Business Topics

Corporate Japan stacks up cash, skimps on pay raises

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With profits soaring, Japanese companies’ record-breaking cash pile rises ever higher. That’s bad news for the economy, which is relying on exports to sustain a modest recovery as consumers struggle with stagnant wages. The country’s biggest economic problem is too much income flowing to companies, and their piles of unproductive ...

Feb 23, 2017

BOJ policymaker warns current monetary policy may hurt economy

A Bank of Japan policymaker expressed concern Thursday that the central bank’s current policy, aimed at keeping the country’s long-term interest rates low to spur domestic demand, may eventually hurt the economy. “Controlling long-term interest rates at a certain level could undermine the automatic ...

Feb 13, 2017

Trump-Abe rapport won't stop yen from passing 100, JPMorgan says

Prime Minister Shinzo Abe’s success in avoiding any clash over exchange rates with U.S. President Donald Trump at a summit meeting hasn’t resolved underlying conflict, according to JPMorgan Chase & Co. “We continue to think politics will be a main driver for dollar-yen this ...

Feb 9, 2017

Japan's December core machinery orders up 6.7%

Japan’s seasonally adjusted core machinery orders in December rose by 6.7 percent from the previous month, the Cabinet Office said Thursday. Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, totaled ¥889.8 billion. In ...

China advises companies to take 'precautions' over Brexit

Feb 7, 2017

China advises companies to take 'precautions' over Brexit

Chinese companies operating in Britain, especially in the financial sector or whose European headquarters are in Britain, need to take “precautions” due to uncertainly over Brexit, China’s ambassador to London said. Before Britain’s vote to exit the European Union in June last year, China ...

Japan's 0.5% wage increase last year the biggest since 2010

Feb 6, 2017

Japan's 0.5% wage increase last year the biggest since 2010

The wallets of Japan’s workers ended up a bit fatter last year, with total earnings rising the most since 2010. Total pay rose 0.5 percent from the previous year to an average ¥3.78 million ($33,673), while the number of hours worked dropped. Regular workers ...