TOKYO, Aug 13- A sales tax hike last quarter drove Japan's economy into its biggest contraction since the March 2011 earthquake and tsunami, Cabinet Office data showed on Wednesday, keeping policymakers under pressure to expand fiscal and monetary stimulus should recovery falter again.» Read More
The Korea Times thinks the North Korean leader really IS the sexiest man alive. The GlobalPost reports.
Japan's environment ministry expects about 33,000 tons of tsunami debris to reach the western coast of North America by next June. The GlobalPost reports.
George Boubouras, Head of Investment Strategy & Consulting, UBS Wealth Management discusses his outlook for the Japanese economy following the release of the country's GDP data.
Japan's controversial Hamaoka nuclear plant, shut down after Fukushima, wants to reopen once a 54-ft.-high, mile-long wall is finished. But the plant also sits on a seismic fault line, raising more than a few doubts.
CNBC's Brian Shactman takes a look at how the nuclear industry has been altered one year after the disastrous earthquake and tsunami in Japan.
Last year's triple Fukushima disaster – an earthquake, tsunami and nuclear crisis trifecta -- claimed more than 19,000 lives and wreaked utter havoc on the affected area. But the cascading effects of the Fukushima catastrophe may prove to be even more serious and long-lasting.
Regional cities like Aizu-Wakamatsu could be crucial to Japan’s effort to attract foreign investment, the New York Times reports.
As Japan marks the first anniversary of its worst nuclear accident ever, the debate over a shift to greener energy has not concluded.
Most investors can rhyme off a litany of reasons as to why to avoid Japan – high government debt, deflation and a demographic vortex just to name a few. But Japanese equities appear to be emerging as a favorite contrarian play among some experienced investors.
Jacinthe Martin says it took her a few days to reach “panic” status last March, as Japan’s nuclear crisis deepened following its earthquake and tsunami. But the agitated news reports and frantic emails from friends finally pushed her – like many foreign residents of Tokyo – to abandon her adopted city for sanctuary overseas, FT reports.
In the darkest moments of last year’s nuclear accident, Japanese leaders did not know the actual extent of damage at the plant and secretly considered the possibility of evacuating Tokyo, an independent investigation into the accident disclosed. The NYT reports.
Boeing set to end 2011 with its worst performance against Airbus in 40 years, and Toyota predicts a rebound in 2012. CNBC's Phil LeBeau reports.
Japan's fishing industry may be about to undergo a complete transformation. One local government is proposing opening coastal waters to big-business investors in what he says is an effort to save the industry. The Christian Science Monitor reports.
More than 20 spots in and around the nation’s capital are contaminated with potentially harmful levels of radioactive cesium, according to a citizens’ group and the respected nuclear research center they worked with. The NYT reports.
Some analysts believe the euro could be heading to a new lower range, as Europe grapples with its peripheral debt crisis.
Following the catastrophic earthquake in Japan on March 11, 2011, affected companies – including my own – have taken a fresh look at the way they manage risk. And for good cause.
The post-tsunami recovery of the Japanese economy is being hampered by the strong yen and the country needs a more concerted effort to get nuclear power stations up and running again, analysts told CNBC Monday.
Rikuzen Takata, a seaside town in Japan's northeastern prefecture of Iwate, was one of the hardest hit communities after the March 11 tragedy. Survivors say the political gridlock in Tokyo is starving them of money they need to rebuild. CNBC's Kaori Enjoji reports.
The Japanese people are fighting hard to get the economy out of the slump that has followed the devastating earthquake and tsunami that blasted parts of the island nation in March, a Nomura analyst told CNBC Monday.
The Bank of Japan kept monetary policy steady on Friday in a sign that a first-quarter economic slump did not change the central bank's view that growth will pick up late this year when the wounds from the devastating earthquake begin to heal.