Business Topics

Nov 23, 2014

Government plans subsidies to create 60,000 jobs in rural areas

The government is considering a new subsidy program aimed at creating 60,000 jobs in rural areas, according to sources. Under the initiative, the government would provide subsidies to companies hiring people who moved from urban agglomerations to rural districts. The government would shoulder half ...

China's central bank jumps on growth-boosting bandwagon

Nov 22, 2014

China's central bank jumps on growth-boosting bandwagon

China’s central bank unexpectedly slashed interest rates on Friday to re-energize the world’s No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. On top of the rate cut, Chinese authorities ...

October trade deficit narrows on 10% surge in exports

Nov 20, 2014

October trade deficit narrows on 10% surge in exports

The trade deficit narrowed sharply in October, data showed Thursday, as a weaker yen boosted exports while lower oil prices brought down Japan’s massive energy bill. The figures marked a bright spot among otherwise gloomy recent data, including GDP figures earlier this week that ...

Nov 18, 2014

Japan recession news a drag on global stocks

Japanese shares underperformed global markets Monday after figures showed the country unexpectedly slid into recession in the third quarter of the year. KEEPING SCORE: Following the dramatic 3 percent fall in Tokyo’s benchmark Nikkei index to 16,973.80, European shares started the new week in ...

Nov 17, 2014

Business leaders are prepared to tax hike delay by Abe

The head of the nation’s largest business lobby said Monday it would accept a decision by Prime Minster Shinzo Abe to delay a second consumption tax hike. Sadayuki Sakakibara, who heads Keidanren, said at a news conference in Nagoya that the organization still believes ...

Australia, China sign landmark free trade deal

Nov 17, 2014

Australia, China sign landmark free trade deal

China and Australia on Monday signed a declaration of intent on a landmark free trade deal more than a decade in the making, opening up markets worth billions to Australia and loosening restrictions on Chinese investment. The deal will open up Chinese markets to ...