Business Topics

Oct 6, 2014

Japan-U.S. accord still seen as key to TPP deal

An agreement between Japan and the United States is still a key element before the envisioned Trans-Pacific Partnership can become a reality, according to informed sources. Ministers from 12 TPP negotiation member states, including Japan and the United States, will gather for three days ...

Oct 6, 2014

Abe to start hearing from experts in mid-November on tax hike

The Abe administration will call for opinions from experts on the economy in mid-November before deciding whether to raise the consumption tax rate to 10 percent in October 2015 as planned, Chief Cabinet Secretary Yoshihide Suga said Monday. “We will start hearing from experts ...

Bad weather may have slashed economic growth in July-September

Oct 2, 2014

Bad weather may have slashed economic growth in July-September

Bad weather this summer, including successive typhoons, may have pushed economic growth down by 0.8 percentage point to 2.4 points in annualized real terms in the July-September quarter, the government said. The estimate, presented Wednesday by the Cabinet Office to a meeting of the ...

Companies maintain forecast for sustained inflation

Oct 2, 2014

Companies maintain forecast for sustained inflation

Companies are forecasting sustained price gains over the next five years, signaling progress in reflating the economy, albeit below the Bank of Japan’s target. Firms expect annual inflation of 1.5 percent in a year, unchanged from their projections three months ago, the BOJ said ...

'Tankan' finds improvement in manufacturers' confidence

Oct 1, 2014

'Tankan' finds improvement in manufacturers' confidence

Confidence in the manufacturing sector has risen against expectations, showing resilience in the economy — and perhaps bolstering the case for Prime Minister Shinzo Abe hiking the consumption tax again next year. The “tankan” index of large manufacturers rose to 13 in September from ...

Oct 1, 2014

U.S. consumer confidence slid in September

U.S. consumer confidence deteriorated in September after hitting the highest level in nearly seven years in August. But economists said the fall appears to be a temporary slip that shouldn’t dampen consumer spending in the coming months. The Conference Board reported Tuesday that its ...

Output unexpectedly falls as retail sales gain

Sep 30, 2014

Output unexpectedly falls as retail sales gain

Japan’s output unexpectedly fell while stronger retail sales and an improving job market showed resilience, government statistics showed Tuesday as Prime Minister Shinzo Abe weighs another consumption tax increase. Industrial production declined 1.5 percent in August from July, compared with the median estimate of ...

Sep 26, 2014

Consumer inflation rose slower than projected in August

Consumer inflation slowed further in August, official data showed Friday, stoking concerns about the government’s war on deflation. Core consumer inflation, stripping out volatile fresh food prices, was 3.1 percent year on year, the internal affairs ministry reported. That was below markets’ median forecast ...