Business Topics

BOJ to discuss cutting inflation forecasts after dismal data

Jul 4, 2016

BOJ to discuss cutting inflation forecasts after dismal data

In light of recent dismal data on prices, the Bank of Japan is expected to discuss cutting its inflation forecasts at its next monetary policy meeting, scheduled for July 28 and 29. The central bank will possibly lower its inflation projection for this fiscal ...

Jul 4, 2016

Japan's monetary base hits new high in June

Japan’s monetary base rose to a record high in June for the seventh straight month, as the Bank of Japan continued to provide more liquidity to bolster inflation, BOJ data showed Monday. The monetary base at the end of the month stood at ¥403.94 ...

Jul 1, 2016

Belarus cuts four zeroes off currency amid economic woes

Belarus has redenominated its currency, cutting four zeroes off its face value, as the country struggles with recession. Friday’s redenomination is the third since the nation of 10 million became independent after the 1991 Soviet collapse. The Belarusian ruble, which had traded at 20,000 ...

Jul 1, 2016

Japan consumer confidence up again in June

Consumer confidence improved in June for a second month amid better employment conditions and relatively stable stock markets, the government said Friday. The seasonally adjusted index of sentiment among households made up of two or more people rose 0.9 points to 41.8, the Cabinet ...

Japan clobbered by weak inflation, businesss confidence

Jul 1, 2016

Japan clobbered by weak inflation, businesss confidence

Japan was clobbered with a one-two punch Friday morning as weak data and a lackluster business confidence report underscored the slowdown dragging on the world’s No. 3 economy. The poor readings will heap pressure on policymakers to unveil more stimulus, after the yen surged ...

Abenomics brings salarymen no relief as wives limit allowances

Jun 30, 2016

Abenomics brings salarymen no relief as wives limit allowances

Japan’s long-suffering salaried workers, famous for toiling long hours, have found no relief under the Abenomics reflation program, recording two of the three worst years when it comes to their monthly pocket money. Pocket money, set by wives who are often put in control ...