Nov 24, 2015

Minimum wage to go up 3 percent to boost consumption

The Abe administration will raise the minimum wage by 3 percent each year starting next fiscal year as part of a package of policies aimed at strengthening consumer spending and stoking economic growth. The administration will also strengthen policies to get more women into ...

Sep 28, 2015

Abe's pivot to his economic policy

Instead of spouting nice-sounding slogans, Prime Minister Shinzo Abe should conduct a sober assessment of what his economic policies have lacked and what is needed going forward.

May 27, 2015

Kuroda faces opposition even after BOJ extended price target

Even the Bank of Japan’s recently extended time frame for achieving its inflation target may be too optimistic, according to some members of the BOJ Policy Board. A few members said at the central bank’s April 30 meeting that inflation would not reach 2 ...

May 24, 2015

BOJ chief Kuroda stays on message at ECB Forum in Portugal

Bank of Japan Gov. Haruhiko Kuroda said Saturday at a forum in Portugal that Japan is overcoming the deflation that has plagued its economy for nearly two decades, according to the text of his speech released Sunday by the central bank. Referring to “positive ...