DPJ leaders confer with French economist Piketty

Jan 31, 2015

DPJ leaders confer with French economist Piketty

Democratic Party of Japan leader Katsuya Okada and other senior members of the top opposition party held a meeting Friday with visiting French economist Thomas Piketty, known for his study on economic inequalities. DPJ policy chief Goshi Hosono told Piketty that Prime Minister Shinzo ...

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 13, 2015

Delivering on the promise of 'Abenomics'

by Koichi Hamada

If politicians themselves participate in the taxpayer identification system, bureaucrats forgo some of the power that excessive regulation affords them and businesses give up some of their special tax benefits, the Abe government may yet fulfill its promise and build a thriving economy.

Now Abe must follow through

Jan 13, 2015

Now Abe must follow through

by Yuriko Koike

Three factors played important roles in securing Prime Minister Shinzo Abe's extraordinary victory in last month's elections: falling oil prices, rising skepticism about China's peaceful intentions and Abe himself supplanting the role of labor unions by demanding that companies give pay raises.