Consumer prices inch higher as Kuroda pumps stimulus

Jun 26, 2015

Consumer prices inch higher as Kuroda pumps stimulus

Consumer prices rose fractionally in May, as Bank of Japan Gov. Haruhiko Kuroda tries to generate inflation with unprecedented monetary stimulus. Consumer prices excluding fresh food increased 0.1 percent from a year earlier, the statistics bureau said on Friday, versus forecasts by economists for ...

Jun 9, 2015

Japan consumer confidence fell in May for second straight month

Consumer confidence worsened in May for the second straight month amid rising prices of goods such as food, data showed Tuesday, prompting the government to downgrade its assessment. The seasonally adjusted index of sentiment among households made up of two or more people fell ...

Jun 1, 2015

Fiscal council tells Aso to tame spending

An advisory panel to Finance Minister Taro Aso warned in a report Monday that a proposed government fiscal reform plan that relies excessively on a revenue increase derived from economic growth is “too optimistic.” The panel called on the government to improve fiscal health ...

May 19, 2015

Household savings hit record high in 2014

The average savings of households in 2014 rose 3.4 percent to ¥17.98 million, marking the highest level since officials began compiling comparable data in 2002, the internal affairs ministry said. The savings of households with at least two members grew for the second straight ...

Apr 2, 2015

60% of Japanese cut spending after tax hike: BOJ survey

A Bank of Japan survey revealed Thursday that 59.8 percent of respondents tightened their purse strings after the consumption tax hike in April last year. Of them, 75.3 percent said they were still curbing spending, according to the survey, which was conducted between Feb. ...

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 ...

Jan 13, 2015

Tax hike may have lowered private spending by ¥1 trillion

Last April’s consumption tax hike is estimated to have pushed down private spending by nearly ¥1 trillion for the six months through September, the Cabinet Office said in an annual economic report released Tuesday. The downturn in private spending, which accounts for more than ...

Dec 23, 2014

2015 general account spending to total over ¥97 trillion

The Abe administration is considering setting the scale of general account spending at a record ¥97 trillion to ¥98 trillion in its initial draft for the fiscal 2015 budget, informed sources said. Although the spending is set to reach an unprecedented amount, it is ...

Dec 18, 2014

Next year's budget expected to hit record ¥98 trillion

The general account budget for fiscal 2015 is likely to reach a record high of about ¥98 trillion, exceeding the ¥95.9 trillion initial budget for this year, Finance Ministry sources said. With Prime Minister Shinzo Abe eager to shore up the flagging economy, policy ...

Sep 11, 2014

Republicans rebuff Obama on training Syrian rebels

House Republicans have rebuffed President Barack Obama’s request for explicit approval to train and equip Syrian rebels battling forces seeking creation of an Islamic State and to spend up to $2 billion stabilizing the situation in Ukraine, Iraq and other hotspots, U.S. officials said ...