Consumer spending recovery hampered by pension payment cuts

Sep 18, 2015

Consumer spending recovery hampered by pension payment cuts

More than a year after a consumption tax increase tipped Japan into a recession, efforts to clamp down on soaring pension payments are suppressing a recovery in consumer spending. The problem highlights how difficult it has been for Prime Minister Shinzo Abe to generate ...

Japan still set for 2017 tax hike despite struggling economy

Jul 3, 2015

Japan still set for 2017 tax hike despite struggling economy

The central government still plans to raise the national sales tax again in 21 months, even as the economy struggles to gain momentum following the recession caused by a hike in the levy last year. “Unless something really unusual like a large economic shock ...

Pricy beef bowls show how to beat deflation

Jun 12, 2015

Pricy beef bowls show how to beat deflation

Restaurants, food producers and retailers are among a small but growing number of companies doing what few managed for long during Japan’s lost decades: raising prices. From beef bowl chain Matsuya Foods Co. to supermarket and convenience store operator Seven & I Holdings Co., ...

Loyalty to 1960s machine shows risk from Japan's aging factories

Apr 24, 2015

Loyalty to 1960s machine shows risk from Japan's aging factories

The oldest piece of equipment at Osaka Machine Tool Co. has been there so long that only the company’s 70-year-old chairman, Katumi Takata, still knows how to use it. He isn’t planning to replace it anytime soon. Many other Japanese manufacturers are equally reluctant ...

Kuroda approaching limit on JGB buying, says ex-BOJ official

Mar 2, 2015

Kuroda approaching limit on JGB buying, says ex-BOJ official

Speeding up the Bank of Japan’s purchases of Japanese government bonds would risk further distorting the world’s second-biggest sovereign debt market, said Yuri Okina, vice chairman at Japan Research Institute. “If additional easing is done using government bonds, it may have the considerable side-effect ...

Unlocking growth potential is top task for Abenomics 2.0

Dec 16, 2014

Unlocking growth potential is top task for Abenomics 2.0

Prime Minister Shinzo Abe’s election win strengthened his hand to move beyond the fiscal and monetary stimulus that brought an end to deflation in his first two years. The tougher task for “Abenomics 2.0” will be to boost Japan’s growth potential. First up for ...