Business Topics

Nov 7, 2014

Economist Paul Krugman urges Abe to delay tax hike, aide says

Economist Paul Krugman told Prime Minister Shinzo Abe during a meeting that he was concerned a further increase in the nation’s sales tax next year could hurt the economy, according to one of Abe’s aides. Krugman, a 2008 Nobel laureate in economics, urged Abe ...

Nov 7, 2014

U.S. jobless claims, wages data point to tightening market

The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions. Thursday’s upbeat data underscored the resilience of the economy and some analysts ...

Nov 6, 2014

U.S. businesses added 230,000 jobs in October

U.S. companies added 230,000 jobs in October, a private survey said, the most in four months and a sign that businesses are still willing to hire despite signs of slowing growth overseas. Payroll processer ADP said Wednesday that the job gains were slightly ahead ...

Nov 5, 2014

Summer salary bonuses rise at fastest pace in 23 years

Average salary bonuses this summer rose 3.1 percent from a year earlier to ¥370,550, marking the fastest pace of growth in 23 years, the labor ministry said Wednesday. It was the second consecutive year of gain in summer bonuses and the largest percentage increase ...

Nov 4, 2014

Japan wants APEC to discuss services free trade next year

Japan will propose full-fledged discussions between the 21 members of the Asia-Pacific Economic Cooperation forum on relaxing a range of barriers on services in the manufacturing and environmental sectors, informed sources said. It will present the proposal to partners during upcoming APEC meetings in ...

China slowdown to bruise global economy, survey shows

Nov 3, 2014

China slowdown to bruise global economy, survey shows

China’s roaring economy for years has pulled much of the rest of the world with it, soaking up oil, iron ore and other commodities from developing countries and autos and luxury goods from Europe. But its role as a global engine is fading as ...

Oct 31, 2014

Next extra budget likely to weigh in at only ¥3 trillion

The government is considering compiling an extra budget of only ¥3 trillion for fiscal 2014 ending in March to prevent the economy from drooping further from the consumption tax hike in April, sources close to the matter said Friday. The extra budget compiled for ...