Katsuya Okada News
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Koriki Jojima, a Cabinet novice, was named Japan’s fifth finance minister in three years, highlighting revolving-door appointments that may hamper efforts to revive an economy mired in deflation.
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Japanese Prime Minister Yoshihiko Noda’s victory in a ruling party leadership race brings him closer to a decision on whether to call elections as he confronts a slowing economy and a territorial spat with China.
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A Japanese proposal to buy islands also claimed by China could lead to “peaceful and stable relations,” Deputy Prime Minister Katsuya Okada said.
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Japan said it will nationalize islands in the East China Sea at the heart of a territorial dispute with China that has damaged ties between Asia’s two biggest economies.
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Japanese Prime Minister Yoshihiko Noda may fail to secure a meeting with Chinese President Hu Jintao at a summit in Russia this weekend as tensions rise over a maritime territorial dispute.
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Japanese Prime Minister Yoshihiko Noda reshuffled his Cabinet today to boost negotiations with the opposition over raising the national sales tax, as polls show rising discontent with his four-month-old administration.
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Japan’s Foreign Minister Katsuya Okada said China risks losing foreign investment unless it makes business and labor rules more transparent, the Wall Street Journal reported.
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Japan will relax Chinese visa requirements starting in July to increase tourism and boost the nation’s economy, Foreign Minister Katsuya Okada said.
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Japan will not reach an agreement with the U.S. over where to relocate an American military base by the time Secretary of State Hillary Clinton arrives at the end of the week, Foreign Minister Katsuya Okada said.
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The Japanese government could reduce its stake in Japan Tobacco Inc. to a third from half to raise money for reconstruction from the March earthquake and tsunami, a ruling Democratic Party of Japan official said.
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