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Is it a sign of a full-fledged economic recovery or a looming catastrophe in the monetary making? Recent spikes in Japan’s long-term interest rate, represented by the 10-year government bond, have created a stir and roused a deep sense of alarm among investors and ...
Tonkatsu is comfort food, gourmand grub — not a gourmet delicacy. So what are those hearty, unpretentious deep-fried breaded pork cutlets doing in an elegant little bar-style restaurant above one of Ginza’s temples to high-end consumption? Katsuzen has come a long way from its ...
Life in Japan just seems tailor-made for certain foreign residents, who slip into the fabric of this society as smoothly as a hand slides into a glove. American Curtis Patterson, a professional koto player and music teacher, is a case in point. Not only ...
Disgusted by corrupt local leaders, an angry miner picks up a shotgun. A migrant worker returning home looks to armed robbery to escape a life of relentless bleakness. A pretty receptionist at a sauna is driven to the limit when a gangster tries to ...
David Beckham, whose curling free kicks, rugged good looks and celebrity marriage made him one of the most famous athletes in the world, is retiring from soccer. Whether striding on the grass, the red carpet or the fashion catwalks, Beckham transcended his sport and ...
South Korea managed a relatively quick recovery from the global financial crisis — with a 0.2 percent gross domestic product increase in 2009 — but the country will need to invest in new engines of the economy to secure future growth, veteran journalists from ...
Japan does not appear to have explored all policy options available to revive its economy, Anatole Kaletsky, editor-at-large of The Times of London, said as he compared Britain’s response to the latest financial crisis and what Japan did after the collapse of its bubble ...
Six months have passed since the Democratic Party of Japan ousted the long-ruling Liberal Democratic Party from power. But whether there will be a fundamental change to the nation’s political system will depend not just on the lawmakers but on the behavior of voters. ...
C hina can’t expect to sustain double-digit growth in the next decade because the abundant labor that supported its high-flying growth will not exist much longer, an expert on the Chinese economy said at a recent seminar. In the years leading up to 2020, ...
Even as Japan and the United States need deficit-funded stimulus now to stay on the recovery path, sustained large budget deficits will be a long-term problem that undermines their future growth prospects and must be addressed. But how? Tax hikes might be one inevitable ...
The Internet plays an increasingly vital role as a forum of public opinion in China as other forms of media remain under tight Communist Party control, though government restrictions on the Web will likely intensify, experts said at a recent symposium held in Tokyo. ...
Germany’s economy has bottomed out and is set for modest growth in 2010, although unemployment could rise without a quick recovery in the global economy, journalists from the country told a recent symposium in Tokyo. Europe’s largest economy has suffered severely from the global ...
Even though many economies appear to be emerging from recession, the road to recovery is going to be pocked with setbacks and slippages in the coming year, with prospects for future growth clouded by the long-term effects of the global financial crisis, a British ...
Southeast Asian economies hit hard by the global crisis expect to return to positive growth in 2010 as signs of recovery started to emerge in recent months following massive government stimulus measures, veteran journalists from the region told a recent symposium. With demands in ...
The dollar’s continued fall will pose a serious threat to the multilateral trading system, and the absence of a globally viable alternative means the United States bears an enormous responsibility to maintain confidence in the currency, a senior U.S. economist warned at a seminar ...
Japan and the United States need to rethink their relationship and expand their ties from a narrow alliance to a partnership that can deal with a broad range of global challenges, American foreign policy experts said in a recent symposium in Tokyo. President Barack ...
China can probably achieve its goal of 8 percent growth this year, but it won’t be sustainable in the long term if the economy’s overreliance on exports and fixed-asset investments doesn’t end, a prominent Chinese economist recently said at a seminar in Tokyo. With ...