Japan’s exports fell in May for the first time in 15 months on weak demand from the U.S. and Asia, adding to challenges for Prime Minister Shinzo Abe as he tries to steer the economy through a forecast contraction this quarter.
Japan’s Prime Minister Shinzo Abe said he aims to start cutting corporate taxes in 2015, reaching agreement with senior lawmakers on a core part of his agenda as the central bank kept up pressure for sustainable finances.
Three weeks before Japan increased its sales-tax for the first time in 17 years, Prime Minister Shinzo Abe turned to Nobel laureate Robert Shiller to try to restore a vital ingredient of his economic revolution: optimism.
Japan’s bonds may fall, pushing 10- year yields to the highest since May, on speculation the ruling party will increase debt sales to help pay for economic-stimulus measures, according to Mizuho Securities Co.
Japan’s population slid for a third year with the proportion of people over the age of 65 at a global record, underscoring the challenge the world’s most- indebted economy faces in financing its aging society.