Business Topics

Nov 21, 2016

Abe to seek bigger fiscal policy role in '17 budget

Prime Minister Shinzo Abe’s government is pushing for a greater role for fiscal policy next year, according to draft guidelines for the 2017 budget seen by Bloomberg. The government handed the document for Japan’s initial budget for the fiscal year starting in April to ...

Trump win gives Kuroda breathing room, ex-BOJ executive says

Nov 18, 2016

Trump win gives Kuroda breathing room, ex-BOJ executive says

Donald Trump’s election win has given Bank of Japan Governor Haruhiko Kuroda room to breathe by easing concerns that the yen will strengthen, a former BOJ executive says. The BOJ can remain on hold unless the yen strengthens past 100 against the dollar, a ...

Nov 16, 2016

BOJ inflation goal still too optimistic: ex-executive

The Bank of Japan is still too optimistic about the time needed to achieve its 2 percent inflation target, given the country’s entrenched deflationary mindset, a former BOJ executive director said. Any lack of progress toward that goal, though, is unlikely to trigger additional ...

Nov 15, 2016

Abe warns TPP impasse would shift focus to China-inclusive trade pact

Prime Minister Shinzo Abe said Tuesday that roadblocks to implementation of the U.S.-led Trans-Pacific Partnership (TPP) could shift attention to another envisioned regional free trade pact that includes China, but not the United States. “There’s no doubt that there would be a pivot to ...

Nov 15, 2016

Abe ponders whether to follow Trump's lead on fiscal stimulus

While Donald Trump is set to inject a dose of fiscal medicine into the world’s biggest economy, any move by Shinzo Abe to further strengthen Japan’s fiscal stimulus program faces the challenge of disappointing tax receipts and a record debt burden. The government already ...

Nov 15, 2016

Government panel calls for review of spousal tax break

A government advisory panel has recommended reviewing the spousal tax break, while stopping short of presenting any specific proposals. It is “appropriate” to review the tax break, the Tax Commission said in a report released Monday. Under the current system, ¥380,000 can be deducted ...

Kuroda turns cautiously optimistic about inflation target

Nov 14, 2016

Kuroda turns cautiously optimistic about inflation target

Bank of Japan Gov. Haruhiko Kuroda expressed confidence Monday that the 2 percent inflation target will be achieved around fiscal 2018, saying a pickup in oil prices and possible wage growth could help push up prices. Kuroda, however, also warned there are downside risks ...