Economy

Japan should bolster 'earning power' amid falling population: report

TOKYO (Kyodo)-- Japan should bolster its "earning power" by creating new demand in such fields as medical and nursing care, amid concern that the country's graying and shrinking population will trigger a shortage of workers and hamper economic growth...

  • Mexican minister calls for Japan cooperation to tap Asian market

    MEXICO CITY -- Mexican Economy Minister Ildefonso Guajardo said Thursday he hoped that Japanese businesses would support their Mexican peers in making forays into the Asian market. "We would like to cooperate with Japan in order to deepen our rela...

  • Abe cabinet OKs guideline for completion of FY2015 budget

    TOKYO (Kyodo) -- Prime Minister Shinzo Abe's Cabinet on Friday approved the guideline for the compilation of the fiscal 2015 budget, vowing to bolster Japan's economy and restore its fiscal health -- the worst among major industrialized countries. ...

  • Japan's inflation rate slows for 2nd straight month

    TOKYO (Dow Jones) --Japan's annual inflation rate slowed for a second straight month in June, the government said Friday, likely fueling debate over whether the nation's central bank is too optimistic in predicting it will hit its ambitious price tar...

  • Southeast Asian rice exporters duke it out for global market

    YANGON/TOKYO -- As the world's appetite for rice grows, competition is intensifying among Southeast Asian producers already accounting for a big share of global exports. Myanmar and Cambodia, once major exporting countries, are beginning to send ...

  • Rising won casting shadow over South Korean economy

    SEOUL -- The strengthening won is weighing on South Korea's economy, squeezing profits at Hyundai Motor, Samsung Electronics and other major exporters. Hyundai's group net profit for the April-June quarter fell 7% on the year to 2.35 trillion won...

  • BRICS bank can contribute to global growth: BOJ's Kuroda

    BANGKOK -- Japan's central bank chief welcomed plans by the world's five leading emerging economies for a development bank and currency swap pool, saying they "could contribute greatly to the global economy." This institution-building by Brazil, ...

  • Offshoring stymies Japanese export growth

    TOKYO -- Structural shifts have kept Japan's exports lackluster as the shift toward overseas manufacturing negates the benefits of the weak yen. Many experts expect exports to grow gradually as the global economy recovers, but official trade data...

  • Indonesia's rising costs, election cools foreign investment

    JAKARTA -- Foreign direct investment to Indonesia for the first six months of 2014 reached a record high, but the growth was slower than the last year, the government announced on Thursday. Indonesia Investment Coordinating Board said foreign dire...

  • Japan exports fall 2.0% on year in June as monthly trade deficits hit 2-year mark

    TOKYO (Dow Jones) -- Japan's run of monthly trade deficits reached the two-year mark in June as export growth continued to be sluggish while imports remained stubbornly high, reinforcing the view that the deficits are here to stay for the once powerf...

  • Thai junta planning long-term reforms: experts

    BANGKOK -- Thailand's National Council for Peace and Order (NCPO), the military junta which staged a putsch on May 22 to break a political deadlock hanging over from 2013, has plans for a raft of long-term economic and political reforms, according to...

  • MtGox chief tells bitcoin creditors he's sorry

    TOKYO -- The representative director of MtGox apologized Wednesday to around 100 people owed money by the failed bitcoin exchange. "I'm sorry," Mark Karpeles said in Japanese, according to a person who attended the two-hour meeting here. It m...

  • Taiwan's unemployment hits six-year low

    TAIPEI -- Taiwan's seasonally adjusted unemployment rate fell to a six-year low of 3.97% in June, from 3.99% in May, the island's Directorate-General of Budget, Accounting and Statistics said Tuesday. The announcement came a day after Taiwanese o...

  • Backlash builds over Australian university reforms

    SYDNEY -- Australia's conservative government is facing growing political obstacles to its controversial plan to cut $5.42 billion in funding to the country's university sector. The move would see 20% trimmed from university research budgets and ...

  • Japan's economic growth forecast for FY 2014 cut to 1.2% from 1.4%

    TOKYO (Kyodo) -- The government on Tuesday cut its forecast for Japan's economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike, the first in 17 years, may continue to we...

  • Japan to set targets for curbing social security costs

    TOKYO -- With soaring social security expenses threatening Japan's fiscal consolidation efforts, the government plans to set numerical targets for spending cuts to present a clear road map for a balanced budget. The government's Council on Econom...

  • Western, South Korean investment in Thailand surged in first half

    BANGKOK -- Foreign direct investment in Thailand from the U.S., the European Union and South Korea grew by leaps and bounds in the six months through June as companies ramped up infrastructure and manufacturing plans despite the Southeast Asian natio...

  • BOJ board member issues reminder to look at bigger price picture

    TOKYO -- A member of the Bank of Japan's policy board has seemingly questioned the way the institution forecasts consumer prices, according to meeting minutes released Friday. With the central bank focused on hitting an inflation target of 2%, t...

  • Graying temps tackle Japan's labor shortage

    TOKYO -- Japan's economic improvements have led to more temp positions for senior citizens. This growing and graying workforce is becoming indispensable, filling employment gaps in fields where labor shortages are becoming serious. "I can live on...

  • Maglev train project clears environmental assessment

    NAGOYA -- Japan's Transport Ministry chief effectively gave a green light Friday to the environmental assessment report on maglev shinkansen train service -- a milestone step toward a start of operations planned for 2027. Central Japan Railway, b...