The significance of the shift from Europe to the Pacific is overrated, since Europe is much richer and more important to the American economy than China or any other Asian nation other than Japan. The US could in fact do well with a movement toward isolationism
Nationalist gestures and recent rhetoric have led to suggestions that Japan may be abandoning its post-War pacifism in favor of a more assertive posture. However, this narrative forgets that the overwhelming majority of the country is opposed to such a change
Everybody knows that Japan is ground zero for global ageing. The youngest of the developed countries as recently as the mid-1970s, it is now the oldest -- and its age wave will continue to roll in for decades to come
Electronics and entertainment giant Sony Corp. announced it returned to profit in its fiscal fourth quarter, helped by one-time earnings from the sale of shares and office buildings.
The Japanese company said it recorded a net profit of 43bn yen ($435mn) at the current exchange rate, in the fiscal year ended March 31, from a 456.7bn yen loss a year ago. This marks the first full year the company became profitable since 2008. Sales climbed 4.7 per cent to 6.8tn yen.
Sony's return to profitability in the financial year was largely because of gains from the sale of assets like its New York headquarters building and Tokyo office buildings as well as part of its shares in online medical-service firm M3 Inc.
The Tokyo-based company said it expects a 16 per cent rise in net profit to 50bn yen in the current financial year, which ends in March 2014. It forecasts a 10 per cent increase in sales to 7.5tn yen as the company is set to release its latest video game console offering, the PlayStation 4, during the holidays.
Bulk of the company's bottom line continue to come from its financial-services and entertainment divisions, while its mobile and electronics businesses continue to drag down its profits.
Toyota Motor Corp. reported a rise in first-quarter net profit as the company benefited from strong U.S. sales and the sharp decline in the value of the Japanese currency, the yen.
Sales in the January to March period rose to 5.837tn yen from 5.703tn yen, while operating profit surged to 502.3bn yen from 238.5bn yen.
Net income is expected to climb 42 per cent to 1.37tn yen ($14bn) for the fiscal year ending March 2014, according to a statement released by the Toyota City, Japan-based car maker.
The projections were calculated based on value of the yen that is higher than current levels, allowing Toyota to beat estimates. The company projected the yen trading at 90 against the U.S. dollar and 120 against the euro, even if the yen is currently trading at around 100 to the dollar and 130 to the euro.
The positive outlook shows how top Japanese firms have quickly changed their fortunes to become profitable again. Toyota's guidance for revenue, operating profit and net income missed the average estimates by analysts surveyed by Bloomberg News.
Analysts predict that the car maker will continue to benefit from the weak yen this year. Toyota looks to sell 9.10 million units in the current fiscal year, higher than 230,000 vehicles that it sold in the recently ended fiscal year.
The United States is opposing Japan's plan to start up a massive nuclear-fuel reprocessing plant.
The Rokkasho reprocessing facility, based in Japan's northern Aomori prefecture, is capable of producing nine tons of weapons-usable plutonium annually.
Japanese officials and nuclear-industry experts say that is enough material to build as many as 2,000 bombs, although Japanese officials say their program is civilian.
Japanese officials have said the plutonium would strictly be used for power generation, even as just two of Japan's 50 power reactors are running because of the safety concerns raised by the 2011 Fukushima nuclear accident.
Japan's Mount Fuji may become a Unesco World Heritage site after a UN advisory council recommended it as appropriate registration.
A formal decision is expected when Unesco's World Heritage Committee meets in Cambodia in June.
Mt Fuji, at 3,776 (12,460 feet) is Japan's highest mountain. The volcano last erupted just over 300 years ago,.
Japan currently has 16 World Heritage-listed sites - 12 cultural and four natural. The most recent addition to the list, in 2011, were the Buddhism-linked gardens and temples of Hiraizumi.
A Boeing 787 Dreamliner made a two-hour test flight in Tokyo, Japan while a similar plane flew from Ethiopia to Kenya ending more than three months of grounding of the aircraft model worldwide due to a faulty battery.
A Dreamliner belonging to All Nippon Airways (ANA) took off from Tokyo's Haneda airport carrying airline and Boeing officials and engineers to demonstrate that it is safe to fly and hopefully set aside concerns on the lithium ion batteries overheating and causing smoke or fire. ANA Chairman Shinichiro Ito, Boeing Commercial Airplanes CEO Ray Conner and other passengers landed without incident.
