Jul 2, 2012

Commitment that failed to come

The U.N. Conference on Sustainable Development, or Rio+20, was held in Rio de Janeiro on June 20-22 as a follow up to the 1992 U.N. Conference on Environment and Development (Earth Summit), also held in the Brazilian city. Since 1992, the Convention on Biological ...

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 24, 2012

Law school enrollment blues

Recruitment failed to meet enrollment goals at 63 of Japan’s 73 law schools in 2011. The number of students enrolled was less than half the quota at 35 law schools, compared with only 14 under-filled schools last year. Twenty law schools had fewer than ...

Jun 22, 2012

Heed sentiment on Osprey

The government is trying to persuade local governments concerned in Okinawa and Honshu to accept a U.S. plan to station 24 MV-22 Osprey tilt-rotor aircraft at U.S. Marine Corps Air Station Futenma in Ginowan, Okinawa Prefecture, to replace the same number of CH-46 Sea ...

Jun 18, 2012

Dousing the Flame

Reports of a new computer virus, dubbed “Flame,” have raised alarms about a new era of cyber threats. While countries are increasingly reliant on cyberspace for their very survival — it is now part of the social, economic and security infrastructure — it remains ...

Jun 15, 2012

Direct yen-yuan trade

On June 1, new currency markets opened in Tokyo and Shanghai for direct trading between the Japanese yen and the Chinese yuan. The direct trading of the two currencies has been motivated largely by the instability of the main currencies such as the U.S. ...

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 9, 2012

Disappointing Baghdad talks

The most recent round of nuclear negotiations with Iran began with optimism. The previous round of talks appeared to make headway and there was hope that a breakthrough could be achieved when the seven parties — the five permanent members of the United Nations ...

Jun 8, 2012

Lessons from the Battle of Midway

Seventy years have passed since the Imperial Japanese Navy was severely battered by the U.S. Navy in the Battle of Midway on June 4-7, 1942. With the loss of four fleet aircraft carriers, many aircraft and its most experienced air crews, Japan lost its ...

Jun 6, 2012

Cabinet reshuffle for convenience

Prime Minister Yoshihiko Noda reshuffled his Cabinet Monday — the second in nine months. His aim is clear: removing obstacles — Defense Minister Naoki Tanaka and infrastructure and transport minister Takeshi Maeda — to facilitate negotiations with the opposition Liberal Democratic Party and Komeito ...