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May 05, 2024
 

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SALES

BUSINESS / Economy
Jun 14, 2014
Noda says Abe buying into 'voodoo economics'
Sour grapes are in season in Tokyo as Prime Minister Shinzo Abe's predecessor steps up and slams the incumbent's tax plans.
BUSINESS / Companies
Jun 5, 2014
Tanto returns to top sales in May
The Daihatsu Tanto remained Japan's best-selling car in May, taking the top slot for the second month in a row, industry bodies said Thursday.
BUSINESS / Companies
Jun 4, 2014
Buoyant U.S. buyers drive up Japan auto sales
Improving consumer confidence in the U.S. boosted new car sales for Japanese automakers in May, with Toyota Motor Corp. and Nissan Motor Co. posting double digit gains, and Honda Motor Co. rising by 9 percent.
Japan Times
BUSINESS / Economy
May 31, 2014
BOJ steps up growth 'rhetoric'
Japan's risk of spurring inflation without boosting the nation's growth potential is raising the stakes for Prime Minister Shinzo Abe's next round of economic restructuring measures, due in June.
Japan Times
BUSINESS / Companies
May 22, 2014
Burberry profit tops estimates as Bailey settles in as CEO
Burberry Group Plc's new Chief Executive Officer Christopher Bailey outlined Wednesday his growth vision for the U.K.'s largest luxury-goods maker as he reported full-year earnings that exceeded estimates.
BUSINESS
May 8, 2014
Volkswagen protects top spot as imports slide 24.4%
Sales here of new imported vehicles, including those built abroad by Japanese automakers, dropped 24.4 percent in April from a year earlier to 15,578 units, the Japan Automobile Importers Association said Thursday.
Japan Times
BUSINESS
May 8, 2014
Tanto tops auto sales in April
The Daihatsu Tanto was Japan's best-selling vehicle in April, the first time in a year that a minicar has topped the rankings, industry bodies said Thursday.
Japan Times
BUSINESS / Economy
May 1, 2014
Sales at department stores, electronics chains plunge after tax hike
Sales at department stores, electronics shops and auto dealers sank in the first month after the April 1 consumption tax hike after spiking ahead of the deadline.
Japan Times
BUSINESS / Companies
Apr 23, 2014
World first: Toyota tops 10 million sales mark
Toyota Motor Corp. says its global group sales in fiscal 2013 topped 10 million vehicles, becoming the world's first automaker to do so and outselling General Motors Co. and Volkswagen AG.
COMMENTARY / COUNTERPOINT
Apr 12, 2014
Weapons for peace and proactive pacifism
Prime Minister Shinzo Abe has relaxed curbs on arms exports and sees great market potential in Asia. In the Pacific Century, Asia's impressive economic growth is funding expanding defense budgets, making the region the most lucrative global arms market. Alas, it is also a region of significant flash points.
Japan Times
JAPAN / Media / MEDIA MIX
Apr 5, 2014
Fallout from the tax rise may hit in surprising ways
Prior to the consumption tax increase last Tuesday, from 5 percent to 8 percent, Japanese consumers were spending to beat the band. The local business magazine Economist (not to be confused with the English language newsweekly) reports that ¥4 trillion was spent on goods and services in recent months because of the looming tax hike, and estimates "premature spending" will translate into big losses for a lot of companies by the end of the year. A strategist for Daiwa Securities told Asahi Shimbun two weeks ago that the pre-tax increase spree was bigger than expected, and predicts sales of certain goods will "grind to a halt" over the next several months. Financial journalist Nobuko Takahashi told the same newspaper that the "hoarding" brought on by the rush could even lead to health problems. If people stocked up on food and beverages, especially the alcoholic kind, they will feel compelled to consume those products more quickly and in larger amounts than they normally would.
Japan Times
BUSINESS / Companies
Apr 3, 2014
Rakuten bans whale meat
Rakuten notifies sellers it will halt all sales of whale and dolphin meat at the end of the month, after a scathing report by the U.K.-based Environmental Investigation Agency.
Japan Times
BUSINESS
Mar 31, 2014
Shoppers flock to stores ahead of sales tax hike
Consumers flock to stores to make last-minute purchases of luxury and sundry goods ahead of the first sales tax hike in 17 years.
Japan Times
BUSINESS
Mar 31, 2014
Supplier of ¥1 coins ends four-year hiatus for Abe's sales tax hike
Akao Aluminum Co., the only supplier of ¥1 coins, has produced its first batch in four years to meet an expected surge in demand for small change as the consumption tax jumps to 8 percent on Tuesday.
BUSINESS / Economy
Mar 31, 2014
Manufacturing slumps as tax hike looms large
Japan's industrial production fell in February, undercutting economists' forecasts, as the first sales tax hike since 1997 risks stalling the economic recovery.
BUSINESS
Mar 27, 2014
Top three makers boost auto sales
Japan's top three automakers said Thursday their domestic sales in February scored double-digit year-on-year increases thanks to robust demand before April's hike in the sales tax.
Japan Times
BUSINESS
Mar 25, 2014
Stores looking to tourists for big sales
Many major department stores are zeroing in on foreign tourists and other visitors exempt from paying the consumption tax if they spend over a certain amount, anticipating that sales of luxury items will plunge following the sales tax hike next Tuesday.
Japan Times
JAPAN / EXPLAINER
Mar 24, 2014
Selective consumption tax breaks inch closer
The consumption tax is going up to 8 percent next Tuesday, but consumers also have to brace for a another hike in October 2015, when the Abe administration plans to raise it all the way to 10 percent — double what it has been since 1997.
JAPAN / Politics
Mar 24, 2014
76.5% worried about economy after tax hike, poll shows
A total of 76.5 percent of respondents in a Kyodo News opinion poll said they are worried about the future of the economy following the planned consumption tax rate increase to 8 percent from 5 percent on April 1, while 22.4 percent said they are not worried.
BUSINESS / Economy
Mar 19, 2014
Japan logs record trade deficit for month of February
Japan registered a goods trade deficit of ¥800.3 billion in February, a record for the month and up 3.5 percent from a year before, the government said Wednesday, amid growing imports of fossil fuels after the Fukushima nuclear crisis.
With eye on China, defense chiefs agree to bolster interoperability
From left: U.S. Secretary of Defense Lloyd Austin, Australian defense chief Richard Marles, Japanese Defense Minister Minoru Kihara and Philippine Defense Secretary Gilberto Teodoro hold a joint news conference in Honolulu on Thursday.
Harajuku strives to reclaim its former glory — and surpass it
Laforet Harajuku, which celebrated its 45th anniversary last year, has been a witness to the district's evolution over the years.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Debate on constitutional revision at a standstill despite Kishida's pledges
With less than two months left before the conclusion of the current session of parliament, any possibility that Prime Minister Fumio Kishida can deliver constitutional reform before the end of his term as Liberal Democratic Party president in late September, as he has promised, appears remote.
Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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