Economy

Corporate sentiment sliding on spending slump: QUICK survey

TOKYO -- The Bank of Japan's September tankan survey of business sentiment will likely show a dip in confidence among major manufacturers for a second straight quarter, according to financial data provider QUICK. The Nikkei group company polled 1...

  • Lagarde to Japan: Smash the glass ceiling with smart policies for women

    TOKYO -- Women's workforce participation is a critical factor as Japan attempts to pump up its economy, according to Christine Lagarde, the International Monetary Fund's managing director. In a recent interview with The Nikkei, Lagarde called for...

  • Manila inundated, trading suspended as typhoon gains strength

    MANILA -- Parts of the Philippine capital were engulfed in floodwaters Friday, forcing government offices and private businesses to suspend operations as typhoon Fung-Wong intensified. Major areas in Metropolitan Manila and nearby provinces were ...

  • BOJ new division works for closer ties with changing Asia

    TOKYO -- A new division within the Bank of Japan will play a key role in its efforts to strengthen financial cooperation with other Asian countries. The International Coordination Division was established within the BOJ's International Department...

  • India, Asean enhance free trade agreement

    NEW DELHI -- Four years after a free trade agreement relating to goods came into effect between India and the Association of Southeast Asian Nations, the trade partners have gone a step further with a supplementary trade in services and investment ag...

  • Malaysia holds interest rate steady

    KUALA LUMPUR -- Malaysia's overnight policy rate is being kept at 3.25% ahead of an expected slowdown in domestic demand and consumption, according to Bank Negara Malaysia/Central Bank of Malaysia (BNM). Exports, another contributor to economic g...

  • Gov't downgrades view on Japan's economy on weak consumer spending

    TOKYO(Kyodo) -- The government downgraded on Friday its assessment of the Japanese economy in its monthly report for September, weighed down by slumping personal spending due to unstable weather such as typhoons and heavy rains. "The Japanese ec...

  • Land values on the rise in Japan's big 3 cities

    TOKYO -- Land values in the three major cities of Japan are marking notable increases, bolstered by the mild economic recovery. The average market value of residential land in Tokyo, Osaka and Nagoya was up on the year for the first time in six y...

  • State enterprises to test Xi's mettle for reform

    BEIJING -- Just how far is President Xi Jinping prepared to go in his reform drive? Critics at home and abroad have debated the question for months, but recent developments with respect to state-owned enterprises have made the answer a bit more clear...

  • Thailand trying to lure tourists back after coup

    BANGKOK -- Thailand's military junta and the private sector are struggling to put the shine back on the country's tourism business, despite the fact that martial law has been in place in the Southeast Asian country since the previous civilian governm...

  • Indonesia set for large fuel price rise

    HONG KONG -- Indonesia's incoming government will dramatically raise fuel prices within weeks of taking office, according to a senior adviser to President-elect Joko Widodo. "We're going to hike the fuel price by November," said Luhut Pandjaitan,...

  • Japan logs 26th straight trade deficit in Aug.

    TOKYO (Kyodo) -- Japan remained in the red in goods trade for the 26th straight month in August, the longest period since comparable data became available in 1979, as exports shrank on the back of weaker demand in the United States and China, governm...

  • Fed sees bond buying ending in Oct, retains interest rate guidance

    WASHINGTON (Dow Jones) -- The Federal Reserve said it would end the bond buying program known as quantitative easing in October, but retained its guidance that short-term interest rates will remain near zero for a "considerable time" after that progr...

  • China central bank pumps 500 billion yuan into top banks

    BEIJING -- China's central bank provided 500 billion yuan ($81.4 billion) to five state-owned banks in an effort to boost corporate cash flows and prop up a sluggish economy. The People's Bank of China handed out 100 billion yuan to each of the f...

  • Brazil needs a Thatcher (and it may get a Socialist one): fund exec

    SAO PAULO -- The Brazilian national soccer team's defeat on home soil at this year's World Cup had a curious side effect: It sent the country's stock market rallying. Frederico Mesnik, head of Brazilian fund management firm Humaita Investimentos, saw...

  • Can Xi sell slower growth in China?

    BEIJING -- For the Chinese economy, the summer was unusually chilly. Bank new lending unexpectedly tumbled in July, while a key index of business confidence in the manufacturing sector reversed course and declined in August. A nationwide drop in ...

  • Japan's tax hike debate to center on consumer, corporate spending

    TOKYO -- Japan's key economic policy panel on Tuesday began discussing the pros and cons of a tax hike scheduled for next fall, with members expected to focus on whether consumer and corporate spending is strong enough to withstand an added burden. ...

  • Yen's weakness a 'natural' reflection of US strength: Kuroda

    OSAKA -- The yen's recent declines against the dollar are in line with U.S. economic conditions, Bank of Japan Gov. Haruhiko Kuroda told reporters Tuesday, signaling once again that he is content to let the Japanese currency slide. A number of Os...

  • Japan to cut economic assessment for September

    TOKYO -- The Japanese government will likely downgrade its monthly assessment of the economy for the first time in five months in September in light of a drop in individual consumption caused by bad weather. The September Monthly Economic Report ...

  • Japan households richer but without stronger buying power abroad

    TOKYO -- Households in Japan have increased their savings over the past few decades but that does not necessarily mean that they are in a stronger position to invest overseas. Individual financial assets in Japan reached 1,630 trillion yen ($15....