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ECONOMY > Economic Indicators

Japan’s consumption uptick convincing no one

TOKYO — Japan’s government has upgraded its assessment of the economy for the first time in six months in light of healthy consumer spending — though neither the cabinet, the business community nor the public seems truly confident that things are looking up.   “The Japanese economy is on a moderate recovery,” the Cabinet Office’s monthly economic report said, omitting….Read more

  • June 23, 2017
  • , Nikkei Asian Review , 06:35 a.m.
  • English Press

ECONOMY > Economic Indicators

Japan achieves 3rd-longest postwar economic expansion

A Cabinet Office panel of experts on Thursday effectively confirmed that Japan’s current economic expansion continued for the 53rd consecutive month in April, making it the third longest in the postwar period.   The panel, headed by Rissho University Prof. Hiroshi Yoshikawa, judged that Japan did not fall into recession after the consumption tax from 5 percent to 8 percent….Read more

  • June 15, 2017
  • , The Japan News , 7:09 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan’s April composite economic index at highest level in over 9 yrs

Japan’s key composite index of economic indicators rose in April to the highest level in nine years and two months, boosted by robust car and smartphone component production, the government said Wednesday.   The government retained its basic assessment of the economy as “improving” in the preliminary report issued by the Cabinet Office.   The government has maintained the upbeat….Read more

  • June 7, 2017
  • , Kyodo News , 8:13 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan to add debt-to-GDP ratio as fiscal barometer

TOKYO — As its goal to achieve a primary surplus in fiscal 2020 looks increasingly unrealistic, Japan is poised to adopt another fiscal target that is easier to attain — reducing the debt-to-GDP ratio.   The addition is to be included in the basic policy direction draft to be presented Friday to the Council on Economic and Fiscal Policy, a powerful….Read more

  • June 1, 2017
  • , Nikkei Asian Review , 6:54 a.m.
  • English Press

ECONOMY > Economic Indicators

Japan’s jobs-to-applicants ratio highest in 43 years

TOKYO — The active job openings-to-applicants ratio in Japan for April was 1.48 (seasonally-adjusted), hitting its highest level since February 1974, according to data released by the Ministry of Health, Labor and Welfare on Tuesday. March’s figure was 1.45.   The latest data underscores the country’s labor shortage amid the ageing of society and the declining population. April’s ratio exceeds….Read more

  • May 30, 2017
  • , Nikkei Asian Review , 12:00 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan’s net overseas assets increase for the first time in two years

Saturday morning’s Yomiuri reported that the Ministry of Finance announced on Friday that the balance of Japan’s net overseas assets at the end of 2016 grew 2.9% from a year ago to 349.112 trillion, saying that this is the first increase in two years. The paper said the latest figure makes Japan the world’s biggest creditor nation for the 26th consecutive….Read more

  • May 27, 2017
  • , Yomiuri
  • JMH Summary

ECONOMY > Economic Indicators

Gov’t to improve GDP statistics by 2030

The government’s statistical reform promotion committee, chaired by Chief Cabinet Secretary Suga, compiled a final report outlining improvement measures to heighten the accuracy of Japan’s GDP, which indicates domestic economic scale. Mainly, the scope of the statistical data survey will be expanded to better reflect the real state of the economy. Survey methods will be revisited to improve how data….Read more

  • May 20, 2017
  • , Yomiuri , p. 9
  • JMH Translation

ECONOMY > Economic Indicators

Japan automakers spending record $25bn on R&D

NAGOYA, Japan — Research and development spending by seven major Japanese carmakers is expected to total a record 2.85 trillion yen ($25.5 billion) in fiscal 2017 as they scramble for advantage in such technologies as autonomous driving.   The sum is up 7% from fiscal 2016. Honda Motor, Suzuki Motor, Mazda Motor and Subaru are to spend their most ever. Toyota….Read more

  • May 20, 2017
  • , Nikkei Asian Review , 04:26 a.m.
  • English Press

ECONOMY > Economic Indicators

Tokyo stocks tumble on Trump worries

Stocks slumped on the Tokyo Stock Exchange Thursday amid growing risk-averse market sentiment on the back of political confusion surrounding U.S. President Donald Trump.

  • May 18, 2017
  • , The Japan Times
  • JMH Translation

ECONOMY > Economic Indicators

BOJ says economy expanding for 1st time in 9 yrs, but cuts price view

The Bank of Japan upgraded its assessment of Japan’s economy Thursday, using the word “expansion” for the first time since 2008, but it maintained its aggressive monetary easing measures while lowering its already tepid inflation forecasts for the next two years.   In a quarterly economic outlook report, the central bank trimmed its inflation outlook for this year and next.….Read more

  • April 27, 2017
  • , Kyodo News , 19:28 p.m.
  • English Press
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