Business Topics

Nov 16, 2016

BOJ inflation goal still too optimistic: ex-executive

The Bank of Japan is still too optimistic about the time needed to achieve its 2 percent inflation target, given the country’s entrenched deflationary mindset, a former BOJ executive director said. Any lack of progress toward that goal, though, is unlikely to trigger additional ...

Nov 15, 2016

Abe warns TPP impasse would shift focus to China-inclusive trade pact

Prime Minister Shinzo Abe said Tuesday that roadblocks to implementation of the U.S.-led Trans-Pacific Partnership (TPP) could shift attention to another envisioned regional free trade pact that includes China, but not the United States. “There’s no doubt that there would be a pivot to ...

Nov 15, 2016

Abe ponders whether to follow Trump's lead on fiscal stimulus

While Donald Trump is set to inject a dose of fiscal medicine into the world’s biggest economy, any move by Shinzo Abe to further strengthen Japan’s fiscal stimulus program faces the challenge of disappointing tax receipts and a record debt burden. The government already ...

Nov 15, 2016

Government panel calls for review of spousal tax break

A government advisory panel has recommended reviewing the spousal tax break, while stopping short of presenting any specific proposals. It is “appropriate” to review the tax break, the Tax Commission said in a report released Monday. Under the current system, ¥380,000 can be deducted ...

Kuroda turns cautiously optimistic about inflation target

Nov 14, 2016

Kuroda turns cautiously optimistic about inflation target

Bank of Japan Gov. Haruhiko Kuroda expressed confidence Monday that the 2 percent inflation target will be achieved around fiscal 2018, saying a pickup in oil prices and possible wage growth could help push up prices. Kuroda, however, also warned there are downside risks ...

Majority of Japanese believe nation's economy is tanking: poll

Nov 13, 2016

Majority of Japanese believe nation's economy is tanking: poll

A majority of Japanese think the country’s economy is worsening due to slumping consumer spending and stagnant wage increases, according to results of a nationwide poll published Sunday by local newspapers. In the survey conducted Nov. 5 and 6, 58 percent said they think ...

Kerry hopes to revive TPP trade deal

Nov 13, 2016

Kerry hopes to revive TPP trade deal

U.S. Secretary of State John Kerry refused to call last rites on the Trans-Pacific Partnership (TPP) Sunday, expressing hope President-elect Donald Trump will drop his opposition to the contentious free trade deal. The 12-nation TPP became a hot-button issue during the U.S. election campaign, ...

Nov 12, 2016

Obama administration suspends TPP approval bid

U.S. President Barack Obama’s administration has suspended its efforts to win congressional approval for the Trans-Pacific Partnership before President-elect Donald Trump takes office, saying Friday that the fate of the free trade pact was up to Trump and Republican lawmakers. Administration officials also said ...