Business Topics

Sep 9, 2014

Abe needs more stimulus to raise sales tax, adviser Itoh says

The administration should consider a supplementary budget this year and will need to add stimulus for the economy to weather the planned increase in the consumption tax in 2015, according to Motoshige Itoh, a member of an advisory panel to Prime Minister Shinzo Abe. ...

Sep 9, 2014

Australia urges Japan to further lower beef tariffs in TPP

Australia is urging Japan to further lower its tariffs on beef under the Trans-Pacific Partnership after Tokyo agreed to substantially cut them under a two-way free trade deal struck in April, negotiation sources said Tuesday. Australia, which became the first major farming country to ...

Japan current account balance back in black

Sep 8, 2014

Japan current account balance back in black

The nation’s current account balance was in the black for the first time in two months in July, hitting ¥416.7 billion as the income from foreign investments rose to a record high for the month, outweighing the trade deficit, the government said Monday. Imports ...

Sep 8, 2014

Business confidence fell in August as downpours hit nation

Business confidence among workers sensitive to economic trends fell in August for the first time in four months as prolonged rain and typhoons discouraged consumers from spending. The diffusion index of responses to the government’s survey of “economy watchers” such as taxi drivers and ...

Sep 6, 2014

In talks Japan and U.S. remain apart over TPP-related auto trade

Japan and the United States remained apart Friday over the issue of whether Japan can allow U.S. automakers more access to the domestic market under an envisioned Pacific free trade deal, a Japanese official said. “We made some progress but reached no new agreement,” ...

U.S. job growth drops to 142,000, slowest in eight months

Sep 6, 2014

U.S. job growth drops to 142,000, slowest in eight months

A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary slowdowns. Employers added just 142,000 jobs last month, well below the 212,000 average of the previous ...