Business Topics

Sep 28, 2016

'Dramatic slowing' seen in global trade, as rhetoric rises

Trade, that lifeblood of the world economy, is growing at its slowest rate in seven years and could falter even more should anti-globalization sentiment encourage governments to throw up more barriers. That’s the verdict from the World Trade Organization, which dramatically slashed its forecast ...

Visiting Chinese premier calls for 'win-win' cooperation with Canada

Sep 24, 2016

Visiting Chinese premier calls for 'win-win' cooperation with Canada

Chinese Premier Li Keqiang called Friday for strong relations with Canada as he wrapped up a three-day visit to the important trading partner. “We have no excuses,” Li told a Canadian-Chinese business council in Montreal. “China and Canada must have win-win cooperation.” Canadian Prime ...

OECD cuts world growth outlook amid weak advanced economies

Sep 21, 2016

OECD cuts world growth outlook amid weak advanced economies

The Organisation for Economic Cooperation and Development on Wednesday cut its global economic outlook for 2016, as growth remains subdued in the United States, Europe and Japan amid sluggish trade activity. The OECD now expects the global economy to expand 2.9 percent this year, ...

Mixed results for land prices on new shinkansen routes

| Sep 21, 2016

Mixed results for land prices on new shinkansen routes

Government data has showed new shinkansen routes have had a varying impact on land prices in areas along the lines. So-called standard land prices as of July 1, used as a benchmark for land transactions in Japan, went up again this year in areas ...

Sep 21, 2016

Strong yen resulted in trade deficit in August

Japan posted a goods trade deficit of ¥18.71 billion in August for the first red ink in three months, with a firming yen pushing down the value of exports, government data showed Wednesday. The value of exports dropped 9.6 percent from a year earlier ...

Obama enlists Republican Gov. Kasich to push for TPP trade deal

Sep 17, 2016

Obama enlists Republican Gov. Kasich to push for TPP trade deal

Ohio’s Republican governor, John Kasich, took over the White House briefing lectern on Friday to praise the 12-nation Trans-Pacific Partnership, an unusual move that shows how hard President Barack Obama will push for the trade deal’s approval. Obama, a Democrat who will leave office ...

Sep 14, 2016

'Safety net' needed to get young consumers to spend more: economist

Kazuhisa Takemura has an idea for helping Japan’s struggling economy: Entice younger consumers to spend more by providing them a financial and emotional cushion. Takemura, a professor of psychology at Waseda University in Tokyo who focuses on decision theory, says that if younger consumers ...