Japan (News/Activism)

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  • RUSSIA'S SINKING ECONOMY BECOMING A GLOBAL THREAT

    12/16/2014 3:14:47 PM PST · by Star Traveler · 81 replies
    Associated Press ^ | Tuesday, December 16, 2014 | Josh Boak
    WASHINGTON (AP) -- Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia's shriveled currency, its move to dramatically boost interest rates, the damage from plummeting oil prices and Western sanctions over Russia's action in Ukraine. The alarming 10 percent drop in the ruble over the past two days has amplified the economic turmoil in Russia. Investors fear that Russia may default on its foreign debt obligations - a move that would inflict hundreds of billions...
  • Saudi Arabiaís oil war against Iran and Russia

    12/14/2014 2:08:05 PM PST · by elhombrelibre · 54 replies
    NYP ^ | 14 Dec 14 | Ralph Peters
    This week, oil fell through the price floor of $60 a barrel and gas at my local filling station was $2.26 a gallon. Thatís great news for commuters and almost every business, but wonderfully bad news for our ugliest enemies. If oil prices remain low through next year, the effect on rogue governments, from the Russian Federation to Venezuela, will go from damaging to devastating. But Western economies (and Chinaís) stand to benefit, with cheap oil possibly tickling Europeís snoozing markets awake. Even most underdeveloped states will get a welcome break.
  • Rand Paul: America Partly To Blame For Pearl Harbor, World War II

    03/31/2014 8:24:21 AM PDT · by thetallguy24 · 129 replies
    The Right Scoop ^ | 03/31/2014 | Caleb Howe
    At the Washington Post, Jennifer Rubin this weekend highlighted a video of Rand Paul speaking in 2012 about sanctions on Iran. In it, Paul disparages the notion of use of force, and for some reason claims the United States was partly to blame for World War II! ďThere are times when sanctions have made it worse. I mean, there are times .. leading up to World War II we cut off trade with Japan. That probably caused Japan to react angrily. We also had a blockade on Germany after World War I, which may have encouraged them Ö some of...
  • What Oil Shock and Repub. Cave Mean to Stocks and GDP; Investment & Finance Thread - Dec. 14

    12/14/2014 7:43:31 AM PST · by expat_panama · 131 replies
    Weekly investment & finance thread ^ | Dec. 14, 2014 | Freeper Investors
    So while nobody knows the future we still need to know what to expect from the week's two big headlines, even though our view can easily (and will probably) be muddied w/ other factors.† So we deal with an unknown future by checking the historical record for clues on at what the news means to our future investment returns.† What oil bargains do:† namely, what's it doing to the economy and to investments; here's what tanking oil's done in the past (ya gotta LOVE the fed's data site) and how real oil prices (2014$ per barrel) track real GDP-- [click...
  • Lower Oil and King Dollar Are Unambiguously Good Donít listen to the naysayers.

    12/13/2014 5:58:18 AM PST · by bestintxas · 12 replies
    nat review ^ | 12/12/14 | l kudlow
    We all know that the American energy revolution, led by the new technologies of hydraulic fracturing and horizontal drilling, has created a flood of new shale-oil and natural-gas production that has overwhelmed world markets and driven prices down by roughly 40 percent. End-of-week crude oil closed near $57 a barrel, and the national average gasoline price finished at $2.60. No matter what the naysayers are trying to sell, the new energy reality is unambiguously good for the U.S. and global economies. There may be some dislocations among countries, sectors, or companies, but the overwhelming impact is positive. In fact, the...
  • Feds Creating Robots for Old People

    12/13/2014 12:04:11 PM PST · by Tolerance Sucks Rocks · 60 replies
    The Washington Free Beacon ^ | December 12, 2014 | Elizabeth Harrington
    The federal government is financing the creation of robots that can assist the elderly and make sure they are eating healthily.A nearly $800,000 project from the National Science Foundation (NSF) is pairing the University of Pennsylvania with a robot company to create the machines, which will be able to deliver glasses of water to senior citizens.The government said that the project is necessary due to a demographic crisis in America where soon there will not be enough young people to take care of their elders.ďThis Partnership For Innovation project develops and tests the use of service robots to monitor and...
  • Japan's Gov't Pension Fund Warning For Citizens: Abenomics Better Work, Or Your Pensions Are Toast

