Global Investing

from Russell Boyce:

The politics of bowing in Japan – How low do you go?

By Michael Caronna, Chief Photographer Japan

In Japan nothing says I'm sorry like a nice, deep bow, and lately there's been a whole lot to be sorry for. Ideally the depth of the bow should match the level of regret, allowing observers to make judgements about how sincere the apology really is. Facing massive recalls Toyota President Akio Toyoda and Toyota Motor Corp's managing director Yuji Yokoyama faced journalists at separate news conferences.

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Toyota Motor Corp's managing director Yuji Yokoyama (R) bows after submitting a document of a recall to an official of the Transport Ministry Ryuji Masuno (2nd R) at the Transport Ministry in Tokyo February 9, 2010. Toyota Motor Corp is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems, a third major recall since September and a further blow to the reputation of the world's largest automaker.      REUTERS/Toru Hanai

TOYOTA/

Toyota Motor Corp President Akio Toyoda bows at the start of a news conference in Nagoya, central Japan February 5, 2010. Toyota Motor Corp President Toyoda apologised on Friday for a massive global recall that has tarnished the reputation of the world's largest car maker. REUTERS/Kim Kyung-Hoon

TOYOTA/

Toyota Motor Corp President Akio Toyoda (L) and Executive Vice President Shinichi Sasaki (2nd L) attend a news conference in Nagoya, central Japan February 5, 2010. Toyota Motor Corp President Toyoda apologised on Friday for a massive global recall that has tarnished the reputation of the world's largest car maker. REUTERS/Yuriko Nakao

Bowing is also a standard greeting in Japan, but it can be surprisingly difficult to get the right match for the occasion and your relative station to the other person to make the perfect bow that is neither rudely abbreviated nor outlandishly deep. For people not used to bowing it's an especially difficult challenge.

Automakers charged up about future for electric cars

Automakers are in a new race to be the first to market with an all-electric car so they can claim the mantle as the world’s greenest automaker.

General Motors again rolled out its Chevy Volt electric concept car at the Detroit auto show as a reminder that the struggling U.S. automaker intends to have it on sale by the end of 2010.

Cheering employees (above), as well as Michigan Gov. Jennifer Granholm, waved signs that read: “We’re electric,” “Charged up,” “Game changer” and “We’re here to stay” as they walked ahead of th Volt. GM has said the electric car will have a 40-miles driving range on one battery charge.