Business Topics

Household spending drops for ninth consecutive month

Dec 27, 2016

Household spending drops for ninth consecutive month

The nation’s household spending declined for the ninth consecutive month in November, the government said Tuesday, reflecting consumers’ continuing preference to save money rather than spend. The government also said the unemployment rate remained low at 3.1 percent in November despite a 0.1 point ...

Department store sales fell 2.4% in November

Dec 20, 2016

Department store sales fell 2.4% in November

Sales at department stores across Japan dropped 2.4 percent in November from a year earlier on a same-store basis, down for the ninth consecutive month. Overall sales at 234 outlets run by 81 companies stood at ¥525.7 billion, the Japan Department Stores Association said ...

Bank of Japan caps tumultuous year with upgrade to outlook

Dec 20, 2016

Bank of Japan caps tumultuous year with upgrade to outlook

The Bank of Japan closed a tumultuous year for monetary policy with an upgrade to its assessment of the economy while keeping its yield-curve and asset-purchase programs unchanged. After the board’s first policy meeting since the election of Donald Trump, the BOJ forecast a ...

Japan logged ¥152.51 billion trade surplus in November

Dec 19, 2016

Japan logged ¥152.51 billion trade surplus in November

Japan posted a goods trade surplus of ¥152.51 billion ($1.30 billion) in November after imports fell more than exports on cheaper crude oil prices and the yen’s strength, the government said in a preliminary report Monday. A breakdown of the third consecutive monthly surplus ...

Poverty turns Seoul seniors into subway couriers

| Dec 17, 2016

Poverty turns Seoul seniors into subway couriers

Cho Yong-moon, 75, spends nine hours a day, five days a week using his free pass on the Seoul subway to shuttle parcels among clothing and jewelry stores. With pension payments falling short of living costs for many of the elderly, he is among ...

BOJ may upgrade economic assessment on heels of Fed rate hike

Dec 16, 2016

BOJ may upgrade economic assessment on heels of Fed rate hike

The Bank of Japan is considering upgrading its assessment of the nation’s economy at its monetary policy meeting next week on the back of a global economic recovery, according to sources. The BOJ may revise up its assessment as the country’s exports and production ...