    12/12/2014 7:49:56 AM PST · by SeekAndFind · 10 replies
    Zero Hedge ^ | 12/12/2014 | Tyler Durden
    Once upon a time, the world's biggest government pension fund, Japan's $1.1 trillion Government Pension Investment Fund, or GPIF, was apolitical, and merely focused on preserving the people's wealth. Then everything changed, and with the reckless abandon of a junkie on a crack cocaine binge, aka Abenomics, the GPIF management was kicked out, and its entire mandate was flipped from preserving wealth, to gambling on #Ref! P/E stocks, in hopes of recreating the wealth effect of the super-rich (the only problem: Japan has reached its breaking point and the higher the USDJPY, and thus the Nikkei rises, the more...
  • TABLE-Construction plans for Japan's coal power stations

    12/12/2014 5:02:36 AM PST · by thackney · 6 replies
    Reuters ^ | Reuters
    The closure of Japan's nuclear power plants following the meltdowns at the Fukushima Daiichi plant after the March 2011 earthquake and tsunami increased fossil fuel consumption and led to a wave of new coal plant construction. Japan plans to build 28 new coal-fired power generation units with total capacity of as much as 14,800 megawatts, due to come online in the next decade or so. Total = 28 units 13,801-14,801 megawatts. Individual plants and start dates excepted
  • Ted Cruz: Return to foreign policy of Reagan - Appears to have eye on 2016 in Heritage speech

    12/11/2014 12:46:32 AM PST · by 2ndDivisionVet · 26 replies
    WorldNetDaily ^ | December 10, 2014 | Jerome R. Corsi
    WASHINGTON Ė In a speech at the Heritage Foundation on Wednesday that sounded like the first foreign policy address of a presidential campaign, U.S. Sen. Ted Cruz, R-Texas, called for a return to the international politics of President Ronald Reagan. Cruz contrasted Reaganís approach with the Obama-Clinton policy of not putting distance between the U.S. and traditional allies, such as Britain and Israel, in the hope of ďdomesticatingĒ long-standing enemies such as Russia and Iran. ďThis backfired,Ē Cruz argued. ďThe end result is that Churchill is no longer welcome in the Oval Office. He recalled one of Obamaís first acts...
  • Unforgettable Photos From The Attack On Pearl Harbor, 73 Years Ago Today

    12/07/2014 10:20:41 AM PST · by PROCON · 54 replies
    businessinsider.com ^ | Dec. 7, 2014 | Amanda Macias
    December 7, 1941 began as a perfect Sunday morning for the troops serving the US fleet at Pearl Harbor. Under a early morning South Pacific sun, softball teams were lining up on the beach. Pitchers warmed up their arms, while batting rosters were finalized and the wives and kids came over from seaside church services.
  • Japan, Russia to hold high-level talks aimed at Putin visit

    12/08/2014 12:39:14 AM PST · by wetphoenix
    The Japan Times ^ | Dec 6, 2014
    Japan and Russia are arranging to hold talks at the director-general level in Tokyo on Monday to pave the way for bringing Russian President Vladimir Putin to Japan next year, government sources said. Prime Minister Shinzo Abe and Putin held talks in November in Beijing and agreed to reschedule Putinís visit for 2015. The original plan was for Putin to visit this year, but that fell through after Japan joined the United States and European nations in sanctioning Russia in March for annexing part of Ukraine. Japan is keen to make progress with Russia on negotiations concerning four Russian-held islands...
  • Loud + Weak = War (Victor Davis Hanson)

    03/25/2014 2:58:06 PM PDT · by neverdem · 17 replies
    National Review Online ^ | March 25, 2014 | Victor Davis Hanson
    China and Russia are no more impressed with empty bluster today than Japan was in 1941. The Roosevelt administration once talked loudly of pivoting to Asia to thwart a rising Japan. As a token of its seriousness, in May 1940 it moved the home port of the Seventh Fleet from San Diego to Pearl Harbor ó but without beefing up the fleetís strength... --snip-- Being weak is sometimes dangerous. Being loud, self-righteous, and weak is always very dangerous indeed.
  • Report: Chinese Navyís Fleet Will Outnumber U.S. by 2020

