Jul 3, 2012

Show restraint over Senkaku Islands

As the 40th anniversary of the establishment of diplomatic ties on between Japan and China on Sept. 29, 1972, draws near, friction between the two neighboring countries is increasing over the Senkaku Islands in the East China Sea. Both sides must refrain from taking ...

Jul 1, 2012

Asia richer than ever — or is it?

Asian millionaires have surpassed North American millionaires for the first time ever, according to a study by Capgemini consultancy and the Royal Bank of Canada. The Asia-Pacific region now has 3.37 million so-called high-net-worth individuals, calculated in terms of the number of people with ...

Jun 20, 2012

Sake makes a comeback

Japanese traditional sake had a resurgence in 2011, with drinkers consuming more than in 2010. After hitting a peak in the mid-1970s, consumption gradually fell to a third. Last year, though, saw a return of enthusiasm for sake as a way of supporting Tohoku, ...

Jun 13, 2012

Signs of a slowdown in China

The People’s Bank of China on June 7 lowered banks’ one-year lending rate by a quarter percentage point to 6.31 percent and one-year deposit rate by the same margin to 3.25 percent — the first full-scale monetary easing by China since a similar move ...

Jun 10, 2012

Exporting 'Japanland'

The government’s Cool Japan strategy of promoting the country abroad has taken another step as the trade ministry plans to recreate trendy districts of Tokyo in cities across the globe. The plan is aimed at promoting Japan and encouraging exports by organizing areas for ...

Jun 5, 2012

The Houla massacre

The situation in Syria continues to worsen. While accurate information is difficult to acquire, all indications are that the country hovers on the brink of a civil war. The most recent atrocity is a massacre in the town of Houla that left at least ...

May 19, 2012

Few strong performers in 2011

Listed major companies are announcing their business performance for fiscal 2011. As a whole, they are expected to show the first decrease in recurring profits in three years, mainly due to the effects of the 3/11 disasters, floods in Thailand, the strong yen and ...

May 17, 2012

Argentina's old-school economics

Resource nationalism was supposed to be a throwback, a discredited school of economics that failed the governments that embraced it. Apparently, Argentine President Christina Fernandez de Kirchner never got the memo. Instead, she decided in mid-April to seize a majority stake in one of ...

May 16, 2012

Shaky resolve on North Korea

The leaders of Japan, China and South Korea, meeting in Beijing on Sunday, agreed to strengthen cooperation toward preventing a nuclear explosion test by North Korea and to launch talks this year on a trilateral free trade deal. But their joint statement, issued one ...

May 15, 2012

Okinawans deserve better

Forty years have passed since Okinawa reverted to Japanese rule on May 15, 1972, after 27 years’ of occupation by the United States following the end of World War II. Polls show that about 80 percent of Okinawans regard the restoration of Japanese rule ...