Business Topics

Oct 31, 2014

Tepid data may spur Abe into further stimulus as economy sputters

Economic data released Friday signaled that the economy is still in the doldrums following the first stage of the doubling of the consumption tax on April 1, raising doubts about whether the Abe administration can complete the hike to 10 percent as planned. Expectations ...

Oct 31, 2014

The strengthening U.S. growth reflects help from Fed

The U.S. economy powered its way to a solid annual growth rate of 3.5 percent from July through September, outpacing most of the developed world and appearing on track to extend its momentum through this year and beyond. The result is not a fluke. ...

How well did the Fed's stimulus work?

| Oct 30, 2014

How well did the Fed's stimulus work?

by Matthew Craft

Soaring inflation. A collapsing dollar. Bubbles in financial markets that would soon pop. One presidential candidate even suggested that the U.S. Federal Reserve chairman should be roughed up. Over the past five years, as the Fed has pumped ever-more money into the financial system, ...

Oct 30, 2014

Fed ends bond buying, cites brighter job market

The Federal Reserve cited an improving economy Wednesday as it ended its landmark bond-buying program and pointed to gains in the job market — a key condition for an eventual interest rate hike. The Fed reiterated its plan to maintain its benchmark short-term rate ...

Output rises most in eight months as Abe mulls tax hike

Oct 29, 2014

Output rises most in eight months as Abe mulls tax hike

Japan’s industrial output rose a stronger than expected 2.7 percent in September from the month before, government data showed Wednesday, signaling that demand may be starting to recover from the dent caused by April’s tax hike. After a 1.9 percent fall in August, the ...

Oct 29, 2014

BOJ expected to cut growth forecast for this year

The Bank of Japan is expected to downgrade its forecast for economic growth this fiscal year, given the slowdown caused by the consumption tax hike in April, according to sources close to the matter. The BOJ may also lower its inflation projection for fiscal ...

Oct 29, 2014

U.S. Fed begins policy meeting, likely to end asset-buying stimulus

The U.S. Federal Reserve began its two-day policy meeting Tuesday with speculation that the central bank is likely to end the asset purchase stimulus on the back of the improvement in labor market. The Federal Open Market Committee, the Fed’s policy-setting panel, including Fed ...

Oct 28, 2014

SIM locks on cellphones to be removed next summer

The communications ministry is getting ready to urge mobile carriers to remove subscriber identity module locks from mobile phones next summer, which would make it easier for consumers to change service providers, sources said. Customers will be able to change mobile carrier but keep ...

Oct 27, 2014

Services producer price index rises 3.5%

The services producer price index rose 3.5 percent in September from a year before, up for the 15th consecutive month, the Bank of Japan said Monday. The index stood at 102.4, against 100 for the base year of 2010, the BOJ said in a ...

Thirteen of Europe's biggest banks fall short in ECB stress tests

Oct 27, 2014

Thirteen of Europe's biggest banks fall short in ECB stress tests

The European Central Bank says 13 of Europe’s 130 biggest banks have flunked an in-depth review of their finances and need an extra €10 billion ($12.5 billion) to cushion themselves against any future crises. Although the landmark review identified only a handful of weak ...

U.S., Australia assure momentum building on TPP trade deal

Oct 26, 2014

U.S., Australia assure momentum building on TPP trade deal

Momentum is building toward a pan-Pacific trade agreement, representatives of Australia and the United States said Saturday as talks between trade ministers began in Sydney. The Trans-Pacific Partnership, which would encompass 40 percent of the global economy and include 12 nations, has been the ...