Economy

US could hike rates by June: former Fed official

WASHINGTON -- The U.S. Federal Reserve Board could raise interest rates as early as the first half of 2015 if the labor market continues to improve at the current solid clip, former Fed Vice Chairman Donald Kohn has told The Nikkei.Excerpts from the ...

  • Home prices falling in most of China's big cities despite deregulation

    HONG KONG -- China's real estate market has been in a correction phase for some time. While local governments are trying to boost struggling housing markets by relaxing restrictions on property buying, many market players believe that these efforts w...

  • Record numbers visited Japan in July, led by Chinese tourists

    TOKYO -- A wave of Chinese tourists swelled the number of foreigners visiting Japan to 1,269,700 in July, up 27% from a year earlier and a monthly record, according to a report released Wednesday by the Japan National Tourism Organization. The ta...

  • Vietnam's wage hikes irk foreign manufacturers

    HANOI -- Vietnam's National Wage Council has proposed an average 15% on-year increase in region-based minimum wages for 2015. This has stirred complaints from foreign companies with operations in the country. These new minimum wages will begin on...

  • Japan to end 10-year ban on chicken imports from Indonesia

    JAKARTA -- Japan will likely start importing chicken products from Indonesia for the first time in 10 years. The move comes as Japanese companies are rushing to diversify sources of chicken meat following growing food safety concerns over the use of ...

  • Japan logs 964.0 bil. yen trade deficit in July

    TOKYO (Kyodo) -- Japan posted a goods trade deficit of 964.0 billion yen in July, as fossil energy imports continued to increase amid the prolonged halt of nuclear power plants, outweighing an expansion in exports, the government said Wednesday. ...

  • Uncertainty hangs over Indonesia's foreign plantations

    KUALA LUMPUR -- Analysts in Malaysia are downplaying the possibility of greater restrictions on foreign ownership of agricultural land in Indonesia, arguing that such moves would affect long-term growth and deter foreign investment. According to ...

  • Internet driving China's economic growth, evolution

    SHANGHAI -- China's Internet economy, already larger than that of the U.S. in terms of proportion of gross domestic product, is certain to change the nature of the country's economic growth in the coming years, according to a recent report by McKinse...

  • Lessons learned from Japan's 'lost decade'

    TOKYO -- The days of Japan's bad-loan problems are starting to look like a thing of the past. But rather than be forgotten, this troubled past should be carefully studied for the lessons it can offer in how not to repeat history. By July, Resona ...

  • Fake universities luring young Chinese desperate for diplomas

    DALIAN, China -- Fake universities cropping up across China are making money by selling fraudulent diplomas to students who have not really attended courses but need the certificate in order to apply for jobs. According to Chinese educational web...

  • Japanese farmers finding ways to break free of co-ops

    TOKYO -- Farmers in Japan are increasingly growing independent of agricultural cooperatives, selling more of their own crops online or contracting directly with such retailers as supermarkets. Shipments by farmers totaled 8.52 trillion yen ($82.4...

  • China's foreign investment inflows down 0.4% in January-July

    BEIJING -- Foreign direct investment in China edged down 0.4% on the year in January to July, but the headline figure obscured a sharp drop in inflows into the manufacturing sector. Excluding the financial sector, China took in $71.1 billion in i...

  • Thai economy ekes out growth

    BANGKOK -- Thailand's seasonally adjusted real gross domestic product climbed 0.9% on the quarter for the April-June period, returning to positive territory, according to official figures released Monday. GDP rose 0.4% on the year. Private spendi...

  • Reforms to bring in foreign capital: Indian investment banker

    TOKYO -- Conditions are ripe for foreign companies to acquire Indian businesses amid higher stock prices and an easing of regulations, according to the chief of leading financial services provider Ambit Holdings. With Indian stocks at record-high...

  • Insurance president weighs Japanese economy since sales tax hike

    TOKYO -- Market experts are closely watching how the Japanese economy is handling sales tax hike, from 5% to 8%, which began in April, especially as geopolitical uncertainties loom large overseas. Both the domestic and overseas economies are faci...

  • China's new national chip project to nurture industry: IHS

    BEIJING -- The Chinese government announced in June a new national project to promote the nation's computer chip industry by setting up a special task force and a special investment fund. The primary goal of the National Guideline for the Develop...

  • Japan-style lost decades give Seoul jitters as household debt tops quadrillion won

    SEOUL -- The South Korean central bank lowered its benchmark interest rate for the first time in 15 months, to 2.25%, on Thursday. It is looking to rekindle domestic consumption, which has been slowing since April. Stimulus measures have been int...

  • Japan's tax hike still hurting personal spending: Nikkei survey

    TOKYO -- Personal spending in Japan remains weak, as the severe backlash from the sales tax hike in April continues, an early August Nikkei survey showed. Consumption-related businesses surveyed by the Nikkei were bearish about sales. Almost a qu...

  • It's up to Tokyo to create Japan's next generation of workers

    TOKYO -- A vacant lot in Tokyo's bayfront Harumi district has a bright future ahead of it. The Tokyo Metropolitan Government plans to first turn the 40-plus hectares into an athletes village for the 2020 Summer Olympics. After the closing ceremony, t...

  • In chain reaction, interest rates fall in Europe, Japan, US

    TOKYO -- A drop in long-term interest rates in Europe spread to Japan and the U.S., a sign of growing speculation that their central banks will have no choice to rely to monetary easing to deal with weaker economic growth. Long-term rates have be...