Business Topics

Aug 8, 2014

Japan logs largest six-month current account deficit ever

Japan logged a current account deficit of ¥507.5 billion in the first half, the biggest for any six-month period on record, government data showed Friday, underscoring its diminishing ability to earn money abroad. It was also the first time since officials started compiling comparable ...

BOJ warns of weak exports but holds steady on policy

Aug 8, 2014

BOJ warns of weak exports but holds steady on policy

The Bank of Japan kept monetary policy steady Friday, noting that the economy is recovering but warning of recent weakness in Japanese exports and production. The BOJ decided to continue making massive asset purchases from banks to expand the nation’s monetary base by ¥60 ...

Aug 7, 2014

65% of university grads in full-time jobs, ministry says

Nearly 66 percent of all university students who graduated in spring had found full-time jobs as of May 1, the education ministry said in a report released Thursday. In addition, truancy climbed at elementary and junior high schools while elementary and junior high schools ...

Aug 7, 2014

BOJ board meets amid concerns about exports, production

The Bank of Japan began its two-day policy meeting Thursday amid expectations that the central bank will keep monetary policy steady while examining downside risks to the economy, including weak exports and industrial output. The BOJ Policy Board is widely expected to vote Friday ...

Aug 6, 2014

Major firms to boost capital spending in Japan by 15% this year

Major firms plan to boost capital spending at home by 15.1 percent this business year, according to a recent survey. Domestic corporate capital expenditure is set to expand for the third straight year and outpace the fiscal 2013 growth of 3.0 percent, reflecting expectations ...

GPIF needs governance fix before asset change, LDP exec says

Aug 6, 2014

GPIF needs governance fix before asset change, LDP exec says

As the world’s biggest pension manager moves closer to putting more money in risky assets, the Liberal Democratic Party’s deputy policy chief says the fund needs to change its governance first. The Abe administration should submit a bill during the next Diet session to ...

Japan, U.S. take 'step forward' in beef, pork tariffs talks

Aug 6, 2014

Japan, U.S. take 'step forward' in beef, pork tariffs talks

Japan and the United States have taken a “step forward” in negotiations over Tokyo’s proposal to maintain tariffs on beef and pork under the Trans-Pacific Partnership, but severe hurdles remain, a Japanese trade official said. Both governments will continue trying to strike a deal, ...

Aug 5, 2014

Japan to end retaliatory tax on U.S. over Byrd Amendment

The Finance Ministry said Tuesday it will end a retaliatory tax imposed on U.S. products in response to that country’s Byrd Amendment. Under the amendment, the United States distributes revenue derived from antidumping duties collected from foreign companies to domestic producers. The retaliatory tax ...

Aug 5, 2014

Tax deductions for 'hometown donations' to be simplified

The Abe administration plans to simplify procedures for income and residential tax deductions for donations to municipalities of the taxpayer’s choice, Chief Cabinet Secretary Yoshihide Suga said. “We (want to) simplify the procedures as we hear people say the procedures are difficult,” Suga said ...