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Obama and Biden Meet Commission on Fiscal Responsibility

United States President Barack Obama holds a meeting in the Oval Office of the White House in Washington, D.C. on April; 14, 2011 with Vice President Joe Biden, Secretary of Treasury Timothy Geithner, Erskine Bowles and Alan Simpson, the co-chairs of President Obama's National Commission on Fiscal Responsibility and Reform..Photo by Gary Fabiano / Pool via CNP/ABACAPRESS.COM

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Obama and Biden Meet Commission on Fiscal Responsibility

United States President Barack Obama holds a meeting in the Oval Office of the White House in Washington, D.C. on April; 14, 2011 with Vice President Joe Biden, Secretary of Treasury Timothy Geithner, Erskine Bowles and Alan Simpson, the co-chairs of President Obama's National Commission on Fiscal Responsibility and Reform..Photo by Gary Fabiano / Pool via CNP/ABACAPRESS.COM

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Obama and Biden Meet Commission on Fiscal Responsibility

United States President Barack Obama holds a meeting in the Oval Office of the White House in Washington, D.C. on April; 14, 2011 with Vice President Joe Biden, Secretary of Treasury Timothy Geithner, Erskine Bowles and Alan Simpson, the co-chairs of President Obama's National Commission on Fiscal Responsibility and Reform..Photo by Gary Fabiano / Pool via CNP/ABACAPRESS.COM

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Obama and Biden Meet Commission on Fiscal Responsibility

United States President Barack Obama holds a meeting in the Oval Office of the White House in Washington, D.C. on April; 14, 2011 with Vice President Joe Biden, Secretary of Treasury Timothy Geithner, Erskine Bowles and Alan Simpson, the co-chairs of President Obama's National Commission on Fiscal Responsibility and Reform..Photo by Gary Fabiano / Pool via CNP/ABACAPRESS.COM

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Obama and Biden Meet Commission on Fiscal Responsibility

United States President Barack Obama holds a meeting in the Oval Office of the White House in Washington, D.C. on April; 14, 2011 with Vice President Joe Biden, Secretary of Treasury Timothy Geithner, Erskine Bowles and Alan Simpson, the co-chairs of President Obama's National Commission on Fiscal Responsibility and Reform..Photo by Gary Fabiano / Pool via CNP/ABACAPRESS.COM

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India's industrial production grows 5.7 pct in July

STORY: India's industrial production grows 5.7 pct in July DATELINE: Sept. 13, 2023 LENGTH: 00:01:40 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of wheels factory 3. various of factories 4. various of traffic in India STORYLINE: India's factory activity, determined by the Index of Industrial Production (IIP), grew 5.7 percent in July, the government data showed Tuesday. For the month, the quick estimates of IIP with the 2011-12 fiscal year's base stand at 142. The indices of industrial production for the mining, manufacturing and electricity sectors in July stand at 111.9, 141.2 and 204 respectively, according to the data of the Ministry of statistics and Program Implementation. As per use-based classification, the indices stand at 141.7 for primary goods, 101.6 for capital goods, 151.8 for intermediate goods and 168.5 for infrastructure and construction goods, said the ministry. In addition, the indices for consumer durables and consumer non-durables stand at 118

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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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Skymark discusses review of international operation plan

TOKYO, Japan - Skymark Airlines Inc. President Shinichi Nishikubo (C) holds a model of an A380 aircraft with executives of Airbus S.A.S at the Airbus head office in France in February 2011. Skymark said July 29, 2014, it is studying a major review of its plan to launch international services in fiscal 2014.

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Japan's GDP surges

TOKYO, Japan - Economic and fiscal policy minister Akira Amari holds a press conference at the Cabinet Office in Tokyo after the country's gross domestic product data for the opening quarter of 2014 was released May 15, 2014. Japan's economy grew in the January-March quarter at its fastest pace since the recovery period from the 2011 earthquake and tsunami, buoyed by a rush in demand ahead of the first consumption tax hike in 17 years on April 1, the government said.

