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Japan to cut corporate tax rate below 30 pct

June 13, 2014 - 08:17
The Japanese government and the ruling coalition reached a basic agreement Friday to lower the effective corporate tax rate in the country to below 30 pct from the current 34.62 pct in stages from fiscal 2015, in efforts to attract foreign businesses and boost economic growth. (Jiji Press)
Categories: Japan News

Taste for little luxuries suggest Japan's tax rise hangover fading

June 13, 2014 - 08:05
Bartender Yoshiro Tsuneoka smiled with satisfaction between popping open bottles of champagne. It was midweek, 8 pm, and business was good at the tiny bar in downtown Tokyo. (Reuters)
Categories: Japan News

Tokyo stocks close up 0.83pc on late bargain hunting

June 13, 2014 - 08:03
Tokyo stocks rose 0.83 percent Friday as late bargain-hunting wiped out early losses after Wall Street turned down in concerns over the crisis in Iraq. (brecorder.com)
Categories: Japan News

Nikkei falls to 1 1/2-week low on World Bank''s lower growth forecast

June 12, 2014 - 06:47
Japan`s Nikkei share average fell to a 1 1/2-week low on Thursday after the World Bank`s downward revision of its global growth forecast soured sentiment. (zeenews)
Categories: Japan News

Japan to keep printing money for years to come, so learn to enjoy it

June 12, 2014 - 02:26
There are no one-way bets in global finance, but Japan's stock market comes close. The authorities are about to funnel large sums into Japanese stocks openly and deliberately under the next phase of Abenomics, both by regulatory fiat and by purchasing the Nikkei index directly with printed money. (telegraph.co.uk)
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Beer shipments fell slightly in May

June 11, 2014 - 12:10
Japanese beer makers say the impact of the consumption tax hike in April appears to be waning. (NHK)
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Japan Diet enacts bill on easier residency requirements for foreign experts

June 11, 2014 - 12:07
The Diet, Japan's parliament, enacted a bill on Wednesday to ease permanent residency requirements for highly skilled foreign workers. (Jiji Press)
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Nikkei closes at 15,069, up 74 pts

June 11, 2014 - 06:41
Japanese stock market traded in a narrow range after midday and the Nikkei 225 Stock Average closed at 15,069.48, up 74.68 or 0.5%. (aastocks.com)
Categories: Japan News

World Bank cuts forecasts for global economy, Japan this year

June 11, 2014 - 02:55
The World Bank cut Tuesday its growth forecast for the global economy this year, citing a slowdown in emerging economies as a result of the U.S. downturn following unusually cold weather and the Ukrainian crisis, while also lowering its forecast for Japan. (Kyodo)
Categories: Japan News

Yield, convenience push rise in land prices

June 10, 2014 - 23:45
Recent land price rises in Japan reflect growing demand from buyers who attach weight to yields and convenience, unlike the bubble economy period-in the late 1980s and early 1990s-when land prices were driven upward by speculation, the government said Tuesday. (The Japan News)
Categories: Japan News

Japan urges compromise with US to spur trade pact

June 10, 2014 - 23:22
The U.S. and Japan should reach a compromise in bilateral trade negotiations to help conclude a trans-Pacific free trade pact by year's end, a senior Japanese official said Tuesday. (bostonherald.com)
Categories: Japan News

Giant Japanese fund set to invest more in stocks, foreign bonds

June 10, 2014 - 23:19
Japan's $1.26 trillion public pension fund will likely announce a boost to stock and foreign-bond investments in early autumn, the head of its investment committee said Tuesday, potentially sending tens of billions of dollars into new markets. (Wall Street Journal)
Categories: Japan News

The tax increase isn't killing Japan's recovery

June 10, 2014 - 09:21
Japanese Prime Minister Shinzo Abe's economic revival program received an unexpected boost Monday. Japan's economy grew an annualized 6.7 percent in the first quarter of the year, the government announced. (BusinessWeek)
Categories: Japan News

Overseas tourists offer fresh boost to Japan's economy

June 10, 2014 - 09:18
The last time foreign tourists spent more money in Japan than their Japanese equivalents spent overseas, the Apollo moon landing was still fresh in the memory, Osaka was hosting Asia's first World's Fair and a dollar bought three-and-a-half-times more yen than it does today. (cnbc.com)
Categories: Japan News

Tokyo stocks close down 0.85pc

June 10, 2014 - 06:58
Tokyo shares slipped 0.85 percent Tuesday as profit-taking and a stronger yen erased early gains. (thepeninsulaqatar.com)
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Nikkei hits three-month closing high

June 9, 2014 - 08:07
Japanese shares climbed to a three-month high on Monday following a solid U.S. May jobs report, with investors rotating into growth-sensitive stocks from defensive ones. (Reuters)
Categories: Japan News

Asia's economic strategy beyond free trade agreements

June 9, 2014 - 05:41
The launch of negotiations on the Trans-Pacific Partnership (TPP) (in APEC's backyard led by the United States) and (later) the Regional Comprehensive Economic Partnership (RCEP) (under the umbrella of ASEAN) is dominating thinking about regional integration. (East Asia Forum)
Categories: Japan News

Japan's economy picks up pace

June 9, 2014 - 05:31
Japan's economy grew at a quicker pace than estimated in the first quarter, as business spending increased more than previously reported. (Sydney Morning Herald)
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Sharing corporate tax cut target with Abe: Amari

June 8, 2014 - 00:06
Economic and Fiscal Policy Minister Akira Amari said Saturday that both he and Prime Minister Shinzo Abe hope to bring down Japan's effective corporate tax rate below 30 pct in some five years. (Jiji Press)
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Tokyo stocks close flat

June 6, 2014 - 06:52
Tokyo stocks have closed flat with investors unmoved by the European Central Bank's launch of unprecedented easing measures to ward off deflation in the eurozone. (tradingroom.com.au)
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