Deregulation of robotics pushed to ease labor shortages

Jan 24, 2015

Deregulation of robotics pushed to ease labor shortages

The government has worked out an action plan that calls for promoting deregulation to expand the use of robot technology to ease labor shortages driven by Japan’s population decline. The action plan, drawn up Friday at a meeting chaired by Tamotsu Nomakuchi, a consultant ...

Jan 19, 2015

Drop in November industrial output revised to 0.5%

Industrial output fell a seasonally adjusted 0.5 percent in November from the previous month, slightly less than a preliminary figure of 0.6 percent, the Ministry of Economy, Trade and Industry said on Monday. The index of output at factories and mines in the month ...

December consumer confidence up for first time in five months

Jan 19, 2015

December consumer confidence up for first time in five months

Consumer confidence improved for the first time in five months in December, the government said on Monday, suggesting Prime Minister Shinzo Abe’s decision to postpone the second stage of the consumption tax hike has eased fears about Japan’s economic outlook. The seasonally adjusted index ...

Tax revenues seen shrinking primary balance to ¥14 trillion

Jan 6, 2015

Tax revenues seen shrinking primary balance to ¥14 trillion

On the back of growth in tax revenue amid improvement in corporate profits, the deficit in Japan’s primary balance is expected to shrink to around ¥14 trillion in fiscal 2015 starting April 1, according to Finance Ministry sources. A fall in the deficit suggests ...

Dec 26, 2014

Job availability rose for second month in row in November

Job availability rose for a second straight month in November, the government said Friday, suggesting firms are seeking to hire more workers as corporate profits improve. The ratio of job offers to job-seekers climbed to 1.12 from 1.10 in October, meaning 112 positions were ...

Inflation drive hampered by recession-hobbled economy

Dec 26, 2014

Inflation drive hampered by recession-hobbled economy

Inflation slowed for a fourth month in November and industrial production and retail sales unexpectedly dropped, based on government data released Friday, pointing to further weakness in an economy Prime Minister Shinzo Abe is trying to revive from recession. Output fell 0.6 percent in ...

Dec 25, 2014

Next stimulus package likely to total ¥3.5 trillion

Japan’s next economic stimulus package is expected to weight in at just ¥3.5 trillion, including some ¥420 billion in new subsidies to help personal spending and reinvigorate regions outside big cities, informed sources said. The previous stimulus package, compiled as part of the supplementary ...

Next year's draft budget unlikely to be cleared until Jan. 14

Dec 11, 2014

Next year's draft budget unlikely to be cleared until Jan. 14

The Abe administration is looking to adopt the draft budget for fiscal 2015 at a Cabinet meeting Jan. 14, assuming the ruling coalition wins Sunday’s election as expected, according to informed sources. In another key step for compiling the budget for the fiscal year ...