Business Topics

EU 'stagnation trap' vexes French, German economists

Nov 28, 2014

EU 'stagnation trap' vexes French, German economists

Warning that Europe risks a “stagnation trap,” leading French and German economists have proposed reforms and investments to revive growth in the eurozone’s two biggest economies, but Berlin swiftly dismissed a key proposal to boost its public investment. Henrik Enderlein, of Germany’s Hertie School ...

Nov 27, 2014

U.S. consumer, business spending data point to slowing growth

U.S. consumer spending rose modestly in October and a key measure of business spending plans on equipment fell for a second straight month, suggesting some slowing in the pace of economic growth. Other data on Wednesday showed initial claims for jobless benefits broke above ...

OECD downgrades growth forecast for Japan amid recession

Nov 26, 2014

OECD downgrades growth forecast for Japan amid recession

The OECD has downgraded its projections for Japan’s economic growth in 2014 and 2015, acknowledging that the country has slipped back into recession in the wake of the April 1 consumption tax hike. The international economic organization said in a report released Tuesday that ...

Nov 26, 2014

U.S. economy grew robust 3.9% in third quarter

Growth in the U.S. economy in the third quarter was far stronger than thought, official data showed Tuesday, further distancing the United States from the ailing eurozone and Japan. The world’s largest economy clocked a 3.9 percent annual growth rate in the July-September period, ...

Nov 25, 2014

GPIF assets swell to record ¥130.9 trillion in September

Japan’s giant public pension fund said Tuesday its total assets swelled to a record ¥130.9 trillion as of Sept. 30, increasing by ¥3.62 trillion over the three months from July. The Government Pension Investment Fund, the world’s largest institutional investor, also said the proportion ...

Government maintains upbeat assessment of Japanese economy

Nov 25, 2014

Government maintains upbeat assessment of Japanese economy

Prime Minister Shinzo Abe’s administration on Tuesday upheld its relatively bullish view of the economy despite the recent surprise release of data showing Japan had fallen into recession following the April 1 consumption tax hike. “The Japanese economy is on a moderate recovery, while ...

Nov 25, 2014

Services producer prices rise 3.6% in October

The services producer price index rose 3.6 percent in October from a year earlier, up for the 16th straight month, the Bank of Japan said Tuesday. The index stood at 102.5, against 100 for the base year of 2010, the central bank said. Excluding ...

BOJ chief watching impact of falling yen after additional easing

Nov 25, 2014

BOJ chief watching impact of falling yen after additional easing

Bank of Japan Gov. Haruhiko Kuroda said Tuesday the central bank is closely watching the impact of the yen’s sharp fall against other major currencies following the bank’s additional monetary easing announced last month. Speaking to a meeting of business leaders in Nagoya, Kuroda ...

Nov 25, 2014

Abe consumption tax backfiring with more debt, not less

by Wes Goodman

What started as a plan to reduce the national debt is turning into a reason to issue more bonds. Prime Minister Shinzo Abe’s administration implemented a higher consumption tax in April to boost revenue as government liabilities ballooned to ¥1 quadrillion ($8.5 trillion), more ...