Business Topics

Aug 6, 2014

Major firms to boost capital spending in Japan by 15% this year

Major firms plan to boost capital spending at home by 15.1 percent this business year, according to a recent survey. Domestic corporate capital expenditure is set to expand for the third straight year and outpace the fiscal 2013 growth of 3.0 percent, reflecting expectations ...

GPIF needs governance fix before asset change, LDP exec says

Aug 6, 2014

GPIF needs governance fix before asset change, LDP exec says

As the world’s biggest pension manager moves closer to putting more money in risky assets, the Liberal Democratic Party’s deputy policy chief says the fund needs to change its governance first. The Abe administration should submit a bill during the next Diet session to ...

Japan, U.S. take 'step forward' in beef, pork tariffs talks

Aug 6, 2014

Japan, U.S. take 'step forward' in beef, pork tariffs talks

Japan and the United States have taken a “step forward” in negotiations over Tokyo’s proposal to maintain tariffs on beef and pork under the Trans-Pacific Partnership, but severe hurdles remain, a Japanese trade official said. Both governments will continue trying to strike a deal, ...

Aug 5, 2014

Japan to end retaliatory tax on U.S. over Byrd Amendment

The Finance Ministry said Tuesday it will end a retaliatory tax imposed on U.S. products in response to that country’s Byrd Amendment. Under the amendment, the United States distributes revenue derived from antidumping duties collected from foreign companies to domestic producers. The retaliatory tax ...

Aug 5, 2014

Tax deductions for 'hometown donations' to be simplified

The Abe administration plans to simplify procedures for income and residential tax deductions for donations to municipalities of the taxpayer’s choice, Chief Cabinet Secretary Yoshihide Suga said. “We (want to) simplify the procedures as we hear people say the procedures are difficult,” Suga said ...

Aug 2, 2014

Think tanks forecast 7.4% drop in April-June GDP

Eleven private-sector think tanks suspect the economy shrank by an annualized rate of 7.4 percent on average from April to June, in price-adjusted real terms. Japan’s real GDP is expected to drop sharply after surging 6.7 percent from January to March as consumers rushed ...

Employers added 209,000 jobs to U.S. economy in July: report

Aug 2, 2014

Employers added 209,000 jobs to U.S. economy in July: report

A sixth straight month of solid 200,000-plus U.S. job growth in July reinforced growing evidence that the economy is accelerating after five years of sluggish expansion. Employers added 209,000 jobs last month. Though that was fewer than in the previous three months, the economy ...