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Check this news at JAPANTIMES [Posted: 2010/03/10 Wednesday 10:01:03]Even as Japan and the United States need deficit-funded stimulus now to stay on the recovery path, sustained large budget deficits will be a long-term problem that undermines their future growth prospects and must be addressed. But how?
Tax hikes might be one inevitable solution, given that the two countries are near the bottom of the list of advanced economies around the world in terms of tax-to-gross domestic product ratio. U.S. data meanwhile suggest that tax reduction is a much more effective tool than increases in government spending as a tool to turn the economy around.
NATION
Hideki Matsui provides laugh track for reporters Los Angeles Times (blog) The Japanese slugger was supposed to make his exhibition debut with the Angels on Sunday against Oakland, but the game was rained out. ... Angels' bottom line getting a 'Matsui bump' Matsui 1 for 2 but … boxers or briefs? Matsui goes 1 for 2 in Angels debut |
NATION
 New York Times (blog) | Oscar and the dolphins: Coming to a Japanese cinema? Sydney Morning Herald It depicts dolphin hunting in Japan and has only been shown there once. But its Oscar win may change that Oscar buzz can generate bums on seats like little ... 'The Cove' Moves to the Dragon's Lair Japan's reaction to Cove Oscar Oscar puts Japan in deep water over dolphins |
NATION
 BigPond News | Summary Box: Class-action suits against Toyota The Associated Press ... causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant billion or more. ... Lawsuits by Buyers May Charge Toyota billion or More Lawsuits Could Cost Toyota US Billion HBJ: BizPulse results mimics Rice University Toyota study |
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 Malaysia Star | Japan Confirms Cold War Secret Deals with US The Chosun Ilbo Japan's centrist government criticized its conservative predecessors Tuesday for keeping nuclear and military deals with the US secret during the Cold War. ... Japan Confirms Cold War Agreements With U.S. US plays down impact of Japan probe into US nukes Japan confirms Cold War-era 'secret' pacts with US |
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 Earthtimes (press release) | Australian Stocks Rise; Japanese Shares Drop in New York on Yen BusinessWeek Japanese shares slid in New York as a stronger yen dimmed the earnings outlook for companies dependent on US demand. David Jones Ltd., Australia's ... Japanese bond yields fall Japan's Futures Rise on Chips; Australia Stocks Drop on Metals Japan Economic Indicators Positive; Stocks Down |
NATION
Japan core machinery orders decline in January MarketWatch By MarketWatch SAN FRANCISCO (MarketWatch) -- Japan's closely watched core machinery orders declined in January at a rate that matched analysts' ... Japan Machinery Orders Fall Japanese Machinery Orders Declined 3.7% in January Japan Jan Core Machinery Orders -3.7% M/M Vs Dec +20.1% |
NATION
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