After landing, Ito announced that ANA will resume regular service of its Dreamliner fleet in May after Boeing engineer complete fitting the new batteries on the planes.
Ethiopian Airlines Enterprise (EAE) flew its 787 from Addis Ababa to Nairobi. EAE Chief Executive Tewolde Gebremariam and Boeing vice president of marketing Randy Tinseth were in the two-hour flight.
All 50 existing Dreamliners were ordered grounded after the battery of one Japan Airlines (JAL) plane at a Boston airport sparked a fire on Jan. 7. On Jan. 16, an ANA 787 made an emergency landing in Tokyo due to an electrical fire.
The cause of the battery failures was not determined, but Boeing engineers redesigned it to address 80 identified causal factors, according to Boeing's chief project manager for the Dreamliner programme, Mike Sinnett.
The new battery has protection around the cells to contain overheating and is contained in a steel casing to prevent any fire from spreading. S tube will vent smoke outside the fuselage.
Japan's Transport Ministry approved the resumption of test and regular flights of ANA's Dreamliner jets, a day after the Federal Aviation Administration (FAA) approved Boeing's battery fix.
The Dreamliner is made from lightweight composite material making it the most fuel efficient jetliner. ANA and JAL have the largest fleet of the plane.
Clean up of the Fukushima plant in Japan may take longer than originally planned, according to a U.N. nuclear watchdog.
The head of the International Atomic Energy Agency team, Juan Carlos Lentijo, said that damage at the Fukushima Dai-ichi plant may take at least 40 years to recover.
The government and plant operator Tokyo Electric Power Co. have earlier stated that the cleanup would take up to 40 years.
In order to complete a full clean-up , they will still have to develop technology and equipment that can operate under fatally high radiation levels to locate and remove melted fuel. The reactors must be kept cool and the plant must stay safe and stable, and those efforts to ensure safety could slow the process down.
The Fukushima Daiichi nuclear plant clean up will take 40 years have been suffering from power outages and leaks of highly radioactive water from underground water pools.
The nuclear plant has been crippled since the March 2011 earthquake and tsunami that struck Japan.
The IAEA team urged the plant operator to "improve the reliability of essential systems to assess the structural integrity of site facilities, and to enhance protection against external hazards" and promptly replace temporary equipment with a more reliable, permanent system.
The 13-member mission plans to release a report next month.
Japan is protesting the presence of Chinese ships near the contested island chain.
According to Japanese news sources, Japan has summoned the Chinese ambassador after eight vessels entered Senkaku Island, which China calls Diaoyu.
The Chinese boats drove out a flotilla of 10 boats carrying about 80 Japanese activists from the nationalist Ganbare Nippon ("Stand Firm, Japan") group, which sailed into waters around the islets early.
Japanese prime minister Shinzo Abe however said that it was Japan who was still fully in control of the island chain.
Abe has said Japan is ready to defend that territory against China.
The waters around the islets are rich fishing grounds and also have potentially huge oil and gas reserves.
The territorial dispute has escalated in recent months to the point, China at one point have deployed fighter jets.
Japan said that it has reached a record trade deficit for the year to March 31.
The latest trade data shows that the deficit stood at 8.17tn yen ($83.4bn) with the global economic slowdown hurting exports, but increased domestic demand for fuel driving up imports.
The world's third-largest economy said for the fiscal year through March, exports to the U.S. climbed 10 per cent to 11.4tn yen ($116bn) from a year ago, while shipments to China fell 9 per cent to 11.3tn yen.
In the coming months, however, analysts believe that the deficit will narrow as the weaker yen will boost gains from Japanese exports.
The yen, which has also increased the cost of importing goods, has fallen to nearly 20 per cent against the greenback since November.
The depreciation of the yen was driven by the aggressive measures introduced by policymakers aimed to spur economic growth and increase domestic demand.
The latest data also meant that the U.S. has beaten China as the top consumer of Japanese exports for the first time since 2009 as its Asian neighbor goes through an economic slowdown along with the territorial dispute between the two large Asian economies.
