Aug 14, 2014

Investment trust assets set new record high in July

The net asset value of publicly offered stock investment trusts in Japan hit a record high ¥70.1 trillion at the end of July, up 1.9 percent from June, recent data compiled by the Investment Trusts Association show. The balance exceeded the previous high of ...

April-June machinery orders plunge at fastest pace in five years

Aug 14, 2014

April-June machinery orders plunge at fastest pace in five years

Core private-sector machinery orders fell at the fastest pace in more than five years in the April-June quarter, the government said Thursday, underscoring corporate reluctance to boost investment after the April 1 consumption tax hike. The orders, which exclude those for ships and from ...

Megabanks' $800 billion cash pile shows Abe must free up credit

Aug 14, 2014

Megabanks' $800 billion cash pile shows Abe must free up credit

Prime Minister Shinzo Abe has succeeded in wrestling down the yen and snapping a 15-year deflationary spiral. The challenge of spurring lending by the country’s cash-hoarding megabanks remains. The nation’s three largest lenders increased their cash and deposits with other financial institutions 5.7 percent ...

BOJ warns of weak exports but holds steady on policy

Aug 8, 2014

BOJ warns of weak exports but holds steady on policy

The Bank of Japan kept monetary policy steady Friday, noting that the economy is recovering but warning of recent weakness in Japanese exports and production. The BOJ decided to continue making massive asset purchases from banks to expand the nation’s monetary base by ¥60 ...

Aug 6, 2014

Major firms to boost capital spending in Japan by 15% this year

Major firms plan to boost capital spending at home by 15.1 percent this business year, according to a recent survey. Domestic corporate capital expenditure is set to expand for the third straight year and outpace the fiscal 2013 growth of 3.0 percent, reflecting expectations ...

Aug 5, 2014

Tax deductions for 'hometown donations' to be simplified

The Abe administration plans to simplify procedures for income and residential tax deductions for donations to municipalities of the taxpayer’s choice, Chief Cabinet Secretary Yoshihide Suga said. “We (want to) simplify the procedures as we hear people say the procedures are difficult,” Suga said ...

Aug 1, 2014

Japan must hike sales tax again to conquer debt, IMF says

Japan must raise its sales tax again to conquer one of the world’s heaviest public debt burdens, the International Monetary Fund said on Thursday, as it called for deep economic reforms. The recommendations, outlined in the Washington-based fund’s annual country report, come four months ...

Jul 31, 2014

IMF's Japan report sees yen at fair value but warns on reforms

The International Monetary Fund said in a report released Thursday that the yen is currently at fair values against the other major currencies. The yen is assessed “as broadly consistent with medium-term fundamentals,” the Washington-based lender said in its annual assessment of the Japanese ...