Business Topics

Aug 21, 2014

Think tanks revise down GDP outlook for fiscal 2014

Private think tanks have cut their estimates for Japan’s gross domestic product for fiscal 2014 after the economy reportedly shrank at its fastest pace in 13 quarters in April-June. Japan’s price-adjusted real GDP will grow only 0.5 percent in the year ending next March, ...

Aug 21, 2014

July supermarket down fourth month since tax hike

Supermarket sales fell 2.1 percent in July from a year earlier on a same-store basis, declining for the fourth consecutive month since the April 1 consumption tax hike, an industry body said Thursday. Sales at 9,252 stores operated by 60 supermarket chains totaled ¥1.09 ...

Aug 20, 2014

Government eyes commercializing next-generation domestic aircraft by 2030

The technology ministry will launch research and development in fiscal 2015 aimed at commercializing next-generation domestically manufactured passenger airplanes by around 2030, according to ministry officials. Although Mitsubishi Aircraft Corp. is developing small MRJ passenger jets, aircraft development requires a huge amount of money ...

Exports rebound in boost for Abe's policies

Aug 20, 2014

Exports rebound in boost for Abe's policies

Japan’s exports rose more than forecast in July, bouncing back from two straight declines to support an economy that contracted last quarter by the most since the period immediately following the Great East Japan Earthquake in March 2011. Overseas shipments rose 3.9 percent from ...

Aug 20, 2014

Skepticism over Abe's inflation goal grows as price gauge retreats

Traders are growing more skeptical Prime Minister Shinzo Abe will achieve his 2 percent inflation target after a sales tax increase derailed growth. The 10-year break-even rate, a gauge of expectations for consumer-price gains in inflation-linked bonds, dropped to 1.16 percent Tuesday, the lowest ...

Aug 18, 2014

TPP meeting scheduled in Hanoi next month

The 12 nations involved in the Trans-Pacific Partnership free trade initiative will hold a working-level meeting in Hanoi next month, Japanese government officials said Monday. The chief negotiators of the 12 TPP member economies are also expected to meet for 10 days of negotiations ...

Most major firms expect to see economy grow by year-end

Aug 17, 2014

Most major firms expect to see economy grow by year-end

A domestic survey of 106 major companies has found that 100 expect the economy to expand toward year-end, and that 76 do not oppose the government’s plan to complete the doubling of the sales tax to 10 percent in 2015, a poll says. Although ...

Aug 16, 2014

IMF urges Japan to take quick action on structural reforms

The International Monetary Fund has underscored the need for Japan to promote structural reforms quickly in light of its worst gross domestic product contraction in 13 quarters. “With the near-term outlook looking increasingly uncertain, the government needs to move quickly on the third arrow ...

Aug 15, 2014

64% of small firms to issue pay hikes this year: METI

A Ministry of Economy, Trade and Industry survey revealed Friday that 64.5 percent of the nation’s small companies have decided to raise pay this fiscal year, up from 56.8 percent the previous year. “The virtuous cycle of the economy is having a wider impact,” ...

Aug 15, 2014

Ota plugs Malaysia bullet train plan

Transport minister Akihiro Ota said Thursday that he was able to bring a better understanding of the Shinkansen bullet train technology to Malaysia for a project to connect Kuala Lumpur and Singapore with a high-speed train system. During his stay in Malaysia, Ota called ...

75% oppose second stage of sales tax hike

Aug 15, 2014

75% oppose second stage of sales tax hike

Three-quarters of the public is against the second stage of consumption tax hike planned for October 2015, after taking a heavy blow from the first stage in April, according to the latest survey. In a survey carried out by Jiji Press over four days ...