Business Topics

Department store sales fell 2.4% in November

Dec 20, 2016

Department store sales fell 2.4% in November

Sales at department stores across Japan dropped 2.4 percent in November from a year earlier on a same-store basis, down for the ninth consecutive month. Overall sales at 234 outlets run by 81 companies stood at ¥525.7 billion, the Japan Department Stores Association said ...

Bank of Japan caps tumultuous year with upgrade to outlook

Dec 20, 2016

Bank of Japan caps tumultuous year with upgrade to outlook

The Bank of Japan closed a tumultuous year for monetary policy with an upgrade to its assessment of the economy while keeping its yield-curve and asset-purchase programs unchanged. After the board’s first policy meeting since the election of Donald Trump, the BOJ forecast a ...

Japan logged ¥152.51 billion trade surplus in November

Dec 19, 2016

Japan logged ¥152.51 billion trade surplus in November

Japan posted a goods trade surplus of ¥152.51 billion ($1.30 billion) in November after imports fell more than exports on cheaper crude oil prices and the yen’s strength, the government said in a preliminary report Monday. A breakdown of the third consecutive monthly surplus ...

Poverty turns Seoul seniors into subway couriers

| Dec 17, 2016

Poverty turns Seoul seniors into subway couriers

Cho Yong-moon, 75, spends nine hours a day, five days a week using his free pass on the Seoul subway to shuttle parcels among clothing and jewelry stores. With pension payments falling short of living costs for many of the elderly, he is among ...