Business Topics

Jul 15, 2014

Japan, U.S. resume series of talks on farm tariffs, autos

Officials from Japan and the United States resumed a series of meetings Monday to discuss tariffs on agriculture produce under the Trans-Pacific Partnership trade pact, as well as the bilateral trade of cars. The Japanese and U.S. officials followed up a meeting of chief ...

Jul 15, 2014

BOJ stays the course toward 2% inflation

The Bank of Japan on Tuesday kept its record stimulus unchanged and forecast inflation will pick up to its 2 percent price target. The central bank stuck with its goal of an annual increase in the monetary base of between ¥60 trillion and ¥70 ...

Jul 15, 2014

TSE to reduce tick sizes for certain stocks

Tokyo Stock Exchange Inc. will reduce tick sizes next Tuesday for certain major issues on the first section to make trading easier and increase volume. The bourse operator previously reduced tick sizes, the smallest increment by which a stock can move, for certain expensive ...

BOJ expected to tweak economic estimates during policy meeting

Jul 14, 2014

BOJ expected to tweak economic estimates during policy meeting

The Bank of Japan on Monday began a two-day policy meeting to review its growth and inflation forecasts for moderate economic expansion despite the April consumption tax hike. Financial market participants also expect the Policy Board to maintain the BOJ’s ultraloose monetary policy to ...

Jul 14, 2014

Japan's May industrial output upgraded to 0.7% rise

Industrial output rose a seasonally adjusted 0.7 percent in May instead of the initially reported 0.5 percent, the Ministry of Economy, Trade and Industry said Monday. The index of output at factories and mines thus reached 100.0 against the base of 100 for 2010. ...

Jul 14, 2014

Economic data mixed after Japan's sales tax hike

Economic indicators have been sending mixed signals since the consumption tax hike to 8 percent from 5 percent in April, with consumer confidence and employment faring well and household spending and capital investment slumping. Although the government and some private-sector economists remain confident the ...

Jul 12, 2014

U.S. monthly surplus augurs low annual deficit

The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008. The Treasury Department said Friday that its June surplus totaled $71 billion, following a $130 billion deficit in May. The government also ...

Jul 11, 2014

Third-quarter growth may pave way for second stage of tax hike

The economy is likely to grow between July and September at a pace consistent with plans to complete the doubling of the consumption tax to 10 percent in October 2015, a government-affiliated nonprofit group said in a survey. The Japan Center for Economic Research ...

Jul 10, 2014

Energy costs push wholesale prices up 4.6% in June

Wholesale prices climbed 4.6 percent in June from a year earlier, largely due to higher energy costs, the Bank of Japan said Thursday. In notching its 15th consecutive month of growth, the index of corporate goods prices came to 106.3 against the 2010 base ...

May machinery orders plunge a record 19.5%

Jul 10, 2014

May machinery orders plunge a record 19.5%

Japan’s core private-sector machinery orders plunged by a record 19.5 percent in May, the government said Thursday, indicating the first consumption tax hike in 17 years on April 1 is affecting the economic outlook by discouraging companies from beefing up investment. The orders, excluding ...

Restaurateurs, beef and wine vendors hail Australia tariffs deal

Jul 9, 2014

Restaurateurs, beef and wine vendors hail Australia tariffs deal

Japanese restaurant operators, butchers and wine merchants are welcoming the economic partnership agreement signed with Australia on Tuesday, predicting lower prices for imported foodstuffs such as beef and booze. “We may use more Australian beef if tariffs fall,” said an official at Zensho Holdings ...

Jul 9, 2014

WTO heavyweights to launch tariff talks on green goods

Japan and 13 other members of the World Trade Organization said Tuesday that they will start negotiations to cut tariffs on green products such as wind turbines and solar panels. The 14 countries and regions, which includes the United States, the European Union and ...