Outlook upgraded for a second month

Feb 28, 2013

Outlook upgraded for a second month

The government on Wednesday upgraded its basic assessment of the economy for the second straight month, saying industrial output has picked up in February amid expectations that a global economic upturn could perk up exports. “The Japanese economy is bottoming out, while weakness can ...

Feb 25, 2013

President admits to economic woes

Iranian President Mahmoud Ahmadinejad made a rare acknowledgment Saturday night of the economic challenges his country is facing. “This was a very difficult year for our economy,” Ahmadinejad said during a live television interview in which he outlined his government’s budget plan for the ...

Looming worker shortage clouds China's surge

| Feb 1, 2013

Looming worker shortage clouds China's surge

China’s demographic time bomb is ticking much louder with the first fall in its labor pool for decades, analysts say, highlighting the risk that the country grows old before it grows rich. The abundant supply of cheap workers in the world’s most populous nation ...

Feb 1, 2013

Weakening yen starts to hurt pocketbooks

by Mizuho Aoki

While the easing yen is a welcome development for exporting companies, it is slowly starting to cast a shadow on family budgets, pushing up the price of gasoline and other daily necessities. The average retail price of regular gasoline has gone up for eight ...

Jan 31, 2013

Local economies show signs of bottoming out

Regional economies have “shown partial signs of having bottomed out” on the back of the yen’s recent depreciation and rising stock prices, the Finance Ministry said Wednesday. Although eight of 11 regions, excluding Hokkaido, Okinawa and quake-hit Tohoku, downgraded their assessments of the economy ...

Abe adviser Hamada wants more pliant BOJ

Jan 30, 2013

Abe adviser Hamada wants more pliant BOJ

by Hiroko Nakata

With his harsh criticism of the Bank of Japan in the spotlight, Shinzo Abe's economic brain, Koichi Hamada, says it is a big step forward for the central bank to finally adopt the new prime minister's 2 percent inflation target.

Jan 23, 2013

Abe casts wide net for growth strategies

Prime Minister Shinzo Abe on Wednesday called on his Cabinet members, corporate leaders and economic experts to cooperate in mapping out growth strategies to “regain a strong economy” through the combined efforts of the government and private sector. During the first meeting of the ...

Hamada hits DPJ deflation inaction

Jan 19, 2013

Hamada hits DPJ deflation inaction

by Hiroko Nakata

Koichi Hamada, one of Prime Minister Shinzo Abe’s special advisers, on Friday condemned past governments led by the Democratic Party of Japan for not pressing the Bank of Japan to conduct enough monetary easing steps to fight the country’s prolonged deflation. “The failure of ...