    12/03/2014 5:04:19 AM PST · by sukhoi-30mki · 19 replies
    Defense Tech ^ | 12/03/2014 | KRIS OSBORN
    China has plans to grow its navy to 351 ships by 2020 as the Chinese continue to develop their militaryís ability to strike global targets, according to a new report. The 2014 U.S.-China Economic and Security Review Commission recommended to Congress the U.S. Navy respond by building more ships and increase its presence in the Pacific region Ė a strategy they U.S. military has already started. The commission asked Congress to increase its Pacific fleet up to 67 ships and rebalance homeports such that 60-percent of the force is based in the region by 2020. The commissionsí recommendations, which are...
  • Japan downgraded by Moody's amid rising fears over debt (from Aa3 to A1)

    12/02/2014 8:02:33 AM PST · by TigerLikesRooster · 6 replies
    BBC ^ | 1 December 2014
    1 December 2014 Last updated at 14:22 Japan downgraded by Moody's amid rising fears over debt Moody's has cut Japan's credit rating by one notch over rising doubts about its ability to reduce debt levels. The decision by the ratings agency sent the yen to a seven-year low against the US dollar. The downgrade comes less than a two weeks before a snap general election called by prime minister Shinzo Abe. His economic stimulus policies and a decision to delay a second sales tax rise will be among the key campaign issues. Tom Byrne, regional credit officer of Moody's, said...
  • How China Will Trackóand KillóAmericaís Newest Stealth Jets

    12/02/2014 3:46:48 AM PST · by sukhoi-30mki · 34 replies
    The Daily Beast ^ | 02/12/2014 | Bill Sweetman
    A gang of advanced missiles and a bleeding edge radar unveiled at a Chinese air show could mean big trouble for the Pentagonís best fighters. Once, no magic act was complete without the magicianís revealingly dressed assistant. Her job was not merely to be sawn in half but to dominate the mostly male audienceís attention at moments when a focus on the whereabouts of the rabbit might blow the gaff. That was a useful lesson to bear in mind at last monthís Zhuhai air showóChinaís only domestic air and defense trade show, held once every other year. If anything at...
  • Moodyís downgrades Japan credit rating, citing debt

    12/01/2014 5:34:50 AM PST · by WhiskeyX
    Japan Times ^ | Dec 1, 2014 | AFP-JIJI
    Moodyís downgraded Japanís credit rating Monday, citing ďrising uncertaintyĒ over the countryís debt situation and Prime Minister Shinzo Abeís faltering efforts to kick-start the worldís No. 3 economy. The ratings agency said it cut Japanís rating by one notch to A1 from Aa3, after the economy sank into recession during the third quarter.
  • Kepco inspects aging Takahama reactors for chance at 20-year extension

    12/01/2014 5:30:16 AM PST · by WhiskeyX · 2 replies
    Japan Times ^ | Dec 1, 2014 | Japan Times
    OSAKA Ė Kansai Electric Power Co. on Monday began checking the safety of two aging nuclear reactors in Fukui Prefecture that are nearing the end of their certified lives to see if it can keep them going for another two decades. The reactors are the No. 1 and No. 2 units at the Takahama nuclear plant. Safety requirements adopted after the 2011 Fukushima nuclear crisis include a provision requiring operators to shut and dismantle reactors when they are 40 years old. But the nuclear regulator may grant a one-time extension of up to 20 years if utilities carry out thorough...
  • Vast majority of ruling bloc candidates favor rebooting reactors

    12/01/2014 5:25:07 AM PST · by WhiskeyX · 2 replies
    Japan Times ^ | Dec 1, 2014 | Japan Times
    A huge majority of those planning to run in the Dec. 14 Lower House election on the ticket of the ruling Liberal Democratic Party or its junior coalition ally, Komeito, favor restarting the nationís idled nuclear reactors, a Kyodo News poll showed Sunday. A total of 90.7 percent of those eyeing a run on the LDP ticket and 79.4 percent of prospective Komeito candidates said they support the reboot of reactors, which generated around 30 percent of the countryís total electricity before the 2011 triple meltdown at the Fukushima No. 1 nuclear plant. All of the nationís 48 reactors are...
  • Moody's downgrades Japan as concerns grow

