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Obama Creates Fiscal Commission

United States President Barack Obama delivers remarks and then signs an executive order creating the bipartisan National Commission on Fiscal Responsibility and Reform on Thursday, February 18, 2010. The event was held in the Diplomatic Reception Room. Vice President Joe Biden was also on hand for the event as well as the co-chairs, Erskine Bowles and Alan Simpson. .Photo by Gary Fabiano / Pool via CNP/ABACAPRESS.COM

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Obama Creates Fiscal Commission

United States President Barack Obama delivers remarks and then signs an executive order creating the bipartisan National Commission on Fiscal Responsibility and Reform on Thursday, February 18, 2010. The event was held in the Diplomatic Reception Room. Vice President Joe Biden was also on hand for the event as well as the co-chairs, Erskine Bowles and Alan Simpson. .Photo by Gary Fabiano / Pool via CNP/ABACAPRESS.COM

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Obama Creates Fiscal Commission

United States President Barack Obama delivers remarks and then signs an executive order creating the bipartisan National Commission on Fiscal Responsibility and Reform on Thursday, February 18, 2010. The event was held in the Diplomatic Reception Room. Vice President Joe Biden was also on hand for the event as well as the co-chairs, Erskine Bowles and Alan Simpson. .Photo by Gary Fabiano / Pool via CNP/ABACAPRESS.COM

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Japan economy minister comments on GDP

TOKYO, Japan - Satoshi Arai, Japanese economic and fiscal policy minister, speaks at a press conference in Tokyo on Aug. 16, 2010, after the government announced the economy grew an annualized real 0.4 percent in the April-June quarter. ''The latest data show the economy continued to steadily pick up,'' Arai said.

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Japan economy minister comments on GDP

TOKYO, Japan - Satoshi Arai, Japanese economic and fiscal policy minister, speaks at a press conference in Tokyo on Aug. 16, 2010, after the government announced the economy grew an annualized real 0.4 percent in the April-June quarter. ''The latest data show the economy continued to steadily pick up,'' Arai said.

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23 Myanmar refugees arrive in Japan on resettlement program

BANGKOK, Thailand - Twenty-three refugees from Myanmar are pictured at Bangkok's international airport on Sept. 26, 2014, before their departure for Japan. The refugees who had fled to Thailand arrived in Tokyo later in the day as the last group under a Japanese pilot resettlement program begun in fiscal 2010.

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JAL President Ueki at press conference

TOKYO, Japan - Japan Airlines Co.'s new President Yoshiharu Ueki gives a press conference at the airline's head office in Tokyo on Feb. 15, 2012. JAL, currently undergoing rehabilitation after filing for bankruptcy in 2010, said it aims to raise its operating profit to 140 billion yen in fiscal 2013 in a five-year management plan announced the same day.

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Sony to fall into red for 3rd year

TOKYO, Japan - Sony Corp. Chief Financial Officer Masaru Kato attends a news conference in Tokyo on May 23, 2011, to announce that the company expects to fall into the red in fiscal 2010 for the third straight year with a group net loss of 260 billion yen due mainly to the effects of the March 11 earthquake and tsunami.

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Toyota 2010 earnings briefing

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda speaks during a press conference on the company's earnings report for the fiscal year 2010 ending March 31, on May 11, 2011, in Tokyo. The company's net profit rose twofold from the previous year but fell short of its projection due to the effects of the March 11 earthquake and tsunami in Japan.

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Toyota 2010 earnings briefing

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda looks pensive during a press conference on the company's earnings report for the fiscal year 2010 ending March 31, on May 11, 2011, in Tokyo. The company's net profit rose twofold from the previous year but fell short of its projection due to the effects of the March 11 earthquake and tsunami in Japan.

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Toyota 2010 earnings briefing

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda speaks during a press conference on the company's earnings report for the fiscal year 2010 ending March 31, on May 11, 2011, in Tokyo. The company's net profit rose twofold from the previous year but fell short of its projection due to the effects of the March 11 earthquake and tsunami in Japan.

