Business Topics

Mar 14, 2016

Japan's January core machinery orders up 15% on month

Japan’s core private-sector machinery orders jumped a seasonally adjusted 15 percent in January from the previous month for the second straight monthly gain, led by large orders from the steel industry, the government said Monday. The orders, widely regarded as a leading indicator of ...

Would Trump's trade threats work? Experts are skeptical

| Mar 14, 2016

Would Trump's trade threats work? Experts are skeptical

Donald Trump has promised to shred America’s trade deals and impose fines on imports from Mexico and China. He has gone so far as to swear off Oreos to protest Nabisco’s transfer of cookie production from Chicago to Mexico. By attacking trade agreements, the ...

Mar 12, 2016

Lagarde urges Asia to take bigger role guiding global economy

Asia needs to take a leadership role in the global economy that reflects the continent’s growing clout, International Monetary Fund Managing Director Christine Lagarde said Saturday in New Delhi. Asian officials should keep monetary policy supportive, while using fiscal policy to boost growth and ...

Mar 11, 2016

Japan big firms' business sentiment slumps in first quarter

Business sentiment among major Japanese companies in January-March turned negative for the first time in three quarters, affected by stock price falls and the yen’s rise earlier this year, a quarterly government survey showed Friday. The business sentiment index for companies with capital of ...

Mar 11, 2016

Abe economic adviser Honda appointed ambassador to Switzerland

A key economic adviser to Prime Minister Shinzo Abe who has been a strong advocate of monetary stimulus will become Japan’s ambassador to Switzerland, according to a notice issued by the Prime Minister’s Office on Friday. Etsuro Honda, 61, a former Finance Ministry bureaucrat ...

BOJ should ease further, says Abe adviser Honda

Mar 10, 2016

BOJ should ease further, says Abe adviser Honda

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The Bank of Japan should use a combination of a more-negative benchmark rate and enlarged asset purchases “sometime, before long” to help the economy, according to Etsuro Honda, an adviser to Prime Minister Shinzo Abe. “But maybe not next week,” when the BOJ next ...

Mar 10, 2016

Japanese wholesale prices fell 3.4% in February

Wholesale prices fell 3.4 percent in February from a year earlier on cheap oil and a firmer yen, the Bank of Japan said Thursday. It was the 11th straight month of decline. The index of corporate goods prices stood at 99.8 against the 2010 ...

Obama 'committed to Pacific trade deal,' even as opposition spreads

Mar 10, 2016

Obama 'committed to Pacific trade deal,' even as opposition spreads

U.S. President Barack Obama is fully committed to pushing for Congress to ratify the Trans-Pacific Partnership (TPP) deal despite anti-trade sentiment gaining steam on the presidential election campaign trail, National Security Adviser Susan Rice said Wednesday. Voter anxiety and anger over international trade and ...

Consumer confidence, sentiment weaken in February

Mar 9, 2016

Consumer confidence, sentiment weaken in February

Consumer confidence worsened in February amid a decline in the country’s corporate performance and China’s economic slowdown, the Cabinet Office said, downgrading its assessment of the index for the second consecutive month. Another survey, also released by the office on Tuesday, showed business confidence ...

Mar 8, 2016

Revised third-quarter GDP figures show 1.1% contraction

The economy contracted in the October-December quarter, according to revised government data that underscores growing concern that Prime Minister Shinzo Abe’s reflation program is falling short of expectations. The gross domestic product shrank an annualized 1.1 percent in the three months ended Dec. 31, ...