As yen gets weaker, consumers writhe

| Oct 3, 2014

As yen gets weaker, consumers writhe

by Chris Cooper

The weakening yen is starting to squeeze Japanese consumers as prices rise for everything from Burgundy wine to instant noodles, threatening Prime Minister Shinzo Abe’s plans to revive the economy. The currency slid to ¥110 to the dollar on Oct. 1, the lowest level ...

OECD backs second tax hike, more easy money from BOJ

Sep 22, 2014

OECD backs second tax hike, more easy money from BOJ

Japan should raise the consumption tax again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money, the OECD said Monday. The Bank of Japan must do more “beyond 2015″ ...

Sep 17, 2014

Government-labor-management talks to resume, possibly in October

The government will resume its three-way talks with labor and management representatives as early as next month, Prime Minister Shinzo Abe said. “Everyone needs to share the view that a virtuous economic circle will be maintained with employee pay raised on better corporate earnings,” ...