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Remains from Iwoto

TOKYO, Japan - Participants in a government sponsored ceremony on Feb. 15, 2011, at Chidorigafuchi National Cemetery in Tokyo offer prayers for Japanese soldiers who died on Iwoto Island in the closing days of World War II. In the ceremony, the remains of possibly 822 soldiers, discovered by a government team on the island in fiscal 2010, were handed over to the health ministry in charge of their management.

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Remains from Iwoto

TOKYO, Japan - Boxes containing the remains of possibly 822 Japanese soldiers who died on Iwoto Island in the closing days of World War II are carried during a ceremony at Chidorigafuchi National Cemetery in Tokyo on Feb. 15, 2011. In the ceremony, the remains discovered by a government team on the island in fiscal 2010 were handed over to the health ministry in charge of their management.

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Remains from Iwoto

TOKYO, Japan - Japanese Prime Minister Naoto Kan (C) offers flowers during a ceremony at Chidorigafuchi National Cemetery in Tokyo on Feb. 15, 2011. In the ceremony, the remains of possibly 822 Japanese soldiers discovered by a government team on Iwoto Island in fiscal 2010 were handed over to the health ministry in charge of their management.

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Japan welcomes China's becoming world's No.2 economy

TOKYO, Japan - Japan's economic and fiscal policy minister Kaoru Yosano speaks during a press conference in Tokyo on the country's gross domestic product data for the Oct.-Dec. quarter and the whole of 2010. ''We welcome China's economic advancement as a neighboring country,'' Yosano said after the Cabinet Office announced preliminary GDP data for 2010 that showed Japan falling into third place and China becoming the world's No. 2 economy.

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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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Huis Ten Bosch theme park in Nagasaki Pref.

SASEBO, Japan - Hideo Sawada, president of Huis Ten Bosch Co., speaks during a press conference in Sasebo, Nagasaki Prefecture, on Dec. 22, 2010. Sawada said that for the first half of fiscal 2010, the theme park recorded its first net profit since opening in 1992.

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Huis Ten Bosch theme park in Nagasaki Pref.

SASEBO, Japan - Visitors stroll along a walkway inside Huis Ten Bosch, a theme park resort modeled on a mediaeval 17th century Dutch town, in Sasebo, Nagasaki Prefecture, on Dec. 22, 2010. For the first half of fiscal 2010, the theme park recorded its first net profit since opening in 1992.

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Fuji Heavy targets global sales of 800,000 to 900,000 cars in FY 2015

TOKYO, Japan - Ikuo Mori, president of Japanese auto manufacturer Fuji Heavy Industries Ltd., speaks during a recent interview with Kyodo News. He said the company has set a global sales target of 800,000 to 900,000 cars for fiscal 2015, over 20 percent more than the goal for fiscal 2010.

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Kan, SDP leader Fukushima meet

TOKYO, Japan - Japanese Prime Minister Naoto Kan (R) and opposition Social Democratic Party leader Mizuho Fukushima shake hands at the prime minister's office in Tokyo on Dec. 6, 2010. Fukushima urged Kan to uphold Japan's longstanding arms export ban policy or likely risk losing her party's cooperation over the fiscal 2011 budget.

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JR Tokai eyes pay maglev train test rides

TOKYO, Japan - Central Japan Railway Co. Chairman Yoshiyuki Kasai speaks at the Foreign Correspondents' Club of Japan in Tokyo on Nov. 24, 2010. Kasai said the railway company, known as JR Tokai, will aim to carry out pay demonstration rides for its maglev train on a test line in Yamanashi Prefecture in fiscal 2014.

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Japan, Mongolia aim to start FTA talks

TOKYO, Japan - Japanese Prime Minister Naoto Kan (R) and Mongolian President Tsakhia Elbegdorj shake hands ahead of their meeting in Tokyo on Nov. 19, 2010. The two leaders agreed to accelerate their preliminary studies so they can start negotiations on a bilateral free trade agreement at an early stage in fiscal 2011.

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Japan, Mongolia aim to start FTA talks

TOKYO, Japan - Japanese Prime Minister Naoto Kan (R) and Mongolian President Tsakhia Elbegdorj (L) hold talks at the Japanese premier's office in Tokyo on Nov. 19, 2010. The countries agreed to accelerate their preliminary studies so they can start negotiations on a bilateral free trade agreement at an early stage in fiscal 2011.

