Tokyo stocks posted modest gains Monday, as a rise in U.S. technology shares and a surging euro fueled buying in exporters such as TDK, Honda Motor, and Canon, although late profit-taking pushed many well off their intraday highs by the end of trading. (Wall Street Journal)
Tokyo shares end higher as euro surges, Renesas soars
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The end of Japan as we know it
There are multiple elements of Japan's economic orthodoxy that are all coming unstuck at about the same time; some by design and others decidedly not.
First is the country's position on top of the global supply chains of the most complex products imaginable - electronics and automobiles. (Asia Times)
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Voters in tsunami-hit zone feel let down as Japan election nears
Three weeks before Japan's first national election since the March 2011 earthquake, none of the contenders has managed to win the hearts, and votes, of those hardest-hit by the disaster - with many feeling let down by the entire political class. (Reuters)
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UN rights envoy urges Japan to do more to protect health of nuclear crisis-hit residents
A United Nations rights investigator has said Japan hasn't fully served the health needs of residents and workers affected by the nuclear crisis and address their concerns. (Washington Post)
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Poll shows strains in China-Japan-S korea ties
A recent poll showed that the majority of the Japanese public are not looking favorably on their neighbors China and South Korea amid Japan's political turmoil and deadlocked diplomacy. (china.org.cn)
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Govt sets 2013 rice target at 7.91 mil. tons
The government has set the country's rice production target for 2013 at 7.91 million tons, down 20,000 tons from the previous year, the agriculture ministry said Wednesday. (Yomiuri)
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Keiyo Line suspended for 3 hrs / 82,000 passengers affected after train stalls, cause not yet known
A train suffered a malfunction and brought all train services on the JR Keiyo Line connecting Tokyo and Chiba Prefecture to a halt for about three hours Wednesday morning, forcing about 1,500 trapped passengers to alight from the train and walk to the next station, East Japan Railway Co. said. (Yomiuri)
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Agency orders Sharp to pull misleading ads
The Consumer Affairs Agency ordered Sharp Corp. on Wednesday to stop making misleading claims in advertisements for its vacuum cleaners equipped with "plasma cluster" ion generators. (Yomiuri)
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'Legal' narcotics loophole to close
The government said Wednesday it will introduce a comprehensive ban on substances that are chemically similar to prohibited narcotics but are technically legal. (Japan Times)
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Nikkei rises on hopes for a deal tackling US fiscal woes
The Nikkei advanced 1.0% on Thursday to 9,400.88 points, climbing above its five-day moving average at 9,377.65.
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US House of Representatives Speaker John Boehner voiced optimism on Wednesday that a deal could be reached to avoid a "fiscal cliff" of $600 billion in spending cuts and tax hikes starting in 2013. Failure to reach a deal could see the US economy back in recession and drag down the global economy.
Boehner's remarks lifted US and European stocks overnight.
Japan's exporters gained ground after a bout of profit-taking following a recent rally spurred by a weaker yen. The yen has been under pressure on expectations the opposition Liberal Democratic Party will win a December 16 election and increase pressure on the central bank to adopt a bolder monetary policy.
(Business Standard)
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Japan's long-term growth: six ways of staying afloat
If there is one conclusion that economists can draw with any certainty about the future of the Japanese economy, it is that the overall growth of GDP will be very slow for several decades to come. (East Asia Forum)
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Top U.S. officer in Japan weighs in on troop scandals
The highest-ranking U.S. military officer in Japan said a spate of incidents involving U.S. troops there has hurt their ability to respond to a crisis in the region. (Wall Street Journal)
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Japan's new Restoration Party seeks more defense spending
A new Japanese party that hopes to become a force to contend with in a December 16 general election called for more defense spending on Thursday to protect national interests and cuts in corporate and income taxes to bolster the economy. (Reuters)
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Tokyo is Michelin's most gourmet capital for sixth year
Tokyo retained its tasty title as the Michelin guide's world gourmet capital on Wednesday, although the number of three-star restaurants fell slightly. (Reuters)
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Abe says strong economy tops his platform
Former Japanese Prime Minister Shinzo Abe said Wednesday that he will spearhead an economic recovery and strengthen Japan's military if his conservative party regains control in elections next month. (BusinessWeek)
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Bank of England fears UK's fate will echo Japan's
The fear that haunts the Bank of England is that Britain could become the next Japan. Permeating the whole of Threadneedle Street's latest update on the state of the financial sector is the conviction that, as with Japan in the 1990s, the sickness of the banking sector could throttle the life out of the economy. With Britain already half way through its own lost decade, the Bank's financial policy committee believes immediate action is needed that will force lenders to improve their financial resilience. (guardian.co.uk)
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Google Play grows in Japan, other Asian countries
Apple's App Store generates four times the revenue of Google Play, but Google's sales of apps are growing fast in South Korea, Japan and India, according to a new monthly index released Thursday by analytics firm App Annie. (computerworld.com)
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Soccer: Shinji Kagawa named AFC Player of the Year
Japanese playmaker Shinji Kagawa won the inaugural Asian Football Confederation (AFC) International Player-of-the-Year award on Thursday. The 23-year-old Manchester United midfielder beat Japan team-mate Yuto Nagatomo of Inter Milan and Australia's veteran goalkeeper Mark Schwarzer of Fulham to the award in Kuala Lumpur. (ibnlive)
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Japan halts beef imports from one U.S. meat plant
Japan on Thursday stopped importing beef from a U.S. meat plant after American authorities failed to confirm that beef from the plant without proper documents met Japan's safety requirements on the U.S. origin, the health and farm ministries said. (Reuters)
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Fujitsu unveils smartphone to gauge skin condition
A mobile phone that monitors the user's skin condition, checking for blemishes and color, was unveiled in beauty-conscious Japan on Thursday. (Japan Times)
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