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ECONOMY

DAILY REPORTS
Jan 05
Tokyo stocks edged down for a third straight decline on Monday, the first trading day of 2015, as investors remained reluctant to take risks amid political uncertainty in Greece. (Kyodo)
Jan 04
Japan Business Federation chairman Sadayuki Sakakibara has expressed his confidence that the country's economy will grow beyond expectations in 2015. (smetimes.in)
Dec 28
Japanese and Chinese officials agreed Sunday to step up cooperation on energy-saving and environmental measures during a major governmental meeting, the first since their leaders held talks last month. (Kyodo)
Dec 28
The Japanese government has approved an economic stimulus package worth 3.5 trillion yen, or about 29 billion dollars. (NHK)
Dec 27
The ruling Liberal Democratic Party's tax panel plans to cut Japan's corporate tax rate by more than 3 percentage points in fiscal 2015 and 2016, lawmakers said Friday. (Kyodo)
Dec 26
Japan's government has compiled measures aimed at reviving the nation's regional communities. (NHK)
Dec 26
Japan fell to 19th in dollar-denominated per capita nominal gross domestic product in 2013 among 34 member economies of the Organization for Economic Cooperation and Development, down from 13th in the previous year, the Cabinet Office said Thursday. (Jiji Press)
Dec 26
The Japanese government and ruling coalition decided Thursday to increase classifications for tax breaks for eco-friendly vehicles and introduce stricter fuel economy standards, in a bid to secure tax revenue growth. (Jiji Press)
Dec 23
The Japanese government has decided to extend the application of the social identification numbering system to individual bank accounts, it was learned Monday. (Jiji Press)
Dec 23
The Japanese government is considering setting the scale of general-account spending at 97 trillion to 98 trillion yen in its fiscal 2015 initial budget draft, to be adopted at a cabinet meeting as early as Jan. 14, informed sources said Monday. (Jiji Press)
Dec 22
The government and the ruling parties will likely add the minivehicle tax to the list of taxes subject to reduction for eco-friendly cars, starting in fiscal 2015, government sources said. (The Japan News)
Dec 19
Japan's Prime Minister Shinzo Abe says from next spring he will designate special local zones where the government promotes deregulation and supports regional economic revival. (NHK)
Dec 19
The Bank of Japan decided Friday to maintain its easy monetary policy and assessment of the economy, upgrading part of its evaluation of economic activities at its last policy meeting of the year. (Kyodo)
Dec 19
Tokyo shares ended Friday sharply higher on weaker yen and the U.S. Federal Reserve's assurance that it could be patient in raising its key interest rate. (shanghaidaily.com)
Dec 19
Financial assets held by Japanese households rose to a record high at the end of September. (NHK)
Dec 18
The Nikkei index rallied sharply to retake the 17,000 level Thursday as the U.S. Federal Reserve signaled it was in no rush to raise its key interest rate. (Nikkei)
Dec 18
Japan's trade balance remained in the red for the 29th straight month in November. That's the longest streak since comparable data became available in 1979. (NHK)
Dec 17
Japan's exports grew 4.9% in value in November but fell 1.7% by volume, the latest indication that a weaker yen has failed to stoke exports and real economic activity. (Wall Street Journal)
Dec 17
The Japanese government has revised upwards its tax-revenue estimates for the current fiscal year. Officials say revenue will exceed the projection they made late last year by 1.7 trillion yen, or about 14.5 billion dollars. (NHK)
Dec 17
Total direct foreign investment in China is up marginally this year. But that from Japan continues to decline. (NHK)
Dec 16
Japan's Prime Minister Shinzo Abe has asked leaders of the business community to continuously raise worker wages. Business leaders pledged to make their utmost efforts to do so. (NHK)
Dec 16
Tokyo stocks sank 2.01 percent Tuesday, following heavy losses on Wall Street and a plunge in oil prices, while a stronger yen hit exporters. (globalpost.com)
Dec 16
Prime Minister Shinzo Abe got down to work on Monday to launch his third Cabinet, following the Liberal Democratic Party and Komeito's resounding victory in Sunday's House of Representatives election. (The Japan News)
Dec 16
The government is considering a system that would reduce the taxable income of a household's main breadwinner by a specific sum regardless of how much their spouse earns, government sources said. (The Japan News)
Dec 15
Tokyo stocks closed 1.57 percent lower Monday as investors shrugged off Prime Minister Shinzo Abe's widely expected weekend election win and focused on drops on Wall Street and lower oil prices. (thepeninsulaqatar.com)
