Business Topics

Jobless rate rises to 3.8% on July surge in job-seekers

The unemployment rate rose to 3.8 percent in July from 3.7 percent in June as more people began looking for jobs to tap an apparent upturn in the economy, the government said Friday. The unemployment rate for women rose 0.2 point from June to 3.7 percent, while the rate for ...

April-June business investment up 3% despite tax hike

Sep 1, 2014

April-June business investment up 3% despite tax hike

Capital spending by nonfinancial Japanese companies rose 3.0 percent in the April-June period from a year earlier, indicating that the first consumption tax hike in 17 years has not significantly affected corporate investment, the government said Monday. Business investment by all nonfinancial sectors for ...

Sep 1, 2014

Auto sales fall to lowest in three years on sales tax hike

Auto sales tumbled to a three-year low last month, the latest sign that consumer spending is slumping following the April 1 consumption tax increase. Vehicle deliveries fell 9.1 percent from a year earlier to 333,471, the lowest since August 2011, according to industry figures ...

Aug 29, 2014

Japan, U.S. trade chief might hold TPP powwow in September: Amari

Tokyo and Washington could hold a ministerial meeting in September to reach agreement on contentious bilateral issues related to the Trans-Pacific Partnership, the minister in charge of the trade initiative said Friday. Akira Amari said he thinks there is a possibility he will meet ...

Aug 28, 2014

Additional sales tax hike difficult decision for Abe: adviser

Japan’s additional consumption tax hike planned for next year is a hard decision for Prime Minister Shinzo Abe to make, given a slowdown in the nation’s economic recovery, one of his advisers said Wednesday. Etsuro Honda, a special adviser on economic affairs, also indicated ...

Aug 26, 2014

Trust banks reinforce services ahead of inheritance tax hike

Major trust banks are reinforcing inheritance-related services, anticipating that more people will transfer assets to their descendants ahead of a planned inheritance tax hike in January. The banks aim to attract customers from three generations, emphasizing testamentary trusts, property divisions and trusts for money ...

Aug 26, 2014

Administration may abolish tax break for smaller firms

The Abe administration is considering abolishing a special tax break for small and midsize companies at the end of March in order to finance the corporate tax cut promised the prime minister has promised. The move is expected to draw criticism that the administration ...

Aug 21, 2014

Think tanks revise down GDP outlook for fiscal 2014

Private think tanks have cut their estimates for Japan’s gross domestic product for fiscal 2014 after the economy reportedly shrank at its fastest pace in 13 quarters in April-June. Japan’s price-adjusted real GDP will grow only 0.5 percent in the year ending next March, ...

Aug 21, 2014

July supermarket down fourth month since tax hike

Supermarket sales fell 2.1 percent in July from a year earlier on a same-store basis, declining for the fourth consecutive month since the April 1 consumption tax hike, an industry body said Thursday. Sales at 9,252 stores operated by 60 supermarket chains totaled ¥1.09 ...