Business Topics

Austerity-battered Greeks favor radical left before vote

| Jan 24, 2015

Austerity-battered Greeks favor radical left before vote

The winds of political change are coursing through austerity-weary Greece, but a financial whirlwind may lurk round the corner. Opinion polls ahead of Sunday’s closely watched national election agree: The radical left opposition Syriza party, which has vowed to rewrite the terms of Greece’s ...

Jan 22, 2015

GPIF governance overhaul almost complete, minister says

by Bloomberg

The Government Pension Investment Fund is closing in on completing a governance overhaul, said the minister in charge of the $1.1 trillion retirement pool. A ministry pension panel formed to decide the fund’s leadership structure will make recommendations on Friday, said Health, Labor and ...

Jan 21, 2015

Keidanren to back pay-scale hikes for second straight year

The nation’s leading association of business leaders said Tuesday it will support pay-scale hikes by member companies in the upcoming annual wage talks, adopting the policy for the second straight year. But the Japan Business Federation, better known as Keidanren, showed reluctance to accept ...

Jan 20, 2015

IMF cuts global projections, citing Japan and eurozone economies

The International Monetary Fund has cut its projections for global growth from earlier forecasts in October, citing factors such as weak investment. It also revised downward expectations for major economies such as the eurozone and Japan. The semiannual World Economic Outlook by the Washington-based ...

Jan 19, 2015

Drop in November industrial output revised to 0.5%

Industrial output fell a seasonally adjusted 0.5 percent in November from the previous month, slightly less than a preliminary figure of 0.6 percent, the Ministry of Economy, Trade and Industry said on Monday. The index of output at factories and mines in the month ...

December consumer confidence up for first time in five months

Jan 19, 2015

December consumer confidence up for first time in five months

Consumer confidence improved for the first time in five months in December, the government said on Monday, suggesting Prime Minister Shinzo Abe’s decision to postpone the second stage of the consumption tax hike has eased fears about Japan’s economic outlook. The seasonally adjusted index ...

Jan 19, 2015

Electronics unions to demand ¥6,000 pay hike

Labor unions at major electronics makers are planning to demand a hike of ¥6,000 in monthly pay across the board during the upcoming “shunto” annual pay negotiations, industry sources say. It would be the highest demand since a ¥7,000 request filed in 1998. The ...