Business Topics

April-June machinery orders plunge at fastest pace in five years

Aug 14, 2014

April-June machinery orders plunge at fastest pace in five years

Core private-sector machinery orders fell at the fastest pace in more than five years in the April-June quarter, the government said Thursday, underscoring corporate reluctance to boost investment after the April 1 consumption tax hike. The orders, which exclude those for ships and from ...

Aug 14, 2014

Japan-U.S. auto talks leave TPP spinning its wheels

Japan and the United States failed to make significant progress Thursday on opening the Japanese automobile sector, ending working-level talks in Tokyo aimed at sealing the 12-nation Trans-Pacific Partnership agreement. “Though our mutual understanding advanced as a whole, there was no major progress,” Takeo ...

Megabanks' $800 billion cash pile shows Abe must free up credit

Aug 14, 2014

Megabanks' $800 billion cash pile shows Abe must free up credit

Prime Minister Shinzo Abe has succeeded in wrestling down the yen and snapping a 15-year deflationary spiral. The challenge of spurring lending by the country’s cash-hoarding megabanks remains. The nation’s three largest lenders increased their cash and deposits with other financial institutions 5.7 percent ...

Aug 14, 2014

Stagflation stalks 'Abenomics' as pattern sets in

by William Pesek

Maybe it’s time to stop dismissing the risk of stagflation in Japan. I’ve raised this risk a couple of times during the last 12 months as inflation rose without commensurate increases in wages or productivity. But Tuesday’s ugly gross domestic product report suggest it’s ...

Aug 13, 2014

Taste for things Japanese attracting more U.S. tourists

For the first time in nine years, Japan will see a record number of American visitors, thanks to the yen’s depreciation and a growing interest in things Japanese, such as sake and anime. According to the Japan National Tourism Organization, 87,900 visitors from the ...

Some BOJ policymakers concerned about production shift overseas

Aug 13, 2014

Some BOJ policymakers concerned about production shift overseas

A few Bank of Japan policymakers pointed out during their meeting last month that structural factors such as firms shifting production abroad could continue to cap exports. During the July 14-15 meeting, the BOJ Policy Board maintained its assessment that “exports have recently leveled ...

Aug 13, 2014

U.S. job openings in June hit 13-year-plus high

U.S. employers in June advertised the most monthly job openings in more than 13 years. Employers posted 4.67 million jobs in June, up 2.1 percent from May’s total of 4.58 million, the Labor Department reported Tuesday. The number of advertised openings was the highest ...

Aug 13, 2014

Japan's GDP set to fall sharply; stimulus expectations may surge

Japan’s economy likely shrank sharply in the second quarter, which would be bad news for Prime Minister Shinzo Abe’s growth policies, but it could raise market expectations of further stimulus. Data due at 8:50 a.m. Wednesday will show gross domestic product contracted at a ...

Aug 12, 2014

Japan's industrial output in June suffered a revised 3.4% drop

Industrial output fell a seasonally adjusted 3.4 percent in June from the previous month, downgraded from an initially reported decrease of 3.3 percent, the Ministry of Economy, Trade and Industry said Tuesday. The index of output at factories and mines stood at 100.0 against ...