Dec 26, 2014

Abe administration proposes new subsidies for regional revitalization

The Abe administration proposed Friday creating new types of subsidies that towns, villages, prefectures would use at their own discretion to promote measures for stopping population decline and revitalizing regional economies. The proposal, part of a draft five-year comprehensive strategy for regional revitalization, was ...

Dec 26, 2014

Job availability rose for second month in row in November

Job availability rose for a second straight month in November, the government said Friday, suggesting firms are seeking to hire more workers as corporate profits improve. The ratio of job offers to job-seekers climbed to 1.12 from 1.10 in October, meaning 112 positions were ...

Inflation drive hampered by recession-hobbled economy

Dec 26, 2014

Inflation drive hampered by recession-hobbled economy

Inflation slowed for a fourth month in November and industrial production and retail sales unexpectedly dropped, based on government data released Friday, pointing to further weakness in an economy Prime Minister Shinzo Abe is trying to revive from recession. Output fell 0.6 percent in ...

Dec 26, 2014

Inflation, industrial output weakened in November

The inflation rate eased slightly in November as household spending dropped, hindering the Abe administration’s effort to get the economy out of recession and back to sustainable growth. Government data released Friday showed core consumer prices, excluding food, rose 2.7 percent, marking the 18th ...

BOJ policymaker urged fiscal discipline amid easing policy: minutes

Dec 25, 2014

BOJ policymaker urged fiscal discipline amid easing policy: minutes

A member of the Bank of Japan’s Policy Board said at last month’s meeting that fiscal discipline should be maintained even when long-term interest rates remain low, according to minutes of the meeting released Thursday. The policymaker said the decline in long-term interest rates ...

Dec 25, 2014

Next stimulus package likely to total ¥3.5 trillion

Japan’s next economic stimulus package is expected to weight in at just ¥3.5 trillion, including some ¥420 billion in new subsidies to help personal spending and reinvigorate regions outside big cities, informed sources said. The previous stimulus package, compiled as part of the supplementary ...

Abe, business heads, labor unions agree on efforts for wage growth

Dec 16, 2014

Abe, business heads, labor unions agree on efforts for wage growth

Prime Minister Shinzo Abe’s administration crafted a joint statement Tuesday with leaders of business organizations and labor unions, aiming to bolster the economy through wage growth. At a trilateral meeting, Abe also urged large manufacturers, which have benefited from the yen’s slide, to trade ...