TOKYO: The scale of the earthquake and tsunami that struck Japan in March was far greater than even the authorities' worst scenarios foresaw. Nearly six months later, the total damage remains difficult to estimate. Social unrest and confusion, as (...)
TOKYO: China has now officially supplanted Japan as the world's second largest economy. The question for Japan is whether or not the country will continue to tumble down the list of the world's great economies, or whether its politicians will return (...)
TOKYO: In today's Asia, there are two economic powers of global standing, Japan and China. But the balance of economic power between the two is changing, and fast. Sometime this year, China's GDP will exceed that of Japan (if it has not already done (...)
TOKYO: The Greek fiscal crisis has sent shockwaves through markets around the world. In just two years, Greece's budget deficit jumped from 4 percent of GDP to 13 percent. Now other European Union countries seem under threat, and the EU and the (...)