CHIBA CITY, Japan, March 6 (Reuters) – When it comes to
trade policy, Prime Minister Shinzo Abe faces a choice between
the fears of Japan’s ageing farm lobby and the hopes of suburban
families lined up here at a nearly 20-metre long meat counter in
a mall showcasing Australian beef.
When Aeon Co set out to open a flagship shopping
mall just outside Tokyo, it wanted the scale to dazzle urban
shoppers. The three-month-old Makuhari New City mall in Chiba is
almost four times larger than the Tokyo Dome, a 55,000-seat
stadium in the heart of the capital.
TOKYO (Reuters) – Fewer than one in five Japanese companies plan to raise base wages in the coming business year, a Reuters survey shows, a stark sign that Prime Minister Shinzo Abe’s stimulus policies are still struggling to gain traction.
Some big names, like Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), are expected to raise base pay, but the bulk of companies in the Reuters Corporate Survey say they will at most raise bonuses, which can easily be reversed if the economic recovery lapses.
TOKYO, Feb 21 (Reuters) – Fewer than one in five Japanese
companies plan to raise base wages in the coming business year,
a Reuters survey shows, a stark sign that Prime Minister Shinzo
Abe’s stimulus policies are still struggling to gain traction.
Some big names, like Toyota Motor Corp, are
expected to raise base pay, but the bulk of companies in the
Reuters Corporate Survey say they will at most raise bonuses,
which can easily be reversed if the economic recovery lapses.
TOKYO (Reuters) – Hundreds of technicians and engineers are camped out in Tokyo hotels trying to revive Japan’s nuclear industry, shut down in the wake of the Fukushima disaster almost three years ago.
It’s proving a hard slog. A new, more independent regulator is in place, asking difficult questions and seeking to impose tougher safety rules on powerful utilities that were largely their own masters for the past 50 years.
TOKYO (Reuters) – Asian buyers cut their purchases of Iranian crude by 15 percent in 2013 and shipments to Tehran’s biggest oil customers are expected to recover only slightly this year, even after a deal with the West eases some sanctions.
China, India, Japan and South Korea together cut imports from Iran to an average of 935,862 barrels per day (bpd) in 2013, government and industry data showed. That would mean a revenue loss of $46 billion for Tehran, based on pre-sanction crude exports of about 2.2 million bpd.
TOKYO (Reuters) – About a quarter of Japanese firms plan to hike capital spending in the next financial year, a Reuters poll shows, a sign of cautiously positive sentiment towards a key engine for the nation’s economic recovery.
Robust capital expenditure is seen as critical to Prime Minister Shinzo Abe’s goal of sustainable economic growth and the survey comes after a surge in core machinery orders for November boosted hopes that such investment is decisively turning upwards.
TOKYO, Jan 17 (Reuters) – In the first concrete moves
towards forming a buyers’ group for liquefied natural gas (LNG),
Tokyo Electric Power Co is proposing to rope in
domestic and foreign firms to jointly procure up to 40 million
tonnes a year of the fuel to cut costs.
The Japanese utility’s plan comes as importers in Asia, the
biggest market for the superchilled fuel, are stepping up
efforts to leverage their buying power to reduce what they say
are inflated prices because of the practice of linking the price
of gas to oil.
TOKYO, Jan 14 (Reuters) – Japan’s use of fuel oil to
generate power is set to fall over the next fiscal year to
levels not seen since before the Fukushima disaster, if enough
of the country’s nuclear reactors are allowed back online.
Demand for low sulphur fuel oil has already dropped as
Asia’s largest listed power utility Tokyo Electric Power Co
(Tepco) leads a switch to coal and gas to cut costs.
TOKYO (Reuters) – Almost two-thirds of Japanese firms expect the Bank of Japan will increase its stimulus in the first six months of 2014, a Reuters poll showed, underscoring the pressure on the central bank to remain the engine of growth under Abenomics.
The results of the monthly Reuters Corporate Survey also showed broad support for the toughest economic policy decision Prime Minister Shinzo Abe is likely to face in the year ahead – pushing ahead with a further sales-tax increase to 10 percent.
TOKYO, Dec 10 (Reuters) – The number of Japanese companies
willing to consider buying electricity from new providers has
jumped from three months ago, a Reuters poll showed, amid
uncertainty on the restarting of nuclear energy and after
power-sector reforms were approved.
The rising corporate interest in non-traditional power
sellers such as Toyota Motor Corp and Panasonic Corp
could further hurt Japan’s regional power monopolies
already reeling from increased thermal fuel costs and the costs
of refitting or decommissioning nuclear power plants.