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The head of an official inquiry into the deadly collapse of a Bangladesh factory complex said the building’s owner was the “main culprit” for the disaster because he violated construction codes. The cave-in of the eight-story Rana Plaza outside the capital last month killed ...
Throughout most of Japan, June is the rainy season. While all that rainfall is great for rice paddies so that we can have delicious new harvest rice in the fall, it makes it a rather dull month for seasonal produce: The summer’s bounty of ...
“I was stopped by two men in a government-registered vehicle, blindfolded and dragged off the street. They took me away to a house in a place I did not know. I was forced into a room with blood all over the walls and floor, ...
Claude Regy says the team at the Shizuoka Performing Arts Center (SPAC) threw him the “best birthday party ever” when he arrived in Japan just days after the actual May 1 occasion. The 90-year-old French director is hoping for an even better birthday gift, ...
As far as debuts go, Shohei Otani's delivered. The celebrated rookie pitched fairly well on Thursday night, and though he finished outside the decision, he left the mound with the Hokkaido Nippon Ham Fighters well within striking distance of the Tokyo Yakult Swallows.
JPMorgan Chase recently posted $2 billion in trading losses. Mr. Jaimie Dimon, JPMorgan Chase chief executive and a man considered one of the savviest bankers in the world, has dismissed the losses as “a tempest in a teapot.” Given the scale of his bank’s ...
The Bank of Japan on Friday announced that it will boost the size of its asset purchase program by ¥5 trillion. The decision follows an earlier decision in February to add ¥10 trillion to the program. As a result, the total size of the ...
The Lower House on Thursday passed a bill to revise the privatization scheme of the Japan Post group. The bill was jointly submitted to the Diet on April 3 by the Democratic Party of Japan, the Liberal Democratic Party and Komeito. It represents a ...
The Bank of Japan’s tankan survey of business sentiment in March, whose results were released Monday, shows that major manufacturers are cautious about their business prospects. Their diffusion index (DI) for March — the percentage of firms optimistic about their business outlook minus the ...
U.S. President Barack Obama has named Dr. Jim Yong Kim as his nominee to lead the World Bank. In the past, that would have been the end of the process — Washington spoke and the bank complied. It is still probable that Mr. Kim ...
The scandal over the repellent way the World Bank president is appointed has obscured an equally scandalous situation: the appointment process of the rest of the senior managers at the bank and the International Monetary Fund. They too are selected through opaque, quota-driven negotiations ...
When India selected 126 French Rafale fighter aircraft (£13 billion) over the U.K.-manufactured Typhoon involving a consortium of European countries, some British politicians and commentators demanded that aid to “ungrateful” India, a fast-rising economic power, be stopped. The press dredged up Finance Minister Pranab ...
Can the United States and the European Union apply sanctions on Iran to curb its nuclear program without boosting oil prices and undermining economies in Asia as well as the West? The answer is particularly critical for Asia because it is has to bear ...
The Bank of Japan announced a record ¥84 trillion was left undeposited at yearend. The total amount of cash kept at home or in offices, rather than deposited in banks, is up 2 percent from last year. This amount of cash reflects the cautious ...