Business Topics

Jan 12, 2015

Economy will grow 1.5% in 2015 as oil prices dive: Amari

The economy will grow 1.5 percent in real terms in fiscal 2015, with the downturn in crude oil prices expected to bolster corporate profits and the latest stimulus package standing by to prop up domestic demand, the Abe administration projected Monday. In nominal terms, ...

Jan 10, 2015

Cabinet rubber stamps ¥3.12 trillion extra budget

Prime Minister Shinzo Abe’s Cabinet endorsed on Friday a ¥3.12 trillion extra budget aimed at reviving domestic demand stunned by the April 1 consumption tax hike and weaker yen. To shore up flagging private spending, the stimulus package includes ¥1.19 trillion to provide subsidies ...

Jan 9, 2015

Economy likely to log 0.5% contraction in real terms

In a reversal, the government now expects the economy to shrink around 0.5 percent in real terms for fiscal 2014, downgrading its July forecast of 1.2 percent growth, sources said Friday. If Japan worsens as projected, its inflation-adjusted gross domestic product will shrink for ...

Jan 9, 2015

¥7 trillion boost for Japan expected from cheaper oil: Amari

The global plunge in oil prices could translate into annual economic gains of ¥7 trillion, Economic and Fiscal Policy Minister Akira Amari said Friday. “Oil prices are now less than half what they were at their peak. That stops money outflows and will likely ...

Jan 9, 2015

U.S. jobless claims dip; 2014 layoffs lowest in 17 years

The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined sharply in December, suggesting the labor market is tightening. Thursday’s reports support views of faster growth this year, driven by consumer spending, despite a faltering global economy. ...

Jan 8, 2015

Fed looks past a world in turmoil, confident in U.S. recovery

U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay. New trade data released on Wednesday ...

Tax revenues seen shrinking primary balance to ¥14 trillion

Jan 6, 2015

Tax revenues seen shrinking primary balance to ¥14 trillion

On the back of growth in tax revenue amid improvement in corporate profits, the deficit in Japan’s primary balance is expected to shrink to around ¥14 trillion in fiscal 2015 starting April 1, according to Finance Ministry sources. A fall in the deficit suggests ...

Jan 6, 2015

Kansai-area businesses want maglev to reach Osaka sooner

A leading Kansai business lobby will soon unveil a proposed reworking of the upcoming magnetically levitated railway, leader Shosuke Mori said in a recent interview. The current maglev plan takes a two-stage approach. The section between Tokyo and Nagoya is expected to open in ...

TPP success key to clinching other free trade deals

Jan 6, 2015

TPP success key to clinching other free trade deals

Although Prime Minister Shinzo Abe wants to clinch large-scale free trade agreements with a range of countries to help spur economic growth, negotiations have stalled over the extent of trade liberalization those countries expect. Abe hopes to leverage anticipated progress in talks on the ...

Jan 6, 2015

GPIF seeks fund managers to meet new investment targets

The Government Pension Investment Fund may use a private seminar next month to inform potential job applicants as part of its efforts to recruit professional money managers to the world’s largest investor of retirement savings. Yasuhiro Yonezawa, chairman of the investment committee at the ...