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TEPCO logs group net profit

TOKYO, Japan - Tokyo Electric Power Co. President Naomi Hirose gives a press conference on the utility's earnings in the first half of fiscal 2013 at the company's head office in Tokyo on Oct. 31, 2013. TEPCO reported a group net profit of 616.20 billion yen for the April-September period, swinging into the black on a half-year basis for the first time since the nuclear disaster at its Fukushima Daiichi complex in 2011.

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Japan's greenhouse gas emissions

DOHA, Qatar - Japanese Environment Minister Hiroyuki Nagahama answers reporters' questions on Dec. 5, 2012, in Doha, Qatar, where the 18th United Nations Conference of the Parties to the U.N. Framework Convention on Climate Change is being held. Greenhouse gases equivalent to 1,307 million tons of carbon dioxide were emitted in Japan in fiscal 2011 through March 2012, up 3.9 percent from the previous year, the Environment Ministry said the same day in a preliminary report.

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TEPCO logs 299 bil. yen group net loss for 2nd qtr

TOKYO, Japan - Tokyo Electric Power Co. President Naomi Hirose speaks about the outlook for fiscal 2012 ending March 31 at the company's head office in Tokyo on Oct. 31, 2012. The utility known as TEPCO reported a group net loss of 299.48 billion yen for the April to September half, pressured by higher fossil fuel costs to make up for the halt in nuclear power generation following the disaster at its Fukushima Daiichi complex in 2011.

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Yosano to retire from politics

TOKYO, Japan - Undated file photo shows Japanese veteran lawmaker Kaoru Yosano. He will not run in the next general election and will retire from politics due to health problems, sources close to him said on Sept. 5, 2012. Yosano joined the Cabinet of then Prime Minister Naoto Kan as economic and fiscal policy minister in January 2011 and played a major role in drawing up Japan's controversial sales tax hike plan.

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Coming-of-age ceremony in Fukushima

KAWAUCHI, Japan - Young women smile after a ceremony for young people coming of age this fiscal year in the Fukushima Prefecture village of Kawauchi on Aug. 14, 2012. Some villagers returned home earlier this year after all the villagers were forced to evacuate in the wake of the nuclear crisis in 2011.

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Coming-of-age ceremony in Fukushima

KAWAUCHI, Japan - Kawauchi Mayor Yuko Endo (R) hands a certificate to a young woman during a ceremony for young people coming of age this fiscal year in the Fukushima Prefecture village of Kawauchi on Aug. 14, 2012. Some villagers returned home earlier this year after all the villagers were forced to evacuate in the wake of the nuclear crisis in 2011.

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8 babies left at 'baby hatch' in Kumamoto

KUMAMOTO, Japan - Taiji Hasuda, president of Jikei Hospital in Kumamoto, speaks at a press conference in the southwestern Japanese city on May 22, 2012. Eight infants were left during fiscal 2011 at the ''baby hatch'' facility for unwanted newborns set up at the hospital, the lowest number since it opened in May 2007, the Kumamoto city office said the same day.

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Fugen reactor decommissioning to be postponed 5 yrs

NAGOYA, Japan - File photo taken in June 2011 shows the prototype advanced converter reactor Fugen in Tsuruga, Fukui Prefecture. The Japan Atomic Energy Agency said March 22, 2012 that it will postpone the planned decommissioning of Fugen for five years and until fiscal 2033.

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Major Japanese manufacturers offer reduced bonuses

TOKYO, Japan - An official of the Japan Council of Metalworkers' Unions writes downs offers received by its member labor unions from management during spring wage negotiations at its office in Tokyo on March 14, 2012. Major Japanese manufacturers offered reduced bonuses the same day for fiscal 2012 starting next month, citing a deterioration in the business environment in the wake of the March 2011 earthquake and the yen's historic strength.

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Lower house OKs 4th extra budget

TOKYO, Japan - Prime Minister Yoshihiko Noda (far R) and members of his Cabinet bow deeply at a plenary session of the House of Representatives in Tokyo on Feb. 3, 2012, after the lower house approved a fourth supplementary budget for fiscal 2011 that will finance relief measures following the March earthquake and tsunami.

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Panasonic head office in Osaka Pref.

OSAKA, Japan - Photo taken in January 2012 shows the head office of electronics maker Panasonic Corp. in Kadoma, Osaka Prefecture. Panasonic is expected to book a record group net loss of over 700 billion yen in fiscal 2011 through March 31, 2012, deeper than a 420 billion yen loss it previously estimated, sources familiar with the matter said Feb. 3, 2012.

