Sep 1, 2015

April-June business investment up 5.6% on-year

Capital spending by firms rose 5.6 percent from a year earlier in the April-June period for the ninth straight year-on-year quarterly gain, the government said Tuesday, indicating a continued recovery in business investment. The 5.6 percent rise, however, missed economists’ estimates for an 8.8 ...

Japan factory output down in July as China demand slumps

Aug 31, 2015

Japan factory output down in July as China demand slumps

Japan’s factory output contracted a worse than expected 0.6 percent on-month in July, official data showed on Monday, owing to lackluster demand at home and as a slowdown in China weighs on exports. The reading published by the industry ministry was weaker than the ...

July job availability best in over 23 years

Aug 28, 2015

July job availability best in over 23 years

Job availability across the country improved to its highest level in over 23 years and the unemployment rate fell to 3.3 percent in July, the government said Friday, signaling that companies are willing to hire more workers. The ratio of job offers to seekers ...

Flat inflation, fall in household spending a blow to 'Abenomics'

Aug 28, 2015

Flat inflation, fall in household spending a blow to 'Abenomics'

Inflation fell back to zero in July while household spending dropped again, official data showed Friday, with the disappointing numbers sure to stoke speculation that the central bank will unleash more stimulus. Core inflation, excluding volatile fresh food prices, was flat year-on-year, the internal ...

Aug 23, 2015

Major firms expect economy to grow: survey

Some 88 percent of major Japanese companies surveyed expect the economy to grow by the end of 2015, and nearly half of them plan to boost capital spending in the business year through March, a Kyodo News survey showed Saturday. The results of the ...

Aug 22, 2015

Industry ministry to seek ¥116 billion to promote innovation

The Ministry of Economy, Trade and Industry plans to request ¥116.6 billion for projects to promote innovation under the government’s fiscal 2016 budget, more than 2½ times the amount earmarked under the 2015 budget, it was learned Friday. Among such projects are those to ...

Aug 21, 2015

Tourism agency seeks lower threshold for sales tax-free purchases

The Japan Tourism Agency will seek to expand the scope of consumption tax-free shopping for foreign visitors as part of efforts to spread the economic benefits of a tourism boom throughout the country, officials said Thursday. The tourism agency will call for lowering the ...