Business Topics

Local governments upgrading gifts to collect tax donations

Sep 18, 2014

Local governments upgrading gifts to collect tax donations

Local governments are upgrading the goods and services they provide to people who make contributions to them under the “hometown tax” system. The system allows people to donate money to local governments of their choice, such as their hometowns. Donors get deductions in resident ...

Sep 17, 2014

Government-labor-management talks to resume, possibly in October

The government will resume its three-way talks with labor and management representatives as early as next month, Prime Minister Shinzo Abe said. “Everyone needs to share the view that a virtuous economic circle will be maintained with employee pay raised on better corporate earnings,” ...

Sep 17, 2014

Government to lower economic assessment

The government is considering lowering its assessment of the economy in the monthly report for September, it was learned Wednesday. This would mark the first downgrade since April, when the economy was hit by a pullback in demand after the April 1 consumption tax ...

Sep 17, 2014

Japan, China, S. Korea finance chiefs to meet Friday

Finance ministers and central bank governors from Japan, China and South Korea will hold their first meeting in 28 months on Friday. The gathering had been held every May before 2013. That year the meeting was skipped due to Japan-China tensions over the Senkaku ...

Sep 17, 2014

Survey finds skepticism about global trade's benefits

Japanese, Americans and many Europeans aren’t sold on the benefits of trade. They doubt that global economic ties create jobs or raise wages, an international survey conducted by the Pew Research Center shows. But people in China and other low- and middle-income countries are ...

Sep 15, 2014

OECD cuts growth outlook for G-7, worried about eurozone

The OECD on Monday cut its economic outlook for the Group of Seven nations in 2014, including Japan, while expecting a moderate expansion to continue in most of the major economies. In its interim economic assessment report, the Paris-based organization also said the “most ...

Canada ratifies China deal that may help smooth relations

Sep 13, 2014

Canada ratifies China deal that may help smooth relations

Canada has finally ratified a foreign investment protection agreement with China after a two-year delay, a step that may help ease tensions between the two countries and smooth the way for a possible visit to China by Prime Minister Stephen Harper. International Trade Minister ...

Sep 11, 2014

BOJ adviser Kawai urges Abe to proceed with second tax hike

The Abe administration should proceed with the next consumption tax hike as planned to signal it is serious about reining in the world’s biggest debt burden, an adviser to Bank of Japan Gov. Haruhiko Kuroda said. Annualized growth of 2.5 percent or more this ...