Business Topics

Feb 12, 2015

Japan to miss 2020 fiscal reform goal: Cabinet

Japan is set to miss its key fiscal rehabilitation goal in fiscal 2020, even if the doubling of the consumption tax is completed and the economy is on a solid recovery track, an estimate released by the Cabinet Office said Thursday. Prime Minister Shinzo ...

Feb 10, 2015

OECD urges Japan to reduce farming subsidies, boost female workforce

The Organization for Economic Cooperation and Development on Monday called on Japan to “reduce producer support to agriculture” and boost the number of women in the nation’s labor force. In its “Going for Growth” report for 2015, the OECD said public support accounts for ...

Feb 9, 2015

Current account surplus hit record low in 2014

The current account surplus was the smallest in 2014 since comparable data became available in 1985, with the trade deficit swelling thanks to a surge in gas imports and a weaker yen, government data showed on Monday. The current account surplus, one of the ...

For investors, a new game plan after U.S. jobs report

| Feb 7, 2015

For investors, a new game plan after U.S. jobs report

A blowout jobs report has changed the calculus for investors for what the Federal Reserve might do in coming months, resetting expectations for how markets might behave if the U.S. economy continues to strengthen even as global growth lags. Strong job market growth, along ...

Feb 6, 2015

Composite index suggests economy is improving

Japan’s key composite index rose in December following a fall the previous month, the government said on Friday, suggesting the country’s economy may have overcome the negative impact of the 3-percentage-point consumption tax hike to 8 percent last April. The December index of coincident ...

Feb 5, 2015

Abe boosts Kuroda reflation effort with BOJ board nomination

by Toru Fujioka

The Abe administration has nominated a proponent of reflationary monetary policy for the central bank’s board, buttressing Gov. Haruhiko Kuroda’s effort to end a two-decade slump in the world’s third-biggest economy. The government proposed economist Yutaka Harada to replace Ryuzo Miyao, whose term ends ...

Families hit as inflation outruns wage rises

Feb 4, 2015

Families hit as inflation outruns wage rises

Increases in the cost of living outpaced annual earnings that rose for the first time in four years in 2014 as the Abe administration sought to reflate the economy. Average earnings climbed 0.8 percent last year while pay, adjusted for inflation, fell 2.5 percent, ...