ECONOMY – 3

Jul 10
Japan expects a primary budget deficit of 2.4 trillion yen in fiscal 2025, even if the country's economy grows by 3 pct or higher annually in nominal terms without adjustment with prices, a Cabinet Office estimate showed Monday. (Jiji)
Jul 06
The latest forecast from Japan's government sees GDP growing by about 1.5 percent in fiscal 2019. Officials expect the current recovery to continue even after the planned consumption tax hike to 10 percent in October 2019. (NHK)
Jul 06
Personnel expenses at Japan's large corporations have grown to their highest level in 16 years as a deepening shortage of workers has forced them to increase pay for part-timers. (Nikkei)
Jul 03
Areas popular with foreign tourists in Japan, such as Tokyo, Kyoto and Okinawa Prefecture, have enjoyed strong growth in land prices year on year, a government report showed Monday. (Jiji)
Jul 03
Demand for new offices pulled up land values in Japan's largest cities, but the country is witnessing polarizing demand as rural areas that lack tourist attractions are left behind. (Nikkei)

Jun 30
Japan's unemployment rate fell to the lowest level in more than 25 years in May in the latest sign of a strengthening economy, government data showed Friday, but rising job availability underscored the shortage of workers amid a shrinking population. (Japan Today)
Jun 30
The Diet, Japan's parliament, enacted on Friday a work style reform bill that Prime Minister Shinzo Abe regards as the most important legislation in its ongoing session. (Jiji)
Jun 30
Trading volume on the Tokyo Stock Exchange has slumped to the lowest level in 14 years, while Shanghai shares have fallen six weeks in a row, underscoring investor concern over U.S.-China tariff tensions. (Nikkei)
Jun 23
The effects of Monday's major earthquake in northern Osaka Prefecture are forecast to push down Japan's real gross domestic product by 183.5 billion yen, SMBC Nikko Securities Inc. has said. (Jiji)
Jun 22
Bank of Japan Governor Haruhiko Kuroda and other central bank chiefs expressed their concerns on Wednesday over escalating trade tensions stemming from U.S. President Donald Trump's protectionist policy. (Jiji)

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