Japan's Secret Garden For at least 2,000 years, the wildlife and people living around Japan's Lake Biwa have lived in a harmonious balance.
2009
Wednesday 01 July 2009 Business mood improves in Japan
Business confidence in Japan has improved for the first time in two-and-a-half years, says a key Bank of Japan survey.
Friday 12 June 2009 Japan stocks close above 10,000
The Nikkei closes above 10,000 points for the first time in eight months, amid rising optimism about a global recovery
Wednesday 27 May 2009 Surprise trade surplus for Japan
Japan's export slump eases in April, leading to an unexpected trade surplus for the world's second largest economy.
Thursday 21 May 2009
Japan’s GDP shrank by 4% in the first quarter compared with the last three months of 2008, equivalent to a fall of 15.2% on an annualised basis. As with other East Asian economies, Japan has seen demand for its exports slump. Its consumer-electronics companies recently reported a dire set of annual earnings. See article
Wednesday 20 May 2009 Japan's economy in record plunge
Japan's economy in the first three months of 2009 shrinks at its quickest pace since records began, as exports slump.
Monday 18 May 2009 Japan is taking more precautions to prevent the spread of the H1N1 flu virus as more human cases were confirmed on Sunday. Almost one hundred new cases were reported, and there are fears that hundreds more might be infected. Most of the infections were reported among high school and college students in the western cities of Kobe and Osaka. Local authorities ordered more than 1,000 schools and kindergartens to stay shut on Monday. On Friday, four people tested positive when they flew in from North America. They were quarantined along with about 50 fellow passengers. As of Sunday, the H1N1 virus had sickened 8,480 people in 39 countries, killing 75 of them, mostly in Mexico.
Friday 15 May 2009 OTTAWA: JAPAN, CANADA IN MILITARY ACCORD
Canada and Japan have signed an agreement to allow Canadian military aircraft carrying humanitarian aid to Asia to use Japanese airstrips. The agreement was signed in Tokyo by Canadian Foreign Minister Lawrence Cannon, who arrived after a visit to China, and his Japanese counterpart, Hirofumi Nakasone. The ministers' statement says that the accord "...widens Canada-Japan co-operation in Asia Pacific." Canada has faced logistical problems in getting humanitarian aid to Asia in moments of crisis. Such a moment occurred in 2008 when cyclone Nargis struck Burma, killing 138,000 people.
Monday 11 May 2009
Japanese politics Destroyer at work Japan’s opposition leader resigns, provoking yet more political uncertainty ICHIRO OZAWA has long been known as “The Destroyer”, less for his treatment of political opponents and more for his capacity to demolish his own side. As leader of the main opposition party, the Democratic Party of Japan (DPJ), he was recently on track to crush the ruling Liberal Democratic Party (LDP) in a general election that must be called by September.
Instead, on Monday May 11th, he bowed to public pressure and resigned as DPJ chairman. He had been a long time in going. Mr Ozawa had tried desperately to stay on as party leader after a fundraising scandal that erupted in March in which his political secretary was accused by Tokyo prosecutors of accepting some ¥35m ($354,000) in slush money from a construction firm.
Sunday 10 May 2009 The country has its three first cases of confirmed A H1N1 influenza. Two students and a teacher arriving on a flight from Detroit were detected with the virus while still on the plane before it arrived at Narita International Airport in Tokyo. They were among a group of 30 students who had taken part in various programs at a high school in Oakville, ON, near Toronto for two weeks starting on April 24. The three cases are the first confirmed A H1N1 after dozens of suspected cases earlier had turned out to be seasonal flu patients.
Thursday 30 April 2009 Japan in surprise economy boost
Industrial output in Japan rose in March for the first time in six months, according to official government figures. Production rose by 1.6% in March compared with February, after months of dramatic decline.
Wednesday 22 April 2009 Japan reports rare trade deficit
Japan reports its first annual trade deficit in 28 years, following a sharp drop in exports amid the global economic downturn.
Saturday 18 April 2009 An international donors' conference in Tokyo for Pakistan has concluded successfully, with donors offering more than $5 billion in new aid over two years. The money is to be used for health, education, governance and building democracy. The World Bank, co-host of the conference with Japan, says the funds must be used to help the poor and to increase productivity to induce higher economic growth. The World Bank also says the Pakistani authorities must boost revenues from taxes. The concluding statement of the conference notes that growing concern on the part of the participants concerning Pakistan's internal security situation.
Saturday 11 April 2009 Japan PM unveils $150bn stimulus
Japan's prime minister formally unveils a record $150bn (£105bn) stimulus package to revive the country's ailing economy. more
Friday 10 April 2009 OTTAWA: CANADA GAINS NEW LANDING RIGHTS IN JAPAN
Canadian airlines will soon be able to land at more airports in Japan. Granting access to all Japanese airports outside Tokyo is part of a new air services deal that Canada's international trade minister, Mr. Day, announced on Thursday. Mr. Day is in Japan for wide-ranging trade talks. Canadian exports to Japan last year were $11 billion, an increase of 20 per cent over the previous year. Mr. Day also announced that he'll dispute South Korea's ban on Canadian beef imports at the World Trade Organization. Many countries imposed a similar ban after a few Canadian cows were found to have mad cow disease in 2003. All bans except South Korea's were later lifted. Mr. Day travels next to China, where over the next week he'll announce the opening of six new Canadian trade offices in various parts of the country.
