Japan Inc. builds mountain of cash

Business Dec 20, 2013

Japan Inc. builds mountain of cash

Japanese companies' cash holdings rose to a record last quarter, highlighting Prime Minister Shinzo Abe's struggle to spur the investment and wage increases needed to end a 15-year deflationary malaise. Corporate holdings of cash and deposits rose to ¥224 trillion, up 5.9 percent from a ...

Abe betting this tax hike will be different

Business / Economy Sep 30, 2013

Abe betting this tax hike will be different

It's different this time. The four most dangerous words in markets, according to former U.S. Treasury Secretary Larry Summers. With the consumption tax set to be raised for the first time since 1997, Prime Minister Shinzo Abe's political future rides on a different outcome than ...

Abe's return could ease yen, aid exporters

Business Dec 22, 2012

Abe's return could ease yen, aid exporters

The economy has shrunk almost 10 percent in the half decade since Shinzo Abe was last prime minister, as a soaring yen hollows out manufacturing. Abe's return may be exporters' best chance yet to halt the damage. Abe's calls for unlimited central bank liquidity have ...

Business Jun 13, 2012

Stimulus advocates tapped for BOJ slots

The government has nominated two economists to the Bank of Japan's Policy Board who have previously signaled support for stimulus, underscoring forecasts for policy makers to expand asset purchases in coming months. Prime Minister Yoshihiko Noda's administration on Monday tapped Takahide Kiuchi of Nomura Securities ...

Business Mar 31, 2012

Output fall clouds recovery

Industrial production unexpectedly dropped in February, undercutting signs of an economic rebound in the first quarter as policymakers assess whether to apply further stimulus. Factory output slid 1.2 percent from the previous month, the Ministry of Economy, Trade and Industry said Friday, after a 1.9 ...

Business Mar 26, 2011

Shirakawa snubs '30s-style JGB-buying for rebuilding

Bank of Japan Gov. Masaaki Shirakawa is under fire for refusing to consider 1930s-style purchases of government bonds to fund reconstruction from the nation's largest earthquake on record. Shirakawa repeatedly attempted to quash direct buying of government debt, a step allowed in extraordinary circumstances with ...

Business Jun 17, 2010

Kan may need ¥7 trillion tax hike

Prime Minister Naoto Kan may have to raise taxes by as much as ¥7 trillion to fulfill his pledge to cap bond sales in coming years, according to an independent adviser to the government. Kan has committed to holding new bond sales to ¥44.3 trillion ...

JBIC vows to help companies regain global edge

Business Apr 15, 2010

JBIC vows to help companies regain global edge

The Japan Bank for International Cooperation will take more risks to help companies win overseas projects after they lost bids in Abu Dhabi and Vietnam, the head of the state-run lender said. "We are going to take risks that cannot be taken by the private ...

Business Sep 26, 2009

Strong yen weighs on exporters

Exporters are in danger of being left behind by a global trade recovery as the nation's change in government ushers in a tolerance for exchange-rate gains that threaten to erode their profits. Exports fell 36 percent in August from a year earlier, the Finance Ministry ...