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Is it a sign of a full-fledged economic recovery or a looming catastrophe in the monetary making? Recent spikes in Japan’s long-term interest rate, represented by the 10-year government bond, have created a stir and roused a deep sense of alarm among investors and ...
Tonkatsu is comfort food, gourmand grub — not a gourmet delicacy. So what are those hearty, unpretentious deep-fried breaded pork cutlets doing in an elegant little bar-style restaurant above one of Ginza’s temples to high-end consumption? Katsuzen has come a long way from its ...
Life in Japan just seems tailor-made for certain foreign residents, who slip into the fabric of this society as smoothly as a hand slides into a glove. American Curtis Patterson, a professional koto player and music teacher, is a case in point. Not only ...
Disgusted by corrupt local leaders, an angry miner picks up a shotgun. A migrant worker returning home looks to armed robbery to escape a life of relentless bleakness. A pretty receptionist at a sauna is driven to the limit when a gangster tries to ...
David Beckham, whose curling free kicks, rugged good looks and celebrity marriage made him one of the most famous athletes in the world, is retiring from soccer. Whether striding on the grass, the red carpet or the fashion catwalks, Beckham transcended his sport and ...
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 ...
Japan’s economic prospects are not very bright due to the effects of the 3/11 earthquake and tsunami and the stronger yen. But it is not that the prospects are completely gloomy. The government’s monthly assessment of the economy for April released in mid-April by ...
BRICS is back. The five-nation group that comprises Brazil, Russia, India, China and South Africa held its fourth summit last week, convening in New Delhi to present their collective views on global problems. While their opinions are increasingly relevant given their growing weight and ...
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 ...
The Securities and Exchange Surveillance Commission on March 23 raided the head office of AIJ Investment Advisors Co. over the loss of nearly all the ¥145.8 billion entrusted to it by corporate pension funds. The SESC must do its best to uncover in detail ...
The Democratic Party of Japan has been calling for incorporating irregular workers into kosei nenkin (a pension scheme originally for permanent corporate workers) as a means of helping to stabilize their life. But the plan the government and the DPJ adopted March 13 shows ...
Four years after the onset of the financial crisis — in March 2008 Bear Stearns was rescued from failure — we still lack a clear understanding of the underlying causes. Hundreds of studies and books have given us an increasingly detailed picture of what ...
Since the financial crisis, a shadow has hovered over the U.S. economy: Japan. Could what happened there happen to us? The bursting of Japan’s real estate and stock bubble in the early 1990s has had lasting consequences: a “lost decade” (actually, two) of meager ...
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 ...
Considerable attention has been devoted to the threat seemingly posed by the growth of China’s power and influence. It seems like every week the country is marking some new “first” in its military modernization program, all of which are said to be underwritten by ...
A Japanese father, mother and grownup son were recently reported in the British press to have starved to death rather than face the shame of applying for public relief. Self-reliance and the work ethic are important for economic prosperity and social cohesion, but it ...