Business Topics

Jul 1, 2016

Belarus cuts four zeroes off currency amid economic woes

Belarus has redenominated its currency, cutting four zeroes off its face value, as the country struggles with recession. Friday’s redenomination is the third since the nation of 10 million became independent after the 1991 Soviet collapse. The Belarusian ruble, which had traded at 20,000 ...

Jul 1, 2016

Japan consumer confidence up again in June

Consumer confidence improved in June for a second month amid better employment conditions and relatively stable stock markets, the government said Friday. The seasonally adjusted index of sentiment among households made up of two or more people rose 0.9 points to 41.8, the Cabinet ...

Japan clobbered by weak inflation, businesss confidence

Jul 1, 2016

Japan clobbered by weak inflation, businesss confidence

Japan was clobbered with a one-two punch Friday morning as weak data and a lackluster business confidence report underscored the slowdown dragging on the world’s No. 3 economy. The poor readings will heap pressure on policymakers to unveil more stimulus, after the yen surged ...

Abenomics brings salarymen no relief as wives limit allowances

Jun 30, 2016

Abenomics brings salarymen no relief as wives limit allowances

Japan’s long-suffering salaried workers, famous for toiling long hours, have found no relief under the Abenomics reflation program, recording two of the three worst years when it comes to their monthly pocket money. Pocket money, set by wives who are often put in control ...

Jun 29, 2016

Abe urges BOJ to ensure market liquidity after Brexit vote

Prime Minister Shinzo Abe on Wednesday urged the central bank to provide ample funds to the market to ensure liquidity and keep the wheels of the economy turning in the wake of Britain’s shock vote to exit the European Union. “A sense of uncertainty ...

Jun 28, 2016

Tax revenue falls short of government estimate

Tax revenue collected by the central government in fiscal 2015 totaled around ¥56.28 trillion, government sources said, falling short of estimates as corporate tax revenue was reduced by the effects of a firming yen. For the past year to March 31, corporate tax revenue ...

Japan considers further help for small businesses hit by Brexit

Jun 28, 2016

Japan considers further help for small businesses hit by Brexit

Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain’s shock vote to leave the European Union, Economy Minister Nobuteru Ishihara said on Tuesday. Policymakers also said financial markets are starting to calm down after ...