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BOJ lifts assessment of three regional economies

Jan 16, 2017

BOJ lifts assessment of three regional economies

The Bank of Japan on Monday lifted its economic assessment of three of the country’s nine regions, citing a pickup in consumer spending. “The effects of the decline in stock prices after early 2016 and of the irregular weather seen that summer has waned,” ...

Jan 16, 2017

Wholesale prices logged 3.4% drop in 2016

Wholesale prices in 2016 fell 3.4 percent to log their second consecutive annual decline as the yen advanced and crude oil prices sank on the back of slowdowns in China and other emerging economies, the Bank of Japan said Monday. The data cast a ...

Jan 16, 2017

Core machinery orders fell 5.1% in November

Seasonally adjusted core machinery orders fell 5.1 percent in November to log the first decline in two months, the Cabinet Office said Monday. Private-sector orders, excluding those for ships and power equipment, are closely watched as a leading indicator of corporate capital spending and ...

Jan 16, 2017

Trump Cabinet nominees give Vietnam premier hope for TPP trade pact

Vietnamese Prime Minister Nguyen Xuan Phuc is holding out hope that incoming U.S. President Donald Trump will reconsider the Trans-Pacific Partnership, a trade deal that would be a major boost to the export-driven Southeast Asian nation. Recent comments made by officials who are set ...

China shoppers ended 2016 on spending spree but headwinds seen brewing

Jan 16, 2017

China shoppers ended 2016 on spending spree but headwinds seen brewing

Chinese consumers flocked to malls, restaurants and cinemas ahead of the year’s biggest holiday season, highlighting the consumption power transforming the economy. Foot traffic at shopping centers and eateries edged up while online sales climbed from a year earlier, according to data from Baidu ...

Jan 15, 2017

Trudeau says Canada's oil sands must be phased out

Canada must “phase out” Alberta’s oil sands and end the country’s dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday. “We can’t shut down the oil sands tomorrow. We need to phase them out,” he said. “We need to manage the transition off ...