As the yen weakens, famous Japanese exporters from Toyota to Nintendo are getting a boost but the favorable exchange rate also carries risks by insulating some companies from pressure to overhaul their businesses.
Against the dollar, the yen is near a three-year low and looks set to weaken further as the Bank of Japan falls into line with the new Prime Minister Shinzo Abe's push to break Japan's domestic economy out of its deflationary slump with very loose monetary policy - creating more money. One U.S. dollar is now buying more than 94 yen compared with 77-80 yen for much of 2012.
It's a big shift from several years of punishing yen strength that added to the problems of Japanese companies, particularly those in consumer electronics who fell behind more innovative or nimble competitors such as Apple Inc. and Samsung Electronics Co.
Kanagawa prefectural police said Friday they have arrested four individuals in Ebina, in connection with a robbery case in which a pregnant woman on her way home was struck in the face and robbed of approximately 100,000 yen in cash. (Japan Today )
Yoko Ono says her own bitter experience in Japan during World War II inspired her to support WhyHunger's "Imagine There's No Hunger" campaign to fight childhood hunger around the world. (abcnews.go.com )
Japanese police arrested former sumo ozeki Kotomitsuki on Wednesday on suspicion of violating the immigration law by employing foreigners illegally at a barbecue restaurant he runs in Nagoya, central Japan. (Jiji Press )