    12/01/2014 5:22:21 AM PST · by Enlightened1 · 2 replies
    CNBC ^ | 12/01/14
    Fears over the future of Japan's economy are growing Ė and Moody's, the credit ratings agency, reflected this on Monday by cutting its credit rating to A1 from AA3. The news came just after the country's main stock market, the Nikkei, closed at a seven-year high.
  • Japan Household Spending Down 4%, CPI Drops to 0.9%; Bankruptcies Soar in Yen Collapse

    11/30/2014 2:21:35 PM PST · by Kaslin · 37 replies
    Townhall.com ^ | November 30, 2014 | Mike Shedlock
    <p>In spite of the Yen falling 35% since 2011, Japan once again borders on deflation. Please consider Japanís CPI falls to 0.9%.</p> <p>Japanese core inflation last month fell below 1 per cent to a 13 month low, just weeks before prime minister Shinzo Abe heads to the polls to garner fresh support to push back a scheduled rise in sales tax.</p>
  • Reminder #43: Obama Really Doesnít Believe that America has a Right to Exist

    11/28/2014 11:56:22 PM PST · by smoothsailing · 25 replies
    Frontpage Magazine ^ | 11-28-2014 | Daniel Greenfield
    November 28, 2014 Reminder #43: Obama Really Doesnít Believe that America has a Right to Exist By Daniel Greenfield Obama went down to Chicago and continued his usual sneering promotion of amnesty. There was a time when Obama tried to play noble. Heís given that up for smug and condescending until he sounds exactly like his hipster advisers.ďI was just traveling in Asia ó you go to Japan, they donít have problems with certain folks being discriminated against because mostly everybody is Japanese,Ē Obama said. Obama doesnít seem to know thatÖ 1. Thereís plenty of discrimination in Japan, including internal...
  • Flights cancelled across Japanese...Mount Aso volcano erupts for the first time in 22 years

    11/28/2014 5:18:10 AM PST · by John W · 18 replies
    Mail Online ^ | November 28, 2014 | Sara Malm
    Dozens of flights have been cancelled across southern Japan after a volcano erupted for the first time in 22 years. Mount Aso, located about 625 miles southwest of Tokyo, on Kyushu island, has been blasting out chunks of magma since Friday morning, causing flight cancellations from Kumamoto, the nearest city, and prompting warnings to stay away from its crater. The volcano has been spewing out lava debris and smoke, shooting plumes of ash a kilometer (3,280 feet) into the sky, The Japan Meteorological Agency said.
  • Strong quake strikes central Japan's Nagano city

    11/22/2014 6:27:34 AM PST · by Zakeet · 14 replies
    Fox News ^ | November 22, 2014
    A strong earthquake has hit central Japan, but there were no immediate reports of injuries or damage, and no tsunami warning was issued. The Japan Meteorological Agency says the magnitude-6.8 earthquake hit parts of Nagano city and surrounding areas the hardest. The U.S. Geological Survey says the quake's magnitude was 6.2
  • China unexpectedly cuts rates to support economy

    11/21/2014 11:07:52 AM PST · by Olog-hai · 6 replies
    Associated Press ^ | Nov 21, 2014 12:24 PM EST | Joe McDonald
    Chinaís central bank unexpectedly slashed interest rates on Friday to re-energize the worldís No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. On top of the rate cut, Chinese authorities promised to inject credit into the financial system if needed. Meanwhile, the president of the European Central Bank said Friday he was ready to step up stimulus for the 18-country eurozone economy, whose performance continues to disappoint. And Japanís government this week delayed a tax increase after the country slipped back into recession. News of Chinaís...
  • I gave $20.00 to Free Republic today. Did you?

    11/21/2014 9:21:22 AM PST · by lefty-lie-spy · 44 replies
    2014-11-21 | Lefty-Lie-Spy
    Please support Jimrob and the good work he is doing, before its too late.
  • Japan's Demographic Nightmare Illustrated In An Exquisite GIF

    11/20/2014 11:11:00 PM PST · by iowamark · 32 replies
    Business Insider ^ | Nov. 19, 2014 | Shane Ferro
    Japan has a demographic problem, which has become an economic problem. The population is gradually getting older, people are having fewer children, and the ratio between prime age workers and retirees is shrinking. That means less consumption, more fixed incomes, and a greater need for government benefits. Prime Minister Shinzo Abe has a steep uphill battle ahead of him when it comes to trying to grow GDP. Jim Laird at Laird Research has a great post on his site showing what Japan's demographic changes look like visually (in addition to a few other countries). Notice that we're nowhere near the...
  • Russian Bombers Threaten Guam

