Business Topics

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 ...

Aug 2, 2014

Think tanks forecast 7.4% drop in April-June GDP

Eleven private-sector think tanks suspect the economy shrank by an annualized rate of 7.4 percent on average from April to June, in price-adjusted real terms. Japan’s real GDP is expected to drop sharply after surging 6.7 percent from January to March as consumers rushed ...

Employers added 209,000 jobs to U.S. economy in July: report

Aug 2, 2014

Employers added 209,000 jobs to U.S. economy in July: report

A sixth straight month of solid 200,000-plus U.S. job growth in July reinforced growing evidence that the economy is accelerating after five years of sluggish expansion. Employers added 209,000 jobs last month. Though that was fewer than in the previous three months, the economy ...

Jul 31, 2014

IMF's Japan report sees yen at fair value but warns on reforms

The International Monetary Fund said in a report released Thursday that the yen is currently at fair values against the other major currencies. The yen is assessed “as broadly consistent with medium-term fundamentals,” the Washington-based lender said in its annual assessment of the Japanese ...

Jul 31, 2014

Japan flirts with recession; planned tax hike in doubt

Japan could be flirting with recession after the weakest factory output since 2011, which, following a surprising fall in exports last week, could pressure the central bank to ease policy and complicate a decision on whether to raise taxes. The severe contraction in output ...

Jul 30, 2014

IMF examines risks that could lead to sharp cut in Japan's growth

The International Monetary Fund has presented a worst-case combination of risks that could shave Japan’s real gross domestic product growth by as much as 4 percentage points. The economy would contract if the country simultaneously faces sluggish wage growth, a firmer yen, stock price ...