Apr 13, 2016

OECD chief calls for consumption tax of 'at least 15%'

The chief of the Organisation for Economic Cooperation and Development suggested Wednesday that Japan raise the consumption tax from the current 8 percent to “at least 15 percent” at some point in the future. Speaking after a meeting in Tokyo with Prime Minister Shinzo ...

Apr 5, 2016

Government considers welfare, stimulus measures to boost economy

The government is discussing welfare and stimulus measures aimed at promoting economic growth ahead of the Group of Seven summit in May. “It is extremely important to present a solid road map toward achieving the ¥600 trillion economy,” when the G-7 economies are being ...

Mar 14, 2016

Japan's January core machinery orders up 15% on month

Japan’s core private-sector machinery orders jumped a seasonally adjusted 15 percent in January from the previous month for the second straight monthly gain, led by large orders from the steel industry, the government said Monday. The orders, widely regarded as a leading indicator of ...

Mar 8, 2016

Revised third-quarter GDP figures show 1.1% contraction

The economy contracted in the October-December quarter, according to revised government data that underscores growing concern that Prime Minister Shinzo Abe’s reflation program is falling short of expectations. The gross domestic product shrank an annualized 1.1 percent in the three months ended Dec. 31, ...

Japan's October-December business investment up 8.5%, but outlook dim

Mar 1, 2016

Japan's October-December business investment up 8.5%, but outlook dim

Capital spending by Japanese firms climbed 8.5 percent in the October-December period from a year earlier, the government said Tuesday, but a decline in corporate profits and an uncertain global economy may dampen business investment in the future. Business investment by all nonfinancial sectors ...

Feb 18, 2016

Economic council calls for new stimulus steps to address global risks

Private-sector members of the Council on Economic and Fiscal Policy on Thursday called for potential stimulus measures to be studied to address downside risks to the global economy. The government “needs to flexibly respond if judged necessary” after Japan’s gross domestic product turned “weak” ...