Business Topics

Jan 30, 2015

4.2% wage hike due for public works builders

The land and infrastructure ministry announced Friday a 4.2 percent hike in standard wages for construction workers who participate in public works projects. Starting Sunday, the national average daily wage will stand at ¥16,678, rising for the fourth consecutive year. This year, the ministry ...

Inflation slows more than forecast in December

Jan 30, 2015

Inflation slows more than forecast in December

Japan’s inflation rate slowed more than forecast in December, adding to central bank chief Haruhiko Kuroda’s challenges in reflating the world’s third-biggest economy. Consumer prices excluding fresh food rose 2.5 percent from a year earlier, the statistics bureau said Friday in Tokyo. That was ...

Retail sales unexpectedly slump, in challenge to 'Abenomics'

Jan 29, 2015

Retail sales unexpectedly slump, in challenge to 'Abenomics'

Retail sales unexpectedly fell in December, underscoring challenges to Prime Minister Shinzo Abe’s effort to stoke a recovery in the world’s third-biggest economy. Sales slid 0.3 percent from November for a third straight monthly decline, the trade ministry said Thursday in Tokyo. That compared ...

Jan 29, 2015

Business, labor seek common ground ahead of wage talks

The nation’s largest business lobby and labor union held rare direct talks Thursday, seeking common ground ahead of their annual wage talks that could affect the Abe administration’s efforts to revitalize the economy. “This year’s spring labor offensive has drawn high expectations from the ...

Jan 26, 2015

BOJ's 2% inflation target may prove elusive in 2015

by Shinya Ajima

When Bank of Japan Gov. Haruhiko Kuroda met the press last week after the BOJ’s policy meeting, he effectively admitted the central bank may miss what the market perceives as its deadline of next fiscal year for achieving 2 percent inflation to revive the ...

Austerity-battered Greeks favor radical left before vote

| Jan 24, 2015

Austerity-battered Greeks favor radical left before vote

The winds of political change are coursing through austerity-weary Greece, but a financial whirlwind may lurk round the corner. Opinion polls ahead of Sunday’s closely watched national election agree: The radical left opposition Syriza party, which has vowed to rewrite the terms of Greece’s ...