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IMF Boosts Japan Growth Forecast, Warns Over Deflation

  • Category:Other
JAPAN TODAY
 
TOKYO — The International Monetary Fund Tuesday lifted its outlook for Japan’s economy this year and in 2017, pointing to huge government stimulus spending, but warned the country’s longer-term prospects were bleak.
The Washington-based IMF upgraded its growth projections for the wo...

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Weak Spending, Inflation Data Hit Japan Recovery Hopes

  • Category:Other
JAPAN TODAY
 
TOKYO — Spending among Japanese households tumbled last month and consumer prices fell again, data showed Friday, after the Bank of Japan announced it was overhauling a faltering bid to conquer deflation.
The disappointing data marked the latest red flag for the world’s number three...

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Exhibits Look To Cater To Rise in Foreign Visitors

  • Category:Tourism
THE JAPAN NEWS
 
As the number of foreign visitors to Japan reached a record high of 19.73 million in 2015, the number of foreign travelers visiting museums and art galleries is also on the rise. What should be done to help these visitors enjoy a range of exhibitions and deepen their understandin...

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Panel Warns Tokyo Olympics Price Tag Could Top ¥3 Trillion

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — The total costs for the 2020 Olympic and Paralympic Games in Tokyo would surpass ¥3 trillion if the present plans were to be implemented, a panel commissioned by the metropolitan government said Thursday.
To cut the costs, the panel proposed a drastic review ...

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Hitachi, Toshiba, MHI Seek to Merge Nuclear Fuel Units

  • Category:Other
THE JAPAN NEWS
 
 
Hitachi Ltd., Toshiba Corp. and Mitsubishi Heavy Industries Ltd. (MHI) have started talks on merging their nuclear fuel units, with the aim of reaching an agreement by the end of this year, it has been learned.
The most likely plan would be to establish a new holding company — ...

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Gov't To Import 4,000 Tons of Butter To Ease Shortage

  • Category:Other
JAPAN TODAY
 
TOKYO — The Ministry of Agriculture, Forestry and Fisheries has announced a plan to increase butter imports by 4,000 tons in preparation for the Christmas and Valentine seasons.
The ministry implemented a similar policy last year as milk production declined in Hokkaido and other pre...

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Takata Lifelines Scrutinized by Carmakers Stuck in Cost Bind

  • Category:Other
JAPAN TIMES
 
 
Takata Corp. and some of the world’s biggest carmakers face an extensive, expensive to-do list as they try to resolve the worst safety crisis in the auto industry’s history.
Executives for the Tokyo-based maker of air bags are scheduled to meet in Japan with Honda Motor Co. and of...

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Companies Aim For Barrier-free Society

  • Category:Other
THE JAPAN NEWS
 
Japanese companies are reinforcing their efforts and developing products that can contribute to the realization of a “barrier-free society,” including eliminating uneven surfaces in passageways and improving services at shops, ahead of the 2020 Tokyo Olympic and Paralympic Games....

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Japanese Sake Looks Overseas as Local Market Dries Up

  • Category:Gourmet
JAPAN TODAY
 
OME — Ozawa Shuzo brewery hums with activity as boxed bottles of sake are loaded onto trucks. But with the domestic market shrinking, more and more of it is bound for burgeoning overseas markets where the centuries old drink is all the rage.
The small establishment has recently draw...

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Japan Move Shows Limit of Central Bank Powers

  • Category:Other
JAPAN TODAY
 
TOKYO — Japan’s central bank has revealed yet another exotic weapon to generate growth, but skeptics say all it shows is that the armoury is empty and a long battle against deflation is being lost.
With the European Central Bank apparently set to embark down a similar path and the F...

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