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Spending slump casts doubt on Bank of Japan optimism

by Leika Kihara

Household spending slumped unexpectedly in April and consumer inflation came in roughly flat, casting doubt on the central bank’s view that a steady economic recovery will help move inflation toward its ambitious 2 percent target. Households spent less on leisure and dining out even as the jobless rate fell to ...

May 29, 2015

Japan April job availability up to 1.17, best in 23 years

Japan’s job availability improved in April to its best level in around 23 years while the unemployment rate fell to its lowest level in 18 years, with companies willing to hire more workers on the back of an economic recovery, the government said Friday. ...

May 28, 2015

April retail sales disappoint as consumption tax weighs

Retail sales rose less than forecast in April, signaling a weak start to the second quarter for an economy that is still weighed down by last year’s sales-tax increase. Sales climbed 0.4 percent from March, when they dropped 1.8 percent, government data released Thursday ...

May 28, 2015

Japan to suggest China dismantle ATM 'trade barriers'

Japan said in a report on unfair trade practices that it plans to urge China to revise regulations on ATMs and information and telecommunications systems for sale to Chinese banks. In the 2015 report, the Ministry of Economy, Trade and Industry described regulations on ...

May 27, 2015

TPP meeting ends without setting date for ministerial session

Chief negotiators from countries involved in the proposed Trans-Pacific Partnership free trade initiative wrapped up their latest round of negotiations in Guam on Wednesday, without setting a date for a ministerial meeting to reach a broad agreement. The 12 countries in the negotiations have ...

May 27, 2015

Kuroda faces opposition even after BOJ extended price target

Even the Bank of Japan’s recently extended time frame for achieving its inflation target may be too optimistic, according to some members of the BOJ Policy Board. A few members said at the central bank’s April 30 meeting that inflation would not reach 2 ...

May 26, 2015

Business lobbies to send joint delegation to China in November

Keidanren and two other business associations will send a delegation to China in November in hopes of strengthening economic cooperation between the two countries. It will be the first time for the three bodies — Keidanren, the Japan Chamber of Commerce and Industry and ...

Japan slides back into trade deficit, erasing March surplus

May 25, 2015

Japan slides back into trade deficit, erasing March surplus

Japan swung back into a trade deficit in April after logging its first surplus in almost three years in March, but the shortfall shrank drastically year on year, thanks to stronger exports and lower energy bills, official data showed Monday. The monthly deficit came ...

May 24, 2015

BOJ chief Kuroda stays on message at ECB Forum in Portugal

Bank of Japan Gov. Haruhiko Kuroda said Saturday at a forum in Portugal that Japan is overcoming the deflation that has plagued its economy for nearly two decades, according to the text of his speech released Sunday by the central bank. Referring to “positive ...