This could also mean that Prime Minister Shinzo Abe's efforts to resuscitate Japan's stagnant economy may rely more on U.S. consumption than China's.
It is a time of tension in East Asia with growing nationalism, territorial claims between Japan and its neighbours and the persistent challenge of a nuclear North Korea
A record of $1.76 million was paid for a bluefin tuna by Kiyomura K.K., a Tokyo-based sushi chain.According to reports, the tuna weighed 489 pounds at the market's first auction of 2013
The conflict in the South China Sea may be long running, but there are several reasons why it has become much more dangerous. There can be little doubt that President Obama in his second term will find the South China Sea one of the hottest issues in East Asia
Just hours after North Korea delayed the much-criticized rocket launch program, Japan said that it would remain on full alert as Pyongyang has opened the lift-off window
In a development that could further strengthen the case for more fiscal stimulus and 'unlimited' easing of monetary policies to spur economic growth, Japan's economy sank into a technical recession
Kenta Maeda allowed just one hit in five scoreless innings as Japan hit four RBI in the fourth frame en route to a 5-2 win over China in the World Baseball Classic
With Japanese militarism on the rise, Okinawan leaders bring an angry appeal for peace to Tokyo. It was against this drumbeat of resurgent Japanese militarism that more than 140 Okinawan civic representatives made a historic trip to Tokyo
As demand for Japanese goods declined due to the European debt crisis and Tokyo's territorial row with China, exports in September showed the biggest decline since the earthquake and tsunami in 2011
Japan's dream of winning an Olympic medal finally turned into reality in London as the duo formed by Kimura and Sakoda played a superb match to edge Korea in straight sets
In what will be a rematch of the 2008 Beijing Olympic finals, Team USA and Brazil will be fighting for gold after they dominated their respective semi-finals with Korea and Japan
Local sales of Japanese carmakers increased by more than 25% in 2012 as the industry bounces back from a slowdown in 2011 as a result of the earthquake and tsunami
The Japanese government is on alert after Chinese state-owned airplane had flown toward disputed islands and citing the Japan's Ministry of Defense it also mobilized its fighter jets
Japan's amendment of its atomic energy law with the inclusion of a 'national security' clause is being viewed within the country as a ploy to pave the way for the acquisition of nuclear weapons
The possible repercussions on Japan's bilateral relations with China and Taiwan might still create serious hurdles in proceeding with the nationalization plan for the Senkakus
Japan produced the biggest shock so far in Olympic soccer as it edged World Cup and European Champion Spain, 1-0
Japan summoned the Chinese ambassador in a fresh dispute over East China Sea's remote chain of islands, which believed to have vast reserves of oil and gas resources
Are China, Japan and South Korea 'locked in' to a traditional balance of power dynamic, or does another future path exist?
Attempts at fostering greater regional cooperation across Northeast Asia are likely to remain compromised by entrenched political elites and nationalist sentiment for the foreseeable future. This suggests that the 'idea' of regional cooperation is more viable than the development of working institutions
The Trans-Pacific Partnership could add billions of dollars to the U.S. economy and solidify Washington's commitment to the Pacific. But if the Obama administration fails to calm critics of the deal, there is a growing possibility that it could collapse
Japan is about to replace its nuclear plants with something just as risky
Japan is widely regarded as well-prepared for disasters, being used to frequent tsunamis, cyclones, earthquakes and volcanic activity, but a year after the calamitous events of 11 March 2011, the lessons from the multi-disaster still resonate
India and Japan have had their historical ups and downs. Now, wariness of China and common interests in the Asia-Pacific region are bringing Japan and India together
The United States' central challenge over the next several decades is to revitalize itself, while promoting a larger West and buttressing a complex balance in the East that can accommodate China's rising global status
South Korea hopes that the new base will help strengthen its territorial rights on Dokdo as the base would enable its ships to reach the islands quickly
Toyota Motor Corp. (TMC) has announced plans to export cars manufactured by its subsidiary in India to South Africa
Hackers have attacked the websites of Japanese government offices and Mitsubishi Heavy Industries, where nuclear data was feared stolen
The economy of Japan shrank more in the second quarter of the year than government officials initially thought, according to revised government figures
The earthquake and tsunami that struck northeastern Japan on March 11, 2011, caused almost unimaginable damage and misery. But some see a silver lining to these dark tragedies. After 20 years of economic stagnation, the crisis could bring the Japanese together, catalyze much-needed reforms, and reverse decades of malaise
Risk assessments are supposed to lead to decisions that provide more security. However, after a series of tragic failures such as the nuclear meltdown in Japan, BP's deadly blowout, and the destruction caused following Hurricane Katrina, it is becoming increasingly clear that there are serious problems with our ability to accurately evaluate and mitigate risk. The question is, why?
