Business Topics

Aug 2, 2016

IMF backs labor, tax reforms to boost Abenomics

The government of Prime Minister Shinzo Abe should step up efforts to revamp the labor market, encourage businesses to raise wages and restore the nation’s debt-ridden finances through consumption tax increases as part of efforts to spur the flagging Abenomics policy mix, the International ...

Jul 29, 2016

Japan's jobless rate hit 21-year low of 3.1% in June

Japan’s unemployment rate fell to 3.1 percent in June, the lowest level in nearly 21 years, government data showed Friday, highlighting companies’ willingness to hire more people in a tight labor market. The improvement in three months came as separate data showed the country’s ...

Jul 29, 2016

Japan's consumer prices off for fourth straight month in June

Japan’s consumer prices fell 0.5 percent in June from a year earlier for the fourth straight month of decline, the government said Friday, adding pressure on the Bank of Japan to further ease monetary policy to boost inflation. The core consumer price index, which ...

Jul 26, 2016

Penny-pinching Japanese households spend less on having fun

Whether it is the young or the old, Japanese consumers are spending less on fun, and that is bad news for Abenomics. With many pensioners on fixed incomes focused on buying the essentials, and a growing number of workers in their 20s and early ...