Nov 25, 2014

OECD downgrades growth forecast for Japan amid recession

The Organization for Economic Cooperation and Development has downgraded its projections for Japan’s economic growth in 2014 and 2015, acknowledging that the country has slipped back into recession in the wake of the April 1 consumption tax hike. The OECD said in a report ...

Sagging yen saps South Korean export muscle

| Nov 23, 2014

Sagging yen saps South Korean export muscle

by Jung Ha-Won

As Japan slips into recession, South Korea is keeping an increasingly wary eye on its export rival’s free-falling currency, which is honing a lasting competitive edge over Korean products in a number of key markets. The massive fiscal stimulus and flood of easy money ...

Nov 12, 2014

Farm chief Koya Nishikawa plots out rural job creation

The Abe administration is considering reforming legal structures in order to create jobs in rural areas, Agriculture, Forestry and Fisheries Minister Koya Nishikawa said in a recent interview. “Creating job opportunities is essential to keeping regional economies vital,” Nishikawa stressed, adding that the administration ...

LDP lawmaker asks Abe to put off next tax hike by 1½ years

Nov 11, 2014

LDP lawmaker asks Abe to put off next tax hike by 1½ years

A Liberal Democratic Party lawmaker is calling on Prime Minister Shinzo Abe to delay the next consumption tax increase “by 1½ years” to achieve the administration’s key policy goal of beating nearly two decades of deflation. Kozo Yamamoto said in a recent interview that ...