necessary funds are crucial to keeping Japan’s economic recovery on track. The BOJ ...