Business Topics

Sep 9, 2015

Abe pledges 2016 corporate tax cut as investment stays sluggish

Prime Minister Shinzo Abe pledged to follow through with a corporate tax cut, a day after government data underscored businesses’ reluctance to ramp up domestic investment. In a message read out at a Bank of America Merrill Lynch event in Tokyo on Wednesday, Abe ...

Sep 8, 2015

Japan, U.S. to resume TPP auto talks Wednesday in Washington

Japan and the United States will resume bilateral talks Wednesday in Washington on auto trade issues under the Trans-Pacific Partnership free trade initiative, the Foreign Ministry said. The negotiations, to continue through Friday, will follow a ministerial meeting of all 12 TPP countries in ...

Sep 7, 2015

July composite economic index down on weak industrial output, shipments

Japan’s key composite index of economic indicators, reflecting the current state of the economy, fell in July for the first time in two months, the government said Monday, reflecting a slowdown in manufacturing activity. The index of coincident indicators, such as industrial output, retail ...

Sep 6, 2015

Chinese build factories in U.S., creating jobs and tensions


When Chen Mingxu was a boy, U.S. businessmen poured into rural China, welcomed with tax breaks and steamed turtle. Thirty years later, in a kind of reverse migration, Chen finds himself in southwestern Alabama smiling wanly over bacon-wrapped meatloaf and banana pudding. Chen, who ...

China backs Putin's idea of developing Russia's Far East

Sep 5, 2015

China backs Putin's idea of developing Russia's Far East

Chinese Vice Premier Wang Yang said Saturday that Russia’s push to revamp its run-down Far East region coincided with Beijing’s strategy, backing President Vladimir Putin’s drive for new sources of growth. At the Eastern Economic Forum in the Pacific Port of Vladivostok on Friday, ...

Sep 5, 2015

U.S. August jobless rate falls to 5.1%

The U.S. unemployment rate fell to 5.1 percent in August, the lowest since early 2008, as the economy motored steadily ahead despite a global slowdown, the Labor Department said Friday. A modest 173,000 new jobs were created last month, below what was forecast, and ...

Sep 4, 2015

Japanese wages post 0.6% rise, steepest in a decade

Regular wages increased in July by the most in nearly 10 years, aiding Prime Minister Shinzo Abe’s efforts to reflate the world’s third-biggest economy. Base pay climbed 0.6 percent from a year earlier, the biggest increase since November 2005, the labor ministry said on ...

Sep 4, 2015

Sales of foreign cars in Japan rise 7.8% in August

Sales of imported foreign-brand vehicles increased 7.8 percent in August from a year before to 19,692 units, growing for the fifth straight month, the Japan Automobile Importers Association said Friday. The figure accounted for 9.3 percent of overall new vehicle sales in the country, ...