The Abe administration's capacity for deciding how to raise the birthrate, improve child-care facilities, realize an appropriae work-life balance and promote other "innovations" that enable Japan to solve its many problems is now being tested.
Prime Minister Shinzo Abe has unveiled the so-called third arrow of what has come to be known as Abenomics. It involves the removal of obstacles to growth for business, particularly the easing of regulatory barriers. Expect some officials to resist this initiative.
The Abe administration's decision to cut corporate taxes as a key feature of its economic growth strategy doesn't indicate how a fiscally weak government will make up the lost tax revenue even as households face another consumption tax hike next year.
Japan's gross domestic product for January-March increases by a higher-than-expected 1.5 percent from the previous quarter, driven partly by last-minute purchases by consumers ahead of the three-percentage-point hike in the consumption tax April 1.
As Japan celebrates 50 years of membership in the Organization for Economic Cooperation and Development, which has seen Japan rise to one of the world's largest economies, the nation needs to respond to some tough challenges of its own.
Recent financial market volatility, triggered by a widespread selloff in emerging currencies, has started to raise concerns over the economy despite it having shown signs of overcoming nearly two decades of deflation.
Fears about a possible repeat of the Asian currency crisis in the late ...
The key index of indicators designed to show the current state of the economy rose in December to its highest level in more than five years as companies boosted production and tried to increase employment as their profits recovered, the government said Friday.
The index ...
Thanks to Prime Minister Shinzo Abe's "Abenomics" initiative for national economic recovery, Japan's economy as well as its currency and stock markets started the New Year on a positive note for the first time in a long while.