Business Topics

Sep 3, 2014

Japan rises to sixth in WEF competitiveness rankings

Japan rose to sixth from ninth in the World Economic Forum’s annual assessment of global competitiveness, the WEF said Wednesday. The ranking compares 144 nations. In its Global Competitiveness Report, the Geneva-based think tank praised the stability of the government of Prime Minister Shinzo ...

Sep 2, 2014

Obama: 'Revving' economy calls for higher wages

President Barack Obama renewed his push for Congress to raise the U.S. minimum wage Monday in a buoyant accounting of the economy’s “revving” performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections. “America deserves a raise,” he told ...

April-June business investment up 3% despite tax hike

Sep 1, 2014

April-June business investment up 3% despite tax hike

Capital spending by nonfinancial Japanese companies rose 3.0 percent in the April-June period from a year earlier, indicating that the first consumption tax hike in 17 years has not significantly affected corporate investment, the government said Monday. Business investment by all nonfinancial sectors for ...

Sep 1, 2014

Auto sales fall to lowest in three years on sales tax hike

Auto sales tumbled to a three-year low last month, the latest sign that consumer spending is slumping following the April 1 consumption tax increase. Vehicle deliveries fell 9.1 percent from a year earlier to 333,471, the lowest since August 2011, according to industry figures ...

Aug 29, 2014

Japan, U.S. trade chief might hold TPP powwow in September: Amari

Tokyo and Washington could hold a ministerial meeting in September to reach agreement on contentious bilateral issues related to the Trans-Pacific Partnership, the minister in charge of the trade initiative said Friday. Akira Amari said he thinks there is a possibility he will meet ...

Jobless rate rises to 3.8% on July surge in job-seekers

Aug 29, 2014

Jobless rate rises to 3.8% on July surge in job-seekers

The unemployment rate rose to 3.8 percent in July from 3.7 percent in June as more people began looking for jobs to tap an apparent upturn in the economy, the government said Friday. The unemployment rate for women rose 0.2 point from June to ...

Aug 28, 2014

Additional sales tax hike difficult decision for Abe: adviser

Japan’s additional consumption tax hike planned for next year is a hard decision for Prime Minister Shinzo Abe to make, given a slowdown in the nation’s economic recovery, one of his advisers said Wednesday. Etsuro Honda, a special adviser on economic affairs, also indicated ...

Aug 26, 2014

Trust banks reinforce services ahead of inheritance tax hike

Major trust banks are reinforcing inheritance-related services, anticipating that more people will transfer assets to their descendants ahead of a planned inheritance tax hike in January. The banks aim to attract customers from three generations, emphasizing testamentary trusts, property divisions and trusts for money ...