Japan

Cerberus to sell Aozora Bank stake in $2.3 billion offering: sources

TOKYO - U.S. buyout firm Cerberus Capital Management LP is planning to sell most of its stake in Japanese lender Aozora Bank Ltd in a global offering that could be worth more than 200 billion yen ($2.3 billion), sources with direct knowledge of the sale said.

Latest Japan News

Japan PM: Will pursue bold monetary policy, big fiscal spending
06 Jan 2013
Riches in niches: U.S. cops, in-flight movies may be model for Panasonic survival
06 Jan 2013
Pace of slide in Toyota China sales slows in December: executive
05 Jan 2013
Japan finance minister says won't insist on policy accord with BOJ
05 Jan 2013

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Recent Japan News

Japan likely to increase defense spending due to isles row: media

TOKYO - Japan's government is likely to increase defense spending for the first time in 11 years, Japanese media reported on Saturday, as newly elected Prime Minister Shinzo Abe pledges a sterner response to a territorial dispute with China.

World, 04 Jan 2013

Japan sees opportunity in Myanmar's emerging economy

YANGON - Japan's deputy prime minister confirmed fresh financial aid for Myanmar on Friday during a visit to an industrial zone that underlined the long-isolated nation's growing importance as an economic partner.

World, Myanmar 04 Jan 2013

Automakers in China brace for year of tepid growth as Japanese struggle

BEIJING/SHANGHAI - Automakers in China are bracing for another year of tepid single-digit growth in 2013, weighed down by sluggish demand for Japanese cars amid a diplomatic row between the two regional neighbors and government measures intended to restrict traffic in bigger cities. | Video

Investing and Taxes Simplified, China, 04 Jan 2013

South Korea says Japan must heal wounds of wartime excesses

SEOUL - South Korea's president-elect said on Friday that Japan needed to come to terms with its colonial history as tension between two Asian allies of the United States simmered over Japan's rule of Korea and an island dispute.

World, South Korea 04 Jan 2013

Japan's finance minister in Myanmar with development pledges

NAYPYITAW, Myanmar - Japan's new government confirmed its support for the emerging democracy in Myanmar on Thursday when Finance Minister Taro Aso visited the country to reaffirm Japan's intention to cancel debt and help develop a big industrial zone.

World, Myanmar 03 Jan 2013

Special reports

Anti-nuclear protesters hold signs at a rally organized by Greenpeace to demand the government immediately stop the expansion of nuclear power offered by mainland China in Hong Kong April 24, 2011. REUTERS/Tyrone Siu

The nuclear industry's trillion dollar question

Before Fukushima, more than 300 nuclear reactors were planned worldwide, mostly in developing economies. While parts of the developed world may reduce their use of nuclear, China, India, the Middle East and Eastern Europe look set continue their nuclear drive. Full Article

A member of the Japan Self Defense Force stands on a house at an area that was damaged by the March 11 earthquake and tsunami, in Yamada, Iwate prefecture April 5, 2011. REUTERS/Toru Hanai

Quake reveals cracks in insurance system

The sophisticated modeling systems the insurance industry uses to predict where disasters will happen and how much they will cost never factored in an earthquake the size of the one that hit northeast Japan. Full Article

Tokyo Electric Power Company, Inc. (TEPCO) Vice President Sakae Muto (C) bows at a news conference at the company head office in Tokyo March 28, 2011. REUTERS/Toru Hanai

Japan engineers knew tsunami could overrun plant

A review of Tokyo Electric Power and regulatory records shows that Japan and its largest utility repeatedly downplayed dangers and ignored warnings -- including a 2007 tsunami study from TEPCO's senior safety engineer. Full Article

A staff member of a radiation check-up point points out a location of the tsunami-crippled nuclear plant on a map, on which a radiation gauge is placed, during a photo opportunity in an evacuation center in Fukushima, northern Japan, April 4, 2011. REUTERS/Kim Kyung-Hoon

Fuel storage, safety issues vexed Japan plant

Tokyo Electric and regulators are certain to face scrutiny on the decision to store most of the Fukushima plant's spent fuel rods inside the reactor buildings rather than invest in other potentially safer storage options. Full Article

Disasters show flaws in just-in-time production

In a globalized economy where manufacturers have moved ever more toward lean inventories, the weakest link in the supply chain is what Japan is best known for: high-end, highly technical parts. Full Article

Members of the Indonesia Nuclear Energy Regulatory Agency (BAPETEN) scan passengers arriving from Japan for radiation exposure at the Sukarno-Hatta airport in Jakarta March 18, 2011.

Radiation fears may be greatly exaggerated

As workers struggle to contain the fallout from a crippled Japanese nuclear plant, people as far away as Illinois are calling public health officials in a state of panic. But the truth is anxiety is largely disproportionate to the actual danger. Full Article

Mistakes, misfortune, meltdown: Japan's quake

An examination of Japan's effort to contain its escalating nuclear disaster reveals a series of missteps, bad luck and desperate improvisation. What also emerges is a country that has begun to question some of its oldest values. Full Article

Why Japan will avert a fiscal meltdown

In these dark hours, Japan would do well to heed former White House Chief of Staff Rahm Emanuel's memorable maxim that you never want a serious crisis to go to waste. Full Article

Can Japan find "New Deal" after triple whammy?

The nuclear crisis was a triple whammy for Japan, coming on top of the earthquake -- the fifth strongest ever recorded -- and one of the most powerful tsunami in history, which caused scenes of unimaginable destruction in northeast Japan. Full Article | Related Story