Policy & Politics

Japan government panel on emperor's abdication to hold 1st session Oct. 17

TOKYO (Kyodo) -- A panel set up by the Japanese government to discuss the potential abdication of Emperor Akihito is likely to hold its first session Oct. 17, government sources said Saturday, after the 82-year-old emperor expressed his readiness in ...

  • Pragmatic Suu Kyi builds rapport with military

    YANGON -- In the six months since Myanmar inaugurated its first civilian government in decades, de facto leader Aung San Suu Kyi has transformed herself from a symbol of democracy to a tough pragmatist willing to bridge long-standing divides with the...

  • Japan to blunt TPP's toll on farmers with income insurance

    TOKYO -- Japan is developing income insurance to help farmers weather expected declines in crop prices from the Trans-Pacific Partnership free trade pact.The income insurance considered by the Ministry of Agriculture, Forestry and Fisheries will guar...

  • Poor judgment cascaded in Tokyo fish market mess

    TOKYO -- A chain of events spanning years and a culture of poor communication factored into the failure to follow recommendations to ensure clean soil in the planned relocation of the capital's aging Tsukiji fish market, a new report said Friday, alb...

  • Wealthy Indonesians help tax amnesty beat expectations

    JAKARTA -- Indonesia's tax amnesty program has raked in nearly two-thirds of the revenue target as of Friday, beating skeptics' estimates as tycoons and other high-profile figures unexpectedly showed up at tax offices to declare hidden assets.Launche...

  • Tokyo inquiry fails to pin down blame for new market design debacle

    TOKYO (Kyodo) -- Tokyo Gov. Yuriko Koike announced Friday that a task force she set up in the metropolitan government has been unable to determine exactly who made the decision to build the new site for the capital's Tsukiji fish market partly withou...

  • South Korean campaign aims to get people shopping

    SEOUL -- For the second year running, the South Korean government has launched an autumn retail discount campaign to boost the country's sagging personal consumption.

  • Fed orders China's AgBank to boost oversight

    WASHINGTON (Reuters) -- Agricultural Bank of China, one of the country's top four banks, has been ordered by the Federal Reserve to improve its safeguards against money laundering, the U.S. central bank said on Thursday, citing "significant deficienc...

  • Decision time looms for Tokyo Olympic cutbacks

    TOKYO -- Major cutbacks could be coming to plans for the 2020 Summer Olympics, as a task force recommends extensive changes to keep costs down -- which are currently four times the figure stated in the host bid budget.

  • Jakarta election may produce future Indonesian leader

    JAKARTA -- Jakarta's gubernatorial election is still four months away, but it is already becoming a hard-fought three-way battle -- and could very likely bring about a future Indonesian president.

  • In Japan, investor focus shifts from BOJ to LDP

    TOKYO -- Investors are looking for proof that Japan's monetary, fiscal and growth strategies are the right cocktail for today's economy.

  • Tokyo seeks wider scope to target tax avoidance

    TOKYO -- Japan is moving to clamp down harder on companies that shelter their income from domestic taxes offshore, even in China, South Korea and other jurisdictions with tax rates of 20% or higher.The Ministry of Finance will present its plan Thursd...

  • Giant hydrogen plant to come online in Fukushima by 2020

    TOKYO -- Toshiba, Tohoku Electric Power and Iwatani will together invest several billion yen (1 billion yen = about $9.93 million) to build one of the world's largest hydrogen plants in Fukushima Prefecture.The plan is to have the facility operationa...

  • Former Israeli President Shimon Peres dies at 93

    JERUSALEM (AP) -- Shimon Peres, a former Israeli president and prime minister, whose life story mirrored that of the Jewish state and who was celebrated around the world as a Nobel prize-winning visionary who pushed his country toward peace, died ear...

  • Japan eyeing income guarantee for old-line power plants

    TOKYO -- Japanese power companies may receive income guarantees for conventional plants that have taken a hit from the spread of renewable energy, under a government initiative to ensure continued investment in the sector.The Ministry of Economy, Tra...

  • Presidential debate offers little hope of US return to former glory

    WASHINGTON -- The first presidential debate between Democrat Hillary Clinton and Republican Donald Trump was more a mudslinging match than a policy discussion, highlighting how both candidates have compromised their plans for change in hopes of curry...

  • 2 companies pioneering purchases of Japanese farmland

    OSAKA -- Photo album giant Nakabayashi and home remodeler Sanyo Amnak will become the first businesses to buy Japanese farmland under a new strategic zone regulation aimed at raising agricultural productivity.Companies engaging in farming usually mus...

  • Government panel begins discussion on reforming working practices in Japan

    TOKYO (Kyodo) -- Prime Minister Shinzo Abe called Tuesday for "speed and action" in formulating recommendations for reforming Japan's working practices at the inaugural meeting of a panel on the matter.The panel of Cabinet ministers and experts from ...

  • US presidential debate spells trouble for globalism

    HEMPSTEAD, U.S. -- Globalization appeared to be the loser Monday as the presidential debate between Democratic nominee Hillary Clinton and Republican Donald Trump made clear that the world may see a more insular America regardless of who wins.

  • Japan tiptoes toward increase in foreign workers

    TOKYO -- Japan took a preliminary step Tuesday toward accepting more foreign workers, with government officials assuring that public concerns would be taken into consideration in crafting the measures.The government's committee for labor, which conve...