Business / Economy Aug 2, 2016

IMF backs labor, tax reforms to boost Abenomics

The government of Prime Minister Shinzo Abe should step up efforts to revamp the labor market, encourage businesses to raise wages and restore the nation's debt-ridden finances through consumption tax increases as part of efforts to spur the flagging Abenomics policy mix, the International ...

Business / Corporate Jun 29, 2015

Aozora Bank completes repayment of bubble-era bailout

Aozora Bank on Monday finished repaying the government for all the public money injected into its nationalized predecessor, Nippon Credit Bank, during Japan's nonperforming loan crisis in the late 1990s, officials from the lender said. On Monday, Aozora paid back some ¥143.4 billion to complete ...

Business / Economy Apr 15, 2015

OECD urges Japan to implement bold structural reforms

The Organization for Economic Cooperation and Development urged Japan on Wednesday to implement bold structural reforms to boost economic growth and map out a "credible" plan to restore its precarious fiscal health. Noting that the nation's aging population is likely to weigh on economic growth ...

Business Apr 10, 2015

AIIB on agenda of Japan-U.S. summit

Japan and the United States plan to reaffirm the need to ensure fair governance and transparent management in a China-led regional development bank during summit talks between their leaders in Washington later this month, diplomatic sources said. The two allies, in coordinating their positions during ...