[Biography of the Day] from [Britannica]
Julie Christie
British film actress Julie Christie, born in India this day in 1941, was renowned for a wide range of roles in English and American films, as well as for her striking looks and offbeat, free-spirited personality.
[On This Day] from [Britannica]
1865: Abraham Lincoln shot
On this day in 1865, just after the American Civil War ended, U.S. President Abraham Lincoln was shot by John Wilkes Booth while attending a production at Ford's Theatre in Washington, D.C., and died the next morning.
[TODAY'S TOP STORIES] from [The Japan Times]
[BUSINESS NEWS]
Tuesday, April 14, 2009
Deflation feared as wholesale prices dip
2.2% drop amid falling demand is biggest since '02
(Kyodo News) Wholesale prices in March dropped 2.2 percent from a year earlier for the sharpest fall in nearly seven years due to falling demand amid the weakening of the economy, the Bank of Japan said Monday, fueling deflation fears.
The prices, gauged by the BOJ's corporate goods price index, stood at 104.3 against the 2005 base of 100, the central bank said in a preliminary report.
Tihe headline reading fell for the third consecutive month and marked the largest drop since May 2002. The decline was also greater than the average market forecast of a 1.7 percent fall in a Kyodo News poll of economic think tanks.
"The recent economic slowdown depressed final demand, contributing to price declines," a BOJ official said, referring to depressed prices for a variety of products, including petroleum products, salmon and beef, and plastic goods.
Contributing the most to the March wholesale price index's decline were falls of prices in the petroleum and coal products segment, down 34.6 percent from a year earlier, and those in the nonferrous metal category, down 30.5 percent.
Prices for agricultural and marine products dropped 4.4 percent as consumers tightened their purse strings especially for beef and other higher priced foods, and shifted to lower priced products.
While posting a 10.6 percent yearly rise, steel and iron prices have notably fallen on a month-on-month basis recently, logging a 1.8 percent drop in March followed by a revised 1.5 percent drop in February.
"Deflationary forces are expected to strengthen gradually hereafter, and it appears that the wholesale price index is heading toward a year-on-year drop of as large as 6 percent" by around September, said Kyohei Morita, chief economist at Barclays Capital Japan Ltd.
The fresh stimulus package involving record public spending adopted Friday will not be enough to halt the deflationary trend, Morita said, citing a deteriorating job market, which is likely to cause consumers to spend less and prices to decline further.
On a month-on-month basis, prices were down 0.2 percent from February, continuing to fall for the seventh straight month since September amid the deepening global financial turmoil. The reading matched a projection of a 0.2 percent slide in the Kyodo News poll.
[NATIONAL NEWS]
Tuesday, April 14, 2009
Calderon couple exit Japan
NARITA, Chiba Pref. (Kyodo) An undocumented Filipino couple under a deportation order departed for the Philippines on Monday evening from Narita International Airport, leaving behind their 13-year-old daughter, who was recently granted special permission to stay for one year.
Earlier Monday, relatives and colleagues of Arlan Calderon, 36, and his 38-year-old wife, Sarah, gathered at the family's home in Warabi, Saitama Prefecture, to bid the couple farewell.
"We will be waiting for you (to come back)," said construction worker Yasuhisa Nagashima, one of Calderon's colleagues, adding that this is not "goodbye."
While expressing sadness, Calderon said: "I want to thank everyone. Not just the people of Warabi, but those across the nation for supporting me and my family's cause.
"Noriko (their daughter) is here, so I hope we can return to her side as soon as possible."
The family had long been seeking special permission for residence for the entire family. But while the Justice Ministry granted their daughter special permission to stay, it refused to extend the permission to the parents.
In mid-March, the Filipino couple told immigration authorities that they would return to the Philippines in April, leaving behind their daughter, who was born and raised in Japan and who has strongly expressed her wish to stay and continue her studies.
They came to the decision to split the family out of fear that, should they continue to ignore a demand from immigration authorities to choose between the departure of the entire family or just the parents, their daughter might also be detained and deported, according to the family's lawyer, Shogo Watanabe.
[NATIONAL NEWS]
Tuesday, April 14, 2009
LDP claims Akita poll victory validation of Aso's stimulus
AKITA (Kyodo) Liberal Democratic Party executives Monday welcomed the victory of its candidate in Sunday's Akita gubernatorial election, a local poll widely seen as a key factor that could affect national politics.
Norihisa Satake, supported by the LDP's Akita prefectural chapter, beat three other candidates, including one fielded by the Democratic Party of Japan. Satake's win may affect whether DPJ President Ichiro Ozawa steps down over a political fund scandal involving his aide and Nishimatsu Construction Co.
The latest gubernatorial poll outcome follows the one in Chiba, in which another DPJ-backed candidate lost.
"I believe the policies of the government and the ruling bloc are gradually taking effect," LDP Secretary General Hiroyuki Hosoda said. "Although our economic measures are still premature, they are gaining voters' support."
The result of the Akita poll will likely have a favorable impact on Prime Minister Taro Aso's policy, Hosoda added.
The reaction from Chief Cabinet Secretary Takeo Kawamura appeared subdued, but he briefly said he welcomes the poll's outcome "as a member of the LDP."
The DPJ reacted calmly to the election outcome, dismissing any link between its defeat in Akita and public anger and distrust toward the DPJ caused by the Nishimatsu scandal.
Satake, 61, a former mayor of the city of Akita also supported by the tiny opposition Social Democratic Party, beat Hiroshi Kawaguchi, 61, backed by the prefectural chapter of the DPJ and Kokumin Shinto (People's New Party), as well as independent Shoichiro Sato, 56, and Kaneji Fujimoto, 62, of the Japanese Communist Party.
