Business Topics

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 ...

Jan 17, 2015

Japan, U.S. target reaching broad TPP agreement at March meet

Japan and the United States have agreed that 12 countries discussing a Trans-Pacific Partnership free trade deal should hold a ministerial meeting in the first half of March to reach a broad agreement, informed sources said on Friday. Officials from Japan and the United ...

Jan 16, 2015

IMF chief warns of Japan, eurozone slowdowns, terror risks

International Monetary Fund Managing Director Christine Lagarde warned Thursday of an economic slowdown in Japan and the eurozone and increased geopolitical risks to the global economy linked to the recent terrorism incidents in Paris. “Despite the boost from (cheaper) oil prices and despite stronger ...

Jan 15, 2015

Wholesale prices rose for second consecutive year in 2014

Wholesale prices grew for the second straight year in 2014 on higher energy and raw material costs, but the pace slowed significantly in December amid the sharp fall in crude oil prices, the Bank of Japan said Thursday in a preliminary report. The central ...

Machinery orders logged weak 1.3% gain in November

Jan 15, 2015

Machinery orders logged weak 1.3% gain in November

Core machinery orders edged up 1.3 percent from a month earlier to ¥788.0 billion in November, the government said Thursday, a weak figure that suggests companies are reluctant to boost investment as the yen sinks and import costs rise, and one that caused it ...

Cabinet OKs record budget for 2015

Jan 14, 2015

Cabinet OKs record budget for 2015

The draft ¥96.34 trillion general account budget aims to balance Prime Minister Shinzo Abe’s twin goals of fiscal rehabilitation and economic growth for the coming fiscal year.