Business Topics

Aug 8, 2015

U.S. economy adds 215,000 jobs; Fed rate hike closer

The U.S. job market just demonstrated that it may be nearing full health more than six years after the Great Recession — and showed why the Federal Reserve may be about to raise interest rates from record lows. July marked the latest month in ...

BOJ refrains from adding stimulus as Kuroda bets on rebound

Aug 7, 2015

BOJ refrains from adding stimulus as Kuroda bets on rebound

The Bank of Japan refrained Friday from expanding monetary stimulus as Gov. Haruhiko Kuroda bets the world’s third-biggest economy will emerge from a recent soft patch and inflation will pick up. The central bank will keep increasing the monetary base at an annual pace ...

Aug 6, 2015

TPP ministerial talks unlikely to be held by end of August

Trade ministers from the 12 countries involved in a Pacific Rim free trade deal are unlikely to meet again by the end of this month amid remaining differences that prevented them from finalizing negotiations last week, sources said Thursday. Japan, the United States and ...

Aug 5, 2015

Corporate earnings in Japan outshine rest of Asia amid weak yen

Japan is emerging as the star of Asia’s latest earnings season, with most companies reporting higher-than-expected profit growth as businesses continue to benefit from Prime Minister Shinzo Abe’s economic policies. Earnings per share, excluding some items, at 159 companies on Japan’s Topix index have ...

Kerry pushes Asia trade pact in Singapore

Aug 4, 2015

Kerry pushes Asia trade pact in Singapore

U.S. Secretary of State John Kerry called Tuesday for countries negotiating a major Pacific Rim trade deal to overcome differences that have stalled its conclusion. Speaking in Singapore, Kerry said the Trans-Pacific Partnership would benefit the people of all nations involved and serve as ...

Aug 1, 2015

Think tanks estimate economy contracted 2.1 percent in April-June

The economy likely contracted at an annual rate of 2.1 percent in April-June, the first negative growth in three quarters, due to weak personal consumption and exports, the latest estimates by 11 private think tanks showed Friday. Their average forecast for the nation’s April-June ...

Aug 1, 2015

No final deal in TPP trade talks, negotiators say

Delegates negotiating a huge Pacific free-trade agreement said Friday they have failed to reach a final deal after several days of intense talks in Hawaii, in a setback to U.S. President Barack Obama. But U.S. Trade Representative Michael Froman, in a statement on behalf ...

Spending slips as consumer prices inch up

Jul 31, 2015

Spending slips as consumer prices inch up

Consumer price gains in Japan remained little more than zero in June while household spending dropped, challenging the central bank’s effort to spur inflation. Consumer prices excluding fresh food rose 0.1 percent from a year earlier, fractionally better than economists estimated. The same measure ...