Business Topics

Jul 2, 2014

More small and midsize firms raising basic pay

Twenty-nine percent of small and medium-size enterprises have raised basic pay this business year, up from 11.4 percent last year, the government said Wednesday. The increase, though far smaller than the 44.4 percent of large companies offering better pay, indicates that wage hikes to ...

Jul 2, 2014

Japan gasoline prices up for 10th week

The average retail price of regular gasoline rose ¥1.0 from a week earlier to ¥168.4 per liter as of Monday, up for the 10th straight week, the Natural Resources and Energy Agency said Wednesday. Gasoline prices rose in 46 of the 47 prefectures. Only ...

Jul 2, 2014

Singapore eases import ban on Fukushima products

Singapore eased at the end of June its import ban on food from Fukushima Prefecture, home to Tokyo Electric Power Co.’s disaster-crippled nuclear power plant, Japan’s Agriculture, Forestry and Fisheries Ministry has said. The government of Singapore approved the restart of imports of food ...

Companies expect stable inflation to set in

Jul 2, 2014

Companies expect stable inflation to set in

Companies are forecasting sustained price gains, providing support for the Bank of Japan’s campaign to generate stable inflation. They forecast inflation of 1.5 percent per year, unchanged from three months ago, the BOJ reported Wednesday. Companies see prices rising 1.6 percent from a year ...

Business confidence sags, says Bank of Japan

Jul 1, 2014

Business confidence sags, says Bank of Japan

A 19-month rally in business confidence slowed sharply in the first quarter amid rising consumer prices spurred by the tax hike in April, the Bank of Japan said Tuesday. It was the first deterioration in six consecutive quarters. The Tankan survey for the April-June ...

Output rises 0.8% in tax hike rebound

Jun 30, 2014

Output rises 0.8% in tax hike rebound

Industrial output recovered slightly in May from an earlier decline sparked by April’s sales tax hike, stabilizing as factories produced more machinery, vehicles and electronic devices, government data showed Monday. Factory output in the world’s third-largest economy climbed 0.8 percent in May from a ...

Japan, U.S. resume bilateral TPP talks before Ottawa meeting

Jun 30, 2014

Japan, U.S. resume bilateral TPP talks before Ottawa meeting

Talks with the United States aimed at narrowing remaining differences over a Pacific free trade pact resumed Monday in Tokyo. Officials from all 12 negotiating members are gathering in Canada later this week. The two biggest economies in the Trans-Pacific Partnership framework will discuss ...

Jun 30, 2014

World Bank's Kim optimistic about Abe's 'third arrow'

World Bank President Jim Yong Kim has voiced optimism about Japan’s revamped growth strategy, the “third arrow” in Prime Minister Shinzo Abe’s three-pillar economic policy package called “Abenomics.” Abe’s commitment to tackling “rock hard regulations” related to employment, agriculture and health care is a ...