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Kansai Electric likely to be in red in FY 2014

OSAKA, Japan - Kansai Electric Power Co. President Makoto Yagi attends a press conference in Osaka, Japan, on Oct. 29, 2014. He said the utility may post its fourth straight group net loss in fiscal 2014 unless its idled nuclear reactors come back online, amid surging costs for fossil fuels in the absence of nuclear power following the 2011 Fukushima meltdowns.

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USJ visitors in FY 2014 likely to hit all-time high

OSAJA, Japan - Universal Studios Japan executive Tsuyoshi Morioka says at a press conference in Osaka on July 31, 2014, that the number of visitors to the western Japan amusement park in fiscal 2014 ending next March is likely to surpass the current annual record of 11 million posted in fiscal 2011 thanks to a new attraction based on the Harry Potter film franchise.

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Nissan logs 341 bil. yen net profit for FY 2011

TOKYO, Japan - Nissan Motor Co. Chief Executive Officer Carlos Ghosn speaks during a press conference at the company's head office in Yokohama, near Tokyo, on May 11, 2012. Nissan reported a consolidated net profit of 341.43 billion yen for financial 2011, up 7.0 percent from the year before, exceeding Toyota Motor Corp.'s 283.56 billion yen to become the best-performing Japanese automaker.

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Toyota halves FY 2011 net profit forecast

TOKYO, Japan - Toyota Motor Corp. Executive Vice President Satoshi Ozawa speaks during a press conference in Tokyo on Dec. 9, 2011. The Japanese automaker slashed its full-year net profit forecast to 180 billion yen from 390 billion yen, reflecting the impact of the strong yen and supply chain disruptions triggered by the flooding in Thailand.

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Panasonic expects 420 bil. yen net loss in FY 2011

TOKYO, Japan - Panasonic Corp. President Fumio Otsubo attends a news conference in Tokyo on Oct. 31, 2011. The company said it is anticipating a huge group net loss of 420 billion yen for the fiscal year ending March as it faces restructuring costs related to its loss-making businesses, a reversal from a profit of 74.02 billion yen in the previous year.

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CORRECTED Secretaries general of DPJ, LDP, New Komeito

TOKYO, Japan - ADDING 'PARTY' AFTER NEW KOMEITO Secretaries general of the ruling and two largest opposition parties -- (from R) Azuma Koshiishi of the Democratic Party of Japan, Nobuteru Ishihara of the Liberal Democratic Party, and Yoshihisa Inoue of New Komeito party -- hold talks at the Diet building in Tokyo on Oct. 6, 2011. The DPJ called for the opposition parties' cooperation to secure quick Diet passage of the third extra budget for FY 2011, designed to fund reconstruction of areas devastated by the March 11 earthquake and tsunami.

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BOJ cuts growth forecast for FY 2011

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa attends a press conference at the central bank's headquarters in Tokyo on April 28, 2011. The BOJ downgraded its economic growth forecast for fiscal 2011 to 0.6 percent from an earlier projected 1.6 percent as the country has been seriously damaged by the March 11 earthquake and tsunami.

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Kan says FY 2011 budget vital for Japan's economic recovery

TOKYO, Japan - Japanese Prime Minister Naoto Kan (L) and Sadakazu Tanigaki, president of the main opposition Liberal Democratic Party, exchange words ahead of their debate in the Diet on Feb. 23, 2011. Kan told opposition party leaders that the country must avoid ''pouring cold water on the economy'' as he stressed the importance of parliamentary passage of the fiscal 2011 budget and related bills.

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LDP disagrees with FY 2011 budget, tax-related bills

TOKYO, Japan - Main opposition Liberal Democratic Party President Sadakazu Tanigaki (L) greets members of Japan's largest business lobby Nippon Keidanren in Tokyo on Feb. 21, 2011. Tanigaki said the LDP disagrees with the government's fiscal 2011 budget and related tax bills, refusing to heed Keidanren chief Hiromasa Yonekura's call for it to cooperate to implement the budget.

