Business Topics

Japan policymakers fearful of constantly dodgy data

Jan 9, 2016

Japan policymakers fearful of constantly dodgy data

Prime Minister Shigeru Yoshida joked almost 70 years ago that if Japan had kept better data, it might never have started a war with the U.S. His grandson, Finance Minister Taro Aso, worries about flawed statistics that could mislead economic policymakers today. While Japan ...

Jan 9, 2016

U.S. employers hire at robust pace, defying global trends

The U.S. economy is motoring ahead despite slowing global growth that caused upheavals in financial markets around the world this week. Employers added a robust 292,000 jobs last month, and the unemployment rate stayed low at 5 percent, the Labor Department said Friday. Job ...

Jan 8, 2016

Japan's real wages fell in November for first drop in five months

Japan’s real wages decreased for the first time in five months in November as a decline in special pay, including bonuses, kept overall wages from rising as fast as consumer prices, the government said Friday. Average inflation-adjusted wages fell 0.4 percent from the same ...

Business chiefs vow to help Japan whip deflation

Jan 5, 2016

Business chiefs vow to help Japan whip deflation

Business leaders said they will do their part to ensure that Japan emerges from years of deflation as Prime Minister Shinzo Abe steps up calls for companies to raise wages and bolster capital expenditure. The leaders of the three major business lobbies said Tuesday ...

BOJ at critical juncture in monetary policy

Jan 5, 2016

BOJ at critical juncture in monetary policy

The Bank of Japan faces a crucial test this year for its monetary policy amid lingering uncertainty over prices. The central bank is now aiming for inflation of 2 percent “around the second half” of fiscal 2016, which starts in April, under its policy ...

Dec 31, 2015

Argentina declares 'national statistical emergency'

Argentina declared a “national statistical emergency” Wednesday, saying it will stop releasing data on the economy until the government statistics agency is overhauled and its numbers can be trusted. The move is conservative President Mauricio Macri’s latest assault on the economic policies of his ...

China eyes huge deficit to cushion reforms, slowing growth

Dec 30, 2015

China eyes huge deficit to cushion reforms, slowing growth

China could run its biggest budget deficit in perhaps half a century next year as leaders turn to government spending to arrest the slowdown in the economy, policy advisers say, after a year of easing monetary policy has brought disappointing results. The government is ...