Business Topics

British bracing for world economy to punish U.K. for Brexit

Jun 26, 2016

British bracing for world economy to punish U.K. for Brexit

The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they’ll find out whether it will. U.K. financial leaders are scrambling to reassure households, businesses and investors that they can contain the doom and ...

Jun 21, 2016

Aso worried by yen's moves but rules out early intervention

Finance Minister Taro Aso said Tuesday the government will not rush to weaken the yen, although sharp swings in the currency markets are “undesirable.” “Regarding currency intervention, we will not do it so easily,” Aso told a news conference. He added, any action the ...

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 ...