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Inheritance tax avoidance, cheap mortgages driving a rental housing bubble

May 23, 2017 - 23:50
Apartment construction is booming as the wealthy rush to invest in rental housing as a way to reduce inheritance tax and banks hand out easy mortgages, but concerns are mounting that excessive supply paired with a shrinking population could soon lead to the bursting of the bubble. (Japan Times)
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Real wages in FY2016 mark 1st rise in 6 years

May 23, 2017 - 23:19
Officials in Japan have released the preliminary results of a nationwide survey on wages. Labor ministry officials say the figure rose for the first time in 6 years in fiscal 2016 after being adjusted for inflation. (NHK)
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Japan, 10 others agree to aim for early effectuation of TPP

May 21, 2017 - 12:03
Ministers from Japan and 10 other signatories to the Trans-Pacific Partnership free trade deal, excluding the United States, which has pulled out of the pact, adopted at their meeting in Hanoi on Sunday a joint statement showing their intention to aim for the TPP's early entry into force. (Jiji)
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Japan Jan.-March GDP up annualized 2.2 pct

May 18, 2017 - 23:21
Japan's gross domestic product in January-March grew 0.5 pct from the previous quarter in price-adjusted real terms, the Cabinet Office said in a preliminary report Thursday. (Jiji)
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Japan is set for its longest run of economic growth in a decade

May 17, 2017 - 03:55
While Japan's failure to spur inflation continues to generate angst about the nation's future, gross domestic product data this week is likely to show that the economy has still managed to eke out five straight quarters of expansion. (bloomberg.com)
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Japan, NZ agree to lead TPP talks without U.S.

May 15, 2017 - 22:51
Japan and New Zealand agreed Monday to lead discussions at a ministerial meeting in Vietnam later this month of the remaining member economies of the Trans-Pacific Partnership to establish the free trade zone without the United States. (Jiji)
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Investment-driven Japan racks up big current-account surplus

May 12, 2017 - 06:05
Japan's current-account surplus is approaching levels last seen a decade ago as corporations reinvest in staggering amounts money earned from stocks and bonds abroad. (Nikkei)
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Abe wants to work with NZ for 11-nation TPP

May 11, 2017 - 23:04
Japan's Prime Minister Shinzo Abe hopes to confirm close cooperation with New Zealand to have the Trans-Pacific Partnership take effect without the participation of the United States. (NHK)
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Japan's gov't debt swells to record Y1,071 tril as of March 31

May 10, 2017 - 23:18
Japan's central government debt stood at a record 1,071.56 trillion yen ($9.4 trillion) at the end of fiscal 2016 in March, the Finance Ministry said Wednesday. (Japan Today)
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Companies squirm as tricky labor law revision on switching employment status closes in

May 10, 2017 - 11:37
The issue of whether to give nonregular workers permanent status has bedeviled companies and employees alike, especially with the end of a five-year waiting period on a labor law revision looming in less than a year. (Japan Times)
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BOJ chief Kuroda jokes that former job at ADB was more exciting

May 8, 2017 - 20:29
Haruhiko Kuroda joked that his previous role running the Asian Development Bank was more exciting than the assignment he's taken on as governor of the Bank of Japan. (Japan Times)
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Japan, China to boost financial ties amid protectionist, North Korean tensions

May 7, 2017 - 01:34
Japan and China agreed to bolster economic and financial cooperation, Japanese Finance Minister Taro Aso said on Saturday, as U.S. President Donald Trump's protectionist stance and tension over North Korea weigh on Asia's growth outlook. (Reuters)
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Japan proposes yen funds to ASEAN members

May 5, 2017 - 22:35
Japan has proposed creating bilateral currency swap arrangements with ASEAN countries to provide funds of up to 4 trillion yen, or about 35 billion dollars, in either dollars or the yen, in times of financial crisis. (NHK)
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Japan steps up push to attract foreign investments

May 3, 2017 - 01:18
Japan will actively court foreign businesses for investments by appointing special advisers to select companies and boosting circulation of English information on the country's up-and-coming industries. (Nikkei)
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Debit card use in Japan nearly doubles in 2 years

May 2, 2017 - 00:41
Debit cards are making gains in the Japanese market thanks to their money management merits, with transactions nearly doubling over two years to 107.56 million in fiscal 2016, according to the Bank of Japan's first payment and settlement statistics report. (Nikkei)
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Married person's average allowance lowest since 2007: survey

May 2, 2017 - 00:30
A survey by Meiji Yasuda Life Insurance Co. has found that the average monthly sum a married person can spend freely is 25,082 yen, lowest since the survey began in 2007. (Jiji)
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Japan wants to lead talks on TPP without US

May 2, 2017 - 00:26
Japan's chief negotiator for the Trans-Pacific Partnership talks says he wants to lead working-level discussions toward the deal's implementation without the United States. (NHK)
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BOJ fears housing bubble amid surging loans for apartment buildings

May 1, 2017 - 01:14
The Bank of Japan is keeping a wary eye on the steep growth of bank loans to finance the construction of apartment buildings and other rental homes. (Japan Times)
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May Day rally in Tokyo calls for end to long work hours

April 30, 2017 - 00:42
Participants in a large-scale May Day rally in Tokyo on Saturday called for eliminating long working hours and correcting unreasonable pay gaps. (Jiji)
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Abe, May agree to promote free trade

April 28, 2017 - 23:50
Japanese Prime Minister Shinzo Abe and his British counterpart, Theresa May, agreed at a meeting in London on Friday that their countries will work together to promote free trade at a time when protectionist moves are growing in the world. (Jiji)
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