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Month: December 2022

As regional threats rise, Japan eases defense-only strategy

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s strict self-defense-only postwar principle is being loosened. Japan on Friday adopted a national security strategy declaring plans to possess preemptive strike capability and cruise missiles within years to give itself more offensive footing against threats from neighboring China, Russia and North Korea. North Korea has fired

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The Grinch comes for retailers

By Nicole Goodkind, CNN Weaker-than-expected retail sales in November pummeled market sentiment on Thursday and raised the odds that the Federal Reserve’s inflation-fighting interest rate hikes would push the economy into recession. What’s happening: US retail sales, which measure the total amount of money that stores make from selling goods to customers, fell 0.6% in

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