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News Summary: Japan's leader defends 'Abenomics'

DEFENSE: Japan's leaders defended the economic strategies championed by Prime Minister Shinzo Abe a day after Tokyo stocks suffered their worst loss since the 2011 tsunami disaster. Full story

Feds pull plug on Ky. uranium plant and 1,000 jobs

The operator of a Cold War-era plant in western Kentucky that supplies enriched uranium to nuclear power plants said Friday it planned to cease production after federal energy officials decided to end its work, putting more than 1,000 workers out of high-paying jobs with benefits. Full story

U.S. dollar marks worst week versus yen in a year

NEW YORK (Reuters) - The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency. Full story

News Summary: Japanese leader visiting Myanmar

LONG TIME GONE: Prime Minister Shinzo Abe arrived in Myanmar on Friday on the first visit to the country by a Japanese leader in 36 years. Tokyo wants to expand economic ties after frosty relations with the previous military regime. Full story

Sprint Deal a Matter of National Security?

   New York Senator Charles Schumer sent a letter to the FCC and the Treasury requesting more scrutiny of the recent Sprint deal with Japan's SoftBank. Derek Scissors, Heritage Foundation, weighs in.

Rare leatherback turtle surfaces in Japan

   Fishermen in Japan haul in then release an endangered 300-pound leatherback turtle that was far from its tropical home. TODAY.com's Dara Brown reports.

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Articles

U.S. loan funds gain $1.2 billion as Fed sparks fears of rising rates

Analysis: Gold faces more pressure as inflation stays tame

Abe on 1st trip to Myanmar by Japan PM in 36 years

China solar companies shun home market in pursuit of margins

Japan life insurers may keep money at home as bond yields rise

Korean women scrap meeting Japanese mayor over brothel remarks

Market turbulence poses first serious test for Abenomics

Volatile Nikkei keeps Asian stocks on edge

Japan's ANA to resume Boeing 787 flights on Sunday

Softbank-Sprint deal clears regulatory hurdle

Video

  Stinky feet? Robotic pooch lets you know

Researchers in Japan show off their odor sniffing robot dog that rolls over and plays dead when your feet smell bad. NBCNews.com's Dara Brown reports.

  80-year-old becomes oldest to climb Mt. Everest

Japanese climber Yuichiro Miura, 80, has earned the title of the oldest person to reach the summit at Mt. Everest for the second time in his life. NBC’s Ann Curry reports.

  Avoiding a Japanese Drop?

Japan suffered its worst 1-day loss in more than 2 years, but the Nikkei is still up about 40 percent this year. Walter Zimmerman, United-ICAP says this type of drop could occur in the U.S., while Darren Wolfberg, BNP Paribas, doesn't think so.

  Massive Covering In the Yen: Pro

As soon as yields hit 1 percent on the 10-year in Japan, there was massive covering in the yen, explains David Lutz, Stifel Nicolaus.

  Safe Haven Demand Boosts Gold

Gold has gained ground as investors sell stocks in Japan, Europe and the U.S., reports CNBC's Sharon Epperson.

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Related Photos

USS Biloxi shells Japanese positions on Okinawa on March 30, 1945.
USS Biloxi shells Japanese positions on Okinawa on March 30, 1945.

Image: USS Biloxi shells Japanese positions on Okinawa on March 30, 1945.

Japan's Prime Minister Shinzo Abe and his wife Akie arrive to pay homage at the Martyrs' Mausoleum in Yangon
Japan's Prime Minister Shinzo Abe and his wife Akie arrive to pay homage at the Martyrs' Mausoleum in Yangon

Japan's Prime Minister Shinzo Abe and his wife Akie arrive to pay homage at the Martyrs' Mausoleum in Yangon May 25, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: POLITICS)

Japan's PM Abe pays homage to the Martyrs' Mausoleum in Yangon
Japan's PM Abe pays homage to the Martyrs' Mausoleum in Yangon

Japan's Prime Minister Shinzo Abe pays homage to the Martyrs' Mausoleum in Yangon on May 25, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: POLITICS)

Soldiers carry wreath during Japan's Prime Minister Shinzo Abe's visit to the Martyrs' Mausoleum in Yangon
Soldiers carry wreath during Japan's Prime Minister Shinzo Abe's visit to the Martyrs' Mausoleum in Yangon

Soldiers carry wreath during Japan's Prime Minister Shinzo Abe's visit to the Martyrs' Mausoleum in Yangon on May 25, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: MILITARY POLITICS)