Business Topics

Oct 21, 2015

Aussie Labor Party clears path to landmark China trade pact

Australia’s main opposition Labor Party said on Wednesday it was dropping its final objections to the passage of a landmark free trade agreement with China, clearing the last impediment to its ratification before the end of the year. China and Australia sealed the trade ...

Japan eyes lifting ban on private cars serving as taxis

Oct 20, 2015

Japan eyes lifting ban on private cars serving as taxis

Prime Minister Shinzo Abe instructed a government panel on Tuesday to discuss ways to deregulate ride-sharing services, which are currently designated unlicensed taxis and are therefore illegal. In a meeting of the Council on National Strategic Special Zones, Abe said he wants to permit ...

Oct 19, 2015

All regional economies still 'recovering moderately': BOJ

The Bank of Japan on Monday kept its assessment of the nation’s nine regional economies the same in the second quarter amid improving capital investment and employment, despite trouble in China and emerging markets. It used the phrase “recovering” or “recovering moderately” to describe ...

China economic growth slows to 6.9%, weakest since 2009

Oct 19, 2015

China economic growth slows to 6.9%, weakest since 2009

China on Monday logged its worst economic performance since the global financial crisis with analysts warning it is likely to worsen and the government needs to do more to avert a sharp slowdown. Gross domestic product in the world’s second-largest economy grew at just ...

Oct 17, 2015

Aso says BOJ unlikely to expand easing for now

The central bank is unlikely to expand its unprecedented economic stimulus for now, Finance Minister Taro Aso said, citing a surplus of money in the economy and weak domestic demand. “At this point, the government is not thinking about anything like that, and probably ...

Oct 15, 2015

Industrial output in August revised downward to 1.2% fall

Industrial output fell a seasonally adjusted 1.2 percent in August from the previous month, revised down from a preliminary drop of 0.5 percent, the Economy, Trade and Industry Ministry said Thursday. The index of output at factories and mines stood at 96.3 against the ...