Aug 21, 2014

Think tanks revise down GDP outlook for fiscal 2014

Private think tanks have cut their estimates for Japan’s gross domestic product for fiscal 2014 after the economy reportedly shrank at its fastest pace in 13 quarters in April-June. Japan’s price-adjusted real GDP will grow only 0.5 percent in the year ending next March, ...

Aug 15, 2014

64% of small firms to issue pay hikes this year: METI

A Ministry of Economy, Trade and Industry survey revealed Friday that 64.5 percent of the nation’s small companies have decided to raise pay this fiscal year, up from 56.8 percent the previous year. “The virtuous cycle of the economy is having a wider impact,” ...

75% oppose second stage of sales tax hike

Aug 15, 2014

75% oppose second stage of sales tax hike

Three-quarters of the public is against the second stage of consumption tax hike planned for October 2015, after taking a heavy blow from the first stage in April, according to the latest survey. In a survey carried out by Jiji Press over four days ...

Aug 14, 2014

Investment trust assets set new record high in July

The net asset value of publicly offered stock investment trusts in Japan hit a record high ¥70.1 trillion at the end of July, up 1.9 percent from June, recent data compiled by the Investment Trusts Association show. The balance exceeded the previous high of ...

Megabanks' $800 billion cash pile shows Abe must free up credit

Aug 14, 2014

Megabanks' $800 billion cash pile shows Abe must free up credit

Prime Minister Shinzo Abe has succeeded in wrestling down the yen and snapping a 15-year deflationary spiral. The challenge of spurring lending by the country’s cash-hoarding megabanks remains. The nation’s three largest lenders increased their cash and deposits with other financial institutions 5.7 percent ...

Aug 6, 2014

Major firms to boost capital spending in Japan by 15% this year

Major firms plan to boost capital spending at home by 15.1 percent this business year, according to a recent survey. Domestic corporate capital expenditure is set to expand for the third straight year and outpace the fiscal 2013 growth of 3.0 percent, reflecting expectations ...

Aug 2, 2014

Think tanks forecast 7.4% drop in April-June GDP

Eleven private-sector think tanks suspect the economy shrank by an annualized rate of 7.4 percent on average from April to June, in price-adjusted real terms. Japan’s real GDP is expected to drop sharply after surging 6.7 percent from January to March as consumers rushed ...

Jul 30, 2014

IMF examines risks that could lead to sharp cut in Japan's growth

The International Monetary Fund has presented a worst-case combination of risks that could shave Japan’s real gross domestic product growth by as much as 4 percentage points. The economy would contract if the country simultaneously faces sluggish wage growth, a firmer yen, stock price ...

Jul 30, 2014

Japan's output drops most since 2011 as consumers spend less

Industrial output fell the most since the March 2011 disasters, government data showed Wednesday, highlighting the widening impact to the economy of the April 1 consumption tax increase. Industrial output dropped 3.3 percent in June from May, the Ministry of Economy, Trade and Industry ...

Jul 25, 2014

Cabinet OKs guidelines for fiscal 2015 budget

Prime Minister Shinzo Abe’s Cabinet on Friday approved guidelines for compiling the fiscal 2015 budget and said it aimed to improve the economy and restore Japan’s fiscal health — the worst among the major industrialized countries. An estimate released earlier in the day, however, ...