Business Topics

China advises companies to take 'precautions' over Brexit

Feb 7, 2017

China advises companies to take 'precautions' over Brexit

Chinese companies operating in Britain, especially in the financial sector or whose European headquarters are in Britain, need to take “precautions” due to uncertainly over Brexit, China’s ambassador to London said. Before Britain’s vote to exit the European Union in June last year, China ...

Japan's 0.5% wage increase last year the biggest since 2010

Feb 6, 2017

Japan's 0.5% wage increase last year the biggest since 2010

The wallets of Japan’s workers ended up a bit fatter last year, with total earnings rising the most since 2010. Total pay rose 0.5 percent from the previous year to an average ¥3.78 million ($33,673), while the number of hours worked dropped. Regular workers ...

Trump launches his attack on restraints on banks

Feb 4, 2017

Trump launches his attack on restraints on banks

President Donald Trump launched his long-promised attack Friday on banking rules that were rushed into law after the 2008 economic crisis, signing orders after meeting with business and investment chiefs and pledging further action to free big banks from restrictions. Wall Street cheered him ...

Feb 1, 2017

Keidanren seeks higher pay on annual basis

Japanese companies should consider ways to raise employee pay on an annual basis in this year’s shunto spring labor-management wage talks, Yasumi Kudo, vice chairman of the Japan Business Federation, or Keidanren, said. “It’s natural for companies with strong earnings to conduct wage hikes, ...

Jan 31, 2017

Diet enacts extra budget for disaster relief and defense

The Diet has enacted an extra budget worth ¥622.5 billion for fiscal 2016 through March to provide disaster relief and increase defense spending. The third supplementary budget for the current fiscal year includes ¥195.5 billion for areas hit by powerful typhoons and earthquakes in ...

BOJ lifts growth forecasts but warns of 'uncertainty'

Jan 31, 2017

BOJ lifts growth forecasts but warns of 'uncertainty'

The Bank of Japan hiked its economic growth forecasts on Tuesday, citing an improved global outlook and a weaker yen, but the country’s finance chief warned of “uncertainty” caused by the arrival of Donald Trump in the White House. After its first meeting of ...

Jan 31, 2017

Industrial output up 0.5 % in December on solid auto production

Industrial output rose 0.5 percent in December from November, lifted by robust production growth in transport equipment, government data showed Tuesday amid hopes for continued recovery. The government maintained its basic assessment, saying industrial production shows signs of improving. The index of output at ...

Jan 28, 2017

U.S. economic momentum faces wild card in Trump trade policy

The U.S. economy entered 2017 with a solid head of steam, driven by consumer spending and a pickup in business investment. President Donald Trump could add to that momentum — or kill it, if trade tensions keep flaring. Fourth-quarter figures released Friday showed how ...

Japan's CPI falls 0.3% in 2016 in first fall in four years

Jan 27, 2017

Japan's CPI falls 0.3% in 2016 in first fall in four years

Japan on Friday logged its first annual consumer price decline in four years, underscoring the challenges facing Tokyo’s fight to rid the world’s No. 3 economy of deflation. Government data showed prices dropped 0.3 percent in 2016 from a year earlier, as weak household ...