Julie Christie
British film actress Julie Christie, born in India this day in 1941, was renowned for a wide range of roles in English and American films, as well as for her striking looks and offbeat, free-spirited personality.
[On This Day] from [Britannica]
1865: Abraham Lincoln shot
On this day in 1865, just after the American Civil War ended, U.S. President Abraham Lincoln was shot by John Wilkes Booth while attending a production at Ford's Theatre in Washington, D.C., and died the next morning.
[TODAY'S TOP STORIES] from [The Japan Times]
[BUSINESS NEWS]
Tuesday, April 14, 2009
Deflation feared as wholesale prices dip
2.2% drop amid falling demand is biggest since '02
(Kyodo News) Wholesale prices in March dropped 2.2 percent from a year earlier for the sharpest fall in nearly seven years due to falling demand amid the weakening of the economy, the Bank of Japan said Monday, fueling deflation fears.
The prices, gauged by the BOJ's corporate goods price index, stood at 104.3 against the 2005 base of 100, the central bank said in a preliminary report.
Tihe headline reading fell for the third consecutive month and marked the largest drop since May 2002. The decline was also greater than the average market forecast of a 1.7 percent fall in a Kyodo News poll of economic think tanks.
"The recent economic slowdown depressed final demand, contributing to price declines," a BOJ official said, referring to depressed prices for a variety of products, including petroleum products, salmon and beef, and plastic goods.
Contributing the most to the March wholesale price index's decline were falls of prices in the petroleum and coal products segment, down 34.6 percent from a year earlier, and those in the nonferrous metal category, down 30.5 percent.
Prices for agricultural and marine products dropped 4.4 percent as consumers tightened their purse strings especially for beef and other higher priced foods, and shifted to lower priced products.
While posting a 10.6 percent yearly rise, steel and iron prices have notably fallen on a month-on-month basis recently, logging a 1.8 percent drop in March followed by a revised 1.5 percent drop in February.
"Deflationary forces are expected to strengthen gradually hereafter, and it appears that the wholesale price index is heading toward a year-on-year drop of as large as 6 percent" by around September, said Kyohei Morita, chief economist at Barclays Capital Japan Ltd.
The fresh stimulus package involving record public spending adopted Friday will not be enough to halt the deflationary trend, Morita said, citing a deteriorating job market, which is likely to cause consumers to spend less and prices to decline further.
On a month-on-month basis, prices were down 0.2 percent from February, continuing to fall for the seventh straight month since September amid the deepening global financial turmoil. The reading matched a projection of a 0.2 percent slide in the Kyodo News poll.
[NATIONAL NEWS]
Tuesday, April 14, 2009
Calderon couple exit Japan
NARITA, Chiba Pref. (Kyodo) An undocumented Filipino couple under a deportation order departed for the Philippines on Monday evening from Narita International Airport, leaving behind their 13-year-old daughter, who was recently granted special permission to stay for one year.
Earlier Monday, relatives and colleagues of Arlan Calderon, 36, and his 38-year-old wife, Sarah, gathered at the family's home in Warabi, Saitama Prefecture, to bid the couple farewell.
"We will be waiting for you (to come back)," said construction worker Yasuhisa Nagashima, one of Calderon's colleagues, adding that this is not "goodbye."
While expressing sadness, Calderon said: "I want to thank everyone. Not just the people of Warabi, but those across the nation for supporting me and my family's cause.
"Noriko (their daughter) is here, so I hope we can return to her side as soon as possible."
The family had long been seeking special permission for residence for the entire family. But while the Justice Ministry granted their daughter special permission to stay, it refused to extend the permission to the parents.
In mid-March, the Filipino couple told immigration authorities that they would return to the Philippines in April, leaving behind their daughter, who was born and raised in Japan and who has strongly expressed her wish to stay and continue her studies.
They came to the decision to split the family out of fear that, should they continue to ignore a demand from immigration authorities to choose between the departure of the entire family or just the parents, their daughter might also be detained and deported, according to the family's lawyer, Shogo Watanabe.
[NATIONAL NEWS]
Tuesday, April 14, 2009
LDP claims Akita poll victory validation of Aso's stimulus
AKITA (Kyodo) Liberal Democratic Party executives Monday welcomed the victory of its candidate in Sunday's Akita gubernatorial election, a local poll widely seen as a key factor that could affect national politics.
Norihisa Satake, supported by the LDP's Akita prefectural chapter, beat three other candidates, including one fielded by the Democratic Party of Japan. Satake's win may affect whether DPJ President Ichiro Ozawa steps down over a political fund scandal involving his aide and Nishimatsu Construction Co.
The latest gubernatorial poll outcome follows the one in Chiba, in which another DPJ-backed candidate lost.
"I believe the policies of the government and the ruling bloc are gradually taking effect," LDP Secretary General Hiroyuki Hosoda said. "Although our economic measures are still premature, they are gaining voters' support."
The result of the Akita poll will likely have a favorable impact on Prime Minister Taro Aso's policy, Hosoda added.
The reaction from Chief Cabinet Secretary Takeo Kawamura appeared subdued, but he briefly said he welcomes the poll's outcome "as a member of the LDP."
The DPJ reacted calmly to the election outcome, dismissing any link between its defeat in Akita and public anger and distrust toward the DPJ caused by the Nishimatsu scandal.
Satake, 61, a former mayor of the city of Akita also supported by the tiny opposition Social Democratic Party, beat Hiroshi Kawaguchi, 61, backed by the prefectural chapter of the DPJ and Kokumin Shinto (People's New Party), as well as independent Shoichiro Sato, 56, and Kaneji Fujimoto, 62, of the Japanese Communist Party.