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 2, 2012

Lightening the load on businesses

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 ...

May 1, 2012

Slow but steady economic recovery

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 ...

Apr 29, 2012

Preparing elevators for the Big One

No one wants to get stuck in an elevator, but with the possibility looming of a major earthquake in the Kanto area, the government has at last begun to pay attention to the safety of elevators. The land and infrastructure ministry announced it is ...

Apr 19, 2012

New worst-case scenario

A panel of the Cabinet Office announced late last month that if a megaquake occurs in the Nankai Trough, a tsunami higher than 20 meters may hit 23 municipalities in six prefectures stretching from Kanto to Shikoku on Japan’s Pacific side. The prediction represents ...

Apr 18, 2012

A critical role for the Shin-Tomei

The first section of the Shin-Tomei Expressway opened on April 14 in Shizuoka Prefecture, a 162-km stretch between Gotenba and Mikkabi junctions. The expressway will eventually link Tokyo and Nagoya when it is completed in 2020. The Shin Tomei runs through areas that are ...

Apr 11, 2012

Disasters impact land prices

For the fourth consecutive year, Japan’s land prices have fallen. Prices decreased an average 2.6 percent in 2011, but the decline was smaller than the 3.0 percent in 2010 as the economy bounced back from the 3/11 disasters. Commercial land prices slipped 3.1 percent ...

Apr 8, 2012

Orangutans in danger

The word “orangutan” comes from the Malay and Indonesian words meaning “person of the forest.” Unfortunately, soon there may be no forest and no “person,” either. The encroachment of palm oil companies into orangutans’ natural habitat and the illicit trade in baby orangutans have ...

Apr 2, 2012

Lawmakers' pay cut for what?

The Democratic Party of Japan has proposed cutting Diet members’ salaries by ¥3 million annually in fiscal 2012 and 2013. The proposal came after the Diet enacted a special law to cut the wages for national public servants by an average of about 7.8 ...

Mar 28, 2012

Challenges for electronics makers

Electronics makers, which served as a crucial engine of the Japanese economy during the period of high growth, are now experiencing difficult times. Certainly they suffered greatly from external factors such as the 3/11 disasters, the floods in Thailand and the strong yen. But ...

| Mar 26, 2012

Tapping into oceanic energy

The serious physical damage caused by the Fukushima No. 1 nuclear power plant disaster, following the 3/11 earthquake and tsunami, has reminded Japan all the more of its acute shortage of natural energy sources and the need for developing alternative sources. This has led ...

Mar 25, 2012

Living alone in Tokyo

Tokyo is a lonelier place than ever. According to a recent report by the Tokyo Metropolitan Government, more people live alone in Tokyo than ever before. This year, the number of people per household in Tokyo fell below two per household to 1.99 for ...