Sep 4, 2014

Abe mum ahead of second stage of tax hike

Prime Minister Shinzo Abe is keeping quiet about whether to he will raise the consumption tax in October 2015 as scheduled, saying only that he will make a final decision while “comprehensively” analyzing the economic situation. Hiking the tax to 10 percent next year ...

Most major firms expect to see economy grow by year-end

Aug 17, 2014

Most major firms expect to see economy grow by year-end

A domestic survey of 106 major companies has found that 100 expect the economy to expand toward year-end, and that 76 do not oppose the government’s plan to complete the doubling of the sales tax to 10 percent in 2015, a poll says. Although ...

Aug 16, 2014

IMF urges Japan to take quick action on structural reforms

The International Monetary Fund has underscored the need for Japan to promote structural reforms quickly in light of its worst gross domestic product contraction in 13 quarters. “With the near-term outlook looking increasingly uncertain, the government needs to move quickly on the third arrow ...

Aug 13, 2014

Homebuyers in Japan seen at risk amid floating-rate loan rush

Japanese homebuyers are piling into floating-rate mortgages, stirring debate over whether they are too complacent as Bank of Japan stimulus revives inflation. The proportion of home loans with adjustable rates climbed to 42.8 percent of Japan’s new lending in February, the highest since December, ...

Aug 6, 2014

Seven major Japanese automakers log profit growth

Seven major Japanese automakers enjoyed year-on-year growth in consolidated operating profit for April-June. Brisk vehicle sales in the United States and Europe more than offset a slump in Japan as well as Thailand and some other emerging economies. Of them, Toyota Motor Co., Suzuki ...

Aug 1, 2014

Japan must hike sales tax again to conquer debt, IMF says

Japan must raise its sales tax again to conquer one of the world’s heaviest public debt burdens, the International Monetary Fund said on Thursday, as it called for deep economic reforms. The recommendations, outlined in the Washington-based fund’s annual country report, come four months ...

Jul 25, 2014

LVMH profit trails estimates as Japan tax hike hits fashion biz

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods company, reported first-half earnings that trailed estimates as the strength of the euro weighed on growth and the first stage of the Japanese tax hike hurt sales of fashion and leather goods. Profit from ...

Jun 14, 2014

Noda says Abe buying into 'voodoo economics'

by William Pesek

Sour grapes are in season in Tokyo as Prime Minister Shinzo Abe’s predecessor steps up and slams the incumbent’s tax plans. However, beneath the bad feelings and twinge of regret, Yoshihiko Noda makes a very timely point when he accuses Abe of buying into ...

BOJ steps up growth 'rhetoric'

May 31, 2014

BOJ steps up growth 'rhetoric'

Japan’s risk of spurring inflation without boosting the nation’s growth potential is raising the stakes for Prime Minister Shinzo Abe’s next round of economic restructuring measures, due in June. An economy “with low real growth rates under mild inflation” is possible, should the government ...