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The biggest economic challenge facing Prime Minister Shinzo Abe’s new Cabinet is all too familiar: how to put the economy on the path to private sector-led growth and overcome deflation. “The government and the Bank of Japan will work in a unified manner to help the country out of deflation ...

Major firms plan to increase domestic capital expenditures by 10.9 percent to ¥17.513 trillion in fiscal 2016, a recent survey says. In what would be the fifth consecutive annual increase, the survey by the Development Bank of Japan found that firms are looking to invest more in fields ranging from ...

Japan’s biggest steel maker is top of the pile no more, as a resurgent yen hands a competitive advantage to overseas rivals amid an unprecedented global glut. Nippon Steel & Sumitomo Metal Corp. has been overtaken as the world’s most valuable producer by Europe’s ArcelorMittal and is neck and neck ...

The automaker association asks the new Cabinet to take action in response to seesawing foreign exchange markets and the Brexit. The post Automakers urge Abe to act after taking ¥500 billion hit from strong yen appeared first on The Japan Times.

A software program dubbed “Mayhem” was poised to win the final round of a three-year contest to teach computers to launch and defend against cyberattacks, earning a $2 million prize for the team that wrote the winning code. The event, known as the CyberGrand Challenge, concluded Thursday evening in a ...

The World Bank on Thursday adopted a new set of policies aimed at preventing its projects from harming people and the environment. The global lender dedicated to fighting poverty — whose commitments rose to more than $60 billion this year — said the new environmental and social framework had involved ...

The Bank of Japan will discuss ways to strengthen monetary easing measures upon reviewing the current massive easing campaign at its next Policy Board meeting in September, sources said Thursday. Fresh measures may be adopted at the Sept. 20-21 meeting, the sources said. BOJ Deputy Gov. Kikuo Iwata told a ...

The dollar was static slightly above ¥101 in Tokyo trading Friday as traders focused on the release later in the day of the the U.S. government’s jobs report for July. At 5 p.m., the dollar was quoted at ¥101.07-08, down from ¥101.40-41 at the same time Thursday. The euro was ...

Stocks erased early gains to end nearly flat on the Tokyo Stock Exchange on Friday prior to the release of U.S. jobs data later in the day. The 225-issue Nikkei average fell 0.44 point, or 0.00 percent, to close at 16,254.45. On Thursday, the key market gauge rose 171.78 points. ...

Taxi firms begin experimenting with a lower minimum fare of ¥410 in four wards to assess the demand for short trips. The post Tokyo cabbies test out ¥410 minimum fare appeared first on The Japan Times.