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Lew tells Aso currency devaluation war should be avoided

Jul 23, 2016

Lew tells Aso currency devaluation war should be avoided

U.S. Treasury Secretary Jack Lew stressed the importance of avoiding competitive currency devaluations in a meeting with Finance Minister Taro Aso in Chengdu, China, on Saturday, according to U.S. Treasury officials. Lew drove home the point by calling attention to the Group of 20 ...

Japan cranks up pitch for shinkansen in Singapore

Jul 22, 2016

Japan cranks up pitch for shinkansen in Singapore

Japan intensified its shinkansen sales pitch in Singapore on Friday, hoping to acquire an edge in its bid for the Malaysia-Singapore high speed rail project. Land, Infrastructure, Transport and Tourism Minister Keiichi Ishii discussed the bullet train system at a meeting with Singapore Senior ...

Japan's CPI seen falling again in June, more headaches for BOJ

Jul 22, 2016

Japan's CPI seen falling again in June, more headaches for BOJ

Japan’s consumer prices were expected to fall in June for the fourth straight month, a Reuters poll found, keeping alive market expectations the central bank will expand an already massive stimulus program to hit its 2 percent price goal. Separate data next week is ...

Japanese maker of VCRs to pull plug on product after sales tumble

Jul 22, 2016

Japanese maker of VCRs to pull plug on product after sales tumble

The world’s last videocassette recorder is set to roll off the factory line as a Japanese manufacturer ends production of the once booming home-theater technology. Funai Electric, which says it is the world’s last VCR manufacturer, pointed to a sharp decline in demand and ...