Economy
Fed to start tapering bond purchases this year: Bernanke
The Federal Reserve maintains its $85 billion-a-month asset purchase program, but says it could begin scaling back later this year.
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On July 6, the president of Fuji TV, Ko Toyoda, held a press conference and apologized for a June 9 segment of the variety show “Mecha Mecha Iketeru!” in which a group of celebrities had a drinking contest. Three citizens organizations, including a group ...
Two weeks ago, the Lower House passed a law to increase the consumption tax to 10 percent by 2015, something Prime Minister Yoshihiko Noda has been pushing with blinkered, self-sacrificial dedication. Eventual final passage seems inevitable at this point, and so the only aspect ...
Several weeks ago, U.S. President Barack Obama said that he wants to allow younger undocumented immigrants who came to America as children to stay, and last week the Supreme Court struck down some provisions of Arizona’s controversial law requiring police to check individuals they ...
One of the interesting factoids accompanying the escaped-penguin story that delighted the media for the last three months is that Japan has more penguins in captivity than any other country. Tokyo Sea Life Park, the facility from which the male Humboldt penguin in question ...
Osaka mayor Toru Hashimoto has been compared to Adolf Hitler in the media for his authoritarian governing style, but on a realistic level he seems more like an overbearing boss. The famous tattoo controversy comes down to the notion that, as mayor, he employs ...
Public acts of contrition don’t get any more dramatic than comedian Junichi Komoto’s May 25 press conference, where he apologized for allowing his mother to collect government welfare payments even though he’s made good money himself as a TV personality. Josei Seven, the women’s ...
On the May 12 edition of the TBS current affairs variety show “Newscaster” comedian “Beat” Takeshi Kitano made a joke about homosexual unions during a discussion of U.S. President Barack Obama’s recent comment in support of same-sex marriage. Kitano’s mission as the program’s resident ...
In February, Foreign Minister Koichiro Genba assured the mayor of Iwakuni City and the governor of Yamaguchi Prefecture that Japan would not ask the people they serve to take on “any additional burden” from U.S. forces. Iwakuni already has a Marine Corps air station, ...
Last week, Japan’s fifth largest discount electronics retailer, Bic Camera, announced it would soon obtain a 50 percent share of Japan’s sixth-largest discount electronics retailer, Kojima, thus making the combined companies Japan’s second-largest electronics retailer. Bic operates 34 stores in large cities while Kojima ...
The media likes to report on victims of accidents, disasters and crimes, and while it’s natural to feel sympathy for unfortunate individuals, the only imaginable benefit this sort of coverage provides to viewers and readers is catharsis, which is better served by the popular ...
Democratic Party of Japan kingpin Ichiro Ozawa was acquitted last week of conspiring to file false financial reports for his political group. He can now return full-time to the job he was elected to do, but the sense you get from the mainstream media ...
However one feels about the death penalty, it’s difficult to argue that its application in Japan isn’t arbitrary. Last week, former Justice Minister Hideo Hiraoka publicly denounced his successor Toshio Ogawa’s decision to have three death row inmates hanged on March 29, saying that ...