Business Topics

Dec 8, 2014

Current account posts surplus for fourth straight month

Japan posted a current account surplus of ¥833.4 billion in October, the fourth straight month of black ink as income from foreign investment soared to a record high and outweighed a huge trade deficit, the government said Monday. Exports surged 11.2 percent from a ...

Dec 8, 2014

Japan, EU kick off eighth round of EPA talks

Japan and the European Union on Monday began five days of talks aimed at wrapping up an economic partnership agreement. Negotiators are expected to discuss issues including goods trade liberalization and the easing of nontariff trade barriers during the Tokyo talks, the eighth of ...

Dec 8, 2014

For U.S. unemployed, job market hits a turning point

Look past the booming November job gain of 321,000 reported Friday — the best figure in three years in the strongest year for U.S. hiring since 1999. The job market has reached a new milestone on its road to full health: For the first ...

321,000 hired in U.S. last month

Dec 6, 2014

321,000 hired in U.S. last month

by Christopher S. Rugaber

A resurgence in U.S. hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999. The gain of a robust 321,000 jobs — the most in nearly three years — put further distance between a strengthening ...

Dec 5, 2014

Bankruptcies caused by weakening yen set new record in November

Corporate bankruptcies linked to the yen’s slide hit a new record in November, highlighting the strains on small and midsize companies as Prime Minister Shinzo Abe campaigns for re-election on his deflation-busting economic strategy. Forty-two of the companies that failed in November cited the ...

Dec 4, 2014

BOJ plan's success hinges on fiscal action plan, policymaker warns

A Bank of Japan Policy Board member said Thursday that it is essential for the government to make progress on fiscal consolidation as its efforts will eventually determine the success of the central bank’s drastic monetary easing. The BOJ has been purchasing Japanese government ...

Abe's team to offer  gasoline subsidies as oil follows yen

Dec 4, 2014

Abe's team to offer gasoline subsidies as oil follows yen

The Abe administration plans to launch a subsidy program for gasoline, kerosene and other fuel to help deal with the yen’s steep fall even though the price of crude oil is sinking, according to informed sources. The administration plans to include the program in ...

Dec 2, 2014

Inflation-adjusted wages continue falling

Wages for salaried workers adjusted for inflation dropped 2.8 percent in October, marking the 16th consecutive month of decline, government data showed Tuesday. Wages stood at ¥267,935 per worker, up 0.5 percent from a year earlier if the impact of consumer price hikes is ...

Dec 2, 2014

Japan's recession may be shallower than first thought

The third-quarter contraction that tipped Japan into recession may not be as sharp as first thought, with economists revising gross domestic product forecasts as the Lower House election campaign started Tuesday. The economy probably shrank an annualized 0.6 percent in the three months through ...