Business Topics

Stand firm on 10% sales tax, Noda warns Abe

Jun 11, 2014

Stand firm on 10% sales tax, Noda warns Abe

Prime Minister Shinzo Abe risks triggering market turmoil should he fail to raise the consumption tax to 10 percent next year, his immediate predecessor warned. The government needs to ride out the economic fallout from the first tax increase in April and then lift ...

Jun 10, 2014

Land prices reflecting real demand, not speculation

A recent increase in land prices reflects growing demand from buyers seeking yield and location, unlike during the bubble economy period in the late 1980s and early 1990s, when it was speculators who drove prices higher, the government said Tuesday. In its 2014 white ...

Current account surplus falls 76%

Jun 9, 2014

Current account surplus falls 76%

Despite a 76.1 percent plunge in April, Japan's trade balance stays in the black after foreign visitors provide the first travel surplus in 44 years.

Jun 9, 2014

GDP up sharply in first quarter, toward 7% annual rate

Japan’s economy grew an annualized 6.7 percent in the first quarter of 2014 when adjusted for inflation, more than reported earlier because of an upwards revision in corporate capital spending, the government said Monday. Gross domestic product, the total value of goods and services ...

U.S. employers add jobs at pace not seen since 1999

Jun 7, 2014

U.S. employers add jobs at pace not seen since 1999

For the first time since 1999, American employers have added more than 200,000 jobs a month for four straight months, offering more evidence that the U.S. economy is steadily growing while much of Europe and Asia struggle. Last month’s gain of 217,000 jobs means ...

Jun 6, 2014

Thai coup chief reportedly tries to keep Japanese investors onboard

Thai coup leader Prayuth Chan-Ocha has assured Japanese investors of economic stability and believes they won’t withdraw from the country, according to a military source. The source said Prayuth met with a group of Japanese investors to tell them the economy remains stable and ...

Jun 5, 2014

Robb confident TPP deal will be reached next year

Australian Trade Minister Andrew Robb said Thursday he is confident that the Trans-Pacific Partnership will be finalized next year, according to Australian Associated Press. Robb revealed that the negotiations are about 80 percent complete, with market access being the main sticking point. “It’s a ...

Abe, LDP agree to cut corporate tax rate from fiscal 2015

Jun 3, 2014

Abe, LDP agree to cut corporate tax rate from fiscal 2015

Prime Minister Shinzo Abe and his ruling Liberal Democratic Party’s tax panel agreed Tuesday to cut Japan’s corporate tax rate from fiscal 2015 on the condition that the government continues efforts to restore the country’s precarious public finances. Earlier in the day, Finance Minister ...