Business Topics

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Does France have right revival plan?

by Sarah Dilorenzo

The man charged with reviving France’s shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite. As the country’s first-ever minister for industrial renewal, Arnaud Montebourg has told the world’s largest steelmaker it is not welcome in France; exchanged angry letters with the head ...

May 21, 2013

Yen climbs after Amari warning

The yen climbed versus a majority of its 16 major peers after economy minister Akira Amari said further losses in the currency would negatively affect the people, and the government’s job is to minimize that. The yen retreated from near its weakest point in ...

May 21, 2013

Keidanren boss to tour No. 1 plant

The chairman and other executives of Keidanren plan to tour the battered Fukushima No. 1 power plant, the influential business lobby said Monday. The corporate executives are making the trip so the group, also called the Japan Business Federation, can make policy recommendations to ...

May 20, 2013

Eurozone now eager to copy Japan, take 'easy way out'

by Fabien Zamora

Budding growth in the Japanese economy, just as a recession in Europe digs in, is renewing pressure on European policymakers to shift course from austerity to stimulus. Data released on Thursday said that Japan’s economy grew markedly in the first quarter, only weeks after ...

'Abenomics' turns Japan into global investor target

May 18, 2013

'Abenomics' turns Japan into global investor target

by Shamim Adam

Investors are more confident in a Japanese leader than any time since at least September 2010, with optimism about Prime Minister Shinzo Abe’s policies exceeding that for counterparts in the U.S., Europe and China. The number of respondents who are more optimistic than pessimistic ...

Economy grew at 3.5% pace in last quarter

May 17, 2013

Economy grew at 3.5% pace in last quarter

The economy enjoys a stronger than expected recovery, growing at a 3.5 percent annual pace as the government stepped up public works spending and eased credit to encourage investment.

Tariff elimination the focus of new TPP talks

May 17, 2013

Tariff elimination the focus of new TPP talks

The 11 countries involved in the Trans-Pacific Partnership free-trade negotiations began their 17th round of talks in Lima on Wednesday with the focus on whether exceptions should be made to the general rule of tariff elimination. Even though Japan gained the unanimous backing of ...

2,000 attend Africa resources confab

May 17, 2013

2,000 attend Africa resources confab

A two-day meeting to discuss how to utilize African natural resources started in Tokyo on Thursday, with around 2,000 people, including natural resources ministers from 15 African nations, attending. At the Japan Sustainable Mining, Investment and Technology Business Forum, or J-SUMIT, the African ministers ...

May 17, 2013

New employment for disabled hits record high in 2012

The number of people with disabilities who found work through public job-placement offices hit a record high for the third consecutive year in fiscal 2012 that ended in March, according to the latest government data. The figure was up 15.1 percent from the previous ...

May 16, 2013

Passage of 2013 budget to pave way for bonds

by Ayako Mie

The Diet on Wednesday approved the ¥92 trillion budget for fiscal 2013 to support the immediate issuance of debt-covering government bonds. The Upper House rejected the budget bill earlier in the day as lawmakers voted along party lines. The ruling coalition lacks a clear ...