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BUSINESS
Mar 27, 2010

Deflation hits 12th month

Consumer prices fell for a 12th month in February, adding pressure on the central bank to eradicate deflation that is hampering the economic recovery.
COMMENTARY / World
Mar 26, 2010

Nationality is no way to select IMF leader

BERKELEY, Calif. — The International Monetary Fund, many say, has had a good crisis. As recently as three years ago, many observers thought that the Fund had outlived its usefulness and should be closed down. Since then, it has intervened in Hungary, Latvia, Iceland and Ukraine, among other crisis-stricken...
EDITORIALS
Mar 21, 2010

Trouble in the workers' paradise

The reported execution of a ranking North Korean economic official is a reminder of the high personal price that can be paid for policy failures in that country. The official may be a scapegoat, but the sentence is a sign of the Pyongyang leadership's concern about the toll that a botched currency reform...
LIFE / WEEK 3
Mar 21, 2010

Moves afoot to make Japanese holidays a pleasure not a pain

It's a seasonal phenomenon in Japan: lines of cars 40-km long and more clogging expressways; super- jammed shinkansen terminals and airports; and hot-spring resorts besieged by visitors crammed cheek to cheek in the steaming baths, imo-arai-style (literally, "washing potatoes in a bucket").
BUSINESS
Mar 20, 2010

Global retailers may 'welcome' shift to thrift: McKinsey

Consumers' newfound propensity to shop for discounts and shun luxury goods marks a sea change that may boost foreign retailers in Japan, according to McKinsey & Co.
JAPAN / GOVERNMENT DEBT CRISIS
Mar 19, 2010

Bubble prophet fears new disaster

Prominent economist Yukio Noguchi is one of the few who correctly predicted the collapse of Japan's bubble economy in 1987, warning the preceding euphoria was based on a major distortion in land prices.
COMMENTARY / World
Mar 18, 2010

Wishful thinking fuels Kremlin's temptation

PARIS — What is the significance of France's recent sale of four powerful Mistral-class landing assault ships to Russia? Was it business as usual or an irresponsible move contributing to a dangerous shift in the balance of power in the Baltic and Black Seas?
Japan Times
BUSINESS
Mar 17, 2010

Kan to BOJ: work with us to curb deflation

Finance Minister Naoto Kan repeated a plea for the Bank of Japan to work with the government on reversing a decline in prices that threatens the economic recovery.
EDITORIALS
Mar 14, 2010

Back to the fast-breeder path

The Nuclear Safety Commission on Feb. 22 gave the go-ahead to starting the test run of the prototype fast-breeder reactor (FBR) Monju in Tsuruga, Fukui Prefecture. If the prefectural and municipal governments give their consent, the test run should begin by the end of March at the earliest.
COMMENTARY / World
Mar 10, 2010

IMF flunks good governance

HONG KONG — On Feb. 26, International Monetary Fund managing director Dominique Strauss-Kahn put forward a bold-sketch map for what he called "an IMF for the 21st century," but in the very same week he and two key members of the fund, China and Japan, flunked the most important test for the future...
COMMENTARY / World
Mar 3, 2010

Iran's 'mullahnomics' is failing

ISTANBUL — As the standoff between Iran's government and opposition continues, one factor that may determine the outcome, but which is rarely discussed, is the rickety state of the Iranian economy. Will its sclerotic performance ultimately turn out to be what tips the balance?
COMMENTARY / World
Feb 24, 2010

The IMF to Greece's rescue?

WASHINGTON — Traditionally "you should go to the IMF" was not something you would say to friendly neighbors and close allies. Over the past few decades, the International Monetary Fund became associated with excessive fiscal austerity, extreme political insensitivity, and — since the Asian financial...
EDITORIALS
Feb 20, 2010

The battle to save the euro

The European Union is facing one of the worst economic crises of its life. The immediate trigger is Greece, which has been living well beyond its means. As the prospect of a default looms, the Athens government has pledged to embrace austerity measures, but public resistance is high. The Greek government...
COMMENTARY / World
Feb 17, 2010

Stop turning cheap food into expensive fuel

LONDON — U.S. Department of Agriculture figures reveal that a quarter of U.S. cereals grown in 2009 went to biofuel, turning cheap food into expensive fuel. This pushes up food prices and damages the environment, yet President Barack Obama promised "continued investment in advanced biofuels" in his...

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji