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Aso jawbones markets as yen climb puts cloud over Abenomics

Feb 12, 2016

Aso jawbones markets as yen climb puts cloud over Abenomics

Japanese officials stepped up their expressions of concern about a soaring yen as the currency’s renewed strength threatened to undermine the government’s Abenomics program for reviving the economy. With the yen trading near a 15-month high against the dollar, concern is growing that this ...

Feb 12, 2016

Japanese steel unions kick off 'shunto' wage talks

Labor unions representing the nation’s major steel makers submitted their pay hike requests on Friday, kicking off this year’s shunto spring wage negotiations and setting the tone for talks in other sectors. The Federation of Nippon Steel & Sumitomo Metal Workers’ Unions requested a ...

Feb 12, 2016

Limping wine industry pushing for growth in Japan

Cheers! Winemakers worldwide are hoping for sales growth in Japan at a time when consumption in major markets is sluggish. Japanese are not only drinking more wine, they are also relatively knowledgeable about the product, industry people say. One official goes so far as ...

Feb 12, 2016

Japan's economic roller coaster is headed for another dip

After three years of Abenomics and record monetary stimulus from the central bank, the economy still cannot escape a roller-coaster cycle of expansion and contraction. The next round will commence on Monday, when gross domestic product data for the fourth quarter are released. The ...

Feb 12, 2016

Four-nation eel talks on ice because of Chinese objections

Negotiations among Japan, China, South Korea and Taiwan on resource management of the Japanese eel, which is in danger of extinction, have been suspended since June, Jiji Press has learned. This is because China has been reluctant to accept a proposal to establish a ...

Camera makers struggle to stay atop smartphone wave

Feb 12, 2016

Camera makers struggle to stay atop smartphone wave

High school student Nao Noguchi is a perfect example of why Japanese camera sales have plunged in the past few years — she uses her smartphone for everything and cannot understand why anyone would bother with a separate device for photos. “It is easy ...

Feb 11, 2016

Dollar tumbles below ¥111 in London

The dollar accelerated its downswing to briefly slip below ¥111 for the first time in about 15 months in London trading Thursday morning. The greenback fell to as low as ¥110.99 at one point, according to market sources. At 9 a.m., the dollar stood ...