Apr 14, 2016

Abe ally urges double dose of stimulus exceeding $184 billion

The nation needs a fresh, double-dose of stimulus to counter mounting signs of economic weakness, according to one of the key members of Prime Minister Shinzo Abe’s brains-trust of pro-reflation advisers. The government should assemble a ¥10 trillion fiscal package, and the central bank ...

Apr 13, 2016

OECD chief calls for consumption tax of 'at least 15%'

The chief of the Organisation for Economic Cooperation and Development suggested Wednesday that Japan raise the consumption tax from the current 8 percent to “at least 15 percent” at some point in the future. Speaking after a meeting in Tokyo with Prime Minister Shinzo ...

Apr 11, 2016

February machinery orders down 9.2% on weak manufacturing sector

The nation’s core private-sector machinery orders fell a seasonally adjusted 9.2 percent in February on a plunge for manufacturers, a reversal from the previous month that saw large orders from the steel industry, the government said Monday. The orders, widely regarded as a leading ...