Business Topics

Does Greek vote befit the birthplace of democracy?

| Jul 4, 2015

Does Greek vote befit the birthplace of democracy?

When Prime Minister Alexis Tsipras dropped the bombshell of a popular plebiscite on the tough demands of creditors keeping Greece afloat, he cited the country’s pedigree as the “birthplace of democracy.” Greeks, the left-wing prime minister said last weekend, “should send a resounding democratic ...

Yes or no? What Greece's landmark vote might bring

| Jul 4, 2015

Yes or no? What Greece's landmark vote might bring

On his 10-year trip home, the Greek hero Odysseus at one point had to steer his ship and crew down a narrow stretch of water menaced on opposite sides by two sea monsters, Scylla and Charybdis. The Greek people are in similar dire straits ...

Jul 2, 2015

BOJ must achieve 2% inflation target, new board member Funo says

The Bank of Japan’s newest board member Yukitoshi Funo said the central bank must achieve its price target, indicating his support for Gov. Haruhiko Kuroda. “The 2 percent inflation target must be met” Funo, a former executive of Toyota Motor Corp., said in his ...

Jul 2, 2015

Japan, U.S. might resume TPP talks next week

The Japanese and U.S. governments are considering resuming working-level talks related to the Trans-Pacific Partnership negotiations on July 9, according to informed sources. Through the talks, Tokyo and Washington hope to find common ground on pending issues on the multilateral free trade deal, including ...

Jul 2, 2015

Firms forecast consumer prices to rise 1.4% over a year

Companies in Japan expect year-on-year inflation to hit 1.4 percent a year from now, the Bank of Japan said in a survey report Thursday. The estimate was unchanged from the previous survey three months ago, and cautious compared with the 2 percent increase the ...

Jul 1, 2015

Tankan shows unexpected improvement in manufacturer confidence

Sentiment among large manufacturers improved for the first time in three quarters in June, a Bank of Japan survey showed Wednesday, in a positive sign that runs counter to indications of a slowing economic recovery. The Tankan big manufacturer index rose to 15 from ...

Jul 1, 2015

Land prices rise in 10 prefectures, but overall trend is down

Land prices in Japan rose in 10 prefectures over the year to Jan. 1, the National Tax Agency said in an annual report released Wednesday. In the previous year of measurement, prices rose in eight prefectures. But nationwide prices declined an average 0.4 percent ...

Jun 30, 2015

For Japan, lesson from Greek crisis is to keep on spending

As one of the most indebted countries in the developed world, the crisis unfolding in Greece is causing a moment of self-reflection for Japan. But policymakers and economic advisers in Japan are not drawing an uncomfortable lesson about the need for fiscal discipline. Instead ...