Thursday 09 April 2009 Japan shares up on stimulus plan
Japanese shares rise as investors react to details of an economic stimulus plan the government is expected to pass.
Monday 06 April 2009 Japan in 10 trillion yen stimulus
The Japanese government announces another major stimulus plan as it tackles its worst recession since World War II.
Sunday 05 April 2009 Japan's government says that it made a mistake when it announced that North Korea had launched a rocket early on Saturday. In an apology for disturbing the Japanese people, defence minister Yasukazu Hamada said that the announcement was a mistake by his ministry. The mistake was the latest in a series of government mishaps that have lowered public support for Prime Minister Taro Aso. But Japan and other nations such as the United States continue to urge North Korea to stop any plans to launch a rocket. North Korea says that it will launch a communications satellite during the first week of April. Foreign nations suspect that the launch is really a test of a rocket capable of carrying nuclear weapons.
Friday 03 April 2009 North Korea has threatened to attack major targets in Japan if that country attempts to shoot down a satellite it intends to launch. Japan, South Korea and the U.S. see the North's plan to launch a communications satellite early this month as a disguised test of a long-range ballistic missile, which North Korea denies. Japan has said it will try to bring down the rocket if it starts falling into Japanese territory.
Sunday 15 March 2009 Two Japanese navy destroyers have set off on Japan's first overseas policing action since the Second World War. The warships will join an international anti-piracy mission off the coast of Somalia. The mission has raised criticism from Japan's opposition parties who warn that the ships could be pressed into combat or into protecting foreign ships. But the government says that the mission resembles a crime-fighting operation more than a military one and so does not violate Japan's pacifist constitution.
27 Feb 2009 Japan's industrial output plunges
Japan's industrial production falls by a record 10% in January - the biggest monthly drop in more than 50 years.. Japan's economy is suffering because of falling demand for its products abroad.
Thursday 26 February 2009 The Japan Fallacy
The financial crisis of 2008 need not usher in a replay of Japan's "lost decade" of the 1990s. The current crisis is the result of correctable policy mistakes rather than deep structural flaws in the economy.
Wednesday 25 February 2009 Japan exports drop 46% in January
Japan's trade deficit hits a record as exports fall 45.7% in January compared with a year ago to hit a 10-year low. Imports exceeded exports by 952.6bn yen ($9.9bn; £6.8bn). It is the largest gap since records began in 1980.
Demand for Japanese cars in particular dropped by 69%.
Monday 23 February 2009 Japan lender files for bankruptcy
Japanese lender SFCG files for bankruptcy protection, becoming the 10th listed Japanese firm to fail this year.
Monday 16 February 2009 Japan's economy in quarterly dive
Japan's economy contracted by 3.3% in the final quarter of 2008 - its worst showing since the oil crisis of the 1970s, figures show.
Monday 16 February 2009 Clinton makes first visit to Asia
Hillary Clinton arrives in Japan on her first overseas visit as America's top diplomat, days after pledging stronger Asian ties.
Thursday 05 February 2009 One of the world's largest electronics manufacturers is cutting its workforce by five percent. Panasonic of Japan will cut some 15,000 jobs world-wide in the next year because of declining sales of its TVs and other products.
2008
Friday 26 December 2008 Japan's industrial output plunges
Industrial output in Japan fell more than 8% in November, the biggest drop on record, government figures show.
Sunday 21 December 2008 Japan backs further aid package
The Japanese cabinet approves a $54bn (£36bn) package of spending, to try to ease the recession.
Friday 19 December 2008 Japan forecasts no growth in 2009
Japan forecasts zero growth for the next fiscal year as the Bank of Japan cuts interest rates to only 0.1%.
Tuesday 14 October 2008 The country's biggest business lobby, the Japan Business Federation, is going to reverse its long-held policy concerning immigrants and will call on the nation to admit more newcomers. According to Mainichi newspaper, the lobby will announce its change of policy on Tuesday. The newspaper says it will call for amendments to immigrant law to promote immigration, and will recommend as well better Japanese language training for newcomers and a right to social security for them. Although some Japanese see immigration as a threat to traditional culture, others point to serious economic consequences from labour shortages. More than one-quarter of Japanese are expected to be aged over 65 by 2015.
Monday 13 October 2008 Japanese stocks soar 8% in early trading Tokyo gains more than 12% as investors react to U.S., European plans to recapitalize banks. Australia, South Korea also post strong gains in early trading.
Peter G. HallVP EDC Economics Weekly Commentary Japan’s Moment in the Sun - October 8, 2008
A few weeks ago, the prognosis for Japan’s economy was not good – most analysts were convinced the nation was already in recession. But investors have swiftly turned bullish on the economy, and the yen has surged by 6% in the past few days. Is Japan suddenly a good bet? Past issues | his WN page
Commentary podcast.
Monday 29 September 2008 Japan's transport minister has resigned only four days after taking over the portfolio. Nariaki Nakayama stepped down after making a series of controversial remarks. He also angered Japan's indigenous Ainu people by describing Japan as ethnically homogenous. His resignation marks a setback for the new prime minister, Taro Aso.