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Japan drafts record-high FY 2011 budget

TOKYO, Japan - Japanese Prime Minister Naoto Kan attends a meeting with the members of his Cabinet at the premier's office in Tokyo on Dec. 24, 2010, to finalize a record-high draft budget for fiscal 2011.

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Japan drafts record-high FY 2011 budget

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda speaks at a press conference at the Finance Ministry in Tokyo on Dec. 24, 2010. The government approved a record-high draft budget the same day for fiscal 2011.

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Japan drafts record-high FY 2011 budget

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda speaks at a press conference at the Finance Ministry in Tokyo on Dec. 24, 2010. The government approved a record-high draft budget the same day for fiscal 2011.

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FY 2011 budget to cap gov't spending at 71 tril. yen

TOKYO, Japan - (from L) Finance Minister Yoshihiko Noda, Prime Minister Naoto Kan and Chief Cabinet Secretary Yoshito Sengoku attend a budget meeting of Cabinet ministers at the premier's office in Tokyo on July 20, 2010. The Cabinet decided to cap the government's annual spending at 71 trillion yen for the year through March 2012.

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Gov't goal of primary balance surplus in FY 2011 unattainable

TOKYO, Japan - Finance Minister Kaoru Yosano speaks during a session of the House of Councillors Budget Committee on May 20. Yosano said the government's long-held goal of achieving a surplus in the primary balance during fiscal 2011 is no longer attainable.

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Panel OKs plan to raise sales tax from FY 2011 at earliest

TOKYO, Japan - Prime Minister Taro Aso speaks during a meeting of the Council on Economic and Fiscal Policy at the prime minister's office on Dec. 16. At right is Economic and Fiscal Policy Minister Kaoru Yosano. The panel endorsed a plan to raise the nation's consumption tax from fiscal 2011 at the earliest and to amend legislation to lay the groundwork for the tax increase in 2010.

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Panel OKs plan to raise sales tax from FY 2011 at earliest

TOKYO, Japan - Prime Minister Taro Aso speaks during a meeting of the Council on Economic and Fiscal Policy at the prime minister's office on Dec. 16. At right is Economic and Fiscal Policy Minister Kaoru Yosano. The panel endorsed a plan to raise the nation's consumption tax from fiscal 2011 at the earliest and to amend legislation to lay the groundwork for the tax increase in 2010. (Kyodo)

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Gov't goal of primary balance surplus in FY 2011 unattainable

TOKYO, Japan - Finance Minister Kaoru Yosano speaks during a session of the House of Councillors Budget Committee on May 20. Yosano said the government's long-held goal of achieving a surplus in the primary balance during fiscal 2011 is no longer attainable. (Kyodo)

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FY 2011 budget to cap gov't spending at 71 tril. yen

TOKYO, Japan - (from L) Finance Minister Yoshihiko Noda, Prime Minister Naoto Kan and Chief Cabinet Secretary Yoshito Sengoku attend a budget meeting of Cabinet ministers at the premier's office in Tokyo on July 20, 2010. The Cabinet decided to cap the government's annual spending at 71 trillion yen for the year through March 2012. (Kyodo)

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Nissan logs 341 bil. yen net profit for FY 2011

TOKYO, Japan - Nissan Motor Co. Chief Executive Officer Carlos Ghosn speaks during a press conference at the company's head office in Yokohama, near Tokyo, on May 11, 2012. Nissan reported a consolidated net profit of 341.43 billion yen for financial 2011, up 7.0 percent from the year before, exceeding Toyota Motor Corp.'s 283.56 billion yen to become the best-performing Japanese automaker. (Kyodo)

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BOJ cuts growth forecast for FY 2011

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa attends a press conference at the central bank's headquarters in Tokyo on April 28, 2011. The BOJ downgraded its economic growth forecast for fiscal 2011 to 0.6 percent from an earlier projected 1.6 percent as the country has been seriously damaged by the March 11 earthquake and tsunami. (Kyodo)