A magnitude 6.7 tremor rocked northern Japan. The quake, which hit the region at 6:51 a.m., had an epicenter near the east coast of Honshu, according to the U.S. Pacific Tsunami Warning Center
A massive earthquake measured at magnitude 8.9 struck northeast Japan March 11, the most powerful quake in that country's recorded history, according to the U.S. Geological Survey
This is an opportunity to review Washington's strategy is in Korea and how the countries around North Korea (China, Russia, South Korea and Japan) view the region
Despite the recent change in North Korea's leadership, it is important that talks resume between North Korea and Japan
Diminished nuclear power-generation capability poses serious vulnerabilities to Japan's energy security
The presence of American military bases in Japan has been a strong cause of unrest and outspoken frustation
Workers at Japan's Fukushima Dai-ichi nuclear facility plant have discovered a leak of 45 metric tons of contaminated, radioactive water. It is not yet clear if the contaminated water reached the Pacific Ocean
Concerns about climate change, as well as growing demand for electricity, led many governments to reconsider their aversion to nuclear power. But the movement lost momentum when the earthquake and the massive tsunami it triggered devastated Japan's Fukushima nuclear power plant. It would be a mistake, however, to let Fukushima cause governments to abandon nuclear power and its benefits
The Ozawa Ichiro 'phenomenon' has returned to haunt Japanese politics. Although Prime Minister Noda Yoshihiko carefully chose his Cabinet team by picking two members of the group led by former DPJ chief Ozawa with the apparent intention of fostering reconciliation between rival groups, harmony is yet to be restored
Japan's debt rating was downgraded to Aa3 from Aa2 by Moody's. The cut came over concerns about the level of the Asian giant's budget deficit and borrowing
In the first quarter of 2011, the Japanese economy shrunk by 3.5 percent. Projections for the second quarter also call for further contraction, but experts are expecting a sharp pickup in growth in the second half of the year and in 2012 as the country rebuilds
North Korea and Russia may be chummy, but South Korea and Japan remain suspicious of North Korea's motives.
A survey of 10 regional power utility firms in Japan released said that the companies are expecting electricity shortages this summer because of the nuclear crisis that hit the country caused by the March 11 magnitude 9 earthquake
The tsunami carved a well-documented path of devastation, most notably crippling the Fukushima Daiichi nuclear power plant and damaging the plant's four reactors. In the time since, as many as 580 workers have been tasked with battling a potential nuclear catastrophe. Meanwhile, researchers at schools in the United States are working on technologies that will ensure a more effective response
Lodged between Russia and China, Mongolia is looking to Japan to play the role of its 'third neighbor'
Asia is spending more on the military and selling more weapons to the world
Asia has one of the largest concentrations globally of aging persons, creating a host of potential challenges
Thanks to globalization, a crisis of governability has beset the Western world. The mismatch between the growing demand for good governance and its shrinking supply is one of the gravest challenges facing the West today
The appearance of the new Japanese leader already attracted the attention of neighboring countries. China has viewed the appointment of Japan's new premier with more anxiety than enthusiasm, given Yoshihiko Noda's conservative views
Residents of areas near the damaged Fukushima Daiichi nuclear power plant who have been forced to flee their homes are criticizing the 200-page document sent by the Tokyo Electric Power Company (TEPCO) for them to be eligible for compensation
Robots were a major force in the automation drive that made Japan the most competitive nation in manufacturing in the 1980s. That glory seems to have faded in recent decades, and Japanese robotics are no exception
Let's hope that, unlike with Hiroshima and Nagasaki survivors, bias against Fukushima refugees will be kept to a minimum
Japan completed its quest for history in unlikely manner, rallying twice from late deficits and pulling out a gutty victory over the United States in the finals of the 2011 FIFA Women's World Cup. Regulation ended 1-1, the score was 2-2 after two 15-minute extra periods and Japan won 3-1 in penalty kicks
Romania's World Cup bid is over, but the Six Nations regular competitor is expected to return home with valuable lessons. Despite being outplayed in their clash with Six Nations rival Georgia 25-9 Wednesday, the Romanian side is still backing the retention of a 20-team tournament
The United States might be grappling with a host of serious economic maladies, but comparatively speaking, we're still better equipped to continue growing than many other advanced economies, experts say. Here's a list of five advanced economies that face economic challenges more serious than our own
For years now, wild Pacific fish has been touted as being lower in contaminants than fish from other waters, but in the wake of the rising radiation levels from the Fukushima nuclear plant in Japan, many consumers are wondering if any ocean life is safe.
