Japan starts crackdown on bad-debt problem

Article Abstract:

Japan is beginning to reform its banking industry and weed out bad loans. A new government policy is calling for more bank inspections and a closer watch on credit ratings and stock prices. Reforms may be painful initially but should help Japan's economy in the long run.

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Threats of a recession

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Japan's economic indicators show that the country may be turning toward another recession. Low consumer spending and expanding inventories most likely mean that companies will slow production and investments in an attempt to increase profits.

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Stimulus spending approved as Mori remains in power

Article Abstract:

In Japan, legislation was passed to support economic growth via additional spending. The action came as a rebellion had threatened to take Japan's Prime Minister Yoshiro Mori from power.

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