Monday 15 September 2008 Japan was searching on Sunday for an unidentified foreign submarine detected in its territorial waters. By the time that officials had confirmed that the submarine was not a U.S. or Japanese vessel, it had left the area. Under the United Nations Convention on the Law of the Sea, foreign submarines and other underwater vehicles are required to navigate on the surface and to show their flag in territorial waters during peacetime. In November, 2004, a Chinese nuclear-powered submarine entered Japanese territorial waters and ignored orders to surface. The incident further deteriorated relations with China.
Friday 12 September 2008 Japan's economy sees a sharp fall
Japan's economic output records its sharpest quarterly fall in almost seven years as the country appears to be falling into recession.
Friday 29 August 2008 Japan unveils economic boost plan
Japan unveils a stimulus package worth 11.7 trillion yen to boost the country's flagging economy.
Friday 15 August 2008 A slowing economy in Japan The economy in Japan is battered by rising prices and slowing exports
Monday Aug 4, 2008 Toyako Summit identified a range of global challenges
Following the recent very successful G8 leaders' summit in Japan, it is appropriate to glance ahead at the path for relations between Japan and Canada.
Thursday 26 June 2008 TOKYO: NORTH KOREA TOPS G8 AGENDA
Mr. Emerson will represent his country at the meeting of G8 foreign ministers in Tokyo later this week. His Japanese counterpart Masahiko Kornura said on Wednesday that Japan wants the G8 group to "intensify their efforts in nonproliferation." A Japanese foreign ministry official described the North Korea issue as "first and foremost." North Korea could present a report on its nuclear programs as early as Thursday and has invited foreign television stations to broadcast its destruction of a cooling tower at the Yongbong nuclear complex. Other subjects which the Japanese have put on the agenda are efforts to stop Iran from enriching uranium, the efforts to secure Afghanistan's borders and the condemnation of Zimbabwe's presidential election on Friday.
Wednesday 18 June 2008 Which country makes most trips to the doctor? THE Japanese make most visits to the doctor of any rich country. Each person goes 13.8 times a year on average according to the OECD. The high rate could be explained in part by Japan's high ratio of older people who require more care. Americans see a doctor less than four times a year, although the high number people without medical insurance may be a factor. Neighbouring Mexicans are the most doctor-shy.
Sunday 15 June 2008 A powerful earthquake in northern Japan has killed at least six people and injured around 100 others. The quake, measuring 7.2 on the Richter scale, shook the provinces of Iwate, Miyagi and Akita on Saturday morning, triggering landslides and causing a number of buildings to collapse. The tremors also caused a leak of radioactive water at a nuclear power plant. But nuclear officials say the leak is a small one and poses no threat.
Sunday 15 June 2008 Finance ministers from Canada and other members of the Group of Eight most-industrialized powers have finished the first of two days of talks in Osaka, Japan, on how to deal with increasing oil and food prices. Delegates say high prices for such basic commodities as fuel and food make it harder to make international decisions. A source at the meeting suggests that delegates will once again call on the Organization of Petroleum Exporting Countries to increase oil production to help reduce oil prices. However, OPEC blames speculation, not supply, for the rapid increase in oil prices.
Wednesday 11 June 2008 Japan revises economic growth up
Japan revises its economic growth for the first three months of the year upwards to 1%, beating forecasts.
Sunday 25 May 2008 The United Nations climate chief issued another warning about climate change on Saturday. Speaking to environment ministers from the Group of Eight wealthy countries meeting in Kobe, Japan, Yvo de Boer said that the world is losing its battle to stop climate change. He urged delegates to set clear targets for reducing greenhouse gases. The G-8 ministers, including John Baird of Canada, were joined by delegates from other countries including China as well as some organizations. They hope to lay the foundations for the G-8 summit in northern Japan in July. Environmentalists are concerned that the world's nations will fail to agreed on a global warming pact that would succeed the Kyoto Protocol by the end of next year. Mr. De Boer noted worrying trends, including Canada's indication that it will not meet its obligations under the Kyoto agreement.
Sunday 11 May 2008 China's President Hu Jintao ended his visit to Japan on Saturday with stops at two Buddhist temples in Nara, about 400 kilometres from Tokyo. Mr. Hu's five-day state visit was the first to Japan by a Chinese leader in a decade. He hoped to ease strains with Japan over issues concerning energy, security and wartime history. He also hoped to silence critics of China's crackdown in Tibet. At one temple, he bowed in respect before a statue of a Chinese Buddhist monk. About 50 protesters stood outside, denouncing Chinese rule in Tibet and shouting "Free Tibet". One of the protesters was arrested. Mr. Hu's visit appeared intended to deflect criticism that his government is hostile to religion. On Saturday, he also met regional officials and visited the headquarters of Japanese electronics maker Matsushita Electric Industrial.
Thursday 01 May 2008 There's trouble in Tokyo
A massive national debt. Withered stock prices. A shrinking work force. Japan's problems have pushed it to the brink, its stock market chief says
Saturday 26 April 2008 The procession of the Olympic flame was attended by more protests after if arrived in Nagano on Friday. Dozens of demonstrators waved Tibetan flags as the flame arrive at the site of the 1998 Winter Olympic Games. One self-proclaimed monk was arrested. Thousands of police have been mobilized to protect participants in the procession. The relay, is on its 16th stop, has been repeatedly disrupted by protests, chief of the Chinese government's crackdown in Tibet and China's human rights situation. The flame will arrive next week in North and South Korea and Vietnam before arriving in Hong Kong on May 2.
