Business Topics

'Abenomics' still has long way to go

by Jun Hongo

The recent volatility of the Nikkei 225 stock average should not be a cause for alarm, government officials assured Friday, but pundits pointed out that “Abenomics” seems to have a long way to go until the economy begins to show a robust and steady recovery. While downplaying the key index’s ...

Does France have right revival plan?

| May 23, 2013

Does France have right revival plan?

by Sarah Dilorenzo

The man charged with reviving France’s shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite. As the country’s first-ever minister for industrial renewal, Arnaud Montebourg has told the world’s largest steelmaker it is not welcome in France; ...

Trade deficit extends to 10th straight month

May 23, 2013

Trade deficit extends to 10th straight month

Japan on Wednesday posted its worst April trade deficit as a weak yen ramped up import costs and helped extend the run of monthly shortfalls to the longest in over three decades. Data from the Finance Ministry showed the nation incurred a trade deficit ...

Economic assessment raised as weak yen fuels exports

May 21, 2013

Economic assessment raised as weak yen fuels exports

The government on Monday upgraded the economy for the first time in two months by deleting the word “weak” from its description to reflect the effect the “Abenomics”-weakened yen is having on exports and production. The economy “is picking up slowly,” the Cabinet Office ...

May 21, 2013

Yen climbs after Amari warning

The yen climbed versus a majority of its 16 major peers after economy minister Akira Amari said further losses in the currency would negatively affect the people, and the government’s job is to minimize that. The yen retreated from near its weakest point in ...

May 21, 2013

Keidanren boss to tour No. 1 plant

The chairman and other executives of Keidanren plan to tour the battered Fukushima No. 1 power plant, the influential business lobby said Monday. The corporate executives are making the trip so the group, also called the Japan Business Federation, can make policy recommendations to ...

May 20, 2013

Eurozone now eager to copy Japan, take 'easy way out'

by Fabien Zamora

Budding growth in the Japanese economy, just as a recession in Europe digs in, is renewing pressure on European policymakers to shift course from austerity to stimulus. Data released on Thursday said that Japan’s economy grew markedly in the first quarter, only weeks after ...

'Abenomics' turns Japan into global investor target

May 18, 2013

'Abenomics' turns Japan into global investor target

by Shamim Adam

Investors are more confident in a Japanese leader than any time since at least September 2010, with optimism about Prime Minister Shinzo Abe’s policies exceeding that for counterparts in the U.S., Europe and China. The number of respondents who are more optimistic than pessimistic ...

Economy grew at 3.5% pace in last quarter

May 17, 2013

Economy grew at 3.5% pace in last quarter

The economy enjoys a stronger than expected recovery, growing at a 3.5 percent annual pace as the government stepped up public works spending and eased credit to encourage investment.

Tariff elimination the focus of new TPP talks

May 17, 2013

Tariff elimination the focus of new TPP talks

The 11 countries involved in the Trans-Pacific Partnership free-trade negotiations began their 17th round of talks in Lima on Wednesday with the focus on whether exceptions should be made to the general rule of tariff elimination. Even though Japan gained the unanimous backing of ...