Japan current account balance back in black

Business / Economy Sep 8, 2014

Japan current account balance back in black

The nation's current account balance was in the black for the first time in two months in July, hitting ¥416.7 billion as the income from foreign investments rose to a record high for the month, outweighing the trade deficit, the government said Monday. Imports increased ...

Aso plans new extra budget to cushion sales tax hike to 10%

Business Sep 5, 2014

Aso plans new extra budget to cushion sales tax hike to 10%

The Abe administration will compile another extra budget to mitigate the economic impact of the October 29015 tax hike, Finance Minister Taro Aso indicated on Friday. "It is necessary to prepare to craft a supplementary budget" this fiscal year, Aso said while expressing his eagerness ...

Business / Economy Sep 1, 2014

Auto sales fall to lowest in three years on sales tax hike

Auto sales tumbled to a three-year low last month, the latest sign that consumer spending is slumping following the April 1 consumption tax increase. Vehicle deliveries fell 9.1 percent from a year earlier to 333,471, the lowest since August 2011, according to industry figures released ...

Business / Economy Aug 20, 2014

Skepticism over Abe's inflation goal grows as price gauge retreats

Traders are growing more skeptical Prime Minister Shinzo Abe will achieve his 2 percent inflation target after a sales tax increase derailed growth. The 10-year break-even rate, a gauge of expectations for consumer-price gains in inflation-linked bonds, dropped to 1.16 percent Tuesday, the lowest close ...

Business / Economy Jul 7, 2014

Tax hike blurs economic outlook as indicators dip

An index of indicators used to predict future economic conditions fell in May for the fourth straight month May, with the first consumption tax hike in 17 years denting optimism, the government said Monday. The index of leading indicators, which predicts economic developments in the ...

Business / Economy Jul 7, 2014

BOJ sanguine on state of regional economies

The Bank of Japan said in a quarterly report Monday that the nation's nine regional economies are still robust despite downward pressure from the April 1 consumption tax hike. The tax hike to 8 percent from 5 percent was expected to dent household and business ...

Business / Economy Jun 12, 2014

Machinery orders drop 9.1% in April after sales tax hike

Core private-sector machinery orders plunged a seasonally adjusted 9.1 percent in April compared with the previous month, with the first consumption tax hike in 17 years blurring the economic outlook, the government said Thursday. Core orders, excluding those for ships and from utilities because of ...

Shoppers start coping with higher sales tax

Business Apr 1, 2014

Shoppers start coping with higher sales tax

by Tomohiro Osaki

Tuesday's hike of the consumption tax to 8 percent saw mixed reactions in Tokyo and Osaka. While consumers in both cities seemed resigned to the increase, there was concern about the additional transportation and food costs. In Osaka, as in other parts of the country, ...