Greek crisis to hit Japan indirectly

May 13, 2010

Greek crisis to hit Japan indirectly

The Greek financial crisis is unlikely to wreak havoc on the Japanese economy, although a strengthening of the yen as a result of the euro’s depreciation will inevitably affect exports bound for Europe, according to some economists. But they caution that Japan shouldn’t regard ...

May 11, 2010

Tuna auction reopens to tourists

The tuna auction at Tokyo’s popular Tsukiji fish market reopened Monday to the public with new restrictions following a monthlong ban leveled after tourists obstructed business. Shortly after tourists started entering early in the morning, the new limit of 140 was reached. Several other ...

May 8, 2010

Busy auctions mask Tsukiji decline

Around 5 a.m., the opening bell signaled the start of the auction at Tokyo’s Tsukiji Central Fish Market. Lining the floor were hundreds of tunas, tagged with their point of origin — Guam, Australia and Katsuura, Chiba Prefecture. As the sellers called out each ...

Apr 24, 2010

Ishihara snubs SDP retraction request

Tokyo Gov. Shintaro Ishihara on Friday rejected a request from Social Democratic Party chief Mizuho Fukushima to retract remarks suggesting she may be a naturalized Japanese or a descendant of one. “I have not specified her at all (as being a naturalized person or ...

Apr 21, 2010

Are thicker textbooks the answer?

Faced with a drastic deterioration in academic performance, the education ministry is set to abandon a decade-old policy of relaxed programs and dramatically increase page counts of elementary school textbooks starting next year. But experts are split over the new policy, with some arguing ...

Japan's vulnerability to tsunami

| Apr 20, 2010

Japan's vulnerability to tsunami

Rollers from the giant earthquake in Chile in February and the catastrophic Indian Ocean tsunami in 2004 are still fresh in the world’s memories, but in Japan giant tidal waves have never been far from thought. The big tidal waves have killed so many ...

Feb 11, 2010

Dealers get down to work on software

Toyota dealers across the nation Wednesday started fixing the software of the newest Prius and three other hybrid models and scrambled to contact customers to notify them of the recall in hopes of preserving their brand loyalty. “We started to call our 50 customers ...

Shirakawa: 'no magic wand' for deflation

Jan 30, 2010

Shirakawa: 'no magic wand' for deflation

Bank of Japan Gov. Masaaki Shirakawa said Friday there is no easy solution to end deflation and monetary policies to increase liquidity will not be enough to stop prices falling. “There is no magic wand,” Shirakawa said at a seminar held at a hotel ...

Jan 27, 2010

Wary of deflation, BOJ maintains near-zero interest rate

The Bank of Japan said Tuesday it will keep its key interest rate unchanged at just above zero, as widely expected, and reiterated its determination to fight deflation. The seven-member Policy Board unanimously voted to maintain the uncollateralized overnight call rate at around 0.1 ...

Bookoff chief guides firm out of attitude bind

| Jan 23, 2010

Bookoff chief guides firm out of attitude bind

Hiroshi Sato took the helm of Bookoff Corp., the nation’s largest secondhand book store chain, in 2007, when the company’s corporate survival was in doubt after weekly magazines broke news that the firm had rigged its accounts. But Sato, as Bookoff president and chief ...