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February 01, 2025

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EDITORIALS

Sep 20, 2010

Basel tries to close the cracks

Forget the gnomes of Zurich or the wizards of Wall Street. The real rulers of the banking world are in Basel, and their empire is the Basel Committee on Bank Supervision. From that perch, these individuals develop the regulatory framework that all national bank regulations must work within.

EDITORIALS

Sep 19, 2010

Mr. Kan picks new Cabinet

Prime Minister Naoto Kan got off to a fresh start Friday, three days after his re-election as head of the Democratic Party of Japan in a contest with former DPJ Secretary General Ichiro Ozawa. He extensively reshuffled his Cabinet by replacing 10 of the 17 members. Before that, he installed new party...

EDITORIALS

Sep 18, 2010

Long battle in currency markets

Tuesday's intervention in the currency market by the government and the Bank of Japan to prevent a further rise of the yen against the dollar — the first in 6 1/2 years — appears to have worked, at least temporarily. It was as if the government and the BOJ had been waiting for a chance to intervene....

EDITORIALS

Sep 18, 2010

Incubator Bank lessons

The government and the Deposit Insurance Corp. of Japan, the state-appointed administrator of the Incubator Bank of Japan, which filed for bankruptcy protection on Sept. 10, have invoked the limited deposit protection plan for the first time since it was introduced in 1971. That means that deposits of...

EDITORIALS

Sep 17, 2010

The LDP's new front line

On Sept. 9, the main opposition Liberal Democratic Party chose new party executives: LDP President Sadakazu Tanigaki tapped former infrastructure and transport minister Nobuteru Ishihara as secretary general, the party's No. 2 post, and former environment and defense minister Yuriko Koike as head of...

EDITORIALS

Sep 17, 2010

Currency intervention at last

The government and the Bank of Japan sent a strong message to foreign currency markets Wednesday by intervening in the currency trade for the first time since March 2004, to stem the rise in the value of the yen against the dollar. This was a surprise move because Prime Minister Naoto Kan had been considered...

EDITORIALS

Sep 16, 2010

Mr. Kan keeps his job

Prime Minister Naoto Kan saved his job by beating Mr. Ichiro Ozawa, former secretary general of the Democratic Party of Japan, in Tuesday's election of the DPJ president. In a big win, he got 721 points from DPJ Diet lawmakers, local assembly members, and registered party members and supporters against...

EDITORIALS

Sep 15, 2010

Japan's rice dilemma

Rice prices are falling. This may be good news for consumers, but it will cause problems. Because the Democratic Party of Japan government has started the policy of income compensation for individual farmers, sharp decreases in rice prices could make operation of the compensation program difficult. ...

EDITORIALS

Sep 15, 2010

Anti-base assembly in Nago

Candidates who support Mayor Susumu Inamine of Nago, Okinawa Prefecture, an opponent of the Japan-U.S. plan to relocate U.S. Marine Corps Air Station Futenma from Ginowan in the central part of Okinawa Island to the less populated Henoko area of Nago, won a majority in the city's assembly in Sunday'...

EDITORIALS

Sep 14, 2010

JSA must live up to its words

Japan Sumo Association chairman Hanaregoma declared on Aug. 30 that the association will cut all ties with gangsters, a statement that was endorsed by the JSA's executive board and board of trustees. The JSA has been rocked by such scandals as members helping yakuza get ringside seats and gambling on...

EDITORIALS

Sep 14, 2010

Indictment under unjust scenario

The Osaka District Court on Sept. 10 declared Ms. Atsuko Muraki, a former head of the welfare ministry's Equal Employment, Children and Families Bureau, innocent of a charge that she issued a fabricated certificate to recognize an organization as a group for the disabled, thus enabling it to use a postage...

EDITORIALS

Sep 12, 2010

The new frugality

In a sad start to the new season, many of the events throughout Japan featuring one of the symbols of autumn, the lowly sanma (mackerel pike or Pacific saury), had to be canceled or postponed because of poor catches. At the beginning of September the catch was only 20 percent of that of the previous...

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.

Kabukicho: Tokyo’s ‘stadium of desire’

Ayumi Matsuki, a priestess at Yoshiwara Shrine, shows off some "o-mamori" charms. She says visitors to the shrine have increased since the NHK drama “Unbound” began airing this month.

Tracing Tsutaya Juzaburo, Edo’s media maverick

By Alex K.T. Martin

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