Stephen S. Poloz VP EDC Economics Weekly Commentary Japan on shaky ground - April 2, 2008
The Japanese economy is at it again. Economy-watchers expected a poor showing in the final quarter of 2007, but in a repeat of the fall 2006 experience, the economy surprised on the upside, and by a large margin. Is Japan sidestepping the slowing in the rest of the world?
Even more surprising were the sources of this recent surge. Private consumption was lacklustre, and the housing sector contracted sharply for the third successive quarter. Government spending remained unimpressive, and increases in inventory were not the reason. The powerhouses? Exports contributed over half of the growth, and, riding this wave, business investment chipped in another third. The eye-opener is that exports account for just 17% of the Japanese economy, so they pulled well over their own weight. Past issues | his WN page
North Korea's abduction of Japanese citizens in the 1970s and 1980s continues to sour relations between them. The BBC's Chris Hogg meets the Japanese who still pursue the truth about their loved ones.
The radio programme is put together in a tiny booth
For those who suspect their relatives were among the men, women and children snatched by North Korea to train their spies, this issue is much more than just a diplomatic hurdle.
It is an unsolved crime that has continues to cause deep distress to hundreds of Japanese families.
Every day a shortwave radio programme broadcast from Tokyo highlights the plight of those who were kidnapped.
Japan is to propose the fight against global warming as a main discussion topic at a Group of Eight nations summit later this year. The Japanese government takes over the chairmanship of the G8 group of industrialised nations on 1 January. It also wants to discuss at the summit development in Africa, high oil prices and preventing nuclear proliferation.
Monday 24 September 2007 Monday 24 September 2007 Japan's governing party has picked Yasuo Fukuda to succeed Shinzo Abe as prime minister. Mr. Fukuda supports warmer ties with Japan's Asian neighbours. He defeated former foreign minister Taro Aso in the Liberal Democratic Party leadership election. Mr. Fukuda will become prime minister because of the ruling bloc's huge majority in parliament's lower house. Mr.Abe resigned unexpectedly two weeks ago following a series of political scandals, as well as the poor showing of his party in Japan's upper house elections in July.
Monday 17 September 2007 Yasuo Fukuda, the frontrunner to succeed Japanese Prime Minister Shinzo Abe, said Sunday he will stay away from a Tokyo shrine, seen by Asian neighbours as a symbol of Japan's past militarism, if he is chosen as the nation's new leader. The 71-year-old Fukuda is an advocate of a less US-centric foreign policy and is widely expected to beat rival Taro Aso, a former foreign minister in the Liberal Democratic Party leadership race. Mr. Fukuda also stressed that Japan must keep a thaw in ties with China on track. At the same time, he urged China to make its growing military spending more transparent.
Aug. 24 - A Japanese researcher claims there are ruins of an ancient civilization under the Pacific Ocean.
Professor Masaaki Kimura of Ryukyu University claims that underwater rock formations are the remnants of an ancient Asian civilization that disappeared under the sea off the coast of the southwestern tip of Japan. He also believes the legends of the lost continents of Mu, or Lemuria, and Atlantis could have been based on these ruins.
Monday 30 July 2007 Japan's changing demography Japan's population is ageing fast and shrinking. That has implications for every institution, and may even decide the fate of governments
Wed1310
Premier Wen JiabaoChinese on visit to Japan Traditional enemies, Japanand China, have recently signed an important treaty, “to boost cooperation and build strategic, mutually beneficial relations in economic, energy, environment and other areas,” thereby collectively creating the second or third largest economy in the world. Like any other transaction, treaties are not signed unless both signatories gain. Although this is important strategically, it is unlikely that it represents a melting of the historical chill between these two nations and the rapprochement will most certainly remain superficial until there is resolution of such issues as the ongoing spat over undersea gas and oil deposits, with China's Foreign Ministry asserting exploration rights in disputed waters between the two neighbours; and of Taiwan (where the Japanese have a long history and interests) and islands in the South China Seas. A distant prospect at best.
Tuesday 10 April 2007 China’s prime minister's visit to Japan - but in the list of topics for discussion, there is no mention of China's intention to participate in post-Kyoto talks nor of proposed cooperation on environmental issues between the two countries China to share burden of CO2 emission cuts/ Beijing to join post-Kyoto emission talks
Japan airline grounds Bombardier fleet All Nippon Airways grounded its entire fleet of Bombardier planes on Tuesday after the front landing gear on one failed to descend,
forcing the aircraft to make an emergency landing with 60 people on board. t-BBD.B
Stephen S. Poloz VP EDC Economics Weekly Commentary Just another flash in Japan? - February 21, 2007
Recent economic news from Japan has been good, so much so that it has people talking about a renaissance and a return to strong growth. The Bank of Japan is even raising interest rates.
