Subaru's hometown transformed by foreign workers

Jul 29, 2015

Subaru's hometown transformed by foreign workers

Afghan children studying at a madrassa, Catholic mass in seven languages, workers from over sixty countries. It’s not New York, but Ota, a town north of Tokyo with an economy powered by Japanese automaker Subaru. It’s here that Subaru’s parent company, Fuji Heavy Industries ...

Jul 28, 2015

Stepping up the war on poverty

The emphasis on Japan's national interests in aid policy raises doubts if the nation can make meaningful contributions to eradicating poverty in the recipient countries.

Jul 16, 2015

World leaders strike deal on financing development

Rich and poor countries agreed on Thursday to overhaul global finance for development, unlocking money for an ambitious agenda to end extreme poverty, protect the environment and improve economic opportunity by 2030. The United Nations announced the deal on its website, capping three days ...

Britain cuts spending in new austerity drive

Jul 9, 2015

Britain cuts spending in new austerity drive

Britain’s finance minister, George Osborne, unveiled fresh austerity measures Wednesday to slash debt, evoking the plight of crisis-hit Greece in the first purely Conservative budget in almost two decades. Osborne drastically cut welfare spending to honor campaign promises to forge ahead with austerity after ...

Jul 7, 2015

Poor EU nations take hard-line on Greece

The eurozone’s poorer former communist nations, having themselves endured painful reforms and austerity programs, are taking a hard line on Greece after its people voted to reject creditors’ bailout terms. Estonia, Latvia, Lithuania and Slovakia have long insisted they are too poor to pay ...

Jul 2, 2015

Record 62% of households in Japan face financial hardship

The proportion of households facing financial difficulties in Japan hit a record high of 62.4 percent as of July 2014, a Health, Labor and Welfare Ministry survey showed Thursday. The result partly reflects the consumption tax hike from 5 percent to 8 percent in ...