Prime Minister Shinzo Abe’s bid to vault Japan out of 15 years of deflation risks losing public support by spurring too much inflation too quickly as companies add extra price increases to this month’s sales tax bump. Businesses from Suntory Beverage and Food Ltd. to beef bowl chain Yoshinoya Holdings ...
China’s gross domestic product grew 7.4 percent in the first three months of the year, official data showed Wednesday, increasing ...
Major homebuilders are suffering an unexpectedly prolonged and deep slowdown in orders for custom-built homes, following a rush of demand ...
The United States has proposed eliminating tariffs on imported Japanese vehicles over 30 years in bilateral talks related to a wider Pacific free trade pact, but Japan rejected it because the phaseout period is unusually long, sources close to the matter said Friday. The ...
Some Bank of Japan policymakers said exports may remain weak in the future as companies continue to shift production bases abroad and overseas demand wanes, the minutes of the central bank’s March policy meeting showed Friday. The nine-member Policy Board shared the view that ...
U.S. Treasury Secretary Jack Lew urged Japan Wednesday to compile another stimulus package or take other measures if signs of an economic slowdown emerge from the recent consumption tax hike. “The value-added tax is something that obviously has the potential to slow the economy,” ...
Core private-sector machinery orders shrank a seasonally adjusted 8.8 percent month-on-month in February, the government said Thursday, adding that the yardstick for capital spending had come to “a standstill.” The Cabinet Office downgraded its basic view of the trend for the first time in ...
The Group of 20 finance ministers and central bank chiefs are expected to focus on developments in the Chinese economy at their upcoming meeting, Takatoshi Kato, president of the Japan Center for International Finance, said in a recent interview. At the two-day gathering in ...
U.S. beef shipments to Japan may drop after the largest Asian buyer inked a deal with Australia to begin reducing import tariffs as early as next year, the agriculture ministry said. Japan agreed to gradually lower tariffs on imports of frozen beef from Australia ...
Bank of Japan Gov. Haruhiko Kuroda has shown that a single unprecedented expansion of monetary policy has more impact than a series of smaller steps, and economists say he’s preparing to prove it again. The yen has tumbled almost 9 percent since Kuroda doubled ...
The International Monetary Fund cut its annual growth forecast for Japan on Tuesday, singling out the country as the only major advanced economy to have its growth projections cut. Fallout from the April 1 consumption tax hike was cited as the reason for the ...
The government of Prime Minister Shinzo Abe’s final version of a draft energy report reinforces the role of nuclear power in the country’s future, but falls short of setting specific goals for renewable energy use. The policy describes nuclear power as “an important base-load ...
The Japan-Australia free trade deal that lowers or ends tariffs on Australian beef and dairy exports to Japan and on Japanese exports of machinery, consumer electronics, auto parts and food products to Australia, now puts pressure on the United States — and President Barack ...
The Australian beef industry welcomed Tuesday a broad accord between Japan and Australia to conclude a bilateral economic partnership agreement (EPA) for free trade. “Over the next 20 years, sales of Australian beef to Japan are expected to rise by 5.5 billion (Australian) dollars ...
The Bank of Japan on Tuesday left its ultra-loose monetary policy unchanged, while acknowledging the consumption tax hike introduced this month will have a negative impact on the economy. During a two-day meeting that ended Tuesday, the nine-member Policy Board unanimously decided to maintain ...
