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ECONOMY

DAILY REPORTS
Jul 04
Tokyo stocks rose 0.58 percent to a more than five-month high Friday after strong US jobs data sparked another record-breaking advance on Wall Street and a dollar rally against the yen. (brecorder.com)
Jul 04
Japan became an investors' darling in 2013 on the heels of Shinzo Abe being elected in December 2012 and enacting a platform of economic change and reform known as Abenomics, which comprised Abe's "three arrows." (seekingalpha.com)
Jul 03
Tokyo stocks closed down 0.14 percent on Thursday, giving up early gains as profit-taking overshadowed another record close on Wall Street, although the weaker yen supported exporters. (thepeninsulaqatar.com)
Jul 02
Tokyo stocks closed 0.29 percent higher on Wednesday, as the yen weakened and after Wall Street put in a strong performance with the Dow and S&P 500 powering to new record finishes. (The News)
Jul 02
Japanese companies expect consumer prices in the country to have risen 1.5 percent on average in a year's time, unchanged from three months ago and well below the Bank of Japan's 2 percent inflation target, data released by the central bank showed Wednesday. (Kyodo)
Jul 02
Japan's monetary base increased to a record 233.25 trillion yen in June, up 42.6 percent from a year earlier, the Bank of Japan said Wednesday, as the central bank attempts to boost the economy by providing huge amounts of money. (Nikkei)
Jul 02
The government on Tuesday launched a voluntary power-saving campaign for businesses and households in all parts of Japan except Okinawa, in order to conserve electricity. (Japan Today)
Jul 02
The prime ministers of Japan and Bhutan plan for the foreign ministries of their countries to work together to increase economic cooperation. (NHK)
Jul 01
Land prices in Japan's three major metropolitan areas of Tokyo, Osaka and Nagoya as of Jan. 1 logged year-on-year increases, although the average price for the country fell for the sixth straight year, the National Tax Agency said Tuesday. (Jiji Press)
Jul 01
Tokyo stocks closed 1.08 percent higher on Tuesday, helped by a weaker yen and a central bank survey that indicated Japanese firms plan a healthy increase in capital spending. (thepeninsulaqatar.com)
Jul 01
Business confidence among Japan's large manufacturers dropped in June from three months earlier for the first deterioration in six quarters after the consumption tax hike in April, Bank of Japan data showed Tuesday, with their key index falling to 12 from March's plus 17. (Kyodo)
Jul 01
Summer bonuses paid to rank-and-file national civil servants in Japan on Monday came to Y586,700 on average, up 12.1 percent from a year before. (The Japan News)
Jul 01
Japan and the United States opened another round of Trans-Pacific Partnership free trade negotiations Monday in an effort to try to narrow differences on Japan's five key farm product categories and other major issues. (The Japan News)
Jun 30
China would welcome the participation of the United States, Japan and European countries to help set up a new multilateral bank to fund infrastructure projects in Asia, the country's finance minister was quoted as saying on Monday. (Reuters)
Jun 30
Japanese shares rebounded on Monday after a sharp sell-off in the previous session, supported by fund managers' quarter-end window-dressing as well as Wall Street's advance, posting modest gains on the month and the quarter. (Economic Times)
Jun 30
Japanese Prime Minister Shinzo Abe has contributed an article to a leading British newspaper. He used the platform to stress his determination to revive his nation's economy and improve the fiscal situation. (NHK)
Jun 29
World Bank President Jim Yong Kim has voiced optimism about the Japanese government's growth strategy, which is the "third arrow" of Prime Minister Shinzo Abe's three-pillar economic policy package called Abenomics. (The Japan News)
Jun 28
During Japan's Meiji restoration, which began in 1868, a group of reform-minded officials and citizens worked together to stamp out feudalism, prise open borders and push the country onto a path of rapid industrialisation. (The Economist)
Jun 28
The number of people in Japan who claimed workers' compensation for work-related depression or other mental illness rose to a record 1,409 in the past year to March, according to data released by the labor ministry Friday. (Kyodo)
Jun 27
Foreign investors are buying more Japanese stocks and pushing prices higher. (NHK)
Jun 27
Japan's Nikkei share average fell to its lowest in 1-1/2 weeks on Friday as investors took profits, while overall sentiment suffered from brewing concerns over a weak U.S. economy and the yen's strength. (Reuters)
Jun 27
Japan's core consumer price index in May rose 3.4 pct from a year earlier, the Ministry of Internal Affairs and Communications said Friday. (Jiji Press)
Jun 26
Tokyo stocks have closed 0.27 per cent higher, tracking gains on Wall Street, with investors moving in for bargains following the previous day's sell-off. (tradingroom.com.au)
Jun 26
On 3 June, Prime Minister Shinzo Abe's Liberal Democratic Party (LDP) cleared a major hurdle to lowering the corporate tax rate. (East Asia Forum)
Jun 25
The deteriorating situation in Iraq is driving up the price of crude oil and the retail price of gasoline in Japan. (NHK)
Jun 25
Japan's Nikkei share average fell to a one-week low on Wednesday as investors took profits from recent rallies, while the government's widely-anticipated growth strategy met a muted market reaction. (Reuters)
