Business Topics

Jun 28, 2016

Tax revenue falls short of government estimate

Tax revenue collected by the central government in fiscal 2015 totaled around ¥56.28 trillion, government sources said, falling short of estimates as corporate tax revenue was reduced by the effects of a firming yen. For the past year to March 31, corporate tax revenue ...

Japan considers further help for small businesses hit by Brexit

Jun 28, 2016

Japan considers further help for small businesses hit by Brexit

Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain’s shock vote to leave the European Union, Economy Minister Nobuteru Ishihara said on Tuesday. Policymakers also said financial markets are starting to calm down after ...

British bracing for world economy to punish U.K. for Brexit

Jun 26, 2016

British bracing for world economy to punish U.K. for Brexit

The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they’ll find out whether it will. U.K. financial leaders are scrambling to reassure households, businesses and investors that they can contain the doom and ...

Jun 25, 2016

China-led development bank approves first loans

A new Chinese-led development bank has approved its first loans and expects to suffer no impact from Britain’s vote to leave the European Union, the bank’s president said Saturday at its first annual meeting. The Asian Infrastructure Investment Bank, launched in January with 57 ...

Democrats reject platform proposal opposing TPP trade deal

Jun 25, 2016

Democrats reject platform proposal opposing TPP trade deal

Democrats on Friday voted down an amendment to the party’s platform that would have opposed the Trans-Pacific Partnership trade deal, avoiding an awkward scenario that would have put its statement of values at odds with President Barack Obama. Members of a Democratic National Convention ...