Japan's devastating earthquake and tsunami could cost up to $309 billion, making it the most costly disaster in the country since the end of World War II, the Japanese government said Wednesday.
The Japanese prime minister on Friday reshuffled his Cabinet to strengthen his political base in the government, but the change remains minor.
Former Japanese Finance Minister Shoichi Nakagawa, who resigned from his post after appearing intoxicated at a news conference earlier this year, was found dead in his home Sunday, police said.
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday.
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday.
A new finance minister was appointed in Japan on Tuesday, immediately after his predecessor resigned following complaints of his erratic behavior.
Japan is grappling with its worst economic crisis since the end of World War II, the nation's economic and fiscal policy minister said Monday.
Japan is grappling with its worst economic crisis since the end of World War II, the nation's economic and fiscal policy minister said Monday.
Japan's gross domestic product sees the steepest drop since 1974. CNN's Eunice Yoon reports
Japanese Prime Minister Yasuo Fukuda has reshuffled his Cabinet in an effort to boost his sagging political clout.
The Bank of Japan kept its benchmark interest rate steady Wednesday as investors in Tokyo sent Japanese stocks soaring in reaction to a bigger-than-expected cut in U.S. rates overnight.
Japan's gross domestic product for the April-June quarter declined 1.2 percent on an annual basis, the government said Monday as it revised downward a preliminary estimate of 0.5 percent growth for the quarter. The adjustment marks the first contraction in growth for three quarters.
Japanese Prime Minister Shinzo Abe has picked veteran lawmakers for key posts in a new cabinet line-up to be unveiled on Monday, media said, to try to revive faltering support after a massive election defeat.
The dollar continued to slide against the yen Monday, hitting a one-month low, as speculation builds that Japan will soon raise interest rates and begin to tighten up its loose monetary policy.
TOKYO -(Dow Jones)- Japanese economic policy shouldn't be based on the assumption that long-term interest rates will stay below nominal gross domestic product growth for long, Economy Minister Kaoru Yosano said Friday.
TOKYO -(Dow Jones)- Japanese economy and banking minister Kaoru Yosano said Friday that gross domestic product data for the July-September quarter out in the morning back up the government view that the economy is recovering gradually.
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