Polarizing Abe learns the long game

| Aug 22, 2014

Polarizing Abe learns the long game

Shinzo Abe is one of Japan’s most polarizing prime ministers in decades. He may also have a good shot at becoming that rarity in Japanese politics — a long-serving leader. Whether that proves to be the case depends on whether Abe, who surged back ...

Top retailers reach crossroads in labor shortage shakeout

Jun 5, 2014

Top retailers reach crossroads in labor shortage shakeout

Don Quijote and Uniqlo, two of the nation’s best-known mass-market retailers, aren’t waiting for the government’s new growth policies due later this month before implementing their own labor reforms. While many labor-intensive businesses face a shortage of low-wage workers as Japan’s economy perks up, ...

BOJ repeating history, board exec from 2000 warns

Aug 5, 2006

BOJ repeating history, board exec from 2000 warns

When the Bank of Japan ended its “zero-interest-rate” policy at its two-day Policy Board meeting last month, Nobuyuki Nakahara recalled the last time the central bank made the same move, when he was a board member in August 2000. Nakahara was one of two ...

Commentator advises savers to stay cautious

Aug 5, 2006

Commentator advises savers to stay cautious

With the Bank of Japan lifting its nearly six-year-old “zero-interest-rate policy,” the days of rock-bottom interest rates are finally over. But ordinary savers should stick to cash rather than chasing after high-risk investments, says popular economic journalist Hiroko Ogiwara. Ogiwara advises people to avoid ...

BOJ terminates zero-rate policy

Jul 15, 2006

BOJ terminates zero-rate policy

The Bank of Japan ended nearly six years of rock-bottom interest rates Friday, abandoning its “zero-interest-rate policy” and hiking the unsecured overnight call rate to 0.25 percent on the strength of Japan’s steadily improving economy. Indicating victory in the central bank’s prolonged battle with ...

Jun 28, 2006

Pension system bugbear only got band-aid fix

Five years was not enough time for Prime Minister Junichiro Koizumi to overhaul the nation’s ailing pension system. Koizumi, who steps down in September, must be content with a 2004 stopgap reform aimed at preventing further deterioration of pension finances. Now, whoever takes over ...

Jun 17, 2006

Fukui may have made millions off Murakami investment

Bank of Japan Gov. Toshihiko Fukui revealed Friday he may have earned several million yen a year from his investment in a fund set up by now-arrested financier Yoshiaki Murakami. Speaking before the Diet, the BOJ chief repeatedly declined to provide details about the ...

Regional WEF meeting opens

Jun 16, 2006

Regional WEF meeting opens

About 300 global leaders from business, government and academia gathered Thursday in Tokyo to kick off a two-day meeting of the World Economic Forum on East Asia to discuss development and the environment as well as regional economic integration. It is the first time ...

Murakami fund to sell Hanshin stake to Hankyu

Jun 6, 2006

Murakami fund to sell Hanshin stake to Hankyu

The investment fund led by Yoshiaki Murakami announced Monday that it is selling its shares in Hanshin Electric Railway Co., paving the way for Hankyu Holdings Inc.’s takeover bid for Hanshin. Murakami, speaking at a televised news conference at the Tokyo Stock Exchange, said ...

Jun 3, 2006

Hankyu's tender stays on course

Hankyu Holdings Inc. President Kazuo Sumi on Friday ruled out the possibility of his firm changing its public tender offer for Hanshin Electric Railway Co. shares and said it would no longer negotiate with Murakami fund, the top Hanshin shareholder, on the issue. Sumi ...