Business Topics

Jun 14, 2016

Fitch cuts outlook on government debt in wake of tax hike delay

Fitch Ratings on Monday slashed its outlook on Japanese government bonds to negative from stable, citing a lack of specific steps to achieve the country’s fiscal reform goal following another delay in the consumption tax hike. “The outlook revision primarily reflects Fitch’s decreased confidence ...

Jun 13, 2016

Large-firm business confidence worsens in April to June period

Business confidence among large companies deteriorated significantly in the April to June period due to production suspensions brought about by earthquakes in central Kyushu and on a stronger yen, a government survey showed Monday. The index for business conditions at companies capitalized at ¥1 ...

Jun 10, 2016

Japan's May wholesale prices drop 4.2% on lower oil costs

Japan’s wholesale prices fell 4.2 percent in May from a year earlier for the 14th straight month of decline, weighed down by falling crude oil prices and a stronger yen, the Bank of Japan said Friday. The index of corporate goods prices stood at ...

Jun 8, 2016

Japan logs current account surplus for 22nd consecutive month

Japan posted a current account surplus for the 22nd consecutive month in April, the government said Wednesday, as declining crude oil prices reduced imports and rising numbers of foreign tourists pushed up a travel surplus. The current account surplus expanded 41.7 percent from a ...

Quarterly GDP is revised up, showing 1.9% growth

Jun 8, 2016

Quarterly GDP is revised up, showing 1.9% growth

The economy grew slightly more than initially reported for the first quarter, helped by a fractional revision in private consumption and business investment that dropped less than first thought. Gross domestic product expanded by an annualized 1.9 percent in the three months ended March ...

Kuroda should drop two-year inflation target: former BOJ director

Jun 7, 2016

Kuroda should drop two-year inflation target: former BOJ director

The Bank of Japan should abandon its two-year time frame for achieving 2 percent inflation to avoid the pressure of having to take more drastic measures to reach the distant goal, a former BOJ executive director has said. “It’s already conducting very bold stimulus,” ...