Japan, South Korea to resume currency swap deal

Aug 28, 2016

Japan, South Korea to resume currency swap deal

Japan and South Korea agreed Saturday to launch talks on resuming a currency swap deal, reflecting newly cooperative relations between the two neighbors. The two began operating a swap agreement in 2001, but testy ties precluded any effort to extend or renew it when ...

Aug 26, 2016

Japan's fiscal 2017 budget requests look to top ¥101 trillion

Budget requests by Japan’s central government offices for a new fiscal year from next April are expected to exceed ¥101 trillion ($1 trillion), government sources said Thursday. The requests for the general-account budget for fiscal 2017 will top ¥100 trillion for the third straight ...

Jun 28, 2016

Tax revenue falls short of government estimate

Tax revenue collected by the central government in fiscal 2015 totaled around ¥56.28 trillion, government sources said, falling short of estimates as corporate tax revenue was reduced by the effects of a firming yen. For the past year to March 31, corporate tax revenue ...

May 23, 2016

Japan pays least since 2005 for LNG amid price slump

Japan, the world’s biggest buyer of LNG, paid the lowest price in about 11 years for the fuel last month amid a global oversupply. The average price of LNG shipments into the country was about $6.32 per million British thermal units in April, the ...

May 10, 2016

Japan's national debt climbs to a dizzying ¥1,049.37 trillion

Central government debt stood at ¥1,049.37 trillion — or just over 1 quadrillion — at the end of March, up ¥4.78 trillion from three months earlier, the Finance Ministry said Tuesday. The growing debt reflects a lack of financial resources amid ballooning social security ...

Mar 11, 2016

Japan big firms' business sentiment slumps in first quarter

Business sentiment among major Japanese companies in January-March turned negative for the first time in three quarters, affected by stock price falls and the yen’s rise earlier this year, a quarterly government survey showed Friday. The business sentiment index for companies with capital of ...