Business Topics

Jul 8, 2014

Progress made on labor rights issues at Ottawa TPP meeting

Officials from the 12 countries involved in the Trans-Pacific Partnership have made significant progress on the issue of establishing rules for labor rights protection at their ongoing meeting in the Canadian capital, a Japanese official said. Under the TPP initiative, the 12 countries are ...

Current account surplus in the black for fourth straight month

Jul 8, 2014

Current account surplus in the black for fourth straight month

The nation’s current account balance was in the black for the fourth straight month in May, standing at ¥522.8 billion, as imports slid for the first time in 19 months after the April 1 consumption tax hike cooled domestic demand, the government said Tuesday. ...

Jul 7, 2014

Tax hike blurs economic outlook as indicators dip

An index of indicators used to predict future economic conditions fell in May for the fourth straight month May, with the first consumption tax hike in 17 years denting optimism, the government said Monday. The index of leading indicators, which predicts economic developments in ...

Jul 7, 2014

BOJ sanguine on state of regional economies

The Bank of Japan said in a quarterly report Monday that the nation’s nine regional economies are still robust despite downward pressure from the April 1 consumption tax hike. The tax hike to 8 percent from 5 percent was expected to dent household and ...

India interested in Japan's bullet train technology

Jul 3, 2014

India interested in Japan's bullet train technology

India’s railway system needs huge improvements and Indian Commerce Secretary Rajeev Kher says his country is interested in adopting Japan’s bullet train technology. “The government is looking at how the better quality, the new quality of trains should be introduced” and “shinkansen is one ...

Jul 2, 2014

More small and midsize firms raising basic pay

Twenty-nine percent of small and medium-size enterprises have raised basic pay this business year, up from 11.4 percent last year, the government said Wednesday. The increase, though far smaller than the 44.4 percent of large companies offering better pay, indicates that wage hikes to ...

Jul 2, 2014

Japan gasoline prices up for 10th week

The average retail price of regular gasoline rose ¥1.0 from a week earlier to ¥168.4 per liter as of Monday, up for the 10th straight week, the Natural Resources and Energy Agency said Wednesday. Gasoline prices rose in 46 of the 47 prefectures. Only ...

Jul 2, 2014

Singapore eases import ban on Fukushima products

Singapore eased at the end of June its import ban on food from Fukushima Prefecture, home to Tokyo Electric Power Co.’s disaster-crippled nuclear power plant, Japan’s Agriculture, Forestry and Fisheries Ministry has said. The government of Singapore approved the restart of imports of food ...

Companies expect stable inflation to set in

Jul 2, 2014

Companies expect stable inflation to set in

Companies are forecasting sustained price gains, providing support for the Bank of Japan’s campaign to generate stable inflation. They forecast inflation of 1.5 percent per year, unchanged from three months ago, the BOJ reported Wednesday. Companies see prices rising 1.6 percent from a year ...