BOJ meets amid backdrop of surprise fall in retail sales

Jan 28, 2016

BOJ meets amid backdrop of surprise fall in retail sales

Retail sales unexpectedly declined in December, indicating weakness in consumer spending as the central bank began a two-day meeting Thursday to decide whether to boost monetary stimulus. The drop adds to concerns that price gains in Japan will remain insufficient to spur economic growth, ...

Government report says Japan's economy recovering moderately

Dec 21, 2015

Government report says Japan's economy recovering moderately

The government on Monday maintained its overall assessment of the economy as recovering moderately, helped by firm consumer spending and improving corporate profits. But its assessments of public investment and housing construction were downgraded while its view on employment was raised in its monthly ...

Nov 19, 2014

Businesses have mixed reaction to putting off sales tax hike

The business community voiced mixed reactions Tuesday to Prime Minister Shinzo Abe’s decision to delay the next consumption tax hike and call a snap election for the Lower House. “We were concerned about slowing consumption,” an official at a restaurant chain said, welcoming Abe’s ...

As yen gets weaker, consumers writhe

| Oct 3, 2014

As yen gets weaker, consumers writhe

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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 ...

Sep 17, 2014

Government to lower economic assessment

The government is considering lowering its assessment of the economy in the monthly report for September, it was learned Wednesday. This would mark the first downgrade since April, when the economy was hit by a pullback in demand after the April 1 consumption tax ...