Business Topics

Feb 21, 2015

Tentative West Coast port deal reached

Negotiators reached a tentative contract covering West Coast dockworkers on Friday evening, likely ending a protracted labor dispute that snarled international trade at seaports handling about $1 trillion worth of cargo annually. The breakthrough came after nine months of negotiations that turned contentious in ...

Greece, eurozone nations settle their differences —for now

Feb 21, 2015

Greece, eurozone nations settle their differences —for now

Following weeks of recrimination and distrust, Greece and its creditors in the 19-nation eurozone reached an agreement Friday on extending the country’s rescue loans, a move that should dramatically ease concerns that it was heading for an exit from the euro as soon as ...

Feb 18, 2015

Big firms face pay-hike calls as 'shunto' labor talks begin

Large firms kicked off their annual wage talks Wednesday, with labor unions demanding a pay-scale hike amid Prime Minister Shinzo Abe’s repeated calls for an increase in salaries that would help boost consumption and shore up the economy. Workers at major automakers including Toyota ...

Feb 18, 2015

Diet ready to take up tax reform legislation for fiscal 2015

Tax reform legislation for fiscal 2015 that would cut the corporate tax rate and formalize the delay in hiking the consumption tax has made it to the Diet, with the Abe administration looking for quick approval. The Cabinet approved the proposed legislation Tuesday. It ...

Feb 17, 2015

Household spending logs biggest drop in eight years

Household spending in 2014 declined at its fastest pace in eight years, official data showed Tuesday, underscoring the impact of the first consumption tax hike in nearly two decades. The figures come a day after the government said the economy limped out of recession ...

Feb 17, 2015

Tariffs, other hurdles still remain in TPP talks, government official says

Japan and the United States remain divided over tariffs and issues such as intellectual property rights in their negotiations on the proposed Trans-Pacific Partnership, according to a Japanese government official. Kazuhisa Shibuya, a councilor at the Cabinet Secretariat and member of the government’s task ...

Feb 16, 2015

Survey suggests more firms planning pay hikes in fiscal 2015

An annual survey has found that a record 48.3 percent of the responding companies in are planning salary hikes for regular workers in fiscal 2015, credit research company Teikoku Databank Ltd. said on Monday. The proportion was higher than 46.4 percent seen in the ...

Feb 16, 2015

December industrial output rise revised down to 0.8%

The nation’s industrial output rose a seasonally adjusted 0.8 percent in December from the previous month, revised down from a preliminary 1.0 percent gain, the trade ministry said on Monday. The index of output at factories and mines stood at 98.7 against the base ...

Feb 13, 2015

BOJ sees extra stimulus as counterproductive for now

by Masahiro Hidaka

Bank of Japan policymakers view further monetary easing to shore up inflation as a counterproductive step at present, amid concern it could trigger declines in the yen that damage confidence, sources said. The yen strengthened after the remarks, which indicate a possible shift in ...