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Public pension fund reports losses

August 27, 2016 - 01:05
Japanese officials say the country's public pension fund has suffered investment losses of more than 50-billion dollars for the April-June period. They blame plunging global stock markets triggered by United Kingdom's vote to leave the European Union. (NHK)
Categories: Japan News

Consumer prices fall for 5th straight month

August 26, 2016 - 05:56
Japanese inflation continued to disappoint in July, according to data released on Friday, with consumer prices dropping for a fifth straight month in the latest blow to Tokyo's faltering war on deflation. (Japan Today)
Categories: Japan News

Minimum wage to top Y700 nationwide in sharpest rise since 2002, labor ministry says

August 24, 2016 - 23:41
Japan's minimum wage will rise ¥25 on year to ¥823 on average in fiscal 2016, according to the Health, Labor and Welfare Ministry. (Japan Times)
Categories: Japan News

Japan preparing first shot of stimulus under extra budget

August 24, 2016 - 23:04
Japan would inject 4.52 trillion yen ($45 billion) into the economy this fiscal year, mainly through public construction projects, under a supplementary budget proposal approved Wednesday by the cabinet as part of Prime Minister Shinzo Abe's stimulus package. (Nikkei)
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BOJ's Kuroda seeks to address cyberattacks to promote Fintech

August 23, 2016 - 22:39
Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the importance of taking measures against cyberattacks to promote fintech, or innovative financial services using information technology. (Jiji Press)
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Why were smart people suckered by Abenomics?

August 22, 2016 - 23:38
Shinzo Abe doesn't wear a wizard's hat. Nor is the prime minister known to be skilled in sorcery, voodoo or hypnosis. And yet somehow Abenomics entranced millions for nearly three years, none more so than the MBA set in New York and London that should have known better. (Japan Times)
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Yen headed skyward as prospects for intervention recede

August 22, 2016 - 23:24
Growing market speculation that the Japanese government will not intervene in the currency market any time soon is threatening to remove what little downward pressure still remains on the yen. (Nikkei)
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'Sufficient chance' of more BOJ easing in September, Kuroda says

August 22, 2016 - 06:49
There is a "sufficient chance" the Bank of Japan will add to its unprecedented easing at next month's policy meeting, Gov. Haruhiko Kuroda said in a recent interview published in the Sankei newspaper. (Japan Times)
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Falling supermarket prices add to BOJ's woes

August 19, 2016 - 01:17
Japanese shoppers are paying less for everyday goods as companies lose their will for price hikes amid anemic wage growth, a development that likely will factor into the Bank of Japan's upcoming policy review. (Nikkei)
Categories: Japan News

Japan logs trade surplus of 513.5 billion yen in July

August 18, 2016 - 04:13
Japan logged a customs-cleared trade surplus of 513.5 billion yen in July, compared with a deficit of 261.4 billion yen a year before, the Ministry of Finance said Thursday. (Jiji Press)
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Renho says 'Abenomics' has stalled

August 18, 2016 - 00:45
The clear favorite to become the first female leader of Japan's biggest opposition party believes Prime Minister Shinzo Abe's signature "Abenomics" policy has stalled and a change of gear is needed to favor people over corporations. (Japan Today)
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Record number of foreign trainee employers violate labor laws

August 17, 2016 - 00:45
A record number of employers that accept trainees under Japan's Technical Intern Training Program for foreigners violated labor laws in 2015, the labor ministry said Tuesday. (Jiji Press)
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Japan ekes out weak 0.2 percent GDP growth in last quarter

August 15, 2016 - 06:07
Japan's economy grew at a slower than forecast 0.2 percent annual rate in the April-June quarter, as the recovery was sapped by weaker exports and business investment, the government said Monday. (Japan Times)
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Japan's plunging jobless rate is due to aging, not Abemonics

August 10, 2016 - 07:35
As Prime Minister Shinzo Abe sees it, the tight labor market is a key success of his economic strategy: The unemployment rate is the lowest in 21 years and the job-to-applicant ratio is the highest in 25 years. (Japan Times)
Categories: Japan News

Largest surplus since 2008 crisis

August 8, 2016 - 12:44
Japan's Finance Ministry officials say the account surplus for the first half of the year was the highest since the global financial crisis. (NHK)
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Japan's real wage growth in June highest in 69 months

August 5, 2016 - 08:49
Japan's price-adjusted real wage index in June rose 1.8 pct from a year before, posting the sharpest growth since the 1.9 pct increase in September 2010, the Ministry of Health, Labor and Welfare said in a preliminary report Friday. (Jiji Press)
Categories: Japan News

Private sector-led economic growth biggest task for Abe's new cabinet

August 4, 2016 - 23:26
The biggest economic policy challenge for Japanese Prime Minister Shinzo Abe's new cabinet is how to put the country's economy on a private sector-led growth path and overcome deflation. (Jiji Press)
Categories: Japan News

Japan biz sentiment up for 1st time in 4 months in July

August 3, 2016 - 23:52
Japan's business sentiment improved for the first time in four months in July, thanks to receding adverse effects of such events as the Kumamoto earthquakes, Britain's vote to exit from the European Union and fuel economy scandals, a private research firm said Wednesday. (Jiji Press)
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Abe's Cabinet approves 28 tril. yen stimulus package

August 2, 2016 - 13:02
Prime Minister Shinzo Abe's Cabinet approved an economic stimulus package worth 28.1 trillion yen ($274 billion) on Tuesday, focusing on infrastructure investment and enhanced welfare services in the government's latest bid to pull Japan out of deflation. (Kyodo)
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Spending by child-raising families in deep slump: white paper

August 2, 2016 - 12:59
Personal consumption is in an especially serious slump in Japan among families raising small children and households of nonworking people in their early 60s, the government said in an annual report on Tuesday. (Jiji Press)
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