The United States has extended a security umbrella over its allies in Asia for roughly sixty years. This policy had obvious benefits, but it has also encouraged these same allies to forget how balance-of-power politics works. (foreignpolicy.com)
Bad news for balancing in East Asia
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Russians go wild for Japan 'Lolita' fashion festival
Young Russians got excited at a two-day Japanese event in Moscow over the weekend that introduced aspects of Japanese pop culture, including "Lolita" fashion. (Japan Times)
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Winter power-saving campaign under way
The government launched its winter power-saving campaign across the country Monday, except for Okinawa Prefecture, amid concerns over electricity shortages due to the suspension of most nuclear reactors in Japan. (Yomiuri)
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Rescue team faced difficulties / Danger of second collapse, clouds of dust inhibited operation
Rescuers tirelessly worked overnight inside the Sasago Tunnel on the Chuo Expressway, where concrete ceiling panels collapsed and crushed three vehicles Sunday morning.
However, they made little headway in their efforts to rescue nine people trapped inside due to a pile of panels weighing more than 1 ton each and a huge amount of dust from the accident. (Yomiuri)
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Police raid Japan highway operator
Japanese police have raided offices belonging to a highway operator over a weekend tunnel collapse that killed nine people. (The Australian)
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Nikkei retreats on soft U.S. manufacturing data
Japan's Nikkei average dipped on Tuesday, retreating from a seven-month closing high hit in the previous session, as weak U.S. manufacturing data triggered profit-taking on exporters, which have lately enjoyed a sharp bounce on a softer yen. (Reuters)
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TEPCO brings Fukushima No. 4 reactor fuel assembly removal forward to 2014
The government and Tokyo Electric Power Co (TEPCO) have announced plans to remove 1,533 fuel assemblies from the stricken Fukushima Daiichi nuclear plant No. 4 reactor by 2014, a year ahead of schedule. (Japan Today)
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Japan's Universal sues Reuters over Philippine payments reports
Japan's Universal Entertainment Corp on Tuesday sued Thomson Reuters and three of its journalists for defamation over news articles relating to millions of dollars in payments Universal made to an ex-consultant to the Philippine gaming authority.
(foxbusiness.com)
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Japan is cheap, but watch the yen
It has been a familiar battle cry for Japan bulls for what feels like ages now: Japanese equities are cheap on a valuation basis. The first problem is, due to unfavorable demographics and a severe bout with deflation, Japanese equities have been in a bear market for well over two decades. The second problem has been the soaring yen, which punished Japanese exporters. (nasdaq.com)
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India, Japan ink $15 billion currency swap arrangement
India's Reserve Bank has signed a Bilateral Swap Arrangement with the Bank of Japan for swapping of the local currencies to address short-term liquidity problems. (NDTV)
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Japan tunnel disaster shows aging of public works
The deadly collapse last weekend of hundreds of concrete ceiling slabs in a tunnel outside Tokyo is raising calls for more spending on Japan's aging infrastructure, but the country might simply not have the money. (abcnews.go.com)
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Qualcomm to invest $120 million in Japan's troubled Sharp
Qualcomm Inc will invest as much as $120 million in Sharp Corp, a cash injection likely to make it the struggling Japanese TV maker's biggest shareholder, and to boost Sharp's efforts to remain viable. (Reuters)
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Soccer: Japan icon Nakayama calls time on career
Masashi Nakayama, who scored Japan's maiden goal in the FIFA World Cup™, is retiring after admitting he can no longerpush his body to the limit at the age of 45. (fifa.com)
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Japan travel agency forming Thailand-based airline
One of Japan's biggest travel agencies said Tuesday it would set up a charter airline based in the Thai capital Bangkok as demand for air travel in Asia soars. (AFP)
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Woman given death rap for killing 2 men
The Tottori District Court on Tuesday sentenced a former female bar employee to death for the murder and robbery of two men in Tottori Prefecture in 2009. (Yomiuri)
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6th body apparently tied to Sumida found
Police have found a sixth human body apparently linked to Miyoko Sumida, a woman in Amagasaki, Hyogo Prefecture, believed to be the central figure in a series of mysterious deaths. (Yomiuri)
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Lawson, Yahoo to launch online shop next month
Convenience store chain operator Lawson Inc. has announced it will launch an online shopping site with Yahoo Japan Corp. in mid-January.
Lawson intends to boost the number of items available on the "Smart Kitchen" site to about 23,000, equivalent to the lineups of large supermarkets, by late March. (Yomiuri)
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15 teen gang members arrested for assault
Police said Tuesday they have arrested 15 members of a Tokyo bike gang for allegedly attacking two teenage boys with metal bats. (Japan Today)
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Japan election draws record number of parties
Official campaigning for Japan's general election kicked off Tuesday with the main opposition party leading in voter support. But the crowded race is likely to result in a coalition government plagued again by gridlock and policy stagnation. (Wall Street Journal)
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Kabuki star Kanzaburo Nakamura dies at 57
Kabuki star Kanzaburo Nakamura died of acute respiratory failure early Wednesday morning in a Tokyo hospital after a six-month battle with cancer, according to a statement released by his management company. He was 57. (Japan Today)
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