The key factor that has led Beijing to create the Asia Infrastructure Investment Bank is the belief that creating new demand abroad is the only way to avoid a simultaneous collapse of local governments and state corporations.
Until now, Japan's power industry and the government have emphasized the lower energy costs from having nuclear plants generate the nation's electricity. And until now, consumers and business circles have bought into that myth.
Successive resignations of two female Cabinet members dealt a blow to the administration of Prime Minister Shinzo Abe. But should the opposition camp be credited for its attack that forced them to step down or did the administration manage to minimize the impact by ...
Critics of the World Health Organization say its inability to fight Ebola thus far can be traced not only to its own organizational problems but also to its "collusive relations" with the pharmaceutical industry.
A major battle appears to be brewing between the office of Prime Minister Shinzo Abe and the Finance Ministry — the most powerful bureaucracy in Japan — over whether to raise the consumption tax from the current 8 percent to 10 percent next fall.
Ever since the Cabinet Office released preliminary figures last month that showed an annualized 6.8 percent decline in first-quarter GDP, a war of nerves has flared up between the prime minister's office and the Finance Ministry. The next consumption tax hike could be delayed.
Prime Minister Shinzo Abe appears to be approaching a roadblock this fall in the form of defeat in the Okinawa gubernatorial election, possible chaos over the relocation of Futenma air station and mounting sentiment throughout Japan against U.S. military bases.