Business Topics


Obama warns TPP failure would let China write trade rules

President Barack Obama, trying to sway skeptics on free trade among his supporters, said Friday that if the U.S. can’t come to terms on an accord being worked on with other Pacific nations, China will step in to fill the void. Asia has the globe’s most populous and fastest-growing markets ...

Apr 15, 2015

OECD urges Japan to implement bold structural reforms

The Organization for Economic Cooperation and Development urged Japan on Wednesday to implement bold structural reforms to boost economic growth and map out a “credible” plan to restore its precarious fiscal health. Noting that the nation’s aging population is likely to weigh on economic ...

Soccer still a refuge for BOJ staff

Apr 15, 2015

Soccer still a refuge for BOJ staff

by Toru Fujioka and Masahiro Hidaka

The Bank of Japan officials huddle: they’re planning a counterattack. It’s half-time, on a balmy Saturday afternoon in October on a soccer field in Machida, western Tokyo, and the central bank’s team has just seen their 1-0 lead vanish with an equalizer by Japan ...

Apr 14, 2015

IMF raises Japan's growth forecast to 1% for 2015

The International Monetary Fund said Tuesday it nudged up its economic growth projection for Japan in 2015 by 0.4 point to 1.0 percent in real terms, mainly thanks to the yen’s weakness and lower crude oil prices. Japan’s economy is expected to pick up ...

Apr 14, 2015

Japan estimates potential AIIB membership would cost ¥360 billion

Joining the China-led Asian Infrastructure Investment Bank will cost Japan about ¥360 billion and give it a stake about half that of Beijing, according to government estimates in a document obtained by Bloomberg. Japan’s initial contribution would be ¥180 billion, before doubling when the ...

Apr 14, 2015

Japan won't cave in on TPP at summit, minister says

A Japan-U.S. summit planned for late April should not be seen as a deadline for reaching a bilateral deal seen as vital to concluding a 12-country Pacific free trade pact, economic and fiscal policy minister Akira Amari said Tuesday. Japan and the United States, ...

Apr 13, 2015

Core machinery orders edge lower amid bleary economic outlook

Japan’s core machinery orders edged down 0.4 percent from a month earlier to ¥835.6 billion in February, the government said Monday, indicating that some companies are reluctant to beef up investment as the economic outlook remains unclear. The private-sector orders, excluding those for ships ...

Apr 12, 2015

China-led AIIB will be lean, clean and green, its chief says

The China-led Asian Infrastructure Investment Bank will be lean, clean and green, its interim chief has said, playing down concerns over transparency and standards governing the institution. The $50 billion bank, expected to start operations by the end of the year, is attracting a ...

Fears grow over Nikkei strength

Apr 11, 2015

Fears grow over Nikkei strength

Monetary easing and optimism about the economy briefly pushed the Nikkei 225 stock average above 20,000 points for the first time in 15 years last week, but analysts warn that share prices may be higher than warranted by the real economy.