Business Topics

U.S. Senate OKs fast-track trade authority for Obama

May 23, 2015

U.S. Senate OKs fast-track trade authority for Obama

In a victory for President Barack Obama, the Senate passed bipartisan legislation Friday night to strengthen the administration’s hand in global trade talks, clearing the way for a highly unpredictable summer showdown in the House. Senate passage of the trade bill capped two weeks ...

May 21, 2015

Status of economy tops agenda at BOJ policy meeting

The Bank of Japan started a two-day policy meeting Thursday at which it is expected to debate whether to raise its opinion on the Japanese economy. The nine-member Policy Board is expected to leave its monetary easing policy intact after delaying the deadline for ...

May 21, 2015

TPP nations to give up on Guam ministerial meeting as TPA pends

The 12 countries engaged in the Trans-Pacific Partnership trade talks have given up on holding a ministerial meeting in Guam, informed sources said. They dropped the plan for the meeting on the broad free trade accord because it is uncertain whether the U.S. Congress ...

May 21, 2015

Bill to reform gas, electricity markets passes Lower House

The House of Representatives passed a bill Thursday to require utilities to segregate their power generation and transmission operations by April 2020. The bill, which won support mainly from the ruling coalition, was sent to the House of Councilors, the upper chamber. The measure ...

May 20, 2015

BOJ bond-buying faces challenge as Japan Post slows debt sales

The day when the Bank of Japan can’t find enough bonds to buy is drawing closer. State-owned Japan Post Bank Co. will probably offload about ¥10 trillion ($83 billion) of Japanese government bonds in the year started April 1, according to Bank of America ...

May 20, 2015

Saudi Arabia seeks Japanese investment in railways, energy

The head of the Saudi Arabian General Investment Authority wants potential investors such as Japanese railway companies to pitch into projects in his country, saying he believes overall Japanese investment can surge in the next few years. “On the optimistic side, I think we ...

May 19, 2015

Household savings hit record high in 2014

The average savings of households in 2014 rose 3.4 percent to ¥17.98 million, marking the highest level since officials began compiling comparable data in 2002, the internal affairs ministry said. The savings of households with at least two members grew for the second straight ...

May 19, 2015

Strike TPP deal as soon as possible, former U.S trade rep says

The Trans-Pacific Partnership free trade negotiations are important for both the United States and Japan, and an early conclusion is desirable for the 12-country talks, former U.S. Trade Representative Mickey Kantor said in a recent interview. “It is in both countries’ interest that the ...