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Japan economic minister comments on GDP

TOKYO, Japan - Banri Kaieda, Japanese economic and fiscal policy minister, speaks at a press conference in Tokyo on Nov. 15, 2010. Kaieda said, commenting on gross domestic product data in the July-September period, that Japan's economy is stalling despite growth in the quarter.

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Hokkaido shinkansen preparations

HAKODATE, Japan - Workers renew power supply lines in the Omonai Tunnel in Shiriuchi, Hokkaido, on Nov. 9, 2010, in preparation for the extension of the shinkansen bullet train to the northernmost Japan prefecture planned for the fiscal year through March 2016.

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Hokkaido shinkansen preparations

HAKODATE, Japan - Workers renew power supply lines in the Omonai Tunnel in Shiriuchi, Hokkaido, on Nov. 9, 2010, in preparation for the extension of the shinkansen bullet train to the northernmost Japan prefecture planned for the fiscal year through March 2016.

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Hokkaido shinkansen preparations

HAKODATE, Japan - Workers renew power supply lines in the Omonai Tunnel in Shiriuchi, Hokkaido, on Nov. 9, 2010, in preparation for the extension of the shinkansen bullet train to the northernmost Japan prefecture planned for the fiscal year through March 2016.

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Toyota returns to black in April-Sept.

TOKYO, Japan - Toyota Motor Corp. Executive Vice President Satoshi Ozawa is surrounded by reporters after a press conference in Tokyo announcing the company's financial results for the April-September first half of fiscal 2010 on Nov. 5, 2010. Toyota returned to the black in the period as robust global sales more than offset the impact of the strong yen.

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Toyota returns to black in April-Sept., raises profit outlook

TOKYO, Japan - Toyota Motor Corp. Executive Vice President Satoshi Ozawa speaks during a press conference in Tokyo to announce the company's financial results for the April-September first half of fiscal 2010 on Nov. 5, 2010. Toyota returned to the black in the period as robust global sales more than offset the impact of the strong yen.

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Toyota returns to black in April-Sept.

TOKYO, Japan - Toyota Motor Corp. Executive Vice President Satoshi Ozawa is surrounded by reporters after a press conference in Tokyo announcing the company's financial results for the April-September first half of fiscal 2010 on Nov. 5, 2010. Toyota returned to the black in the period as robust global sales more than offset the impact of the strong yen.

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Hitachi returns to black

TOKYO, Japan - Hitachi Ltd. Executive Vice President Takashi Miyoshi announces the company's financial results for the April-September period during a news conference in Tokyo on Nov. 2, 2010. The company swung back into the black with a record-high net profit on a fiscal first-half basis.

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Okinawa calls for new development law

TOKYO, Japan - Okinawa Gov. Hirokazu Nakaima (C) speaks to reporters at the prime minister's office in Tokyo on Oct. 26, 2010 after attending the first meeting of a panel on promotion and development of Okinawa. Nakaima said he requested new legislation on the prefecture's development since the current law is scheduled to expire at the end of fiscal 2011, or March 2012.

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PM Kan at House of Representatives Budget Committee

TOKYO, Japan - Japanese Prime Minister Naoto Kan speaks at a meeting of the House of Representatives Budget Committee in Tokyo on Oct. 12, 2010. Kan called for the opposition bloc's cooperation in approving the fiscal 2010 supplementary budget during the current Diet session.

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Japan's economic and fiscal policy minister Kaieda

TOKYO, Japan - Japanese economic and fiscal policy minister Banri Kaieda speaks at a press conference at the prime minister's office in Tokyo on Sept. 18, 2010, after taking the post in a reshuffle of Prime Minister Naoto Kan's Cabinet.

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Japan's economic and fiscal policy minister Kaieda

TOKYO, Japan - Japanese economic and fiscal policy minister Banri Kaieda speaks at a press conference at the prime minister's office in Tokyo on Sept. 18, 2010, after taking the post in a reshuffle of Prime Minister Naoto Kan's Cabinet.

