Sep 15, 2016

Japan ranks second-lowest in education spending among OECD countries

Japan’s public spending on education ranked the second-lowest among 33 comparable countries, a report for 2013 by the Organisation for Economic Co-operation and Development found. Narrowly avoiding a repeat of 2012 when it placed last, the report, released Thursday, found the nation’s ratio of ...

GDP revised upward to 0.7% for April-June quarter

Sep 8, 2016

GDP revised upward to 0.7% for April-June quarter

Japan’s economy expanded at a better-than-estimated 0.7 percent annualized pace in the April-June quarter, according to revised data showing private demand was stronger than earlier reported. An earlier estimate put annualized growth in the quarter at 0.2 percent. The economy grew at a 2.1 ...

LDP group to reassess how GDP is compiled

Sep 2, 2016

LDP group to reassess how GDP is compiled

The ruling Liberal Democratic Party will form a group by the end of the month to examine how to best collect and compile economic statistics that are used in key measures including gross domestic product, party lawmaker Yoshimasa Hayashi said. Hayashi, 55, added that ...

Japanese factory output disappoints in July

Aug 31, 2016

Japanese factory output disappoints in July

Factory output stagnated in July from the previous month, data showed Wednesday, in a further blow to the world’s third-largest economy. The lackluster result came after a series of disappointing data, which raised a red flag for an economy that stalled in the second ...

Japan's June core machinery orders log first rise in three months

Aug 10, 2016

Japan's June core machinery orders log first rise in three months

Japan’s core private-sector machinery orders rose a seasonally adjusted 8.3 percent in June from May, rebounding from two straight month of decline, the government said Wednesday, led by large orders for transport equipment including rail cars. The orders, widely viewed as a leading indicator ...

| Aug 5, 2016

Abe's latest team faces familiar but daunting task

The biggest economic challenge facing Prime Minister Shinzo Abe’s new Cabinet is all too familiar: how to put the economy on the path to private sector-led growth and overcome deflation. “The government and the Bank of Japan will work in a unified manner to ...

Aug 5, 2016

Major firms plan 10.9% boost in domestic capital spending

Major firms plan to increase domestic capital expenditures by 10.9 percent to ¥17.513 trillion in fiscal 2016, a recent survey says. In what would be the fifth consecutive annual increase, the survey by the Development Bank of Japan found that firms are looking to ...

Quarterly GDP is revised up, showing 1.9% growth

Jun 8, 2016

Quarterly GDP is revised up, showing 1.9% growth

The economy grew slightly more than initially reported for the first quarter, helped by a fractional revision in private consumption and business investment that dropped less than first thought. Gross domestic product expanded by an annualized 1.9 percent in the three months ended March ...