Finance Minister Yoshihiko Noda won the Democratic Party of Japan (DPJ) presidency Monday and will replace Naoto Kan as prime minister. The aftermath of the tsunami and earthquake will test his leadership.
Standard & Poor’s cut its rating on Japanese sovereign debt one notch last week, strengthening the naysayers. But with falling unemployment, large reserves, and rising corporate profits, 'Japan is punching well above its weight,' says one analyst.
As world leaders gather in Seoul for their first G20 meeting in Asia, some economists argue that the push for stronger Asian currencies – particularly the Chinese yuan – will spur productivity gains.
Some Japanese hope the news that China's economy has bumped Japan's as the world's second largest will serve as a wake-up call. Most Japanese knew this day was inevitable.
Japan unveiled a fresh $81 billion stimulus package Tuesday, as a rising yen hurts exports and domestic demand remains low.
Italian Prime Minister Silvio Berlusconi called President Obama 'tanned' ... again. And this time he brought the First Lady Michelle Obama into it.
Ahead of the G-20 summit on the financial crisis, many are eyeing Japan's huge foreign reserves. But Tokyo is reluctant to use them on struggling nations.