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 ...

Sep 17, 2014

Government to lower economic assessment

The government is considering lowering its assessment of the economy in the monthly report for September, it was learned Wednesday. This would mark the first downgrade since April, when the economy was hit by a pullback in demand after the April 1 consumption tax ...

Aug 29, 2014

Japan economy stalls as incomes, spending languish

Japan’s vital signs remained weak in July, as wages fell further and household spending dropped, signaling continued weakness in the world’s third-largest economy. Data released Friday showed inflation was flat. The core consumer price index, excluding volatile fresh food prices, stood at 3.3 percent, ...

Aug 22, 2014

U.S. wealth gap widened in the last decade

A report from the U.S. Census Bureau provides fresh evidence that the rich are getting richer while the poor are getting poorer. The study, released Thursday, divided the U.S. into five groups from wealthiest to poorest. The median net worth of the richest households ...

Most major firms expect to see economy grow by year-end

Aug 17, 2014

Most major firms expect to see economy grow by year-end

A domestic survey of 106 major companies has found that 100 expect the economy to expand toward year-end, and that 76 do not oppose the government’s plan to complete the doubling of the sales tax to 10 percent in 2015, a poll says. Although ...