Pacific Tribune
Gathering Art and Lifestyle News about Issues for the Pacific Basin
Japan DPJ Election Win Brings ‘Bloodless Revolution’
Sunday, August 30th, 2009Japan DPJ Election Win Brings ‘Bloodless Revolution’ Update2 – Bloomberg.com
Aug. 31 Bloomberg — The Democratic Party of Japan swept to power for the first time as the nation’s voters turned their backs on half a century of single-party government that failed to reverse economic stagnation and spiraling welfare costs.
Yukio Hatoyama: Japan Must Shake Off U.S.-Style Globalization
Tuesday, August 25th, 2009Yukio Hatoyama: Japan Must Shake Off U.S.-Style Globalization
In the post-cold war period, Japan has been continually buffeted by the winds of market fundamentalism in a US-led movement that is more usually called globalization. Freedom is supposed to be the highest of all values, but in the fundamentalist pursuit of capitalism people are treated not as an end but as a means. Consequently, human dignity has been lost.
The recent financial crisis and its aftermath have once again forced us to take note of this reality. How can we put an end to unrestrained market fundamentalism and financial capitalism that are void of morals or moderation in order to protect the finances and livelihoods of our citizens? That is the issue we are now facing.
Japan Looks To Comic Books To Rescue Economy
Friday, April 10th, 2009Japan Looks To Comic Books To Rescue Economy
While other countries bail out banks, slash interest rates and prop up struggling industries, Japan is pinning its hopes for economic recovery on a less likely source: manga comic books.
Toyota expects $5 billion loss
Monday, February 9th, 2009Toyota expects $5 billion loss – Pacific Business News (Honolulu):
Toyota Motor Corp. said Friday it expects to post an even greater net loss for the current fiscal year — its first full-year loss since 1950.
Blaming world-market conditions, Toyota said Friday it expects to lose 450 billion yen or $5 billion in the current fiscal year — ending in March.
Revenue for the third quarter declined slightly more than 28 percent. The company saw the most decline in vehicle sales in North America and Europe.
Toyota’s North American sales declined by 235,000 vehicles, and it saw 73,000 fewer vehicle sales in Europe.
Toyota has been cutting production and revising its sales figures downward during the past several months, as the recession and credit crunch drove customers away.
Japan spends $1.5 billion on projects Iraq
Sunday, February 8th, 2009Japan has spent $1.5 billion on small and medium-sized projects mainly in southern Iraq and will donate an additional $3.5 billion to execute major projects, the Japanese ambassador in Baghdad said. Meeting local press editors, the ambassador, Shoji Ogawa, said his country has signed a pact with the Iraqi government under which Japanese firms will supervise the implementation of more projects in the country.
asahi.com朝日新聞社: Another wrestler nabbed with dope
Friday, January 30th, 2009asahi.com（朝日新聞社）：Another wrestler nabbed with dope – English
The sumo world was rocked by a new drug scandal Friday following the first arrest of a Japanese wrestler on suspicion of possessing cannabis.
朝日新聞社：Founding family member to lead Toyota
Wednesday, December 24th, 2008asahi.com（朝日新聞社）：Founding family member to lead Toyota – English
Akio Toyoda (TAKAKI FURUSAWA/ THE ASAHI SHIMBUN)
An executive from Toyota Motor Corp.’s founding family will take over after the automaker stunned the nation by projecting a group operating loss for the current business year, sources said.
朝日新聞社：331 students had job offers annulled :Japan
Sunday, November 30th, 2008asahi.com（朝日新聞社）：331 students had job offers annulled – English
At least 331 students graduating next March had their job offers canceled, while an estimated 30,000 nonpermanent employees have lost or will lose their jobs during the six months through March, the labor ministry said Friday.
Toyota profits to plunge 74%
Monday, November 10th, 2008asahi.com（朝日新聞社）：Toyota profits to plunge 74% – English
Toyota Motor Corp. said Thursday it expects a 73.6-percent drop year on year in group operating profits through March, citing the soaring yen and falling overseas sales.The full-year projection was downgraded to 600 billion yen, the lowest since Toyota adopted U.S. accounting standards in fiscal 1998.
Group sales are forecast to fall 12.5 percent from a year earlier to 23 trillion yen.
Government to freeze its share sales to aid prices
Tuesday, October 14th, 2008asahi.com（朝日新聞社）：Government to freeze its share sales to aid prices – English
To ease selling pressure on domestic stocks, the government plans to freeze the sales of shares it acquired during past financial turmoil, Finance Minister Shoichi Nakagawa said Tuesday.It also intends to revive legislation to enable public-fund injections into faltering regional banks and extend a mechanism to protect life insurance policyholders with taxpayers’ money, he said.
The steps are the cornerstone of a policy package Nakagawa announced to cushion the blow from the global financial crisis.
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