Business Topics

Japan factory output down in July as China demand slumps

Aug 31, 2015

Japan factory output down in July as China demand slumps

Japan’s factory output contracted a worse than expected 0.6 percent on-month in July, official data showed on Monday, owing to lackluster demand at home and as a slowdown in China weighs on exports. The reading published by the industry ministry was weaker than the ...

July job availability best in over 23 years

Aug 28, 2015

July job availability best in over 23 years

Job availability across the country improved to its highest level in over 23 years and the unemployment rate fell to 3.3 percent in July, the government said Friday, signaling that companies are willing to hire more workers. The ratio of job offers to seekers ...

Flat inflation, fall in household spending a blow to 'Abenomics'

Aug 28, 2015

Flat inflation, fall in household spending a blow to 'Abenomics'

Inflation fell back to zero in July while household spending dropped again, official data showed Friday, with the disappointing numbers sure to stoke speculation that the central bank will unleash more stimulus. Core inflation, excluding volatile fresh food prices, was flat year-on-year, the internal ...

Aug 25, 2015

White goods shipments rose in July for third straight month

White goods shipments in Japan rose 7.1 percent in July from a year earlier to ¥242.2 billion, up for the third month in a row, an industry group said Tuesday. The shipments, which include air conditioners, held firm thanks to higher temperatures in Japan ...

Aug 24, 2015

Abe defends BOJ after failure to achieve 2% inflation

Prime Minister Shinzo Abe on Monday defended the Bank of Japan after it failed to meet its goal of achieving 2 percent inflation in the country in April 2015. “It was unavoidable to fail to achieve the goal amid plunging crude oil prices,” Abe ...

Aug 24, 2015

Japan revises up June economic index

The Cabinet Office said Monday it has revised up the composite index of coincident economic indicators for June. The coincident CI, which reflects current economic conditions, now stood at 112.3 against 100 for the base year of 2010, up from 112.0 in the preliminary ...

Aug 23, 2015

Major firms expect economy to grow: survey

Some 88 percent of major Japanese companies surveyed expect the economy to grow by the end of 2015, and nearly half of them plan to boost capital spending in the business year through March, a Kyodo News survey showed Saturday. The results of the ...

Finance minister warns China on currency moves

Aug 21, 2015

Finance minister warns China on currency moves

Finance Minister Taro Aso said Friday that recent moves by China to allow its currency to depreciate are a concern and could pose problems for Tokyo. The Nikkei 225 average fell 3 percent to 19,435.83 on Friday, slipping below the psychological benchmark of 20,000 ...

Aug 19, 2015

Trade deficit widens to ¥268.1 billion as export growth slows

The nation’s trade deficit widened to its largest level in five months in July, as exports slowed thanks to faltering demand in China and other key markets. Imports fell by less than forecast. The ¥268.1 billion deficit reported Wednesday compared with a deficit of ...