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Jun 1, 2015

Fiscal council tells Aso to tame spending

An advisory panel to Finance Minister Taro Aso warned in a report Monday that a proposed government fiscal reform plan that relies excessively on a revenue increase derived from economic growth is “too optimistic.” The panel called on the government to improve fiscal health ...

| Jun 1, 2015

Greenback hovers above ¥124

The dollar was solid above ¥124 in Tokyo trading late Monday, thanks chiefly to buybacks triggered by a rebound in Tokyo stock prices from morning weakness. At 5 p.m., the dollar stood at ¥124.16-16, up from ¥123.74-75 the same time Friday. The euro was ...

Jun 1, 2015

Capital investment surges 7.3% in first quarter

by Mie Sakamoto

Capital spending in the January-March quarter rose 7.3 percent on year, chalking up an eighth consecutive expansion as the economy continues to recover, the government said Monday. Business investment by all nonfinancial sectors for such purposes as building plants and installing new equipment totaled ...

Jun 1, 2015

Sharp paid board members more last year despite huge losses

Despite incurring huge losses in its slumping liquid-crystal display and solar panel businesses, struggling electronics firm Sharp Corp. paid its board members more last fiscal year than the previous year, a document showed Monday. Sharp doled out a total of ¥313 million ($2.5 million) ...

Jun 1, 2015

Kansai Electric hits households with second price hike

Kansai Electric Power Co. on Monday raised prices on households again, saying higher costs for imported fossil fuels had worsened business conditions in the absence of nuclear power. The price hike is the second by the major utility since the triple meltdown at the ...

Jun 1, 2015

Auto sales slide 7.6% in May on minicar tax

Auto sales in May fell 7.6 percent to 335,644 units from a year ago as the April tax hike on minivehicles weighed on demand, industry bodies said Monday. Minicar sales sank 19.6 percent to 125,755 units, down for the fifth consecutive month, the Japan ...