Business Topics

Japan slides back into trade deficit, erasing March surplus

May 25, 2015

Japan slides back into trade deficit, erasing March surplus

Japan swung back into a trade deficit in April after logging its first surplus in almost three years in March, but the shortfall shrank drastically year on year, thanks to stronger exports and lower energy bills, official data showed Monday. The monthly deficit came ...

May 24, 2015

BOJ chief Kuroda stays on message at ECB Forum in Portugal

Bank of Japan Gov. Haruhiko Kuroda said Saturday at a forum in Portugal that Japan is overcoming the deflation that has plagued its economy for nearly two decades, according to the text of his speech released Sunday by the central bank. Referring to “positive ...

U.S. Senate OKs fast-track trade authority for Obama

May 23, 2015

U.S. Senate OKs fast-track trade authority for Obama

In a victory for President Barack Obama, the Senate passed bipartisan legislation Friday night to strengthen the administration’s hand in global trade talks, clearing the way for a highly unpredictable summer showdown in the House. Senate passage of the trade bill capped two weeks ...

May 21, 2015

Status of economy tops agenda at BOJ policy meeting

The Bank of Japan started a two-day policy meeting Thursday at which it is expected to debate whether to raise its opinion on the Japanese economy. The nine-member Policy Board is expected to leave its monetary easing policy intact after delaying the deadline for ...

May 21, 2015

TPP nations to give up on Guam ministerial meeting as TPA pends

The 12 countries engaged in the Trans-Pacific Partnership trade talks have given up on holding a ministerial meeting in Guam, informed sources said. They dropped the plan for the meeting on the broad free trade accord because it is uncertain whether the U.S. Congress ...

May 21, 2015

Bill to reform gas, electricity markets passes Lower House

The House of Representatives passed a bill Thursday to require utilities to segregate their power generation and transmission operations by April 2020. The bill, which won support mainly from the ruling coalition, was sent to the House of Councilors, the upper chamber. The measure ...

May 20, 2015

BOJ bond-buying faces challenge as Japan Post slows debt sales

The day when the Bank of Japan can’t find enough bonds to buy is drawing closer. State-owned Japan Post Bank Co. will probably offload about ¥10 trillion ($83 billion) of Japanese government bonds in the year started April 1, according to Bank of America ...