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- Field hockey elite meet in Germany for Beijing warm-up
Netherlands, Argentina, Germany, Australia, China and Japan will meet in the women's field hockey Champions Trophy starting in Mnchengladbach on Saturday, the last major international tournament before the Beijing Olympics in August. (16 May 08) (14
- U.S. turns tolerant of Japan's release of imported rice
Japanese morning newspaper headlines May.17 06:49 N.Y. crude oil futures hit record $127.82 per barrel May.17 05:21 Half of private firm employees feel economic downturn: Rengo survey May.17 04:27 U.S. turns tolerant of Japan's planned release of
- Japan facing food shortages
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- South Korea, Japan end sea confrontation
(AP) - A standoff between the Japanese and South Korean coast guards ended peacefully after a joint investigation found that a Korean fishing boat did not violate Japanese waters, an official said Saturday. The incident began when the 134-ton fishing
- New player in UK savings market
British life assurers, under attack from nimbler rivals, are fighting back. Their weapon: a more flexible retirement savings product that has already taken the US and Japan by storm. Life assurers hope that selling these products, known as variable
- Troubled Hitachi Expects Hard Drives to Lead Recovery
Hitachi posted a quarterly loss Tuesday on slow television sales and a tax write-down but said it would rebound to a profit this year on a recovery in hard drives, pushing its shares up almost 6 percent. Hitachi, the biggest Japanese industrial
- Int'l community pledges more aid to China
Spain to deliver emergency aid to China Japanese rescue team arrive in quake-hit area China accepts quake rescue offers from Russia, ROK, Singapore Vietnam financially helps Chinese earthquake victims Related Channel News · 7.8 Richter scale earthquake
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While retaining its time-honored culture, Japan rapidly absorbed Western technology during the late 19th and early 20th centuries. After its devastating defeat in World War II, Japan recovered to become the second most powerful economy in the world and a staunch ally of the US. While the emperor retains his throne as a symbol of national unity, actual power rests in networks of powerful politicians, bureaucrats, and business executives. The economy experienced a major slowdown in the 1990s following three decades of unprecedented growth.
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