    11/20/2014 11:24:23 AM PST · by McGruff · 31 replies
    The Washington Free Beacon ^ | November 19, 2014 | Bill Gertz
    Two Russian strategic bombers circled the U.S. island of Guam last week in what U.S. defense officials say is the latest in a series of nuclear provocations by Moscow. The bombers were identified by air defenses as Tu-95 Bear H nuclear-capable aircraft that circumnavigated the strategic U.S. military outpost on Fridayóamid heightened tensions with Moscow regarding a new buildup of Russian forces in and along the border of eastern Ukraine. ďU.S. Pacific Command can confirm that two aircraft circumnavigated Guam on November 13th,Ē said spokesman Maj. Christian Devine. ďThe aircraft were flying safely in international airspace and in accordance with...
  • Japan's Biggest Problem Is Basically Unfixable

    11/19/2014 7:40:26 AM PST · by SeekAndFind · 90 replies
    Business Insider ^ | 11/19/2014 | Shane Ferro
    Japan's economy is in trouble. The latest GDP figures unexpectedly show it to be in recession. In the long term, this is largely a story about demographics, and Japan is fighting an uphill battle. One-fourth of Japan's population is older than 65, and that number isn't going down anytime soon. That means a shrinking percentage of the population is working. Meanwhile, a growing percentage of the population is receiving benefits, living on a fixed income, and being supported by that shrinking population of workers. No amount of loose monetary or fiscal policy will bring more working-age people into the economy...
  • World economy warning light on red

    11/18/2014 4:09:53 AM PST · by John W · 10 replies
    Associated Press via Fort Wayne Journal Gazette ^ | November 18, 2014 | Danica Kirka
    LONDON Ė The global economy's problems seem to be multiplying. Hours after the leaders of the world's 20 most developed economies sought to boost confidence by promising to increase global output by $2 trillion over five years, Japan said it had fallen into recession. That leaves the country Ė the world's third-largest economy Ė on a long and growing list of troubled economies. China is slowing as well, and Europe can't seem to take off. Among major economies, only the United States and Britain are growing at decent rates, and how long that lasts depends on how much trouble their...
  • Japan's slip into surprise recession paves way for tax delay, snap poll

    11/17/2014 1:28:46 PM PST · by SeekAndFind · 6 replies
    Reuters ^ | 11/17/2014 | LEIKA KIHARA AND LINDA SIEG
    Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls. The recession comes nearly two years after Abe returned to power promising to revive the economy with his "Abenomics" mix of massive monetary stimulus, spending and reforms, and is unwelcome news for an already shaky global economy. Gross domestic product (GDP) shrank by an annualised 1.6 percent in July-September, after plunging 7.3 percent in the second quarter following a rise...
  • Japan Shocks As Economy Slips Into Recession

    11/16/2014 10:26:26 PM PST · by zeestephen · 16 replies
    CNBC ^ | 16 November 2014 | Li Anne Wong
    Japan's economy is in technical recession after gross domestic product (GDP) shrank in the third quarter, defying expectations for growth and paving the way for Prime Minister Shinzo Abe to delay a second sales tax hike. The world's third-largest economy contracted an annualized 1.6 percent in the July-September quarter, data showed on Monday, compared with a Reuters forecast for a 2.1 percent gain.
  • Japan in recession as economy contracts 1.6 pct

    11/16/2014 5:38:02 PM PST · by Olog-hai · 4 replies
    Associated Press ^ | Nov 16, 2014 8:30 PM EST | Elaine Kurtenbach
    Japan reported Monday that its economy contracted at a real annual rate of 1.6 percent in July-September, in a second straight quarterly decline that returned the country to recession. A 24.1 percent plunge in private residential investment from a year earlier failed to offset a modest recovery in exports and a 1.5 percent increase in household spending. Most economists had forecast that the worldís third-biggest economy would expand at about a 2 percent pace. The negative growth figure was much lower than expected and makes it very likely Prime Minister Shinzo Abe will delay implementation of a sales tax hike...
  • Chinaís Stealth Fighter Could Get a Lot Better

