Business / Economy May 5, 2017
U.S. raps Japan after March trade deficit hits $7.2 billion
Washington singles out Japan and Mexico for causing trade deficits to expand to intolerable levels in March.
Business / Corporate Jan 29, 2016
Mitsui O.S.K. expects to sink into red ink for business 2015
Shipping giant Mitsui O.S.K. Lines Ltd. said Friday it will fall into the red in the business year ending in March after incurring huge restructuring costs amid deteriorating profitability on sluggish demand linked to China's economic slowdown. The company is forecasting a consolidated net loss ...
Business / Corporate May 14, 2015
Sharp to cut 3,500 jobs after latest loss
by Kazuaki Nagata
The troubled electronics maker said it will act to create new profit-driving ventures, but that its LCD business is likely to continue to weigh heavily on the company.
Business / Economy Aug 8, 2014
Japan logs largest six-month current account deficit ever
Japan logged a current account deficit of ¥507.5 billion in the first half, the biggest for any six-month period on record, government data showed Friday, underscoring its diminishing ability to earn money abroad. It was also the first time since officials started compiling comparable data ...
Business / Economy Mar 10, 2014
Current account runs up biggest deficit ever
Japan posted a record current account deficit in January, marking four straight months of red ink for the first time as soaring demand for energy and the weakening of the yen triggered a surge in import costs, the Finance Ministry said Monday in a ...
Business / Economy Jan 14, 2014
Current-account gap widens to record on weak yen
As imports climbed, the nation's current-account deficit widened to a record in November, underscoring challenges for Prime Minister Shinzo Abe as he tries to drive a sustained economic rebound. The ¥592.8 billion shortfall in the widest measure of trade, reported by the Finance Ministry on ...
Business / Economy Dec 9, 2013
Fuel costs yield deficit in current account
The current account balance logged its first deficit in nine months in October as a surge in fuel imports more than offset increases in exports and direct investment income, government data showed Monday. The deficit in the balance, one of the widest gauges of international ...
Business / Economy Aug 8, 2013
Japan unlikely to achieve debt reduction goal in 2020: Cabinet Office
The government is unlikely to achieve its target of budget deficit reduction in fiscal 2020 even if the sales tax is hiked as scheduled and the economy is on a firm growth path, an estimate by the Cabinet Office showed Thursday. The projection suggests that ...
Business / Economy Jul 31, 2013
Deficit cut mulled as sales tax debate intensifies
The Abe administration is considering an ¥8 trillion target for budget-deficit cuts over the next two years as officials debate how to proceed with the planned consumption tax increases that threaten to take the wind out of the economic rebound. The possible target is based ...
Business / Economy Apr 19, 2013
Record trade deficit in 2012
Japan logs a record-high ¥8.17 trillion trade deficit for fiscal 2012 as the Senkakus clash with China and Europe’s debt crisis stifled exports.
Business / Economy Feb 21, 2013
Nation posts largest-ever monthly trade deficit
Japan registers its largest-ever monthly trade deficit of ¥1.6294 trillion as costs of fossil fuel imports surged with the yen sliding sharply, despite a mild export rebound.