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Japan's new economic policy minister Kaieda

TOKYO, Japan - Lower house member Banri Kaieda enters the prime minister's office in Tokyo on Sept. 17, 2010, after being named as minister for economic and fiscal policy in Prime Minister Naoto Kan's reshuffled Cabinet. Kaieda is close to Kan's rival Ichiro Ozawa, a bigwig of Kan's ruling Democratic Party of Japan.

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New national policy minister Gemba

TOKYO, Japan - Koichiro Gemba, new national policy minister, walks to the prime minister's office in Tokyo on Sept. 17, 2010. Gemba is known as a fiscal conservative advocating the need to discuss raising the nation's consumption tax and review the Democratic Party of Japan's campaign pledges in the 2009 general election.

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New national policy minister Gemba

TOKYO, Japan - Koichiro Gemba, new national policy minister, speaks to reporters at the prime minister's office in Tokyo on Sept. 16, 2010, the night before he was appointed as national policy chief. Gemba is known as a fiscal conservative advocating the need to discuss raising the nation's consumption tax and review the Democratic Party of Japan's campaign pledges in the 2009 general election.

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Spain PM vows reforms to allay concerns over fiscal health

TOKYO, Japan - Spanish Prime Minister Jose Luis Rodriguez Zapatero speaks at the Japan National Press Club in Tokyo on Sept. 1, 2010. Zapatero said his government has been implementing austerity measures and various structural reforms to allay investors' concerns over his country's fiscal health.

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Gov't to use 920 bil. yen in reserve funds for fresh economic steps

TOKYO, Japan - Japanese Prime Minister Naoto Kan addresses an economic ministers' meeting at his office on Aug. 30, 2010. The government said it will use 920 billion yen in reserve funds in the fiscal 2010 budget to adopt fresh economy-spurring measures by the end of September.

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Bioplastic made from nutshells

TOKYO, Japan - NEC Corp. unveils bioplastic made by bonding cardanol, a primary component of cashew nut shells, and cellulose, a main component of plant stems, in Tokyo on Aug. 25, 2010. NEC is aiming for the commercialization of the product by fiscal 2013.

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Renesas to cut 4,000 jobs

TOKYO, Japan - Renesas Electronics Corp. President Yasushi Akao speaks at a news conference in Tokyo on July 29, 2010. The computer chip maker announced it will cut 4,000 employees by fiscal 2012 to improve production and development.

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Mitsubishi Corp. targets 500 bil. yen net profit in FY 2012

TOKYO, Japan - Mitsubishi Corp. President Ken Kobayashi speaks during a news conference in Tokyo on July 16, 2010. The company announced that it is targeting consolidated net profit of 500 billion yen in fiscal 2012.

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French PM Fillon meets with Japan PM Kan

TOKYO, Japan - Japanese Prime Minister Naoto Kan shakes hands with visiting French Prime Minister Francois Fillon at the premier's office in Tokyo on July 16, 2010. The leaders agreed it is important to implement economic measures focusing on both fiscal reconstruction and economic growth.

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BOJ raises Japan's fiscal 2010 growth projection

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa leaves a press conference at the central bank's headquarters in Tokyo on July 15, 2010, following a two-day policy meeting. Shirakawa said that Japan's economy is on a recovery trend despite the yen's rise and a decline in stock prices.

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BOJ raises Japan's fiscal 2010 growth projection

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa speaks during a press conference at the central bank's headquarters in Tokyo on July 15, 2010, following a two-day policy meeting. Shirakawa said that Japan's economy is on a recovery trend despite the yen's rise and a decline in stock prices.

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BOJ raises Japan's fiscal 2010 growth projection

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa arrives for a press conference at the central bank's headquarters in Tokyo on July 15, 2010, following a two-day policy meeting. Shirakawa said that Japan's economy is on a recovery trend despite the yen's rise and a decline in stock prices.

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Kan hints at giving up on formulating tax reform by next March

TOKYO, Japan - Prime Minister Naoto Kan speaks to reporters at the prime minister's office in Tokyo on July 14, 2010. Kan indicated that he would give up on compiling the details of a tax reform plan by the March 31 end of fiscal 2010.