Business Topics

Feb 13, 2015

BOJ sees extra stimulus as counterproductive for now

by Masahiro Hidaka

Bank of Japan policymakers view further monetary easing to shore up inflation as a counterproductive step at present, amid concern it could trigger declines in the yen that damage confidence, sources said. The yen strengthened after the remarks, which indicate a possible shift in ...

Feb 12, 2015

Core machinery orders jumped 8.3% in December

Core machinery orders jumped 8.3 percent to ¥853.6 billion in December, the government said Thursday, suggesting companies suddenly became eager to boost investment. The orders are viewed as a leading indicator of capital spending. Compared with the previous month, private-sector orders, excluding those in ...

Aso vows to improve 'extremely severe' public finances

Feb 12, 2015

Aso vows to improve 'extremely severe' public finances

The state of Japan’s public finances is “extremely severe,” Finance Minister Taro Aso said on Thursday, vowing to do whatever is needed to boost revenues and cut expenditures to restore the country’s fiscal health. Aso, who is also deputy prime minister, said Tokyo will ...

Feb 12, 2015

Wholesale prices logged sharpest fall in four years in January

Wholesale prices dropped 2.4 percent year on year in January, excluding the impact of last April’s consumption tax hike, to mark the fastest fall in four years as crude oil prices continued to fall, the Bank of Japan said Thursday. The corporate goods prices ...

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 ...