Busy with the hard work of introducing a new policymaking process, rewriting the 2010 budget from scratch so to make room for the programs promised in the DPJ's election manifesto, and finding a way to extract concessions from the Obama administration on the realignment of US forces in Japan, it is understandable that the Hatoyama government has been relatively silent on the question of defense ministry reform...

When a retired Israeli Air Force general calls me up in the middle of the night and tells me there’s a company I should look into, I sit up and take notice...

The fiscal half year end promptly stopped yen strength in its tracks.