Japan's stock market emerges as clear winner of Suga's abrupt resignation

TOKYO/SINGAPORE (Reuters) – While the race for ruling party leader remains wide open, the Japanese stock market has emerged as a clear winner of Prime Minister Yoshihide Suga’s abrupt departure, with the broad Topix index soaring to 31-year highs.FILE PHOTO: FILE PHOTO: Japanese Prime Minister Yoshihide Suga attends a news

‘You will regret this’: Japan crime boss’s chilling threat to judge after being sentenced to death

A Japanese crime boss issued a sinister warning to a judge after he was sentenced to death for ordering a murder and attacks on citizens. Satoru Nomura, the 74-year-old head of the Kudo-kai yakuza group which has some 220 active members, denied accusations he masterminded the grisly crimes. Fukuoka District

Tokyo shows an inflation pulse for the first time in a year

TOKYO (BLOOMBERG) – Tokyo consumer prices unexpectedly rose for the first time in a year, another sign of a recovering inflation pulse in Japan, though the pace of gains was far from the levels fuelling fears elsewhere in the world. Prices in Japan’s capital, excluding those for fresh food, ticked

Japan: At least three dead and dozens feared missing after landslide in Atami

Rescuers are searching for dozens of people who are feared missing after a giant landslide ripped through a Japanese seaside resort. At least three people were killed after the landslide destroyed more than 100 homes in Atami, a city situated 60 miles southwest of Japan’s capital Tokyo. Initially, 147 people

Japan emergency curbs push private-sector factory activity into contraction, while consumer prices extend falls

TOKYO (REUTERS) – Japan’s factory activity expanded at a slower pace in May as growth in output and new orders eased, in a sign emergency curbs to stem a rise in coronavirus infections were hampering the country’s economic recovery. Activity in the service sector contracted at the fastest pace in

In turning point for Kuroda, BOJ may phase out asset-buying goal

TOKYO (Reuters) – The Bank of Japan may phase out a numerical target for its risky asset buying at a policy review on Friday, highlighting the rising cost of prolonged easing and marking a turning point for Governor Haruhiko Kuroda’s massive stimulus programme.FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko

United States and 'Quad' allies push democracy in Myanmar

WASHINGTON (AFP) – The United States on Thursday (Feb 18) called jointly with Australia, India and Japan for strengthening democracy in Asia and reversing Myanmar’s coup as President Joe Biden renewed the so-called “Quad” alliance despite objections from China. In a statement that made no explicit mention of China, the

Japan quake brings back memories of deadly 2011 tsunami

IWAKI, Japan (Reuters) – The stench of alcohol filled the small bar on Sunday as Aoi Hoshino swept up glass from whiskey bottles smashed in a strong earthquake the night before, one appearing to be an aftershock from a devastating quake that hit the Fukushima area in 2011.A collapsed wall

Japan sets record $52 billion military budget with stealth jets, long-range missiles

TOKYO (Reuters) – Japanese Prime Minister Yoshihide Suga’s government approved a ninth consecutive rise in military spending on Monday, funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China’s growing military power.FILE PHOTO: Japanese Prime Minister Yoshihide Suga reviews the Japan’s Air Self-Defense Force at