Feb 13, 2015

BOJ sees extra stimulus as counterproductive for now

by Masahiro Hidaka

Bank of Japan policymakers view further monetary easing to shore up inflation as a counterproductive step at present, amid concern it could trigger declines in the yen that damage confidence, sources said. The yen strengthened after the remarks, which indicate a possible shift in ...

Feb 12, 2015

Core machinery orders jumped 8.3% in December

Core machinery orders jumped 8.3 percent to ¥853.6 billion in December, the government said Thursday, suggesting companies suddenly became eager to boost investment. The orders are viewed as a leading indicator of capital spending. Compared with the previous month, private-sector orders, excluding those in ...

Feb 12, 2015

Wholesale prices logged sharpest fall in four years in January

Wholesale prices dropped 2.4 percent year on year in January, excluding the impact of last April’s consumption tax hike, to mark the fastest fall in four years as crude oil prices continued to fall, the Bank of Japan said Thursday. The corporate goods prices ...

Families hit as inflation outruns wage rises

Feb 4, 2015

Families hit as inflation outruns wage rises

Increases in the cost of living outpaced annual earnings that rose for the first time in four years in 2014 as the Abe administration sought to reflate the economy. Average earnings climbed 0.8 percent last year while pay, adjusted for inflation, fell 2.5 percent, ...

Farming reforms set to test Abe's resolve

Feb 4, 2015

Farming reforms set to test Abe's resolve

by Yuka Obayashi

After December’s landslide re-election, Prime Minister Shinzo Abe’s program to revive the nation’s economy is set to meet perhaps its stiffest challenge, the nation’s sclerotic farming industry. He will soon submit legislation to reform agriculture, a sector where a dwindling band of aging farmers ...

DPJ leaders confer with French economist Piketty

Jan 31, 2015

DPJ leaders confer with French economist Piketty

Democratic Party of Japan leader Katsuya Okada and other senior members of the top opposition party held a meeting Friday with visiting French economist Thomas Piketty, known for his study on economic inequalities. DPJ policy chief Goshi Hosono told Piketty that Prime Minister Shinzo ...