Jan 9, 2015

Japanese visas issued in Shanghai hit record high in 2014

The Japanese Consulate General in Shanghai said it issued a record 874,077 visas in 2014, a 2.4-fold jump from the preceding year. Behind the surge was the sharp increase in Chinese tourists to Japan spurred partly by the weaker yen, consular officials said. The ...

Jan 9, 2015

Economy likely to log 0.5% contraction in real terms

In a reversal, the government now expects the economy to shrink around 0.5 percent in real terms for fiscal 2014, downgrading its July forecast of 1.2 percent growth, sources said Friday. If Japan worsens as projected, its inflation-adjusted gross domestic product will shrink for ...

Japan's traders call 2015 pivotal year as oil, yen aid growth

Jan 6, 2015

Japan's traders call 2015 pivotal year as oil, yen aid growth

Japan’s biggest trading houses are calling 2015 a pivotal year for the world’s third-largest economy as cheap oil, easy money and a weaker yen promise to boost growth. Twenty-five years on from the bursting of the bubble economy, which brought decades of deflation, the ...

Weak yen draws surge in foreign tourists

Jan 6, 2015

Weak yen draws surge in foreign tourists

A weaker yen saw more foreigners hopping flights to Japan during the year-end and New Year holidays, the nation’s two main airlines have said. In the holiday period from Dec. 19 to Sunday, the carriers saw foreign passengers increase by 13 percent from a ...

Sales tax hike stymies domestic car sales: JAMA

Dec 22, 2014

Sales tax hike stymies domestic car sales: JAMA

by Kazuaki Nagata

Major Japanese carmakers may have benefited from the yen’s sharp decline this year, but they were also hurt by the consumption tax hike and prospects for the domestic market appear dim, Fumihiko Ike, chief of the Japan Automobile Manufacturers Association, said Monday. “2014 has ...

Dec 5, 2014

Bankruptcies caused by weakening yen set new record in November

Corporate bankruptcies linked to the yen’s slide hit a new record in November, highlighting the strains on small and midsize companies as Prime Minister Shinzo Abe campaigns for re-election on his deflation-busting economic strategy. Forty-two of the companies that failed in November cited the ...

Dec 1, 2014

Dairies seen losing cost battle as Abe weakens yen

apan’s dairies and cake lovers just can’t seem to catch a break. A weakening yen is making it more expensive for farmers to import the U.S. corn their cows eat at a time when record crops have reduced livestock-feeding costs around the world. And ...