In Japan, two big electronics companies are reporting disappointing earnings this morning. Sony is reporting a $316 million quarterly loss. And Sharp announced a $1.2 billion loss, which was much worse than expected.
In Japan, the radiation from the Fukushima nuclear accident is going nowhere fast. And in many cases, it's not clear where the radiation's OK, and where it's not. That's where a group called SafeCast comes in.
A Japanese government report on the Fukushima nuclear crisis puts the blame squarely on culture -- namely, a cozy relationship between politicians, regulators and the nuclear power industry. It goes so far as to suggest the accident might have occurred even without an earthquake and tsunami.
China and Japan move to trade each other's currencies directly, without using the U.S. dollar to set the exchange rate. The change is a new step toward a world where the dollar is not last word in global currencies.
The Prime Minister of Japan, Yoshihiko Noda, is in Washington today for meetings with President Obama. There are tensions over the U.S. military in Japan, but moves toward closer cooperation on energy and trade.