Business Topics

Oct 27, 2014

Services producer price index rises 3.5%

The services producer price index rose 3.5 percent in September from a year before, up for the 15th consecutive month, the Bank of Japan said Monday. The index stood at 102.4, against 100 for the base year of 2010, the BOJ said in a ...

Thirteen of Europe's biggest banks fall short in ECB stress tests

Oct 27, 2014

Thirteen of Europe's biggest banks fall short in ECB stress tests

The European Central Bank says 13 of Europe’s 130 biggest banks have flunked an in-depth review of their finances and need an extra €10 billion ($12.5 billion) to cushion themselves against any future crises. Although the landmark review identified only a handful of weak ...

U.S., Australia assure momentum building on TPP trade deal

Oct 26, 2014

U.S., Australia assure momentum building on TPP trade deal

Momentum is building toward a pan-Pacific trade agreement, representatives of Australia and the United States said Saturday as talks between trade ministers began in Sydney. The Trans-Pacific Partnership, which would encompass 40 percent of the global economy and include 12 nations, has been the ...

Oct 21, 2014

China economy grows at slowest pace in five years

China’s economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders’ plans for a controlled slowdown. The third quarter figures, released Tuesday, put China ...

Oct 21, 2014

Abe to gather expert opinions on next sales tax hike

The government will hold a string of meetings with experts in November to discuss the possible effects of raising the consumption tax to 10 percent in October 2015. Prime Minister Shinzo Abe will use opinions gathered in these meetings as a reference for making ...

Government downgrades economic assessment second straight month

Oct 21, 2014

Government downgrades economic assessment second straight month

The government on Tuesday downgraded its assessment of the economy for the second straight month, as the consumption tax hike in April continued to hit consumer spending and industrial production. “The Japanese economy is on a moderate recovery, while weakness can be seen recently,” ...

Oct 21, 2014

September supermarket sales down for sixth month

Supermarket sales fell 1.0 percent in September from a year earlier on a same-store basis, declining for the sixth consecutive month following the April consumption tax hike, an industry body said Tuesday. Sales at 9,262 stores operated by 60 supermarket chains totaled ¥1.016 trillion, ...

GPIF would be 'stupid' to give asset goals first, Ito says

Oct 17, 2014

GPIF would be 'stupid' to give asset goals first, Ito says

The governmental ¥128 trillion retirement fund would be “stupid” to announce its new investment strategy before adjusting asset allocations, says Takatoshi Ito, a top adviser to the Abe administration on overhauling public pensions. Publishing target weightings in advance would move markets, forcing the Government ...