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.
TOKYO/SINGAPORE, Dec 3 (Reuters) – Shoppers browsing in
supermarkets around the world would once have been reassured by
a ‘Made in Japan’ tag.
But a wave of problems such as a recent mislabelling
controversy and festering worries over nuclear contamination
have tainted the nation’s reputation as a food safe-haven.
TOKYO (Reuters) – The failure of solar developers to deliver on planned projects in Japan will cost the country’s utilities close to $3.5 billion annually in additional coal and gas imports to generate power.
Japan’s government banked on solar power to help meet the shortfall in electricity supply after the Fukushima disaster in 2011 shattered public confidence in nuclear energy. The country’s reactors are shut while the government struggles to convince the population the plants are safe to restart.
TOKYO (Reuters) – Japan’s giant trading houses plan to scale back investments in new energy and mineral assets due to weaker than hoped for returns and focus instead on consumer goods, infrastructure and machinery for growth.
The shift away from past years of heavy spending on resources is an attempt by the trading houses to broaden their revenue streams, stem profit declines and boost their lagging shares.
TOKYO (Reuters) – Japanese companies are enthusiastic about Prime Minister Shinzo Abe’s economic-growth plans, although they remain cautious about boosting wages or investment – two elements that are key to securing a sustainable recovery, a Reuters survey showed.
The Japan Inc brownie points for Abe come nearly exactly one year after he jolted financial markets with an election campaign that promised bold policies and then followed through with massive monetary easing and hefty fiscal spending.
TOKYO, Sept 30 (Reuters) – Iran’s top four crude buyers cut
their purchases 16 percent in the first eight months of the
year, with oil shipments likely to remain under pressure in
coming months, despite tentative signs of better relations
between Tehran and Washington.
The U.S. and EU sanctions aimed at curbing Iran’s nuclear
ambitions have forced China, India, Japan and South Korea to
reduce their reliance on Iranian oil, trimming the OPEC nation’s
exports by more than half since early 2012 and costing it
billions of dollars a month in lost revenue.
TOKYO, Sept 27 (Reuters) – Automatic doors are blocked at
offices, subway escalators are disabled and much of the
headquarters of Japan’s biggest utility sits in semi-darkness -
all evidence of how a 2-1/2-year power crunch has forced
companies to re-think their energy use.
As expensive imported fuel has sent corporate electricity
prices surging by more than a third since the Fukushima nuclear
disaster, firms have scrimped and employees have grown used to
sweaters in the winter and open collars in the summer.
TOKYO, Sept 20 (Reuters) – Japanese companies are largely
ignoring Prime Minister Shinzo Abe’s calls for higher wages in
the face of an expected sales tax increase, a Reuters poll
shows, underscoring the difficulties the government faces in
trying to defeat entrenched deflation.
Abe will make a final decision on Oct. 1 about whether to
lift the tax to 8 percent from 5 percent in April. While
necessary to bolster state coffers, the hike threatens to take
the wind out of the success he has had with boosting stocks and
weakening the yen.
TOKYO (Reuters) – Japan should begin preparing to release a massive tide of water from the wrecked Fukushima nuclear plant into the Pacific Ocean, once it regains public trust and can confirm the water has only low levels of radiation, a U.S. adviser to the plant’s operator said on Friday.
Lake Barrett, a former head of the Department of Energy’s Office of Civilian Nuclear Waste Management, spent nearly a decade at the U.S. Nuclear Regulatory Commission and led the clean-up operations after the 1979 partial meltdown at the Three Mile Island nuclear plant. He has been brought in by Tokyo Electric Power (Tepco) to advise it on the lengthy decommissioning process at Fukushima.