The central government must exert control over the regions to push through regulatory reforms needed for economic revival, said the head of a council on special economic zones. "Things will turn really bad when you just rely on local governments," Tatsuo Hatta, 72, said in ...
Only by addressing the weakening of investment-led growth, bureacratic inefficiencies and worsening pollution, and then shifting to an innovation-based, environmentally sustainable growth model, can China continue to prosper and ultimately achieve high-income status.
Xi's effort to root out corruption has empowered both the party and the reformers. The question is how far they will take their reform ambitions.
When Evernote Corp. CEO Phil Libin visited Tokyo's Shinagawa Joshi Gakuin in May, the combined junior and senior high school for girls came under the media spotlight — not only because it was unusual for a successful Silicon Valley entrepreneur to visit a girls' ...
A law to transform how the world's biggest pension fund is run can wait and may even be shelved, said a ruling party official, contradicting his deputy policy chief who called it the top priority. Prime Minister Shinzo Abe's team can achieve adjustments at the ...
If Chinese leader Xi Jinping is serious about enacting reforms, he should implement political and judiciary changes designed to strip the party of its privilege and firmly establish the rule of law.
China will allow a batch of three to five banks funded by private investment this year to operate under a trial as part of the country's financial reforms, according to the China Banking Regulatory Commission. China will guide private investment to participate in the restructuring ...
National university exams are notorious for their emphasis on book learning. Once a year, examinees throng test sites, doing their best to regurgitate heaps of facts in the hopes of getting into the university of their choice. Once done, however, the pressure to study is off. ...
China remains a colossus, but its future is increasingly clouded.
In light of the Fukushima nuclear crisis, the Diet enacts a law to begin a drastic, three-stage reform of the electricity sector that will free up the regionally monopolized supply system.
Indecision is a much-criticized feature of Japanese politics. Diet sessions are rife with unproductive wrangling as the ruling and opposition camps dispute the timing of the submission of bills while avoiding constructive discussions on them. Making matters worse, because the Constitution stipulates that Cabinet members ...
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. In one of its sharpest critiques of the ...