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Kan says FY 2011 budget vital for Japan's economic recovery

TOKYO, Japan - Japanese Prime Minister Naoto Kan (L) and Sadakazu Tanigaki, president of the main opposition Liberal Democratic Party, exchange words ahead of their debate in the Diet on Feb. 23, 2011. Kan told opposition party leaders that the country must avoid ''pouring cold water on the economy'' as he stressed the importance of parliamentary passage of the fiscal 2011 budget and related bills. (Kyodo)

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LDP disagrees with FY 2011 budget, tax-related bills

TOKYO, Japan - Main opposition Liberal Democratic Party President Sadakazu Tanigaki (L) greets members of Japan's largest business lobby Nippon Keidanren in Tokyo on Feb. 21, 2011. Tanigaki said the LDP disagrees with the government's fiscal 2011 budget and related tax bills, refusing to heed Keidanren chief Hiromasa Yonekura's call for it to cooperate to implement the budget. (Kyodo)

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Toyota halves FY 2011 net profit forecast

TOKYO, Japan - Toyota Motor Corp. Executive Vice President Satoshi Ozawa speaks during a press conference in Tokyo on Dec. 9, 2011. The Japanese automaker slashed its full-year net profit forecast to 180 billion yen from 390 billion yen, reflecting the impact of the strong yen and supply chain disruptions triggered by the flooding in Thailand. (Kyodo)

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Gov't drafts record-high budget for FY 2011

TOKYO, Japan - Japanese Prime Minister Naoto Kan speaks during an interview at his office in Tokyo on Dec. 24, 2010, after his Cabinet approved a record-high draft budget for fiscal 2011. (Pool photo)(Kyodo)

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Gov't drafts record-high budget for FY 2011

TOKYO, Japan - Japanese Prime Minister Naoto Kan speaks during an interview at his office in Tokyo on Dec. 24, 2010, after his Cabinet approved a record-high draft budget for fiscal 2011. (Pool photo)(Kyodo)

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Japan drafts record-high FY 2011 budget

TOKYO, Japan - Japanese Prime Minister Naoto Kan attends a meeting with the members of his Cabinet at the premier's office in Tokyo on Dec. 24, 2010, to finalize a record-high draft budget for fiscal 2011. (Kyodo)

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Japan drafts record-high FY 2011 budget

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda speaks at a press conference at the Finance Ministry in Tokyo on Dec. 24, 2010. The government approved a record-high draft budget the same day for fiscal 2011. (Kyodo)

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Japan drafts record-high FY 2011 budget

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda speaks at a press conference at the Finance Ministry in Tokyo on Dec. 24, 2010. The government approved a record-high draft budget the same day for fiscal 2011. (Kyodo)

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CORRECTED Secretaries general of DPJ, LDP, New Komeito

TOKYO, Japan - ADDING 'PARTY' AFTER NEW KOMEITO Secretaries general of the ruling and two largest opposition parties -- (from R) Azuma Koshiishi of the Democratic Party of Japan, Nobuteru Ishihara of the Liberal Democratic Party, and Yoshihisa Inoue of New Komeito party -- hold talks at the Diet building in Tokyo on Oct. 6, 2011. The DPJ called for the opposition parties' cooperation to secure quick Diet passage of the third extra budget for FY 2011, designed to fund reconstruction of areas devastated by the March 11 earthquake and tsunami. (Kyodo)

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Panasonic expects 420 bil. yen net loss in FY 2011

TOKYO, Japan - Panasonic Corp. President Fumio Otsubo attends a news conference in Tokyo on Oct. 31, 2011. The company said it is anticipating a huge group net loss of 420 billion yen for the fiscal year ending March as it faces restructuring costs related to its loss-making businesses, a reversal from a profit of 74.02 billion yen in the previous year. (Kyodo)