Aug 13, 2014

Japan's GDP set to fall sharply; stimulus expectations may surge

Japan’s economy likely shrank sharply in the second quarter, which would be bad news for Prime Minister Shinzo Abe’s growth policies, but it could raise market expectations of further stimulus. Data due at 8:50 a.m. Wednesday will show gross domestic product contracted at a ...

Jul 30, 2014

Ministry panel agrees on ¥16 hike in minimum wage

A subcommittee of a Health, Labor and Welfare Ministry panel recommended Tuesday that the country’s minimum hourly wage for fiscal 2014, which ends in March 2015, be raised by ¥16 on average from the previous year. The minimum wage will average ¥780 if the ...

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 ...