Imports of Chilean wine surge in Japan

Jul 23, 2014

Imports of Chilean wine surge in Japan

Imports of bottled wine from Chile are surging, thanks in part to a bilateral economic partnership agreement that has lowered the import tariff. Chilean wine was second in annual imports in Japan in 2013 on a country-by-country basis, beating Italian wine. This year, Chilean ...

Jul 22, 2014

Fiscal '14 growth forecast cut to 1.2%

The government on Tuesday cut its forecast for economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike — the first in 17 years — may continue to weigh on ...

Jul 14, 2014

Economic data mixed after Japan's sales tax hike

Economic indicators have been sending mixed signals since the consumption tax hike to 8 percent from 5 percent in April, with consumer confidence and employment faring well and household spending and capital investment slumping. Although the government and some private-sector economists remain confident the ...

Jun 28, 2014

Japanese spending might recover in September: World Bank chief

The head of the World Bank expects Japanese consumer spending to start recovering from the drop caused by the first stage of the consumption tax hike sometime around September, and voiced support for an investment bank for Asia as proposed by China. “What we’re ...

Beer sales take limited tax-hike hit

May 14, 2014

Beer sales take limited tax-hike hit

Shipments of beer and related brewed drinks fell by 21 percent in April compared with a year earlier, to 29.4 million cases, data showed Wednesday. It was the biggest decline for any month since records began, in 1992, and it was the weakest ever ...

May 13, 2014

El Nino-induced weather raises concern at BOJ

Bank of Japan officials are concerned that cooler-than-normal weather triggered by El Nino will curb spending this summer and weigh on an economic rebound after April’s sales tax increase, according to people familiar with the matter. Bank officials are watching for potential weakening in ...

Jan 8, 2014

U.S. falling for healthy green tea from Japan

Americans are increasingly turning to Japanese green tea on the back of rising health consciousness, with U.S. tea imports from Japan growing about tenfold over the last decade. Ippodo Tea Co., a tea retailer that began business in Kyoto about 300 years ago, opened ...

Consumers with cash splurging more on luxury goods

Jul 12, 2013

Consumers with cash splurging more on luxury goods

Sales of high-end watches, jewelry and other luxury goods are on the rise at department stores as sentiment among wealthy people picks up thanks to rising stock prices backed by the aggressive economic policy of Prime Minister Shinzo Abe. In addition, consumers in general ...