Business Topics

Japan's Abe exploring delicate timing of tax hike decision

| May 24, 2016

Japan's Abe exploring delicate timing of tax hike decision

As this summer’s Upper House election draws near, Prime Minister Shinzo Abe faces the difficult problem of when to make the final decision on a planned consumption tax increase. Speculation is growing that Abe will again postpone the consumption tax hike, currently planned for ...

May 23, 2016

Pro-Abenomics LDP group urges Abe to proceed with tax hike

A group of lawmakers in the ruling Liberal Democratic Party is urging Prime Minister Shinzo Abe to go ahead with the second stage of the consumption tax hike in April 2017, and implement economic stimulus worth ¥15 trillion to ¥20 trillion by compiling a ...

Japan's exports post seventh monthly decline on stronger yen

May 23, 2016

Japan's exports post seventh monthly decline on stronger yen

Exports fell for the seventh consecutive month in April as the yen strengthened, underscoring the growing challenges to Prime Minister Shinzo Abe’s efforts to revive economic growth. Overseas shipments declined 10.1 percent in April from a year earlier, the Finance Ministry said Monday. The ...

May 23, 2016

Cabinet Office slightly revises economic index numbers

The composite index of coincident economic indicators rose 0.4 points in March from the previous month, the Cabinet Office said in a revised report Monday. Previously, the government agency said the coincident index, which reflects current economic conditions, gained 0.5 points. The index now ...

Record 97% of university graduates land jobs

May 20, 2016

Record 97% of university graduates land jobs

A record-high 97.3 percent of university graduates in Japan were employed as of the beginning of the fiscal year on April 1, according to government data released Friday, reflecting companies’ increasing appetite for recruitment. The employment rate of job-seeking university graduates rose 0.6 percentage ...