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Abe unveils economic revival plans for Japan

Last Updated: Tuesday, June 24, 2014, 17:12

Abe promised to slash Japan`s corporate tax rate -- one of the world`s highest at up to 36 percent -- and tackle sectors long sheltered by the state.

Japan PM defends 'Abenomics' as panacea for turnaround

Last Updated: Tuesday, May 06, 2014, 22:24

Japanese Prime Minister Shinzo Abe Tuesday launched a spirited defence of his "Abenomics" reforms aimed at kickstarting the world's third-largest economy, saying the policy blitz had yielded great results.

Japan trade deficit quadruples on-year to $14 bn

Last Updated: Monday, April 21, 2014, 10:09

Japan`s trade deficit quadrupled on-year in March to USD 14 billion, data showed Monday, with a weak yen compounding surging imports as consumers rushed to buy ahead of a rise in sales tax.

IMF cuts Japan growth forecast, warns over `Abenomics`

Last Updated: Tuesday, April 08, 2014, 22:10

The International Monetary Fund on Tuesday cut its 2014 growth forecast for Japan and warned that Prime Minister Shinzo Abe must follow through on promised reforms to cement a turnaround in the world`s number-three economy.

Japan passes record $937 billion budget

Last Updated: Thursday, March 20, 2014, 17:06

Japan on Thursday passed its biggest-ever budget, a USD 937 billion spending package aimed at propping up growth as consumers brace for the country`s first sales tax hike in over 15 years.

One year later, Japanese PM has big `to do` list

Last Updated: Tuesday, December 24, 2013, 14:21

A year after a landslide national election, Japanese Prime Minister Shinzo Abe is riding high as his plan to rescue the economy earns praise at home and abroad, but chinks in his armour are beginning to show. 

Japan household helper plan shows wider immigration dilemma

Last Updated: Wednesday, December 11, 2013, 05:06

During the early days of "Abenomics," US businesses were optimistic they could convince Japan`s government to make a small change to the nation`s tight immigration rules to let more household helpers into the country.

Japan PM hikes tax; will cushion blow to economy

Last Updated: Tuesday, October 01, 2013, 12:31

Japan's Prime Minister Shinzo Abe took a step on Tuesday that none of his predecessors had managed in more than 15 years - making a dent in the government's runaway debt.

Japan’s economy expands 4.1% in January-March quarter

Last Updated: Monday, June 10, 2013, 10:23

Japan`s economy expanded faster than previously thought in the first three months of the year, according to fresh data Monday that was likely to boost support for Tokyo`s efforts at stoking growth.