Oct 30, 2014

Fed ends bond buying, cites brighter job market

The Federal Reserve cited an improving economy Wednesday as it ended its landmark bond-buying program and pointed to gains in the job market — a key condition for an eventual interest rate hike. The Fed reiterated its plan to maintain its benchmark short-term rate ...

No easy retirement in South Korea

Oct 27, 2014

No easy retirement in South Korea

Out of work and out of pocket, South Korean retirees are struggling to force their way back into an unwelcoming job market in an effort to supplement meager or non-existent pensions. But President Park Geun-hye’s vision of a new “creative economy” seems to have ...

Over 1 million protesters march on Rome in anti-job reform demo

Oct 25, 2014

Over 1 million protesters march on Rome in anti-job reform demo

Some 1 million Italians took to the streets of Rome on Saturday for a demonstration organized by Italy’s largest trade union to protest Prime Minister Matteo Renzi’s plans to overhaul the labor market. As hundreds of thousands of Italians snaked through the capital calling ...

A dark force targets youth at their jobs

| Oct 18, 2014

A dark force targets youth at their jobs

by Philip Brasor

In the ongoing discussion about workplace abuse, the media has advanced yet another new term. “Black baito” modifies the already popular phrase “black kigyō,” which are companies that manipulate or ignore labor standards in order to get employees to work overtime without pay. “Baito” ...

Abe's Cabinet issues list of projects to help women

Oct 10, 2014

Abe's Cabinet issues list of projects to help women

by Reiji Yoshida

Prime Minister Shinzo Abe’s Cabinet on Friday issued a “package” of policy measures to help women in the nation’s male-dominated society, including new government consultancies to help single-mother families, job training courses and expanded after-school programs for young children. But the “package” is, in ...

Output unexpectedly falls as retail sales gain

Sep 30, 2014

Output unexpectedly falls as retail sales gain

Japan’s output unexpectedly fell while stronger retail sales and an improving job market showed resilience, government statistics showed Tuesday as Prime Minister Shinzo Abe weighs another consumption tax increase. Industrial production declined 1.5 percent in August from July, compared with the median estimate of ...

Sep 17, 2014

Survey finds skepticism about global trade's benefits

Japanese, Americans and many Europeans aren’t sold on the benefits of trade. They doubt that global economic ties create jobs or raise wages, an international survey conducted by the Pew Research Center shows. But people in China and other low- and middle-income countries are ...