Business Topics

May 17, 2016

Japan household savings hit record ¥18 million in 2015

The average savings at households in 2015 rose 0.4 percent to ¥18.05 million, the highest level since officials began compiling comparable data in 2002, the internal affairs ministry said. The balance grew for the third consecutive year, thanks chiefly to a rise in the ...

Current account surplus doubled last year on cheap oil

May 12, 2016

Current account surplus doubled last year on cheap oil

The nation’s current account surplus doubled in fiscal 2015 from the previous year to ¥17.98 trillion, buoyed by lower crude oil prices and a surge in travel surplus on the back of a growing number of foreign tourists, the government said Thursday. Cheap crude ...

May 10, 2016

Japan's national debt climbs to a dizzying ¥1,049.37 trillion

Central government debt stood at ¥1,049.37 trillion — or just over 1 quadrillion — at the end of March, up ¥4.78 trillion from three months earlier, the Finance Ministry said Tuesday. The growing debt reflects a lack of financial resources amid ballooning social security ...

BOJ considered negative side of minus rates: minutes

May 9, 2016

BOJ considered negative side of minus rates: minutes

Some Bank of Japan policymakers warned in March of “adverse effects” of negative rates, citing anxiety among financial institutions and depositors, meeting minutes showed Monday. After the minus rate policy was adopted in late January, these members said it had become difficult for market ...