Tag: Japan
JapanFitch downgrades Japan’s credit rating fearful of political stalemate and snowballing debt
Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt.
Japanese deep-sea drilling vessel sets new record at 7.740 metres
Japanese maritime research agency announced that its deep-sea scientific drilling vessel has reached a point at 7,740 meters below the ocean surface, setting the world's record for such drilling.
One year after Fukushima, time for a more mature debate on nuclear
Since Fukushima, important developments have taken place. Germany has decided to shut down its fission plants. Moreover, in a referendum, 95% of the Italian public opposed plans to restart a nuclear programme in the country.
Japan posts first annual trade deficit in more than 30 years
Japan has announced its first annual trade deficit in more than 30 years, a setback for a country known for its exports including cars and electronics. The deficit came in at 2.49 trillion yen (32bn dollars) for 2011, the finance ministry said.
US criticizes Japan for intervening to halt the rise of the Yen in the last 6 months
The US Treasury on Tuesday criticized Japan's interventions to halt the Yen's rise in the last six months, saying they were unnecessary and that Tokyo would do better to strengthen its domestic economy and competitiveness.
Korea invites China and Japan to help reduce illegal fishing in the Yellow Sea
South Korea will try to reach an agreement with Japan and China to help reduce illegal fishing in its waters following the death of a South Korean Coast Guard this week during a fight with Chinese fishermen who were caught red-handed operating in the Yellow Sea.
The most expensive car crash reported in the south of Japan
A luxury sports car outing in Japan has ended in what may be one of the most expensive car crashes in history. Eight Ferraris, three Mercedes-Benzes, a Lamborghini and two other vehicles were involved in the pile-up in the southern prefecture of Yamaguchi.
Japan intervenes to lower the Yen after reaching a record high 75 to the US dollar
Japan sold the Yen for the second time in less than three months after it hit another record high against the dollar Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy.
Dangerous skirmishes anticipated when Japan begins Antarctica whaling season
New Zealand joined Australia in criticizing Japan’s decision to resume whaling in Antarctic waters later this year and Tokyo's announcement that it will increase security for its whaling fleet.
Fitch warns it might downgrade China and Japan ratings, but who rates Fitch?
Fitch Ratings warned that it might downgrade China's credit rating within two years as the country's banks struggle with debt loads following a lending surge to help lift the economy during the 2008 financial crisis.
