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July 05, 2025
 

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DEBT

BUSINESS / Economy
Aug 27, 2013
U.S. faces deadline to raise borrowing limit
The United States is set to run out of borrowing authority in mid-October, leaving the government at a high risk of not being able to pay for Social Security checks, military salaries and other operations, the White House said Monday.
Japan Times
WORLD
Aug 12, 2013
Presidents' grand plans fail in Detroit
During the Nixon years, Detroit's business elite laid plans for the glittering Renaissance Center retail and office complex. The Ford and Carter administrations brought the "People Mover," an elevated rail loop around downtown that hardly anybody rides today.
BUSINESS / Economy
Aug 9, 2013
A first: Nation's debt tops ¥1 quadrillion
The national debt exceeded ¥1 quadrillion for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales tax increase to shore up government finances.
BUSINESS
Jul 29, 2013
China orders government debt audit
China will start a nationwide audit of government debt this week as the new Communist Party leadership investigates the threats to growth and the financial system from a record credit boom.
Japan Times
BUSINESS
Jul 26, 2013
Obama wants Congress to just get out of the way
There have been many economy road shows over the past 4½ years, a mix of presidential pageantry and salesmanship to convince the United States and Congress to do more to create jobs and improve future economic prospects.
Japan Times
BUSINESS / FOCUS
Jul 22, 2013
Restructuring wizard sets sights on Detroit
The man who has become the face of Detroit's historic bankruptcy planned to spend his weekend at home in Chevy Chase, Maryland, corralling the ferns that are overgrowing their planters and threatening his garden. Or maybe taking his two young children to the pool.
Japan Times
BUSINESS / FOCUS
Jul 20, 2013
Detroit renews urban policy debate
A national urban policy would not have saved Detroit, but the city's bankruptcy filing Thursday was a vivid reminder of how the problems of America's cities have long ceased to be a focal point of the political debate in presidential campaigns or on Capitol Hill.
BUSINESS
Jul 20, 2013
G-20 vows to prioritize employment, economic growth in short term
The finance chiefs of the Group of 20 major economies pledge to take necessary steps to boost job creation and economic growth as a near-term priority.
BUSINESS
Jul 19, 2013
Detroit files for biggest municipal bankruptcy in American history
Detroit files the largest municipal bankruptcy in U.S. history, marking a new low in a decline that has left the Motor City bleeding revenue and choking city services.
BUSINESS / Economy
Jul 18, 2013
China economy 'unsustainable': IMF
China's economy, fueled by credit and government debt that has increased far faster than official statistics reflect, is heading in an "unsustainable" direction that poses major risks in the years ahead, the International Monetary Fund reported Wednesday.
BUSINESS
Jun 27, 2013
Probe launched after Anglo Irish execs' calls leaked
A former executive at Anglo Irish Bank Corp. said it would be "fantastic" if the state took over the lender, as "we'd all get to keep our jobs" and sang "Deutschland uber alles" as the bank won German deposits, according to tapes of 2008 conversations released last Wednesday.
ASIA PACIFIC / FOCUS
Jun 24, 2013
China's slump puts U.S. economy at risk
Concerns are growing about China's economy as the country's new leadership tries to get a handle on deep problems that experts say have been years in the making.
Japan Times
COMMUNITY / Voices / VIEWS FROM THE STREET
May 21, 2013
Yokohama: What do you think of the prime minister's 'Abenomic' strategy so far?
Businesses are getting better, and at least finance types are strong. But in my business salaries are not going up.
WORLD
May 19, 2013
Obama seeks over $1 trillion in new taxes
President Barack Obama's most recent budget request will reduce borrowing by $1.1 trillion over the next decade compared with current law — almost entirely through higher taxes on the rich, large estates and smokers, congressional budget analysts said Friday.
WORLD
Apr 28, 2013
Air delays get swift action as House OKs funding bill
Sequestration became a reality to the broad public in airports across the the United States this past week, and on Friday both Congress and the White House caved in to pressure from tens of thousands of airline passengers angered by flight delays.
Japan Times
BUSINESS
Apr 24, 2013
Sequestration-linked furloughs spur U.S. airport mayhem
After months of inside-the-Beltway drama, the impact of sequestration cutbacks moved to center stage America on Monday as the aviation system was slowed by the furlough of 1,500 air traffic controllers.
JAPAN
Apr 13, 2013
Yubari posts 'debt clock' ticking off rehab
The city of Yubari, Hokkaido, which declared bankruptcy in March 2007 with debts of ¥35.3 billion, has posted a clock on its website to show the real-time liability balance and amount it has repaid.
Japan Times
WORLD / Politics / FOCUS
Apr 3, 2013
As U.S. wallows in debt, bright ideas to save country billions go to waste
After President Barack Obama set up a national online suggestion box in 2009 asking federal workers for new ways to cut the budget, 86,000 ideas came in. Some, inevitably, were a little odd.
BUSINESS
Mar 27, 2013
Slovenia next in line to face debt woe
As soon as policymakers averted a crisis in Cyprus, another appears to be brewing. The latest country to provoke concern is Slovenia.
BUSINESS
Mar 26, 2013
Cyprus bailout's long-term impact uncertain
European leaders Monday hailed a last-minute bailout for Cyprus as an important step in defending their unified currency, but some officials and analysts questioned whether the deal raised new problems that could still threaten the survival of the euro.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Japan to require flight passengers to keep power banks within sight
The transport ministry has announced new regulations requiring flight passengers to keep power banks within sight to mitigate fire risks while on board planes.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Residents of Tokara Islands begin evacuation as seismic swarm continues
Details about evacuations from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecture, is seen written on a whiteboard in the city of Kagoshima on Thursday.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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