Systematic cover-up? Labor ministry says officials knew of improper wage surveys for over a decade
The fresh revelation could deal a blow to Prime Minister Shinzo Abe’s administration, already under fire over a related scandal.
U.S. consumers rattled by government shutdown, roiling markets
U.S. consumer confidence tumbled this month to its lowest reading in a year and a half, tested by the partial government shutdown and roiling financial markets. Still, consumer spirits remain robust by historic standards. The Conference Board, a business research group, said Tuesday that its ...
Japan's economy likely in longest postwar expansion phase, government says, as risks loom
The Cabinet Office cut its monthly assessment of exports for the first time in three months as fallout from the U.S.-China trade war spreads.
Executives raise global growth alarm on risks from China and trade to Brexit
Corporate executives are increasingly nervous about the global economic outlook as they see threats multiplying from China to trade to Brexit. While few see recession looming, louder warnings from semiconductors to logistics signal that waning confidence among businesses and consumers is sapping activity. The more ...
U.S. shutdown slashed $11 billion from GDP but most is recoverable, congressional report says
The five-week government shutdown subtracted $11 billion from the U.S. economy, about twice the amount President Donald Trump sought to fund a border wall, an independent congressional body said Monday. However, all but $3 billion, or 0.02 percent of GDP, will eventually be recovered as ...
Last summer's heat wave in Japan helped push appliance shipments to 22-year high
Driven by strong sales of air conditioners, appliance shipments in terms of value reached their highest level in 22 years in 2018, an industry body said Monday. The value, ¥2.45 trillion and up 4.1 percent from a year before, was also boosted by brisk sales ...
Bank of Japan policymakers disagreed over level of bond yields at December meeting
Bank of Japan policymakers disagreed over the appropriate level of bond yields, minutes from their meeting last month show, a sign of the strain on the BOJ's monetary framework as the global economy weakens. One member said long-term yields should be allowed to temporarily turn ...
Retail rout deepens as U.K. and Germany lose thousands of jobs
Europe's retail crisis deepened as companies in the U.K. to Germany are set to cut thousands of jobs as online shopping accelerates erosion of sales from traditional bricks-and-mortar stores. Tesco, the biggest U.K. grocer, will eliminate about 15,000 positions and close meat, fish and delicatessen ...
Emmanuel Macron suggests new Renault chairman be Nissan's, too: report
French President Emmanuel Macron told Prime Minister Shinzo Abe that it would be appropriate for Renault SA's new chairman to also be chairman of Nissan Motor Co., according to Fuji News Network. Macron floated the idea to Abe during a phone call on Friday, the ...
Japan-U.S. talks on bilateral trade deal likely to face delay
Japan and the United States are unlikely to open negotiations on a proposed bilateral trade pact before the end of this month, due chiefly to the prolonged partial U.S. government shutdown.
Prime Minister Shinzo Abe and French President Emmanuel Macron have expressed hope that a management change at Renault SA will work to facilitate cooperation between the French automaker and its Japanese partner, Nissan Motor Co. During 20-minute telephone talks Friday, Abe told Macron that the ...
