Feb 16, 2015

Survey suggests more firms planning pay hikes in fiscal 2015

An annual survey has found that a record 48.3 percent of the responding companies in are planning salary hikes for regular workers in fiscal 2015, credit research company Teikoku Databank Ltd. said on Monday. The proportion was higher than 46.4 percent seen in the ...

Feb 12, 2015

Wholesale prices logged sharpest fall in four years in January

Wholesale prices dropped 2.4 percent year on year in January, excluding the impact of last April’s consumption tax hike, to mark the fastest fall in four years as crude oil prices continued to fall, the Bank of Japan said Thursday. The corporate goods prices ...

Inflation slows more than forecast in December

Jan 30, 2015

Inflation slows more than forecast in December

Japan’s inflation rate slowed more than forecast in December, adding to central bank chief Haruhiko Kuroda’s challenges in reflating the world’s third-biggest economy. Consumer prices excluding fresh food rose 2.5 percent from a year earlier, the statistics bureau said Friday in Tokyo. That was ...

Retail sales unexpectedly slump, in challenge to 'Abenomics'

Jan 29, 2015

Retail sales unexpectedly slump, in challenge to 'Abenomics'

Retail sales unexpectedly fell in December, underscoring challenges to Prime Minister Shinzo Abe’s effort to stoke a recovery in the world’s third-biggest economy. Sales slid 0.3 percent from November for a third straight monthly decline, the trade ministry said Thursday in Tokyo. That compared ...

December consumer confidence up for first time in five months

Jan 19, 2015

December consumer confidence up for first time in five months

Consumer confidence improved for the first time in five months in December, the government said on Monday, suggesting Prime Minister Shinzo Abe’s decision to postpone the second stage of the consumption tax hike has eased fears about Japan’s economic outlook. The seasonally adjusted index ...

Jan 6, 2015

Ketchup to catch up with rising tomato prices

Food maker Kagome Co. plans to raise the prices of 97 tomato products by between 4 percent and 13 percent. The April 1 hike will affect 20 consumer products, including ketchup, pasta sauce and puree, and 77 professional products, the company said on Monday. ...

Nov 28, 2014

OPEC maintains oil output level, triggering price collapse

OPEC on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a fresh collapse in crude prices. The cartel pumping out one-third of the world’s oil opted to stick by its output target, even after prices ...

Companies maintain forecast for sustained inflation

Oct 2, 2014

Companies maintain forecast for sustained inflation

Companies are forecasting sustained price gains over the next five years, signaling progress in reflating the economy, albeit below the Bank of Japan’s target. Firms expect annual inflation of 1.5 percent in a year, unchanged from their projections three months ago, the BOJ said ...