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JAL logs profit

TOKYO, Japan - Japan Airlines Co. Chairman Kazuo Inamori (L) and President Masaru Onishi attend a press conference in Tokyo on Feb. 2, 2012. The airline, which was undergoing rehabilitation, reported a group operating profit of 161.66 billion yen in the April to December period on cost-cutting efforts and revised upward its operating profit projection for fiscal 2011 by 40 billion yen to 180 billion yen.

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Commemorating war dead on Iwoto Island

TOKYO, Japan - Participants of a ceremony including kin of Japanese soldiers who perished in the World War II battle on Iwoto Island offer flowers to commemorate them on the island on Jan. 25, 2012. The annual ceremony by the Tokyo metropolitan government is usually held in spring or summer but the fiscal 2011 ceremony was postponed due to a water shortage on the Pacific island, about 1,200 kilometers south of central Tokyo, and the March 2011 earthquake and tsunami. (Pool photo)

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BOJ chief Shirakawa at press conference

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa speaks during a press conference at the central bank's headquarters in Tokyo on Jan. 24, 2012, after a policy meeting. The BOJ revised downward its forecast for Japan's economic growth in fiscal 2011.

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Finance minister Azumi at press conference

TOKYO, Japan - Japanese Finance Minister Jun Azumi speaks at a press conference at the Finance Ministry in Tokyo on Dec. 24, 2011, after the Cabinet of Prime Minister Yoshihiko Noda agreed on the initial budget for fiscal 2012 the same day. The government plans to submit the draft budget to parliament in early 2012.

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Gov't, DPJ agree to lower car weight tax

TOKYO, Japan - Japanese Prime Minister Yoshihiko Noda (R) speaks at the prime minister's office in Tokyo early on Dec. 10, 2011, after receiving a set of tax policy change proposals for fiscal 2012. The government and the ruling Democratic Party of Japan agreed to lower the car weight tax.

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Finance Minister Azumi at press conference

TOKYO, Japan - Japanese Finance Minister Jun Azumi attends a press conference at the Finance Ministry in Tokyo on Dec. 10, 2011, after Prime Minister Yoshihiko Noda's Cabinet approved an outline of tax policy changes for fiscal 2012.

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Lower house approves 3rd extra budget

TOKYO, Japan - Prime Minister Yoshihiko Noda (far R) and members of his Cabinet bow in the House of Representatives in the Diet building in Tokyo on Nov. 10, 2011, after Japan's third extra budget for fiscal 2011 cleared the lower house. The budget is designed to finance additional work to rebuild the country's northeastern areas in the wake of the March 11 earthquake and tsunami.

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Sony executive vice president Hirai

TOKYO, Japan - Sony Corp. Executive Deputy President Kazuo Hirai speaks at a press conference in Tokyo on Nov. 2, 2011. Sony Corp. announced that it expects to log a group net loss of 90 billion yen in fiscal 2011 for the fourth straight year of red ink due to a strong yen and sluggish performance in its mainstay television business.

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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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Opening ceremony for extra Diet session

TOKYO, Japan - Japanese Prime Minister Yoshihiko Noda (top) attends the opening ceremony of a 51-day extraordinary Diet session in the main hall of the House of Councillors in Tokyo on Oct. 21, 2011. The session, from Oct. 20 to Dec. 9, 2011, will discuss a 12.10 trillion yen fiscal 2011 third extra budget to finance full-fledged reconstruction of areas ravaged by the March 11 earthquake and tsunami.

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Extra Diet session ends

TOKYO, Japan - Japanese Prime Minister Yoshihiko Noda (2nd from R) and other lawmakers applaud in the Diet in Tokyo on Sept. 30, 2011, as an extraordinary Diet session, the first parliamentary session since the launch of the government under Noda on Sept. 2, ended the same day. A third extra budget for fiscal 2011 to finance postdisaster reconstruction efforts will be deliberated at the next session which is expected to be convened as early as mid-October.

