Business Topics

LDP lawmaker asks Abe to put off next tax hike by 1½ years

Nov 11, 2014

LDP lawmaker asks Abe to put off next tax hike by 1½ years

A Liberal Democratic Party lawmaker is calling on Prime Minister Shinzo Abe to delay the next consumption tax increase “by 1½ years” to achieve the administration’s key policy goal of beating nearly two decades of deflation. Kozo Yamamoto said in a recent interview that ...

U.S. sticks to own free trade vision as China touts another

Nov 9, 2014

U.S. sticks to own free trade vision as China touts another

Washington will prioritize its own plans for an Asia-Pacific free trade agreement, a top U.S. official said Sunday, even as China seeks to elevate a broader vision for the region. The rival trading powers’ ideas on opening markets have injected an element of discord ...

China pledges $40 billion for new 'Silk Road'

Nov 9, 2014

China pledges $40 billion for new 'Silk Road'

Chinese President Xi Jinping is promising $40 billion to help Asian nations improve trade links in a new effort to assert Beijing’s ambitions as a regional leader. Xi made the pledge in a meeting with leaders of Pakistan, Bangladesh and five other Asian nations ...

Nov 8, 2014

U.S. economy fueling strong hiring if not pay gains

Healthy job growth in the United States has reached a level of consistency unseen in nearly two decades. In the same week that voters signaled discontent with the U.S. economy, the government issued a report that showed employers have added at least 200,000 jobs ...

Nov 7, 2014

Economist Paul Krugman urges Abe to delay tax hike, aide says

Economist Paul Krugman told Prime Minister Shinzo Abe during a meeting that he was concerned a further increase in the nation’s sales tax next year could hurt the economy, according to one of Abe’s aides. Krugman, a 2008 Nobel laureate in economics, urged Abe ...