Business Topics

Jun 8, 2016

Japan logs current account surplus for 22nd consecutive month

Japan posted a current account surplus for the 22nd consecutive month in April, the government said Wednesday, as declining crude oil prices reduced imports and rising numbers of foreign tourists pushed up a travel surplus. The current account surplus expanded 41.7 percent from a ...

Quarterly GDP is revised up, showing 1.9% growth

Jun 8, 2016

Quarterly GDP is revised up, showing 1.9% growth

The economy grew slightly more than initially reported for the first quarter, helped by a fractional revision in private consumption and business investment that dropped less than first thought. Gross domestic product expanded by an annualized 1.9 percent in the three months ended March ...

Kuroda should drop two-year inflation target: former BOJ director

Jun 7, 2016

Kuroda should drop two-year inflation target: former BOJ director

The Bank of Japan should abandon its two-year time frame for achieving 2 percent inflation to avoid the pressure of having to take more drastic measures to reach the distant goal, a former BOJ executive director has said. “It’s already conducting very bold stimulus,” ...

Jun 2, 2016

Moody's sees Japan's consumption tax hike delay as 'credit negative'

Moody’s Investors Service Inc. said Thursday that Prime Minister Shinzo Abe’s decision to postpone a hike in the consumption tax and compile a fiscal stimulus in the autumn is “credit negative,” questioning the government’s ability and willingness to achieve fiscal consolidation. The U.S. debt ...

Jun 1, 2016

Business investment rose 4.2% in first quarter

Capital spending by Japanese firms climbed 4.2 percent in the January to March period from a year earlier for the 12th straight quarterly increase, but declining profits dampened prospects for business expenditure, government data showed Wednesday. Business investment by all nonfinancial sectors for purposes ...