Sales tax hike stymies domestic car sales: JAMA

Dec 22, 2014

Sales tax hike stymies domestic car sales: JAMA

by Kazuaki Nagata

Major Japanese carmakers may have benefited from the yen’s sharp decline this year, but they were also hurt by the consumption tax hike and prospects for the domestic market appear dim, Fumihiko Ike, chief of the Japan Automobile Manufacturers Association, said Monday. “2014 has ...

Dec 5, 2014

Bankruptcies caused by weakening yen set new record in November

Corporate bankruptcies linked to the yen’s slide hit a new record in November, highlighting the strains on small and midsize companies as Prime Minister Shinzo Abe campaigns for re-election on his deflation-busting economic strategy. Forty-two of the companies that failed in November cited the ...

Dec 1, 2014

Dairies seen losing cost battle as Abe weakens yen

apan’s dairies and cake lovers just can’t seem to catch a break. A weakening yen is making it more expensive for farmers to import the U.S. corn their cows eat at a time when record crops have reduced livestock-feeding costs around the world. And ...

Sagging yen saps South Korean export muscle

| Nov 23, 2014

Sagging yen saps South Korean export muscle

by Jung Ha-Won

As Japan slips into recession, South Korea is keeping an increasingly wary eye on its export rival’s free-falling currency, which is honing a lasting competitive edge over Korean products in a number of key markets. The massive fiscal stimulus and flood of easy money ...

Nov 18, 2014

Japan's recessionary slide hits stocks, oil worldwide

Data showing Japan slipped into recession in the third quarter raised concerns Monday about global economic health, hitting stocks and the price of oil. Before recovering slightly, European shares fell, and Wall Street looked set to open lower, according to index futures . The ...

Abe says he hopes to hold more talks with Xi

Nov 11, 2014

Abe says he hopes to hold more talks with Xi

Prime Minister Shinzo Abe expressed hope Tuesday of holding further talks with Chinese President Xi Jinping and overcoming difficulties in the bilateral relationship. “I believe whatever issues (face our countries), we would be able to find a solution through frank dialogue between the leaders,” ...