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Feb 21, 2013

Japan DPJ’s Maehara: opposes too radical a reflationist for BOJ head

TOKYO (Reuters) – Japan’s biggest opposition Democratic Party, which could be key in choosing a new central bank governor, opposes appointing a proponent of extreme steps to reflate the economy but would not automatically reject leading candidate Toshiro Muto, the party’s shadow finance minister said.

“I am not saying that Mr. Muto is OK, but just because we rejected him five years ago does not mean we would automatically say ‘No’ this time,” Seiji Maehara told Reuters in an interview.

Feb 21, 2013

Japan’s Abe seeks to show off alliance, get Obama nod on Abenomics

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe will be seeking to put a strong U.S.-Japan alliance on full display in the face of potential threats from a nuclear North Korea and an assertive China when he meets U.S. President Barack Obama on Friday.

Abe, who has kept his ratings high since taking office for a in December, also needs Obama’s signoff on his economic revival recipe of big spending and hyper-easy monetary policy.

Feb 21, 2013

Japan DPJ’s Maehara: wouldn’t automatically reject Muto for BOJ governor

TOKYO (Reuters) – Japan’s main opposition Democratic Party of Japan would not automatically reject former top financial bureaucrat Toshiro Muto as the next Bank of Japan governor if his name is proposed, DPJ shadow finance minister Seiji Maehara said.

Maehara also told Reuters in an interview on Thursday that it was undesirable to have a top central banker who held extreme views about reflating the economy, but he declined to specify which potential candidates fell into that category. He added that he was in favor of easier monetary policy.

Feb 20, 2013

Fearing stumble, Japan PM eyes opposition for smooth BOJ succession

TOKYO, Feb 20 (Reuters) – Prime Minister Shinzo Abe is keen
to avoid a rerun of the debacle in 2008 when the seat for the
Bank of Japan governor was left open for weeks, so he is
carefully calculating the odds that potential candidates will
win vital opposition support.

Those political dynamics could complicate prospects for
leading candidate Toshiro Muto, a former top finance ministry
official who was rejected for the job five years ago when the
opposition Democratic Party of Japan (DPJ) nixed his
appointment. Unlike in 2008, the DPJ is not flatly ruling out
ex-bureaucrats now, but doubts remain about its stance.

Feb 19, 2013

Japan’s Abe looks to prove this time, he has the right stuff

TOKYO (Reuters) – Five years after staring into a political and personal abyss, Japanese Prime Minister Shinzo Abe is out to prove that the man who threw in the towel after barely a year in office has what it takes to survive as a long-term leader.

Abe, whose 2006-2007 term as premier ended with his abrupt resignation after a year plagued by scandals, an election defeat and a gastro-intestinal ailment worsened by stress, won a rare second chance when his party surged back to power in December.

Feb 19, 2013

Analysis: Japan’s Abe looks to prove this time, he has the right stuff

TOKYO (Reuters) – Five years after staring into a political and personal abyss, Japanese Prime Minister Shinzo Abe is out to prove that the man who threw in the towel after barely a year in office has what it takes to survive as a long-term leader.

Abe, whose 2006-2007 term as premier ended with his abrupt resignation after a year plagued by scandals, an election defeat and a gastro-intestinal ailment worsened by stress, won a rare second chance when his party surged back to power in December.

Feb 8, 2013

TV drama captures public angst at “Made in Japan” decline

TOKYO, Feb 8 (Reuters) – A Japanese electronics firm near
bankruptcy, a ruthless Chinese rival and a laid-off engineer
feature in a popular TV drama that is hitting a public nerve in
a nation fretting over the decline of a once-admired
manufacturing model.

A weaker yen due to Prime Minister Shinzo Abe’s
expansionary economic policies has lightened some of the gloom
for exporters, but NHK public TV’s “Made in Japan” serial
reflects a deep angst about an ailing manufacturing sector that
was once key to Japan’s success and a source of national pride.

Feb 5, 2013

Japan protests to China after radar pointed at vessel

TOKYO (Reuters) – A Chinese navy vessel aimed a type of radar normally used to aim weapons at a target at a Japanese navy ship in the East China Sea, prompting Japan to protest, Japan’s defense minister said on Tuesday, an action that could complicate efforts to cool tension in a territorial row between the rivals.

“Projecting fire control radar is very unusual,” Japanese Defense Minister Itsunori Onodera told reporters of the incident, which he said occurred on January 30 but took time to confirm.

Feb 4, 2013

Analysis: China, Japan seek to dial down tension, but risk remains

TOKYO/SHANGHAI (Reuters) – Two Japanese F-15s scramble as a Chinese plane nears the disputed islands: one in the lead, the other providing cover.

They issue radio warnings to leave the area, but are ignored.

Visual wing-tipping signals go unheeded.

The Japanese pilots consider their last option: firing warning shots – a step Beijing could consider an act of war.

Feb 4, 2013

China and Japan seek to dial down tensions, but risks remain

TOKYO/SHANGHAI (Reuters) – Two Japanese F-15s scramble as a Chinese plane nears the disputed islands: one in the lead, the other providing cover.

They issue radio warnings to leave the area, but are ignored.

Visual wing-tipping signals go unheeded.

The Japanese pilots consider their last option: firing warning shots – a step Beijing could consider an act of war.

    • About Linda

      "I direct a team of reporters responsible for covering politics, diplomacy, social and security policies in the world's second-biggest economy, as well as natural disasters, entertainment and lifestyle trends. I have been in my current position since April 1999 and prior to that was Chief Economics Correspondent, Japan."
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