Business Topics

Nov 9, 2016

Current account surplus surges in April-September to ¥10.3 trillion

The nation’s current account surplus in the April-September period surged 20.5 percent from a year before to ¥10.3 trillion, hitting the highest level on a fiscal half-year basis since the second half of fiscal 2007, government data showed Wednesday. The current account balance was ...

China names new finance minister to replace veteran Lou Jiwei

Nov 7, 2016

China names new finance minister to replace veteran Lou Jiwei

China has replaced veteran reformer Lou Jiwei with a new finance minister who will be tasked with juggling fiscal stimulus and efforts to rein in excess leverage in the world’s second-largest economy. Xiao Jie, previously a senior aide to Premier Li Keqiang, will replace ...

Nov 2, 2016

Bank of Japan signals economic onus is now on Abe government

The Bank of Japan is signaling that Prime Minister Shinzo Abe’s government needs to do more to help achieve 2 percent inflation and revive the economy, former BOJ Policy Board member Sayuri Shirai said Wednesday. Government stimulus, along with highly accommodative financial conditions, would ...

Oct 29, 2016

EU and Canada to sign trade pact after Belgians approve changes

Canada and the European Union will sign a landmark free trade deal on Sunday after key votes in Belgian regional assemblies on Friday ended opposition that had threatened to destroy the agreement. Soon after the final Belgian vote, European Council President Donald Tusk called ...