Japan?s GDP growth for the fourth quarter of 2006 came in at a startling 4.8%. Investment and exports were very strong. Even more surprising was that real (inflation-adjusted) consumer spending, was up by more than 4% at an annualized rate, and some are pointing to this as early evidence of a consumer renaissance. Unfortunately, it came on the heels of a big drop in consumer spending in the third quarter. For the entire year, real consumption spending rose by only 0.7%, a big deceleration from 2.7% in 2005. Retail sales are essentially flat in the past year, and the Bank of Japan is only cautiously optimistic about the consumer outlook. Past issues | his WN page
Commentary podcast.
Friday 12 January 2007 Japan has formally elevated its defence agency to full-fledged ministry status. The move is the latest indication of Japan's desire to play a bigger role in global security affairs. The upgrade in status is largely symbolic, but it reflects a proactive stance that may raise the risk of more members of the armed forces facing dangerous operations overseas. Japan's military activities have long been constrained by the nation's constitution and public aversion to anything that might revive memories of Second World War militarism..
2006
Mon 25/12/2006 rci The Japanese government reportedly has considered developing a nuclear warhead. A Tokyo newspaper Monday cited an internal government document that had experts concluding it would take at least three to five years to make a prototype weapon at a cost of at least $1.5 billion US. The experts did not say whether Japan should develop nuclear weapons. As the only country ever attacked with atomic bombs, Japan for decades has adhered to a strict policy of not possessing or developing nuclear weapons. But several politicians have suggested Japan should at least debate the issue now that North Korea has conducted nuclear weapons tests.
Monday 06 November 2006 rci A bottlenose dolphin with an extra set of fins is getting a lot of attention. The four-finned dolphin was captured alive by fishermen off the western coast of Japan late last month. Japanese researchers believe its extra fins could be the remains of back legs. Fossil remains show dolphins and whales were four-footed land animals about 50 million years ago and share the same common ancestor as hippos and deer. Scientists believe they later adopted an aquatic lifestyle and their hind limbs disappeared. Odd-shaped protrusions have been found near the tails of dolphins and whales in the past. But the researchers believe this is the first time one has been found with well-developed, symmetrical fins. The dolphin is being held for study at an aquatic museum.
Tuesday 03 October 2006 Japan's new prime minister, Shinzo Abe, says he hopes to tour China and South Korea to repair damaged political relations. Unconfirmed news reports in Japan have indicated that Mr. Abe could visit his country's neighbours as early as this weekend. Mr. Abe says the door for a summit is "always open." The prime minister spoke in his first parliamentary debate since assuming office on Sept. 26. Mr. Abe again refused to say whether as prime minister he would visit the Yasukuni shrine to Japan's war dead, as journalists reported that he had done before. During the debate, he refused to confirm that those reported visits had even taken place.
Friday 15 September 2006
Japan's top court rejects appeal by cult guru Japan's top court rejected an appeal by doomsday cult founder Shoko Asahara, a court official said Friday, reportedly finalizing his death sentence for the 1995 nerve-gas attack on Tokyo's subways.
Monday, September 11, 2006 Japan's economic prospects appear to be improving , doubtless attributable to the birth of the male heir to the Chrysanthemum throne.
Wednesday 06 September 2006 nyt Princess Kiko of Japan Has a Boy By NORIMITSU ONISHI
The birth of a male heir ends for now the debate over whether women should be allowed to ascend Japan's throne.
maisonneuve.orgBABY TALK IN
JAPAN La
Presse, the
Citizen, the
Post, the
Star, CTV
News and the
Globe all go inside with the birth of the first male heir to Japan’s
Chrysanthemum Throne in nearly four decades. In recent years, the fate of
the world’s longest running monarchy became a question of national debate
in Japan. The possibility of reforming the monarchy’s succession laws,
which currently limit the throne to male heirs, was being discussed by the
country’s top leaders, including Prime Minister Junichiro Koizumi. The
impending crisis had even led some traditionalists to suggest that
concubines should be reinstated in order to preserve the integrity of the
throne. Under the media spotlight, the Imperial Household was forced keep
the gender of Princess Kiko’s baby a secret in the months leading up to
yesterday’s birth. For its part, the Post outlines how the royal drama
placed enormous pressure on the wives of the two sons of Emperor Akihito.
Japan’s imperial family traces its roots back some 1,500
years.
Monday 28 August 2006 Japan's foreign minister said Sunday a Sino-Japanese summit is likely to be held before the end of the year, regardless of who becomes the next Japanese prime minister. Taro Aso said Japan's current relations with China are pretty good except that there has been no summit meeting. China's leaders have refused to meet with President Junichiro Koizumi since April 2005 due to a row over his controversial visits to the Yasukuni war shrine. Mutual visits by leaders of the two countries have been suspended for nearly five years. Mr. Koizumi steps down in September.
Monday Apr 17, 2006 nyt Revival in Japan Brings Widening of Economic Gap There are increasing signs that Japan's growing economy is destroying one of the nation's most cherished accomplishments: egalitarianism.