Dec 15
While overcoming deflation may be Prime Minister Shinzo Abe's top priority, taming rampant government debt will pose no less of a challenge. (Nikkei)
Dec 14
Trade officials from countries belonging to the World Trade Organization have postponed a deal to eliminate tariffs on high-technology products. (NHK)
Dec 14
The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be under way. (gulfnews.com)
Dec 12
Once at the forefront of the fight again global warming, Japan is now facing calls from other big economies such as China to set fresh emissions targets as Tokyo increases its use of dirty coal energy to replace nuclear. (smh.com.au)
Dec 11
Tokyo stocks fell 0.89 percent Thursday, with exporters hurt by a stronger yen and as investors booked year-end profits. (brecorder.com)
Dec 11
Japan's seasonally adjusted core machinery orders in October fell 6.4 pct from the previous month, the Cabinet Office said Thursday. (Jiji Press)
Dec 10
Yuka Suzuki, 47, has virtually no savings, earns about half the average national wage and cannot see where the money will come from to retire one day. (Japan Times)
Dec 10
Tokyo shares closed down 2.25 percent on Wednesday following a sell-off across global markets, while a stronger yen pressured exporters. (brecorder.com)
Dec 10
Fitch Ratings said Tuesday that it has placed its A plus sovereign credit rating on Japan under negative watch for a potential downgrade, citing the country's delay in a consumption tax rate hike. (Jiji Press)
Dec 09
Tokyo stocks closed 0.68 percent lower Tuesday as traders took their cash off the table after racking up seven successive gains, while Wall Street retreated from record highs. (brecorder.com)
Dec 08
Tokyo stocks have closed flat with buying prompted by strong US jobs data and a weak yen fizzling. (theaustralian.com.au)
Dec 08
The contraction in Japan's economy last quarter was larger than initially estimated, according to figures released on Dec. 8 that confirmed a recession ahead of a weekend Lower House election. (Asahi)
Dec 07
In the early years of the 21st century, such neologisms as nyū puā (new poor) and wākingu puā (working poor) began appearing in the Japanese media. Like their equivalents overseas, the terms were typically applied to people unable to realize a decent livelihood while holding down a job, or even more than one job. (Japan Times)
Dec 07
A quarter of Japanese believe they are working at so-called "black" companies with sweatshop-like working environments or inadequate wages, a labor union survey has shown. (Jiji Press)
Dec 06
The dollar has briefly climbed to the upper 121-yen level following the strong US jobs data for November. (NHK)
Dec 06
The composite index of coincident economic indicators for October rose 0.4 point from September, up for the second straight month, thanks to a pickup in production, the Cabinet Office said Friday. (The Japan News)
Dec 06
The yen's incessant slide is widening the gap between large corporations, which benefit from a soft currency, and smaller businesses and households that will see their finances squeezed. (Nikkei)
Dec 05
The yen turned sharply weaker against major currencies after Prime Minister Shinzo Abe returned to power in late 2012. (NHK)
Dec 05
Greenhouse gas emissions in Japan in fiscal 2013 rose 1.6 pct from the previous year to the equivalent of 1,395 million tons of carbon dioxide, hitting a record high since the statistics began in fiscal 1990, the government said Thursday. (Jiji Press)
Dec 05
The dollar has briefly climbed above the 120-yen level. This is the first time in about 7 years and 4 months the US currency has entered that trading band. (NHK)
Dec 04
Tokyo stocks rose 0.94 percent Thursday, notching up a five-day winning streak and hitting a fresh seven-year high thanks to a lower yen and record close on Wall Street, while reports said Japan's ruling coalition was set for a win in December elections. (globalpost.com)
Dec 04
US President Barack Obama has voiced concern about the possible negative impact on the US economy of economic slowdowns in Japan and Europe. (NHK)
Dec 03
Tokyo stocks rose 0.32 percent Wednesday, notching up a four-day winning streak and hitting a fresh a seven-year high, thanks to a lower yen and record close on Wall Street. (brecorder.com)
Dec 02
Tokyo stocks rose 0.42 percent Tuesday to close at a fresh seven-year high, casting off early losses as investors remained upbeat despite Moody's downgrade of Japan's credit rating and five commercial banks. (brecorder.com)
Dec 01
Moody's Investors Service Inc. said Monday it has revised downward its credit rating on Japanese sovereign bonds by one notch to A1 from Aa3 with stable outlook, citing uncertainty over the nation's ability to restore its fiscal health. (Kyodo)
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