ECONOMY – 5

Nov 23
Japan plans to give a 5 percent reward-point rebate to consumers on some payments made through credit cards and other cashless means as a way of underpinning domestic demand after a planned tax increase next October, government officials said Thursday. (Japan Today)
Nov 15
Between 260,000 and 340,000 foreign workers are estimated to flow into Japan in the five years from next April through an envisioned immigration control law revision aimed at dealing with the country's serious labor crunch, government sources said Tuesday. (Japan Today)
Nov 15
Japan's economy contracted for the first time in 2 quarters. Government officials say a string of natural disasters in the period dented exports and consumer spending. (NHK)
Nov 14
For the first time in almost three decades the Salt Industry Center of Japan has announced it will raise the price on many of its products by around 15 percent, indicating inflation has finally arrived in at least some industries. (Japan Times)
Nov 10
On Oct. 15, Prime Minister Shinzo Abe confirmed during an extraordinary Cabinet meeting that the government would raise the consumption tax from 8 to 10 percent next Oct. 1. (Japan Times)

Nov 05
Japan's government-affiliated financial institution says the 4 major natural disasters that hit the country this year are expected to have a negative impact on the country's economy of more than 10 billion dollars. (NHK)
Nov 04
Missing: A tiny island off Hokkaido. Or so authorities fear, prompting plans for a survey to determine if the outcrop has been washed away, ever so slightly shrinking the country’s territorial waters. (Japan Times)
Nov 01
Japanese consumer goods companies are increasing investment in factories at home, with an eye to exporting to China and other Asian markets where "Made in Japan" products have cachet. (Nikkei)
Nov 01
Japanese farmers expressed concern Wednesday about an expected influx of imports and other effects of a trans-Pacific free trade agreement led by Japan that is set to enter into force on Dec. 30. (Kyodo)
Oct 31
Job availability in Japan improved to a fresh 44-year high in September as companies sought to ramp up hiring, government data showed Tuesday. (Japan Today)

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