Mar 10, 2006

BOJ lifts ultraloose policy

The Bank of Japan on Thursday ended its five-year-old ultraloose monetary policy, brushing aside concerns in the Cabinet and the ruling coalition that the nation has not yet overcome years of deflation. In announcing the policy shift, the central bank also pledged to anchor ...

Mar 4, 2006

CPI registers third increase in a row

In a move expected to push the Bank of Japan to start specific debate on ending its ultraeasy monetary policy next week, the government said Friday the January core consumer price index rose 0.5 percent from a year before, marking the third consecutive year-on-year ...

Feb 21, 2006

Takebe may file slander suit over e-mail allegation

Liberal Democratic Party Secretary General Tsutomu Takebe refused Monday to rule out the possibility of suing Hisayasu Nagata, a lawmaker from the Democratic Party of Japan, over his allegation that Takebe’s second son had shady financial connections with jailed Livedoor Co. founder Takafumi Horie. ...

Jan 26, 2006

LDP, DPJ both red-faced for wooing Horie

A war of words erupted between senior officials of the Liberal Democratic Party and the Democratic Party of Japan over both parties’ wooing of now-arrested Livedoor Co. founder Takafumi Horie to run in the Sept. 11 general election. The exchange was triggered Tuesday when ...

Jan 26, 2006

Koizumi not backing down on Yasukuni

Prime Minister Junichiro Koizumi again attempted Wednesday to justify his repeated trips to Tokyo’s Yasukuni Shrine by noting that China and South Korea are the only countries that denounce the visits. Koizumi’s remark was in response to a question posed by Democratic Party of ...

Jan 25, 2006

Arrest of 'son' has LDP eating crow

The arrest of Livedoor Co. founder Takafumi Horie has rocked the ruling Liberal Democratic Party, which had unofficially supported the 33-year-old Internet tycoon in the Sept. 11 general election as a standard-bearer in Prime Minister Junichiro Koizumi’s reform drive. On Tuesday, LDP Secretary General ...

LDP wants public keyed to fall party race

Jan 19, 2006

LDP wants public keyed to fall party race

The Liberal Democratic Party said Wednesday it is aiming to raise public interest in its fall leadership race to choose a successor to Prime Minister Junichiro Koizumi. The pledge is part of the LDP’s 2006 policy paper “Accelerating Reform,” adopted at its annual convention ...

Solo savior on the streets

| Jan 15, 2006

Solo savior on the streets

For the past 14 years, former high-school teacher Osamu Mizutani has had no rest as he has devoted himself to helping troubled youths put their lives back in order. Widely known as yomawari sensei (the night guard-teacher) for his nightly patrols to encourage kids ...

Jan 4, 2006

Income disparities rising in Japan

During the period of high postwar economic growth, most people in Japan came to consider themselves part of a middle class. With the burst of the economic bubble in the early 1990s and increasing globalization, however, that belief has been shaken as an increasing ...

Is hiking taxes the solution to Japan's fiscal mess?

Dec 31, 2005

Is hiking taxes the solution to Japan's fiscal mess?

The nation has no choice but to make salaried workers pay more taxes to put its finances in order. This infamous remark, uttered in June by Tax Commission chief Hiromitsu Ishi, angered a public that has been forced to cut back on daily living ...