Yoshihiko Noda News
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You would expect a nation famed for its efficiency and infrastructure to set the world standard for rebuilding. One year after a giant earthquake and tsunami, Japan’s revival has barely begun.
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Japan’s government will make two appointments to the central bank’s nine-member board in coming weeks, giving the administration scope to affect monetary policymaking as politicians press for greater stimulus.
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A group of ruling party lawmakers called on the Bank of Japan to set an inflation target of above 2 percent and asked the government to name central bank board members who favor the move when two seats open up in April.
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Japan’s ruling party is seeking to amend laws to require stricter oversight of asset management firms in a bid to avoid a recurrence of the AIJ Investment Advisors Co. case.
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South Korean President Lee Myung Bak reiterated his call for Japan to compensate Korean women forced into prostitution during World War II, an issue that has hindered relations between the two countries.
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Japan and South Korea reported larger-than-forecast industrial production in January amid a strengthening U.S. recovery and signs that Europe’s sovereign- debt crisis may be contained.
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Japan’s economic rebound from the deepest contraction among advanced nations after Greece and Portugal may be stunted this year as power shortages threaten its western region.
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Japanese Prime Minister Yoshihiko Noda travels to Okinawa today, his first visit as the nation’s leader, to discuss a dispute over relocating a U.S. military base.
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Japan’s swelling bond sales risk pushing the world’s most indebted nation to a “trigger” point where capital inflows reverse and bond yields rise, former Deputy Bank of Japan Governor Toshiro Muto said.
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Japanese Finance Minister Jun Azumi said that his nation and China are committed to help resolve the European debt crisis through the International Monetary Fund once euro region members take further steps themselves.
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