The CEO of Toyota, Akio Toyoda, will testify before Congress today as part of a probe into his company's massive car recall. Toyoda's prepared remarks have already been released and the embattled CEO is expected to apologize to customers and to lawmakers ahead of his testimony.

A half century of single-party leadership came to an end in Japan over the weekend. The opposition Democratic Party won a resounding victory over the more conservative (and counterintuitively-named) Liberal Democratic Party. The LDP has dominated the Japanese parliament for nearly 54 years.

For more context, we're here with Bill Emmott. He's the former editor of the Economist and author of "Rivals: How the Power Struggle Between China, India and Japan will shape our next decade."

Ahead of the G-20 summit, President Barack Obama and Chinese President Hu Jintao will meet for the first time today. This meeting comes in the midst of increased tensions between China and the U.S. amid economic tensions. They are planning to discuss a global economic crisis each is trying to combat with policies that may further complicate U.S.-China relations. For more on this meeting, we are joined by Bill Emmott, the former editor of The Economist and the author of Rivals: How the Power Struggle Between China, India and Japan will Shape our Next Decade.

Yesterday, President Obama welcomed Japanese prime minister Taro Aso to the White House. This meeting came hot on the heels of Secretary of State Clinton making Japan the first stop on her first official trip overseas. While Japan has been a close ally of the United States for decades, why is the Obama administration stressing the relationship now? Bill Emmott, former editor of The Economist and chronicler of post-war Japan, joins us to help answer that question.