Inside Japan
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North Korea may test-fire missile toward Japan:

Hitachi Ltd reported a 371 billion yen net loss for the fiscal third quarter Tuesday as a global slump squelched demand, and confirmed that it expects its worst ever full-year loss.

North Korea may be preparing to use the site of its previous ballistic missile launches on the east coast to fire its longest range missile, possibly toward Japan, news reports said on Wednesday. (Reuters)  // FULL ARTICLE

Australia, Japan act to shore up economies

Hitachi, which makes everything from home appliances to medical equipment, stuck to its forecast given last month for a 700 billion yen net loss for the fiscal year through March, a stark reversal from the 15 billion yen profit it projected in October. That would be the worst annual loss for a Japanese manufacturer, according to Shinko Research Institute Co. (Source: AP)

// FULL ARTICLE

Australia slashed rates and unveiled a $26 billion stimulus on Tuesday and the Bank of Japan said it would buy up to $11 billion of shares held by banks, as authorities stepped up efforts to revive foundering economies..
(REUTERS)   // FULL ARTICLE

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Bank of Japan to begin buying corporate shares
Honda to cut managers' wages by 5% for 4 months
Honda Motor Co said Monday it will cut basic wages of employees in managerial posts around 5% from February to May in the wake of bleak earnings amid a global auto slump and the yen’s appreciation
(KYODO)   // FULL ARTICLE
In Japan, "What's your type?" is much more than small talk; it can be a paramount question in everything from matchmaking to getting a job. (AP)   // FULL ARTICLE
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