Business Topics

Feb 18, 2015

Big firms face pay-hike calls as 'shunto' labor talks begin

Large firms kicked off their annual wage talks Wednesday, with labor unions demanding a pay-scale hike amid Prime Minister Shinzo Abe’s repeated calls for an increase in salaries that would help boost consumption and shore up the economy. Workers at major automakers including Toyota ...

Feb 18, 2015

Diet ready to take up tax reform legislation for fiscal 2015

Tax reform legislation for fiscal 2015 that would cut the corporate tax rate and formalize the delay in hiking the consumption tax has made it to the Diet, with the Abe administration looking for quick approval. The Cabinet approved the proposed legislation Tuesday. It ...

Feb 17, 2015

Household spending logs biggest drop in eight years

Household spending in 2014 declined at its fastest pace in eight years, official data showed Tuesday, underscoring the impact of the first consumption tax hike in nearly two decades. The figures come a day after the government said the economy limped out of recession ...

Feb 17, 2015

Tariffs, other hurdles still remain in TPP talks, government official says

Japan and the United States remain divided over tariffs and issues such as intellectual property rights in their negotiations on the proposed Trans-Pacific Partnership, according to a Japanese government official. Kazuhisa Shibuya, a councilor at the Cabinet Secretariat and member of the government’s task ...

Feb 16, 2015

Survey suggests more firms planning pay hikes in fiscal 2015

An annual survey has found that a record 48.3 percent of the responding companies in are planning salary hikes for regular workers in fiscal 2015, credit research company Teikoku Databank Ltd. said on Monday. The proportion was higher than 46.4 percent seen in the ...

Feb 16, 2015

December industrial output rise revised down to 0.8%

The nation’s industrial output rose a seasonally adjusted 0.8 percent in December from the previous month, revised down from a preliminary 1.0 percent gain, the trade ministry said on Monday. The index of output at factories and mines stood at 98.7 against the base ...

Feb 13, 2015

BOJ sees extra stimulus as counterproductive for now

by Masahiro Hidaka

Bank of Japan policymakers view further monetary easing to shore up inflation as a counterproductive step at present, amid concern it could trigger declines in the yen that damage confidence, sources said. The yen strengthened after the remarks, which indicate a possible shift in ...

Feb 12, 2015

Core machinery orders jumped 8.3% in December

Core machinery orders jumped 8.3 percent to ¥853.6 billion in December, the government said Thursday, suggesting companies suddenly became eager to boost investment. The orders are viewed as a leading indicator of capital spending. Compared with the previous month, private-sector orders, excluding those in ...

Aso vows to improve 'extremely severe' public finances

Feb 12, 2015

Aso vows to improve 'extremely severe' public finances

The state of Japan’s public finances is “extremely severe,” Finance Minister Taro Aso said on Thursday, vowing to do whatever is needed to boost revenues and cut expenditures to restore the country’s fiscal health. Aso, who is also deputy prime minister, said Tokyo will ...