Economy

Group of Seven and other leaders gathered Friday for the Ise-Shima summit in Japan. (Pool photo)

Equivocal G-7 statement will do little good for growth

TOKYO -- The Group of Seven will work together using all available tools to keep the global economy from stagnating, the leaders of those nations asserted Friday after their summit. But the decision to leave the details of carrying out that strategy ...

  • Yellen says Fed rate hike likely appropriate in coming months

    CAMBRIDGE, Mass. (Reuters) -- The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a...

  • China industrial profit growth slows, debt concerns remain

    BEIJING -- Profits earned by China's industrial enterprises rose 4.2% in April from a year earlier, although the pace of growth slowed drastically from March, according to official data released on Friday.Industrial profits totaled 502.01 billion yua...

  • Japan government to decide on tax hike by summer, Abe

    ISE-SHIMA, Japan -- Japan's Prime Minister Shinzo Abe said at a press conference held after the G-7 summit meeting that he will likely declare by the summer whether the government will implement the consumption tax hike originally planned for April 2...

  • Abe to announce sales tax hike postponement next week

    TOKYO -- Japanese Prime Minister Shinzo Abe will announce next week that the government will postpone the sales tax hike slated for April 2017, The Nikkei learned on Friday.At the Ise-Shima Group of Seven summit held in Mie Prefecture in western Japa...

  • Japanese consumer prices fall 0.3% in April

    TOKYO (Dow Jones) -- Japanese consumer prices fell again in April in a sign that weak domestic growth and low global energy costs are continuing to undermine the Bank of Japan's efforts to defeat deflation.The core consumer price index dropped 0.3% f...

  • G-7 gives mixed reaction to Abe's Lehman comparison

    ISE-SHIMA, Japan -- Prime Minister Shinzo Abe's contention that the global economy faces its toughest year since 2008 elicited a mix of sympathy and skepticism from his fellow Group of Seven leaders.French President Francois Hollande seemed to agree ...

  • Nikkei-FT Joint Special Report

    Ise-Shima taking advantage of the global spotlight

    ISE-SHIMA, Japan -- Here in Mie Prefecture, where Japan is hosting the leaders of seven major industrialized nations, the private and public sectors are busy figuring out how to handle the ever-expanding number of foreign tourists coming to Japan -- ...

  • Nikkei-FT Joint Special Report

    'Sherpas' guide world leaders to G-7 summit

    Just as mountain climbers depend on sherpas to guide them to the top, so do the world leaders attending this week's Group of Seven summit in Japan.Leading up to each gathering of the largest industrialized nations' leaders, the G-7's "sherpas" are bu...

  • Saudi Arabia tasks young ministers with driving economic reforms

    TOKYO -- Saudi Arabia is betting on a crop of young new ministers to get the country's ambitious economic reform plans off the ground. In a cabinet reshuffle in early May, elderly Petroleum and Mineral Resources Minister Ali al-Naimi was replaced by ...

  • BOJ Watch

    G-7 meeting may have been calm before the storm

    TOKYO -- The calm in global markets made for a relatively quiet meeting of Group of Seven finance ministers and central bankers last week. But the talks hinted at new concerns ahead, including the prospect of a British exit from the European Union an...

  • Minister says China is not Taiwan's silver bullet

    TAIPEI -- Taiwan's weak economy is not about to recover simply by expanding economic ties with China, a senior minister in the new administration of President Tsai Ing-wen has told reporters -- suggesting that business dealings with the mainland are ...

  • Asia's taste for sea cucumbers roils South Pacific

    AUCKLAND, New Zealand -- A race to harvest one of the world's oddest looking marine delicacies is causing concern about environmental damage inflicted in the South Pacific.Soaring demand for the sea cucumber, a seabed dwelling invertebrate also known...

  • Experts see intervention at 100 yen per dollar

    TOKYO -- Japan will likely intervene to halt the yen's appreciation once the currency reaches around 100 yen to the dollar, according to a recent survey of market players. QUICK, a financial information company belonging to the Nikkei group, surveyed...

  • Loan rates hit record lows amid BOJ's negative rate policy

    TOKYO -- The impact of the Bank of Japan's negative interest policy continues to work its way through the financial world, pushing down bank loan interest rates and corporate bond yields to levels never seen before.The February introduction of the BO...

  • Economic slump may end up shackling Tsai

    TAIPEI -- Taiwan's prolonged economic slump could change from a tailwind to shackles for Tsai Ing-wen, who became president on May 20.There are only three buildings on Yilan Science Park's site of about 71 hectares, located about 5km south of central...

  • As yields turn negative, institutions dread taking customers below zero

    TOKYO -- The Bank of Japan wants to beat deflation so badly that it is charging commercial banks for holding their money, but it has gotten little love for this policy from financial institutions that deal with customers.Negative interest rates have ...

  • Bump in Japan's fertility rate doesn't herald baby boom

    TOKYO -- Japan's closely watched fertility gauge turned upward for the first time in two years in 2015 but remains a long way from the government's target, leaving much to be done to promote bigger families.Not only are today's women waiting longer t...

  • Japan will avoid economic disaster: panel

    TOKYO -- Despite weakness in consumer spending and exports, solid employment and corporate earnings will keep the Japanese economy from buckling, panelists said in a roundtable discussion held here Monday by Nikkei Inc. and the Japan Center for Econo...

  • Kumamoto quakes' damage may hit 4.6tn yen: Cabinet

    TOKYO -- The damage to capital stock such as homes, factories and roads from recent earthquakes in the southern prefectures of Kumamoto and Oita likely ranges from 2.4 trillion yen to 4.6 trillion yen ($21.9 billion to $42 billion), Japan's Cabinet O...