Prime Minister Shinzo Abe urged companies to increase wages faster than gains in the cost of living to break the legacy of 15 years of deflation, and praised Toyota Motor Corp. and Hitachi Ltd. for pledging to help. “What we want is for wages to rise more than prices,” Abe ...
The current account balance logged its first deficit in nine months in October as a surge in fuel imports more ...
The yen will rally to 100 per dollar in the first half of next year because the Bank of Japan ...
The economy expanded at a slower pace than initially estimated in the third quarter, sparking concern that “Abenomics” is failing to help the nascent recovery gain momentum, the government said Monday. The downgrade means the world’s third-biggest economy grew at an annualized rate of ...
Japan and the United States still need to bridge gaps on controversial issues in the ongoing Trans-Pacific Partnership free trade talks, a Japanese senior vice minister said after meeting with the U.S. trade representative on Sunday. On the sidelines of the 12-country TPP meeting ...
A deal to boost global trade has been OK’d by the World Trade Organization’s 159 member economies for the first time in nearly two decades, keeping alive the possibility that a broader agreement to create a level playing field for rich and poor countries ...
The U.S. job market has been recovering fitfully for three years. Now, it’s starting to show consistency. Employers added 203,000 jobs in November, sending the unemployment rate down to 7 percent, a five-year low. Stock investors were heartened by the news, sending the Dow ...
Prime Minister Shinzo Abe’s Cabinet approves an ¥18.6 trillion package in a bid to avoid a sharp economic downturn from next April’s sales tax hike.
The government plans to keep the 50 percent weekend and holiday discount for expressway tolls until the end of next June, sources said Thursday. Last week, three expressway operators, including East Nippon Expressway Co., announced plans to scale down the discount to 30 percent ...
Honda Motor Co.’s Fit compact remained the best-selling car on the domestic market in November for the second straight month after the hybrid model was fully renovated in September, industry bodies said Thursday. The Fit sold 26,235 units, up 181.5 percent from a year ...
Japan’s economic stimulus package to ease the potential negative impact of next April’s sales tax hike will be worth around ¥18.6 trillion, with fresh central government spending totaling ¥5.5 trillion.
Initial public offerings in 2013 are on track to grow some 20 percent from the previous year amid a buoyant stock market thanks partly to Prime Minister Shinzo Abe’s economic policies. The number of newly listed companies is likely to rise to 58, exceeding ...
The ruling bloc agrees to end the special corporate tax surcharge levied to finance the reconstruction of the disaster-hit Tohoku region one year early but will keep the levy added to personal income taxes for 25 years.
Capital spending by Japanese firms rose for the second straight quarter in the July-September period, as the weaker yen helped bolster corporate profits, prodding companies to beef up investment, the government said Monday. Business investment by all nonfinancial sectors for purposes such as building ...
British Prime Minister David Cameron emphasized trade on Monday in his first visit to China since incurring Beijing’s wrath for meeting the Dalai Lama. Cameron arrived in the world’s second-biggest economy with “the largest British trade mission ever to go to China” in tow, ...
