Policy & Politics

India's Prime Minister Narendra Modi

Powerful aides keep Modi's premiership on track

TOKYO -- The new government of Indian Prime Minister Narendra Modi, 63, and his Bharatiya Janata Party has gotten off to a reasonably good start. With the unveiling of the fiscal 2014 draft budget on July 10, the government's work to put the economy ...

  • Rich-poor divide threatens Asia's political stability

    BANGKOK -- Political tumult continues in South and Southeast Asia and shows few signs of drawing to a close. Thailand, for example, is riven by policy and leadership disputes, particularly between the country's increasingly prosperous middle- and...

  • Foreign visitors to Japan hits record high in 1st half of '14

    TOKYO (Kyodo) --The estimated number of foreign visitors to Japan in the first half of 2014 hit a record high of 6.26 million thanks to the yen's weakness and increased international flights at Tokyo's Haneda airport, a government body said Wednesday...

  • Asean deregulating foreign investment in banks

    MANILA -- Members of the Association of Southeast Asian Nations are increasingly easing rules on foreign investment in local lenders in preparation for wider financial deregulation to be ushered in under the slated 2015 creation of the Asean Economic...

  • Growing thirst for thermal power puts Japan in a jam

    TOKYO -- Japan is plodding through its first summer without nuclear power in nearly half a century. Its 48 usable reactors remain offline due to safety concerns after the Fukushima Daiichi meltdowns of 2011, but there is growing unease about the coun...

  • MH17 black boxes to be sent to Britain for analysis: Malaysia

    KUALA LUMPUR (Kyodo) -- The black boxes of the Malaysia Airlines jetliner that was shot down over rebel-held eastern Ukraine will be sent to Britain for forensic analysis, Malaysian Transport Minister Liow Tiong Lai said in a statement Wednesday. ...

  • Abe advisers urge cutting corporate tax 2 points in first year

    TOKYO -- Japan should kick off an easing of its corporate tax with a 2-percentage-point reduction next April, policy advisers recommended Tuesday. The tax cut could be paid for with some of the revenue gains attributed to Abenomics, the prime min...

  • Infrastructure privatization in Australia could equal 10% of GDP

    TOKYO -- The potential value of infrastructure to be privatized in Australia over the next six years could total 125 billion Australian dollars ($117.3 billion), equivalent to just under 10% of its gross domestic product, according to Trade Minister ...

  • China out to put red stamp on global finance

    BEIJING -- The Chinese leadership sees a new generation of multilateral lenders as the beginnings of an economic sphere that revolves around the yuan, not the dollar. President Xi Jinping came away from last week's BRICS summit in Brazil with an ...

  • Win for Widodo will entrench vibrant Indonesian democracy

    Joko Widodo, the popular governor of Jakarta, was confirmed on Tuesday night as the winner of Indonesia's momentous presidential election, although the defiant loser Prabowo Subianto's last-minute repudiation of the results may trigger a legal disput...

  • Widodo declared Indonesia's new president

    JAKARTA -- Joko Widodo was declared the winner of Indonesia's presidential election on Tuesday evening, after a day of high drama that saw rival candidate Prabowo Subianto reject the counting process, alleging he had been cheated of victory. Wido...

  • Indonesia's next president in touch with common roots

    JAKARTA -- Indonesian President-elect Joko Widodo, affectionately known as "Jokowi," comes from humble beginnings. Widodo, 53, was born in Solo, Java. He has firsthand experience with the woes of the common people, having been evicted from a home...

  • Joko Widodo is Indonesia's new president

    JAKARTA -- Indonesian election officials have declared Joko Widodo, Jakarta's popular governor, president of the world's fourth most populous country. Widodo will be Indonesia's fifth president since the fall of President Suharto 16 years ago aft...

  • Widodo officially confirmed winner of Indonesia presidential election

    JAKARTA (Kyodo) -- Popular Jakarta Gov. Joko "Jokowi" Widodo was officially confirmed the winner of the July 9 presidential race on Tuesday shortly after his opponent Prabowo Subianto condemned the election as fraudulent, undemocratic and unconstitut...

  • South Korea's Park faces growing rift between young and old

    SEOUL -- Deep generational divides among South Korean voters are making it difficult for President Park Geun-hye to bolster her rapidly sinking approval rating. The president's support rate is now 44%, according to the latest poll by Gallup Korea...

  • Japan's vision for hydrogen cars lacks oomph

    TOKYO -- The Japanese government's road map for pushing the country's auto industry toward the hydrogen age lacks the powerful vision needed to fire up public interest in making that crucial shift. A set of policy measures to promote fuel-cell ve...

  • Vague local, central government roles slow Japan nuke restart

    TOKYO -- Despite Kyushu Electric Power getting the green light from Japan's Nuclear Regulation Authority to restart its idled Sendai nuclear power plant in Kagoshima Prefecture, the prospects for a return to large-scale nuclear power generation remai...

  • Japan to lower deposit insurance premium

    TOKYO -- The Japanese government, judging that the banking industry has become more stable in recent years, plans in fiscal 2015 to lower the rate financial institutions are charged to insure customers' savings accounts. The government and the De...

  • Japanese officer in line to lead piracy task force

    TOKYO -- An officer from Japan's Self-Defense Forces will assume command of the multinational naval task force fighting pirates off the coast of Somalia around May of next year. Command of the task force rotates among participating countries ever...

  • Abe says he will see to nuclear plant restart in southwestern Japan

    TOKYO (Kyodo) -- Prime Minister Shinzo Abe has told business leaders in southwestern Japan that his government will see to it that a nuclear plant in the region is restarted "by some means or other," sources familiar with the matter said Saturday. ...