March 15, 2006 The Bank of Japan has dropped its super-easy monetary policy that they have kept for the last five years and will gradually raise interest rates by cutting, over several months, the excess cash in this banking system amid signs of economic recovery (2.7% G.D.P. growth in 2005 including 5½% in the fourth quarter) and emerging from deflation (inflation rising by 0.5% in January). The transition will be slow and the benchmark interest rate will remain near zero for some time. Price stability has been set between zero and 2%. Most analysts expect interest rates to be raised by year-end to ¼ of 1%. Wages are rising and the unemployment rate is near a seven year low and it has spurred consumer spending. The world’s second largest economy ($4.7 trillion) is moving towards the longest expansion since W.W.II. Economic growth is projected at 2% this year by the O.E.C.D. Japan is the most indebted country in the world at 170% of the G.D.P. That compares to 31% for Canada and 65% for the U.S. The Nikkei, after increasing 40% last year, is only up 1½% year to date. From Jacques Clément -Report
Tuesday Mar 14, 2006 rci In a rare referendum in Japan, an overwhelming majority of voters in the city of Iwakuni have rejected a plan to bring more planes and troops to a local U.S. Marine base. City residents were concerned that more planes would increase noise levels in their neighbourhood. The result of the city's referendum is not binding, but a rejection has made plans to relocate American forces in Japan more complicated. The two countries are also discussing how much Japan should pay to move 7,000 Marines from its southern island of Okinawa to Guam. Opposition from Iwakuni and other communities has hampered efforts to complete a plan to re-organize nearly 50,000 American troops in Japan. The two sides hoped to complete the plan by the end of this month.
8 Mar Wed1253Japan: The world’s second largest economy has recovered strongly in the fourth quarter at 5.5% (annual rate) with strength in exports, business capital spending in machinery and equipment, consumer spending and consumer confidence at a fifteen year high and wages rising. There is speculation that Bank of Japan might end their five year monetary policy of holding interest rates near zero. I think that this may be premature (see November 23 write-up).Clément Outlook
Monday Jan 16, 2006 ts Diplomatic chill grips Asian giants
Senior Japanese and Chinese diplomats held unofficial talks in Beijing last week in the latest attempt to thaw the chill in the bilateral relationship. But the bilateral ties have deteriorated to the extent that the two countries can't even agree on meetings between their top leaders or the foreign ministers.
2005
Friday Dec 9, 2005 rci TOKYO: JAPAN BEEF RELAXES BEEF BAN
Japan is easing a two-year government ban on Canadian and American beef which was imposed more than two years ago because of mad cow disease. The announcement by Japan's Food Safety Commission allows for partial imports to resume this month. Canada was a minor beef exporter to Japan while the United States supplied about a quarter of total Japanese beef demand in 2003. The ban angered the United States. The U.S. Congress proposed retaliatory tariffs on Japanese products if it was not lifted by mid-December.
Friday Dec 9, 2005 This Market Is Sending a Signal MONTREAL -- "Environmental effectiveness and minimum cost are two core building blocks for any long term modern climate policy," declared Olivia Hartridge, a representative from the Environmental Directorate of the European Commission. ....The problem is that it is not at all clear the EU ETS fulfills either goal.
Friday Dec 9, 2005 ec Confidence up, currency down
The yen continued to slide against a range of currencies, hitting an all-time low against the euro and a 32-month low against the dollar. Analysts reckon that individual Japanese investors, who have been moving their money into higher-yielding foreign assets, have played a role in the yen's recent fall.
1 December 2005 ind JAPAN: Japan's retirement age is low, with most companies setting the mandatory age at 60, but the rapid aging of society is forcing changes. From 2005 to 2015, the number of Japanese aged 60 or older will increase by about 7.25 million, while those between the ages of 15 and 29 will decrease by about 3.81 million. This would mean one in three will be over 60 by 2015. Last year, the government required companies to gradually raise the retirement age by 2013.
Tuesday Nov 15, 2005 rci OTTAWA: CANADA, JAPAN INCH TOWARD FREE-TRADE DEAL
The Globe and Mail newspaper reports that Canada and Japan are taking cautious steps toward creating a free-trade accord. According to the newspaper, the two sides are ready to make public a "framework" accord to strengthen economic co-operation and will undertake a one-year joint study to examine the advisability of further lowering of trade barriers. The Globe cites Canadian officials as saying that both arrangements could be announced next week at the Asian-Pacific Economic Co-operation summit next week at Pusan, South Korea. Canada has been trying to diversify its international trade, more than four-fifths of which is with the U.S. Japan has advised Canada that it shouldn't forget Japan while trying to expand trade with China. However, the Japanese also have warned Canada that a free-trade accord would be domestically difficult politically because of the protection which Japanese farmers enjoy. Japan is already Canada's third-biggest trade partner after the U.S. and China.
Sunday Oct 30, 2005 nyt U.S. and Japan Agree to Strengthen Military Ties By THOM SHANKER Plans include the reduction by 7,000 of the number of marines on Okinawa and building a new generation of radar equipment in Japan as part of a missile defense system.
Tuesday Oct 18, 2005 nyt Pointless Provocation in Tokyo Prime Minister Junichiro Koizumi of Japan has made a point of publicly embracing the worst traditions of Japanese militarism.
