Editorials Sep 2, 2011

Restructuring power distribution

Japan's 10 power companies have enjoyed regional monopolies under government protection, controlling not only electricity generation but also electricity transmission from power stations to transformer substations and distribution to individual users. This system is coupled with the government-backed price setting mechanism, in which the power ...

Editorials Aug 8, 2011

Taming the yen

The government on Thursday intervened in the foreign exchange market to weaken the yen, which had hovered at near record-high levels against the U.S. dollar. In collaboration with the government, the Bank of Japan promptly took steps to ease the money supply to help ...