The first phase of a proposal to revamp Japan’s 16 trillion yen ($166 billion) electricity industry and spur competitition by making utilities split power generation and distribution passed a lower house committee.
Prime Minister Shinzo Abe’s delay in pushing forward plans to loosen Japanese business rules heightened pressure on the central bank to sustain confidence as stocks extended their slump from last month’s five-year high.
Japanese Prime Minister Shinzo Abe pledged a legislative campaign to loosen rules on businesses ranging from non-prescription drugs to construction. Stocks slid as he said the effort won’t begin for months.
What Jack Bauer can do in 24 hours, real-world U.S. law enforcement accomplished in 53 -- “a pretty good number,” in the words of New York City Police Commissioner Ray Kelly , celebrating the dramatic capture of the Times Square attempted-bomber.
The top Republican on the Senate Foreign Relations Committee said failure to ratify free-trade accords with key allies Panama and Colombia would further cede market share to countries including China, costing U.S. jobs.