NEWSWORTHY
Japan’s current economic expansion confirmed as second-longest since WWII
Japan's current economic expansion has become its second-longest in the postwar era, a government panel concluded Thursday, surpassing the 57-month boom between 1965 and 1970. The panel, which determines the length of periods of economic strength retrospectively, endorsed the view among government officials and economists ...
Japanese government pledges to take 'every measure possible' to ease impact of consumption tax hike
The government pledged Friday to take full measures to alleviate the impact of a planned consumption tax hike in October next year, in a basic policy for its budget compilation work for fiscal 2019. The basic policy, adopted at a Cabinet meeting, said the government ...
Japan's capital spending slowed in July-September quarter following natural disasters
Companies' capital spending slowed in the July-September quarter following a string of natural disasters that weighed on economic activity, government data showed Monday. Investment by all nonfinancial sectors for purposes such as building factories and adding equipment and software rose 4.5 percent from a year ...
Structural reform must follow tax hike
The real issue for the Japanese economy in 2019 is not the tax hike, but how quickly and how determined Team Abe will reassert its promised focus on structural reform.
Government outlines fiscal stimulus to ease impact of Japan's next consumption tax hike
The government has unveiled an outline of fiscal measures it hopes will bolster the economy after next year's consumption tax increase. The measures, which include tax cuts for car owners and rebates on some cashless purchases, will account for roughly ¥2 trillion of next year's ...
The Organization for Economic Cooperation and Development lowered on Wednesday its projection for global economic growth next year, citing headwinds including the ongoing trade dispute between the United States and China. Worldwide gross domestic product is expected to grow a real 3.5 percent in 2019, ...
Abe strikes a 'Belt and Road' balancing act
Tokyo is engaging in Beijing's BRI while also hedging its bets through similar initiatives with other partners.
Most Japan firms remain wary of Trump policy after midterm polls
Most Japanese companies remained cautious Wednesday about the outlook for their U.S. operations after the midterm elections, seeing little possibility of change in President Donald Trump's protectionist policy. "I presume that the impact on the Japanese economy would be very small," Akio Mimura, chairman of ...
Japan can trim stimulus without repeating mistakes
A misstep 18 years ago should not prevent a careful step today.
Shrinking hasn't stopped Japan from growing
More immigration allows much-needed growth in the workforce and a higher consumption tax shores up government finances.
Japan records another month of black ink with ¥1.84 trillion current account surplus
Japan logged a current account surplus of ¥1.84 trillion in August, marking the 50th straight month of black ink, government data showed Tuesday. But the margin of surplus in the current account, one of the widest gauges of international trade, shrank 23.4 percent from a ...
Challenges of a long-running administration
To leave a legacy behind, the Abe administration should rise to the challenge of making the economy better for the next generation.
