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...political influence. Ozawa bowed to cries for his resignation from within the party just months before August's Lower House elections. That move, however, did not satisfy the prosecutors, an influential group of Japanese officials with the power to investigate any criminal offense. Takao Toshikawa, editor of political newsletter Tokyo Insideline, says that Ozawa and his mentors have been fighting various battles with the office since the late 1970s. "At this moment, the Prosecutors Office and Ozawa are fighting the final war," says Toshikawa. (See pictures of Japan in the 1980s and today...

Author: /time Magazine | Title: New Scandal Hits Japan's Ruling Party | 1/20/2010 | See Source »

...paring down to about half of its 110 group firms, and slashing unprofitable international and domestic routes. JAL's shares - which hit an all-time low of 3 yen Tuesday afternoon from a high of 213 last March - will also be delisted from the Tokyo Stock Exchange. Kazuo Inamori, founder of technology company Kyocera, is expected to take over from JAL's president Haruka Nishimatsu, who resigned on Tuesday...

Author: /time Magazine | Title: Japan Airlines Files for Bankruptcy | 1/19/2010 | See Source »

...disruption in the payment of leasing fees or credits, and the airline will continue to honor frequent-flyer mileage and tickets. But some analysts wonder if JAL can continue to grow as a business during such a massive restructuring. Yasuhiro Matsumoto, senior analyst at Shinsei Securities in Tokyo, says he's split between whether bankruptcy and ETIC help is the best path for the airline. "It's clear that there's government support, but we don't know the future of JAL's business profile," says Matsumoto...

Author: /time Magazine | Title: Japan Airlines Files for Bankruptcy | 1/19/2010 | See Source »

While his colleagues became directors whose names were dropped at the better cocktail parties in London, New York City and Tokyo, Rohmer trudged along at the magazine and made shorts and feature-length pictures that got little notice. My Night at Maud's changed that. The soufflé-light, dialogue-heavy film - the first to be shown with subtitles in the Cannes festival competition - enchanted audiences with its tale of a man (Jean-Louis Trintignant) committed to one woman (Marie-Christine Barrault) but willing to stay the night with the divorced Maud (Françoise Fabian) just ... talking. After...

Author: /time Magazine | Title: French Movie Master Eric Rohmer Dies at 89 | 1/12/2010 | See Source »

...influential Korea Institute for National Unification government think tank in Seoul, believes that this time the North will do a credible deal on its nuclear program. "But," he adds, "I know I'm about the only optimist left standing these days." In Washington and Seoul, not to mention Tokyo, Beijing and Moscow, somber realism, not giddy optimism, is the prevailing sentiment on North Korea diplomacy. When dealing with Pyongyang, that's about as good as it gets...

Author: /time Magazine | Title: Is North Korea Ready to Do (Another) Nuke Deal? | 1/11/2010 | See Source »

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