Business Topics

Jun 9, 2015

Japan manufacturers lagging in use of IT, report says

Japan’s manufacturing sector is lagging behind other countries in utilizing information technology, according to an annual government report that called for improvements. The report, released Tuesday, also urged the industry, which accounts for some 20 percent of the country’s gross domestic product, to take ...

GDP revised to annualized 3.9% on surge in capital spending

Jun 8, 2015

GDP revised to annualized 3.9% on surge in capital spending

The economy grew much faster than estimated in the first quarter, bolstering views that Japan is recovering from the first stage of the consumption tax hike last year that caused a brief recession, the government said Monday. In a revision, the Cabinet Office said ...

Jun 8, 2015

Current account logs surplus for 10th month straight

Japan posted a current account surplus for the 10th consecutive month in April, as declining crude oil prices pushed down imports and the weaker yen boosted income from abroad. The surplus stood at ¥1.326 trillion ($10.56 billion), the largest in five years for the ...

Obama's trade quest in Congress trails him to German G-7 summit

Jun 8, 2015

Obama's trade quest in Congress trails him to German G-7 summit

U.S. President Barack Obama’s politically fraught trade quest in Washington trailed him across the Atlantic on Sunday, as he met with world leaders anxiously watching a debate on Capitol Hill that could impact the status of economic pacts with the Asia-Pacific region and with ...

Malaysian jungle graves add to Obama's TPP headache in Congress

Jun 6, 2015

Malaysian jungle graves add to Obama's TPP headache in Congress

The discovery of scores of graves in people-smuggling camps in Malaysia is casting a shadow over President Barack Obama’s signature trade deal as U.S. lawmakers consider punishing trading partners that are soft on human trafficking. Just as Obama’s drive to win fast-track trade negotiating ...

U.S. adds solid 280,000 jobs; unemployment rate rises to 5.5%

Jun 5, 2015

U.S. adds solid 280,000 jobs; unemployment rate rises to 5.5%

U.S. employers added a robust 280,000 jobs in May, showing that the economy has regained momentum after starting 2015 in a deep slump. The unemployment rate ticked up to 5.5 percent from 5.4 percent in April, the government said Friday. But that occurred for ...

Jun 3, 2015

OECD cuts global economic outlook amid subdued investment

The Organisation for Economic Co-operation and Development on Wednesday slashed its economic outlook for the global economy, citing subdued investment amid doubts over the prospects for stronger growth. It also downgraded expectations for GDP growth in Japan. The OECD now expects the world economy ...

Jun 1, 2015

Fiscal council tells Aso to tame spending

An advisory panel to Finance Minister Taro Aso warned in a report Monday that a proposed government fiscal reform plan that relies excessively on a revenue increase derived from economic growth is “too optimistic.” The panel called on the government to improve fiscal health ...

Jun 1, 2015

Capital investment surges 7.3% in first quarter

by Mie Sakamoto

Capital spending in the January-March quarter rose 7.3 percent on year, chalking up an eighth consecutive expansion as the economy continues to recover, the government said Monday. Business investment by all nonfinancial sectors for such purposes as building plants and installing new equipment totaled ...