Business Topics

Jun 21, 2016

Some BOJ policymakers worried about negative rates, minutes show

Minutes from the Bank of Japan’s April policy meeting showed some members expressed misgivings over its negative interest rate policy. “A few members argued that the negative interest rate policy would impair the functioning of financial markets and financial intermediation as well as stability ...

Jun 20, 2016

IMF report calls for 'Abenomics' reload as quest for goals continues

Japan is falling short of its economic targets and needs to reload the “three arrows” of “Abenomics” to support higher wages and labor-market reforms, the International Monetary Fund said in a report published Monday. “Under current policies, the high nominal growth goal, the inflation ...

Japan logs first trade deficit in four months in May

Jun 20, 2016

Japan logs first trade deficit in four months in May

Japan posted a goods trade deficit of ¥40.7 billion in May for the first red ink in four months, the government said Monday, with the balance weighed down by sluggish exports amid a slowdown in overseas economies. The value of exports dropped 11.3 percent ...

Jun 18, 2016

California surpasses France as world's sixth-largest economy

California is now the sixth-largest economy in the world, surpassing France, thanks to a robust state economy and a strong U.S. dollar. California was the world’s eighth-largest economy in 2014, Irena Asmundson, chief economist of the California Department of Finance, said in a phone ...

Jun 17, 2016

Yen may climb as Japan faces another lost decade: Moody's

Japan is headed for another lost decade as the economy faces prolonged stagnation and the yen will probably strengthen more as deflation continues, Moody’s Analytics said. The yen surged to its strongest level in almost two years against the dollar Thursday, touching 103.55, after ...

Jun 14, 2016

Fitch cuts outlook on government debt in wake of tax hike delay

Fitch Ratings on Monday slashed its outlook on Japanese government bonds to negative from stable, citing a lack of specific steps to achieve the country’s fiscal reform goal following another delay in the consumption tax hike. “The outlook revision primarily reflects Fitch’s decreased confidence ...

Jun 13, 2016

Large-firm business confidence worsens in April to June period

Business confidence among large companies deteriorated significantly in the April to June period due to production suspensions brought about by earthquakes in central Kyushu and on a stronger yen, a government survey showed Monday. The index for business conditions at companies capitalized at ¥1 ...