Business Topics

Trump to inherit solid but uneven economy: jobs report

The U.S. jobs report released Friday made one thing clear: President-elect Donald Trump will inherit the same two-track U.S. economy that bedeviled his predecessor. Hiring is solid and the unemployment rate low. But longer-term problems persist — especially a stubbornly high number of men who are out of work and ...

Nov 29, 2016

Household spending continues to tumble

The nation’s household spending fell for the eighth straight month and the jobless rate remained flat in October, posing persistent challenges for the government’s efforts to spur growth momentum in the economy, government data showed Tuesday. Household spending, a key indicator of private consumption, ...

Nov 29, 2016

Export gains to help Japan reach 1% GDP growth in 2017, says OECD

Japan’s economy will grow 1 percent next year before slowing to a 0.8 percent expansion in 2018, the Organization for Economic Co-operation and Development said in its latest global economic outlook. A rebound in international trade will help drive Japan’s export growth higher over ...

Retailers turn deaf ear to Kuroda's inflation pledge

Nov 25, 2016

Retailers turn deaf ear to Kuroda's inflation pledge

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While Gov. Haruhiko Kuroda’s vow to overshoot the Bank of Japan’s 2 percent inflation target caused a stir among monetary policy watchers in September, it’s yet to have an impact among retailers. Stores as diverse as supermarket operator Aeon, Mister Donut and Wal-Mart have ...

Nov 21, 2016

Abe to seek bigger fiscal policy role in '17 budget

Prime Minister Shinzo Abe’s government is pushing for a greater role for fiscal policy next year, according to draft guidelines for the 2017 budget seen by Bloomberg. The government handed the document for Japan’s initial budget for the fiscal year starting in April to ...

Trump win gives Kuroda breathing room, ex-BOJ executive says

Nov 18, 2016

Trump win gives Kuroda breathing room, ex-BOJ executive says

Donald Trump’s election win has given Bank of Japan Governor Haruhiko Kuroda room to breathe by easing concerns that the yen will strengthen, a former BOJ executive says. The BOJ can remain on hold unless the yen strengthens past 100 against the dollar, a ...

Nov 16, 2016

BOJ inflation goal still too optimistic: ex-executive

The Bank of Japan is still too optimistic about the time needed to achieve its 2 percent inflation target, given the country’s entrenched deflationary mindset, a former BOJ executive director said. Any lack of progress toward that goal, though, is unlikely to trigger additional ...