LMVH profit jumps as Japan, Europe join China luxury rebound

/ Jul 27, 2017

LMVH profit jumps as Japan, Europe join China luxury rebound

LVMH's first-half profit grew at the fastest rate since 2011 as Japan and Europe joined a luxury industry recovery led by China, showing double-digit sales increases in the second quarter. The world's biggest luxury-goods company said Japan was boosted by promotional activity like staging Louis ...

Household spending in Japan declined again in April

May 30, 2017

Household spending in Japan declined again in April

Household spending dropped again in April, official figures showed Tuesday, as consumers kept a tight hold on their purse strings despite years of government efforts to boost spending. The fresh data attest to what analysts believe is a broader picture of the economy — it ...

Apr 13, 2016

OECD chief calls for consumption tax of 'at least 15%'

The chief of the Organisation for Economic Cooperation and Development suggested Wednesday that Japan raise the consumption tax from the current 8 percent to "at least 15 percent" at some point in the future. Speaking after a meeting in Tokyo with Prime Minister Shinzo Abe ...