Business Topics

G-7 calls for high standards at China-led AIIB

May 30, 2015

G-7 calls for high standards at China-led AIIB

Finance ministers and central bank chiefs of the Group of Seven major industrial nations agreed Friday that the China-led Asian Infrastructure Investment Bank should be managed under internationally competitive standards on lending and other operations. The G-7 call came as the officials wrapped up ...

May 29, 2015

BOJ inflation gauge slows to zero as oil weighs

by Toru Fujioka

The Bank of Japan’s main gauge of inflation slowed to zero, as cheaper oil prices counter Gov. Haruhiko Kuroda’s effort to reflate the economy. Consumer prices excluding fresh food and effects of last year’s consumption tax increase were unchanged in April from a year ...

May 29, 2015

Japan April job availability up to 1.17, best in 23 years

Japan’s job availability improved in April to its best level in around 23 years while the unemployment rate fell to its lowest level in 18 years, with companies willing to hire more workers on the back of an economic recovery, the government said Friday. ...

May 28, 2015

April retail sales disappoint as consumption tax weighs

Retail sales rose less than forecast in April, signaling a weak start to the second quarter for an economy that is still weighed down by last year’s sales-tax increase. Sales climbed 0.4 percent from March, when they dropped 1.8 percent, government data released Thursday ...

May 28, 2015

Japan to suggest China dismantle ATM 'trade barriers'

Japan said in a report on unfair trade practices that it plans to urge China to revise regulations on ATMs and information and telecommunications systems for sale to Chinese banks. In the 2015 report, the Ministry of Economy, Trade and Industry described regulations on ...

May 27, 2015

TPP meeting ends without setting date for ministerial session

Chief negotiators from countries involved in the proposed Trans-Pacific Partnership free trade initiative wrapped up their latest round of negotiations in Guam on Wednesday, without setting a date for a ministerial meeting to reach a broad agreement. The 12 countries in the negotiations have ...

May 27, 2015

Kuroda faces opposition even after BOJ extended price target

Even the Bank of Japan’s recently extended time frame for achieving its inflation target may be too optimistic, according to some members of the BOJ Policy Board. A few members said at the central bank’s April 30 meeting that inflation would not reach 2 ...