Jun 24
Prime Minister Shinzo Abe's Cabinet endorsed Tuesday its revamped economic growth strategy and longer-term policy blueprint, aimed at strengthening international industrial competitiveness and invigorating the Japanese share market. (Kyodo)
Jun 24
Japan's Nikkei share average eked out small gains to hit a 5-month closing high on Tuesday, as the focus in domestic markets turned to Prime Minister Shinzo Abe's release later in the day of his much-anticipated policy initiatives to boost growth. (Reuters)
Jun 24
The nation saw a rise in the collection rate for "kokumin nenkin" basic pension premiums in fiscal 2013, the welfare ministry and the Japan Pension Service said Monday. (The Japan News)
Jun 23
Manufacturing in China and Japan returned to growth in June after months of decline but an unexpectedly sharp fall in French business activity dragged on the wider euro zone, surveys showed on Monday. (Reuters)
Jun 23
Japanese shares edged up to a five-month closing high on Monday after an upbeat survey on Chinese manufacturing activity added to the positive mood from the US Federal Reserve's dovish policy stance. (Economic Times)
Jun 23
For many people in Japan parenthood isn't appealing, which is a major problem for the world's third-largest economy as it pursues radical economic reforms in a bid to drag itself out of deflation. (cnbc.com)
Jun 20
The key Nikkei average snapped its three-day winning streak on the Tokyo Stock Exchange Friday, pressured by profit-taking amid a sense of market overheating after the recent surge. (The Japan News)
Jun 19
The Nikkei stock index rose for the third consecutive day to end at nearly a five-month high Thursday, bolstered by upbeat market sentiment amid speculation U.S. monetary easing will remain in place for some time to back an economic recovery. (Nikkei)
Jun 19
Financial assets held by households as of March 31 rose 3.3 percent from a year earlier to Y1.63 quadrillion, hitting a record high for the end of a fiscal year, Bank of Japan data showed Wednesday. (The Japan News)
Jun 19
Has Abenomics restored animal spirits to corporate Japan? Not quite, at least according to one important measure. The total amount of cash held by companies in Japan continued to rise during the fiscal year ended March 31, reaching a record Y232 trillion, or about $2.3 trillion, according to data released Wednesday by the Bank of Japan. (Wall Street Journal)
Jun 18
Tokyo stocks closed up 0.93 percent on Wednesday with a stronger dollar supporting exporters, as investors wait for the US Federal Reserve to wrap up a policy meeting later in the day. (brecorder.com)
Jun 18
Japan's goods trade deficit shrank in May for the second straight month, as imports were tepid with the first consumption tax hike in 17 years from April 1 dragging down personal spending and industrial output at home, the government said Wednesday. (Kyodo)
Jun 18
The Japanese government plans to expand the use of nationally issued identification numbers to health care in an effort to reduce wasteful spending. (Nikkei)
Jun 18
An annual government report warns that the rise in greenhouse gas emissions in Japan could cause international concerns over the country's stance on tackling global warming. (NHK)
Jun 17
Tokyo stocks closed 0.29 percent higher Tuesday on bargain hunting while a weaker yen boosted exporters, despite jitters over the unrest in Iraq. (brecorder.com)
Jun 17
Researchers are raising the alarm that this year's climate conditions are eerily similar to those seen in 1997, when the worst El Nino phenomenon on record caused extreme drought and floods. (Nikkei)
Jun 16
The government of Prime Minister Shinzo Abe unveiled on Monday new policy measures it believes would benefit investors and companies, such as cutting Japan's relatively heavy corporate tax rate, with the aim of bolstering share prices at home. (Kyodo)
Jun 16
Bank of Japan (BOJ) Governor Haruhiko Kuroda has a simple message for Prime Minister Shinzo Abe: It`s time to fire the `third arrow` of reform or risk squandering the efforts of the past 18 months to revive the Japanese economy. (zeenews)
Jun 16
Japanese stocks dropped to a two-week low on Monday as oil prices extended gains as the insurgency in Iraq raised concerns about potential disruption to oil exports, but chip-related firms outperformed on Intel Corp's rosy outlook. (Reuters)
Jun 16
The Japanese government will promote the use of robots to start a new industrial revolution and double the size of the robotics market in the manufacturing sector by 2020. (NHK)
Jun 13
The Japanese government and the ruling coalition reached a basic agreement Friday to lower the effective corporate tax rate in the country to below 30 pct from the current 34.62 pct in stages from fiscal 2015, in efforts to attract foreign businesses and boost economic growth. (Jiji Press)
Jun 13
Bartender Yoshiro Tsuneoka smiled with satisfaction between popping open bottles of champagne. It was midweek, 8 pm, and business was good at the tiny bar in downtown Tokyo. (Reuters)
Jun 13
Tokyo stocks rose 0.83 percent Friday as late bargain-hunting wiped out early losses after Wall Street turned down in concerns over the crisis in Iraq. (brecorder.com)
Jun 13
The Japanese economy is highly likely to return to growth exceeding potential in summer or later, Bank of Japan Gov. Haruhiko Kuroda said Friday. (The Japan News)
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