Tuesday Oct 18, 2005 rci Japanese Prime Minister Junichiro Koizumi has again angered Japan's neighbours by paying his fifth visit to the Yasukuni shrine to Japan's war dead. China, South Korea and Taiwan regard the shrine as a symbol of Japanese militarism. Several of those honoured at the shrine are war criminals. Both the Chinese and South Korean governments have summoned the respective Japanese ambassadors to protest anew. In Beijing, the foreign ministry called Mr. Koizumi's visit "outrageous" and warned that it has seriously harmed relations between China and Japan. Foreign Minister Li Zhaoxing told the ambassador that the visit to the shrine is a "wrong action." In Seoul, a spokesman for President Roh Moo-Hyun, says the president may cancel a trip he had planned to make to Japan. As before, Mr. Koizumi rejected the criticism, saying that foreign governments shouldn't interfere in matters of "personal belief," claiming that the visit wasn't made in his official capacity.
Friday Sep 23, 2005 rci Sony Corp. announced on Thursday that it will cut costs by closing plants, selling unprofitable divisions and cutting 10,000 jobs, six per cent of its workforce worldwide by the end of 2008. Four-thousand jobs will be eliminated in Japan, and 6,000 others elsewhere. Sony now has 151,000 employees, including 1,000 in Canada.
Monday Sep 12, 2005 Junichiro Koizumi’s party has won a landslide victory in Japan’s election, as voters overwhelmingly endorsed the prime minister’s plan to privatise the country’s postal-savings bank, the world’s biggest financial institution. The outlook for other reforms, however, is less clear
Friday Sep 9, 2005 ec IJapan’s election
Japan’s ruling Liberal Democratic Party looks set to win this weekend’s election. Many of those who vote for the party will do so hoping that the prime minister, Junichiro Koizumi, uses the opportunity to purge the LDP of recalcitrants and push through long-delayed reforms
THURSDAY, SEPTEMBER 8, 2005 nytIn Japan, a disconnected democracy Japan\'s democracy is East Asia\'s oldest, but its ruling party has held power almost as long as the Communist parties in China and North Korea.
Interactive Feature: Asia's Giants Howard W. French of The Times talks about China and Japan, which find themselves playing out old grievances in a new era of direct rivalry and growing nationalism.
Thursday Jul 7, 2005 rci Meanwhile, the prime minister, Mr. Martin, raised the beef issue on the sidelines of the G-8 summit with his Japanese counterpart, Mr. Koizumi. Japan was one of the countries which also banned Canadian beef two years ago. Mr. Martin failed to persuade him to reopen them. Mr. Koizumi explained only that Japanese have an acute awareness of food safety. Both prime ministers did agree that their countries will co-operate more closely in combating such disease as bird influenza and SARS. Japan culled 25,000 chickens after a bird-flu outbreak on a poultry farm last month, while a outbreak in Canada last year affected dozens of farms. See WN BIRD FLU
Tuesday May 10, 2005 Japan and China on Saturday took some small steps to ease tension that has led to their worst diplomatic relations in decades. Part of their diplomatic dispute revolves around China's insistence that Japan apologize for its military action in China before and during the Second World War. Mass demonstrations were held in China last month to protest against a new Japanese history textbook that the demonstrators said ignored the truth. Meeting in Kyoto, the two countries' foreign ministers agreed to study their joint histories. But Japan's foreign minister, Nobutaka Machimura, said that some Japanese lawmakers were concerned about Chinese textbooks that had what he said were "extreme expressions... about Japan's international contribution after the war." China's foreign minister also made a faint warning to Japan's prime minister to stop make annual pilgrimages to a shrine for Japanese war dead.
Apr 21, ec China and Japan Managing unrest
CHINA'S leaders are at last showing some disapproval of the anti-Japanese protesters who have staged large, sometimes violent, demonstrations in a dozen cities over the past three weekends. But the biggest outpouring of xenophobic unrest in China for more than six years looks likely to rumble on. If so, further damage will be done not only to China's relations with Japan, but also to its efforts to convince its neighbours that its economic rise poses no threat to their security.
Sunday Apr 24, 2005 Russia and Japan continued their difficult debate on Friday about the plan to convey oil from Siberia to East Asia. The debate continued in Tokyo between Japan's foreign minister, Nobutaka Machhimura, and Russia's industry and energy minister, Viktor Khristenko. They talked about the agreed plan to build an oil pipeline to bring untapped oil from Siberia to a port in the south of that region and from there to Japan. That country and Japan had lobbied furiously in Russia over the pipeline's destinations. Both countries need the oil. The official decision favours Japan. But the Russians have said that the beginning of the project to build a pipeline stretching more than 4,000 kilometres might start with the construction of a branch line that would convey the oil to China. Japan has responded by threatening to withdraw its financing for the pipeline. The cost of the pipeline is estimated at $15 billion US. After the talks between Mr. Khristenko and Mr. Machhimura, the Russian minister said only that the final details concerning the pipeline remain to be worked out.
Wednesday Apr 13, 2005 China has expressed opposition to Japan's campaign to occupy a permanent seat on the UN Security Council. China's Prime Minister Wen Jiabao made public that opposition during his visit to India. Mr. Wen says that only a country which accepts the truth about its history deserves a Council seat. Last weekend, the Chinese government tolerated a demonstration by students protesting against what they considered a whitewash of Japanese history during World War II expressed in a new Japanese schoolbook. Japan's Prime Minister Junichiro Koizumi on Monday rejected the idea that the schoolbook had led to the protests in China. He says that the Chinese authorities have the responsibility to protect Japanese nationals in China. The Japanese government has demanded financial compensation for the damage which protesters on Sunday did to its embassy in Beijing. Japan's foreign minister, Nobutaka Machimura, is going to visit Beijing on Sunday.
