JAPAN

Fed Sees Need for Low Interest Rates Through Mid-2013

For Discussion: U.S. Monetary Policy
In response to a slowing economy, the U.S. Federal Reserve, despite some internal dissent, announced Tuesday that it plans to keep monetary policy stimulus in place, noting that it will keep short-term interests rates exceptionally low through at least mid-2013. The Fed will also continue to reinvest bond proceeds maturing in its portfolio.
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International Space Station will Fall on Earth: Details on How and Where

The International Space Station will be operational until 2020s as NASA, Roscosmos, and partners in Japan, Europe, and Canada have reached consensus regarding the matter. "The international partners have been discussing extending the mission through 2028. At this point, there's no reason we wouldn't do that, said NASA spokesperson Joshua Buck.
stinkbug

America Braces for a Stink Bug Invasion

Stink bugs did not get their names for no reason - they emit an unbearable smell similar to that of rotting garbage when squashed. And now these stink bugs, which caused $37 million worth of damage last year, are returning with a mission to invade, after waking up from hibernation.
Sulzberger Ice Shelf

Japan's Tsunami Caused Huge Iceberg to Break Off of Antarctica

Scientists have long suspected icebergs to have a link with earthquakes. Just 18 hours after the tsunami, a foot-high wave struck the ice shelf in Antarctica and broke off giant pieces. The Sulzberger ice shelf is a sheet of ice 260 feet thick, and extends towards New Zealand.
An employee of the Tokyo Stock Exchange reacts as he watches a stock index board in Tokyo

Analysis: Japan in Ratings Crosshairs as Debt in Focus

In the guessing game of which Asian sovereign credit will be downgraded next, after the United States this weekend, Japan is almost everyone's top pick, and not simply because its debt burden and messy politics are as bad if not worse than America's.
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Nikkei slides over 2 pct on US downgrade, Asian markets

Japan's Nikkei stock average slid more than 2 percent on Monday as weak sentiment following Standard & Poor's downgrade of the United States' credit rating was exacerbated by futures selling after Asian markets tumbled.
Silvio Berlusconi

ECB backs Italy, Spain as policymakers pledge action

The European Central Bank stepped into bond markets on Monday, backing up a pledge to support Spain and Italy with the aim of averting financial meltdown in the euro zone, while the G7 and G20 offered soothing words to investors shaken by a historic downgrade of the U.S. debt rating.
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Asia shares fall on U.S. woes, ECB hopes boost euro

Asian shares fell on Monday and the dollar languished near a record low against the Swiss franc, as investors took fright at a downgrade of the U.S. credit rating, while gold powered to another record just short of $1,690 an ounce.
U.S. dollar bills seen

Dollar to drop on S&P move; safe-haven demand seen

The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P's downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone.
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Dollar Expected to Weaken on S&P Move

The S&P cut in the U.S. long-term credit rating to AA-plus is an unprecedented blow. It called the outlook "negative," signaling another downgrade is possible in the next 12 to 18 months. The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday.

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