Stock prices expected to fall in the US as well at the start of a key week of economic reports.
Using trade as a tool for market advantage or as a substitute for war has its limits. China went too far in cutting exports of rare-earth minerals to Japan. Will the US go too far in punishing China on currency manipulation?
Gold prices hit a record high on Thursday as the softer dollar and uncertainty about economic and financial stability persuaded investors to seek a safe place to park their assets.
Japan's move to devalue the yen and China's continued currency manipulation show a global drive to grow economies with more exports. Will Obama be just as tough in boosting US exports and creating jobs?
Naoto Kan stamped his authority on government policy, making the yen less of a one-way bet — even if the effects of intervention prove to be short-lived.
Paul Krugman argues that WWII spending bought America out of the Great Depression. But what about the other side? What happened with military spending in Japan?
Japan Prime Minister Naoto Kan was reelected head of the ruling Democratic Party on Tuesday, surviving a challenge from scandal-tainted Ichiro Ozawa and sparing Japan another leadership change.