Economy

Taxpayers in Japan are required to submit a statement, pictured above, of their overseas assets in excess of 50 million yen.

Japan forcing more people to reveal stashes abroad

TOKYO -- The Japanese government is trying to get wealthy Japanese who stash assets abroad for tax-dodging purposes to come clean, but authorities are still figuring out just how much is out there.

  • Unpopular train food in China illustrates obstacles to growth

    BEIJING -- Chinese netizens over the past year or two have been complaining about what they call lousy dining options for rail travelers, and a closer look at the offerings reveals a fundamental problem weighing on consumption in the country.Images c...

  • Japan tackling pay gap with record minimum wage hike proposal

    TOKYO -- Japan's labor ministry will recommend the largest-ever hike to the average minimum wage this year, supporting efforts by Prime Minister Shinzo Abe's government to narrow the pay gap between full-time workers and part-timers or temps.The targ...

  • Asia bears brunt of 'President Trump' risk: Nomura analysts

    TOKYO -- Donald Trump has a real chance of becoming the U.S. president. His win would be Asia's loss, Nomura analysts argue.

  • Japan to revise law to boost fintech market

    TOKYO -- With smartphones, big data and artificial intelligence playing an increasing role in the way people handle money, Japan's Financial Services Agency is looking at ways to make it easier for nonfinancial companies to tap into the financial tec...

  • Forecasts show Brexit weighing on Asia -- Malaysia in particular

    TOKYO -- The U.K.'s decision to leave the European Union has cast uncertainty over key Asian economies, new Japan Center for Economic Research forecasts show.The center on Wednesday published its fourth short-term outlook for five Asian markets: Chin...

  • A Japan that can pursue more than corporate growth

    TOKYO -- Some of today's investors are looking beyond corporate bottom lines as they try to hone in on the social and environmental impact companies might be having on society.This investment attitude has carved out its own niche, known as ESG. The a...

  • Thai business heads give the government passing marks

    BANGKOK -- Thai Prime Minister Prayuth Chan-ocha may not be popular with human rights groups and democracy activists, but he has earned a certain respect from local and expatriate business executives."Whenever I meet him he tells me, 'Don't complain...

  • Outlook for state demand keeps China's resource imports climbing

    TOKYO -- Chinese imports of such resources as iron ore jumped for the first half as a national infrastructure push stirred expectations of greater demand and cuts in industrial overcapacity continued, though the state's leading role in the climb rema...

  • Bank Mandiri profit slides 29% on bad loans

    JAKARTA -- Bank Mandiri, Indonesia's largest lender by assets, on Tuesday said net profit for the six months until June declined 29% year-on-year to 7.08 trillion rupiah ($538 million) due a surge in bad loan provisions.The result comes in stark cont...

  • China's leaders call for greater private investment

    BEIJING -- China's top Communist Party officials decided Tuesday to support growth in private-sector investment and encourage fair competition across all industries in a bid to bolster the country's slowing economy.President Xi Jinping presided over ...

  • Japan eyes cash stimulus for low earners

    TOKYO -- The Japanese government has proposed distributing 10,000 yen ($95) or more to low-income individuals as part of an upcoming plan for jump-starting economic growth.Other proposals include a minimum-wage hike of 24 yen -- the most ever -- to 8...

  • Pro-easing views gain currency at BOJ

    TOKYO -- Support is growing within the Bank of Japan for further monetary easing ahead of the two-day policy board meeting set to begin Thursday.Such new easing would complement an upcoming government spending package, bolstering efforts to shore up ...

  • Post-Brexit fragility paves way for Japanese lenders

    SINGAPORE -- By leveraging global networks and historical connections to the region, British banks have traditionally exerted huge amounts of control and influence over Asia's financial markets. But the country's recent decision to withdraw from the ...

  • South Korea Q2 GDP growth improves as capex, consumption rebound

    SEOUL (Reuters) -- South Korea's economy grew 0.7 percent in April-June over the previous quarter, the central bank estimated on Tuesday, accelerating modestly from the previous three-month period as domestic consumption and capex improved.It follows...

  • Strong yen obscures potential turnaround for Japan's exports

    TOKYO -- The stronger yen is reducing the value of Japanese exports amid signs of a rebound in volume terms.Exports declined 8.7% on the year to 34.52 trillion yen ($326 billion) in the first six months of 2016, the sharpest drop in six and a half ye...

  • Nearly 80% of analysts see more BOJ easing in July: survey

    TOKYO -- Many market analysts predict the Bank of Japan will further loosen monetary policy at its upcoming meeting, to bolster flagging inflation expectations and price trends, a recent survey shows.

  • Gov't retains economic assessment, cuts view on business sentiment

    TOKYO (Kyodo) -- The Japanese government retained on Monday its assessment that the domestic economy is recovering moderately but adopted a weaker view on corporate sentiment due to a firming yen and Britain's vote to leave the European Union. Th...

  • Japan logs 1st half-year trade surplus since 2011 quake

    TOKYO (Kyodo) -- Japan posted a goods trade surplus for a half-year period in January to June for the first time since a massive earthquake and tsunami hit the country in March 2011, due mainly to a plunge in the value of imports on the back of decli...

  • Japan June exports fall 7.4% year-on-year: MOF

    TOKYO (Reuters) -- Japan's exports fell 7.4 percent in June from a year earlier, Ministry of Finance data showed on Monday, as a strong yen weighed on the value of overseas shipments.The fall was less than an 11.6 percent decrease expected by economi...