Many major firms notified their labor unions Wednesday that they will raise pay scales to conclude this year’s spring wage negotiations, responding to strong calls from the administration of Prime Minister Shinzo Abe to help end long-standing deflation. Toyota Motor Corp., which has huge influence over other companies, will raise ...
While critics of “Abenomics” begrudgingly agree Prime Minister Shinzo Abe’s policy package has been a success so far, they are ...
Prime Minister Shinzo Abe will face a tough decision at the end of the year on whether to implement a ...
A few of the Bank of Japan’s policymakers said future economic developments will depend on whether exports and capital investment can offset the decline in consumption expected after the sales tax is hiked on April 1, the minutes of their February policy meeting showed ...
Core private-sector machinery orders surged by a seasonally adjusted 13.4 percent in January, the second-fastest pace on record, signaling that an economic rebound has prodded companies to boost investment, the government said Thursday. The orders, excluding those for ships and from utilities because of ...
A maglev line through Kyoto on the way to Osaka would have about twice the economic effect as the currently planned course through Nara, according to an estimate by the city of Kyoto.
The government is aiming to reduce patent examinations from the current average length of nearly 2½ years to about 14 months, which would be the shortest period in the world, by fiscal 2023. The move, announced Tuesday, is part of an initiative to make ...
Economic growth is gaining momentum in the United States, Europe and other advanced countries despite temporary setbacks, the OECD said Tuesday. Smaller government spending cuts and fewer tax increases this year should boost growth in most developed countries, according to the international organization. Households ...
The level of market access proposed by Japan does not meet the standards of the proposed Trans-Pacific Partnership, James Fatheree, president of the U.S.-Japan Business Council, said recently. “It is clear that Japan has more work to do in order to meet the expectations,” ...
A government tax panel called Wednesday for a corporate tax cut in an attempt to boost foreign investment despite budgetary constraints, according to a statement presented by its chief, Hiroko Ota. Ota, a former finance minister who heads the panel, which has been newly ...
The clumsy bear mascot for a remote Kyushu farming region has rocketed to superstar fame and has notched up an unlikely marketing triumph in a nation obsessed with all things cute. The life-sized Kumamon and his now nationally ubiquitous image — red cheeks and ...
Forty-nine of 100 major firms are considering hiring more female graduates in spring 2015 than the levels planned for this year, according to a Jiji Press survey. The potential boost is likely the result of the efforts of Prime Minister Shinzo Abe, who has ...
The Bank of Japan said Tuesday it will maintain its ultraeasy monetary policy and keep unchanged its assessment of the economy for the sixth consecutive month, saying it has “continued to recover moderately” based on the judgment that deflation is disappearing. After a two-day ...
Corporate bankruptcies in February fell 14.6 percent from a year earlier to 916, the lowest for the month in 23 years, a credit research agency said Monday. The number has now posted year-on-year declines for 16th months straight as government monitoring of lending to ...
Japan posted a record current account deficit in January, marking four straight months of red ink for the first time as soaring demand for energy and the weakening of the yen triggered a surge in import costs, the Finance Ministry said Monday in a ...
