Business Topics

Japan's leadership vital for success of TPP

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Despite the Diet’s approval Friday of the Trans-Pacific Partnership, the 12-nation free trade agreement is unlikely to come into force as it currently stands given U.S. President-elect Donald Trump’s pledge to pull the United States out of it once he takes office in January. Some scholars have suggested that if ...

Dec 8, 2016

Japan logs current account surplus in October for 28th month in a row

Japan posted a current account surplus for the 28th consecutive month in October, helped by cheap oil prices and the yen’s strength, the government said Thursday. The surplus jumped 22.7 percent to ¥1.72 trillion ($15 billion), with the trade surplus increasing. Among key components ...

Japan's third-quarter GDP growth weaker than expected

Dec 8, 2016

Japan's third-quarter GDP growth weaker than expected

Japan’s third-quarter GDP was weaker than expected with a 0.3 percent expansion, revised data showed Thursday, as slack corporate spending held back the world’s No. 3 economy. The latest figures were lower than an initial estimate of 0.5 percent growth in the July to ...

BOJ deputy Iwata says no shift away from asset purchases

Dec 7, 2016

BOJ deputy Iwata says no shift away from asset purchases

Bank of Japan Deputy Gov. Kikuo Iwata said the central bank hasn’t shifted its focus away from expanding the monetary base as it seeks to reach its inflation target. Iwata stressed that the BOJ will continue its large-scale asset purchases after it introduced a ...

Dec 6, 2016

Labor shortage is worst in least productive industries

Japan’s aging and shrinking population is causing labor shortages that should be helping workers win higher pay. But it’s not working out that way, in part because of low productivity in the areas of the greatest shortage, according to economists including Hideo Kumano at ...

Italian banks' recapitalization plans in turmoil as Renzi bows out

Dec 6, 2016

Italian banks' recapitalization plans in turmoil as Renzi bows out

The fate of key Italian banks was up in the air Monday as investors feared that Prime Minister Matteo Renzi’s resignation would threaten their recapitalization plans. Concern focused on Italy’s third-biggest bank, Monte dei Paschi di Siena (BMPS), which analysts said is one of ...

Trump to inherit solid but uneven economy: jobs report

Dec 3, 2016

Trump to inherit solid but uneven economy: jobs report

The U.S. jobs report released Friday made one thing clear: President-elect Donald Trump will inherit the same two-track U.S. economy that bedeviled his predecessor. Hiring is solid and the unemployment rate low. But longer-term problems persist — especially a stubbornly high number of men ...

If Trump succeeds, so will Mexico, telecoms tycoon Slim says

Dec 2, 2016

If Trump succeeds, so will Mexico, telecoms tycoon Slim says

Mexican billionaire Carlos Slim said on Thursday that if President-elect Donald Trump succeeds as U.S. leader, it will be good news for Mexico, offering a more upbeat view on the outlook for a Trump government than he had previously. Slim, a telecoms tycoon who ...

Nov 30, 2016

Industrial output up for third straight month

Japan’s industrial output in October rose a seasonally adjusted 0.1 percent from the previous month, up for the third straight month, buoyed by upturns in both domestic and external demand, the government said Wednesday. Production is likely to remain on a recovery track, as ...

Nov 29, 2016

Household spending continues to tumble

The nation’s household spending fell for the eighth straight month and the jobless rate remained flat in October, posing persistent challenges for the government’s efforts to spur growth momentum in the economy, government data showed Tuesday. Household spending, a key indicator of private consumption, ...