Business Topics

Offers-seekers ratio at highest since '92

Jun 27, 2014

Offers-seekers ratio at highest since '92

Nationwide job availability improved in May to the best in about 22 years as the unemployment rate fell to 3.5 percent, the lowest in more than 16 years, the government said Friday. As companies became more willing to hire workers amid an uptick in ...

Jun 27, 2014

Tax small firms more to offset corporate rate cut, panel says

The Tax Commission says small and midsize firms should pay more taxes to offset the loss in revenue from Prime Minister Shinzo Abe’s promised corporate tax cut, it said in its reform plan Friday. Analysts said that will no doubt draw fire for giving ...

Prices climb most in 32 years as wages limp along

Jun 27, 2014

Prices climb most in 32 years as wages limp along

Consumer prices climbed in May at their fastest pace in 32 years, swelled by the hike in the consumption tax and higher utility charges that are squeezing Japanese budgets as wage gains remain limited. Consumer prices excluding fresh food but not energy, rose 3.4 ...

Threat of housing bubble tempts Britain to act

Jun 26, 2014

Threat of housing bubble tempts Britain to act

Is Britain’s economy heading for bubble trouble? Concerns are mounting that the country’s housing market is overinflated, with London house prices rising almost 19 percent in the year to April. Bank of England Gov. Mark Carney has described the situation as the greatest risk ...

Corporate tax cut no 'magic wand,' warns ministry adviser

Jun 26, 2014

Corporate tax cut no 'magic wand,' warns ministry adviser

The plan to cut the corporate tax won’t be “a magic wand,” warns Hiroshi Yoshikawa, a key adviser to the finance minister. The Abe administration on Tuesday adopted new economic and fiscal policy guidelines that call for, among other things, lowering Japan’s effective corporate ...

Jun 25, 2014

Watchdog sees cloud computing curbing unlicensed software use

The rising use of cloud computing will help curtail unlicensed software use, a piracy watchdog said. Japan remains one of the countries with the lowest rate of unlicensed software use, at 19 percent last year, the Business Software Alliance, an industry lobby group, said ...

Jun 22, 2014

BOJ 'tankan' to show downturn in biz sentiment

Private think tanks expect the Bank of Japan’s “tankan” quarterly survey to June will show a deterioration in business sentiment among large manufacturers for the first time in six quarters. Among 16 think tanks, the average estimate on the headline diffusion index for large ...

Obama pushes for TPP deal by November

Jun 21, 2014

Obama pushes for TPP deal by November

U.S. President Barack Obama said Friday he hopes to have an agreement on framing a vast pan-Pacific trading block by the time he makes his next visit to Asia in November. The Trans-Pacific Partnership would encompass 40 percent of the global economy and include ...

Jun 20, 2014

Methane hydrate deposits probable in Sea of Japan

The government said Friday it is highly likely that deposits of methane hydrate, a next-generation energy source, exist in the seabed of the Sea of Japan off the northern and western parts of the country. The government’s survey from April found geological structures suggesting ...

Jun 20, 2014

Rebates to promote fuel cell cars likely in 2015, METI says

The Ministry of Economy, Trade and Industry plans to offer subsidies to drivers who purchase fuel cell vehicles from fiscal 2015. The rebates are part of a road map adopted Thursday to bring hydrogen into common use as an energy source toward 2040. The ...