Abe's overture to Wall Street lost in translation

Sep 29, 2013

Abe's overture to Wall Street lost in translation

by William Pesek

Something was definitely lost in translation when Shinzo Abe spoke in New York on Thursday. First, Japan’s self-described reformist prime minister raised the specter of Gordon Gekko, the greed-is-good villain of Oliver Stone’s 1987 film “Wall Street.” Speaking at the New York Stock Exchange ...

G-20 leaders vow 'credible' fiscal plans

Sep 6, 2013

G-20 leaders vow 'credible' fiscal plans

Despite the U.S.-Russia standoff over the Syrian civil war and Moscow’s granting of temporary asylum of U.S. intelligence leaker Edward Snowden, they managed to sit down at the table of the Group of 20 summit Thursday to look at the fluctuating global economic picture. ...

Aug 28, 2013

'Abenomics' yet to increase disposable income: survey

Citizens have yet to enjoy the benefits of Prime Minister Shinzo Abe’s economic policies, known as “Abenomics,” in terms of disposable income, a private-sector survey revealed Tuesday. According to the survey conducted by Orix Bank, only 6.8 percent of respondents said that the amount ...

Aug 21, 2013

DPJ stimulus package, rebuilding work after 3/11 buoy economy

The government tentatively acknowledged Wednesday that the economy expanded for 37 months in a row through April 2012, weathering the devastating March 2011 earthquake-tsunami disaster and the ensuing nuclear crisis in Fukushima Prefecture. A panel of economists and experts for the Cabinet Office also ...

Aug 15, 2013

Growth talks next target: pay

The Abe administration will hold discussions with business and labor union leaders from mid-September to late in the year in hopes of raising wages and creating better working conditions for women, the pillars of a second version of its economic growth strategy, sources said. ...

Aug 9, 2013

A first: Nation's debt tops ¥1 quadrillion

The national debt exceeded ¥1 quadrillion for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales tax increase to shore up government finances. The country’s outstanding public debt, including borrowings, reached a record ¥1.08 quadrillion ($10.4 trillion) ...