Jul 27, 2015

School personnel work at least 10 hours a day: survey

School personnel working at elementary or junior high schools spend 10 to 13 hours at school per day on average, with an extra two hours of work at home, an education ministry survey revealed Monday. The ministry called on boards of education to streamline ...

Is hospitality sapping productivity in Japan?

Jul 15, 2015

Is hospitality sapping productivity in Japan?

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Customers are gods, as a saying goes in Japan, where staffers press buttons for shoppers in department store elevators and hotel porters line up to bow to guests. While Japan is revered for this hospitality, or omotenashi, all that bowing and scraping may be ...

Jun 3, 2015

OECD cuts global economic outlook amid subdued investment

The Organisation for Economic Co-operation and Development on Wednesday slashed its economic outlook for the global economy, citing subdued investment amid doubts over the prospects for stronger growth. It also downgraded expectations for GDP growth in Japan. The OECD now expects the world economy ...

Apr 15, 2015

OECD urges Japan to implement bold structural reforms

The Organization for Economic Cooperation and Development urged Japan on Wednesday to implement bold structural reforms to boost economic growth and map out a “credible” plan to restore its precarious fiscal health. Noting that the nation’s aging population is likely to weigh on economic ...

Apr 9, 2015

Japan's ODA spending off 30.6% in 2014

Japan disbursed $15.630 billion under its official development assistance program in 2014, down 30.6 percent from the year before, the Organization for Economic Cooperation and Development said Wednesday. Among the 28 member countries of the OECD’s Development Assistance Committee, Japan was the fourth-biggest ODA ...

OECD upgrades Japan's growth outlook for 2015, 2016

Mar 19, 2015

OECD upgrades Japan's growth outlook for 2015, 2016

The Organization for Economic Cooperation and Development on Wednesday upgraded its growth outlook for the economy for 2015 and 2016, aided by lower oil prices that are expected to boost global demand. In its interim economic assessment report, the Paris-based organization said Japan’s economy ...

Feb 10, 2015

OECD urges Japan to reduce farming subsidies, boost female workforce

The Organization for Economic Cooperation and Development on Monday called on Japan to “reduce producer support to agriculture” and boost the number of women in the nation’s labor force. In its “Going for Growth” report for 2015, the OECD said public support accounts for ...

Jan 19, 2015

Japanese companies doing more firing than hiring: OECD

More than half of Japanese who are laid off will still be out of work a year later, according to a report released Monday that also says companies must be more flexible if the economy is to improve. The findings come as Prime Minister ...

OECD downgrades growth forecast for Japan amid recession

Nov 26, 2014

OECD downgrades growth forecast for Japan amid recession

The OECD 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 international economic organization said in a report released Tuesday that ...