Policy & Politics

Japanese Prime Minister Shinzo Abe speaks at the Council on Economic and Fiscal Policy in Tokyo on July 26.

It's official: Japan's debt mountain too high

TOKYO -- Even an optimistic vision of Japan's economic future does not see the country's primary budget deficit becoming a surplus by fiscal 2020, despite a long-running government plan to move things that way.According to medium- and long-term fisca...

  • Abe goes all in with $266bn stimulus package

    TOKYO -- Japanese Prime Minister Shinzo Abe unveiled plans Wednesday for an economic package topping 28 trillion yen ($266 billion), putting every option on the table to breathe new life into his signature Abenomics policies."We will take the fruits ...

  • Fed keeps rates unchanged, says risks to outlook reduced

    WASHINGTON (Reuters) -- The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.The U.S. central ban...

  • Widodo defies controversies to form 'solid team'

    JAKARTA -- There is a sense of urgency in Indonesian President Joko Widodo's appointment of new members to his Cabinet -- notably in the selection of the high-profile managing director of the World Bank, Sri Mulyani Indrawati.Indonesia's economic gro...

  • Hong Kong court deals blow to independence activists

    HONG KONG -- Wednesday's High Court decision against Hong Kong's rising pro-independence activists could reduce their chances of running in the territory's legislature election, which is a month away.

  • China stocks slide as Shenzhen bourse vows crackdown

    HONG KONG -- China's stock market stumbled Wednesday as news of a regulatory crackdown in the freewheeling Shenzhen market jolted speculators, threatening to rob them of fodder for trades based on realignment rumors.Getting seriousThe Shanghai Compos...

  • Asia bears brunt of 'President Trump' risk: Nomura analysts

    TOKYO -- Donald Trump has a real chance of becoming the U.S. president. His win would be Asia's loss, Nomura analysts argue.

  • Suu Kyi, Myanmar army learn to live with each other

    YANGON -- After a quarter century of conflict, Myanmar's military and pro-democracy leader Aung San Suu Kyi are reconciling.

  • Rio is a golden chance for Indian sports business

    NEW DELHI -- India has long been a laggard in the Olympics despite its population of nearly 1.3 billion. It is hoping to change that in Rio next month.

  • Widodo pins economic hopes on big cabinet reshuffle

    JAKARTA -- Indonesia President Joko Widodo has surprised the nation by reshuffling his cabinet for the second time since taking office, replacing his economic team almost entirely.

  • Myanmar seeks to build on foreign-investment momentum: finance minister

    YANGON -- Myanmar aims to attract more foreign investment over the next five years than under the previous government, Finance Minister Kyaw Win told The Nikkei in a recent interview.

  • Clinton wins historic nomination

    PHILADELPHIA (AP) -- Breaking a historic barrier, Democrats triumphantly chose Hillary Clinton as their White House nominee Tuesday night, the first woman ever to lead a major political party into the general election.Delegates erupted in cheers as C...

  • Calls for weaker yen have Japan's Finance Ministry on edge

    TOKYO -- Japan's Finance Ministry is growing uncomfortable with calls from the nation's business leaders for intervening to weaken the yen.

  • Japan to double fiscal stimulus to 6tn yen

    TOKYO -- Japan looks to inject 6 trillion yen ($56.7 billion) in direct fiscal outlays into the economy over the next few years, double the amount initially planned.The fiscal stimulus package, to be funded through a supplementary budget, the fiscal ...

  • Japan to tap fruit of Abenomics to fund social programs

    TOKYO -- Prime Minister Shinzo Abe plans to use revenue increases resulting from his economic policy to expand nursing and child care programs in the fiscal 2017 budget, part of his push to raise labor participation.Finance Minister Taro Aso will pre...

  • Japan to give banks low-interest dollar funding for infrastructure loans

    TOKYO -- Japan's government will make low-interest dollar funding available to domestic banks to support lending for overseas infrastructure projects involving Japanese companies.The 200 billion yen ($1.88 billion) program, part of an upcoming econom...

  • Abe to keep finance minister, top spokesman in cabinet shake-up

    TOKYO -- Prime Minister Shinzo Abe will likely retain Chief Cabinet Secretary Yoshihide Suga and Finance Minister Taro Aso when he reshuffles the cabinet Aug. 3, according to sources familiar with his plans.Both men have been on board since Abe retur...

  • Hong Kong legislature's pre-election dramas heat up

    HONG KONG -- With polling day just a little over a month away, Hong Kong's pre-election drama is reaching new heights. Legal challenges were lodged on Monday against the unprecedented measures that require candidates running for the legislative seats...

  • Duterte pledges to slash personal, corporate taxes

    MANILA -- President Rodrigo Duterte on Monday vowed to slash income taxes and improve the business climate in a bid to attract more investors, create additional jobs and sustain the growth story of the Philippine economy.In his first State of the Nat...

  • How a liberal Chinese journal met its demise after 25 years

    For 25 years, Yanhuang Chunqiu managed to fend off political pressure. Then, in mid-July, the authorities effectively seized control of the magazine.