    11/14/2014 7:42:30 PM PST · by sukhoi-30mki · 26 replies
    War is Boring ^ | Nov 14, 2014 | David Axe
    We donít know much about the FC-31, Chinaís other stealth fighter prototype. But a non-flying model of the FC-31 that appeared at the Zhuhai air show in southern China in early November offers some compelling new clues. Thatís because the model is different than the flying FC-31 prototypeówhich also attended the Zhuhai show and put on a spirited aerobatic display on Nov. 12. Comparing the model and the plane could reveal Shenyang Aircraft Corporationís ambitions for its new stealth jet. The model boasts better stealth features, new engines and a wider range of sensors. If Shenyang adds all these enhancements...
  • Pacific Fleet intelligence officer removed following investigation

    11/13/2014 2:33:36 PM PST · by robowombat · 18 replies
    Stars and Stripes ^ | November 12, 2014 | Erik Slavin
    Pacific Fleet intelligence officer removed following investigation By Erik Slavin Stars and Stripes Published: November 12, 2014 What happens when a Navy officer gets real on China? YOKOSUKA NAVAL BASE, Japan Ė A senior Pacific Fleet official known for his blunt assessment of China has been reassigned following an investigation into mishandling of classified information. Capt. James Fanell, formerly the Hawaii-based commandís top intelligence officer, is now working as an aide at fleet headquarters, Navy spokesman Capt. Darryn James said Thursday. James declined to provide specifics on Fanellís removal, citing privacy concerns. However, a defense official who requested anonymity because...
  • Cuba wants to weaken UN resolution on North Korea

    11/12/2014 3:30:16 PM PST · by Olog-hai
    Associated Press ^ | Nov 12, 2014 6:05 PM EST | Cara Anna
    Cuba is challenging a resolution in the U.N. General Assembly on human rights in North Korea, seeking to cut key language about a referral to the International Criminal Court that has Pyongyang nervous. The draft amendment obtained Wednesday by The Associated Press warns that such language sets ďa dangerous precedent that could be applied in the future against any developing country.źĒ North Korea has been shaken this year by a groundbreaking U.N. commission of inquiry report that detailed widespread human rights abuses in the impoverished but nuclear-armed country and warned that leader Kim Jong Un could be held accountable. The...
  • With a Stealth Fighter, China Tries to Gain Attention

    11/10/2014 7:55:30 PM PST · by sukhoi-30mki · 33 replies
    The New York Times ^ | NOV. 10, 2014 | CHRISTINA LARSON
    BEIJING ó Amid the whine of high-performance jet engines at the start of an air show in Zhuhai, the Chinese government is hoping to generate a different sort of buzz: admiration, and perhaps purchases, of its shadowy J-31 stealth fighter, which is expected to make its first public appearance. For almost 20 years, the event, Airshow China, has been a showcase for the countryís homegrown hardware, and a marketplace for those interested in selling to the worldís most populous country. As the country tries to climb into the high-end arms market, it has been eager to display fighters, missiles and...
  • China has its own copy of BrahMos Supersonic cruise missile Now

    11/09/2014 4:14:10 AM PST · by sukhoi-30mki · 9 replies
    IDRW News Network ^ | 11/07/2014
    China has showcased a dummy model of new CX-1 anti-ship missile at Zhuhai Air Show. Missile looks similar to Russian P-800 Oniks , its the same missile upon which Indo-Russian Brahmos cruise missile has been based . Chinese forums puts specification of the missile has Supersonic Cruise missile with range of 50 km to 290 km . Missile will be supersonic speed on all phases of flight, and will be able to use wide range of platforms (ships, submarines and land-based launchers), will have low profile flight (sea-skimming), possible use of the missile in electronic countermeasures environment and under enemy...
  • New Chinese Intelligence Unit Linked to Massive Cyber Spying Program

    10/31/2014 7:43:50 AM PDT · by lbryce · 11 replies
    Washington Beacon ^ | October 31, 2014 | Bill Gertz
    A Chinese intelligence unit carried out a massive cyber espionage program that stole vast quantities of data from governments, businesses and other organizations, security analysts who uncovered the operation said Thursday. The activities of the Chinese unit called the Axiom group began at least six years ago and were uncovered by a coalition of security firms this month. Cyber sleuths traced Axiom attacks to the 2009 cyber operation against Google in China and other U.S. companies known as Operation Aurora. The group was also linked to a Chinese hacking program that targeted dissidents and opposition groups known as GhostNet. More...
  • Abenomics at make-or-break phase in Japan

