May 11, 2015

Medium-term target expected for 2020 fiscal reform goal

The Abe administration plans to set a medium-term target to achieve its key fiscal reform goal in fiscal 2020, aiming to reduce the ratio of the primary deficit to gross domestic product to around 1 percent in fiscal 2018, sources said Monday. The medium-term ...

Mar 23, 2015

British EU exit could hit GDP by 2.2 percent: study

Britain leaving the European Union could result in a permanent loss of 2.2 percent of the country’s gross domestic product by 2030, and the costs would not be offset solely by striking a free trade deal with its former partners, think tank Open Europe ...

Mar 9, 2015

Japan logs current account surplus for seventh month straight

Led by higher exports amid a weaker yen and lower oil imports, Japan logged a current account surplus for the seventh consecutive month in January, with the balance standing at ¥61.4 billion, ($509 million), the government said Monday in a preliminary report. The balance, ...

Feb 28, 2015

India pledges infrastructure spending to help economy 'fly'

India’s finance minister pledged major investment in infrastructure on Saturday, saying it was time for the economy to “fly,” as he unveiled the new right-wing government’s first full budget. Arun Jaitley said his government had inherited an economy dominated by “doom and gloom” when ...

Retail sales unexpectedly slump, in challenge to 'Abenomics'

Jan 29, 2015

Retail sales unexpectedly slump, in challenge to 'Abenomics'

Retail sales unexpectedly fell in December, underscoring challenges to Prime Minister Shinzo Abe’s effort to stoke a recovery in the world’s third-biggest economy. Sales slid 0.3 percent from November for a third straight monthly decline, the trade ministry said Thursday in Tokyo. That compared ...

China's economic growth sank to 24-year low in 2014: survey

Jan 18, 2015

China's economic growth sank to 24-year low in 2014: survey

China’s annual gross domestic product growth slowed to its weakest rate in more than two decades in 2014, according to an AFP survey, projecting further deceleration in the world’s second-largest economy this year. The median forecast in a poll of 15 economists saw the ...

Jan 13, 2015

BOJ may raise its fiscal 2015 growth projection

The Bank of Japan is considering raising its projection for the country’s economic growth for fiscal 2015, taking into account the postponement of an additional consumption tax hike and the favorable impact of falling oil prices, informed sources said Tuesday. The BOJ is scheduled ...

Tax revenues seen shrinking primary balance to ¥14 trillion

Jan 6, 2015

Tax revenues seen shrinking primary balance to ¥14 trillion

On the back of growth in tax revenue amid improvement in corporate profits, the deficit in Japan’s primary balance is expected to shrink to around ¥14 trillion in fiscal 2015 starting April 1, according to Finance Ministry sources. A fall in the deficit suggests ...