Feb 9, 2014

Wages of an economic upturn

Indications are that Japan may finally be on its way out of deflation, but prices are rising faster than workers' wages and the consumption tax hike in April will add to the burden on households.

Jan 31, 2014

Deflation nearing end, 2013 data show

Economic data for 2013 show signs that Japan is moving a step closer to beating prolonged deflation, with consumer prices rising for the first time in five years while the employment situation also improved.

Deflation off slightly last month: data

Dec 27, 2013

Deflation off slightly last month: data

Consumer prices rose 1.2 percent last month, the fastest pace in five years, edging closer to the Bank of Japan’s 2.0 percent target in its war on deflation as Tokyo battles to reverse years of falling prices. But if volatile food and energy, by ...

Cabinet OKs record budget for 2014

Dec 24, 2013

Cabinet OKs record budget for 2014

The Cabinet approves a record ¥95.88 trillion general account budget for fiscal 2014 as the Abe administration seeks simultaneously to conquer decades of deflation and restore the nation’s precarious fiscal health.

Dec 24, 2013

Mention of 'deflation' dropped from monthly economic report

The government dropped the word “deflation” in its monthly economic report Tuesday for the first time in more than four years amid signs of growth in consumer spending, but it refrained from announcing the end of deflation because prices could still fall back. In ...

Data signal deflation may be in mild retreat

Nov 29, 2013

Data signal deflation may be in mild retreat

The war on deflation got a boost in October with a key inflation indicator rising at its fastest pace in 15 years, new data showed Friday, as the government battles to reverse years of falling prices. Stripping out volatile food and energy prices, which ...

China mimics worst of 'Abenomics' at worst time

Nov 2, 2013

China mimics worst of 'Abenomics' at worst time

by William Pesek

If imitation really is the greatest form of flattery, Shinzo Abe should be thrilled the Chinese are copying his “Abenomics” strategy to excite investors. The rest of the world shouldn’t be. China isn’t cribbing the prime minister’s actual blueprint, but his formula of spin ...

CPI snaps out of four years of falling; 'Abenomics' lauded

Oct 25, 2013

CPI snaps out of four years of falling; 'Abenomics' lauded

The consumer price index snapped four years of declines in September, signaling progress in Prime Minister Shinzo Abe’s campaign to stamp out deflation and drive a sustained economic revival. Prices excluding energy and fresh food were unchanged from a year earlier after sliding every ...