Nov 14, 2015

Government eyes extra budget worth around ¥3.5 trillion

The government is likely to compile an extra budget worth around ¥3.5 trillion ($28.5 billion) at the end of this year to help farmers boost their global competitiveness and finance social security measures, sources said Saturday. Prime Minister Shinzo Abe will instruct ministries to ...

Nov 12, 2015

Abe aims to cut corporate tax 'below 30%'

Prime Minister Shinzo Abe vowed Wednesday to cut the corporate tax rate next fiscal year beyond current targets, paving the way for bringing it below 30 percent to boost investment and wages. Abe told a meeting of the Council on Economic and Fiscal Policy ...

Nov 12, 2015

Core machinery orders log first rise in four months

Core private-sector machinery orders rose a seasonally adjusted 7.5 percent in September for the first gain in four months, led by increased orders from the nonmanufacturing sector, the government said Thursday. The value of the orders, widely regarded as a leading indicator of future ...

Japan's regular wages increase for a seventh straight month

Nov 9, 2015

Japan's regular wages increase for a seventh straight month

Regular wages in Japan rose for a seventh consecutive month as the government of Prime Minister Shinzo Abe presses businesses to boost salaries. Base pay climbed 0.4 percent in September from a year earlier, the labor ministry said Monday. Overall labor cash earnings, which ...

Nov 4, 2015

Abe orders compilation of fresh stimulus measures within November

Prime Minister Shinzo Abe instructed his ministers Wednesday to compile new economic stimulus measures within the month, aiming to achieve goals that include boosting Japan’s nominal gross domestic product to ¥600 trillion ($5 trillion) in five years’ time. “In order to achieve a postwar ...