Aug 4, 2015

Major Japanese firms post robust profit growth in April-June

Major Japanese firms posted robust year-on-year profit rises in the April-June quarter due to the yen’s decline, an oil price plunge and fading adverse effects of the consumption tax hike in April 2014, according to data compiled by a major brokerage. The combined pretax ...

Japan trade deficit shrinks 77% to ¥1.73 trillion

Jul 23, 2015

Japan trade deficit shrinks 77% to ¥1.73 trillion

Japan’s goods trade deficit in the January to June period shrank 77.4 percent from a year earlier to ¥1.73 trillion ($13.9 billion), due partly to smaller imports on the back of declining crude oil prices, the government said Thursday. The smaller deficit, which followed ...

Jul 13, 2015

Japan to halt trade insurance for Venezuela

Nippon Export and Investment Insurance, or NEXI, has said it will phase out the underwriting of new trade insurance for deals with Venezuela beginning Tuesday. The decision, announced Sunday, reflects concern that Venezuela, a major oil producer, may fail to fulfill its payment obligations ...

May 25, 2015

All major power, gas suppliers to cut rates for July

All 10 major electricity firms and four gas suppliers plan to cut their rates for July to reflect lower fuel and liquefied natural gas prices. The monthly electricity bill of an average household is expected to fall some ¥300 from the previous month to ...

Apr 3, 2015

Iran nuclear framework deal triggers oil price fall

Crude-oil prices fell Thursday after six world powers and Iran announced they had agreed on a framework to curb Iran’s nuclear drive. The U.S. benchmark, West Texas Intermediate (WTI) for May delivery, shed 95 cents to close at $49.14 a barrel on the New ...

Feb 13, 2015

U.S. stocks approach record as technology, energy shares gain

U.S. stocks climbed back close to record levels on Thursday as technology, materials and energy companies all notched big gains. Cisco Systems led the technology sector higher after reporting better-than-expected earnings. Energy stocks rose as the price of oil rebounded following two days of ...

Jan 26, 2015

Making the most of cheaper oil

The steep fall in crude oil prices has certainly benefited consumers, but Japan needs to develop a wise energy policy that shields it from the vagaries of oil-price fluctuations over the long term.