Midterm elections carry high stakes for U.S. economy

Nov 4, 2014

Midterm elections carry high stakes for U.S. economy

The midterm slugfest for control of the U.S. Senate could have far-reaching effects on the economy. Tuesday’s elections come just as U.S. growth has been showing consistent improvement, thanks in part to a congressional truce on budget fights. Previous such fights shut down the ...

Oct 31, 2014

Next extra budget likely to weigh in at only ¥3 trillion

The government is considering compiling an extra budget of only ¥3 trillion for fiscal 2014 ending in March to prevent the economy from drooping further from the consumption tax hike in April, sources close to the matter said Friday. The extra budget compiled for ...

Oct 21, 2014

China economy grows at slowest pace in five years

China’s economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders’ plans for a controlled slowdown. The third quarter figures, released Tuesday, put China ...

Oct 10, 2014

Moody's boosts Nomura credit rating for first time since 2005

Nomura Holdings Inc.’s credit rating was raised by Moody’s Investors Service for the first time since November 2005 as Japan’s largest brokerage showed improved profitability. The company’s long-term rating was increased by two levels to Baa1 from the lowest investment grade of Baa3, Moody’s ...

August machinery orders bounce back from plunge in May

Oct 9, 2014

August machinery orders bounce back from plunge in May

Core private-sector machinery orders rose a seasonally adjusted 4.7 percent from a month earlier in August to ¥807.8 billion, data showed Thursday, prompting the government to upgrade a leading indicator of capital spending. Core orders, excluding those for ships as well as from utilities ...

Sep 26, 2014

Consumer inflation rose slower than projected in August

Consumer inflation slowed further in August, official data showed Friday, stoking concerns about the government’s war on deflation. Core consumer inflation, stripping out volatile fresh food prices, was 3.1 percent year on year, the internal affairs ministry reported. That was below markets’ median forecast ...

Sep 19, 2014

Cabinet sobers up on Japan's economic fundamentals

Japan’s economic fundamentals were downgraded in a monthly report Friday as the government issued its first gloomy appraisal in five months, citing persistent weakness but insisting a slow recovery was underway. “The Japanese economy is making a moderate recovery, while weakness can be seen ...

Local governments upgrading gifts to collect tax donations

Sep 18, 2014

Local governments upgrading gifts to collect tax donations

Local governments are upgrading the goods and services they provide to people who make contributions to them under the “hometown tax” system. The system allows people to donate money to local governments of their choice, such as their hometowns. Donors get deductions in resident ...