Economy

The BOJ makes a surprise move. © Kyodo

Bank of Japan's surprise easing could kick-start economy, but clouds loom

TOKYO -- The Bank of Japan provided a jolt to the market Friday with a surprise easing move that could spur the economy, but it also carries the risk of negative side effects. The rise in Japan's consumer prices has been sluggish despite the bank...

  • Bank of Japan lowers fiscal 2015 inflation outlook to 1.7%

    TOKYO -- Japan's central bank on Friday reduced its inflation projections for this fiscal year and next, largely due to falling crude oil prices. The Bank of Japan said in its Outlook for Economic Activity and Prices that the consumer price index...

  • Japan's pension megafund bets on stocks to boost returns

    TOKYO -- Japan's mammoth public pension fund will raise its exposure to stocks and scale back bondholdings as it desperately seeks to continue supporting the growing population of pensioners. Under the new portfolio mix announced Friday, the Gove...

  • BOJ provides a jolt, but will it work?

    TOKYO -- Just two days after the U.S. Federal Reserve Board decided to end quantitative easing, the Bank of Japan announced it will pump more liquidity into the domestic economy to kick the sluggish returns from Abenomics back into gear. Foreign ...

  • BOJ rolls out more easing to keep inflation target within reach

    TOKYO -- The Bank of Japan decided Friday to pump more liquidity into the country's economy in a bid to lift sluggish consumer prices and keep the door open to meeting its inflation target by next spring. The BOJ is boosting both quantitative and...

  • Economists see 1.9% growth in Japanese GDP in July-September

    TOKYO -- Private-sector economists estimate that Japan's gross domestic product grew an annualized 1.9% on average in the July-September quarter, according to projections released Friday, amid a slow recovery in consumption after the April sales tax ...

  • Deflation casting shadow on Chinese economy

    SHANGHAI -- Competition fueled by oversupply is driving wholesale prices lower and slowing consumer price growth in China. "The previous year's level was too high. That's all," National Bureau of Statistics spokesman Sheng Laiyun said Oct. 21 whe...

  • Chinese insurers learning that high yields come with high risks

    SHANGHAI -- Insurance companies in China are increasingly funneling funds into high-yield wealth management products steeped in the nation's shadow banking system, prompting regulators and credit rating agencies to warn of the potential risks. Th...

  • Foreign visitors to Japan spending 40% more so far this year

    TOKYO -- International visitors to Japan spent 1.46 trillion yen ($13.2 billion) in the first nine months of 2014, up 40% on the year and surpassing the 2013 figure of 1.41 trillion yen. Average expenditures per tourist came to 158,257 yen in the...

  • Modi's austerity drive targets official extravagance

    NEW DELHI -- In an effort to rein in India's burgeoning fiscal deficit, Prime Minister Narendra Modi's government has announced a slew of austerity measures that include banning public officials from first-class air travel, holding meetings in five-s...

  • Three Asian nations among world's most business-friendly

    SINGAPORE -- Singapore was named as the country with the world's most business friendly regulatory environment by a World Bank report released this week. Singapore was one of the three Asian places in the top 10, along with Hong Kong and South Korea,...

  • Japan on alert for Ebola

    TOKYO -- Japan is on Ebola watch. The deadly virus has claimed more than 5,000 lives, mainly in West Africa, this year. "A man in his 40s, who arrived at Haneda Airport, may be infected with the Ebola virus," Health Minister Yasuhisa Shioza...

  • Taiwan confident of steady growth as US recovers

    TAIPEI -- Taiwan's economy expanded 3.78% in the July-September quarter, its fastest in almost two years. Strong global demand for electronics products, growing capital formation and solid domestic consumption helped push up the economy. The anno...

  • BOJ Kuroda: Wrong to think BOJ now out of policy ammunition

    TOKYO (Dow Jones) --Bank of Japan Gov. Haruhiko Kuroda said Friday that the central bank has yet to run out of ammunition, rejecting the notion that there is little he can do if the rate of inflation again defies his optimistic projections. "Our ...

  • BOJ unexpectedly eases policy to boost economy, lift inflation

    TOKYO (Kyodo) -- The Bank of Japan on Friday further eased its monetary grip to underpin the country's economy, in a surprise move that the central bank said is aimed at countering downward pressure on prices as it seeks to raise the inflation rate t...

  • IT helps Taiwan log 3.78% GDP growth

    TAIPEI -- Taiwan's real gross domestic product grew 3.78% from a year earlier in the July-September quarter, up from an August forecast of 3.62%, according to data released Friday. It was an increase of 1.98% on a seasonally adjusted basis. Thank...

  • BOJ further eases policy to boost Japan economy

    TOKYO (Kyodo) -- The Bank of Japan on Friday further eased its monetary grip to boost the country's economy, in a surprise move that the central bank said is aimed at addressing downward pressure on prices. The BOJ will expand its massive asset p...

  • Fed walks tightrope as it looks to future rate hikes

    NEW YORK -- With the U.S. finally having shaken off the worst effects of the 2008 global financial crisis, the Federal Reserve on Wednesday officially announced an end to its bond-buying program. The U.S. economy has begun to grow again, thanks i...

  • Innovation, not yen, key to expanding Japan exports

    TOKYO -- Despite the yen's continued weakness, most Japanese exporters will find it difficult to sell more overseas unless they can come up with innovations that give them a long-term edge over their rivals abroad. In parliamentary questions to P...

  • Japan's household spending down 5.6% in September

    TOKYO (Kyodo) -- Japan's average household spending in September slipped an inflation-adjusted 5.6 percent from a year earlier to 275,226 yen for the sixth consecutive month of decline following the April consumption tax hike, the government said Fri...