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Gov't workers' wages to be cut

TOKYO, Japan - Japanese Prime Minister Yoshihiko Noda (R) receives an advisory from Takeshi Erikawa, president of the National Personnel Authority, on wages for central government workers at the prime minister's office in Tokyo on Sept. 30, 2011. The personnel board proposed a 0.23% cut in monthly salaries for government workers in fiscal 2011 for the third straight yearly decline, leading to a 15,000 yen cut in their average annual salaries to 6.37 million yen.

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PM Noda meets PNP leader Kamei

TOKYO, Japan - Japanese Prime Minister Yoshihiko Noda (R) and Shizuka Kamei, leader of ruling coalition partner the People's New Party, hold talks at the prime minister's office in Tokyo on Sept. 28, 2011. Noda and Kamei agreed on a third extra budget bill for fiscal 2011 and a tax hike plan to finance reconstruction following the March 11 earthquake and tsunami.

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PM Noda visits Nissan plant

YOKOHAMA, Japan - Japanese Prime Minister Yoshihiko Noda (R) listens to an explanation about the motor for electric vehicles at the Yokohama plant of Nissan Motor Co. in Kanagawa Prefecture on Sept. 19, 2011. Nissan President Carlos Ghosn (C) accompanied Noda. The prime minister told reporters afterwards that in the third supplementary budget for fiscal 2011, he plans to substantially increase the subsidy for building plants in the country. (Pool Photo)

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Japan to tackle historic yen surge

TOKYO, Japan - Motohisa Furukawa, Japan's economic and fiscal policy minister, answers reporters' questions after he and three other Cabinet members handling economic issues under new Prime Minister Yoshihiko Noda met in Tokyo on Sept. 4, 2011. The ministers agreed to quickly implement measures to stem the yen's historic surge.

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Japan gov't debt downgraded

TOKYO, Japan - Japanese Prime Minister Naoto Kan enters the prime minister's office in Tokyo on Aug. 24, 2011. Moody's Investors Service Inc. said the same day it has downgraded its credit rating for Japanese government bonds by one notch from Aa2 to Aa3. ''Over the past five years, frequent changes in administrations have prevented the government from implementing long-term economic and fiscal strategies into effective and durable policies,'' the U.S. rating agency said in its report.

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Kan at upper house

TOKYO, Japan - Prime Minister Naoko Kan speaks at a plenary session of the House of Councillors in Tokyo on Aug. 22, 2011. The upper house deliberated a bill the same day to allow the government to issue deficit-covering bonds in fiscal 2011.

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Kan at upper house

TOKYO, Japan - Prime Minister Naoko Kan (front) speaks at a plenary session of the House of Councillors in Tokyo on Aug. 22, 2011, with Finance Minister Yoshihiko Noda (R back) and Agriculture, Forestry and Fisheries Minister Michihiko Kano (L back) seen in the background. The upper house deliberated a bill the same day to allow the government to issue deficit-covering bonds in fiscal 2011.

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Deficit-financing bond bill approved by lower house

TOKYO, Japan - Photo taken on Aug. 11, 2011, shows the lower house plenary session in Tokyo which approved the same day the bill to allow the government to issue deficit-covering bonds in fiscal 2011.

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Lower house OKs 2nd extra budget for quake-relief work

TOKYO, Japan - Prime Minister Naoto Kan (R) and his Cabinet members bow after a 2-trillion-yen second extra budget for fiscal 2011 to finance reconstruction and relief works following the March 11 earthquake and tsunami was approved by the House of Representatives in Tokyo on July 20, 2011, before deliberations begin in the opposition-controlled House of Councillors.

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IHI to launch R&D firm for algae biofuel

TOKYO, Japan - Photo shows algae biofuel (front) and a bottle containing algae at the headquarters of heavy machinery maker IHI Corp. in Tokyo on July 7, 2011. The company said it will jointly establish a research and development company for algae biofuel in early August with a university venture, eyeing commercial production in fiscal 2020.

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Minister Yosano at press conference

TOKYO, Japan - Japanese economic and fiscal policy minister Kaoru Yosano speaks at a press conference in Tokyo on June 30, 2011, following an agreement between the government and Prime Minister Naoto Kan's Democratic Party of Japan on social security and tax reform plans the same day.

