Business Topics

Mar 6, 2014

Consumers get the jump on tax hike

Before the consumption tax rises to 8 percent from 5 percent in April, consumers are rushing to make advance purchases of goods and services ranging from gadgets to train passes to lock in savings. The transitional measure on the tax hike allows March purchases ...

Agriculture minister expects structural reforms to diminish JA presence

Mar 5, 2014

Agriculture minister expects structural reforms to diminish JA presence

Structural reform will diminish the presence of the Japan agricultural cooperatives group, known as JA, Minister of Agriculture, Forestry and Fisheries Yoshimasa Hayashi said in a recent interview. “Demand for agricultural cooperatives, which have played a key role in the Japanese farming industry, will ...

Mar 5, 2014

Pressure on GPIF to buy more stocks good for public, Ito says

Pressure on the Government Pension Investment Fund to buy more stocks will benefit the public as well as boost equity markets, according to the head of a panel that advised on overhauling the world’s biggest retirement fund. “Some are concerned the GPIF reforms are ...

Mar 5, 2014

U.S. sets 2014 goal for signing TPP free trade pact

The Office of the U.S. Trade Representative has outlined a goal of concluding the Trans-Pacific Partnership this year. “In pursuit of job-supporting trade opportunities, the administration will work to conclude negotiations of the TPP in 2014,” the office said in a document attached to ...

Mar 5, 2014

Tokyo firms unsure of tax hike impact

A poll by the Tokyo Chamber of Commerce and Industry shows that about 40 percent of small and medium-size enterprises in the area are unsure of whether they can pass the April 1 consumption tax hike on to the prices of their products. While ...

Mar 3, 2014

Business investment up for third straight quarter

Capital spending by companies rose for the third straight quarter during the October-December period as growth in corporate profits on the back of the yen’s slide prompted businesses to bolster investment, the government said Monday. Business investment by all nonfinancial sectors for purposes such ...

Output soars most since 2011 ahead of tax hike

Feb 28, 2014

Output soars most since 2011 ahead of tax hike

The nation’s industrial production in January grew the most since 2011, indicating the economy is strengthening as a looming consumption tax bump stimulates demand, while inflation matched the highest level in more than five years. Output rose 4 percent in January from the previous ...

January jobless rate stays flat at 3.7%

Feb 28, 2014

January jobless rate stays flat at 3.7%

The unemployment rate remained flat at 3.7 percent in January, while job availability improved for the 14th straight month as the nascent economic recovery helped boost corporate profits, government data showed Friday. The number of people out of work fell a seasonally adjusted 0.8 ...

Feb 27, 2014

GE bets big on wind power in Japan

General Electric Co. considers Japan ripe for new investment in wind power as the resource-poor country diversifies energy supply in light of the Fukushima disaster. The U.S. company has developed a 2.85-megawatt turbine for Japan that can withstand conditions unique to the country. It ...

Warm January sees Japan flooding Asia with kerosene exports

Feb 27, 2014

Warm January sees Japan flooding Asia with kerosene exports

The mildest winter in four years is prompting Japan to export its biggest volume of kerosene in a quarter century, squeezing profits for Asian refiners while cutting fuel expenses for airlines. Japan has shipped enough of the transportation and heating fuel since December to ...