Prime Minister, Shinzo Abe | featured news

China said on Monday that Japan must face up to history and respect the feelings of those who were victims of wartime aggression, after Japanese Prime Minister Shinzo Abe made an offering to a shrine seen as a symbol of Japan's former militarism.

Japan is making a sweeping shift in its monetary policy, aiming to spur inflation and get the world's third-largest economy out of a long, debilitating slump. Bowing to demands from Prime Minister Shinzo Abe for more aggressive monetary easing, the Bank of Japan announced Thursday a policy overhaul intended to double the money supply and achieve a 2 percent inflation target at the "earliest possible time, with a time horizon of about two years."

When Japanese Prime Minister Shinzo Abe meets with President Obama on Friday, he will be seeking to press not one but three reset buttons. The United States has a big stake in at least two of his goals — and it’s within Obama’s power to help realize them.