| Jan 9, 2010

Bankruptcy would be bitter medicine for JAL

by Kazuaki Nagata

Enterprise Turnaround Initiative Corp. of Japan, a state-backed body tasked with Japan Airlines Corp.’s rehabilitation, is expected to decide within this month whether and how it will save the nation’s largest airline. A major focus is whether the program will be a court-led bankruptcy ...

| Dec 3, 2009

How the monetary easing measure will work

The Bank of Japan plans to pump around ¥10 trillion into the banking system to rein in deflation and the surging yen. Here are some questions and answers about the ramifications: Why has the BOJ introduced the measure? The central bank expects the measure ...

| Oct 29, 2009

Japan Post, with new boss, returning to public roots

by Hiroko Nakata

Bowing to calls to resign, most adamantly by Shizuka Kamei, state minister in charge of postal services, charismatic former banker Yoshifumi Nishikawa officially stepped down Wednesday as president of Japan Post Holdings Co. and was replaced by former Vice Finance Minister Jiro Saito. Experts ...

| Oct 16, 2009

Can Narita, Haneda live in harmony?

by Kazuaki Nagata

Transport minister Seiji Maehara’s controversial proposal floated this week to turn Tokyo’s Haneda airport into a 24-hour international hub caused a firestorm of anger in Chiba Prefecture, where Narita International Airport is a key part of the economy. The plan would mark a huge ...

| Oct 3, 2009

Devil's in the details on debt relief

by Takahiro Fukada

To rescue cash-strapped small firms and households, financial services minister Shizuka Kamei is preparing to submit a bill at the extraordinary Diet session this month that will pressure financial institutions to ease loan conditions for borrowers. The proposed debt moratorium program has sparked opposition ...

List of goods qualified for Eco-points now out

| Jun 20, 2009

List of goods qualified for Eco-points now out

by Kazuaki Nagata

The government revealed a list of products and services Friday that can be exchanged for Eco-points, a type of currency to stimulate consumption and promote use of energy-efficient goods. The campaign is boosting replacement demand at electronics retailers as consumers flock to accumulate Eco-points ...

The debate over government notes

| Feb 6, 2009

The debate over government notes

by Takahiro Fukada

Scholars and Liberal Democratic Party members have been urging the government to print its own money to counter the once-in-a-century crisis buffeting Japan. While advocates claim the measure should at least be considered as an option, senior government and central bank officials are adamantly ...

Postal hotel 'fire sale' draws flak

| Feb 4, 2009

Postal hotel 'fire sale' draws flak

by Kanako Takahara

Orix Corp.’s purchase of 70 Kampo no Yado hotels from Japan Post Holdings Co. for the fire sale price of ¥10.9 billion has been making headlines for the past month and drawing the scorn of internal affairs minister Kunio Hatoyama. The incident seems to ...

| Oct 25, 2008

Lowdown on bank-aid bill

by Kanako Takahara

The credit crunch brought about by the collapse of the U.S. housing market is spreading throughout the world and has begun choking off funding to small and midsize Japanese companies. Fearing the squeeze will accelerate bankruptcies of smaller firms, especially in rural regions, the ...

Aso's team digging for 'buried funds'

| Oct 23, 2008

Aso's team digging for 'buried funds'

by Kanako Takahara

With Prime Minister Taro Aso’s government and ruling coalition lawmakers busy compiling a second economic stimulus package by the end of this month, the latest political catchphrase has become “Kasumigaseki maizokin,” or buried funds in the Kasumigaseki district, the seat of the central government. ...