Bloomberg Japan is considering implementing daylight savings time in 2019 and 2020 to cope with the intense summer heat, after soaring temperatures this year cast doubt over the ability of the country to safely host the 2020 Olympics, the Sankei newspaper reported. The government and ruling parties are seeking to pass a bill this autumn, according to the report, which ...

Koreans have a saying that helps explain the recent upbeat exchanges between Washington, Seoul and Pyongyang: “Say pretty things to hear pretty things.” Beyond the Trump White House, there remains much skepticism that North Korea will ever give up its nuclear weapons. Recent leaks about North Korea’s continuing efforts to build its nuclear and missile arsenal underline this concern that ...

One of the chief criticisms of the Federal Reserve’s strategy of prolonged low interest rates was that it punished savers. But now that Fed is generally raising rates, the rewards don’t appear to be going to them. Instead, I calculate that as much as 83 percent of the gains are going to the banks, with the largest ones sucking up ...