Economy

Monetary easing

China lowers reserve requirement to support stalling economy

BEIJING -- The People's Bank of China announced a 1-point cut in the reserve requirement ratio Sunday, showing a firm resolve to maintain liquidity in the market and underpin a slowing economy. The country's macrofinancial condition remains stabl...

  • Nikkei poll

    A year on, many Japanese see no impact from consumption tax hike

    TOKYO -- About 60% of eligible Japanese voters said their lives have not changed since last April, when the consumption tax went up to 8%, a new Nikkei-TV Tokyo survey shows. But 37% said the increase had a negative impact on their lives, while 1...

  • China central bank cuts bank reserve requirement by 1 percentage point

    BEIJING (Dow Jones) -- China's central bank cut the reserve requirement on bank deposits in a move to let banks lend more of their funds to struggling companies as the economy slows. The People's Bank of China said on Sunday it was cutting the b...

  • Consumer trends

    Solid economy gives Filipinos taste for finer things

    MANILA -- The consumer market in the Philippines is becoming more robust and vibrant as economic growth swells the ranks of the middle class. The Southeast Asian country's per capita gross domestic product is expected to exceed $3,000 this year, ...

  • Myanmar development

    Foreign cash floods into resources

    YANGON -- Foreign investment in resources development is surging in Myanmar. Cash began gushing in last year after Myanmar opened the development of major offshore gas fields to foreign capital. According to a senior official of Myanmar's economi...

  • Cryptocurrency revolution

    Southeast Asians get to grips with bitcoin

    TOKYO -- Bitcoin-based financial services, such as low-cost overseas remittances for foreign workers, are increasingly common in Southeast Asia. New services allow users to receive cash without having to deal with the technical aspects of the cry...

  • Growing fissures?

    Dissenter calls for curtailing Bank of Japan's easing campaign

    TOKYO -- With the Bank of Japan's all-out monetary stimulus still unable to lift the economy out of deflation, one dissenter on the bank's policy-setting board is proposing scaling back its asset purchases. And with the yen's weakness causing some si...

  • Japan's cabinet office survey

    Consumer confidence index rises for 4th straight month in March

    TOKYO -- Japan's consumer confidence improved for the fourth straight month in March, the government said Friday, with cheaper crude oil and strong Tokyo stocks continuing to buoy household sentiment. The seasonally adjusted index of consumer sen...

  • Labor talks 2015

    Japan's big companies raising pay by most in 17 years

    TOKYO -- Major Japanese companies are handing out their most generous pay increases in 17 years, with many upgrading base pay for a second straight year. The first round of results from spring labor negotiations were announced Thursday by leading...

  • No longer No. 1

    China selling Treasurys to diversify, fight capital flight

    BEIJING -- China lost its position as the largest holder of U.S. Treasurys for the first time in six and a half years in February, owing to both an outflow of capital due to a slowing economy and efforts to diversify dollar-heavy reserves. China'...

  • Japan edges out China as largest holder of U.S. Treasuries

    NEW YORK (Reuters) -- U.S. Treasury Department data on Wednesday showed Japan edged out China in February as the largest holder of U.S. Treasuries, a month in which foreign investors sold U.S. government debt for a fourth straight month. Data sho...

  • 'New normal' needs nurturing

    China faces tough road to stable growth

    BEIJING -- China's gross domestic product growth slumped to a six-year low in the January-March quarter, pointing to a rocky start to President Xi Jinping's "new normal" of stable growth and the need for further government support. Real GDP growt...

  • Beyond the basics

    Global expansion, innovation now driving India Inc.

    HONG KONG -- Corporate India has two goals: become more global and be more innovative. Despite the country's entrenched economic inefficiencies and Prime Minister Narendra Modi not yet fulfilled his promises of reform, one veteran India specialist se...

  • GDP calculation doubts

    Could India really be racing ahead of China?

    HONG KONG -- Forecasts, including one from the Asian Development Bank, show India is set to surpass China in gross domestic product growth rate this year. Under a new GDP calculation method adopted by the Indian government, the country has alread...

  • EU charges Google in Internet search anti-trust case

    BRUSSELS (Reuters) -- The European Union accused Google Inc on Wednesday of cheating competitors by distorting Internet search results to favour its shopping service, and launched another antitrust investigation into its Android mobile operating syst...

  • Off-the-record admonition

    BOJ's Kuroda warns Abe about bond rules

    TOKYO -- Bank of Japan Gov. Haruhiko Kuroda earlier this year urged Prime Minister Shinzo Abe to make serious efforts to improve the nation's finances, sources said Tuesday. Kuroda made the remarks Feb. 12 during a meeting of the Council on Econo...

  • China Q1 property investment growth weakens to near 6-yr low

    HONG KONG (Reuters) -- Growth in China's real estate investment in the first quarter slowed to the lowest rate since 2009 as developers prioritised clearing inventory amid a housing glut, while the rate of fall in property sales narrowed. Property i...

  • January-March GDP up 7% on year

    China's growth slows to six-year low

    HONG KONG -- China's National Bureau of Statistics said Wednesday the country's gross domestic product grew by an inflation-adjusted 7.0% on the year in the first three months of 2015, the slowest expansion since the first quarter of 2009. The offi...

  • OECD Economic Survey of Japan

    'Abenomics won't work without women'

    TOKYO -- The Organization for Economic Cooperation and Development said Japan must put special emphasis on increasing the participation of women in the labor force for Abenomics to work. In its 144-page "Economic Survey of Japan," released Wednes...

  • TPP Negotiations

    Malaysia stands firm

    KUALA LUMPUR -- Malaysia says that concluding Trans-Pacific Partnership negotiations by July is not likely as many outstanding issues remain. Speaking on radio program BFM on Tuesday, Rebecca Fatima Sta Maria, secretary general of the ministry o...