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Kan ready to quit after passing extra budget, 2 key bills

TOKYO, Japan - Prime Minister Naoto Kan speaks during a press conference at the prime minister's office in Tokyo on June 27, 2011. Kan said he is ready to quit after securing parliamentary passage of the second extra budget for fiscal 2011, a bill to enable the government to issue deficit-covering bonds and a bill to promote the use of renewable energy, meaning that he could resign by the end of August when the current Diet session ends.

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Nissan announces new business plan

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn announces the automaker's medium-term business plan from fiscal 2011 to 2016 dubbed ''Nissan Power 88'' during a news conference at the company's headquarters in Yokohama on June 27, 2011.

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PM Kan mulls resigning in July

TOKYO, Japan - Prime Minister Naoto Kan is pictured at his office in Tokyo on June 20, 2011, as he heads for a meeting with executives of his ruling Democratic Party of Japan at his official residence. Kan could step down in July in exchange for obtaining opposition cooperation to pass a new extra budget and a bill needed for the government to issue deficit-covering bonds in fiscal 2011, DPJ lawmakers said the same day.

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Sharp President Katayama

TOKYO, Japan - Sharp Corp. President Mikio Katayama speaks at a press conference on the company's earnings prospects in Tokyo on June 3, 2011. Sharp said the same day it expects its group net profit to fall 69.1 percent in fiscal 2011 from the previous year to 6 billion yen due to temporarily suspended operations at plants making large LCD panels, and impact from the March earthquake-tsunami disaster.

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Sony expecting to return to net profit

TOKYO, Japan - Sony Corp. Chief Financial Officer Masaru Kato (R) speaks during a press conference in Tokyo on May 26, 2011. Sony expects to return to the black on a net earnings basis in the current fiscal year for the first time in four years.

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Japan economy in May

TOKYO, Japan - Japanese Prime Minister Naoto Kan (2nd from R) and economic and fiscal policy minister Kaoru Yosano (R) attend a meeting of Cabinet ministers on a monthly report on the Japanese economy for May at the premier's office in Tokyo on May 24, 2011.

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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.

Obama and Biden Meet Commission on Fiscal Responsibility

Obama and Biden Meet Commission on Fiscal Responsibility

Obama and Biden Meet Commission on Fiscal Responsibility

Obama and Biden Meet Commission on Fiscal Responsibility

Obama and Biden Meet Commission on Fiscal Responsibility

India's industrial production grows 5.7 pct in July

Kansai Electric likely to be in red in FY 2014

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

Skymark discusses review of international operation plan

Japan's GDP surges

TEPCO logs group net profit

Japan's greenhouse gas emissions

TEPCO logs 299 bil. yen group net loss for 2nd qtr

Yosano to retire from politics

Coming-of-age ceremony in Fukushima

Coming-of-age ceremony in Fukushima

8 babies left at 'baby hatch' in Kumamoto

Fugen reactor decommissioning to be postponed 5 yrs

Major Japanese manufacturers offer reduced bonuses

Lower house OKs 4th extra budget

Panasonic head office in Osaka Pref.

JAL logs profit

Commemorating war dead on Iwoto Island

BOJ chief Shirakawa at press conference

Finance minister Azumi at press conference

Gov't, DPJ agree to lower car weight tax

Finance Minister Azumi at press conference

Lower house approves 3rd extra budget

Sony executive vice president Hirai

Panasonic expects 420 bil. yen net loss in FY 2011

Opening ceremony for extra Diet session

Extra Diet session ends

Gov't workers' wages to be cut

PM Noda meets PNP leader Kamei

PM Noda visits Nissan plant

Japan to tackle historic yen surge

Japan gov't debt downgraded

Kan at upper house

Kan at upper house

Deficit-financing bond bill approved by lower house

Lower house OKs 2nd extra budget for quake-relief work

IHI to launch R&amp;D firm for algae biofuel

Minister Yosano at press conference

Kan ready to quit after passing extra budget, 2 key bills

Nissan announces new business plan

PM Kan mulls resigning in July

Sharp President Katayama

Sony expecting to return to net profit

Japan economy in May

Sony to fall into red for 3rd year

IHI to launch R&D firm for algae biofuel