Business Topics

Feb 6, 2015

Composite index suggests economy is improving

Japan’s key composite index rose in December following a fall the previous month, the government said on Friday, suggesting the country’s economy may have overcome the negative impact of the 3-percentage-point consumption tax hike to 8 percent last April. The December index of coincident ...

Feb 5, 2015

Abe boosts Kuroda reflation effort with BOJ board nomination

by Toru Fujioka

The Abe administration has nominated a proponent of reflationary monetary policy for the central bank’s board, buttressing Gov. Haruhiko Kuroda’s effort to end a two-decade slump in the world’s third-biggest economy. The government proposed economist Yutaka Harada to replace Ryuzo Miyao, whose term ends ...

Families hit as inflation outruns wage rises

Feb 4, 2015

Families hit as inflation outruns wage rises

Increases in the cost of living outpaced annual earnings that rose for the first time in four years in 2014 as the Abe administration sought to reflate the economy. Average earnings climbed 0.8 percent last year while pay, adjusted for inflation, fell 2.5 percent, ...

Feb 3, 2015

Diet enacts extra budget to boost domestic demand

The Diet has enacted a ¥3.12 trillion extra budget for fiscal 2014 to fund an economic stimulus package aimed at boosting domestic demand aggravated by last year’s consumption tax hike and the yen’s plunge. The supplemental budget was approved Tuesday evening in the Upper ...

Japan, U.S. resume working-level TPP talks

Feb 3, 2015

Japan, U.S. resume working-level TPP talks

Japan and the United States on Monday resumed working-level talks on the proposed Trans-Pacific Partnership, aiming to resolve bilateral disagreements on the scope of tariff reduction on farm products and autos, informed sources said. In discussions on agricultural trade, set to continue until Wednesday, ...

Consumer optimism puts  U.S. economy on steady course

| Jan 31, 2015

Consumer optimism puts U.S. economy on steady course

There’s a good reason the U.S. economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness. Companies have been hiring at healthy rates for the past year. Layoffs hover near historic lows. Auto ...

Greek government refuses to cooperate with 'troika,' seek aid extension

Jan 31, 2015

Greek government refuses to cooperate with 'troika,' seek aid extension

Greece’s new leftist government opened talks on its bailout with European partners on Friday by flatly refusing to extend the program or to cooperate with the international inspectors overseeing it. Prime Minister Alexis Tsipras’ government also sacked the heads of the state privatization agency ...

Jan 30, 2015

4.2% wage hike due for public works builders

The land and infrastructure ministry announced Friday a 4.2 percent hike in standard wages for construction workers who participate in public works projects. Starting Sunday, the national average daily wage will stand at ¥16,678, rising for the fourth consecutive year. This year, the ministry ...