TOKYO - A proposal by Sony Corp's top investor to partially spin off the Japanese company's lucrative entertainment business will be the elephant in the room at an annual shareholders meeting on Thursday.
Recent Japan News
TOKYO - Japan's exports rose in May at the fastest annual rate in more than two years with the help of a weak yen and a moderate pick-up in global demand, boding well for the government's efforts to steer the economy through market turbulence. | Video
TOKYO - The policy chief of Japanese Prime Minister Shinzo Abe's ruling party apologized on Wednesday and withdrew remarks that appeared to make light of the Fukushima nuclear disaster, adding it was up to the premier whether she would keep her job.
TOKYO - Japanese Economics Minister Akira Amari said on Wednesday that the government was not pursuing economic policies in response to market volatility and that markets would stabilize when the real economy improves.
NEW YORK - Japanese drugmaker Astellas Pharma Inc is looking to sell its dermatology portfolio, which could be worth between $500 million and $1 billion, according to three people familiar with the situation.
TOKYO - New York-based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with Sony's CEO, Kazuo Hirai, as its chairman. | Video
Before Fukushima, more than 300 nuclear reactors were planned worldwide, mostly in developing economies. While parts of the developed world may reduce their use of nuclear, China, India, the Middle East and Eastern Europe look set continue their nuclear drive. Full Article
The sophisticated modeling systems the insurance industry uses to predict where disasters will happen and how much they will cost never factored in an earthquake the size of the one that hit northeast Japan. Full Article
A review of Tokyo Electric Power and regulatory records shows that Japan and its largest utility repeatedly downplayed dangers and ignored warnings -- including a 2007 tsunami study from TEPCO's senior safety engineer. Full Article
Tokyo Electric and regulators are certain to face scrutiny on the decision to store most of the Fukushima plant's spent fuel rods inside the reactor buildings rather than invest in other potentially safer storage options. Full Article
In a globalized economy where manufacturers have moved ever more toward lean inventories, the weakest link in the supply chain is what Japan is best known for: high-end, highly technical parts. Full Article
As workers struggle to contain the fallout from a crippled Japanese nuclear plant, people as far away as Illinois are calling public health officials in a state of panic. But the truth is anxiety is largely disproportionate to the actual danger. Full Article
An examination of Japan's effort to contain its escalating nuclear disaster reveals a series of missteps, bad luck and desperate improvisation. What also emerges is a country that has begun to question some of its oldest values. Full Article
In these dark hours, Japan would do well to heed former White House Chief of Staff Rahm Emanuel's memorable maxim that you never want a serious crisis to go to waste. Full Article
The nuclear crisis was a triple whammy for Japan, coming on top of the earthquake -- the fifth strongest ever recorded -- and one of the most powerful tsunami in history, which caused scenes of unimaginable destruction in northeast Japan. Full Article | Related Story