Business Topics

Nov 28, 2014

'Abenomics' hit by more lackluster data

The government released a string of lackluster economic data Friday showing that inflation hit its lowest level for more than a year, dealing another blow to the Abe administration’s attempts to conquer years of falling prices and tepid growth. The figures come after Prime ...

Crude oil slide thorn in BOJ's side

| Nov 28, 2014

Crude oil slide thorn in BOJ's side

by Keiko Ujikane

When a country imports almost all its energy, a slide in oil prices to a four-year low should be helpful — cutting costs for companies and households. For Japan, it may not be so simple. The reliance of the world’s third-largest economy on fossil ...

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 ...