Dec 22, 2015

Japanese economy forecast to grow 1.7% in fiscal 2016

The Japanese economy is expected to grow about 1.7 percent in real terms in fiscal 2016 starting next April, led by recovering consumer spending and solid capital investment, the government said Tuesday. In nominal terms, gross domestic product will likely expand around 3.1 percent ...

Dec 11, 2015

'Internet economy' is 6% of U.S. GDP: study

The Internet’s economic impact has doubled since 2007 and now fuels at least 6 percent of the overall U.S. economy, a study showed Thursday. The study for the Internet Association — which includes major companies such as Facebook and Amazon — found the online ...

Dec 9, 2015

Core machinery orders up 10.7% in October

Core private sector machinery orders expanded a seasonally adjusted 10.7 percent in October from the previous month for the second straight monthly increase, the government said Wednesday. The figure suggests a recovery in capital investment. The value of orders, widely regarded as a leading ...

Dec 6, 2015

Amari foresees 0% growth in Japan's July to September GDP

Economic and fiscal policy minister Akira Amari said Sunday that the country’s quarter-on-quarter real gross domestic product growth in the July to September period is expected to be revised up to around zero percent from minus 0.8 percent at an annual rate. Amari showed ...

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 ...