Business Topics

Jul 10, 2015

IMF cuts 2015 growth projection for world, Japan

The International Monetary Fund slashed its 2015 growth projections on Thursday for the world due to a setback for the U.S. economy as well as Japan, citing continuously weak consumption. The global economy is expected to expand 3.3 percent this year in terms of ...

Jul 9, 2015

Core machinery orders rise in May for third month running

Core private-sector machinery orders rose a seasonally adjusted 0.6 percent in May from the previous month for the third consecutive monthly gain, led by strong demand from the manufacturing sector, the government said Thursday. The value of orders, widely regarded as a leading indicator ...

Jul 7, 2015

Poor EU nations take hard-line on Greece

The eurozone’s poorer former communist nations, having themselves endured painful reforms and austerity programs, are taking a hard line on Greece after its people voted to reject creditors’ bailout terms. Estonia, Latvia, Lithuania and Slovakia have long insisted they are too poor to pay ...

Jul 7, 2015

TPP ministers to gather in Hawaii July 28-29

Pacific Rim countries pursuing a free trade initiative are set to hold ministerial talks on July 28 and 29 in Hawaii to wind up their marathon negotiations, a source said Monday. The United States, Japan and 10 other countries came up with the plan ...

Changes behind the wheel for Tokyo's taxi industry

Jul 7, 2015

Changes behind the wheel for Tokyo's taxi industry

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The taxi industry is looking at a range of initiatives to improve service for customers, ranging from training drivers as tour guides to adopting larger vehicles. One program already proving popular gives priority to pregnant women entering labor. The pioneering pregnancy-priority dispatch service by ...

Jul 6, 2015

Quarterly growth in regional economies intact, BOJ reports

The Bank of Japan on Monday maintained its assessments of eight of nine regional economies on the back of improving employment and income conditions as the country’s economy continues to recover moderately. The central bank upgraded its view on Hokkaido from the previous report ...