Japan's 0.5% wage increase last year the biggest since 2010

Feb 6, 2017

Japan's 0.5% wage increase last year the biggest since 2010

The wallets of Japan’s workers ended up a bit fatter last year, with total earnings rising the most since 2010. Total pay rose 0.5 percent from the previous year to an average ¥3.78 million ($33,673), while the number of hours worked dropped. Regular workers ...

Nov 28, 2016

Employment insurance premiums to fall to record low

The government will cut premiums for the nation’s employment insurance program to a record low of 0.6 percent for fiscal 2017-2019, down from 0.8 percent, sources said Monday. The government hopes the move will spur personal consumption and corporate spending. The premiums, used for ...

GDP revised upward to 0.7% for April-June quarter

Sep 8, 2016

GDP revised upward to 0.7% for April-June quarter

Japan’s economy expanded at a better-than-estimated 0.7 percent annualized pace in the April-June quarter, according to revised data showing private demand was stronger than earlier reported. An earlier estimate put annualized growth in the quarter at 0.2 percent. The economy grew at a 2.1 ...

Aug 30, 2016

Household spending, unemployment fall in July

Household spending fell for a fifth straight month and retail sales also dropped, underscoring the weakness in domestic demand. The jobless rate was the lowest since 1995. Household spending fell 0.5 percent in July from a year earlier, the statistics bureau said on Tuesday. ...

As Abenomics loses shine, Japan's shoppers seek bargains

Aug 25, 2016

As Abenomics loses shine, Japan's shoppers seek bargains

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Three years of Abenomics, Prime Minister Shinzo Abe’s bold stimulus program, has failed to dislodge a deflationary mindset among businesses and consumers. As the world’s third-largest economy falters again — with a stronger yen gnawing at overseas profits and domestic consumption sapping companies’ confidence ...