Negotiators for the 11 signatories to the Trans-Pacific Partnership have agreed to work toward launching the free trade pact early next year. They also assented to preparing for future membership expansion.
Many retailers and consumers in Japan are welcoming the free trade pact with the European Union. They are expecting it to lower prices for a range of gourmet products and provide a boost to the economy.
More than three-quarters of Japanese women of prime age to start families are now in the workforce, signaling a break from the long-running trend of mothers quitting jobs to care for newborn babies.
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)
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)