    11/06/2014 7:27:54 PM PST · by TigerLikesRooster · 8 replies
    TodayOnline ^ | November 7, 2014
    Abenomics at make-or-break phase in Japan Published: 4:03 AM, November 7, 2014 TOKYO ó Japanís audacious campaign to reinvigorate its economy is entering a make-or-break phase. After nearly two years of aggressive stimulus under Prime Minister Shinzo Abe, joblessness has plunged, big companies such as Toyota are earning record profits and corrosive price declines have been replaced by something Japan has rarely seen in decades ó inflation. Yet the benefits of Abenomics, as the programme is known, have been unevenly distributed. Many consumers and businesses simply do not feel better off. The problem threatens to undermine support for the effort...
  • Saudi oil-price cut takes market by surprise

    11/04/2014 4:57:33 AM PST · by Zhang Fei · 119 replies
    Market Watch ^ | Nov 4, 2014 2:56 a.m. ET | Nicole Freeman
    Oil prices tumbled to their lowest point in more than two years after Saudi Arabia unexpectedly cut prices for crude sold to the U.S., likely paving the way for further declines and adding to pressure on American energy producers. Meanwhile, Saudi Arabia raised the prices for its oil in other locations, including Asia, where the country had cut its prices for four consecutive months.
  • Japan shares soar, yen skids after BOJ stuns with new easing steps; Global Stocks Rally

    10/31/2014 6:39:35 AM PDT · by SeekAndFind · 7 replies
    Reuters ^ | 10/31/2014 | Lisa Twaronite
    * Nikkei surges 4.8 pct to highest close since Nov 2007 * Asian shares extend gains made after U.S. GDP data lifts Wall Street * Dollars spikes 1.7 percent to near seven-year high against yen * Yen crosses surge after BOJ reignites carry trade Japanese stocks soared 4.8 percent to their highest close since November 2007 and the yen skidded to near seven-year lows against the dollar on Friday, after the Bank of Japan surprised markets with fresh easing steps it called a pre-emptive move to stoke inflation. The Nikkei stock average marked its biggest one-day gain since June 2013...
  • Japan's central bank shocks markets with more easing as inflation slows

    10/31/2014 6:39:04 AM PDT · by TigerLikesRooster · 1 replies
    Reuters ^ | Oct 31, 2014 | Leika Kihara and Tetsushi Kajimoto
    Japan's central bank shocks markets with more easing as inflation slows By Leika Kihara and Tetsushi Kajimoto TOKYO Fri Oct 31, 2014 10:47am GMT (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April. BOJ Governor Haruhiko Kuroda portrayed the board's tightly-split decision to buy more assets as a preemptive strike to keep policy on track, rather than an admission that his plan to reflate the long moribund-economy...
  • China to buy 5,000 Russian air-to-air missiles: Japanese report

    10/28/2014 10:29:56 PM PDT · by sukhoi-30mki · 1 replies
    Want China Times ^ | 2014-10-29
    China is likely to purchase 5,000 R-73 and R-77 air-to-air missiles from Russia, writes Toshiyuki Roku, retired commander of the Japan Air Self-Defense Force's Air Development and Test Command, in an article for the Tokyo-based Japan Military Review. Since China's domestic air-to-air missiles such as the PL-12, the SD-10A and the PL-9C were designed based on technology from Ukraine and are still unable to compete against US counterparts, the People's Liberation Army realizes that it needs the more advanced Russian missiles to go head to head against the US and Japan in any potential future air combat, Roku wrote. He...
  • Man tested for Ebola in Tokyo

    10/27/2014 1:25:11 PM PDT · by sushiman · 9 replies
    NHK ^ | 10/27/14
    Officials from Japan's health ministry say they are testing a Canadian man for Ebola. The man entered Japan from the West African country of Liberia with a fever that may be a symptom of the deadly disease. Ministry officials say they will send a sample of his blood to the National Institute of Infectious Diseases to be tested for the Ebola virus and other pathogens. They say he will be treated at the National Center for Global Health and Medicine in Tokyo. The test results are due early Tuesday. The officials say they have not yet confirmed whether the man...
  • Ebola In Japan? Authorities Test First Potential Case Of Infected Traveler In Tokyo

