It is far too early to declare, "that Japan is back." Japan's challenges are legion -- a shrinking population, natural disasters, soaring debt, a high cost structure that inhibits competitiveness, and most of all deflation.

The curtain has come down after Act I of the Fiscal Cliff. Some critics have proclaimed it a victory for the president over his Republican enemies. If it was a victory, it was an expensive one.

The reason for this is clear; Japan's debt has ballooned to over $12 trillion and is now 237% of their GDP. So, what's a government and central bank to do? The answer of course is enacting yet another new fiscal stimulus package that will be monetized by the BOJ.

Paul Krugman is right: Japan is attempting a paradigm policy shift with potential systemic implications; and sustainability and success are not certain. The outcome, still too early to tell, will be consequential for Japanese society and the global economy as a whole.

* Ruling Democrats, opposition strike deal on deficit bond bill * PM has set passage of bill as a condition for calling election ...

Equilibrium between the economy, society and the environment must be viewed as complementary rather than a trade-off. This is not a zero-sum game.

TOKYO -- Japan's government on Wednesday unveiled a $100 billion loans program to ease the strains of a strong yen and encourage companies to turn adv...

TOKYO -- Japan's central bank kept its key interest rate unchanged at virtually zero Friday to shore up a quake-battered economy. The Bank of Japan's...

NEW YORK (Phil Wahba) - The Japan earthquake, tsunami and nuclear crisis are cutting into the sales and profits of U.S. companies that serve Japan...

TOKYO -- Japan should as much as quadruple its sales tax rate to deal with a crushing deficit that's bound to grow as it spends on reconstruction from...

TOKYO (Rie Ishiguro and Shinji Kitamura) - The economic damage from Japan's massive earthquake and tsunami last month is likely to be worse than fir...

No one can truly know the economic impact of Japan's earthquake because the world has never experienced such a severe natural disaster in an economy so critical to the global supply chain.

The Japanese government can afford its enormous debt because it owns the bank that is its principal creditor. But competitors are attempting to force the bank's privatization.

In the sorting out of the wreckage after Japan's earthquake and tsunami, many Americans have begun paying more attention to a phrase they had barely known -- "supply chains."

Nearly two weeks after the devastating earthquake and tsunami that hit northeast Japan, the Tokyo area suffers power cuts and reduced train service, d...

The valuable argument coming from the ashes of this crisis is simple: Japan can afford to rebuild. The economic possibilities of nations depend on human, technological and organizational power.

NEW YORK — GM said Saturday it is cutting unnecessary spending companywide as it assesses the impact of production disruptions from the earthquake a...