In the wake of one of the deadliest natural disasters to strike Japan since the Great Kanto Earthquake of 1923, the Japanese government has suddenly been required to demonstrate its ability to lead, reassure and inspire confidence amongst a population reeling from the after effects of an earthquake and tsunami, and the leak of radiation from the Fukushima nuclear reactor
A World Bank report shows the Japanese disaster to be one of the most costly in recent memory. The report estimates the quake's economic toll at $122 to 235 billion U.S. dollars, and furthermore estimating that the country could take five years to recover. The report also says that 15,214 are dead or missing
I thought I would write about Japan today because, like most people in the world, my heart goes out to all its citizens. The world hopes that the devastation caused by the earthquake and tsunami will subside.
Japan's economy doesn't show signs of recovering any time soon, especially in the aftermath of the earthquake and tsunami, and amid concerns about a damaged nuclear plant. But despite its hardships, Japan is still a legitimate force in the world economy, and many trade partners depend on exports from a range of Japanese companies. Here are five reasons investors shouldn't abandon Japan
Fears of radiation and nuclear catastrophe remain the focus of the ongoing calamity in Japan, now in its second week. With aid from around the globe, Japan continues to struggle with the aftereffects of its natural disasters. Meanwhile, the rest of the world contemplates the safety and future of nuclear energy
The cost of the damages in Japan could top $300 billion from the earthquake and tsunami, making it the most expensive natural disaster on record
Japan faced another difficult day, as the Fukushima Daiichi nuclear power plant -- the site of multiple explosions since last week's 8.9-magnitude earthquake -- caught on fire once again.
Japan's worsening crisis at the Fukushima nuclear plant following the March 11 earthquake and tsunami has reignited the debate about the safety of nuclear power. Charles Ferguson, president of the Federation of American Scientists and author of 'Nuclear Energy: What Everyone Needs to Know,' says the worst-case scenario is if the spent fuel rods at Fukushima catch fire
Concern about radiation exposure has been rising in Japan as nuclear experts struggle to contain the cores of at least three nuclear reactors and a spent nuclear fuel facility at the Fukushima Daiichi nuclear plant. Prime Minister Naoto Kan's government is at pains to calm anxiety, not only among the Japanese people, but among the international investment community and observers worldwide
The explosion at the earthquake-damaged Fukushima Daiichi nuclear power plant in Okuma, Japan, appears to have caused a reactor meltdown.
Over the past week, everything seemed to converge on energy. The unrest in the Persian Gulf raised the specter of the disruption of oil supplies to the rest of the world, and an earthquake in Japan knocked out a string of nuclear reactors with potentially devastating effect. Japan depends on nuclear energy and it depends on the Persian Gulf, which is where it gets most of its oil
The nuclear reactor situation in Japan has deteriorated significantly. Two more explosions occurred at the Fukushima Daiichi nuclear power plant on March 15
Japan's Nuclear and Industrial Safety Agency (NISA) said that the explosion at the Fukushima Daiichi No. 1 nuclear plant could only have been caused by a meltdown of the reactor core, Japanese daily Nikkei reported. This statement seemed somewhat at odds with Japanese Chief Cabinet Secretary Yukio Edano's comments
New developments at Japan's earthquake-damaged Fukushima Daiichi nuclear reactor No. 1 may suggest positive signs for authorities' efforts to contain the problem. But many dangers and risks remain.