Sunday Feb 13, 2005 bca The December Leading Diffusion Index rose modestly, in line with expectations, reinforcing the prior reading and indicating that growth is no longer decelerating. However, the dip in the Leading Composite Index paints a less positive picture, and points to little, if any, rise in output in the months ahead. These readings are consistent with the message from the stock-to-bond ratio, which has been trending sideways in recent months. Further evidence that the economy is bottoming should put a floor under both stock prices and bond yields, but upside is limited until the business cycle begins to strengthen anew.
Monday Dec 27, 2004 globeJapan slow to catch on to smart transport
Japan boasts some of the latest technology in zapping computerized data to millions of cars, but few are using it
Friday Dec 10, 2004 , OPEC, inflation, Japan
Stephen Poloz, Duration:57m 27s
JAPAN COUNTS COST OF TYPHOON TOKAGE
Rescuers in Japan are still searching for 15 people missing after what
the government is calling the worst typhoon to hit the islands in 25
years. At least ten people were killed by a powerful earthquake in northern Japan on Saturday. More than 500 others were injured. Thousands of people were left without power and telephone services in the region, and many were without gas and water supplies. The initial shock measuring 6.8 struck in the early evening and was centred in Niigata prefecture, a mountainous area about 250 kilometres north of Tokyo. Roads caved in at many places and some houses collapsed. There were fears that some people were buried alive. Two railway cars of a high-speed bullet train were derailed, but no one was injured. It was the first time that the famous train had been derailed since service began 40 years ago. The initial shock and several aftershocks also shook buildings in Tokyo. No injuries or major damage were reported there, and Tokyo's international airport continued to operate. But as night progressed, government officials said that the lack of electric power and threat of more aftershocks created a dangerous situation.
Oct 23, 2004 The United States declined on Saturday to consider the latest conditions for resuming international talks on North Korea's nuclear program. One day earlier, North Korea set three conditions. It wanted the United States to drop what it called a hostile attitude to the talks. It also wanted the United States to join other countries that were offering to pay compensation for halting nuclear development. And it wanted to open a discussion on the nuclear program in South Korea. In reaction, U.S. Secretary of State Colin Powell said that the conditions should be presented to all five other members of the talks. He suggested that if North Korea returned to the talks, it might win its demands. He was speaking shortly before arriving in Tokyo. On Saturday, North Korea threatened to double its nuclear capability if the United States maintained its hostility.
Sunday Oct 24, 2004 JAPAN TO EASE U.S. BEEF BAN
Negotiators have struck a deal to allow limited imports of American beef
into Japan for the first time since Tokyo closed its lucrative market
over fears of mad cow disease.
Tuesday Jul 13, 2004 cbc JAPAN PREMIER LOSES GROUND IN UPPER HOUSE ELECTIONS: POLLS Japan's ruling coalition suffered an electoral setback, losing more seats than expected to the opposition Democratic Party in elections to parliament's upper house, exit polls suggested on Sunday. Polls predicted that Prime Minister Junichiro Koizumi's Liberal Democratic Party would fall short of its target of winning 51 of the 121 seats up for grabs in the triennial poll.
Tuesday Jul 13, 2004 Prime Minister Junichiro Koizumi's ruling coalition clinched a majority in the upper house of Parliament in elections Sunday. However gains by the opposition signalled discontent with the prime minister's cuts in pension benefits and deployment of troops to Iraq. Citing voting samples, Japan's major TV networks reported late Sunday that Mr. Koizumi's Liberal Democratic Party and coalition partner Komeito party won at least 59 of the seats under contention, ensuring their dominance of the upper house. But the opposition Democratic Party boosted its standing in the chamber by at least 12 seats, taking at least 50, according to preliminary results. Official results are expected during the day Monday.
Wednesday April 7, 2004 wn Wednesday Night Salon # 1153 [Comments from the room] Japan is worrisome –it will eventually have to debase its currency to get out of the crushing debt load (currently 24% GDP spent on interest payments …. Biggest boondoggle of all time waiting to happen… Buy Japanese stocks,- the stock market could well go higher as the yen goes down…. The world needs to inflate the global economy; Japan may be a beneficiary.
Thursday Apr 1, 2004 ec The unstoppable, surging yen The yen is surging again. Will the Japanese authorities halt its rise? Can they? “THIS intervention is stupid,” said Fumihiko Igarashi, an opposition politician in Japan’s lower house of parliament. “It’s a fight we can’t win.” Indeed, on the day he spoke, Wednesday March 31st, the Japanese monetary authorities ceded one round in their fight with the currency traders. They watched the yen strengthen past ¥105 to the dollar, having intervened furiously in the markets only last month to keep it from crossing that threshold. The defeat became a rout as the yen pushed on to reach a four-year high, at ¥103.4 to the dollar. Traders and analysts are now anticipating the day when the yen is worth a full cent.
Monday Jan 19, 2004 ts Land of the rising divorce
As stigma fades in Japan, rates climb
Couples splitting after 20-plus years