Business Topics

Dec 15, 2014

Tankan' shows manufacturers' confidence is waning

Confidence among large manufacturers declined in the fourth quarter as the recession offset a boost from the weaker yen, the Bank of Japan’s “tankan” survey showed Monday, underlining the economic challenges for Prime Minister Shinzo Abe after his electoral victory. The tankan index of ...

Oil extends slide below $60

Dec 12, 2014

Oil extends slide below $60

Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009. West Texas Intermediate futures fell as much as 1.9 percent in ...

Next year's draft budget unlikely to be cleared until Jan. 14

Dec 11, 2014

Next year's draft budget unlikely to be cleared until Jan. 14

The Abe administration is looking to adopt the draft budget for fiscal 2015 at a Cabinet meeting Jan. 14, assuming the ruling coalition wins Sunday’s election as expected, according to informed sources. In another key step for compiling the budget for the fiscal year ...

Dec 8, 2014

Lending data bucks recession with help from yen

Bank lending unexpectedly rose at its fastest pace since 2009, a positive sign in an economy that Prime Minister Shinzo Abe is trying to steer out of the deeper than expected recession. Loans, excluding lending by local “shinkin” credit banks that serve consumers and ...

Dec 8, 2014

British economist urges balance in Japan's structural reform

A British economist is stressing the need for the administration of Prime Minister Shinzo Abe to achieve a balance when it promotes structural reform as part its economic growth strategy. “I hope Japan doesn’t have too much structural reform and destroy some of the ...

BOJ's bold monetary easing a great success, economist says

Dec 8, 2014

BOJ's bold monetary easing a great success, economist says

The Bank of Japan’s bold monetary easing steps under Prime Minister Shinzo Abe’s reflationary economic policy package, dubbed “Abenomics,” have brought about great success, according to Yuji Shimanaka, head of the business cycle research body for Mitsubishi UFJ Morgan Stanley Securities Co. “The subsequent ...