Economy

BOJ's Tankan survey

Japan Inc.'s inflation expectations fall short of target

TOKYO -- Japanese companies expect annual consumer price rises of 1.6% five years from now, falling below the December survey's forecasts of 1.7%, according to the data for the Bank of Japan's quarterly Tankan survey released Thursday. It is the firs...

  • Japanese firms see inflation remaining lower than BOJ goal

    TOKYO (Kyodo) -- Japanese companies expect consumer prices to rise 1.4 percent one year from now, below the Bank of Japan's inflation target of 2 percent, a survey released by the central bank showed Thursday. The figure was the same as in the pr...

  • Slow recovery

    Japanese companies cautious over weak yen, overseas economies

    TOKYO -- Japanese corporations remain apprehensive about the staying power of the weak yen and the outlook for economies abroad, as underscored by the Bank of Japan's latest business sentiment survey.

  • JCER estimate

    Japan GDP down 2.1% in February

    TOKYO -- Japan's real gross domestic product likely shrank 2.1% on the month in February, dropping for the first time in three months, the Japan Center for Economic Research said Wednesday. Exports fell notably, by 6.5%, due to the Chinese New Ye...

  • New GST system

    All Malaysians now pay tax

    KUALA LUMPUR -- Malaysia implemented a new goods and services tax from Wednesday to broaden the taxation base and narrow its budget deficit. Consumers will pay a 6% tax on all goods and services except basic food items, public services, public tr...

  • New consumption tax takes effect in Malaysia

    KUALA LUMPUR (Kyodo) -- Malaysians woke up to a new and highly unpopular consumption tax regime Wednesday that the government instituted to boost its dwindling coffers but which many fear could drive up the cost of living. The goods and services ...

  • Shipping news

    Mitsui OSK chief paints contrasting pictures of US, China

    TOKYO -- The global shipping market remains stuck in the doldrums, with a key freight index sinking to its lowest level on record in February. Koichi Muto, president of Japanese shipping company Mitsui O.S.K. Lines, also known as MOL, painted con...

  • Japan's finances

    Fiscal rehabilitation reaches next phase

    TOKYO -- A year has passed since Japan's consumption tax was raised to 8%. Prime Minister Shinzo Abe postponed an additional tax hike to 10% from October this year to April 2017. He plans to continue trying to prioritize ending deflation rather t...

  • BOJ's Tankan

    Large manufacturers' sentiment flat, cautious despite recovery

    TOKYO (Kyodo) -- Business sentiment among large Japanese manufacturers was unchanged in March from three months earlier and is expected to worsen, the Bank of Japan's Tankan survey showed Wednesday, reflecting their cautiousness despite earnings reco...

  • Vietnam agreement

    Thousands of Japan goods get 0% tariff

    HO CHI MINH CITY -- Vietnam cut import tariffs to 0% for more than 3,000 Japanese products on Wednesday. This move fulfills the country's commitments on trade agreements between Vietnam and Japan, as well as between ASEAN and the Northeast Asian ...

  • China official factory PMI unexpectedly edges up in March

    BEIJING (Reuters) -- Activity in China's factory sector unexpectedly picked up in March but remained weak, an official survey showed, reinforcing signs of persistent sluggishness in the economy which may need further policy support. The official ...

  • Weak consumer spending

    Turkey's GDP growth fell to 2.9% in 2014

    ISTANBUL -- Turkey's economy is stalling as sluggish domestic demand outweighs export growth, which could fuel government pressure on the central bank to lower interest rates ahead of elections in June. Real gross domestic product rose 2.9% in 20...

  • AIIB membership

    Taiwan applies to join China's new bank

    TAIPEI -- Taiwan confirmed on Tuesday that it is applying to be a founding member of the Asian Infrastructure Investment Bank (AIIB), China's regional development bank. Taiwan's decision comes after the U.K., Germany and France signed up for AIIB...

  • AEC Forum

    Political stability essential for economic vitality

    BANGKOK -- Speaking to a forum addressing the forthcoming Asean Economic Community, regional business leaders reiterated the mantra that stable politics and successful businesses are inseparable, and that stability remains a central concern for forei...

  • Indian economy

    Rajasthan seeks Japan investment

    NEW DELHI -- Rajasthan, India's largest state, is inviting investment from Japanese companies in areas such as automaking, ceramics, and electronic systems design and manufacturing. The state's Neemrana region already houses a Japanese zone, wher...

  • What work-life balance?

    Japan's full-timers put in most overtime on record in 2014

    TOKYO -- Japan has long been known as a place where workers toil for long hours and take few holidays. The latest data does nothing to shake that stereotype. The average Japanese full-timer worked 173 hours of overtime last year, according to the...

  • Diagnosing Japan's economy

    Output recovery seen upstream

    TOKYO -- Japan's manufacturing sector is starting to recover in upstream areas, including materials, electronic components and machinery, while such downstream businesses as automakers and electronics companies remain in a slump. The country's se...

  • China eases housing tax, lending rules to fight downturn

    SHANGHAI/BEIJING (Reuters) -- China on Monday courted home buyers with a bigger tax break as it cut downpayment requirements for the second time in six months, stepping up a fight against sliding house prices that is imperiling the world's second-big...

  • Vietnam 4G

    Next generation telecoms for main cities in 2016

    HO CHI MINH CITY -- Vietnam's Ministry of Information and Communications announced on Thursday that fourth generation (4G) mobile services will be available next year, initially in Hanoi and Ho Chi Minh City, after carriers Vietnam Posts and Telecomm...

  • Malaysia's startup scene

    Government stokes entrepreneurial fires

    KUALA LUMPUR -- Two days after giving up a well-paid job and five-year career as a management consultant, Daniel Lim is getting to grips with a Web app framework at a developer boot camp. This, he hopes, will be the first step toward success in the r...