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May 08, 2024
 

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U S DEFICIT

BUSINESS / Economy
Jul 20, 2014
Japan to miss 2020 budget surplus goal regardless of sales tax hikes
Japan is unlikely to meet its international commitment to achieve a government budget surplus by fiscal 2020, even if it proceeds with another consumption tax increase, sources said Saturday.
BUSINESS / Economy
May 21, 2014
Import slowdown narrows trade gap
The trade deficit shrank in April as imports rose the least in 16 months, after the consumption tax hike crimped consumer spending, Finance Ministry data showed on Wednesday.
EDITORIALS
May 20, 2014
Shrinking current account surplus
Japan's current account surplus for fiscal 2013 falls sharply from the peak reached just six years ago, indicating that the old export-driven model of economic growth may be over.
BUSINESS / Economy
May 12, 2014
Current account surplus fell 81.3% in fiscal 2013 to hit ¥789.9 billion
Japan's current account surplus in fiscal 2013 was the smallest since comparable data became available in fiscal 1985, as soaring fossil fuel imports drove up the nation's trade deficit amid the prolonged halt of nuclear power plants, government data showed Monday.
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.
Japan Times
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 preliminary report.
Japan Times
BUSINESS
Feb 24, 2014
G-20 looks to press for structural reforms
Japan may be strongly urged by its Group of 20 counterparts to push forward with structural reforms in the near future as fears grow that it will soon become a country with a constant current account deficit.
Japan Times
BUSINESS / Economy / ANALYSIS
Feb 21, 2014
Record trade deficit pressures Abenomics
Japan's record trade deficit adds to sinking consumer confidence and an April consumption tax increase, threatening to undermine Prime Minister Shinzo Abe's bid to engineer a sustained recovery.
Japan Times
BUSINESS / Economy / ANALYSIS
Jan 28, 2014
Huge deficit bodes ill for yen, bonds, rates
Japan's goods trade deficit hit a record high in 2013, sparking fears that the country could fall into a constant current account deficit in the near future.
Japan Times
BUSINESS / Economy
Jan 27, 2014
Record trade deficit of ¥11.47 trillion set in '13
Japan's trade deficit shot to a record high of ¥11.47 trillion ($112.07 billion) in 2013 as a weakened yen and an insatiable demand for energy drove up import costs.
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.
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.
BUSINESS / Economy
Nov 29, 2013
Weak yen, costly fuel to fuel record trade deficit
Japan is likely to post a record trade deficit in fiscal 2013 because the weaker yen and soaring demand for energy have driven up the cost of importing fossil fuels, according to a projection by a trade business group.
COMMENTARY / COUNTERPOINT
Nov 23, 2013
Rookie trio make for a leadership deficit in East Asia
With three new leaders taking power over the past year — in Tokyo, Seoul and Beijing (and a fourth in Pyongyang two years ago) — 2013 was never likely to be a banner year for regional diplomacy. But I didn't expect it to get quite this bad.
BUSINESS / Economy
Aug 19, 2013
Japan's exports rise at greatest pace since 2010 as deficit swells
Japan's exports jumped by the most since 2010 in July, aiding Prime Minister Shinzo Abe's efforts to drive an economic recovery even as rising energy costs boosted the trade deficit.
Japan Times
BUSINESS / Economy
Aug 8, 2013
Abe vows to trim ¥17 trillion; details few
The Abe administration approves a medium-term fiscal reform plan, pledging to narrow the budget deficit by ¥17 trillion over the next two years but offering no specifics on how to improve public finances.
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.
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.
BUSINESS / Economy
Apr 19, 2013
Record trade deficit in 2012
Japan logs a record-high u00a58.17 trillion trade deficit for fiscal 2012 as the Senkakus clash with China and Europe's debt crisis stifled exports.
Japan Times
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.
Tokuryū, a new crime menace in Japan, emerges from the shadows
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
Two more arrested over brutal murder of couple in Tochigi
A vehicle carrying Seiha Sekine, the 32-year-old common-law husband of the deceased Tokyo couple's first daughter, leaves a police station in Tokyo's Shinagawa Ward on Tuesday.
Is Modi’s party heading for a stunning election loss?
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
Thanks, tourists. Views of Mount Fuji are now blocked.
Tourists pose in front of a convenience store with Mount Fuji on Friday in the town of Fujikawaguchiko, Yamanashi Prefecture. Local residents are upset over littering, overcrowding and the inconvenience caused by the visitors.
Nadal to make Rome return against qualifier
Rafael Nadal takes part in a training session on Monday before the start of the Italian Open at the Foro Italico in Rome.
After blockbuster boxing victory, what next for ‘Monster’ Inoue?
Naoya Inoue celebrates his victory over Luis Nery in their IBF-WBA-WBC-WBO super bantamweight title boxing match at Tokyo Dome on Monday.
Xi bristles as Macron and von der Leyen urge China to do more on Ukraine
French President Emmanuel Macron, Chinese leader Xi Jinping and European Commission chief Ursula von der Leyen walk after their meeting in Paris on Monday.
How a Japanese scientist is turning the climate crisis into music
A screencap of a performance of Hiroto Nagai's “String Quartet No. 1 ‘Polar Energy Budget’” by the PRT Quartet
Japan’s tween skateboarders get head start on preparations for 2028 Olympics
Ibuki Matsumoto competes at an event in Osaka on April 21.
Pentagon reveals drone types for Replicator program to counter China
A U.S. Naval Special Warfare Operator fires a Switchblade 300 loitering munition during training exercises in Fallon, Nevada, last July. The U.S. Defense Department plans to use small drones — known in the Pentagon as “all-domain attritable autonomous systems” — to help counter Chinese military systems and tactics.

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