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COMMENTARY
Mar 20, 2008

Brace for the Arctic oil rush

LONDON — For decades the world's major oil companies and their engineering experts have been eyeing the Arctic region and wondering how to get at the oil and gas deposits that are said to lie, in almost legendary quantities, beneath the vast expanses of ice. With the price of crude oil now well above...
JAPAN
Mar 20, 2008

Fukuda's coalition finds itself trapped

Prime Minister Yasuo Fukuda is stuck.
JAPAN
Mar 19, 2008

DPJ set to snub latest pick for BOJ chief

The Democratic Party of Japan said Tuesday evening that it will reject the government's latest nominee to replace Bank of Japan Gov. Toshihiko Fukui, virtually ensuring the post of central bank chief will go unfilled when Fukui's five-year term ends Wednesday.
Japan Times
BUSINESS
Mar 18, 2008

Dollar plummets to near 13-year low against yen

The dollar nosedived below ¥96.00 Monday for the first time in nearly 13 years as fears of a U.S. financial industry meltdown persist amid America's festering subprime mortgage loan crisis.
EDITORIALS
Mar 15, 2008

Mr. Abdullah is battered

Malaysia's ruling coalition was stunned in elections last weekend. Prime Minister Abdullah Ahmad Badawi and his National Front (Barisan Nasional) lost the two-thirds majority in Parliament that they have held for nearly four decades. As the government tries to regroup, Malaysia appears headed toward...
JAPAN
Mar 14, 2008

Chamber again votes for Muto as row festers

The Lower House on Thursday approved the Liberal Democratic Party-New Komeito ruling bloc government's nomination of Toshiro Muto as new Bank of Japan governor, resulting in a split decision after the opposition-controlled upper chamber rejected him just a day earlier.
JAPAN
Mar 13, 2008

Upper House rejects Muto

The Bank of Japan is a week away from a vacuum at the top as the opposition-controlled Upper House on Wednesday voted down the government's bid to replace BOJ Gov. Toshihiko Fukui with his deputy of five years, Toshiro Muto.
JAPAN
Mar 11, 2008

Fukuda firm: Muto is the 'best' choice for BOJ governor

Prime Minister Yasuo Fukuda said Monday he has no intention of proposing another candidate as governor of the Bank of Japan, even though the opposition camp is mulling whether to reject his original nomination of Toshiro Muto.
BUSINESS
Mar 11, 2008

Merchant confidence stayed low in February

Japanese merchant sentiments held near a six-year low in February as soaring oil and food prices sapped consumer spending power, the government said Monday.
BUSINESS
Mar 8, 2008

Muto nominated as BOJ chief; DPJ unsure

With Bank of Japan Gov. Toshihiko Fukui's term expiring in 11 days, the government and ruling bloc on Friday finally nominated one of his deputies, Toshiro Muto, to replace him at the central bank.
EDITORIALS
Mar 7, 2008

Violence on the high seas

Antiwhaling activists of the Sea Shepherd group hurled more than two dozen bottles containing a liquid and more than 100 envelopes containing a white powder onto the whaling factory ship Nisshin Maru off Antarctica on Monday. A crew member of the ship and two Japan Coast Guard officers suffered eye injuries...
BUSINESS
Mar 7, 2008

Leading index signals slower economic growth

The economy is set to slow, the government's broadest indicator of future growth showed Thursday.
COMMENTARY
Mar 5, 2008

Sovereign funds rescue West

LONDON — Ten years ago some commentators, including myself, were forecasting that the age of Westernization was over and that the age of Easternization was about to begin. Capital and technology that had flowed from the West to the East for several centuries past was now about to start flowing the...
JAPAN
Mar 5, 2008

MSDF withdraws ships from fishermen search

The Maritime Self-Defense Force on Tuesday recalled its warships from the search for the missing father and son whose fishing boat was run over by a destroyer last month.
BUSINESS
Mar 5, 2008

Worried about yen, Toyota to boost output abroad

GENEVA (Kyodo) Katsuaki Watanabe, president of Toyota Motor Corp., says the carmaker is feeling the pinch from the yen's spike against the dollar and will move more manufacturing offshore to minimize the adverse effects.
Japan Times
JAPAN / EXPLAINER
Mar 4, 2008

Politics in game of never-ending musical chairs

A nearly unbroken line of Liberal Democratic Party politicians has headed the government since the party's 1955 formation. This dominance, however, was shaken by the stunning victory of the Democratic Party of Japan in the July 2007 House of Councilors election. In this reshaped political landscape,...

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past