Tetsushi's Feed
Dec 17, 2014

Japan export growth slows, may add to concerns over recession-hit economy

TOKYO (Reuters) – Japan’s exports grew for a third straight month in November from a year earlier, but much more slowly than expected and despite a sharp fall in the yen as slowing demand in Asia and Europe dampened trade.

The 4.9 percent rise in exports was much weaker than a 7.0 percent gain seen by economists in a Reuters poll, slowing from a 9.6 percent gain in October, Ministry of Finance data showed.

Dec 15, 2014

Japan firms promise Abe “utmost efforts” to lift wages, urge reforms

TOKYO (Reuters) – Japanese business leaders have promised Prime Minister Shinzo Abe to do their “utmost” to raise wages and allow suppliers to pass on higher costs, while also urging him to push through labour reforms, according to a draft agreement between the government, business and labour groups.

Abe and business leaders, including Sadayuki Sakakibara, chairman of Toray Industries Inc and the Keidanren business lobby, are scheduled to announce the plan on Tuesday after a meeting in Tokyo, said a draft seen by Reuters.

Dec 15, 2014

Abe coalition secures big Japan election win with record low turnout

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe, brushing aside suggestions that a low turnout tarnished his coalition’s election win, vowed on Monday to stick to his reflationary economic policies, tackle painful structural reforms and pursue his muscular security stance.

But doubts persist as to whether Abe, who now has a shot to become a rare long-lasting leader in Japan, can engineer sustainable growth with his “Abenomics” recipe of hyper-easy monetary policy, government spending and promises of deregulation.

Dec 15, 2014

BOJ survey shows Japan business mood fragile, makes Abe’s task harder

TOKYO (Reuters) – Confidence among Japanese manufacturers worsened slightly in the fourth quarter and firms expect conditions to deteriorate more, highlighting the challenges premier Shinzo Abe faces in reviving the economy a day after his big win in Sunday’s snap election.

The headline index measuring big manufacturers’ sentiment stood at plus 12, down 1 point from three months ago and worse than a median market forecast of plus 13, the Bank of Japan’s closely-watched “tankan” survey showed on Monday.

Dec 12, 2014

Ahead of election win, Japan’s Abe pivots away from painful reforms

TOKYO, Dec 12 (Reuters) – Prime Minister Shinzo Abe is
signalling that retooling Japan’s economy with painful
structural reforms must take a back seat to reviving growth,
even though he is poised to win a big referendum on his economic
policies in an election on Sunday.

In the three weeks since he delayed a sales tax increase and
called the election, Abe has shifted the debate from curbing the
government’s runaway debt to finding ways to stimulate the
economy and put more money in voters’ hands.

Dec 11, 2014

Japan machinery orders tumble in another blow to economy and PM Abe

TOKYO (Reuters) – Recession-hit Japan suffered a fresh blow on Thursday as data showed a key gauge of capital spending tumbled in October – a worrying sign for its recovery given that business investment was a big drag on the economy in the third quarter.

The machinery order data is a stark reminder of the challenges facing Prime Minister Shinzo Abe, who heads into an election on Sunday seeking a fresh mandate for his economic-revival strategy that critics have panned as a failure.

Dec 11, 2014

Japan machinery orders tumble, recession-hit economy slow to recover

TOKYO (Reuters) – Japan’s key gauge of capital spending fell for the first time in five months in October in a sign that business investment may be losing momentum, casting further doubt over Prime Minister Shinzo Abe’s strategy to spark a durable economic recovery.

The 6.4 percent on-month fall in core machinery orders, a highly volatile data series seen as an indicator of capital spending in the coming six to nine months, suggested that the economy is slow to recover from a recession.

Dec 10, 2014

Japan business mood sours as economy struggles with recession

TOKYO (Reuters) – Big Japanese manufacturers grew less optimistic in October-December and foresee conditions worsening in the following quarter, a government survey showed on Wednesday, suggesting that the economy’s recovery from recession will be slow.

The joint quarterly poll by the Ministry of Finance and the Cabinet Office also indicates that the central bank’s key tankan survey due to be released on Dec. 15 may show little improvement in business sentiment in the final three months of this year.

Dec 10, 2014

Japan’s looming benefit cuts an unspoken, unsettling election theme

TOKYO (Reuters) – Hiroko Shinohara frets about one issue Prime Minister Shinzo Abe has noticeably avoided on the campaign trail ahead of Sunday’s election: the need to cut Japan’s generous social welfare program that supports millions of people.

“I hope my own pension is OK, but I need to work as long as I can and save money, just in case,” said Shinohara, 67, as she tended her family’s traditional Japanese sweet shop in Tokyo.

Dec 8, 2014

Japan firms see economy stalled, want Abe to focus on growth: Reuters poll

TOKYO (Reuters) – Japanese companies want Prime Minister Shinzo Abe to do more to boost growth, including steps like income tax cuts, as most think the economy is stalled or in recession after an April sales tax hike, a Reuters poll showed.

Coming ahead of a general election on Sunday in which Abe is seeking a fresh mandate for his reflationary policies, the survey results show strong support for his recent decision to put off a further planned increase to the sales tax by 18 months.