Business Topics

May 15, 2015

April wholesale prices fall 2.2% on year

Wholesale prices, excluding the impact of last year’s consumption tax hike, fell 2.2 percent in April from a year earlier for the six straight month of decline, the Bank of Japan said Friday, weighed down by the effects of a plunge in crude oil ...

May 15, 2015

Diet OKs trade agreement with Mongolia

The Diet approved an economic partnership agreement with Mongolia on Friday. The Upper House passed the bilateral free trade pact by a majority vote at a plenary session. The Lower House has already approved the pact. The government will draw up relevant ordinances needed ...

Trade deal helps boost sales of Aussie beef in Japan

May 13, 2015

Trade deal helps boost sales of Aussie beef in Japan

by Aya Takada

Australia is set to strengthen its dominance over the U.S. as Japan’s biggest beef supplier as a trade deal drives shipments toward a four-year high. Imports of Australian chilled beef rose 8 percent last quarter and may reach the highest since 2011 while shipments ...

May 12, 2015

Kepco to raise household electricity rate by 8.36%

Kansai Electric Power Co. will raise the amount it charges households for electricity by an average of 8.36 percent starting June 1, industry minister Yoichi Miyazawa said Tuesday. Higher imported fossil fuel costs are weighing on the firm’s earnings in the absence of nuclear ...

Senate trade vote looms, but won't settle trade debate

| May 12, 2015

Senate trade vote looms, but won't settle trade debate

A much-anticipated Senate vote on trade will pack some suspense Tuesday, but it won’t be the final word, no matter how it turns out. Supporters of President Barack Obama’s trade agenda need 60 votes in the 100-member Senate merely to start a full-blown debate ...

May 11, 2015

Medium-term target expected for 2020 fiscal reform goal

The Abe administration plans to set a medium-term target to achieve its key fiscal reform goal in fiscal 2020, aiming to reduce the ratio of the primary deficit to gross domestic product to around 1 percent in fiscal 2018, sources said Monday. The medium-term ...

Obama says TPP will be a good thing for U.S. exporters

May 9, 2015

Obama says TPP will be a good thing for U.S. exporters

President Barack Obama pressed his case for a U.S.-led Pacific free trade pact on Friday, telling an event in Oregon that a deal will help American exporters to countries such as Japan by removing tariffs and simplifying customs. Obama made his pitch for sealing ...