LDP’s Abe to offer finance minister position to former PM Taro Aso
Japan’s prime minister in waiting Shinzo Abe is looking to name fellow Liberal Democratic Party (LDP) lawmaker Taro Aso as the finance minister for his cabinet. Aso, who is a former primer minister...
View ArticleJapan’s exports down for 5th straight month following election, yen improvements
On Wednesday, Japan revealed its fifth consecutive month of trade deficits, rising as much as 38% over November of last year to $11.3 billion. The data released from the Finance Ministry showed exports...
View ArticleNew finance minister Taro Aso to lift debt cap for fiscal 2012
In order to inject some life into Japan’s struggling economy, newly appointed finance minister Taro Aso said that the government will not stick to the debt cap of 44 trillion yen (approx. $513 billion)...
View ArticleJapan to buy European bonds to help with debt crisis
Taro Aso, Japanese Finance Minister, told reporters that the country will purchase bonds issued by Europe’s permanent bailout fund in order to help soothe the region’s debt crisis. He said that the...
View ArticleJapan records its worst January trade deficit of $17.4 billion
Japan’s Finance Ministry revealed data today that shows the economy experienced its worst ever trade deficit for the month of January since records started compared in 1979. The rising costs of fossil...
View ArticleJapan to impose sanctions on North Korea’s Foreign Trade Bank
The Japanese government is enforcing a ban on North Korea’s Foreign Trade Bank, preventing Japanese financial institutions from doing business with it, government sources revealed on Tuesday. This move...
View ArticleJapan posts $8.1 billion trade deficit for February
According to data released today by the Finance Ministry, Japan posted a trade deficit of 777.5 billion yen (approx. $8.1 billion) last month, which reversed a 25.9 billion yen ($270 million) surplus...
View ArticleJapan logs trade deficit of $3.7B for March & $83.4B for FY2012
Government data released on Thursday revealed that Japan’s trade deficit for the month of March amounted to US$3.7 billion, more than four times the year before, primarily caused by rising import costs...
View ArticleJapanese trade deficit sees 70% expansion to $8.6 billion in April
The Japanese government released data on Wednesday that revealed the country’s trade deficit had risen substantially more than expected in the month April. Now standing at 879.9 billion yen (approx....
View ArticleJapan’s trade deficit rises to $10.4B for month of May
Government data released on Wednesday morning revealed that Japan’s trade deficit increased to 993.9 billion yen (approx. 10.4 billion US dollars) in the month of May, rising just under 10% from the...
View ArticleFinance minister says Japan must raise taxes soon to fix economy
Finance Minister Taro Aso admits that the country needs to raise its taxes by next year if they want to show they are determined to fix up Japan’s finances, even as the government has already upgraded...
View ArticleJapan’s deepest welfare cuts opposed by citizens and legal professionals
Japanese citizens and legal professionals are making protests against the cuts initiated by the Japanese government on social assistance. Advocate groups led by lawyers are also filing a petition to...
View ArticleJapan’s Finance Minister Aso sees little benefit in cutting corporate tax
As industry experts speculate if the administration may cut the effective corporate tax rate to cushion the brunt of the consumption tax hike impact, Finance Minister Taro Aso has expressed on Thursday...
View ArticleJapan Banking Minister Matsushita found dead in apparent suicide
-UPDATED: September 11th, 1:55 PM Tadahiro Matsushita’s suicide possibly related to revelation of extra-marital affair in tabloid magazine- Japanese Financial
View ArticleFinance Minister Azumi steps down amid DPJ Cabinet shuffle
Jun Azumi, the Japanese Finance Minister, stated on Monday that he would be stepping down from his financial leadership position
View ArticleNew Finance Minister to look into renewing currency swap with South Korea
The newly appointed Finance Minister, Koriki Jojima, stated on Tuesday that he will be “carefully” considering whether to maintain the
View ArticleSouth Korea-Japan currency swap arrangement to expire this month
The countries of South Korea and Japan have mutually agreed to let their expanded currency swap agreements expire at the
View ArticleJapan Mint to produce coins for Bangladesh
Facing the seemingly dwindling demand for Japanese coins, the government has decided to use Japan’s minting facilities to produce coins
View ArticleNew sales tax to be applied to digital content bought online from overseas
Officials with the Japanese government stated on Wednesday that it will begin applying the country’s recently approved consumption tax increase
View ArticleJapan’s exports drop, lead to $6.7 billion in 4th consecutive trade deficit
The Japanese Ministry of Finance posted a trade deficit of 549 billion yen (approx. $6.7 billion) for the month of
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