Business Topics

Jun 18, 2015

State still on track to miss fiscal 2020 reform goal

The government is still on track to miss a key fiscal rehabilitation goal in fiscal 2020, government sources said Wednesday. The sources said the government is set to leave its projection for missing the goal unchanged in its upcoming medium- to long-term fiscal estimate. ...

Yellen signals Fed rate hike this year but mum on timing

Jun 18, 2015

Yellen signals Fed rate hike this year but mum on timing

The U.S. central bank indicated Wednesday it is likely to raise the ultralow interest rates later this year although its policy-setting panel gave no new words regarding exactly when it could take place. “Clearly most participants are anticipating that a rate increase this year ...

Trade deficit shrank 76.5% in May compared with year earlier

Jun 17, 2015

Trade deficit shrank 76.5% in May compared with year earlier

The trade deficit shrank 76.5 percent in May from a year earlier to ¥216.0 billion as declining crude oil prices continued to push down imports, the government said Wednesday. But the trade balance remained in the red for the second consecutive month, due partly ...

Jun 16, 2015

Japan to boost regulatory control over auto parts makers

An Upper House committee has approved a law revision to enable the transport ministry to demand defect reports directly from auto parts manufacturers when automakers issue recalls. The bill to revise the Road Transportation Vehicle Act was approved at a meeting of the Upper ...

Jun 14, 2015

Asia-Pacific negotiators end talks without free trade goal

Negotiators from 16 Asia-Pacific countries ended their eighth round of talks to promote a deal that would free up their trade early Sunday, falling short of setting any ambitious goal of eliminating tariffs. The working-level meeting, which began last Monday in Kyoto, involving the ...

Obama's quest for fast-track trade bill on hold in U.S. House

Jun 13, 2015

Obama's quest for fast-track trade bill on hold in U.S. House

A raging battle over President Barack Obama’s request for fast-track authority, seen as central to improving U.S. ties with Asia, will resume in the House of Representatives in the coming week, when lawmakers are expected to try to reverse Friday’s defeat of linchpin trade ...

Jun 12, 2015

Industrial output revised upward to 1.2% rise in April

Industrial output rose a seasonally adjusted 1.2 percent in April from the previous month, revised upward from a preliminary 1.0 percent growth, the Ministry of Economy, Trade and Industry said Friday. The index of output at factories and mines stood at 99.3 against the ...

Pricy beef bowls show how to beat deflation

Jun 12, 2015

Pricy beef bowls show how to beat deflation

by Keiko Ujikane and Monami Yui

Restaurants, food producers and retailers are among a small but growing number of companies doing what few managed for long during Japan’s lost decades: raising prices. From beef bowl chain Matsuya Foods Co. to supermarket and convenience store operator Seven & I Holdings Co., ...

Jun 12, 2015

New growth strategy contains wide-ranging promises

The government’s proposed new growth strategy contains promises of everything from robotic transportation to making it easier for companies to fire their staff. Unveiled Thursday, the text is now subject to Cabinet approval. It includes the promotion of cutting-edge robotics technology as one solution ...