    10/27/2014 2:10:55 PM PDT · by SeekAndFind · 16 replies
    International Business Times ^ | 10/27/2014 | Dennis Lynch
    Japanese health officials tested a man for the Ebola virus on Monday, after the Japanese-Canadian showed a 100-degree fever at Haneda airport in Tokyo after traveling to Liberia. Test results were expected early Tuesday. The 45-year-old man is a journalist who spent two months in the West African country devastated by a massive Ebola virus outbreak, according to the Japan Times. He was transported to the National Center for Global Health and Medicine in Shinjuku, where his blood was tested by the National Institute of Infectious Diseases. The man flew to Belgium and the United Kingdom before arriving in Tokyo....
  • Japanese Style Deflation Headed to Europe and America?

    10/25/2014 10:13:02 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | October 25, 2014 | Mike Shedlock
    There's some interesting discussion points in the UK-based Absolute Return Partners October 2014 Letter, by Niels C. Jensen, most of which I agree with, others not. Japan-Style Deflation in Our Backyard? It is no secret that we have been long-standing believers in deflation being a more probable outcome of the 2008-09 crisis than high inflation. What has changed over the past six months is that the world has begun to move in different directions. Whereas rising unit labour costs in the U.S. make outright deflation in that country quite unlikely, the same cannot be said of the Eurozone. Japan-style deflation...
  • As China Deploys Nuclear Submarines, U.S. P-8 Poseidon Jets Snoop on Them

    10/24/2014 8:23:02 PM PDT · by sukhoi-30mki · 10 replies
    The Wall Street Journal ^ | Oct. 24, 2014 | JEREMY PAGE
    OKINAWA, JapanóSwooping down to 500 feet over the western Pacific, Cmdr. Bill Pennington pilots his U.S. Navy P-8 Poseidon surveillance aircraft toward an unidentified vessel off southern Japan. In the back of the plane, a heavily modified Boeing 737, the crew homes in on the vessel using a barrage of surveillance equipment, including radar, GPS and infrared cameras. Further down the fuselage stand rows of tube-shaped sonar buoys that the crew can catapult into the sea and that float for up to eight hours as they track objects underwater. This is a dummy run: Todayís target is a Singaporean container...
  • Chinaís Submarine Fleet Adds Nuclear-Strike Capability, Altering Strategic Balance Undersea

    10/24/2014 9:14:14 AM PDT · by sukhoi-30mki · 2 replies
    The Wall Street Journal ^ | Oct. 24, 2014 | JEREMY PAGE
    One Sunday morning last December, Chinaís defense ministry summoned military attachťs from several embassies to its monolithic Beijing headquarters. To the foreignersí surprise, the Chinese said that one of their nuclear-powered submarines would soon pass through the Strait of Malacca, a passage between Malaysia and Indonesia that carries much of world trade, say people briefed on the meeting. Two days later, a Chinese attack subóa so-called hunter-killer, designed to seek out and destroy enemy vesselsóslipped through the strait above water and disappeared. It resurfaced near Sri Lanka and then in the Persian Gulf, say people familiar with its movements, before...
  • Union demands send Japanese firm, jobs packing from California town

    10/24/2014 2:47:29 AM PDT · by grundle · 30 replies
    Fox News ^ | October 23, 2014 | Perry Chiaramonte
    The California city of Palmdale was ready to roll out the red carpet this summer when a Japanese company agreed to build a $60 million factory on a city-owned, vacant parcel on the southwest side of town -- but now the company is taking its project out of state and critics say union greed is to blame. As many as 300 people were slated to work at the 400,000-square-foot plant, painting and wiring light rail cars under a huge contract with the Los Angeles Metropolitan Transportation Authority. It was a coup for Palmdale Mayor Jim Ledford, and a plan that...
  • China installs buoys in Pacific Ocean, report says

    10/22/2014 12:04:26 AM PDT · by wetphoenix · 3 replies
    China has installed 17 sets of submerged buoys in "key marine areas" of the western Pacific Ocean, state media said, a move that could exacerbate territorial tensions in the region. The mission carried out by the Chinese research vessel Kexue "marks the first time that China has put an array of submerged buoys on such a big scale", the official Xinhua news agency reported late Tuesday.